Chairman's Statement Jeff Harris

"I continue to be impressed by the underlying strength of our businesses, and by the commitment both to improving productivity and new product innovation so as to add value to our customers. "

Revenue£m

Revenue
Title Value
20071,620
20082,203
20091,961
20102,546
20112,826

Trading profit£m

Trading profit
Title Value
2007170
2008216
2009112
2010252
2011290

Return on sales%

Return on sales
Title Value
200710.5
20089.8
20095.7
20109.9
201110.3

Chief Executive's Statement Nick Salmon

"Continued market penetration of newly-developed products and the further expansion of our presence in developing markets have positioned our business favourably to benefit from the growth in our main end-markets."

2011 Net sales value by division

2011 Net sales value by division
Title Value
Engineered Ceramics75%
Performance Materials19%
Precious Metals Processing6%

2011 Trading profit by divisionbefore central corporate costs

2011 Trading profit by division
Title Value
Engineered Ceramics65%
Performance Materials33%
Precious Metals Processing2%

2011 Revenue by end-marketincluding Precious Metals Processing at NSV

2011 Revenue by end-market
Title Value
Steel Production36%
Electronics24%
Foundry Castings20%
Other Industrial15%
Jewellery5%

2011 Revenue by customer location

2011 Revenue by customer location
Title Value
Europe35%
Asia-Pacific32%
NAFTA23%
Rest of the World10%

2011 Revenue by operating location

2011 Revenue by operating location
Title Value
Europe38%
Asia-Pacific29%
NAFTA24%
Rest of the World9%

2011 Trading profit by operating location

2011 Trading profit by operating location
Title Value
Asia-Pacific41%
Europe31%
NAFTA16%
Rest of the World12%