BABCOCK INTERNATIONAL GROUP
CAPITAL MARKETS DAY 2024
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Ïã¸ÛÁùºÏ²ÊÖÐÌØÍø is an international defence, aerospace and security company providing support and product solutions to enhance our customers’ defence capabilities and critical assets
Key messages
Strong embedded position
- Around 70% defence revenue (HY24)
- Critical supplier to governments
- Complex programme delivery
- Customer intimacy
- Deep platform knowledge
- Engineering know-how
- Product development capability
Positioned to grow
- £9.6bn contract backlog (HY24)
- Supportive markets: military capability vs fiscal constraints
- Differentiated proposition delivering availability, affordability and capability
- Partnerships and collaboration
Improving margins and cash flow
- Contract terms and discipline
- Enhanced operational, programme and technical risk management
- Operational risk management
- Unwind of legacy contracts
Our differentiated proposition
Ïã¸ÛÁùºÏ²ÊÖÐÌØÍø combines extensive experience of customers’ assets in operation with strong engineering know-how and highly collaborative customer relationships
This highly differentiated proposition enables us to deliver complex product and service solutions which meet our key customer requirements of availability, affordability and capability
Medium term guidance
Organic growth
Mid-single digit
Margin
≥8%
Cash conversion
≥80%
Videos
What we do matters
1:53
Our people
3:16
Devonport now and future
3:09
Devonport virtual tour
Our Devonport Royal Dockyard facility is co-located with HM Naval Base Devonport and forms the largest naval support site in Western Europe.
Take our virtual tour to learn more about the site and some of the important work we do there.
View virtual tourVirtual exhibition
Our Capital Markets Day event showcased a number of our key strategic programmes and initiatives, with attendees able to talk to our employees and view demonstrations at our on-site exhibition. To learn more about these initiatives, take a look at the information and videos in our virtual exhibition, below.
People – Investing for the future
Enabling knowledge transfer to future generations of employees
Engineering Capability
Diverse engineering projects across Ïã¸ÛÁùºÏ²ÊÖÐÌØÍø provide opportunity for broad engineering capability development of staff
We operate across different phases of the engineering lifecycle – early design and integration, production and into support and asset management
Early Careers
Today we have 1,500+ people on Early Careers programmes
Annual intake of c.600 apprentices and graduates in FY24, 39% up vs FY23
Additional ‘Train to Fit’ programme accelerates the development of motivated individuals for high demand roles
Ïã¸ÛÁùºÏ²ÊÖÐÌØÍø Role Framework
Ïã¸ÛÁùºÏ²ÊÖÐÌØÍø role framework provides all employees with greater visibility of career pathways and greater equality of opportunity
Enhances the mobility of our engineers so that their capability can be deployed and developed across the business
Ïã¸ÛÁùºÏ²ÊÖÐÌØÍø Skills Academy
Developing complex skills for deep submarine maintenance through the Ïã¸ÛÁùºÏ²ÊÖÐÌØÍø Skills Academy
2,000+ people expected to flow through in its first three years and 10,000+ over the next five years
Ambition to broaden beyond a focus on nuclear skills
Engineering and Nuclear Skills
Supporting the national skills agenda through the UK Nuclear Skills Taskforce and Defence Supplier Forum
Member of the AUKUS workforce alliance through our partnership with HII and three Australian Universities
MoU with the University of Adelaide