Investment Case

Why invest?

PZ Cussons is a branded consumer goods business with a clear strategy to create sustainable shareholder value. After a period of significant change and targeted investment in capabilities, the Group is well positioned to deliver growth through its portfolio of locally‑loved brands, proven in‑market capabilities and disciplined capital allocation. In this video, our CEO outlines the strategic progress we have made, the strengths of our business model and the reasons we believe PZ Cussons represents a compelling investment opportunity.
Our strategy

The five components
To our investment
Case

We’re well placed to create sustainable shareholder value, targeting double-digit total shareholder return through the cycle through growth in EPS and a progressive dividend payment.

1. Locally-loved BRANDS

Brands are the foundation of our business. Our locally-loved brands have significant and cultural relevance in their home market with New Product Development based upon local insights.

Our brands

2. Proven CAPABILITIES

In our four lead markets, we have proven go-to-market capabilities and manufacturing scale. These provide us with the right to win against both larger multinationals and smaller but more agile local players.

Our strategy

3. Balanced Portfolio

We have focused our business, and our portfolio has a natural balance, split between developed markets and emerging markets - each playing their own role in delivering for the Group overall.

Our strategy

4. Clear Capital Allocation policy

We will maintain a strong balance sheet, with target leverage of 1.0x to 1.5x net debt/EBITDA and pay a progressive dividend. We will target bolt-on acquisitions in the UK and ANZ, and these will be assessed against the potential for cash returns to shareholders.

Latest results

5. Revenue and profit growth

Our financial algorithm sees mid-single-digit like for like revenue growth and continued productivity gains drive high-single digit EPS growth (reported FX).

Latest results

USEFUL LINKS

DIVIDENDS

FINANCIAL CALENDAR

REGULATORY NEWS

ANNUAL GENERAL MEETING

INVESTOR FAQ

ANALYST COVERAGE

INVESTOR RELATIONS CONTACTS

Simon Whittington

Investor Relations & Corporate Development Director
PZ Cussons, Manchester Business Park, 3500 Aviator Way, Manchester, M22 5TG
+44 (0)161 435 1000
Email

Kareem Moustafa

General Counsel and Company Secretary
PZ Cussons, Manchester Business Park, 3500 Aviator Way, Manchester, M22 5TG
+44 (0)161 435 1000
Email

Computershare Investor Services PLC

Registrar
Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY
+44 (0)370 707 1221
Email

Headland

PZ Cussons corporate and financial press enquiries
Susanna Voyle/Charlie Twigg
3rd Floor, One New Change, London, EC4M 9AF
+44 (0)203 805 4822
Email

PRICEWATERHOUSECOOPERS LLP

Auditor
1 Hardman Square, Manchester, M3 3EB
+44 (0)161 245 2500