Interim Results 2013 For the six months to 30 March 2013 Presented by John Hayward, CEO, and James Lister, FD
Highlights Strong growth in revenues and profits Revenue up 30% at 16.4 million (2012: 12.6 million) Pre-tax profit of 1.33 million (2012: 0.46 million) Basic earnings per share increased to 8.5p (2012: 3.1p) Progressive dividend…
A 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
Sales increased by 30% 16.4 m 0.8 0.9 0.3 0.5 12.6 Delivery of one 2.2 biogas upgrader 0.1 Small increase in First half sales (none in the sales mix growth driven by corresponding favouring higher Al-Met 7.0 Alternative Energy…
Operating profit increased by 190% 2013 2012 m m m Cylinders 1.8 0.7 0.2 0.1 0.2 Engineered Products 0.3 0.5 1.1 Chesterfield BioGas (0.1) (0.2) 1.3 Acquisition and amortisation costs (0.1) (0.1) 0.5 Unallocated central…
Strong balance sheet 30 Mar 31 Mar 29 Sep H1 2013 H1 2012 FY 2012 m m m Intangible assets 3.3 3.8 3.4 Fixed assets 4.6 4.5 4.7 Inventories 6.8 6.0 6.9 Receivables 9.7 6.4 7.4 Payables (9.6) (8.2) (8.3) Working capital 6.9 4.2…
Operating cash flow 0.6 million Operating cash flow 0.6m (2011: 1.8m) m 0.9 1.8 2013 0.3 half 2013 year opening closing net 0.5 net funds 0.1 funds Increased working Capital capital to expenditure support increased…
Further progress in Cylinders Continued strong demand in principal market, deepwater oil & gas platforms Widening of product and customer base to offset Korean threat Diving support and winch markets strong Continued growth of in-situ…
Expanding Engineered Products Strong sales and profit growth at Al-Met Increased demand driven by substantial spending on deepwater project developments Major customers reporting record order books Hydratron strong recovery in orders…
Poised and ready Alternative Energy Biogas to UK gas Grid is the key market Second upgrader project, Stockport, delivered in October 2012 Number of large project opportunities increasing Regulatory issue, allowable oxygen in gas…
Outlook Results show the benefits of diversification Opportunities in all the Groups markets are good Cylinders - widen product and customer base Engineered Products - take greater market share in growing markets Alternative Energy -…