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MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES

PRESSURE TECHNOLOGIES · Jun 10, 2014 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 1
    Interim Results Presentation Half Year Ended 29 March 2014 Presented by John Hayward, CEO, and James Lister, FD
  2. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 2
    Highlights Delivering results Revenue (m) 19.9 +21% Operating profit* (m) 2.2 +53% Operating cash flow (m) 1.8 +1.2 EPS (adjusted)* (p) 12.7 +38% Interim dividend (p) 2.8 +8% Net cash (m) 10.5 Growth led by Cylinders and…
  3. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 3
    A well balanced and profitable group Engineered Products Cylinders Alternative Energy H1 Revenue 9.3m +33% H1 Revenue 10.5m +23% H1 Revenue 0.1m down 0.8m H1 Op Profit 1.1m +270% H1 Op Profit 2.2m +23% H1 Op loss 0.3m down 0.2m…
  4. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 4
    Sales increased by 21% m 16.4 19.9 0.8 0.1 2.3 0.7 2014 major 1.3 Sales growth at sales all in second Additional Hydratron and half Alternative Energy 0.9 defence projects Al-Met 2013 major sales in the first 9.3 One month of…
  5. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 5
    Underlying operating profit increased by 53% H1 2013 H1 2014 m m m Cylinders 1.8 2.2 Engineered Products 0.3 1.1 0.2 0.2 Alternative Energy (0.1) (0.3) 0.8 0.6 Unallocated central (0.6) (0.8) costs 0.4 Underlying operating 1.4…
  6. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 6
    Strong balance sheet Fund 29 Mar 28 Sep 30 Mar KGTM Roota raise 2014 2013 2013 m m m m m m - 11.6 - Intangible assets 14.6 3.2 3.3 2.4 - - Investment/loans in KGTM 2.3 - - - 1.6 - Fixed assets 6.7 4.8 4.6 - 1.2 - Inventories 8.8…
  7. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 7
    Strong cash balance for further investments 7.8 2014 Half Operating cash flow 1.8m (2013: 0.6m) year closing net m funds 16.0 0.5 Roota acquisition Acquisition Reduced Capital costs (net) working expenditure Group…
  8. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 8
    Summary results H1 H1 FY 2013 2014 2013 Sales (m) 16.4 19.9 +21% 34.4 Underlying operating profit (m) 1.4 2.2 +53% 3.3 Acquisition/amortisation costs (m) 0.1 0.7 0.4 Operating profit (m) 1.4 1.5 +7% 2.9 PBT (m) 1.3 1.3 - 2.9 EPS…
  9. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 9
    Oil and gas market driving Cylinders Revenue 10.5 million +23% Operating profit 2.2 million +23% Strong demand for deep water oil & gas platforms Sales and orders ahead of same period last year Price reductions conceded for 2014 to…
  10. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 10
    Acquisition in new market and technology Share of losses of associate 0.1 million % n/a Manufacturer of Gas Transport Modules (GTMs) 40% stake acquired for US0.5 million and US3.5m loan Option to increase to 80% in 2015 via…
  11. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 11
    Expanded Engineered Products Revenue 9.3 million +33% Operating profit 1.1 million +270% Strong sales and profit growth Second half 2013 recovery sustained through 2014 at Hydratron Al-Met increased sales and profits Roota contributing…
  12. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 12
    Breakthrough in Alternative Energy Revenue 0.1 million -0.8million Operating loss 0.3 million -0.2 million Sales Four orders, four customers received - total value 11.0 million Delivery second-half 2014 and first-quarter of 2015…
  13. MARCH 2014 HALF YEAR RESULTS – PRESSURE TECHNOLOGIES – slide 13
    Outlook Great markets Continued growth in oil and gas market High added value opportunities in defence Alternative energy set for rapid growth Great products Strong demand for core products Development programme of next…

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