Annual Report and Accounts 2021 -highlights

£ 15.7 bn
revenue, +8%
£ 3922 m
sales, -5%
£ 504 m
underlying operating profit, -5%
70 p
ordinary dividend per share

"COVID-19 tested us all last year, but we surpassed even our own expectations of what we’re capable of.

These are exciting times for Johnson Matthey. While our products are essential in helping the world achieve its net zero ambitions, we’re also setting our own tough new sustainability targets."

Robert MacLeod, Chief Executive


Annual Report: Read the Chief Executive's statement

The catalyst for a sustainable planet

Johnson Matthey's vision is for a world that's cleaner and healthier, today and for future generations. And so we are making it our business to help address the four essential transitions the world needs for a sustainable future.

1 in 3
new cars carries one of our emission control catalysts
211 k tonnes
CO2 equivalent avoided by our battery materials and fuel cell technology in 2020/21
10 s of MW
green hydrogen capacity enabled by our products - enough to power several thousand homes
2.5 m tonnes
pollutants prevented from getting into the air by our catalysts every year

With science and innovation at our core

We've been drawing on our deep expertise in the transformative power of metals chemistry for more than 200 years to address some of society’s biggest challenges. And it’s more important now than ever, as we help our customers and our own business adapt processes and products to reach the sustainability goals that our planet and society are depending on.

£ 194 m
gross R&D expenditure
11 %
employees in R&D roles
87.3 %
R&D spend contributing to four priority UN SDGs
> 1600
R&D employees

Delivering on a strategy aligned to society's needs

Our strategy for growth mirrors society’s need to decarbonise and create a more circular economy while managing the transitions needed to reach net zero. And it’s an approach we apply to our own business: we want to lead in sustainability.

84.7 %
sales from products contributing to our four priority UN SDGs
£ 37 m
cost savings from transformation programme in 2020/21
8.1 /10
customer satisfaction, +0.1
£ 194 m
gross R&D expenditure

Creating value for our stakeholders

Our key performance indicators (KPIs) measure progress against our financial aims, our strategy and our 2030 sustainability targets.

£ 504 m
underlying operating profit, -5%
£ 3922 m
sales, -5%
182 p
underlying earnings per share, -9%
57 days
average working capital days (excl. precious metals)

For a sustainable future

Johnson Matthey has been a company with sustainability at its core for a long time. But as the world wakes up to the imminent threat of climate change, and our industries accelerate their transitions to a net zero world, we have an even bigger role to play.

tonnes CO2 eq. Scope 1 and 2 greenhouse gas emissions, -1%
total recordable injury and illness rate (2019/20: 0.79)
27 %
female representation in management (2019/20: 30%)
65 %
employee engagement (2019/20: 63%)