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 STATEMENT RISING TO THE CHALLENGE “FY2021 was one of the most eventful years since World War II for Smiths.” Download Chairman’s statement OUR PURPOSE AND INTRODUCTION FROM OUR NEW CEO, PAUL KEEL LONGEVITY, 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.” Download our Purpose and CEO statement FY2021 PERFORMANCE PORTFOLIO STRENGTH ~90% FY2020: 90% AFTERMARKET & SERVICES 50% FY2020: 49% TOTAL GROUP VITALITY INDEX 20% REVENUE FROM NEW PRODUCTS FY2020: 20% TOTAL GROUP EMPLOYEE ENGAGEMENT 73 FY2020: 73 TOTAL GROUP SAFETY RIR 0.38 FY2020: 0.30 TOTAL GROUP GHG REDUCTION SINCE 2007 60% UNDERLYING REVENUE GROWTH (2)% FY2020: (1)% HEADLINE OPERATING PROFIT MARGIN 15.5% FY2020: 12.8% TOTAL GROUP ROCE 13.2% FY2020: 11.8% TOTAL GROUP HEADLINE CASH CONVERSION 125% FY2020: 123% TOTAL GROUP WORKING CAPITAL % OF SALES 26% FY2020: 28% TOTAL GROUP DIVIDEND PER SHARE 37.7p FY2020: 35.0p Total Group measures comprise continuing operations and discontinued operations. Other measures are presented for continuing operations only. Please see Annual Report FY2021 (including note 30) for definitions of measures. REPORT DOWNLOADS ANNUAL REPORT FY2021 Pioneers of progress – improving our world through smarter engineering DOWNLOAD FULL REPORT STRATEGIC REPORT Thinking big, driving innovation and building high performing industrial technology businesses for tomorrow DOWNLOAD STRATEGIC REPORT BUSINESS MODEL, STRATEGY AND KPIS We drive competitive advantage through focused deployment of technology, innovation and investment DOWNLOAD BUSINESS MODEL, STRATEGY AND KPIS RESOURCES AND RELATIONSHIPS We believe in doing business responsibly, the right way every day DOWNLOAD RESOURCES AND RELATIONSHIPS OUR DIVISIONS Our divisions are experts in their chosen markets DOWNLOAD OUR DIVISIONS GOVERNANCE Holding the balance between economic and social goals and between individual and communal goals DOWNLOAD GOVERNANCE FINANCIAL STATEMENTS Strong financial framework DOWNLOAD FINANCIAL STATEMENTS JOHN CRANE SMITHS MEDICAL SMITHS DETECTION SMITHS INTERCONNECT FLEX-TEK SMITHS CHINA CAREERS SHARE PRICE AND TOOLS RESULTS, REPORTS AND PRESENTATIONS ANTI-MODERN SLAVERY & TRANSPARENCY STATEMENTS PURCHASING TERMS & CONDITIONS SITEMAP LEGAL NOTICE COOKIES PRIVACY ACCESSIBILITY © 2021 Smiths Group plc Smiths Group plc: Registered office 4th Floor, 11-12 St James's Square, London, SW1Y 4LB Incorporated in England No. 137013