Image Scan Holdings Plc · LSE:IGE
Image Scan — Shareholder Meeting (February 2020)
14 slides from Image Scan's shareholder meeting presentation, Feb 25, 2020
Slide 1: Image Scan Holdings plc Annual General Meeting 2020
Image Scan Holdings plc Annual General Meeting 2020 William Mawer - Chairman February 2020
Slide 2: Agenda
Presentation Title 2 Agenda PRESENTATION QUESTIONS RESOLUTIONS PUT BEFORE THE MEETING FACILITY TOUR AND SYSTEM DEMONSTRATIONS
Slide 3: Presentation disclaimer
3 These presentation slides (the “Slides”) have been issued by Image Scan Holdings Plc (the “Company”) in relation to its Annual General Meeting on 25 February 2020 The Slides have been prepared by and are the sole responsibility of the Company. Although all reasonable care has been taken to ensure
Slide 4: Introduction to Image Scan Holdings plc
4 Introduction to Image Scan Holdings plc Developer and manufacturer of X-ray inspection systems • Currently focussed on two distinct markets – Portable X-ray for security and bomb detection – Industrial inspection for automotive emission control • 90% of sales overseas • Expanding product range • 1
Slide 5: Our primary business areas
5 Our primary business areas Portable X-ray inspection systems Industrial X-ray inspection systems X-ray threat detection systems for: X-ray inspections systems for catalytic converters and diesel particulate filters • bomb technicians Key account sales to global automotive customers • prisons Low v
Slide 6: Image Scan's performance
6 Image Scan’s performance Financial Years 2015 2016 2017 2018 2019 FY 2019 Sales £1.7m £3.3m £5.0m £3.5m £2.4m Order intake: £3.9m GP% 38% 42% 39% 48% 54% Year end position: Overheads £1.3m £1.4m £1.5m £1.6m £1.7m • Order book: £1.7m • Cash: £640k EBIT (£640k) £105k £477k £96k* (£403k)* * Note: A £
Slide 7: Key business aims for 2020 and beyond
7 Key business aims for 2020 and beyond Deliver projects won late in FY19 Maintain order intake momentum Continue to strengthen current products Expand product range • Internal development • Partnership Expand into North America Position for future acquisitions Portable X-ray order waiting for dispa
Slide 8: Continue to strengthen products
8 Continue to strengthen products Continued innovation of portable X-ray product range Examples include: • Communications range extension • Improved detectors and generators • Enhanced image processing tools • Wider deployment options We will continue to tailor systems to a wide range of operation r
Slide 9: Expanding the product range
9 Expanding the product range New security development project • New X-Ray inspection system for scanning bags, personal effects and mail • Market: Government and commercial buildings, prisons • Based on current hardware/software technology • Will go to market through existing partners • Prototype h
Slide 10: Expanding the product range: New partnerships
10 Expanding the product range New partnerships UK distribution agreement signed with Gilardoni, leading Italian X-ray company • Significant UK installed base with opportunities to expand • Potential for service revenue Working with potential suppliers for replacement of Axis conveyor X-ray product
Slide 11: North American market
11 North American market Target: state and local bomb squads • Cost effective upgrade to old technologies New sales consultant – John Howell • Ex US Marine senior bomb technician • Educator on threat detection and identification • Already strong advocate for ISH technology • Will also support new pr
Slide 12: Industrial - inspection
12 Industrial - inspection We non-destructively inspect catalytic converters and diesel particulate filters THE MARKET Typical catalytic Well defined niche – now adopting X-ray imaging converters Blue Chip automotive customers Growing emphasis on clean emissions and quality control (especially In In
Slide 13: Summary
13 Summary Strong product pipeline and new customers Opportunities for growth Management remain ambitious and committed
Slide 14: 3DX-RAY is a trading company of Image Scan
3DX-RAY is a trading company of IMAGE SCAN INSIGHT WHERE IT MATTERS
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