Company Announcements

7 February 2024

Babcock International PLC

Capital Markets Day

Babcock International Group PLC ("Babcock" or "the Group") will today host a Capital Markets Day for institutional investors and analysts at Devonport Royal Dockyard, Plymouth.

Chief Executive Officer, David Lockwood and Chief Financial Officer, David Mellors will be joined by a range of senior leaders from across the Group to provide further detail on the Company's strategy to deliver high-quality profitable growth.

The event will demonstrate the critical role Babcock plays in the defence industry, and outline:

•     How its differentiated business model meets customer requirements of availability, affordability and capability; 

•     Its position as a key supplier to governments; with deep platform knowledge, engineering know-how and customer relationships which support sustainable profitable growth;

•     Its ability to drive margin improvements from enhanced operational performance, technical and programme risk management and the unwind of legacy contracts.

On 14 November 2023 the Company published its half-year results highlighting a strong start to the year. The Board's expectations for another year of organic revenue growth, underlying operating margin expansion and positive cash flow generation are unchanged, and we continue to build momentum to achieve the medium-term guidance.

Capital Markets Day details

The Capital Markets Day is for institutional investors and analysts. Presentations will start today at 8:30am.

There will also be a live webcast www.babcockinternational.com/investors for attendees who wish to join the event virtually. A copy of the presentation will be available on Babcock's website with the on-demand webcast available via the same link.

No new information on trading will be shared at the event.

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