Johnson Matthey Plc · LSE:JMAT
Johnson Matthey — Investor Day (January 2013)
96 slides from Johnson Matthey's investor day presentation, Jan 31, 2013
Slide 1: New Business Development and Opportunities in Emission Control Technologies
Presentation to Investors / Analysts – New Business Development and Opportunities in Emission Control Technologies 31st January 2013 Follow us on Twitter: @johnson_matthey
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward looking statements that are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries and sectors in which Johnson Matthey operates. It is believed that t
Slide 3: Introduction and Welcome
Introduction and Welcome Neil Carson Chief Executive
Slide 4: Programme
Programme 11.00 Introduction and Welcome Neil Carson 11.10 New Business Development Q&A and coffee break after this session Nick Garner, Roanna Doe, Martin Green Opportunities in Emission Control Technologies 12.10 Q&A after this session John Walker 13.10 Lunch 13.55 Light Duty Aftertreatment Techno
Slide 5: Purpose of the Day
Purpose of the Day Provide Outline Update Explain an overview of our our progress in four on the drivers and How we continue to new business new business areas: opportunities in add value through development air purification, JM’s Emission Control R&D and technology activities advanced packaging, Te
Slide 6: Introduction
Introduction A world leading Success founded on Differentiation through technology company continued investment in technology R&D and product development Proven strategy in place Well positioned in Delivers value to develop new business growth markets areas 6
Slide 7: Strategy and New Business Development
Strategy and New Business Development Nick Garner Group Director, Corporate and Strategic Development
Slide 8: Introduction to Johnson Matthey New Business Development
Introduction to Johnson Matthey New Business Development Update Insight Explain Details on New Business into the New Business key growth of our work on: Development Development process opportunities Air Purification, progress Advanced Packaging, Water Purification and Battery Technology 8
Slide 9: Strategic Direction to 2020
Strategic Direction to 2020 New Business Development Objectives: • Create new divisions with sales of more than Delivering £200m in 10 years superior long term growth • Looking at areas peripheral to main operating through technology business focus leadership • Building on core competences of JM but
Slide 10: Global Drivers Impacting the Chemical Industry
Global Drivers Impacting the Chemical Industry Pgm catalysts Emission Obscuration APIs Medical control Automotive Electronics enamels components catalysts Pharma‐ Agricultural Petrochemic Population ceuticals Chemicals Ammonia ‐al catalysts Bulk Growth synthesis and Fine Pgms Construction nitric aci
Slide 11: JM Technology Competences
JM Technology Competences Designing advanced materials at the atomic scale to deliver real life solutions Modelling Pgm and base metal chemistry Surface Character Synthetic science ‐isation Chemistry ADVANCED MATERIAL DESIGN Specialist Manufacture technology at scale expertise Integrating • Sustaina
Slide 12: New Business Development Process
New Business Development Process Market focused research in promising areas to identify opportunities that would allow JM to build on core competences and other capabilities • Prioritise and scope out opportunities into JM‐specific business propositions • Product / market development through R&D, pr
Slide 13: Developing a Portfolio of Opportunities
Developing a Portfolio of Opportunities Aim is develop high tech, high margin, high growth businesses in developing niche markets • Market research led process filters down a large number of opportunities to specific business propositions • Current examples include: Air Advanced Water Battery Purifi
Slide 14: Opportunities in Air Purification, Advanced Packaging and Water Purification
Opportunities in Air Purification, Advanced Packaging and Water Purification Roanna Doe Group Corporate Development Director
Slide 15: Opportunities in Air Purification
Opportunities in Air Purification Population Growth Health & The Opportunity: Nutrition Urbanisation Ageing • Extension of JM’s existing air purification activities Increasing Wealth Population • Driven by: Environmental • Increasing air quality concerns Factors Natural Climate • Greater energy effi
Slide 16: Opportunities in Air Purification
Opportunities in Air Purification Modelling Pgm and base metal The Offering: chemistry Surface • Current technologies focus on trapping particles Character Synthetic science ‐isation Chemistry • Demand for: Manufacture ADVANCED MATERIAL DESIGN Specialist • gaseous pollutant removal technology at sca
Slide 17: Advanced Food Packaging
Advanced Food Packaging Population Growth Health & The Opportunity: Nutrition Urbanisation Ageing • Extension of JM’s existing activities in this area Increasing Wealth Population • Driven by: Environmental • Consumer demand Natural Factors Natural Resource Climate • Need to minimise food loss level
Slide 18: Advanced Food Packaging
Advanced Food Packaging Modelling Pgm and base metal The Offering: chemistry Surface • Technologies to manage gas levels Character Synthetic science ‐isation Chemistry • Integrated solutions v • Regulation compliance ADVANCED MATERIAL DESIGN Specialist Manufacture technology at scale expertise Integ
Slide 19: Water Purification
Water Purification Population Growth Health & The Opportunity: Nutrition Urbanisation Ageing • Removal of problematic pollutants from water Increasing Wealth Population • Regulators supportive of proven, cost effective technologies Environmental Natural Factors Natural Resource Climate Resource Cons
Slide 20: Water Purification
Water Purification Initial focus Toxic Metals: • Remove to lower levels from wider range of sources • Potential for JM to add value • Collect in non‐hazardous form • Support regulatory requirements • Adapt JM’s existing scavenging technologies Organic Chemical Pollutants: • Limits to current technol
Slide 21: Water Purification
Water Purification Modelling Pgm and base metal The Offering: chemistry Surface • Advanced material solutions for difficult to remove pollutants Character Synthetic science ‐isation Chemistry • Initially adapt existing JM technologies Manufacture ADVANCED MATERIAL DESIGN Specialist • Supports high m
Slide 22: Opportunities in Battery Technology
Opportunities in Battery Technology Martin Green Group Strategic Development Director
Slide 23: Batteries
Batteries Population Growth • Electrification of vehicle powertrains a growing trend Urbanisation • Supported by major global drivers Increasing Wealth • Electrification places new demands on the vehicle system: Environmental • Energy efficiency Factors Natural Natural • Heat utilisation Resource Cl
Slide 24: Battery Materials
Battery Materials Electric Vehicle Battery Requirements(2) • Many types of EV from start / stop hybrid to 2,000 fully electric vehicles HEV PHEV BEV 1,800 • Each with different energy requirements Japan EV targets Power = Battery Pack Power Density / Wkg‐1 2030 • Rapidly growing market for EVs 1,600
Slide 25: What is Johnson Matthey Doing?
What is Johnson Matthey Doing? Modelling Pgm and base metal • Battery Technologies group formed in 2012 chemistry • Focus on advanced materials and applications engineering for high Surface Character ‐isation Synthetic Chemistry science performance battery systems ADVANCED MATERIAL • Building a new
Slide 26: Acquisition of Axeon
Acquisition of Axeon • Leading developer of battery systems for high performance applications • Application analysis and design • Cell selection and pack engineering • Assembly and supply • Cell agnostic strategy, working with many different cell chemistries and vendors • Revenue of ~£60m p.a., manu
Slide 27: Translating Vehicle Requirements into System Design
Translating Vehicle Requirements into System Design OEM Customer Battery Management System Validate Detailed Safety System Control Specification Cell Testing Design Integration Software 27
Slide 28: Axeon
Axeon Integration • Initial integration programme complete • Continuing to deliver on growth plan • Automotive and portable power • Synergies already showing • Technology exchanges • JM materials characterisation capability • Investment to support growth of the business Axeon is already accessing JM
Slide 29: Battery Technology Summary
Battery Technology Summary Axeon has delivered: Next steps: • Existing revenue stream and good growth • Refine and developing the broader JM prospects in automotive materials plan for batteries • Window on Li‐ion technology landscape • Improved Li‐ion technology • Deep understanding of battery • Nex
Slide 30: Strategy and New Business Development
Strategy and New Business Development Nick Garner Group Director, Corporate and Strategic Development
Slide 31: Developing a Portfolio of Opportunities
Developing a Portfolio of Opportunities Aim is to develop high tech, high margin, high growth businesses in developing niche markets • Market research led process filters down a large number of opportunities to specific business propositions. Examples discussed: Air Advanced Water Battery Purificati
Slide 32: JME)
JME) Johnson Matthey
Slide 33: Opportunities in Emission Control Technologies
Opportunities in Emission Control Technologies John Walker Division Director, Emission Control Technologies
Slide 34: Agenda
Agenda 01 Overview and Strategy John Walker 02 Introduction to Emission Control Technologies (ECT) 03 Recap of Global Drivers for the Chemical Industry 04 The Light Duty Catalyst Market i. Vehicle Production ii. Legislation iii. Technology and Revenue Implications iv. Powertrain Trends v. Market Pos
Slide 35: Overview
Overview Showcase Detail Highlight Explain the exciting growth the market, legislative the expected growth how R&D and strong opportunities in and technology drivers in our markets customer relationships emission control of the business over the next will drive our future catalysts decade growth £ 3
Slide 36: Emission Control Technologies' Strategy
Emission Control Technologies’ Strategy Maintain differentiation through technology A deep understanding of our markets and by investing in R&D customers • High performance catalysts • Materials science and manufacturing Manufacturing Excellence Deliver superior growth • Optimum efficiency • Markets
Slide 37: Overview of ECT
Overview of ECT • Global leader in emission control • HDD business now 33% of sales • Extensive operations across the globe • Legislation drives value growth with • Sales growth of 187% over 10 years to more new opportunities £1.5 billion (11% CAGR) Light and Heavy Duty Catalyst Sales by ~4,800 Empl
Slide 38: ECT's Global Network
ECT’s Global Network Royston, UK Gothenburg, Sweden Krasnoyarsk, Russia Detroit, USA Sonning, UK Redwitz, Germany Smithfield, USA Wayne, USA Macedonia Seoul, Korea Kitsuregawa, Japan Shanghai, China Queretaro, Mexico Delhi, India Kuala Lumpur, Malaysia Curitiba, Brazil Germiston, RSA Pilar, Argentin
Slide 39: Global Drivers Impacting the Chemical Industry
Global Drivers Impacting the Chemical Industry Pgm catalysts Emission Obscuration APIs Medical control Automotive Electronics enamels components catalysts Pharma‐ Agricultural Petrochemic Population ceuticals Chemicals Ammonia ‐al catalysts Bulk Growth synthesis and Fine Pgms Construction nitric aci
Slide 40: The Light Duty Catalyst Market
The Light Duty Catalyst Market • Market Growth Drivers i. Vehicle Production ii. Legislation iii. Technology and Revenue Implications iv. Powertrain Trends • Market Position • Market Growth 40
Slide 41: Light Duty Vehicle Production to Grow – Shift to Asia
Light Duty Vehicle Production to Grow – Shift to Asia Global megatrends support increasing vehicle production million 120 CAGR 3.6% 107.9 100.7 100 97.3 92.6 87.6 81.2 82.8 80 CAGR 4.3% 60 56.8 50.4 52.5 47.5 44.7 40.6 41.9 CAGR 2.6% 40 CAGR 2.1% 21.3 22.2 23.4 17.5 17.6 18.1 19.0 18.7 19.4 20.3 20
Slide 42: New and Tighter Regulations Across the World
New and Tighter Regulations Across the World 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 USA Tier II USA (CARB) LEV II LEV III EU Euro 5 –Euro brought 5 CSF Euro 6b – brings Euro 6bNOx control Euro 6cEuro – drives 6c GPFs Russia Euro 3 Euro 4 Euro 5 Japan Japan 2009 China Euro 4 Euro 5 (e
Slide 43: Revenue Implications of New Legislation and Technologies
Revenue Implications of New Legislation and Technologies LD Diesel Euro 5 Euro 6b • Passenger cars September 2014 • LCV < 1305kg, September 2014 • LCV > 1305kg September 2015 • Dates apply to new models Euro 5 CCRT Euro 6b SCRT NOx control • Existing models are one year later £££££ ££££££ LD Gasol
Slide 44: Trends in Powertrain Mix in the Medium Term
Trends in Powertrain Mix in the Medium Term Diesel maintains high market share in Europe, ZEV share remains small Percentage of Diesel • Diesel remains a European phenomenon 60% Western • Slight decline in diesel share as efficient small 50% Europe gasoline engines become more popular 40% Asia 30% U
Slide 45: JM Global Market Position
JM Global Market Position JM global share of supply stable at circa 30% Russia #1 Europe #1 North America #2 Japan / Korea #3 China #1 India #1 SE Asia #1 South America =#1 • #1 position in highest value European market • #1 in new growth areas inc. SE Asia and • #1 in China – 47% of forecast global
Slide 46: Strong Sales Growth Continues in Light Duty
Strong Sales Growth Continues in Light Duty • Market size $6bn by 2015 and $8bn by 2020 9,000 • European diesel remains the main value driver CAGR 5.4% 8,000 • Euro 6 and GPFs provide opportunities in Europe 7,000 • Asian car sales growth adds further 6,000 opportunity Sales ex pms $m 5,000 4,000 3,
Slide 47: The Heavy Duty and Non-road Catalyst Market
The Heavy Duty and Non‐road Catalyst Market • Market Growth Drivers i. Vehicle Production ii. Legislation iii. Technology and Revenue Implications • Market Position • Market Growth 47
Slide 48: Heavy Duty Vehicle Regulated Engines
Heavy Duty Vehicle Regulated Engines Volatile, sensitive to global economy. Asian regulations imminent Thousands 4,500 CAGR 13.9% 4,145 4,000 3,510 3,500 CAGR 24.3% 3,120 3,000 2,670 2,680 2,500 2,240 2,030 1,940 2,000 CAGR 6.7% 1,530 1,460 1,620 1,500 CAGR 3.1% 890 930 1,000 740 640 700 630 520 510
Slide 49: Heavy Duty Diesel: Global Regulatory Introductions
Heavy Duty Diesel: Global Regulatory Introductions New and tighter regulations will continue to drive catalyst demand 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 ON ROAD Europe EU V Euro VI – EU VI requires filters EU VII? North America EPA10 GHG Regulation Japan JP 09 JP 16 South Korea E
Slide 50: Increased Value with Tightening Regulations
Increased Value with Tightening Regulations Engine management and emission control trade offs Alternative choices but increasing catalyst value per vehicle DOC SCR CRT®/CCRT® SCRT® US 04 Euro IV, Euro V US 07 US 2010 Retrofit Tier 4a, Tier 4b Tier 4a Euro VI Tier 4a Emerging Markets Tier 4b JP 09 £
Slide 51: JM Global Market Position
JM Global Market Position Expect >50% share of global supply (inc. China and India) to be maintained Europe #1 North America #1 Japan / Korea #3 China = #1 India #1 South America #1 Non‐road #1 • Clear #1 position in North America and Europe • China more closely fought with local catalyst • Japan an
Slide 52: A $2.1bn Market by 2015, Growing to $3.0bn by 2020
A $2.1bn Market by 2015, Growing to $3.0bn by 2020 • Euro VI major contributor Sales ex pms $m • Growth in China as more 3,500 Non‐road, <56kW vehicles become regulated CAGR 2012 – 2020 Non‐road, 56‐130kW 17.3% • Non‐road sector adds value 3,000 Non‐road, 130‐560kW Brazil • JM prior estimate revised
Slide 53: Key Takeaways
Key Takeaways… Growth in all Legislative tightening Many opportunities JM continues to invest our markets continues to develop and derive ahead of growth deliver value value from innovative opportunities. ECT’s capex technologies reduces to around 1x Strong position in Margins stable Double digit gr
Slide 54: Light Duty Aftertreatment Technology
Light Duty Aftertreatment Technology Dr Chris Morgan Technology Director, Emission Control Technologies, Europe
Slide 55: Agenda
Agenda Light Duty Aftertreatment Technology 01 Opportunities for New Technology 02 Diesel i. Selective Catalytic Reduction (SCR) ii. NOx Adsorber Catalysts (NAC) iii. SCR on a Filter (SCRF®) 03 Gasoline i. Gasoline Particulate Filters (GPF) ii. LEV lll 04 CO2 Regulations 05 Real World Emissions 55
Slide 56: Key Legislation Changes in Light Duty
Key Legislation Changes in Light Duty • Lower Diesel NOx limit for Euro 6 (2014/15) • Reduces from 180 to 80mg/km • Gasoline Particulate Number Control for Euro 6 • Limit reduces from 6x1012 to 6x1011/km in 2017/18 • Real World Driving Emissions (RDE) • Proposed to reduce off‐cycle emissions in Euro
Slide 57: New Product Opportunities
New Product Opportunities Diesel NOx control • Widespread adoption of SCR and NAC • Integration onto particulate filter – SCRF® • Multifunctional filters – ammonia (NH3) slip, hydrogen sulfide (H2S) attenuation Gasoline particulate number • Introduction of coated gasoline particulate filters – Three
Slide 58: Diesel NOx Control
Diesel NOx Control Selective Catalytic Reduction (SCR) NOx Adsorber Catalysts (NAC) • Metal‐zeolite based catalyst • Pgm based catalyst • Low pgm loading (slip catalyst only) • Requires fuel addition, hence penalty on fuel • Requires urea injection system, with tank, doser consumption and injector s
Slide 59: Integration of SCR and Soot Filter – The SCRF
Integration of SCR and Soot Filter – The SCRF® The next step for diesel NOx control • SCRF® allows improved thermal management of catalyst on vehicle • Technically very demanding system • May require additional SCR / ammonia slip catalyst (ASC) to maximise NOx conversion UREA • Delivers performance
Slide 60: Gasoline Particulate Filters
Gasoline Particulate Filters • Alignment of Euro 6 particulate number legislation for gasoline and diesel • Expected introduction with Euro 6c in 2017/18 • Not expected outside Europe until post 2020 Around 6 trillion particles emitted per kilometre • Ultrafine particles can penetrate deep into the
Slide 61: Key Legislation Changes Outside Europe
Key Legislation Changes Outside Europe In US LEV III forces lower fleet average emissions • More vehicles to be certified as SULEV 20 and SULEV 30 • Little change to catalyst system in next five years US ‘Clean Diesel’ is an opportunity for growth • Especially due to close partnerships with key Euro
Slide 62: CO2 Regulations Provide Further Opportunities
CO2 Regulations Provide Further Opportunities • CO2 – indicative of fuel efficiency Powertrain Additional • EU: 130g CO2/km by 2012; 95g CO2/km by 2020 Development Catalyst Value • USA 233g CO2/mi by 2012; 131g CO2/mi by 2025 Smaller powered engines • A product of combustion Hybrid • Cannot be catal
Slide 63: Real World Emissions
Real World Emissions • Confirmation of European legislation expected in 2013 • Will require more robust catalyst systems to ensure emissions compliance over wider window of operation Key challenges: • High speed diesel NOx control • Passive SCR behind NOx adsorber catalyst? • Low speed emissions • C
Slide 64: Further Improvement of Current Technologies
Further Improvement of Current Technologies Key to continue development of existing TWC and DOC technologies • Increased durability • Reduced light‐off temperatures • Reduced pgm content and optimised pgm ratios • Reduced rare earth content Enables JM to supply better value products to OEMs • Protec
Slide 65: Emissions Control for Light Duty Vehicles
Emissions Control for Light Duty Vehicles • Vehicle production continues to grow • Exciting opportunities in diesel NOx control particularly in Asia • SCR, NAC and SCRF® • Tighter legislation will necessitate advanced and • Exciting opportunities in gasoline particulate more complex catalyst systems
Slide 66: Emissions Control for Heavy Duty Vehicles
Emissions Control for Heavy Duty Vehicles Dr Andy Walker Technology Director, HDD
Slide 67: Agenda
Agenda Emissions Control for Heavy Duty Vehicles 01 Heavy Duty Diesel (HDD) Technology Trend 02 Key Legislative Changes and Implications 03 CO2 and Fuel Economy Regulations 04 Potential Future Regulations 05 New Product Opportunities 06 Other Powertrains 67
Slide 68: HDD Technology Trend: Multifunctional Systems
HDD Technology Trend: Multifunctional Systems Complex systems with multiple catalyst components required to meet advanced legislation DOC – Diesel Oxidation Catalyst • Removes CO and HC ASC • Oxidises fuel to drive active filter regeneration SCR • Converts some NO into NO2 CSF – Catalysed Soot Filte
Slide 69: Key Legislative Changes and Implications
Key Legislative Changes and Implications On road • 80% reduction in NOx limit + introduction of particle 0.03 number legislation for Euro VI (2014) JP 05 DOC CSF SCR ASC on all HDD on road vehicles 0.025 Emissions Reductions PM Emissions (g/kW‐hr) in Developed Markets • Introduction of GHG‐based reg
Slide 70: Key Legislative Changes and Implications
Key Legislative Changes and Implications Non‐road • Aligned standards in Europe, North America and Japan • 80% reduction in NOx limit for Tier 4b (2014) • Optimised SCR systems required • No particle number limit • Filters not required to meet the non‐road Tier 4b regulations • SCR is required; typi
Slide 71: CO2 and Fuel Economy Regulations
CO2 and Fuel Economy Regulations • Japan tax incentives for fuel efficient vehicles • North America’s EPA recently announced GHG and fuel economy regulations • Introduces CO2, CH4 and N2O regulations for the first time – targeting global warming • Active discussions on CO2 regulation for HDD in Euro
Slide 72: Potential Future Regulations
Potential Future Regulations • Potential introduction of N2O and CH4 regulations outside Map of NO2 concentrations in London North America • Potential introduction of NO2 regulations • Major focus in urban areas to improve urban air quality • Expected introduction of particle number regulations • In
Slide 73: Current R&D Priorities and Focus
Current R&D Priorities and Focus New product opportunities Gen 5 Gen 4 Gen 3 Gen 2 100 Extruded catalysts for optimised low NOx Conversion (%) 80 Activity temperature performance Increase 60 • Enables performance increase and / or 40 volume reduction 20 0 175 200 275 525 Temperature (oC) Cold Start
Slide 74: Other Powertrains
Other Powertrains Natural gas and hybrids • Potential of natural gas (NG) powered HDD vehicles, especially in North America • NG currently lower cost than diesel • Potential concerns include higher truck prices, future pricing of NG, methane losses leading to GHG concerns • NG powered vehicles requi
Slide 75: Emissions Control for Heavy Duty Vehicles
Emissions Control for Heavy Duty Vehicles • Vehicle and engine production continues to grow worldwide • Tightening legislation in the developed markets (Europe, North America, Japan) moves all on road and non‐road engines to complex catalyst systems • Incoming legislation in very large Chinese and I
Slide 76: Opportunities in Emission Control Technologies
Opportunities in Emission Control Technologies John Walker Division Director, Emission Control Technologies
Slide 77: Key Takeaways
Key Takeaways… Growth in all Legislative tightening Many opportunities JM continues to invest our markets continues to develop and derive ahead of growth deliver value value from innovative opportunities. ECT’s capex technologies reduces to around 1x Strong position in Margins stable Double digit gr
Slide 78: JME
JME Johnson Matthey
Slide 79: Tour of the Royston Facility
Tour of the Royston Facility Dr David Prest Managing Director, Emission Control Technologies, Europe
Slide 80: ECT Royston Operations
ECT Royston Operations Plant Location: • Royston, Hertfordshire, England Operating Region: • European Start of Operations: • April 2001 Accreditations: • ISO/TS 16949 / ISO 14001 Site Capacity: • CSF + flowthrough catalysts 80
Slide 81: Site Overview
Site Overview Headquarters UME Johnson Matthey 81
Slide 82: The Structure of an Autocatalyst
The Structure of an Autocatalyst JM Formulation Washcoat Chemical solution adhering Active components to the substrate walls and Platinum group metals (pgms) providing high surface area to pgm SUBSTRATE WALL Washcoat: SUBSTRATE WALL Coated substrate SUBSTRATE WALL 82
Slide 83: Process Overview
Process Overview Raw Materials Washcoat Preparation Coating Process + water milling Oxide powders Washcoat slurry Pgm salts Substrate Catalyst coating Coating Base metal salts Drying Firing Inspection labelling / boxing Substrate PROCESS 1 PROCESS 2 83
Slide 84: Technology Centre
Technology Centre Product Development Catalyst Assessment Catalyst Characterisation Vehicle Testing Engine Testing 84
Slide 85: Plant Tour
Plant Tour Safety instructions To ensure your safety please stay on the green routes when touring the factory If the fire alarm rings continuously please follow your guide to the FIRE ASSEMBLY POINT Security Request that phones and other recording devices are left in the conference room 85
Slide 86: JME)
JME) Johnson Matthey
Slide 87: Closing Remarks
Closing Remarks Neil Carson Chief Executive
Slide 88: Summary
Summary A world leading Success founded on Differentiation through technology company continued investment in technology R&D and product development Proven strategy in place Well positioned in Delivers value to develop new business growth markets areas 88
Slide 89: Conclusions
Conclusions Well positioned for future growth New Business Development Emission Control Technologies • Developing a portfolio of opportunities • Good growth opportunities in all our markets • Good fit with JM technology competences, • Legislation and technology continues to drive supported by global
Slide 90: JME)
JME) Johnson Matthey
Slide 91: JM Executive Board
JM Executive Board Neil Carson Robert MacLeod Chief Executive Group Finance Director Larry Pentz Bill Sandford Executive Director Executive Director Environmental Technologies Precious Metal Products 91
Slide 92: Presentation Team
Presentation Team Nick Garner Roanna Doe Martin Green Group Director Group Corporate Development Group Strategic Development Corporate and Strategic Director Director Development Dr Chris Morgan John Walker Dr Andy Walker Technology Director Division Director Global Technology Director Emission Cont
Slide 93: Other Senior Management
Other Senior Management Lawrence Berns Simon Christley David Clark Managing Director Division Finance Director Business Development Director Axeon Environmental Technologies Emission Control Technologies Kevin Donegan Alan Myers Don Newton Commercial Director President Global Technology Director Lig
Slide 94: Glossary
Glossary API Active pharmaceutical ingredient EU European Union ASC Ammonia slip catalyst EV Electric vehicle (HEV, PHEV or BEV) BEV Battery electric vehicle GHG Greenhouse gas C2H4 Ethylene GPF Gasoline particulate filter CAGR Compound annual growth rate H2 Hydrogen CARB California Air Resources Bo
Slide 95: Glossary
Glossary N2 Nitrogen PN Particle number N2O Nitrous oxide R&D Research and development NAC NOx adsorber catalyst RDE Real world driving emissions NG Natural gas ROW Rest of the world NH3 Ammonia RSA Republic of South Africa Ni‐Cd Nickel‐cadmium, a type of battery cell chemistry SCR Selective catalyt
Slide 96: JME)
JME) Johnson Matthey