REG - Ashtead Group PLC - Capital Markets Presentation

AshteadAnnouncement

30/04/2024 17:45

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RNS Number : 4983M  Ashtead Group PLC  30 April 2024

 

 

April 30(th) 2024

 

Ashtead Group plc

Capital Markets Presentation

 

As announced yesterday Ashtead Group plc is holding a capital markets event in
Atlanta, Georgia for analysts and investors. The capital markets presentation
today will launch the next phase of the Group's strategy, Sunbelt 4.0, a
five-year plan covering the Group's ongoing growth and expansion plans
following the successful execution of our Sunbelt 3.0 campaign.  The
presentation will deliver detailed insight on the five actionable components
of the new plan:

 

 ●    Customer: Elevate our obsession with customer service and their success
      throughout the organization to a level unparalleled in the broader service
      sector;

 ●    Growth: Grow General Tool and Specialty through the ongoing structural
      progression in our business and industry, and advance our clusters to deepen
      our presence and increase our total addressable markets;

 ●    Performance: Operate with greater efficiency through scale, process and
      technology to unlock margin progression;

 ●    Sustainability: Advance our position as a thriving, growing enterprise to
      deliver long-term sustainable value for our people, customers, communities and
      investors; and

 ●    Investment: Disciplined capital allocation driving profitable growth, strong
      cash generation and enhanced shareholder value.

 

The presentation will detail our plans to deliver continued strong revenue
growth, improving margins and return on investment and strong free cash flow
generation.  This, combined with the Group's new target leverage range of 1.0
to 2.0 times net debt to EBITDA (pre IFRS16), will provide significant
flexibility to allocate capital in accordance with our long-term priorities
and focus on driving shareholder value.

 

In addition, we are announcing new sustainability targets including an aim to
be net zero by 2050 and to reduce our GHG intensity 50% by 2034.

 

The event will be hosted by Brendan Horgan, CEO, and Michael Pratt, CFO,
together with a number of the senior management team from across the Group.

 

The presentation will commence at 1.00pm ET / 6.00pm BST.  A link to the
event site is available via the Group's website at
www.ashtead-group.com/investors/results-centre/webcasts
(http://www.ashtead-group.com/investors/results-centre/webcasts) . Anyone
wishing to attend the event is encouraged to register on this site at least 15
minutes before it commences.  A playback facility will be available shortly
after the presentation ends.

 

A copy of the main slide presentation is available on the Group's website
using the following link:
www.ashtead-group.com/investors/results-centre/results-and-presentations
(http://www.ashtead-group.com/investors/results-centre/results-and-presentations)
.

 

Brendan Horgan, CEO of Ashtead, said: "As we sunset the successful execution
of Sunbelt 3.0 and look to the years ahead, we set out today another ambitious
five-year plan to deliver strong growth, improving margins and returns and
strong free cash flow generation, while embracing our sustainability agenda,
for the benefit of all our stakeholders."

 

 Further enquiries:

 Will Shaw           Ashtead Group plc    +44 (0)20 7726 9700
 Neil Bennett        H Advisors/Maitland  +44 (0)20 7379 5151
 Jonathan Cook       H Advisors/Maitland  +44 (0)20 7379 5151

 

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