An error occurred while processing the template.
The following has evaluated to null or missing:
==> .vars['reserved-article-group-id']  [in template "161555#161602#ARTICLE-PAGE---HERO" at line 14, column 20]

----
Tip: It's the final [] step that caused this error, not those before it.
----
Tip: If the failing expression is known to legally refer to something that's sometimes null or missing, either specify a default value like myOptionalVar!myDefault, or use <#if myOptionalVar??>when-present<#else>when-missing</#if>. (These only cover the last step of the expression; to cover the whole expression, use parenthesis: (myOptionalVar.foo)!myDefault, (myOptionalVar.foo)??
----

----
FTL stack trace ("~" means nesting-related):
	- Failed at: #assign groupId = .vars["reserved-art...  [in template "161555#161602#ARTICLE-PAGE---HERO" at line 14, column 1]
----
1<#assign namespace = randomNamespace /> 
2<#assign JSONFactoryUtil = staticUtil["com.liferay.portal.kernel.json.JSONFactoryUtil"] /> 
3<#assign journalArticleLocalService = serviceLocator.findService("com.liferay.journal.service.JournalArticleLocalService") /> 
4<#assign containerId = randomNamespace /> 
5<#assign shareURL = themeDisplay.getPortalURL()+themeDisplay.getURLCurrent()/> 
6 
7<#-- Auto-assign ALL category to every article --> 
8<#assign assetCategoryLocalService = serviceLocator.findService("com.liferay.asset.kernel.service.AssetCategoryLocalService") /> 
9<#assign assetEntryLocalService = serviceLocator.findService("com.liferay.asset.kernel.service.AssetEntryLocalService") /> 
10<#assign journalArticleLocalService = serviceLocator.findService("com.liferay.journal.service.JournalArticleLocalService") /> 
11  
12<#-- Get current JournalArticle --> 
13<#assign articleId = .vars['reserved-article-id'].data /> 
14<#assign groupId = .vars['reserved-article-group-id'].data?number /> 
15<#assign journalArticle = journalArticleLocalService.getArticle(groupId, articleId) /> 
16  
17<#-- Get AssetEntry for this article --> 
18<#assign assetEntry = assetEntryLocalService.getEntry("com.liferay.journal.model.JournalArticle", journalArticle.getResourcePrimKey()) /> 
19  
20<#-- Your ALL category ID --> 
21<#assign allCategoryId = 4614994 /> 
22  
23<#-- Assign ALL category if not already set --> 
24<#if !assetEntry.getCategories()?seq_contains(assetCategoryLocalService.getCategory(allCategoryId))> 
25    <#assign categoryIds = assetEntry.getCategoryIds() + [allCategoryId] /> 
26    ${assetEntryLocalService.updateEntry( 
27        assetEntry.getUserId(), 
28        assetEntry.getGroupId(), 
29        assetEntry.getClassName(), 
30        assetEntry.getClassPK(), 
31        assetEntry.getUuid(), 
32        assetEntry.getClassTypeId(), 
33        categoryIds, 
34        assetEntry.getTagNames() 
35    )} 
36</#if> 
37 
38<div class="hero jmarticle__hero-main-container"> 
39    <div class="container"> 
40        <div class="row"> 
41            <div class="article__cont"> 
42                <h1 class="article__heading">${Title.getData()}</h1> 
43                <#if (SubTitle.getData())??> 
44                    <p class="article__para"> 
45                        ${SubTitle.getData()} 
46                    </p> 
47                </#if> 
48 
49                <#assign Date_Data=getterUtil.getString(Date.getData())> 
50                <#if validator.isNotNull(Date_Data)> 
51                    <p class="article__date"> 
52                        <#assign Date_DateObj=dateUtil.parseDate("yyyy-MM-dd", Date_Data, locale)> 
53                        ${dateUtil.getDate(Date_DateObj, "dd MMMM yyyy", locale)} 
54                    </p> 
55                </#if> 
56 
57                <#if Link_Title?? && Link_Title.getData()?has_content> 
58                    <#list Link_Title.getSiblings() as cur_Link_Title> 
59						<#if cur_Link_Title?? && cur_Link_Title.getData()?has_content> 
60							<#assign linkHref="#" /> 
61							<#assign target="" /> 
62							 
63							<#assign rowId = containerId + cur_Link_Title?index /> 
64							<#if cur_Link_Title.Link_Internal?? && cur_Link_Title.Link_Internal.getFriendlyUrl()?has_content> 
65								<#assign linkHref=cur_Link_Title.Link_Internal.getFriendlyUrl() /> 
66							<#elseif cur_Link_Title.Link_Media?? && cur_Link_Title.Link_Media.getData()?has_content> 
67								<#assign linkHref=cur_Link_Title.Link_Media.getData() /> 
68							<#elseif cur_Link_Title.Link_Mailto?? && cur_Link_Title.Link_Mailto.getData()?has_content> 
69								<#assign linkHref="mailto:" + cur_Link_Title.Link_Mailto.getData() /> 
70							<#elseif cur_Link_Title.Link_External?? && cur_Link_Title.Link_External.getData()?has_content> 
71								<#assign linkHref=cur_Link_Title.Link_External.getData() /> 
72							</#if> 
73							<#if (cur_Link_Title.Link_Target??) && (cur_Link_Title.Link_Target.getData())?has_content> 
74								<#assign target=cur_Link_Title.Link_Target.getData() /> 
75							</#if> 
76							<div id="blue_button_click_div" data-analytics-asset-type="custom"> 
77								<div class="jmarticle__hero-btn-list"> 
78									<a id="panel_blue_button_${rowId}" class="article__btn" href="${linkHref}" title="${cur_Link_Title.getData()}" target="${target}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)" > 
79										<span class="btn__text">${cur_Link_Title.getData()}</span> 
80										<span class="arrow__forward"></span> 
81									</a> 
82								</div> 
83							</div> 
84						</#if> 
85					</#list> 
86                </#if> 
87				  <div class="article-download-share"> 
88                
89                    <#if PDFTitle?? && PDFTitle.getData()?has_content> 
90                        <#assign title = PDFTitle.getData() /> 
91                        <#assign pdf_link = "#" /> 
92                        <#assign pdfrowId = containerId /> 
93                        <#if PDFTitle.PDF?? && PDFTitle.PDF.getData()?has_content> 
94                            <#assign pdf_link = PDFTitle.PDF.getData() /> 
95                        </#if> 
96                        <div class="article-download"> 
97                            <div id="blue_button_click_div" data-analytics-asset-type="custom"> 
98                                <div class="jmarticle__hero-btn-list"> 
99                                    <a id="panel_blue_button_${pdfrowId}" class="article__btn" href="${pdf_link}" title="${title}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)"> 
100                                        <span class="btn__text">${title}</span> 
101                                        <span class="arrow__forward"></span> 
102                                    </a> 
103                                   <a id="panel_blue_button_${pdfrowId}" class="article__btn-mobile" href="${pdf_link}"             title="${title}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)"> 
104                                       <img src="${themeDisplay.getPathThemeImages()}/new__jm__images/download-white-icon.svg" alt="twitter image"/> 
105                                    </a> 
106                                </div> 
107                            </div> 
108                        </div> 
109                    </#if> 
110                                 
111                </div> 
112                 
113            </div> 
114        </div> 
115       <#if (ImageLarge.getData())?? && ImageLarge.getData() != ""> 
116            <div class="row jmarticle__hero-banner" id="jmarticle__hero-${namespace}"  
117            style="background-image: url(${ImageLarge.getData()})"> 
118        </#if> 
119 
120        </div> 
121    </div> 
122</div> 
123 
124<#if Author?? && Author.getData()?has_content> 
125    <div class="jmarticle__author-info"> 
126        <div class="container"> 
127            <div class="hero__bar"> 
128                     <#list Author.getSiblings() as cur_Author> 
129                            <#if cur_Author?? && cur_Author.getData()?has_content> 
130                                <#assign 
131                                    webContentData = jsonFactoryUtil.createJSONObject(cur_Author.getData()) 
132                                    gId = groupId 
133                                    journalArticle = journalArticleLocalService.getArticleByUrlTitle(gId, webContentData.title) 
134                                    docXML = saxReaderUtil.read(journalArticle.getContent()) 
135 
136                                    fName = docXML.valueOf("//dynamic-element[@name='FullName']/dynamic-content/text()") 
137                                    jobTitle = docXML.valueOf("//dynamic-element[@name='JobTitle']/dynamic-content/text()") 
138                                    role = docXML.valueOf("//dynamic-element[@name='ContactInfo']/dynamic-content/text()") 
139                                    photoXML = docXML.valueOf("//dynamic-element[@name='Photo']/dynamic-content/text()") 
140                                    photoSrc = JSONFactoryUtil.createJSONObject(photoXML).getString("uuid") 
141                                    fullName = docXML.valueOf("//dynamic-element[@name='Title']/dynamic-content/text()") 
142                                    authorImageXML = docXML.valueOf("//dynamic-element[@name='ImageLarge']/dynamic-content/text()") 
143                                    authImageSrc = JSONFactoryUtil.createJSONObject(authorImageXML).getString("uuid") 
144                                    summary = docXML.valueOf("//dynamic-element[@name='Summary']/dynamic-content/text()") 
145                                /> 
146 
147                                    <div class="author"> 
148                                        <figure class="author__image"> 
149                                            <#if authImageSrc?? && authImageSrc?has_content> 
150                                                <img src="/documents/${groupId}/${authImageSrc}" alt="${fullName}" class="author_img_class_new"> 
151                                            <#elseif photoSrc?? && photoSrc?has_content> 
152                                                <img src="/documents/${groupId}/${photoSrc}" alt="${fName}" class="author_img_class_new"> 
153                                            </#if> 
154                                        </figure> 
155                                        <div class="author__details d-flex flex-column"> 
156                                            <h3 class="author__name"> 
157                                                <a rel="author"> 
158                                                    <#if fullName?? && fullName?has_content> 
159                                                        ${fullName} 
160                                                    <#elseif fName?? && fName?has_content> 
161                                                        ${fName} 
162                                                    </#if> 
163                                                </a> 
164                                            </h3> 
165                                            <p class="author__desc text-size-a author_job_title"> 
166                                                <#if jobTitle?? && jobTitle?has_content> 
167                                                    ${jobTitle} 
168                                                </#if> 
169                                            </p> 
170                                            <span> 
171                                                <p class="author__desc text-size-a"> 
172                                                    <#if summary?? && summary?has_content> 
173                                                        ${summary} 
174                                                    </#if> 
175                                                    <#if role?? && role?has_content> 
176                                                        ${role} 
177                                                    </#if> 
178                                                </p> 
179                                            </span> 
180                                        </div> 
181                                        <div> 
182                                            <div class="author__contact"> 
183                                                <ul class="author__contact-list"> 
184                                                </ul> 
185                                            </div> 
186                                        </div> 
187                                    </div> 
188                             </#if> 
189                     </#list> 
190            </div> 
191    	</div> 
192    </div> 
193</#if> 
194 
195 
196 
197<div class="container"> 
198    <div class="row"> 
199        <div class="article__intro"> 
200            <#if (Introduction.getData())??> 
201            	${Introduction.getData()} 
202            </#if> 
203 
204           <div class="article-download-share"> 
205                
206                    <#if PDFTitle?? && PDFTitle.getData()?has_content> 
207                        <#assign title = PDFTitle.getData() /> 
208                        <#assign pdf_link = "#" /> 
209                        <#assign pdfrowId = containerId /> 
210                        <#if PDFTitle.PDF?? && PDFTitle.PDF.getData()?has_content> 
211                            <#assign pdf_link = PDFTitle.PDF.getData() /> 
212                        </#if> 
213                        <div class="article-download"> 
214                            <div id="blue_button_click_div" data-analytics-asset-type="custom"> 
215                                <div class="jmarticle__hero-btn-list"> 
216                                    <a id="panel_blue_button_${pdfrowId}" class="article__btn" href="${pdf_link}" title="${title}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)"> 
217                                        <span class="btn__text">${title}</span> 
218                                        <span class="arrow__forward"></span> 
219                                    </a> 
220                                   <a id="panel_blue_button_${pdfrowId}" class="article__btn-mobile" href="${pdf_link}"             title="${title}" data-analytics-asset-action="click" onclick="onBlueButtonClick(this)"> 
221                                       <img src="${themeDisplay.getPathThemeImages()}/new__jm__images/download-white-icon.svg" alt="twitter image"/> 
222                                    </a> 
223                                </div> 
224                            </div> 
225                        </div> 
226                    </#if>               
227                
228                   
229               <div class="article-share"> 
230                   <a href="https://linkedin.com/shareArticle?url=${shareURL}&title=<#if (Title.getData())??>${Title.getData()}</#if>" target="_blank"> 
231                       <img class="socialicons__img" src="${themeDisplay.getPathThemeImages()}/new__jm__images/social_icons-LinkedIN.png" alt="twitter image"/> 
232                    </a> 
233                      <a  href="https://twitter.com/share?url=${shareURL}&text=<#if (Title.getData())??>${Title.getData()}</#if>" target="_blank"> 
234                       <img class="socialicons__img" src="${themeDisplay.getPathThemeImages()}/new__jm__images/social_icons-Twitter.png" alt="twitter image"/> 
235                    </a> 
236                </div> 
237            </div> 
238       
239        </div> 
240    </div> 
241</div> 
242 
243<style> 
244    img.author_img_class_new { 
245        width: 100% !important; 
246        height: 100% !important; 
247        position: absolute; 
248        margin: auto; 
249        top: 0; 
250        bottom: 0; 
251
252     
253    .article__btn:focus-visible { 
254    outline: 2px solid blue !important; 
255
256 
257@media (min-width: 320px) and (max-width: 650px) { 
258	.article__intro li { 
259	   margin-left: -32px !important;		 
260
261	.journal-content-article .container .article__intro { 
262    margin-top: 22px !important; 
263
264
265@media (min-width: 540px) and (max-width: 834px) { 
266    .article__intro li { 
267	      margin-left: -32px !important;		 
268
269    .article__intro { 
270        margin: 60px 15px 0 5px !important;         
271
272
273  
274@media (min-width: 320px) and (max-width: 539px){ 
275.jmarticle__author-info { 
276    padding: 0px 0; 
277
278.jmarticle__author-info .author__image { 
279    width: 39px; 
280    height: 40px; 
281
282 
283.jmarticle__author-info .author__name a { 
284    line-height: 0px; 
285    font-size: 18px !important; 
286    margin-right: 10px; 
287
288 
289.jmarticle__author-info .author__desc { 
290     
291    line-height: 14px; 
292    font-size: 12px !important; 
293    margin-bottom: 7px; 
294
295
296  
297</style> 

Johnson Matthey, a global leader in sustainable technologies, has been working to commercialise its range of high nickel cathode materials, principally for the automotive industry. 

Following a detailed review and ahead of reaching a number of critical investment milestones, we have concluded that the potential returns from our Battery Materials business will not be adequate to justify further investment.

Whilst demand for battery materials is accelerating, so is competition from alternative technologies and other manufacturers. Consequently this is rapidly turning into a high volume, commoditised market. 

In recent months, as JM has been exploring strategic partnerships, it has also become clear that our capital intensity is too high compared with other more established large scale, low cost producers. 

The Board has therefore decided to pursue the sale of all or parts of this business with the ultimate intention of exiting. We will move swiftly to determine the best outcome for all of our stakeholders and intend to make a further announcement as soon as possible. 

JM is making good progress in its other growth areas, such as in hydrogen technologies, circularity and the decarbonisation of the chemicals value chain. These are attractive opportunities which we will now accelerate with greater focus and investment. In addition, in a world that increasingly needs solutions to address the challenges faced by climate change, we will continue to pursue opportunities across other areas that are closely aligned to our core capabilities.

Robert MacLeod, Chief Executive said:

“While the testing of our eLNO battery materials with customers is going well, the marketplace is rapidly evolving with increasing commoditisation and lower returns. We have concluded that we will not achieve the returns necessary to justify further investment. 

“This decision will allow us to accelerate our investment and focus on more attractive growth areas, especially where we have leadership positions such as in hydrogen technologies, circularity and the decarbonisation of the chemicals value chain.”

Johnson Matthey will announce its first half results on 24th November, which are in-line with market expectations. The trading outlook for the full year ending 31st March 2022, assuming current precious metal prices and foreign exchange rates, is towards the lower end of market expectations. This is primarily due to the wide-spread supply chain shortages affecting the automotive industry and the consequential impact on precious metals prices, together with acute labour shortages in the US that are adversely impacting our Health business, which is subject to strategic review.

 

Notes:

1. Vara consensus for full year underlying operating profit in 2021/2022 is £581 million (range: £550 million to £636 million)

2. The Battery Materials business consists of 430 permanent employees, of whom the majority are in the UK. The net assets of the business as of 31st October 2021 were approximately £340 million

The person responsible for the release of this announcement is Nick Cooper, General Counsel and Company Secretary of Johnson Matthey Plc.

 

Enquiries:

Investor Relations
Martin Dunwoodie, Director of Investor Relations
020 7269 8241

Louise Curran, Senior Investor Relations Manager 020 7269 8235

Jane Crosby, Investor Relations Manager
020 7269 8242

Media
Harry Cameron, Tulchan Communications 07799 152148

Barney Wyld, Group Corporate Affairs Director 07485 337498

 

Investor call

Johnson Matthey hosted a call for investors and analysts at 08:00 GMT, with Robert MacLeod, Chief Executive and Stephen Oxley, Chief Financial Officer. Visit the event webpage to listen to the recording.

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