Delivered Balanced Growing Preliminary Results Presentation Year Ended 29 September 2012 John Hayward, Chief Executive James Lister, Finance Director
Delivered Balanced Growing Delivered Revenue 30.4 million +32% Operating profit 1.8 million +157% Operating cash flow 1.9 million +1.0 million Dividend 7.5p +4% Balanced Engineered Products Division poised to become largest part…
Better balanced group Engineered Products Cylinders Alternative Energy Designing products and services to satisfy specific customer needs in: Oil and Gas Defence Industrial Gases Alternative Energy 3
Growth drivers Segment Key growth drivers Growth opportunity Engineered Products: Market growth in deepwater oil ++ and gas production Small in relation to major competitors but more flexible ++ and innovative Low risk product…
Sales increased by 32% 0.7 30.4 1.3 0.2 2.7 BtG upgrade m 23.1 6.6 project delayed to Lower sales into Strong growth in Qtr1 2013 due to 0.9 naval defence sales at Hydratron upgrader damage Alternative Energy market due to…
Operating profit increased by 157% 2012 2011 m m m Cylinders 2.3 1.5 0.1 0.2 Engineered Products 1.0 1.0 0.8 Chesterfield BioGas (0.5) (0.5) 1.8 Acquisition and (0.2) (0.4) amortisation costs 0.7 Unallocated central (0.8)…
Strong balance sheet 29 Sep 01 Oct 2012 2011 m m Intangible assets 3.4 3.9 Fixed assets 4.7 4.6 Inventories 6.9 5.0 Receivables 7.4 6.8 Payables (8.3) (7.0) Working capital 6.0 4.8 Tax provisions (0.7) (0.7) Net funds 2.7…
Operating cash flow increased by 1.0 million Operating cash flow 1.9m (2011: 0.9m) m 0.4 0.6 Increased working capital to Capital 0.8 2.9 support expenditure increased 2012 activity opening 0.8 2012 Final closing net…
Everything in the right direction 29 Sep 01 Oct 2012 2011 Sales (m) 30.4 23.1 Operating profit (m) 1.8 0.7 EBITDA (m) 2.9 1.5 PBT (m) 1.8 0.6 EPS basic (pence) 11.2p 3.5p EPS adjusted (pence) 12.5p 6.2p Dividend (pence) 7.5p…
Divisions Engineered Products Cylinders Alternative Energy 10
Expanding Engineered Products Sales revenues up 24% to 13.9 million Oil and gas market potential high Growing in all areas (eg sub-sea tree market forecast to grow 40% in 2013) Division an order of magnitude smaller than its major…
Rebalancing Cylinders Strong recovery in traditional main market, deepwater Oil & Gas platforms 2011 - 3 drillship projects supplied 2012 - 10 drillship projects supplied 2013 - 7 drillship projects won to date Continued…
Poised and ready Alternative Energy Main market Biogas to Grid Renewable Heat Incentive for BtG confirmed by Government Instilled confidence Major utility companies re-entering market Number and size of potential projects…
Summary Delivered Sales growth from recovery in Cylinders main market and Engineered Products Profit growth from Cylinders; Engineered Products sales growth yet to be reflected in the bottom line Balanced Engineered Products…
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