Results Presentation for year ended 31 March 2018 Highlights - - PowerPoint PPT Presentation

▶
results presentation for year ended 31 march 2018
SMART_READER_LITE
LIVE PREVIEW

Results Presentation for year ended 31 March 2018 Highlights - - PowerPoint PPT Presentation

Mar 23, 2023 241 likes •343 views

Results Presentation for year ended 31 March 2018 Highlights Revenue increased 19.8% to 22.180m Corporate Profits up 260% to 0.827m Excellent progress across both divisions and Chinese joint venture Cash generated by

slide-1
SLIDE 1

Results Presentation for year ended 31 March 2018

slide-2
SLIDE 2

Highlights

  • Revenue increased 19.8% to £22.180m
  • Profits up 260% to £0.827m
  • Excellent progress across both divisions and Chinese joint venture
  • Cash generated by operations of £1.532m, up £0.717m on previous year

2

Transportation Energy Corporate

  • Businesses benefitting from impact of new business wins
  • Long term agreement with London Electric Vehicle Company
  • New product introductions at record levels in the USA
  • Investment in capability and capacity
  • Revenue well ahead of the previous year
  • Business benefitted from revenue in the power generation rental sector in the early

part of the year

  • Strong operational performance

All references to EBITDA, profit/(loss) before tax and EPS/(LPS) are before restructuring costs, intangible asset amortisation, share based payment charges and foreign exchange derivative valuation.

slide-3
SLIDE 3

Financial Review – Highlights

  • Excellent

progress across all of the Group’s businesses, which were profitable in the year

  • China JV

delivered first full year profit

  • Continuing to

win new business 3

  • 0.5

0.0 0.5 1.0

2015 2016 2017 2018

Profit/(loss) Before Tax - £m

  • 1.0

0.0 1.0 2.0 3.0

2015 2016 2017 2018

Earnings/(Loss) per share - pence

0.0% 2.0% 4.0% 6.0% 8.0% 10.0%

2015 2016 2017 2018

EBITDA return - % EBITDA

£1.575m Up 63.8%

Operational Gearing

29.9% Down 11%

Revenue

£22.180m Up 19.8%

PBT

£0.827m Up 260%

Earnings per share

2.65p Up 268%

slide-4
SLIDE 4

Financial Review – Balance Sheet

£m Mar 18 Mar 17 Cash generated by

  • perations

1.532 0.815 EBITDA 1.575 0.961 Cash generation/EBITDA ratio 0.97:1 0.85:1 Capital expenditure 0.696 0.559 Capex/depreciation ratio 1.33 1.09 Net debt 2.982 3.497 Gearing % 47.6% 57.9%

4 Cash generated by operations

£1.532m Up 87.9%

Cash generation/EBITDA ratio

£0.97 Up 14.1%

Net assets

£14.359m Up 4.1%

Net debt

£2.982m Down 14.7%

Net working capital

£3.475m Down 10.7%

Gearing

47.6% Down 17.8%

  • £3.5m of cashflow from operations over the

last 3 years

  • China based borrowing of £0.439m repaid

in the year

  • The Group operates without any covenants
  • n its borrowings
slide-5
SLIDE 5

5

522 (2,982)

31 March 2017 Net debt Underlying

  • perating

profit

Financial Review - change in net funds

(3,497)

31 March 2018 Net debt

(220)

Depreciation

£000’s (696)

Capital expenditure

844

Net movement in working capital Finance charges

5

Cash generated by operations £1,532k

166

Other movements

(101)

slide-6
SLIDE 6

6

Business Review - Introduction

  • Two divisions-Transportation and Energy
  • 4 manufacturing operations in the UK, USA

and China supporting a global customer base

  • Footprint has created significant
  • pportunities to expand existing

relationships and to develop new business with customers

slide-7
SLIDE 7

7 On Road Truck

Customer Product Markets

Off Road Machines Other Off Road Engines Energy Generation

Application: Engine Gearbox Lube Coolant Global Markets Truck – Medium and Heavy Duty Coolant Application: Fluid Transfer – Oil, Air, and Water Global Markets Power Generation Construction, Mining Application: Gas Vacuum Braking System Transmission Breathers Fuel suction Global Markets Semi-Con. Medium and Heavy Duty Truck Application: Fluid transfer of

  • il, fuel, air

water and coolant Global Markets Agriculture Construction Mining Oil and Gas Application: Hydraulic fluid transfer – Actuator control Global Markets Construction Agriculture Mining

slide-8
SLIDE 8

Distinctive Capabilities

  • “Superclean “
  • Rotary TIG welding
  • World class fabrication
  • Welded assemblies
  • Innovation
  • Dedicated manufacturing cells
  • GEMBA
  • SMED

8

slide-9
SLIDE 9

Business Review - Performance

  • USA

– New product introductions at record levels – Strong operational performance – Investment in “super clean” capability – Substantial new business opportunities being progressed

  • UK

– Strong growth in rigid hydraulic tubes supported by additional investment in capacity – Long term agreement secured with the London Electric Vehicle Company 9

  • UK

– Revenue significantly ahead of the corresponding period last year – Business benefitted from the impact of new business, particularly within the power generation rental sector

£’000 Transportation Energy 2017/18 Central adjustments 2016/17 Central adjustments 2017/18 Group 2016/17 Group 2017/18 2016/17 2017/18 2016/17 Revenue 15,901 13,595 6,279 4,924 22,180 18,519 PBT 410 195 567 251 (150) (216) 827 230

Energy Transportation

  • Joint Venture

– Customer relationships developing – Benefitting from the consolidation of activities last year and improved market conditions

Revenue Up 16.9% PBT Up 110.2% Revenue Up 27.5% PBT Up 125.9%

slide-10
SLIDE 10

Outlook

  • Group has made excellent progress in the

execution of its strategy – Delivering revenue growth and substantial improvement in profitability

  • Strong cash generation has enabled us to reduce

net debt whilst continuing to invest in the business

  • Investment in capability and increasing capacity

have enabled us to win new business and take full advantage of buoyant end markets

  • Momentum building and Board expects further

significant progress in the current year

10