Ashtead Group PLC Capital Markets Presentation
April 30 2024 - 12:45PM
RNS Regulatory News
RNS Number : 4983M
Ashtead Group PLC
30 April 2024
April 30th 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:
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Customer: Elevate our obsession with customer
service and their success throughout the organization to a level
unparalleled in the broader service sector;
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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;
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Performance: Operate with greater efficiency
through scale, process and technology to unlock margin
progression;
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Sustainability: Advance our position as a
thriving, growing enterprise to deliver long-term sustainable value
for our people, customers, communities and investors;
and
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Investment: Disciplined capital allocation
driving profitable growth, strong cash generation and enhanced
shareholder value.
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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.
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.
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."
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Further
enquiries:
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Will
Shaw
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Ashtead Group plc
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+44 (0)20 7726 9700
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Neil
Bennett
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H Advisors/Maitland
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+44 (0)20 7379 5151
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Jonathan
Cook
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H Advisors/Maitland
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+44 (0)20 7379 5151
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