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SMITHS VALUE ENGINE
Paul Keel
Opening Thoughts
We have an exciting opportunity to guide an intrinsically strong business to its full potential
Across our history, Smiths achievements are notable, but too variable. Closing the gap between performance and potential centres on three main things:
Growing faster
Executing better at pace
Doing more to inspire and empower our people
Smiths Value Engine connects our capabilities to our potential. The Engine has three key components: Our Values and Purpose, Our Strengths, and Our Priorities
The financial output of the Engine is powerful:
Recurring revenue growth
Fuelled by high margins
Converting through low asset intensity into exceptional cash generation
SMITHS VALUE ENGINE | 4
170 years of pioneering across technologies, markets and geographies
1851
1900
1950
2000
2021
Samuel Smith founds
First medical ultrasound
Catheter for first
First hold baggage
Revolutionary
our company
test-tube baby
CT scanner
dry gas seal
Energy
Threat Detection
Instrumentation
Life Sciences
for world's first
transatlantic flight
Industrial Technology
Aerospace
Motor accessories
Chronometers and timepieces
First accurate car
Instrumentation for
First synchronous electric
Smiths watch
First zero visibility
First ATM / PIN
First head-up
Connectivity on
speedometers
South Pole expedition
clock
tops Everest
autopilot landing
cash machine
display
Mars Rover
SMITHS VALUE ENGINE | 5
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Disclaimer
Smiths Group plc published this content on 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 10:41:03 UTC.
Smiths Group plc is an industrial group organized around 4 product families:
- industrial equipment (35.5% of net sales; John Crane): mechanical linings, auxiliary sealing systems for pumps and compressors, bearings, power transmission couplings, etc.;
- detection equipment (26.5%; Smiths Detection): for detecting and identifying explosives, weapons, chemical and biological agents, etc.;
- tubular and thermal systems (25.3%; Flex-Tek);
- electric and electronic interconnection equipment (12.7%; Smiths Interconnect): primarily for the defense, telecom and transportation sectors.
Net sales are distributed geographically as follows: Europe (18.5%), the Americas (54%), Asia/Pacific (16.2%) and other (11.3%).
SMITHS GROUP PLC 
