Hardide Plc · LSE:HDD
Hardide — Growth & Innovation Forum 2020
13 slides from Hardide's conference presentation, Feb 11, 2020
Slide 1: Growth & Innovation Forum 2020
Growth & Innovation Forum 2020 11 February 2020 Peter Davenport, Finance Director Dr. Yuri Zhuk, Technical Director
Slide 2: Hardide plc
Hardide plc • developed and commercialised patented CVD tungsten carbide nano-structured coating with a unique combination of properties; • the coating does what others can’t: coating complex shapes, both inside and outside and non-line of sight areas; • provides B2B coating service from sites in Bi
Slide 3: Hardide Coating Technology
Hardide™ Coating Technology • Coating is crystallised atom-by-atom from gases by Chemical Vapour Deposition (CVD); • 250x greater wear resistance than steel; • Protects against corrosion, acids and sour oil H2S; • Coated parts last 3x to 100x times longer; • Hardide enables high-value manufacturers
Slide 4: Hardide group facilities
Hardide group facilities UK – Head office and 10,000 sq.ft coating facility in Oxfordshire, to be expanded and relocated to larger 20,000 sq.ft premises in 2020 Russia – Research lab in Moscow. Scientists with decades in CVD research. Working on new Hardide formulations USA – 25,000 sq.ft coating fa
Slide 5: Key markets
Key markets Oil & Gas Flow Control ➢Used by leading oil ➢Severe service & gas service pumps & valves for providers – demanding downhole, well environments stimulation and subsea applications Precision Aerospace Engineering ➢BAE and Airbus ➢Power generation, approved, plastics extrusion, Leonardo app
Slide 6: Next target market: Power generation
Next target market: Power generation • Huge market size • Hardide coating protects turbine blades against erosion, improving generation efficiency, cutting CO2 emissions per kWt*Hour • Testing programs well-advanced with EDF and several leading turbine producers • UK patent granted, international pa
Slide 7: The market
The market The UK’s engineering coatings industry is worth over £11bn pa and affects products worth £140bn.1 Among these the traditional coatings which Hardide can potentially replace had the following values in 20101: The UK market values in 2010 AGR % PVD & CVD coatings £57M 4.6% Hard Facing/Therm
Slide 8: Business development
Business development ➢Two new major supply ➢Positive progress. Selected contracts in place for two A380 and A330 wing Oil & Gas ➢Strong pipeline of further Airbus parts, multiple further applications components at final stage before production ➢Additional high volume Flow components from the major p
Slide 9: Financial Trends
Financial Trends EBITDA for H2 2019 excludes costs associated with the new site © 2020 All content is confidential and remains the property of Hardide plc 9
Slide 10: Year on Year comparison
Year on Year comparison Sales grew strongly over the past four years (33% per year) but gross profit grew significantly faster (52% per year) and fixed costs (production overheads + admin costs) grew at only 15% per year. © 2020 All content is confidential and remains the property of Hardide plc 10
Slide 11: Investment proposition
Investment proposition ❖A unique coating technology that ➢Strong revenue growth fills a major gap in the range of competitors’ coatings:- ➢Strong balance sheet ➢coats uniformly where others cannot: ➢Large market size ➢complex shapes ➢Solid position in oil & gas sector ➢internal as well as external s
Slide 12: Thank you for listening!
Thank you for listening ! Meet us at Stand 18 © 2020 All content is confidential and remains the property of Hardide plc 12
Slide 13: Disclaimer
Disclaimer This document is for information purposes only and does not constitute or form part of, and should not be construed as, an offer, invitation or inducement to purchase or subscribe for any securities nor shall it or any part of it form the basis of, or be relied upon in connection with, an