Dialight plc 12 May 2010 AGM Highlights of 2009 Turnover - - PDF document

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dialight plc 12 may 2010 agm
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Dialight plc 12 May 2010 AGM Highlights of 2009 Turnover - - PDF document

Jan 15, 2024 225 likes •520 views

Dialight plc 12 May 2010 AGM Highlights of 2009 Turnover maintained at 77.3m (2008: 77.9m) Signals/Illumination showing good revenue growth in difficult market Record Operating profit 5.5m (2008: 5.3m) Strong Operating

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SLIDE 1

Dialight plc AGM 12 May 2010

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SLIDE 2

Highlights of 2009

Turnover maintained at £77.3m (2008: £77.9m)

Signals/Illumination showing good revenue growth in difficult market

Record Operating profit £5.5m (2008: £5.3m)

Strong Operating Cash Flow. Net cash £9.1m (2008:£4.1m)

Second Interim Dividend 4.3 pence (2008:3.9 pence Final)

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SLIDE 3

Revenues

2009 2008

Revenue £77.3m £77.9m

Signals/Illumination £46.4m £43.4m

Electromagnetic components £13.3m £15.1m

Indication business £17.6m £19.4m

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SLIDE 4

Operating Profit

2009 2008

Signals/Illumination £3.3m £1.7m

Electromagnetic Components £0.7m £0.5m

Indication Components £3.2m £4.9m

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SLIDE 5

Indication Components

Revenues down almost 25% (US$) versus 2008

Some recovery in H2

Fundamentals of the business unchanged

Margins solid

Recovery continues in 2010

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SLIDE 6

Electromagnetic Components

Revenues down £1.8m versus 2008

200 amp Disconnect still showing growth but slowed by design change with one customer

Traditional business down with economy but showing some signs of recovery into 2010

Prospects for Disconnect still promising but on thin margins and difficult to predict

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SLIDE 7

Signals/Illumination Revenue

2009 2008 Revenue: £46.4m £43.4m

Traffic £23.1m £24.4m

Obstruction £7.2m £4.6m

Transportation £10.4m £8.3m

Lighting £5.7m £6.1m

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SLIDE 8

Signals - Traffic

US traffic down due to lack of big contracts in the year and tough comparison to 2008

Strong European recovery in second half to maintain revenues at 2008 levels

UK performance and prospects good

Margins improved

Strong start in 2010 for Europe

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SLIDE 9

Signals - Obstruction

50% year on year growth (again!)

Sales of Red Beacons helped by second half recovery of US Wind Turbine Market

New Beacon introduced end of the year

New White Strobe introduced end of the year Two major contracts announced Over 1000 units sold Installed cell tower base over 80,000 units Only qualified product today

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SLIDE 10

2001 2003 2006 2009

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SLIDE 11

2007 2008 2009 2009

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SLIDE 12

Offshore Wind Market

Offshore Wind Pow er Net Capacity Added by Region , 2007-2020 (MW) - Base Case Scenario Source "Em erging Energy Research - Global Offshore Wind Energy Markets and Strategies 2008 - 2020"

5000 10000 15000 20000 25000 30000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Megawatts Asia North America Europe

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SLIDE 13

Acquisition of BTI

Focus in Offshore Wind in Europe

Strong relationships with key wind OEMs

Revenues €4.4m year ending 9/9

Operating Profit €500k

Prior long term relationship with Dialight

Potential for double digit growth and synergy in both Sales and Operations

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SLIDE 14

First Joint New Product

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SLIDE 15

Illumination

Revenues down overall

Industrial White Lighting sales 300% of 2008

Highly successful launch of Safesite High Bay

Payback approaching tipping point

Pipeline of new products

2010 starting strongly

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SLIDE 16

White Light Strategy

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SLIDE 17

Type Efficiency lm/W Life -hours x1000 Cost Per lumen $ Colour Rendering Ra High Pressure Sodium 60 -120 10 - 20 0.0004 30 Ceramic Metal Halide 60 -100 6 -12 0.0010 70 - 95 Fluorescent 40 -100 6 - 45 0.0005 60 - 90 Halogen & Tungsten 8 -22 2 - 10 0.0002 100 Cool white LED 6000k 90 -130 50 0.015 70 Warm white LED 3000k 20 - 50 50 0.04 75 -90

How do LEDs compare to the competition ?

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SLIDE 18
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SLIDE 19

White Light LED Lamp Price vs. Fluorescent Lamp (Projection)

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World Lighting Fixture Market

Residential 23% Industrial 7% Outdoor 17% Commercial 21% Portable 18% Parts & Accessories 14%

Source: Freedonia

2010 Projection: $75 billion

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SLIDE 21

Why LEDs?

Long Life High Efficiency Shock & Vibration Extreme Climates Zero Maintenance Low Case Temperature Precise Optical Control Instant Light Switching Cycles Colour Performance

=

Low Cost Of Ownership

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SLIDE 22

250W HPS

60% Energy Saving No Mercury or Hazardous material 10+ years expected life

100W SafeSite Downlight

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SLIDE 23

Product: S afeS ite HZC Downlight Qty: 423 Units Location: Midland, MI Application – S ilicon Plant

Dow Corning

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SLIDE 24

400W HID Dialight 150W LED High Bay

60% Energy Saving 50% less weight & 75% reduced size No Mercury or Hazardous material 10+ years expected life

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Product: LED High Bay Qty: 59 units Location: Frontline Manufacturing Application – Warehouse

Frontline Manufacturing

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SLIDE 26

Product: LED High Bay Qty: 130 units Location: Rockline Manufacturing Application – Warehouse

Rockline Manufacturing

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SLIDE 27

Outlook

Signals/Illumination positioned for continued growth with stronger margins

Improved LED efficiency and cost is moving the adoption point

Pipeline of new and improved White Lighting products

Continued reengineering and cost reduction

LED Indication showing recovery and still a strong profit and cash generator

Group shows excellent prospects for future Revenue Growth and Profitability