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RNS Number : 0568W Victrex PLC 24 September 2026 24 September 2026 Summary Victrex plc ( " Victrex " , " Company " or the " Group " ) UNLOCKING VICTREX'S POTENTIAL Victrex is hosting a Capital Markets Event today . During this event , our senior leadership team will provide an update on the progress we are already making to turn around Victrex , our medium - term transformation strategy and financial framework . We will be providing detail on the following key areas of our value proposition : PEEK is a compelling growth market in which Victrex is the global leader We have unique and sustainable competitive advantage in PEEK We have a clear strategic plan focused on three priorities - Transform , Grow and Optimise - that are driving performance today and positioning us for long - term profitable growth Over the next five years , we are targeting : ○ Mid single digit organic revenue CAGR 。 c.50 % gross margin and mid - 20s operating margin by FY31 primarily achieved through self help actions о Over 90 % average annual operating cash conversion [ 1 ] including maintaining total capex at c.5-8 % of annual revenues and strong and improving working capital ○ Approximately £ 250m of cumulative levered free cash flow [ 2 ] , of which at least 75 % will be returned to shareholders under our new disciplined capital allocation policy based on maintaining leverage of < 1x net debt / EBITDA о Includes an ordinary dividend of 30 pence per share in respect of FY26 , with a final dividend of 16.58 pence per share Together , this underpins a compelling proposition to drive sustainable and significant value creation for Victrex shareholders over the medium term . PEEK is a compelling growth market in which Victrex is the global leader Victrex invented and is the global market leader in PEEK [ 3 ] , a semi - crystalline polymer with a unique combination of high mechanical strength , high temperature capability and best - in - class chemical , wear and fatigue resistance . These exceptional performance characteristics provide PEEK with structural competitive advantages in manufacturing the most mission critical and highly certified products across multiple high value industries . We expect global PEEK volumes to grow at a c.5 % CAGR over the next five years , driven by a combination of underlying growth across key end markets ( Aerospace & Defence , Automotive , Electronics , Energy & Industrial and Medical ) and increasing penetration of PEEK within existing and new applications . We are strongly positioned to capture this growth given our market leading position . Victrex has unique and sustainable competitive advantages in PEEK We have strong foundations and sustainable competitive advantages to win in the global PEEK market . We are the market leader in PEEK with over 45 % share by volume , representing more than double the level of our next largest competitor . Our leadership is underpinned by the unique properties of our PEEK offering relative to the market , including higher load bearing capacity , faster processing times and higher durability levels . Additionally , our vertically integrated and predominantly Western - based manufacturing footprint and deep applications engineering expertise offer security of supply and quality for our longstanding customers in regulated and protected markets . These competitive advantages create high and durable barriers to entry , with c.90 % of Group revenue protected from Asian competition that remains largely focused on domestic lower grade opportunities in a market where we continue to grow strongly , with a 17 % CAGR in China over the past decade . Clear strategic plan focused on three core priorities : Transform , Grow and Optimise