Slide 1: Investor Presentation Interim Results
Investor Presentation Interim Results Period ended 30 June 2022
Slide 2: Financial, Operational and Strategic Highlights
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 01. Financial, Operational and Strategic Highlights 2
Slide 3: H1 2022 Highlights
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results H1 2022 Highlights Financial Operational Commercial ▪ The Group reported revenue of £50.7m, a decrease of ▪ Production efficiency of core kettle products improved ▪ Successfully implemented further product price increases 7.3% versus t
Slide 4: Medium Term Targets
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Medium Term Targets Objectives Updates ✓ Performance in kettle controls category has been adversely impacted by the ongoing conflict in Ukraine on certain Double revenues over the next 5 years (2020 – 2025) peripheral geographies. Wate
Slide 5: Financials
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 02. Financials 5
Slide 6: Financial Highlights
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Financial Highlights Revenue (£m) Adjusted Gross Profit(1) (£m) Adjusted EBITDA(1) (£m) (7.3%) (4.9%) (8.6%) 2022 50.7 2022 19.5 2022 15.9 2021 54.7 2021 20.5 2021 17.4 2020 34.7 2020 13.8 2020 13.6 Revenue decreased by 7.3%. As stated
Slide 7: Cash Flow
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Cash Flow Commentary Financing & Tax: £2.0m outflow (H1 2021: £2.3m outflow) primarily increased due to interest charges, partially offset by savings on IFRS16 lease payments and taxes. Net working capital: £4.2m outflow (H1 2021: £0.4
Slide 8: Net Working Capital Balance
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Net Working Capital Balance Commentary ▪ Net working capital which includes inventories, £23.6m trade and other receivables, and trade and other payables (including tax liabilities, £21.0m excluding short-term portions of long-term £20
Slide 9: Net Debt £61.3m 1.6x
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Net Debt Net debt Net debt / adjusted EBITDA(1) Net working capital draw from At 30 June 2022 ratio at 30 June 2022 trough to peak £61.3m 1.6x £7.2m £51.2m at 31 December 2021 1.3x at 31 December 2021 £11.3m net working capital draw at
Slide 10: Kettle Control Category
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 03. Kettle Control Category 11
Slide 11: 2020 – 2025 Revenue Growth Drivers: Kettle Controls H1
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 2020 – 2025 Revenue Growth Drivers: Kettle Controls H1 Kettle Controls: H1 2021 vs. H1 2022 Sales Value Market Share maintained at 56% in a market softening @15%1 (11.7%) China Market adversely impacted by prolonged Covid shutdowns Les
Slide 12: Water Category
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 04. Water Category 14
Slide 13: 2020 – 2025 Revenue Growth Drivers: Water (Commercial & Domestic) H1
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 2020 – 2025 Revenue Growth Drivers: Water (Commercial & Domestic) H1 Water : H1 2021 vs. H1 2022 Sales Value Market Growth 5% CAGR 2022 - 2025 3.0% New Products New innovative designs Leading technology Engineered for each region H1 Pr
Slide 14: Appliances Category
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 05. Appliances Category 14
Slide 15: 2020 – 2025 Revenue Growth Drivers: Appliances
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 2020 – 2025 Revenue Growth Drivers: Appliances Appliances: H1 2021 vs. H1 2022 Sales Value Market Growth 3% CAGR 2022 - 2025 7.0% Successful launch of world’s fastest sterilizer-dryer with leading USA Baby Care brand. Visione Induction
Slide 16: ESG
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 06. ESG 16
Slide 17: ESG Developments
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results ESG Developments Sustainability now firmly embedded within Strix continuous improvement philosophy and interim sustainability report now published Category Actions Renewable energy contracts signed for all major facilities. Solar insta
Slide 18: Outlook
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 07. Outlook 24
Slide 19: Highly targeted acquisitions remain an important part of our value creation strategy
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Highly targeted acquisitions remain an important part of our value creation strategy Approach Evaluation Progress ▪ Detailed acquisition framework in line with strategic ▪ Highly selective evaluation methodology ▪ Acquisition of LAICA
Slide 20: Outlook Statement
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Outlook Statement ▪ Macroeconomic and geopolitical uncertainty looks set to continue in the near term, presenting our markets with challenges over the next 12 months. ▪ In light of the significant and well-publicised macro headwinds wh
Slide 21: Appendices
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results 08. Appendices 21
Slide 22: Our Story
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Our Story 22
Slide 23: Capital Allocation
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Capital Allocation Strix Group has significant liquidity providing financial flexibility to continue to deploy capital consistent with its allocation of capital priorities and is focused on investing in compelling growth opportunities
Slide 24: Sustainability Overview and Timeline
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Sustainability Overview and Timeline 2020 2021 2022 2023 SDG analysis KPIs and targets set Full implementation of TCFD TCFD Reporting - Scenario analysis Scope 3 and lifecycle analysis including increased supplier engagement First sust
Slide 25: Key Sustainability KPIs and Targets
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Key Sustainability KPIs and Targets KPI Performance Target Focus for 2022/2023 Implement the plan for net zero scope 1&2 emissions. Focus on Scope 1, 2 & 3 emissions (business travel): Scope 3 supply chain emissions and Life Cycle Asse
Slide 26: Disclaimer
STRIX TECHNOLOGY Investor Presentation | H1 2022 Interim Results Disclaimer This presentation has been prepared by Strix Group Plc (the “Company”) and comprises the following presentation slides (the “Slides”) for the sole use at a presentation concerning the Company. The Slides contain statements t
Slide 27: Strix Technology
Strix TECHNOLOGY