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Reporting 2019

WE ARE VESUVIUS


Vesuvius is a global leader in molten metal flow engineering and technology, serving process industries operating in challenging high-temperature conditions.

We develop innovative solutions that enable our customers to improve their manufacturing costs, quality and safety performance, and help them to become more efficient in their processes.

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Performance

REVENUE

£m

TRADING PROFIT 2

£m

RETURN ON SALES 2

%

PROFIT BEFORE TAX

£m

HEADLINE EARNINGS PER SHARE 3

p

REVENUE (£m)

2019

1,710.4

2018

1,798.0

2017

1,683.9

TRADING PROFIT 2 (£m)

2019

181.4

2018

197.2

2017

165.5

OPERATING PROFIT (£m)

2019

127.5

2018

164.5

2017

109.7

HEADLINE EARNINGS 2, 3 (£m)

2019

121.4

2018

133.7

2017

110.1

STATUTORY EPS (p)

2019

29.8

2018

51.3

2017

14.1

FREE CASH FLOW 2 (£m)

2019

126.6

2018

106.0

2017

92.3

  1. Underlying basis is at constant currency and excludes separately reported items and the impact of acquisitions and disposals.
  2. For definitions of alternative performance measures, refer to Note 4 of the Group Financial Statements.

  3. Headline results refer to continuing operations and exclude separately reported items.

Our Strategy

Patrick André

Chief Executive

Progress in implementing our strategy delivered strong free cash flow despite challenging
end-markets.

Vesuvius' higher cash flow in 2019 demonstrates our strength as a flexible, low capital intensity business, capable of generating free cash flow across the cycle.

At A Glance

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Steel Division

Our customers are steel producers and other
high-temperature industries.

Vesuvius is a world leader in the supply of refractory products, systems and solutions.
These help our customers increase their efficiency and productivity, enhance quality, improve safety and reduce their costs and their environmental impact.

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Foundry Division

We are a world leader in the supply of consumable products, technical advice and application support to the global foundry industry, improving casting quality and foundry efficiency.

Our primary customers are ferrous and non-ferrous foundries serving various end-markets, from large bespoke castings to high-volume automotive pieces. We operate in the foundry sector under the FOSECO brand.

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Locations

We are a global group with a business model based on offering customised products, solutions and services from production facilities in close proximity to our customers.