Annual Report for the year ended 31 December 2012

Highlights of the year

  • Completion of demerger of alent plc
  • Sale of us precious metals processing business
  • Sale announced on 27 march 2013 of remainder of precious metals processing division
Highlights of the year

  • Significant reshaping of portfolio, including complete exit from solar crucibles business
  • Increased flexibility in cost base
  • Rapid response to economic slowdown
Highlights of the year

  • Revenue of £1,548m from continuing operations (excluding alent and precious metals processing division), down 8%
  • Trading profit of £133m from continuing operations, down 28%; 23% at constant exchange rates
  • Headline performance results(1), pro forma(2) for vesuvius as a stand-alone group
Highlights of the year

  • Recommended final dividend of 9.50P per share
  • Strong balance sheet; net debt of £295m; leverage ratio (net debt to ebitda) of 1.5 Times
  • Significant pension liability de-risking

A global leader in molten metal engineering

Vesuvius is a global leader in metal flow engineering, principally serving the steel and foundry industries with customised products, services and technologies that make demanding applications possible.

Message From Our Chairman

Message from our Chairman

"We have assembled a highly experienced Board of Directors, committed to the highest standards of corporate governance, and benefit from a very strong executive management team led by François Wanecq."

Message From Our Chairman

Message From Our Chief Executive

Message from our Chief Executive

"Our primary objectives for the coming two years will be to retain a strong balance sheet, to restore our margins, to grow our presence in China and to develop our strategy."

Message From Our Chief Executive

Highlights of the year

Revenue
(£m)

Headline performance(1)

Free cash flow
(£m)

Continuing operations(1)

EBITDA
(£m)

Headline performance(1)

Headline eps
(p)

Headline pro forma(2)