Why Invest

Specialist manufacturer of complex engine products and superalloys, in capacity-constrained markets

Specialist manufacturer of highly engineered mission-critical precision engine products used in extreme operating environments for global aerospace and industrial gas turbine customers.

One of a very limited number of global-scale suppliers serving a technologically demanding and highly capacity-constrained environment.

High barriers to entry driven by cutting-edge metallurgy and expertise, rigorous OEM qualifications, vertical integration and costly capital equipment

Vertically integrated producer of nickel- and cobalt-based superalloys, combining proprietary metallurgy with specialist engineering expertise to create a significant competitive advantage.

Deep technical knowledge, long-standing OEM relationships and rigorous process and part qualifications create barriers to entry that are difficult for subscale suppliers to replicate.

Manufacturing at this level requires large-scale, highly specialised equipment, with long lead times for installation, commissioning, qualification and customer approval.

Well positioned to capitalise on aerospace and IGT super cycles

Positioned to benefit from long-term growth in aerospace and industrial gas turbines, driven by expanding engine fleets, multi-year OEM backlogs and rising demand for critical components.

Selected by global OEMs to supply critical parts for high-growth aerospace and industrial gas turbine engine platforms.

Long-term visible growth drivers accelerated by strategic customer partnerships

Revenue growth is underpinned by multi-year order books, long-term agreements and recurring aftermarket demand.

Strategic customer partnerships with global OEMs expected to deliver > $200 million of incremental annual revenue, supported by customer-backed investment, increased order values and margin-accretive growth; with more partnerships under negotiation.

Further strong margin expansion through operating leverage, value pricing and operational efficiencies

Operating leverage benefits from our revenue growth through investment in our global manufacturing footprint and capacity supported by our margin-accretive strategic customer partnerships.

Additional margin opportunity from improved operational efficiencies coupled with value pricing.

Clear pathway to expand adjusted EBITDA margins towards industry-leading levels.

Significant further value creation opportunities driven by proven team.

Experienced leadership team with a strong track record of execution (18% revenue CAGR and adjusted EBITDA margin increasing from mid-single digits in 2020 to 16.5% in 2025).

Clear value creation plan focused on above-market growth, margin expansion, stronger cash generation and disciplined investment in both organic and bolt-on M&A opportunities.