Capital Markets Day

RNS Number : 3375Y
Origin Enterprises Plc
08 May 2019
 

 

 

Origin Enterprises plc

Origin Enterprises plc hosts its 2019 Capital Markets Day

Sets out five-year ambition

 

8 May 2019

 

Origin Enterprises plc ("Origin" or the "Group"), the agri-services group, is hosting its 2019 Capital Markets Day ("CMD") today at the London Stock Exchange Building in London, UK.  The CMD will run from 10:00 BST to 14:00 BST. 

 

The CMD presentation is available on the Investor Relations section of the Origin Enterprises website from 10:00 today.  http://www.originenterprises.com/investor-centre/

 

Over the course of the 2019 Capital Markets Day, the Group will outline its ambition and strategy to grow Group Operating Profit substantially by 2023.  Origin will also outline a number of medium-term growth targets which the Group is committed to delivering over the next five years.

 

Medium term ambition

Given the strength of the Group's balance sheet, Origin is well positioned to capitalise on future growth opportunities and deliver long term sustainable returns to shareholders through a combination of organic growth and selective M&A. 

 

The five-year ambition which will be outlined at the CMD is as follows:

 

Key performance indicator

Metric

Five-year average organic Operating Profit growth (excluding JVs), constant currency, FY19 to FY23

3% to 4%

Five-year average total Operating Profit growth (excluding JVs), constant currency, FY19 to FY23

5% to 9%

Annual return on invested capital

12% to 15%

Annual free cash flow conversion ratio

70% to 100%

 

Dividends

Origin intends to resume a progressive dividend policy with a longer-term aim of reducing the payout ratio towards 35%. 

 

ENDS

 

 

 

Enquiries

 

Origin Enterprises plc

 

 

Sean Coyle

 

 

Chief Financial Officer

Tel:

+353 (0)1 563 4959

 

 

 

Brendan Corcoran

 

 

Head of Investor Relations and 
Group Planning

 

Tel:

 

+353 (0)1 563 4900

 

 

 

Goodbody (Euronext Growth (Dublin) Adviser)

 

 

Siobhan Wall

Tel:

+353 (0)1 641 6019

 

 

 

Davy (Nominated Adviser)

 

 

Anthony Farrell

Tel:

+353 (0)1 614 9993

 

 

 

Numis Securities (Stockbroker)

 

 

Stuart Skinner

Tel:

+44 (0)20 7260 1314

 

 

 

Powerscourt (Financial PR Advisers)

 

 

Jack Hickey / Eavan Gannon (Ireland)

Tel:

+353 (0)83 448 8339

Rob Greening / Jana Tsiligiannis (UK)

Tel:

+44 (0)207 250 1446

 

 

 

 

About Origin Enterprises plc

 

Origin Enterprises plc is a focused Agri-Services group providing specialist on-farm agronomy services, digital agricultural services and the supply of crop technologies and inputs.  The Group has leading market positions in Ireland, the United Kingdom, Belgium, Brazil, Poland, Romania and Ukraine.  Origin is listed on the Euronext Growth (Dublin) and AIM markets of the Irish and London Stock Exchanges.

 

Euronext Growth (Dublin) ticker symbol:          OIZ

AIM ticker symbol:                                            OGN

Website:                                                           www.originenterprises.com


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCUGUBWAUPBUAR
UK 100

Latest directors dealings