Chesterfield Special Cylinders Holdings Plc · LSE:CSC
Chesterfield Special Cylinders — Pressure Technologies — Shareholder Meeting (February 2011)
17 slides from Chesterfield Special Cylinders's shareholder meeting presentation, Feb 10, 2011
Slide 1: AGM Presentation
Pressure Technologies plc AGM Presentation 10 February 2011 John Hayward CEO Engineering solutions for high pressure markets 1
Slide 2: A leading designer and manufacturer of speciality engineering solutions for high pressure systems
Pressure Technologies plc A leading designer and manufacturer of speciality engineering solutions for high pressure systems serving large global markets Engineering solutions for high pressure markets 2
Slide 3: Highlights
Highlights Transformation of Group through strategic diversification programme well underway with acquisition of Al-Met and, post year end, Hydratron Chesterfield BioGas successfully completed the first UK biogas to grid project Operating management and engineering resources strengthened and capital
Slide 4: Group Structure
Group Structure Pressure Technologies - Group parent incorporated for admission to AIM Engineered Products Chesterfield Special Chesterfield BioGas Division Cylinders Hydratron Group Al-Met acquired Ultra-Large Cylinders Small Cylinders post balance sheet 15 October 2010 Engineering solutions for hi
Slide 5: Chesterfield Special Cylinders
Chesterfield Special Cylinders Engineering solutions for high pressure markets 5
Slide 6: CSC Markets Oil and Gas
CSC Markets Oil and Gas Oil and Gas Short term reduction in demand due to Lack of confidence Gulf of Mexico Expectation of cycle returning to growth in 2011/12 Petrobras, Brazil key driver Evidence of orders and enquiries from our major customers Significant pipeline for support projects Increased f
Slide 7: CSC Markets - Other: Naval, Trailers & Bulk Storage
CSC Markets - Other Naval Major projects underway for France & Spain Orders won for Astute Submarine 5, CVF aircraft carriers Pipeline Spares programmes Astute, Trident replacement and overseas Trailers & Bulk Storage Trailer reconditioning business continues to progress New trailer market dipped in
Slide 8: CSC Markets - Other: Small Cylinders
CSC Markets - Other Small Cylinders Focus on this area starting to see expansion of customer base 20 new customers in the year Development Products composites for aerospace market Services extending re-test into the civil aviation market Engineering solutions for high pressure markets 8
Slide 9: Chesterfield BioGas
Chesterfield BioGas Engineering solutions for high pressure markets 9
Slide 10: Chesterfield BioGas
Chesterfield BioGas Moving from marketing to sales phase Good first mover recognition of the Chesterfield brand Engineering and design resource strengthened Renewable Heat Incentive (RHI) Key to biomethane to grid ( BtG ) Initial values published Q1 2010 gave impetus to large utilities Level of RHI
Slide 11: Chesterfield BioGas Vehicle fuelling systems
Chesterfield BioGas Vehicle fuelling systems Designed and built first filling station Meets all UK regulations Cross selling CSC to Chesterfield BioGas Filling station on short term lease to Sheffield Council for trials and proof of concept Infrastructure grant won to develop a trailer based refuell
Slide 12: Engineered Products Division
Engineered Products Division Engineering solutions for high pressure markets 12
Slide 13: Al-Met
Al-Met Acquired 5 February 2010 Consideration £2.25 million Niche supplier of flow control and valve wear parts for oil and gas sector Capability to combine super alloys and carbide Prior year £4.2 million turnover £0.5 million EBITDA Order book - strong growth through second half of 2010 continuing
Slide 14: Al-Met growth target
Al-Met Growth target to double size of business in 3 to 5 years by investment in sales and marketing resources to target expected growth in core market Engineering solutions for high pressure markets 14
Slide 15: Hydratron
Hydratron Acquired 15 October 2010 Consideration £3.3 million of which £2.5 million paid on completion, £0.4 million due October 2011 and August 2012 Niche designer and manufacturer of air operated high pressure pumps, gas boosters, power packs, hydraulic control panels and test rigs Main market sec
Slide 16: Hydratron group synergies
Hydratron Previous owner remaining with the company until August 2012 to effect an orderly handover and develop the US market Group synergies Assembly of upgraders for Chesterfield BioGas Houston office will provide a US based sales and stock location for Al-Met Engineering solutions for high pressu
Slide 17: Outlook
Outlook Process of diversification is transforming the Group: New product and service developments progressed Formation of Engineered Products Division through acquisition of Al-Met and Hydratron Diversity giving a better balance to the Group Difficult first half 2011 for CSC with low activity in oi
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