Strong Financial Framework

Smiths Value Engine is supported by a simple and effective framework:

• Strong profit margin and cash conversion provides funds to support our strategy
• High returns from reinvestment in organic growth
• Enhanced by complementary, disciplined M&A
• Surplus capital returned through dividends and buybacks

The financial output of the Smiths Value Engine is powerful – recurring revenue growth fuelled by high margins and returns, converting through our low asset intensity model into exceptional cash generation enabling powerful and attractive returns.