Decarbonisation targets validated

• Science Based Targets validated (SBTI)
• Target 50.4% reduction of Scope 1 & market based Scope 2 emissions by 2032
• Decarbonisation options being finalised (subject to available technology & grid capacity)

100% renewable electricity globally

• 100% of Victrex’s electricity from renewable sources
• Builds on strong Sustainability credentials
• Supports Victrex PEEK’s favourable lifecycle analysis

PEEK Knee regulatory submission

• Regulatory submission for PEEK Knee in India
• Supports the prospect of a commercial PEEK Knee in 2025/6
• A key mega-programme for Victrex

China commercial operations

• Commercial operations commenced in H2 2024
• Ramp up from FY 2025 (100-150 tonnes in year 1)
• Underpin growth for mid-long term

China manufacturing

• Completion of new China manufacturing plant
• Commercial operations in FY 2024
• Investment in additional capability in China

Growth targets

• Growth targets set for core business (5-7% revenue CAGR, 5 year period)
• Upside to 8-10% of revenue from mega-programmes
• Targeting £25m-£35m revenues from mega-programmes in FY 2025

ESG - Science Based Targets initiative (SBTi)

• Decarbonisation plan & targets submitted to SBTi
• Targets across Scope 1, 2 & 3

Medical

• Record Medical revenues of £65m
• Strong core business growth & new applications
• Non-spine now larger than Spine revenues

E-mobility

• Strong growth in E-mobility applications
• Wire coating and battery applications
• Opportunity for >100g average PEEK/car (from c10g today)

Trauma plates growth

• Collaboration with In2Bones
• FDA approval
• PEEK composite Trauma plates for fracture surgeries

1st Aerospace structural PEEK composite parts

• First thermoplastic structural parts demonstrated (wing ribs, engine structures)
• Opportunity to increase PEEK content per plane 10x current levels
• Collaborations with Airbus and other OEMs

Sale of equity in Magma Global to TechnipFMC

• Sale of Victrex equity in Magma Global to TechnipFMC
• Strong validation of PEEK-based composite pipe opportunities
• Significant opportunities for PEEK in traditional and new energy projects

1st patient implant for PEEK Knee

• Capitalise on dissatisfaction with metal Knee replacements (1 in 5 patients dissatisfied)
• Clinical trial sites in India, Italy, Belgium
• Partnering with Maxx Orthopedics & further partnership opportunities

China manufacturing facility

• Completion of civil construction
• c1 million safety hours in 2021
• Start up planned for late 2023

PEEK Knee clinical trial progressing

• Capitalise on dissatisfaction with metal Knee replacements
• Clinical trial underway in Italy – further trial sites being explored (India and Europe)
• Partnering with Maxx Orthopedics & further partnership opportunities

First Victrex composite 'parts that fly' supplied to Aerospace customers

• US based TxV manufacturing facility supplies parts that fly for existing aircraft
• Meaningful revenue of £1m+ from Aerospace Loaded Brackets achieved

Investment in new PEEK manufacturing facility in China (Panjin VYX)

• Support customers in China and the Asia region
• Further differentiate our portfolio of PEEK grades

Long term development alliance with Airbus

• Development of composite materials for Aerospace
• Focused on larger primary and secondary aircraft parts

Investment in Bond 3D and Surface Generation

• Ability to manufacture 3D printed parts
• Capability to improve innovative moulding techniques

Commissioning of TxV Aero Composites manufacturing facility (US)

• Ability to manufacture PEEK and PAEK composite parts for global aerospace industry ;
• Composite parts offer light-weighting and improved manufacturing cycle times

Magma reaches meaningful revenue

• Victrex materials supplied to Magma for composite oil & gas pipe;
• Magma deployment for Tullow (2.5km PEEK composite pipe)

First Victrex PEEK Gear components on the road

• PEEK Gears can help reduce noise vibration in cars;
• Aspiration to increase PEEK content per car from 8g to 12g

New CEO joins Victrex

• David Hummel retires as CEO after 24 years;
• Jakob Sigurdsson joins as CEO (Oct 2017)

New Polymer Innovation Centre developed at Hillhouse, UK

• Process improvement for existing products
• Rapid prototyping / reduced time to market
• Support new polymer grades, new product forms, parts, 3D printing

Joint-venture to form TxV Aero Composites

Acquisition of Zyex PEEK fibres

Continued investment in 'downstream' manufacturing

• New Trauma manufacturing facility
• New Composites manufacturing facility

Acquisition of Kleiss Gears

Third PEEK manufacturing plant commissioned alongside second Aptiv film plant

Polymer & Parts strategy unveiled

Victrex celebrates 20 years in business

Hillhouse Technical Centre

Victrex opens its new UK Technical Centre at Hillhouse and commences construction of its third PEEK plant to underpin future growth

Japan Technical Centre opens

Victrex commences operations of PP2, its second PEEK manufacturing plant at Hillhouse, UK

Victrex opens its Asian Technical Centre in China, serving the fast growing Asian markets

Victrex acquires the Seal Sands site on Teesside, UK, part of the process for manufacturing BDF, the key raw material for PEEK.

Rotherham and Seal Sands together provide a long term supply of raw materials and superior process in manufacturing BDF, the key raw material for PEEK

Invibio Biomaterials Solutions division launched, focusing on the medical devices market

Victrex acquires upstream assets through the purchase of our DFDPM manufacturing site at Rotherham, UK (part of the process for manufacturing BDF, the key raw material to make PEEK)

Victrex receives the Queen's Award for Innovation

Victrex flotation on the London Stock Exchange to become Victrex plc

Victrex formed following a management buyout from ICI. Sales of £17 million and less than 60 employees, focused primarily on the industrial market

US patent granted for PEEK

Polyaryletheretherketone (PEEK) - polymer invented by ICI