Capital Markets Day 2024
Who we are
Babcock is an international defence company providing support and product solutions to enhance our customers’ defence capabilities and critical assets
Medium term guidance
Organic growth
Mid-single digit
Margin
≥8%
Cash conversion
≥80%
Presentations
Devonport virtual tour
Our Devonport Royal Dockyard facility is co-located with HM Naval Base Devonport and forms the largest naval support site in Western Europe.
Take our virtual tour to learn more about the site and some of the important work we do there.
View virtual tourVirtual exhibition
Our Capital Markets Day event showcased a number of our key strategic programmes and initiatives, with attendees able to talk to our employees and view demonstrations at our on-site exhibition. To learn more about these initiatives, take a look at the information and videos in our virtual exhibition, below.
Sub Dock
Delivering facilities for the Royal Navy fleet of the future
We are delivering the infrastructure required to support and sustain the UK’s submarines for decades to come.
As part of the major infrastructure programme underway at our Devonport facility, we are delivering substantial upgrades to existing infrastructure that will support the future capability of the Royal Navy and the UK’s Defence Nuclear Enterprise.
The state-of-the-art facilities will support submarine maintenance and include a dock, logistics and modern support facilities, and underpins the wider role we play in sustaining the entirety of the UK submarine fleet.
Learn more
Innovation
Innovating today for a safe and secure tomorrow
The environment in which we operate is becoming increasingly digital, which brings both challenges and opportunities.
As our customers’ assets have grown in complexity, they’re turning to us for their technology solutions. Our experts exert technical authority to make better decisions for, and with, our customers wherever they are in the world.
Whether it’s applying engineering excellence or the latest technology, we combine our expertise with a practical mindset. We’re able to tackle high stakes, complex tasks in the most challenging environments.
Learn more
Skills Academy
Investing in tomorrow’s workforce
We focus on deepening the capabilities that matter to us and our customers; ensuring that we grow, embed and share those capabilities through the talent we have across our business.
With the largest nuclear qualified workforce in the UK, last year we launched the Babcock Skills Academy at Devonport to rapidly get our people ready to deliver the critical capabilities our customers need, both now and in the future.
Our Skills Academy is more than just a training solution, it’s a commitment to our people, our industry and our customer – their mission is our mission.
Learn more
SwarmCore
Cutting-edge communications and control technology
Combining autonomous systems with advanced software that can deal with potential cyber threats could be a gamechanger in the modern defence landscape.
We have developed SwarmCore, our advanced software system made up of multiple networks, which can be used to control single or entire fleets of vehicles such as drones.
For our defence customers, developing technologies like this gives them more control in today’s complex defence environment, increased performance and security along with the ability for their teams to perform tasks remotely with solutions that are quicker and more cost effective to implement.
Learn more
Arrowhead 140
Proven, capable and adaptable
We have a rich history in design, development, and manufacture, from naval architecture to mission-based product solutions for defence and civil customers.
With our platform agnostic approach, from concept to manufacture, the design phase offers many opportunities for the support of future platforms, therefore optimising availability.
We are delivering the next generation of naval and marine vessels, while also ensuring our existing ships remain relevant against today’s threats. Delivering the capability our customers need, available to them wherever, whenever and however they need it.
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People – Investing for the future
Enabling knowledge transfer to future generations of employees
Engineering Capability
Diverse engineering projects across Babcock provide opportunity for broad engineering capability development of staff
We operate across different phases of the engineering lifecycle – early design and integration, production and into support and asset management
Early Careers
Today we have 1,500+ people on Early Careers programmes
Annual intake of c.600 apprentices and graduates in FY24, 39% up vs FY23
Additional ‘Train to Fit’ programme accelerates the development of motivated individuals for high demand roles
Babcock Role Framework
Babcock role framework provides all employees with greater visibility of career pathways and greater equality of opportunity
Enhances the mobility of our engineers so that their capability can be deployed and developed across the business
Babcock Skills Academy
Developing complex skills for deep submarine maintenance through the Babcock Skills Academy
2,000+ people expected to flow through in its first three years and 10,000+ over the next five years
Ambition to broaden beyond a focus on nuclear skills
Engineering and Nuclear Skills
Supporting the national skills agenda through the UK Nuclear Skills Taskforce and Defence Supplier Forum
Member of the AUKUS workforce alliance through our partnership with HII and three Australian Universities
MoU with the University of Adelaide
