Slide 1: FW Thorpe Plc Investor Presentation 2025
FW THORPE PLC Investor Presentation 2025
Slide 2: Agenda
• Introduction and Brief History • Financial Highlights • Locations/Group Companies • Typical Applications/Case studies • Product Range/Market Positioning • Business Model • Sustainability • Strategy • Summary 2
Slide 3: Introductions
Introductions FW THORPE PLC Craig Muncaster Mike Allcock Chief Executive, Group Non-Executive Financial Director and Chairman Company Secretary Mike joined FW Thorpe Plc in 1984 as an apprentice After graduating in Business Administration, Craig working his way to Technical Director for Thorlux qual
Slide 4: Our timeline
Our timeline. FW THORPE PLC L Established by Frederick William L Moved to larger premises twice to L Floated on the London L Moved to our Redditch First acquisition - Mackwell L Transferred to AIM Thorpe and his son Ernest Thorpe. cope with the expansion into linear Stock Exchange headquarters Elect
Slide 5: Stand out performances from Thorlux and Zemper
• Stand out performances from Thorlux and Zemper • Disappointing results at Lightronics and Schahl - potential future growth opportunity • Majority of other businesses delivered an improved performance 5
Slide 6: Financial highlights and adjustments
• SchahlLED included in the Thorlux segment • Thorlux segment dampened by acquisition costs • Operating profit before acquisition adjustments – shows impact of acquisition adjustments • Amortisation of intangibles the main impact • EBITDA to demonstrate contribution of acquisitions • SBP charge incl
Slide 7: Our global footprint
Our global footprint Revenue by region Netherlands @ Rest of Europe e UNITED KINGDOM United Kingdom Thorlux Lighting Philip Payne Solite Europe Portland Lighting TRT Lighting Ratio EV 5 | Germany SchahILED eet) | | France Zemper Ireland Thorlux Lighting Spain Zemper 2:4] gy Australia Thorlux Lightin
Slide 8: 23 consecutive years of increased dividends
• 23 consecutive years of increased dividends 8
Slide 9: Revenue by group company
Revenue (£m) Revenue (£m) Revenue (£m) Revenue (£m) Revenue (£m) £97.0m +6% £10.9m -31% £21.8m -17% £12.8m +7% £21.9m +13% 2024: £91.9m 2024: £15.4m 2024: £26.2m 2024: £12.0m 2024: £19.4m 9
Slide 10: Group companies
Group companies FW THORPE PLC Typical applications Thorlux \\\ We rr a Thorlux Lighting a Ta iS |The Eris <i eros 10
Slide 11: ALIOTH
ALIOTH Redefining building safety through smart evacuation technology. Zemper continues to demonstrate its commitment to innovation and safety with the development of ALIOTH, an adaptive evacuation system designed to revolutionise how buildings respond to emergencies. ALIOTH offers a transformative
Slide 12: Revenue by group company
Revenue (£m) Revenue (£m) Revenue (£m) Revenue (£m) Revenue (£m) £4.3m +9% £7.9m -7% £4.5m +26% £5.0m +24% £10.0m -7% 2024: £3.9m 2024: £8.5m 2024: £3.5m 2024: £4.0m 2024: £10.8m 12
Slide 13: Group companies
Group companies FW THorpE Pic Typical applications
Slide 14: Group companies
Group companies FW Txorre Pic Typical applications PORTLAND i 1 5 = pgs GY) TRTLIGHTING LIGHTING "| | 14
Slide 15: Business model
Business model Customers come to us for peace of mind. They want the correct technical solution, professional service, sustainability of products/services and the ability to provide support during a product's warrantable life and beyond. Our business model is focused on the needs of customers and th
Slide 16: Market positioning
Market positioning FW THORPE PLC aS Commercial Industrial Education Healthcare Manufacturing ef & & % Hospitality Pharmaceutical Advertising Research & Facilities - Infrastructure Housing Development car parking “Our focus for long-term growth and stability, achieved by delivering market-leading pro
Slide 17: In house design and manufacture – LED circuit board
Safety related LED currently In house design products (Emergency Over 120 different 50,000 to 100,000 represents and manufacture – lighting systems) product ranges hour lifetimes approximately 98%+ LED circuit board represents 44% of of current revenues population current revenues 17
Slide 18: £63m SmartScan revenue
£63m SmartScan revenue 2025 18
Slide 19: Carbon neutral to net zero
Carbon neutral to net zero Having achieved carbon neutral status for our manufacturing and sales operations, via our offsetting project, we continue to expand measurement into other areas of our activities and target further carbon reductions as part of our overall journey to Net Zero. Upstream Repo
Slide 20: 36% of total load provision
36% of total load provision 20
Slide 21: Carbon offsetting
Carbon offsetting FW Thorpe is committed to minimising the environmental impact of both its manufacturing processes and its products. The company has therefore designed an ambitious carbon-offsetting scheme to help compensate for these emissions. 215 acres in Monmouthshire Purchased in 2009 - £0.8m
Slide 22: Carbon offsetting: The Brook woodland creation initiative
Carbon offsetting The Brook woodland creation initiative The Brook woodland scheme is being developed under the England Woodland Creation Offer (EWCO) and received significant funding from the Forestry Commission following a thorough technical review. The project spans 59 hectares dedicated to new w
Slide 23: Strategy
Strategy FW Tuorve Pic Our products are sold throughout the world. The Group management team is passionate about developing the business for the benefit of the shareholders, employees and customers. With the energy and ability of our staff we look forward to the future with enthusiasm. Our aim is to
Slide 24: Current trading and outlook
• Expect first quarter in line with 2024/25 • Thorlux slower start, continued investment –sector and territory specific • Lightronics and Schahl improved starts but inconsistent performance at present • Solid starts at both Zemper and Famostar • TRT profitable but not at the levels expected as yet •
Slide 25: Summary
• A well-positioned portfolio of companies in eight different countries • Innovative products with market-leading technology • Strong profit margins and robust balance sheet • Track record of growth • Progressive dividend • Stable ownership and management structure aligned with our shareholders 25
Slide 26: Disclaimer
Disclaimer FW THORPE PLC These presentation materials ("the Presentation Materials") are prepared by F W Thorpe Plc ("the Company") and constitute a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 ("FSMA"). The Presentation Materials may only be issu