Investment case

Favourable megatrends, differentiated value-creation and high cash generation support long-term growth.

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Favourable Megatrends
  • Global population growth and demographic change drives construction and remodelling activity
  • Climate change demands more energy efficient buildings
  • Increasing consumer savvy and technology advances raise expectation for improved aesthetics and ease of use
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Compelling customer value-creation
  • Our highly-engineered products create strong value for customers and end-users relative to their cost
  • Our market-leading brands, extensive portfolio of differentiated products, and innovation capabilities make us a strategic partner for our customers
  • Our value-added services, including co-development, application engineering, integrated supply chain and accredited testing, underpin our long-term customer relationships and high levels of repeat business
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Sustainable growth potential
  • We have high barriers to entry as a result of our deep customer relationships, the heritage and reputation of our brands, our extensive product and application expertise and world-class facilities across our global footprint
  • Our scale allows us to continually invest in our organic growth through innovation and operational excellence
  • Our high levels of cash generation and strong balance sheet provide funding flexibility for future expansion, including further acquisitive growth with Tyman the natural consolidator in a fragmented industry
  • Our diversification across geographies and commercial and residential markets provides resilience against Our diversification across geographies and commercial and residential markets provides resilience against major changes in the market environment