Capital Markets Event

Capital

Vesuvius plc, a global leader in molten metal flow engineering and technology, is hosting an in-person Capital Markets Event for analysts and institutional investors in London this afternoon.

The event will be hosted by Patrick André, Chief Executive Officer and Mark Collis, Chief Financial Officer, with presentations from Pascal Genest, Flow Control President; Richard Sykes, Advanced Refractories President; and Karena Cancilleri, Foundry President.

The event will provide insights into the positive long-term growth trends in the steel and foundry markets, in particular the positive inflexion of the steel markets ex China to structural growth in the coming years, and how Vesuvius' strategy of technological differentiation enables outperformance of these markets. Vesuvius' objective will be to achieve a profitable and highly cash-generative organic growth strategy that will:

• Target revenue outperforming the market by at least 2%, driven by market share gains and superior pricing;
• Target a return on sales margin of at least 12.5% in 2026, supported by a new cost-saving programme aiming to deliver £30m in recurring efficiencies;
• Deliver strong cash generation with a cumulative free cash flow target of at least £400m between 2024 and 2026, for dividends, acquisitions and share buybacks; and
• Deliver a capital allocation policy focused on value creation and shareholder returns.

No new information on trading will be shared at the event, following the trading update issued on 14 November 2023.

For those unable to attend in person, the event will be broadcast live at 2.30pm today. To access the presentation, participants will be required to register in advance using the following webcast link here.

A recording of the day and a copy of the presentations will be available following the event on the Group's website at: https://www.vesuvius.com/en/investors.html

If you would like to attend in person, please email Vesuvius@mhpgroup.com

Vesuvius plc, 165 Fleet Street, London EC4A 2AE

Registered in England and Wales No. 8217766