Chairman's Introduction

Ron Marsh

I am delighted to present the Polypipe 2017 Annual Report and Accounts following another excellent year for the Group.


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Chief Executive Officer's Review

Martin Payne

In my first review since appointment as Chief Executive Officer, I am pleased to report that Polypipe has delivered another record performance in 2017.


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Chief Financial Officer's Report

Paul James

Group revenue at £411.7m was 6.3% higher than the prior year.


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Highlights

Financial Highlights

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Operational Highlights

Our Investment Case

Building from a position of market leadership in the UK, where the Company is the largest plastic piping systems manufacturer (by sales volume) and largest light commercial ventilation manufacturer, Polypipe continues to invest in order to maintain and develop its position as a leader in the management and movement of air and water. This investment and scale provides both operational efficiency and considerable economic reach to serve the broadest range of customers.

Based on a core offer of plastic piping, supported by complete system performance design, incorporating engineered in-house manufactured fittings and ancillaries, Polypipe is uniquely placed to offer a differentiated total solution to those from other plastic pipe manufacturers. It is able to pursue significant growth opportunities by developing effective solutions to new and emerging legislation, in addition to providing customers with a high performance alternative to pipes manufactured from legacy materials such as clay, copper and concrete in each of the sectors the Company serves. In this way, Polypipe’s sales growth has consistently outperformed the construction market.

Polypipe’s focus on value addition through engineered solutions, its above-market growth and its commitment to investment leverages an existing operational footprint to generate incremental profitability, which allows Polypipe to deliver a strong and resilient financial performance.

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Our Vision and Strategy

Our Vision

To be the leading provider of sustainable and resilient water and climate management solutions for the built environment

Footprint Water

We will do this by building a world-class sustainable business and by leveraging our core UK competencies across key markets around the world.

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Our Strategic Objectives

1SUSTAINABLE WATER MANAGEMENT SOLUTIONS

2SUSTAINABLE CLIMATE MANAGEMENT SOLUTIONS

3LEGACY MATERIAL SUBSTITUTION

4PROPOSITION AHEAD OF LEGISLATIVE TAILWINDS

5GEOGRAPHIC REACH

6COMPLEMENTARY ACQUISITIONS

7CONTINUOUS INVESTMENT IN PROCESSES AND EFFICIENCY INITIATIVES

Our Sustainable Journey


Sustainable
Inputs



Sustainable
Processes


Man and moulder

Sustainable
Materials



Sustainable
Solutions


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