Annual Report
A year of accelerating growth and stronger execution
WELCOME TO OUR FY2022 ANNUAL REPORT
In the report you can find out more about:
- Our FY2022 performance
- Our business model, priorities and targets
- Our divisions, markets and customers
- Sustainability at Smiths
- Governance
- Risk management
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Chairman’s statementExploring the macro-economic environment, supply chains and inflation. -
CEO REVIEW“Our compelling business model leverages our world-class engineering, leading positions in critical markets, and global capabilities to help customers solve their toughest problems.”
Key performance indicators
Financial
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Organic Revenue Growth+3.8%FY2021: (2.2)%
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Operating Profit Margin16.3%FY2021: 15.5%
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Headline EPS Growth17.8%FY2021: 19.3%
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Return on capital employed14.2%FY2021: 13.9%
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Operating cash conversion80%FY2021: 129%
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Proposed total dividend39.6pFY2021: 37.7p
Operational
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Gross vitality (% revenue from new products)31%FY2021: 25%
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Greenhouse Gas Reduction(7.2)%FY2021: N/A
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Safety recordable incident rate0.54FY2021: 0.47
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My Say engagement score72FY2021: 71
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Diversity (% of Senior Leadership positions taken by women)24%FY2021: 23%
Report downloads
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ANNUAL REPORT FY2022A year of accelerating growth and stronger execution. -
Strategic ReportOur priority is to build on our strengths to unlock value by moving with greater pace and urgency to deliver performance in line with our significant potential. -
SUSTAINABILITY AT SMITHSESG performance is at the very centre of our Purpose and we are committed to sustainability leadership. -
GovernanceThe primary role of the Board is to lead Smiths in a way that ensures its long-term success. -
Financial statements