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 90% 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 natural skin care ingredients and waterborne coatings, supported by structural mega trends.
Improving efficiency and reducing our environmental impact is an ongoing focus at Elementis. We are always seeking to improve our organisation, drive ongoing efficiency gains and become more agile. We are currently focused on three areas: organisational structure, operational efficiency and digitalisation.
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 2020 and deliver $20 million of cost savings and $10m of working capital reduction by 2023.
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 2020 Annual Report