James Routh
CEO & Executive Director
Good afternoon, everyone, and thank you for joining the Victrex Capital Markets event. Today, we’ll set out how we’ll unlock Victrex’s significant potential and drive long-term sustainable profit growth. As many of you know, I joined in January because I was convinced this business has solid foundations, a differentiated product, a powerful brand and well-invested facilities. The main issue was clearly execution. As I said at the half year results, that view has been confirmed and I now see a clear path to materially improve performance.
Over the past 9 months, we’ve moved at pace and made considerable progress as reflected in the trading update that we issued 2 weeks ago. So today, I’ll start with introductions to the leadership team, then set out the dynamics of the global PEEK market and why Victrex is so well positioned. I’ll also cover our distinct competitive advantages and why they give us a long-term right to win in this attractive growth market. I’ll then explain the changes we’re making to build a performance-focused culture and summarize the strategic framework that will unlock a significant improvement in financial performance.
My colleagues will then go into detail on Victrex Performance Materials, which was formerly Sustainable Solutions, Victrex Medical and our operational transformation program, including the actions we’re taking to drive improved performance. I’ll then provide more detail on our updated financial guidance and capital allocation policy before wrapping up and moving into Q&A. Today’s session will provide the detail and context around how we intend to unlock our potential and drive significant growth in profit and cash generation over the