ENABLING

ENVIRONMENTAL & SOCIETAL BENEFITS

VICTREX PLC

INVESTOR OVERVIEW: US & CANADA ROADSHOW MARCH 2024

OUR PURPOSE: WE BRING TRANSFORMATIONAL & SUSTAINABLE SOLUTIONS THAT ADDRESS WORLD MATERIAL CHALLENGESEVERY DAY

Targeting core revenue CAGR

5-7% by 2028

(upside to 8-10% as mega- programmes commercialise)

5Volume-6% of salesCAGR investedc6% sinceR&D2015pa

(ex CE contract)

1000+ employees serving over 40 countries

Sustainable products enabling environmental & societal benefit

STRONG MEGATRENDS SUPPORT LONG-TERM GROWTH RUNWAY

#1 PEEK polymer experts - 5 key end-markets

Innovative growth pipeline - increasing commercialisation Highly cash generative business model

Well invested global assets (Polymer in UK & China) Strong & growing ESG agenda

Forward-looking statements

Sections of this Presentation may contain forward-looking statements, including

statements relating to: certain of the Group's plans and expectations relating to its

future performance, results, strategic initiatives and objectives, future demand and

markets for the Group's products and services; research and development relating to

new products and services; and financial position, including its liquidity and capital resources.

These forward-looking statements are not guarantees of future performance. By their nature, all forward looking statements involve risks and uncertainties because they

relate to events that may or may not occur in the future, and are or may be beyond the

Group's control, including: changes in interest and exchange rates; changes in global,

political, economic, business, competitive and market forces; changes in raw material pricing and availability; changes to legislation and tax rates; future business

combinations or disposals; relations with customers and customer credit risk; events affecting international security, including global health issues and terrorism; the impact

of, and changes in, legislation or the regulatory environment (including tax); and the outcome of litigation.

Accordingly, the Group's actual results and financial condition may differ materially from

those expressed or implied in any forward-looking statements. Forward-looking statements in this Presentation are current only as of the date on which such statements

are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation.

Nothing in this Presentation shall be construed as a profit forecast.

INVESTMENT

CASE

2

OUR STRATEGY

POLYMER & PARTS

PRODUCT FORMS

POLYMER

Compounds

and

Pipe

PEEK & PAEK

….

UD Tape

Polymers

APTIV Film

Coatings & Fibres

PARTS

Gears

Aerospace

Composites

Composites

Magma pipe

Trauma plates

Knee

3

FURTHER GROW THE MARKET FOR PEEK POLYMER & CAPTURE NEW REVENUE STREAMS

VICTREX PEEK POLYMERS

A unique combination of properties

HIGH

PBI PERFORMANCE

PI LCP POLYMERS

PAI PPS

PEI PPA

PES PTFE

PSU

PA POM

PC PPE PBT

ENGINEERING POLYMERS

PE PVC PP PS ABS

PMMA PVA PVDC PET etc…

Wear

Property

Mechanical

Strengths

Easy

Processing

Recyclable

Extreme Temperature

Chemical

Resistance

VICTREX PEEK

Hydrolysis

A UNIQUE COMBINATION

OF PROPERTIES

High Purity

Bio inert

Electrical Property

COMMODITY POLYMERS

END-MARKETS & APPLICATIONS

MEDICAL

INDUSTRIAL AND VAR

Every 30 seconds a patient is treated using

100+ million

Invibio PEEK OPTIMA solutions

AEROSPACE

15 million+

machines using

implanted devices

Victrex solutions

20,000+

aircraft have VICTREX

solutions on-board

ELECTRONICS

ENERGY

Over 4 billion

AUTOMOTIVE

mobile devices use

75+ million

APTIV Film technology

500 million

seals in use today

VICTREXTM PEEK

VICTREXTM PEEK based applications

on the road today

PEEK was developed by ICI in 1978, with Victrex being formed from ICI in 1993 and listed in 1995.

5

PEEK has a unique combination of properties and is typically used as a metal replacement

VICTREX DIFFERENTIATION

Victrex makes Type 1, Type 2 and an intermediate type of PEEK

Victrex PEEK recipe

Victrex PEEK recipe

Victrex BDF

Other BDF

Victrex

Victrex

polymerisation

polymerisation

process

process

Competitor-type

PEEK recipe

Other BDF

Competitor-type polymerisation process

Type 1IntermediateType 2

Victrex is unique being integrated into BDF monomer & in being able to make all types of PEEK

OUR PRODUCTS:

ENABLING ENVIRONMENTAL

& SOCIETAL BENEFITS

55%

OF REVENUE FROM SUSTAINABLE PRODUCTS#

AEROSPACE

CO2 savings

  • each year, our sales to
    Aerospace help save three times more CO2 annually than Victrex produces in its own operations*

(annual scope 1 & 2 CO2 emissions)

AUTOMOTIVE

ELECTRONICS

80,000 tonnes

100,000 rpm

… annual CO2 saving in Europe

Supporting energy efficiency,

for selected applications**

durability & reliability at high

rotation speeds in vacuum

cleaners & hairdryers

MEDICAL

25% improved brain function

… using PEEK-OPTIMA

Natural in CMF skull plates*** vs metal plates

Better union rate

  • using carbon fibre PEEK trauma plate vs. steel plates****

ENERGY & INDUSTRIAL

Up to 80%

… weight saving vs metal using

VICTREX PEEK helps reduce stress on mechanical systems in renewable energy applications

*

Based on 10kg of PEEK replacement for metal, IATA carbon reduction & climate change 2018

**

Based on European annual mileage for passenger cars using vacuum pumps

7

***

25% improved brain function vs Titanium plates, based on paper by Zhang Q, Yuan Y, Li X, et al, World Neurosurgeon 2018

****

Data on file refers to Trauma outcomes in high-risk patients.

  • Sustainable products are defined as those which offer a quantifiable environmental or societal benefit. These are primarily in Automotive and Aerospace (supporting CO2 reduction) but also specific applications in Energy & Industrial and Electronics (e.g. wind energy applications, or those which support energy efficiency) and Medical, supporting better patient outcomes. Volumes into Oil & Gas (Energy & Industrial) and Value Added Resellers are currently excluded.

WELL-PLACED FOR THE

NEXT PHASE OF GROWTH

China manufacturing

Volume growth & macro recovery

Volume step-up & expansion

UK asset upgrade

Improved efficiency & returns

Mega-programme inflection

Medical acceleration

Mega-programme contribution

Increase shareholder returns

INVESTMENT

DELIVERY

GROWTH &

RETURNS

FY20-23

FY24-25

FY25+

8

NEW MID-TERM GROWTH TARGETS:

MACRO-DRIVERS, DIFFERENTIATED PRODUCTS &

MEGA-PROGRAMMES

GROUP CORE

GROWTH INC MEGA-

MEGA-PROGRAMME

BUSINESS GROWTH

PROGRAMMES

PORTFOLIO

5-7% CAGR

8-10% CAGR

c£25m-£35m of

(revenue 5-year period -

(revenue 5-year period -

Group revenues

PBT ahead of revenue growth with

PBT ahead of revenue growth with

improving operating leverage)

improving operating leverage)

(in FY 2025)

MID-TERM CONFIDENCE UNDERPINS NEW STRATEGIC GROWTH TARGETS

(communicated December 2023)

9

DELIVERING THE UNTAPPED POTENTIAL OF PEEK POLYMER

CONFIDENTIAL

CURRENT LANDSCAPE

Up to 500kg/plane

10g/car average

  • 5000 Medical parts sold

15bn connected devices

Renewable & new energy

applications <1% of volumes

MACRO-DRIVER

CO2 reduction & faster processing

CO2 reduction & higher performance

Metal alternatives, Patient outcomes

Higher durability & performance

New energy, higher performance

FUTURE POTENTIAL

Over 5 tonnes/plane

>200g of PEEK in

an EV*

>100,000 Medical parts

sold in 5 years

>25bn connected

devices**

c8 tonnes of PEEK per km for PEEK composite pipe

(Oil & Gas & hydrogen/new energy

opportunities)

*Based on 800V long-term opportunity **Statista forecast by 2030

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Disclaimer

Victrex plc published this content on 11 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 April 2024 14:35:06 UTC.