Pressure Technologies plc Pressure Technologies plc John Hayward, Chief Executive Interim Results James Lister, Finance Director 12 June 2012
Pressure Technologies plc Safe Harbour Statement This presentation and the subsequent question and answer session may contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about…
Pressure Technologies plc A leading designer and manufacturer of high pressure engineering systems, serving the global energy, defence and industrial gases markets and the UK alternative energy market 3
Pressure Technologies plc This page blank 4
Pressure Technologies plc Agenda Highlights Financial Performance Business Update Summary and Outlook Appendix: Business Strategy 5
Pressure Technologies plc Highlights Revenue of 12.6 million (2011: 10.3 million) Operating profit at 0.45 million (2011: loss of 0.31 million) Pre-tax profit of 0.46 million (2011: loss of 0.31 million) Basic earnings per share…
Pressure Technologies plc Highlights Return to H1 profitability achieved Group order book significantly strengthened, as a result of strong demand from the Oil & Gas market Defence sales, as predicted, lower than 2011 due to phasing…
Pressure Technologies plc Financial Performance James Lister Group Finance Director 8
Pressure Technologies plc Operating Profit 2012 2011 Half Year Half Year m m m 0.1 Cylinders 0.7 0.3 0.2 0.1 0.5 Engineered Products 0.5 0.3 0.2 Chesterfield BioGas (0.2) (0.1) 0.4 -0.3 Acquisition and (0.1) (0.3)…
Pressure Technologies plc Balance Sheet 31 Mar 02 Apr 01 Oct 2012 2011 2011 m m m Intangible assets 3.8 4.0 3.9 Fixed assets 4.5 4.5 4.6 Inventories 6.0 5.8 5.0 Receivables 6.4 7.1 6.8 Payables (8.2) (8.4) (7.0) Working capital…
Pressure Technologies plc Cash Flow Operating cash flow 1.8m (2011 First Half: 0.3m ) m 0.1 0.4 1.0 0.5 0.3 0.9 3.5 2.9 2012 Opening Net EBITDA Decrease in Working Capex Net of Deferred Purchase Dividends Tax 2012…
Pressure Technologies plc Business Update John Hayward Chief Executive 14
Pressure Technologies plc Business Overview Cylinders Engineered Alternative Products Energy 15
Pressure Technologies plc Business Overview Oil & Gas Defence Industrial Alternative Gases Energy Chesterfield Special Chesterfield Special Chesterfield Special Chesterfield BioGas Cylinders Cylinders Cylinders Chesterfield…
Pressure Technologies plc Markets Alternative Energy Oil & Gas Engineered Products Chesterfield BioGas Hydratron Al-Met Chesterfield Special Cylinders Industrial Gases Defence 17
Pressure Technologies plc Markets Oil & Gas Cylinders Main market deepwater Oil & Gas platforms Strong recovery in the market has continued and visibility now 12 months 2011 3 drillship projects supplied 2012 9 drillship projects…
Pressure Technologies plc Markets Oil & Gas Engineered Products Al-Met valve and flow control wear parts As predicted, demand flat in first half Orders and customer feedback in Q2 and Q3 indicate that expected growth is occurring…
Pressure Technologies plc Markets Defence Cylinders As predicted, 2012 sales will show a reduction compared to 2011 due to phasing of naval projects Next major deliveries for UK and France forecast for 2013 Contract won with MoD…
Pressure Technologies plc Markets Industrial Gases Cylinders Progress maintained in high pressure trailers with addition of a Germany based sales manager with good contacts into the European gas majors Design function strengthened…
Pressure Technologies plc Markets Alternative Energy Market for biomethane to grid (BtG) Stockport project due for delivery September 2012 Market slow to develop due to delay in RHI, complexity of the structure of projects and the…
Pressure Technologies plc Summary and Outlook Main market, Oil & Gas, experiencing a sustained upturn Cylinder and Engineered Products divisions expecting solid growth in 2012 H2 growth supported by order intake and level of…
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Pressure Technologies plc Appendix Business Strategy 25
Pressure Technologies plc Appendix Business Strategy The vision is to build a highly profitable group of companies specialising in the containment and control of liquids and gases in pressure systems in four main areas Oil & Gas…
Pressure Technologies plc Appendix Business Strategy Acquisition Criteria Target companies in niche areas of pressure containment and control Profitable with significant growth potential Management teams must be stable and capable…
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