Mitie Group plc (LON:MTO), the UK’s leader in facilities management and transformation, is today hosting a Capital Markets Event for institutional investors and sell-side equity research analysts (1pm BST – 5pm BST).
The Event will introduce the Group’s new Three-Year Plan for FY25-FY27: “From Facilities Management to Facilities Transformation”.
Mitie will outline how customers’ needs for their built environment are changing to meet increasing demands for asset optimisation; a reduced carbon footprint; higher levels of assurance for security and cleanliness; whilst embracing hybrid working and creating a ‘Great Place to Work’.
The Capital Markets Event will feature a series of presentations from the Mitie Senior Leadership Team, highlighting the strengths of the business and opportunities for growth, as well as showcasing Mitie’s leading technologies in action in its ‘Transformation Hub’.
Mitie’s technology-led Facilities Transformation strategy is expected to drive faster growth in three key areas:
· Growth in major Key Accounts;
· Growth in Projects work through ‘upselling’ to existing customers; and
· Growth through Infill M&A to add new capabilities
Mitie will set out new financial targets for FY25 – FY27, as follows:
· High single digit revenue compound annual growth rate (CAGR)
· 5% operating profit margin[1] by FY27
· EBITDA >£300m by FY27
· EPS CAGR above that of revenue, despite higher Corporation Tax rates
· £150m p.a. free cash flow by FY27
These growth targets will be underpinned by the Group’s continued disciplined approach to investment of:
· c.20% Return on Group Invested Capital
· Average leverage between 0.75 to 1.5x’s EBITDA
Separately, the Board is pleased to announce that CEO, Phil Bentley, has confirmed his commitment to delivering the next Three-Year Plan.
Join our event today, in person or online, to hear more about how Mitie is leading the industry: “From Facilities Management to Facilities Transformation”.
Event and registration details
The event will commence with lunch and registration at 12.15pm BST at the Group’s headquarters in The Shard, 32 London Bridge Street, SE1 9SG.
Presentations will commence at 1pm BST and will be streamed live. Please register via the following link: https://webcasts.umcdn.com/mit029
If you would like to attend in person and have not done so already, please contact Kate Heseltine: kate.heseltine@mitie.com.
