Annual Report
PIONEERS OF PROGRESS – improving our world through smarter engineering

WELCOME TO OUR FY2021 ANNUAL REPORT
In the Report you can find out more about:
- Our history and our Purpose
- The priorities of our new CEO, Paul Keel
- The value we place on our people
- Technology and innovation
- How we are driving sustainability in our business and for our customers
- Governance and risk management
-
Chairman’s statementRISING TO THE CHALLENGE“FY2021 was one of the most eventful years since World War II for Smiths.”
-
OUR PURPOSE AND INTRODUCTION FROM OUR NEW CEO, PAUL KEELLONGEVITY, RESILIENCE, PASSION, OPPORTUNITY – AN EXCITING FUTURE FOR SMITHS“Our focus now is squarely on acceleration – acceleration of learning, acceleration of growth, and acceleration of value creation.”
FY2021 PERFORMANCE
-
Portfolio strength~90%FY2020: 90%
-
Aftermarket & services50%FY2020: 49%
-
Total Group Vitality Index20%REVENUE FROM NEW PRODUCTSFY2020: 20%
-
Total Group Employee Engagement73FY2020: 73
-
Total Group Safety RIR0.38FY2020: 0.30
-
TOTAL GROUP GHG REDUCTION SINCE 200760%
-
Underlying revenue growth(2)%FY2020: (1)%
-
HEADLINE OPERATING PROFIT MARGIN15.5%FY2020: 12.8%
-
Total Group ROCE13.2%FY2020: 11.8%
-
TOTAL GROUP HEADLINE CASH CONVERSION125%FY2020: 123%
-
Total Group working capital % of sales26%FY2020: 28%
-
Total Group dividend per share37.7pFY2020: 35.0p
Report downloads
-
ANNUAL REPORT FY2021Pioneers of progress – improving our world through smarter engineering
-
Strategic ReportThinking big, driving innovation and building high performing industrial technology businesses for tomorrow
-
Business model, strategy and KPIsWe drive competitive advantage through focused deployment of technology, innovation and investment
-
Resources and relationshipsWe believe in doing business responsibly, the right way every day
-
Our divisionsOur divisions are experts in their chosen markets
-
GovernanceHolding the balance between economic and social goals and between individual and communal goals
-
Financial statementsStrong financial framework