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SHAPING FUTURE PERFORMANCE

An innovative world leader in high PERFORMANCE polymer solutionsSHAPING FUTURE PERFORMANCEVICTREX PLCANNUAL report 2020 Victrex is an innovative world leader in high PERFORMANCE polymer solutions, focused on the strategic markets of Automotive, Aerospace, Energy (including Manufacturing & Engineering), Electronics and Medical. Every day, millions of people rely on sustainable products and applications which contain our polymers and materials, from smartphones, aeroplanes and cars to oil and gas operations and medical devices. With over 40 years experience, we develop world leading solutions in PEEK and PAEK based polymers, and selected semi-finished and finished parts which shape FUTURE PERFORMANCE for our customers and markets, bring environmental and societal benefits, and drive value for our & PARTS: delivering on our strategyVisit or scan with your QR code reader to visit our Group website1 Victrex plc Annual report 2020 STRATEGIC REPORT1 Highlights2 Victrex at a glance4 Our markets and megatrends6 COVID -198 Chairman s review10 Our business model12 Strategy14 Overview of strategy18 Stakeholder engagement and section 17220 Strategy and key PERFORMANCE indicators22 Financial review27 Chief Commercial Officer s report31 Risk management 33 Principal risks37 Going concern and viability statement40 Sustainability reportCORPORATE GOVERNANCE58 Intro

1 Victrex plc Annual Report 2020 STRATEGIC REPORT 1 Highlights 2 Victrex at a glance 4 Our markets and megatrends 6FINANCIAL HIGHLIGHTS COVID-19 8 Chairman’s review 10 s msne l odeOi ur bus 12 Strategy 14 Overview of strategy 18 Stakeholder engagement and section 172 20 Strategy and key performance indicators 22 we i rev l ia ncainF 27 Chief Commercial Officer’s …

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