Innovation, Growth and Efficiency are the pillars of our strategic agenda. Execution of our priorities in these areas will address our customers’ most challenging problems while driving sustained value creation
Innovation is at the heart of what we do. We are a global leader in performance-driven additives that create innovation solutions for our customers.
Leveraging our capabilities in rheology, surface chemistry and formulation we help customers improve their products, responding to their biggest challenges through deep partnerships, ongoing technical support and consistent quality, service and delivery. This focus on market leading innovation drives our business and our growth.
In our transformed portfolio, approximately 80% of earnings are now generated by Personal Care, Coatings and Talc. The value chains across these segments are similar, transforming advantaged and long life hectorite and talc resources into high value additives via distinctive processing and formulation expertise, as well as consistent product quality and high levels of customer support.
In addition to their enduring competitive advantages, there are clear growth opportunities for these premium performance additive businesses, in areas such as skin care and waterborne coatings, supported by structural mega trends.
We know where and how we want to grow. Efficiency and simpliﬁcation will ensure that we generate growth at the lowest operating cost. We are focused on three areas: organisation structure, operational eﬃciency and digitisation.
Whether it be how we manage our teams, run our global supply chain setup, or serve our customers, we have a mentality of continuous improvement. With this clear focus, we aim to build on our progress in 2019 and deliver a further $15 million of efficiency savings by 2022.
Medium Term Group Performance Objectives
With strong positions in attractive markets we see clear growth and margin improvement opportunities and expect to deliver strong, sustainable returns. Linked to our strategic framework are clear medium term Group performance objectives. These include:
ADJUSTED OPERATING PROFIT MARGIN
OPERATING CASH CONVERSION**
NET DEBT / EBITDA
To read more about our strategy please refer to our 2019 Annual Report