Investors
Johnson Matthey at a glance
Purpose-led
Johnson Matthey is catalysing the net zero transition through our market-leading technology based on our core competencies in advanced metals chemistry, catalysis and process engineering. Sustainability is embedded in everything we do and we have clear targets to reach net zero by 2040.
Performance-driven
We are transforming at pace to become a more simplified, more agile and more cost-effective organisation and build a strong platform for growth.
Long-term sustainable value creation and attractive returns
Our portfolio means Johnson Matthey is well-positioned in a rapidly changing market environment. As we drive cash from our core businesses and invest in our growth businesses, we’re targeting high single digit growth in underlying operating profit over the medium-term and strong long-term growth beyond¹.
Purpose-led: catalysing the net zero transition
Johnson Matthey is a global leader in sustainable technologies. We have a focussed portfolio of four businesses, with market-leading positions and competitive advantage based on innovative technology.
- Clean Air – a global leader providing catalysts for emission control after-treatment systems used in internal combustion engine vehicles
- Catalyst Technologies – a market leader licensing process technology and supplying catalyst to the chemicals and energy sectors, enabling decarbonisation
- Hydrogen Technologies – providing high-performance components across the value chain for hydrogen fuel cell and electrolysers
- PGM Services – the world’s largest recycler of platinum group metals (PGMs), providing circular solutions as demand for scarce critical materials increases
Led by our purpose of catalysing the net zero transition, sustainability is embedded in everything we do. While our products and services are helping our customers avoid emissions, our own long-term target of net zero by 2040 has been approved by the Science Based Targets initiative (SBTi).
Performance-driven: transforming at pace
We are transforming Johnson Matthey to leverage our growth opportunities and capitalise on the strong synergies across the group:
- Focusing our portfolio only on businesses where we have core competencies and then playing to win;
- Simplifying the way we operate, with leaner processes, less duplication, lower cost and clear accountabilities;
- Executing better by strengthening our commercial capability, capital project planning and execution.
As we execute against our strategy, we’ve outlined 10 strategic milestones to 2025/26 to track our progress. These milestones are focussed on areas that are critical to our success – winning customers, building capability and transforming the business to drive growth.
Long-term sustainable value creation and attractive returns
Our portfolio means Johnson Matthey is well-positioned in a rapidly changing market environment.
We will create sustainable value for our shareholders – driving cash from Clean Air and our foundational PGM Services business alongside investing for growth in our energy transition businesses, Catalyst Technologies and Hydrogen Technologies.
- Accelerating to high single digit growth in underlying operating profit over the medium-term and strong long-term growth beyond¹
- At least maintaining and aiming to grow the dividend, targeting a c.40% pay-out ratio over the medium term
1 At constant precious metal prices and FX rates. Baseline is underlying operating profit on a continuing basis excluding Value Businesses (£381m in 2023/24).
