Preliminary Results Presentation Year Ended 28 September 2013 Presented by John Hayward, CEO, and James Lister, FD
Highlights Delivering results Revenue 34.4 million +13% Operating profit 2.9 million +63% Operating cash flow 3.0 million +1.1 million EPS (basic) 19.4p +73% Dividend 7.8p +4% Growth led by Cylinder and Engineered Products…
A balanced group Engineered Products Cylinders Alternative Energy Revenue 16.0m +13% Revenue 17.3m +6% Revenue 1.1m up 0.9m Op profit 1.6m +60% Op profit 3.6m +56% Op loss 0.5m unchanged Designing products and services to…
Sales increased by 13% 34.4 m 30.4 0.9 1.1 0.6 2.1 0.2 1.6 Delivery of one Alternative Energy biogas upgrader No major ground Growth driven by (none in the Recovery in storage projects the sub-sea tree corresponding deepwater…
Operating profit increased by 63% 2012 2013 m m m Cylinders 2.3 3.6 0.2 Engineered Products 1.0 1.6 0.6 0.6 Alternative Energy (0.5) (0.5) Acquisition evaluation 1.3 and amortisation costs (0.2) (0.4) Unallocated central costs…
Strong balance sheet 29 Sep 28 Sep 2012 2013 m m Intangible assets 3.4 3.2 Fixed assets 4.7 4.8 Inventories 6.9 7.2 Receivables 7.4 8.9 Payables (8.3) (9.8) Working capital 6.0 6.3 Tax provisions (0.7) (0.8) Net funds 2.7 4.0…
Operating cash flow 3.0 million m Operating cash flow 3.0m (2012: 1.9m) 0.2 Increased 0.8 working capital to 2013 support 0.6 closing increased Capital net expenditure 0.2 funds activity 4.0 Tax paid 0.9 Acquisition…
Oil and gas market driving Cylinders Revenue 17.3 million +6% Operating profit 3.6 million +56% Strong demand for deep water oil & gas platforms Orders ahead of same period last year Price reductions conceded for 2014 to maintain…
. and Engineered Products Revenue 16.0 million +13% Operating profit 1.6 million +60% Strong sales and profit growth at Al-Met Record sales arising from increased demand in the deep water oil and gas market Major customers reporting…
Breakthrough in Alternative Energy Revenue 1.1 million +0.9 million Operating loss 0.5 million No change Second upgrader project, Stockport, delivered in October 2012 Two orders received for delivery in 2014 - value 4.6 million…
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…