Light Science Technologies Holdings Plc · LSE:LST
Light Science Technologies — Investor Day (February 2025)
145 slides from Light Science Technologies's investor day presentation, Feb 26, 2025
Slide 1: Capital Markets Day
WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM AGTECH (AGT) CAPITAL MARKETS DAY CONTRACT ELECTRONICS MANUFACTURING (CEM) CREATING GROWTH THROUGH INNOVATION LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC PASSIVE FIRE PROTECTION (PFP) AIM: LST
Slide 2: In the event of an emergency
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC IN THE EVENT OF AN EMERGENCY • An announcement will be made over the public address system. • The key word to listen out for is “ATTENTION”. • “EVACUATE” - leave the room immediately. A member of staff will meet you and direct you to the emergency exit. • Secu
Slide 3: Welcome
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC WELCOME WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M CREATING GROWTH THROUGH INNOVATION
Slide 4: Welcome: Introduction and Progress
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC WELCOME Introduction: • IPO on 15th October 2021 (3.5 years ago) • Raised £5m (gross) | MCap £17.5m Progress: • £1.5m (gross) fundraise in April 2023 • Acquired TomTech in September 2023 • Acquired Injecta Fire Barrier in November 2023 WWW.LIGHTSCIENCET ECHN O
Slide 5: The AgTech Cycle
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC WELCOME The AgTech (AGT) Cycle: • Trigger: Food security • Peak: $Billions raised • The Chasm • Trough: Market consolidation • Growth: Early adoption market WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M Group Summary: • LST has crossed ‘The Chasm’ • A portfolio
Slide 6: Presenters
WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CRAIG PRICE, OD GRAHAM COOLEY, CHAIRMAN PRESENTERS MARC ELLIS, MD SIMON DEACON, CEO CREATING GROWTH THROUGH INNOVATION SHAUN TASKER, MD JIM SNOOKS, CFO LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC RICHARD MEREDITH, DYSON ANDREW HEMPSALL, COO
Slide 7: Agenda
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC AGENDA • Group Overview Simon Deacon, CEO • R&D Dyson Farming Richard Meredith, Head of Research • AgTech (AGT) Craig Price, OD • Coffee Break | Exhibition • Contract Electronics Manufacturing (CEM) Marc Ellis, MD WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • P
Slide 8: Introduction to the Group
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC INTRODUCTION TO THE GROUP LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Creating Growth LSTH MISSION STATEMENT Through Innovation SIMON DEACON, CEO CREATING GROWTH THROUGH INNOVATION AIM: LST
Slide 9: Group divisions
WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM AGTECH (AGT) DIVISIONS CONTRACT ELECTRONICS MANUFACTURING (CEM) CREATING GROWTH THROUGH INNOVATION LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC PASSIVE FIRE PROTECTION (PFP) AIM: LST
Slide 10: Group Highlights
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC GROUP HIGHLIGHTS 70 3 >£50m >£3m Employees Growing market sectors Group quoted business Forward orders 120+ Customers WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Δ Δ c.29% c.28% >£1.9m c. 3x Cash and undrawn Share price uplift over Revenue growth for FY24 Gross
Slide 11: Combined Market Opportunity
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC COMBINED MARKET OPPORTUNITY AgTech (AGT) Global Smart Agriculture market size £47bn*(2033) with a compound growth rate of 11.3% (2023–2033) Current AGT Focus - market sizes Δ LED Grow lights: £9.6bn⌂ (2030); CAGR of 28.2% (2021-2030) c.£120bn Agricultural sens
Slide 12: Group Market Opportunity Timescale
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC GROUP MARKET OPPORTUNITY TIMESCALE 100,MS • AgTech (AGT) SIZE OF OPPORTUNITY • Contract Electronics Manufacturing (CEM) 100,MS WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Passive Fire Protection (PFP) 100,MS NEAR LONGER TIMESCALE CREATING GROWTH THROUGH INNOV
Slide 13: Group Video
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC GROUP VIDEO WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATING GROWTH THROUGH INNOVATION
Slide 14: Research & Development | Dyson Farming
RESEARCH & DEVELOPMENT | DYSON FARMING PRESENTER: RICHARD MEREDITH RICHARD MEREDITH, HEAD OF RESEARCH WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM AGRI-TECH (AGT) DYSON FARMING CREATING GROWTH THROUGH INNOVATION AIM: LST
Slide 15: Farming differently
Farming differently Science. Research. Experimentation. Richard Meredith Head of Research
Slide 16: Dyson Farming vision and mission
Dyson Farming vision and mission We are excited about growing the future of sustainable agriculture through innovation and people We will transform categories through reinvigorating the value in better tasting, healthier food, grown in harmony with the environment
Slide 17: Vision and mission
Vision and mission We are excited about growing the future of sustainable agriculture through innovation and people We will transform categories through reinvigorating the value in better tasting, healthier food, grown in harmony with the environment
Slide 18: 5 years, 5,126 prototypes
5 years 5,126 prototypes
Slide 19: Farmers today
FARMERS TODAY ACCOUNT MANAGER. MECHANIC. AGRONOMIST. NEW PRODUCT DEVELOPMENT MANAGER. AI DEVELOPER. NUTRITIONIST. AGRICULTURAL METEOROLOGIST. PACKHOUSE MANAGER. ANIMAL NUTRITIONIST. PROJECT MANAGER. BIODIVERSTIY SPECIALIST. QUALITY ASSURANCE ASSESOR. CROP SCIENTIST. RENEWABLE ENERGY TECHNICIAN. CROP
Slide 20: 10 years of Dyson in farming
10 years of Dyson in farming Modernisation of farm infrastructure at key operational hubs First Dyson strawberries Thimbleby & Edlington A year after ground was broken We acquired the flagship Direct supply at the Carrington Glasshouse site environmental farm along with We embarked on the journey th
Slide 21: What we do
What we do Food Energy Environment Research Property Farming in Lincolnshire, Converting crops into We have 1,300 ha of Providing independent Providing high quality Oxfordshire, West Berkshire renewable energy to environmental stewardship research and analysis into crop rural housing and leisure Glo
Slide 22: Industry challenges
Industry challenges Emissions and pollution Nutrition Labour – Climate change – 8.5% GHG emissions – 8bn to 10bn people in 25 years – Availability for manual tasks from Ag – Food poverty – Skills and training – Fertiliser and synthetic input usage – Ultra-processed, addictive foods – Fuels (diesel)
Slide 23: Our approach
Our approach British and better Farming differently Experimentation Better tasting, more nutritious Using technology to produce Investing in research and food, grown and produced in more using less, allowing us to engineering solutions that will Britain. operate in harmony with the help us produce b
Slide 24: British & better
British & better Better tasting, more nutritious food, grown and produced in Britain.
Slide 25: Premium British strawberries year round
Food security and innovation – Strawberries Aim Implementation Future Premium British Innovation and Vertical farming and strawberries year technology robotic picking round
Slide 26: Packed with zestiness
packed with zestiness neutral farms
Slide 27: Slide 27
Slide 28: Farming differently
Farming differently Using technology to produce more using less, allowing us to operate in harmony with the environment.
Slide 29: Innovative, technology driven farming
Innovative, technology driven farming Electronic ID tagging XFARM Robotics Adoption of a new farm management Individual performance and Automated UV and biological health records for every animal system, the first in the UK to use Xfarm crop protection. Robotic allow us to reduce prophylactic on a j
Slide 30: #2 AgriSound
A e #2 AgriSound supercontrol= . MARCO ~~ FIxflo JOHN DEERE
Slide 31: Slide 31
Slide 32: Carbon accounting: opportunities
Carbon accounting: opportunities Direct supply opportunity 80% reduction net emissions by 2035 Branding and marketing opportunities Methodology & data management Review of carbon accounting tools
Slide 33: Carbon accounting: challenges
Carbon accounting: challenges Lack of consistency 1 Many unknown factors remain 2 Multiple platforms and tools 3 Easy to feel overwhelmed 4
Slide 34: Measuring GHG emissions: new technology
Measuring GHG emissions: new technology Existing sensor measures the atmosphere: • light • CO2 • pressure • temperature • humidity New sensor measures N2O emissions and includes: • purge pump • microcontroller • flash memory Plan to add CO2 sensor in future. c. 50 devices deployed in Dyson nitrogen
Slide 35: Innovative, technology driven farming
Innovative, technology driven farming Electronic ID tagging XFARM Robotics Adoption of a new farm management Individual performance and Automated UV and biological health records for every animal system, the first in the UK to use Xfarm crop protection. Robotic allow us to reduce prophylactic on a j
Slide 36: On farm tests: Live Detection
On farm tests Live Detection
Slide 37: Spot Spraying
Spot Spraying Green on Brown
Slide 38: Experimentation
Experimentation Investing in research and engineering solutions that will help us produce better food in the future.
Slide 39: Energy: Pace Networks
Energy Running Pace towards Networks challenges
Slide 40: Focus areas
Focus areas Inputs from chemical to biological Digital - data AI SFI & land use Fuel and efficiency Equipment and machinery Nutrition and taste Carbon sequestration
Slide 41: Dyson Farming Research Innovation Farm
Dyson Farming Research Innovation Farm Encouraging risks Demonstrating system approaches & impact Multiple rotations Incubators for tech innovators. Education centre Location
Slide 42: Funded research projects
Funded research projects Nitrogen use efficiency Transformative reduced input potatoes UK plant protein Low carbon fertiliser Floatovoltaics Novel breeding techniques
Slide 43: Challenging the industry
Challenging the industry
Slide 44: Dyson farming
Dyson farming dysonfarming.com
Slide 45: AgTech Division
AGTECH DIVISION PRESENTER: CRAIG PRICE Through innovation of new technologies we provide solutions to growers allowing them to WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM AGT MISSION STATEMENT “Rethinking Farming”, “Grow more CRAIG PRICE, OD with less” and support the step change towards “Digital Agr
Slide 46: Craig Price, OD biography
AGTECH DIVISION PRESENTER: CRAIG PRICE Over 26 years experience in electronic design, production and manufacturing of various technologies inclusive of LED lighting, sensing and power distribution. With over 15 years of operational WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM management in previous co
Slide 47: AgTech Division Contents
AGTECH DIVISION CONTENTS • Highlights • Introduction video to the division | structure & market • How we produce our food “Rethinking Farming” • Three of the biggest current challenges • The Needs of a Plant WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • How our technology meets the needs of the marke
Slide 48: AgTech Division Highlights
AGTECH DIVISION HIGHLIGHTS 4 2 £42.5m Core Product Partnership Quoted Pipeline Ranges Developed Agreements First In -House Delivered our first Battery Powered, Design and project nuturGROW WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Modular Sensor Manufacture in Europe Platform >1.94m 4 2 N2O flux UK
Slide 49: Division Video
AGTECH DIVISION DIVISION VIDEO WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATING GROWTH THROUGH INNOVATION
Slide 50: Setting the Scene
AGTECH DIVISION SETTING THE SCENE Corporate Structure 2 companies leveraging over 35 years’ experience allowing us to develop a current pipeline: c.£42 million, Providing innovative technologies into the agtech market. Customer Offering • nurturGROW tuneable lighting system • sensorGROW sensors & Io
Slide 51: How we produce our food: Rethinking Farming
AGTECH DIVISION HOW WE PRODUCE OUR FOOD “Rethinking Farming” Δ Innovation WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM In its simplest form, is the act of creating or improving something to add value or solve a problem. CREATING GROWTH THROUGH INNOVATION
Slide 52: Challenges
AGTECH DIVISION CHALLENGES Food Security Land Use Carbon Human well-being Shortage of “croppable” land Farming impact • Climate Change & Extreme Weather • Urbanization & Industrial Growth • Soil Management Practices • Population Growth & Food Demand • Soil Degradation • Agricultural Energy Consumpti
Slide 53: A Plants Needs
AGTECH DIVISION A PLANTS NEEDS • Water Δ • Air • Light WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Warmth • Nutrients • Microbes to increase soil fertility • Pollinating agents CREATING GROWTH THROUGH INNOVATION
Slide 54: The Solution
AGTECH DIVISION THE SOLUTION The recipe of light given to plants Sensors & IoT Platform Technologies Environmental Control & Turnkey Solutions WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATING GROWTH THROUGH INNOVATION
Slide 55: Lighting Applications
AGTECH DIVISION LIGHTING APPLICATIONS nurturGROW, patented range of sustainable, modular lighting solutions inclusive of top light, inter-crop, and multi-layer LED lighting provisional for all the needs of the closed environmental agriculture space. WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATIN
Slide 56: Light Recipe
AGTECH DIVISION LIGHT RECIPE nurturGROW, patented range of sustainable, modular lighting solutions inclusive of top light, inter-crop, and multi-layer LED lighting provisional for all the needs of the closed environmental agriculture space. WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATING GROWTH
Slide 57: Light Recipe
AGTECH DIVISION LIGHT RECIPE nurturGROW, patented range of sustainable, modular lighting solutions inclusive of top light, inter-crop, and multi-layer LED lighting provision for all the needs of the closed environmental agriculture space. LED technology is Monochromatic, emitting single wavelength (
Slide 58: Sensors & IoT Platform
AGTECH DIVISION SENSORS & IOT PLATFORM Sensors play a vital role in providing Δ data to Improve: WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Yield • Forecasting • Quality • Control, prevent pests & diseases • Identify nutrient and salinity CREATING GROWTH THROUGH INNOVATION
Slide 59: Three Growers, Three Problems Solved
AGTECH DIVISION THREE GROWERS | THREE PROMBLEMS SOLVED Grower A Grower B Grower C Temperature & Humidity monitoring in Monitoring and managing the canopy Temperature & Humidity monitoring early lettuce, under fleece to detect environment to prolong the within potato haulm can provide early optimum c
Slide 60: sensorGROW Modular Platform
AGTECH DIVISION SENSORGROW- MODULAR PLATFORM OFFERING TAILORED MEASUREMENTS Zone Measurements • Light • Temperature Air • CO₂ • Humidity • Pressure • VPD (Vapour Pressure Deficit) • LoRaWan Communications • Battery Power WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Soil Temperature • Soil Moisture L
Slide 61: Multizone Sensor Introduction
AGTECH DIVISION MULTIZONE SENSOR INTRODUCTION In-Field CEA WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM With increasing pressures, and incentives from supply chains to reduce crop inputs, Farmers, Growers and Agronomists are looking for innovative ways to monitor crop health, more accurately predict t
Slide 62: Broadacre Development
AGTECH DIVISION BROADACRE DEVELOPMENT Outdoor trials | Dyson Farming. | Part of UKRI sensor development grant to support government objectives to reduce inputs in how we grow our food. • Helps farmers make informed decisions on when and how much fertiliser should be applied to crops • Gives a compre
Slide 63: IoT Platform
AGTECH DIVISION IOT PLATFORM WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATING GROWTH THROUGH INNOVATION
Slide 64: Control System & Turnkey Offering
AGTECH DIVISION CONTROL SYSTEM & TURNKEY OFFERING Our turnkey solution and installations are custom designed allow a grower to have complete control of their growing environment, utilising the latest sensor and IoT technologies which provide real-time analytics to maximise yield, crop health, qualit
Slide 65: Digital Agriculture Transformation
AGTECH DIVISION DIGITAL AGRICULTURE TRANSFORMATION Flagship product of the future. Leverages soil and crop science through AI and data science, driving sustainable agriculture. Enhancing crop yield, monitoring the environment and impact. Web App. Customer Realtime login to view real-time and histori
Slide 66: What does this mean for the sensor market
AGTECH DIVISION WHAT DOES THIS MEAN FOR THE SENSOR MARKET A potential market opportunity for worth £3.74bn* by 2032 • First battery powered multifunction product which can be used in various markets. WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Attractive growth area providing key data to growers th
Slide 67: Digital Agriculture
AGTECH DIVISION DIGITAL AGRICULTURE ‘Rethinking farming’ Digital agriculture will transform the way we produce food, making it more efficient, sustainable, and scalable, especially in the face of growing global population pressures and climate change. WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM “We c
Slide 68: Distribution Partnerships
AGTECH DIVISION DISTRIBUTION PARTNERSHIPS Focuses on African market entry and expansion for lighting, sensors and control systems WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Focuses on Toplight market opportunities to deliver best value to growers. CREATING GROWTH THROUGH INNOVATION
Slide 69: Strategy, Market & Vision: Revenue Transition
AGTECH DIVISION STRATEGY, MARKET & VISION FOR % REVENUE MAKE-UP TRANSITION • Expanding of our dealer and partner network to include Europe, North America, Canada, Gulf, and Australasia. • New product introductions, value added services, and an open API platform to maximise revenue opportunities. • T
Slide 70: Questions
AGTECH DIVISION QUESTIONS Rethinking Farming Digital Agriculture WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM AGT MISSION STATEMENT Grow more with less CRAIG PRICE, OD AGTECH (AGT) CREATING GROWTH THROUGH INNOVATION AIM: LST
Slide 71: Capital Market Day
WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM AGTECH (AGT) CAPITAL MARKET DAY CONTRACT ELECTRONICS MANUFACTURING (CEM) CREATING GROWTH THROUGH INNOVATION LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC PASSIVE FIRE PROTECTION (PFP) AIM: LST
Slide 72: Contract Electronics Manufacturing Division
CONTRACT ELECTRONICS MANUFACTURING DIVISION PRESENTER: MARC ELLIS, MD CONTRAT ELECTRONICS MANUFACTURING (CEM) We exist to make the world of electronics work and customers WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CEM MISSION STATEMENT lives easier. MARC ELLIS, MD CREATING GROWTH THROUGH INNOVATION
Slide 73: Marc Ellis, MD biography
CONTRACT ELECTRONICS MANUFACTURING DIVISION MARC ELLIS, MD • Worked at UK Circuits since 1997, over 27 years ago • Extensive knowledge of all business areas WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Became MD in 2019 • Turnover increased from £4.6m to £9.5m since becoming MD MARC ELLIS, MD BIOGRA
Slide 74: CEM Contents
CONTRACT ELECTRONICS MANUFACTURING DIVISION CONTENTS • Introduction | division video • Highlights • Market | Clients • Products • Pre Production Process | Production Process • Quality Control | Accreditations WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Case Study • Strategy | Outlook • Summary • Qu
Slide 75: Company Overview
CONTRACT ELECTRONICS MANUFACTURING DIVISION COMPANY OVERVIEW • Founded in 1997 • 28+ years of industry experience. • Incorporated into the Group in 2021 • Manchester-based specialist in contract electronics WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • 20,000 sq.ft facility • Manufacturing division f
Slide 76: Company Video
CONTRACT ELECTRONICS MANUFACTURING DIVISION COMPANY VIDEO WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATING GROWTH THROUGH INNOVATION
Slide 77: Highlights
CONTRACT ELECTRONICS MANUFACTURING DIVISION HIGHLIGHTS Continuous Rapid, high quality Onshoring investment in new volume UK Manufacturing equipment manufacturing Loyal client base Diverse spread of Increased revenue high repeat orders markets since IPO by 29%^ WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.
Slide 78: Market Trends
CONTRACT ELECTRONICS MANUFACTURING DIVISION MARKET TRENDS • Outsourcing ⚬ OEM focus on core competencies and outsource to CEM • Reshoring ⚬ Continuing trend post covid of move from the Far East to UK Manufacturers ⚬ Global semi-conductor shortages WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM ⚬ China/T
Slide 79: Market Opportunity
CONTRACT ELECTRONICS MANUFACTURING DIVISION MARKET OPPORTUNITY Own in-house manufacturing, selling into a range of markets including CEA, which de-risks the group. UK CEM and Design services market size: £22bn* (2030); CAGR of 8.8% (2024-2030) Market Segments (note IT & Telecoms predominantly OEM) W
Slide 80: Our Markets
CONTRACT ELECTRONICS MANUFACTURING DIVISION OUR MARKETS Pest Control Automotive Sports Entertainment Lighting WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Audio Gas Safety Systems HVAC & Building Control Medical CREATING GROWTH THROUGH INNOVATION
Slide 81: Our Clients
CONTRACT ELECTRONICS MANUFACTURING DIVISION OUR CLIENTS 100+ active clients 18 years 15 years 13 years 7 years WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM 6 years 5 years 5 years 5 years 2 years 1 year CREATING GROWTH THROUGH INNOVATION
Slide 82: Our Products
CONTRACT ELECTRONICS MANUFACTURING DIVISION OUR PRODUCTS WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM 20,000 units in 2024 251,600 units in 2024 22,484 units in 2024 CREATING GROWTH THROUGH INNOVATION
Slide 83: Pre-Production Process | Design
CONTRACT ELECTRONICS MANUFACTURING DIVISION PRE -PRODUCTION PROCESS | DESIGN WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATING GROWTH THROUGH INNOVATION
Slide 84: Pre-Production Process | Materials Management
CONTRACT ELECTRONICS MANUFACTURING DIVISION PRE -PRODUCTION PROCESS | MATERIALS MANAGEMENT • All items have unique part numbers • Lot traceability in the MRP system back to source • 7,284 stock SKUs over 21 categories • Full stock take at year end delivered a 0.06% variance WWW.LIGHTSCIENCETECHNOLO
Slide 85: Integrated MRP System
CONTRACT ELECTRONICS MANUFACTURING DIVISION INTEGRATED MRP SYSTEM Commercial pricing, procurement and materials and labour planning conducted via our integrated MRP system. ⚬ Enables reduced cash flows by planning ‘just in time materials’ and efficient labour resource planning ⚬ Quote hit rate of 62
Slide 86: Production Process | Surface Mount Technology
CONTRACT ELECTRONICS MANUFACTURING DIVISION PRODUCTION PROCESS | SURFACE MOUNT TECHNOLOGY (SMT) • SMT capability - designed for complex PCB manufacturing technology WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Automated SMT lines configured with conveyors, solder paste printing, and in-line reflow s
Slide 87: Production Process | Surface Mount Technology
CONTRACT ELECTRONICS MANUFACTURING DIVISION PRODUCTION PROCESS | SURFACE MOUNT TECHNOLOGY (SMT) • Over 30m components placed per year with production orders ranging from 2 units to 10,000 • DFN "Dual Flat No-Lead," packages are designed to be very small, making them ideal for space-constrained appli
Slide 88: Production Process | Through Hole Assembly
CONTRACT ELECTRONICS MANUFACTURING DIVISION PRODUCTION PROCESS | THROUGH HOLE ASSEMBLY • Used for larger assemblies or where a stronger mechanical bond is required • Carried out by Wave solder machine and hand soldering WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CREATING GROWTH THROUGH INNOVATION
Slide 89: Production Process | Box Build Assembly
CONTRACT ELECTRONICS MANUFACTURING DIVISION PRODUCTION PROCESS | BOX BUILD ASSEMBLY • Providing the client with a turnkey solution • Box assembly is the process of creating a finished product by putting electronic components and mechanical parts into a product enclosure WWW.LIGHTSCIENCETECHNOLO GIES
Slide 90: Production Process | Quality Assurance
CONTRACT ELECTRONICS MANUFACTURING DIVISION PRODUCTION PROCESS | QUALITY ASSURANCE • Inspection carried out at every manufacturing stage • Offline AOI inspection carried out on 100% • High definition camera for inspecting fine pitch components • Testing carried out using bespoke automated test equip
Slide 91: Accreditations
CONTRACT ELECTRONICS MANUFACTURING DIVISION ACCREDITATIONS ISO9001:2015 • Quality Management System (QMS) • Framework that drives continuous improvement • Standard held for over 25 years ISO14001:2015 WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Environmental Management System (EMS) • Framework that
Slide 92: Group Case Study
CONTRACT ELECTRONICS MANUFACTURING DIVISION GROUP CASE STUDY WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • AGT division’s sensorGROW products are manufactured and assembled at CEM factory • Our Engineering team work with the AGT division's Software and Electronic Design Engineers • The Design enginee
Slide 93: Group Case Study
CONTRACT ELECTRONICS MANUFACTURING DIVISION GROUP CASE STUDY WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM In these images, the PCB boards are represented as 2 and 3D CAD models and also as a 2D schematic layout which enables us to manufacture the boards on the SMT lines CREATING GROWTH THROUGH INNOVAT
Slide 94: Strategy and Outlook
CONTRACT ELECTRONICS MANUFACTURING DIVISION STRATEGY AND OUTLOOK For the next 12 months, the focus will be on the following: • Building on our strong forward order book, going into 2026. • Continuing the trend of improving material margins and labour efficiency • Developing OEM capabilities to build
Slide 95: Summary
CONTRACT ELECTRONICS MANUFACTURING DIVISION SUMMARY • Strong consistent and growing revenues • Recurring revenues from long-standing customer base • Diverse range of markets served • Long standing employee service of 8 years average WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Integrated processes d
Slide 96: Questions
CONTRACT ELECTRONICS MANUFACTURING DIVISION QUESTIONS CONTRAT ELECTRONICS MANUFACTURING (CEM) We exist to make the world of electronics work and customers WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM CEM MISSION STATEMENT lives easier. MARC ELLIS, MD CREATING GROWTH THROUGH INNOVATION AIM: LST
Slide 97: Passive Fire Protection Division
PASSIVE FIRE PROTECTION DIVISION PRESENTER: SHAUN TASKER, MD Our mission is to enhance building safety through robust, efficient, and compliant fire barrier solutions. PASSIVE FIRE PROTECTION (PFP) We pride ourselves on our core WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM PFP MISSION STATEMENT values
Slide 98: Shaun Tasker, MD biography
PASSIVE FIRE PROTECTION SHAUN TASKER, MD • Over 20 years of experience • Construction | Facilities Management • Operations | Safety & Compliance WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Commercial | Sales & Marketing SHAUNTASKER, MD • Business Development | Partnership Building BIOGRAPHY CREATIN
Slide 99: PFP Contents
PASSIVE FIRE PROTECTION CONTENTS • Company Overview | Introduction Video • Highlights | Legislation • Market Opportunity • Target Market • How it works & Benefits • Projects | Testimonials WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M • Accreditations • Strategic Outlook • Summary • Q&A Session CREAT
Slide 100: Company Overview
PASSIVE FIRE PROTECTION COMPANY OVERVIEW Innovative and compliant | Cavity fire barrier solutions for residential, commercial, industrial and public sectors. With extensive experience in fire safety remediation, we help protect buildings and save lives. WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M R
Slide 101: Introduction Video
PASSIVE FIRE PROTECTION DIVISION INTRODUCTION VIDEO WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M CREATING GROWTH THROUGH INNOVATION
Slide 102: Highlights 2024 - 2025
PASSIVE FIRE PROTECTION DIVISION HIGHLIGHTS 2024 - 2025 Profitable & Cash Orders received >£14m Strong Margins Generative ^ £2.7m Quoted Pipeline H2 2024 WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M 130% 213% 300+ 10 Increase in Visitor Increase Partnership Follow Buildings enquires Social Media on
Slide 103: Legislation Driving the Industry
PASSIVE FIRE PROTECTION DIVISION LEGISLATION DRIVING THE INDUSTRY Fire Safety Act 2021 • Requires building PASSIVE FIRE owners(PFP) PROTECTION and managers to assess fire risks in external walls, cladding, balconies, and windows. • Increase in fire risk assessments (multi-occupancy residential build
Slide 104: The Market Opportunity
PASSIVE FIRE PROTECTION DIVISION THE MARKET OPPORTUNITY Bottom up Analysis # of Typical Project Potential Total Building Type Remediation Value (per PFP Addressable Buildings quoted Pipeline) Market High Rise 11,000 £1m £11bn (Above 18 metres) WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M Mid Rise 33
Slide 105: Target Markets and Stakeholders
PASSIVE FIRE PROTECTION DIVISION TARGET MARKETS AND STAKEHOLDERS Target Markets PASSIVE FIRE PROTECTION (PFP) • Residential, • Commercial • Industrial • Public buildings End Customers • Building Owners & Developers WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M • Contractors and Consultants Other stak
Slide 106: How It Works
PASSIVE FIRE PROTECTION DIVISION HOW IT WORKS • Acrylic-based graphite sealant PASSIVE FIRE PROTECTION (PFP)designed to reinstate fire resistance in walls and floors requiring retrospective cavity barriers. • Sealant is pumped into voids at the desired depth and width using a patented method. • Syst
Slide 107: Key Benefits & Quality Assurance
PASSIVE FIRE PROTECTION DIVISION KEY BENEFITS & QUALITY ASSURANCE • No need to remove existing building façade, significantly reducing costs. • Speedy PASSIVEinstallation compared FIRE PROTECTION to traditional façade removal (PFP) • Used for cavities up to 200mm • Suitable for vertical and horizont
Slide 108: Project Values
PASSIVE FIRE PROTECTION PROJECT VALUES SALFORD - £600K SALFORD P2 - £1.175m WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M LIVERPOOL - £124K NOTTINGHAM- £757k CREATING GROWTH THROUGH INNOVATION
Slide 109: Testimonials
PASSIVE FIRE PROTECTION DIVISION TESTIMONIALS "Working with Injecta fire barrier has been an outstanding experience.” David Richardson, Project Manager, Quaysquare Consult Ltd “Partnering with Injecta Fire Barrier on our recent Nottingham Project was the professional solution we needed.” WWW.LIGHTSC
Slide 110: Accreditations
PASSIVE FIRE PROTECTION DIVISION ACCREDITATIONS IFC Certification (3183) • International Fire Consultants • PASSIVE FIRE with Compliance PROTECTION (PFP)regulations and fire safety standards UK building • Key Benefit: Validates product performance and builds client trust ASFP Accreditation (3380/C)
Slide 111: Strategic Outlook
PASSIVE FIRE PROTECTION DIVISION STRATEGIC OUTLOOK For the next 12 months, the focus will be on: • Scaling Injecta Fire Barrier as the leading independent installer for use PASSIVE FIRE PROTECTION (PFP) across the UK in target sectors of student accommodation, residential, commercial, and industrial
Slide 112: Summary
PASSIVE FIRE PROTECTION DIVISION SUMMARY PASSIVE FIRE PROTECTION (PFP) • Large market • Strong margins • Low risk • Cash generative WWW.LIGHTSCIENCET ECHN OLOGIESHOL DINGS.CO M • First mover advantage • Highly scalable • Strong contribution to the Group CREATING GROWTH THROUGH INNOVATION
Slide 113: Questions
PASSIVE FIRE PROTECTION DIVISION QUESTIONS Our mission is to enhance building safety through robust, efficient, and compliant fire barrier solutions. PASSIVE FIRE PROTECTION (PFP) We pride ourselves on our core WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM PFP MISSION STATEMENT values of safety, qualit
Slide 114: Financial Overview
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Creating Growth Through Innovation LSTH MISSION STATEMENT JIM SNOOKS, CFO CREATING GROWTH THROUGH INNOVATION AIM: LST
Slide 115: Financial Overview | Group Revenue
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | GROUP REVENUE For Financial Years ending 30 November - Unaudited for FY24^ YoY% c.29.0 YoY% 13.8 U • Year-on-year Group Revenue growth: c.29.0% for FY24 YoY% 10.5 N A • Revenue growth is organic and acquisitive U D • Scaling PFP and AGT di
Slide 116: Financial Overview | Group Gross Margin %
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | GROUP GROSS MARGIN% For Financial Years ending 30 November - Unaudited for FY24^ 4 3 U N A • Group Gross Margin % increased by 56% FY22 to Fy24 2 U D I WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM 1 T • Strong Gross Margin % contribution fro
Slide 117: Financial Overview | Group EBITDA
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | GROUP EBITDA* For Financial Years ending 30 November - Unaudited for FY24^ U UNAUD I N A U D • Tight overhead control in all divisions and holding company I T • FY23: realigned cost base with 29% overhead reduction E D • H1 2024: maintaine
Slide 118: Financial Overview | Net Profit/Loss
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | GROUP FULL YEAR & INTERIM NET PROFIT/LOSS For Financial Years ending 30 November - Unaudited for FY24^ U UNAUD I N A U D I T E D • H2 2024: generated Net Profit before Tax for the first time NET PROFIT / LOSS £M • Full Year FY24: Net Loss
Slide 119: Financial Overview | Group Balance Sheet
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | GROUP BALANCE SHEET For Financial Years ending 30 November - Unaudited for FY24^ • Goodwill and Acquisition Intangibles Assets: originating £,000 30/11/21 30/11/22 30/11/23 30/11/24 from the earnings enhancing acquisitions in the AGT and P
Slide 120: Financial Overview | Group Investment Summary
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | GROUP INVESTMENT SUMMARY Fundraise £,000 Equity Fundraises IPO 15/10/21 • Efficient use of Equity funding, springboarding 62% 24/04/23 Gross Proceeds 5,000 1,590 Revenue growth over 3 years since IPO, becoming Fundraise Costs (1,120) (130)
Slide 121: Financial Overview | Cash & Banking Facilities
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | GROUP CASH & BANKING FACILITIES For Financial Years ending 30 November - Unaudited for FY24^ • Increased Cash position at end FY24 to c.£1.2m with additional undrawn funds availability from working capital facilities of c.£0.7m, total c.£1
Slide 122: Financial Overview | Share Register
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | SHARE REGISTER Other Simon Deacon 37.4% 28.9% Name No. of Shares % Daniel Holliday • Well balanced Share Register between Institutional, Simon Deacon 96,203,613 28.9 11.0% Guinness Graham Cooley High Net Worth and Retail investors Daniel H
Slide 123: Financial Overview | Share Trading
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | SHARE TRADING SHARE PRICE GBX* • Share price increased by x3 since last fundraise in April 2023 • 35 RNS released during FY24 • Highest trading volumes: > May /Jun 24 - FY23 Annual Report WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM > Aug 24
Slide 124: Financial Overview | Summary
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | SUMMARY • c.62% Revenue growth over three years since IPO^ • Year-on-year organic growth in CEM division • 2 acquisitions well integrated into Group, providing scaling growth alongside commercial and financial synergies WWW.LIGHTSCIENCETEC
Slide 125: Financial Strategy & Outlook
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | FINANCIAL STRATEGY & OUTLOOK • Progressive performance in FY24 provides a solid springboard for continued growth • Continue to reshape Group Revenue with scaling PFP and AGT divisions • Organic and acquisitive Revenue growth opportunities
Slide 126: Financial Overview | Questions
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC FINANCIAL OVERVIEW | QUESTIONS LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC Creating Growth WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Through Innovation LSTH MISSION STATEMENT JIM SNOOKS, CFO CREATING GROWTH THROUGH INNOVATION AIM: LST
Slide 127: Group Outlook & Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC GROUP OUTLOOK & STRATEGY LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Creating Growth LSTH MISSION STATEMENT Through Innovation SIMON DEACON, CEO CREATING GROWTH THROUGH INNOVATION AIM: LST
Slide 128: Group History
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC GROUP HISTORY The group has turned a page during 2024, The last three years since joining AIM on the London Stock Exchange have been challenging. • The war In Ukraine resulted in the energy crisis and shortage of food WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM
Slide 129: Group History
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC GROUP HISTORY During these challenging times, the following has been achieved • Revenue Growth of 62%^ • Margin Growth of 56%^ • 2 Acquisitions, AgTech and Passive Fire Protection divisions WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM • Stable overheads despite
Slide 130: AgTech Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC AGTECH DIVISION STRATEGY • Driven by food security and extreme weather • Global market opportunity of £47 billion* • Focus on providing growers with smart technologies they need to create the optimum environment to: ⚬ Increase profitability WWW.LIGHTSCIENCETEC
Slide 131: AgTech Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC AGTECH DIVISION STRATEGY Intelligent software providing live data is key for a successful growing environment. Agriculture is becoming automated and technology-led: • Tractors that can operate 24hrs a day • Monitoring: real-time data allowing decisions to be m
Slide 132: AgTech Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC AGTECH DIVISION STRATEGY • Nitrous oxide (N₂O) sensor currently on trial at Dyson Farming • N₂O is less abundant in the atmosphere than Carbon Dioxide or Methane, however its global warming potential is nearly 300 times that of carbon dioxide over a 100- year
Slide 133: AgTech Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC AGTECH DIVISION STRATEGY • Continue growing and converting the strong AGT pipeline of £42 million • Expansion through partnerships: Globally and locally within a country, providing customers with on the ground support WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM
Slide 134: Contract Electronics Manufacturing Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC CONTRACT ELECTRONICS MANUFACTURING DIVISION STRATEGY • Driven by on-shoring/supply chain security • UK market size £22 billion* • Servicing the loyal client base built up over the last 28 years • Servicing new markets including new client in the sports enterta
Slide 135: Contract Electronics Manufacturing Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC CONTRACT ELECTRONICS MANUFACTURING DIVISION STRATEGY • Market opportunities: the return to UK manufacturing from the Far East and from Europe (following Brexit) to alleviate the associated costs: ⚬ Transport/administration of goods ⚬ Tariffs being imposed on c
Slide 136: Contract Electronics Manufacturing Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC CONTRACT ELECTRONICS MANUFACTURING DIVISION STRATEGY Future focus: • Client partnerships increasing visibility • Providing more turnkey solutions to meet client’s needs and increase product value • Entering new markets: targeting medical, military, IT and traf
Slide 137: Passive Fire Protection Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC PASSIVE FIRE PROTECTION DIVISION STRATEGY • Driven by Government legislation to make UK buildings safe from fire and smoke • £6 billion Government support • UK market size of £50 billion* • Estimated potential for 20 years of work WWW.LIGHTSCIENCETECHNOLO GIES
Slide 138: Passive Fire Protection Division Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC PASSIVE FIRE PROTECTION DIVISION STRATEGY • Focus on new technologies to enhance current offering • Utilise Group sensor and software technologies: ⚬ Create a cavity early warning system using sensor technologies WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM ⚬ Wi
Slide 139: Group Strategy
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC GROUP STRATEGY • This is the start of a new chapter and new horizons for the Group • Challenges of running a business and mechanism of managing these are key • The Group now has three divisions de-risking the business model by ensuring the technology provided
Slide 140: CEO's Year Vision
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC CEO’S 5 YEAR VISION • Take the Group from a c.£12^ million to a £50 million revenue business • Selling hardware and software products • Generating c.20% recurring revenue in the AgTech division • Continue to build cash generation within the Group • Expand orga
Slide 141: CEO's 5-Year Vision
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC CEO’S 5-YEAR VISION Water pollution monitoring • Developing Methane (CH4) and Ammonia (NH3) sensors • A water course sensor to detect pollution in rivers, canals, oceans and other bodies of water Air pollution monitoring What if we had a sensor on every house
Slide 142: CEO Closing Comments
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC CEO CLOSING COMMENTS • Looking forward to the next 12 months and beyond, building a brighter and better technology Group • Having a sensible approach with a clear strategy and a solid team to deliver our WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM ambitions wil
Slide 143: Questions
LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC QUESTIONS LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM Creating Growth LSTH MISSION STATEMENT Through Innovation SIMON DEACON, CEO CREATING GROWTH THROUGH INNOVATION AIM: LST
Slide 144: Thank You
WWW.LIGHTSCIENCETECHNOLO GIESHOL DINGS.COM AGTECH (AGT) THANK YOU CONTRACT ELECTRONICS MANUFACTURING (CEM) CREATING GROWTH THROUGH INNOVATION LIGHT SCIENCE TECHNOLOGIES HOLDINGS PLC PASSIVE FIRE PROTECTION (PFP) AIM: LST
Slide 145: Disclaimer
DISCLAIMER IMPORTANT INFORMATION The information contained in these slides and this presentation is being supplied to you by Light Science Technologies Holdings plc (the “Company”) solely for your information. For the purposes of this disclaimer references to the “Presentation” shall mean and includ
Light Science Technologies Holdings — Investor Day (February 2025) on 6ix