Profile
Imerys extracts, transforms, develops and combines a unique range of industrial minerals to provide functionalities that are key to its customers' products and production processes.
7.6%
Portfolio value 09/30/2023
18.2%
Net dividend 12/31/2022
Investment case
The growing market for mineral-based specialty solutions is benefiting from structural advantages:
- Attractive long-term growth underpinned by key megatrends: green mobility & renewable energy, sustainable construction and natural solutions for consumer goods
- Specialty mineral solutions which add essential properties to customers' products
- Strong pricing power, enabling fluctuations in input costs to be passed through
- Limited substitution risk, notably as these specialty minerals only represent a small fraction of customers’ total costs
Imerys has an attractive profile:
- #1 or #2 position in almost all its markets
- Transformation toward a more customer-centric organization, aimed to accelerate organic growth and improve profitability (through portfolio rotation & strategic growth projects)
- Potential to become over the medium term one of the primary European lithium suppliers, thereby enabling them to become a key player in the energy transition
- Resilience of the business model, further augmented by GBL’s support as a stable reference shareholder with a long-term investment horizon
- Diversity in terms of geographies and customers’ end-markets
- Strong cashflow generation in support to external growth
-
-
Board of Directors 3/12*
-
Strategic Committee 2/5*
-
Audit Committee 1/4*
-
Appointments Committee 1/3*
-
Compensation Committee 1/4*
- Board of Directors Strategic Committee
- Board of Directors Strategic Committee Appointments Committee Compensation Committee
- Board of Directors Audit Committee
* Number of GBL's representatives in statutory bodies in relation to the total number of members. Governance information is dated 06/30/2023, except where superseded by more recent public disclosures.
Data center