Gooch & Housego Plc · LSE:GHH
Gooch & Housego — H1 2015 Earnings Presentation
17 slides from Gooch & Housego's earnings presentation, June 2015
Slide 1: Gooch & Housego PLC Interim Results
Gooch & Housego PLC Interim Results Half Year Ended 31 March 2015 Chairman: Gareth Jones CEO: Mark Webster CFO: Andrew Boteler PAGE 1 Interim Presentation June 2015
Slide 2: Operational & Financial Highlights
Highlights Operational & Financial Highlights Strong performance from industrial laser & telecommunications products underpinned 13% increase in revenue to a record £38.9 million for the first six months of FY2015 Adjusted profit before tax up 23.5% to £6.3m from £5.1m Investment in R&D up 10%
Slide 3: Results at a glance
Highlights Results at a glance Half Year Ended 31 March HY 2015 HY 2014 Change Revenue £38.9m £34.4m 13.1% Adjusted profit before tax £6.3m £5.1m 23.5% Adjusted basic earnings per share 19.3p 15.9p 21.4% Interim dividend per share 3.0p 2.6p 15.4% Net cash £11.9m £2.3m £9.6m Revenue £’m Adjusted PBT
Slide 4: Financial Overview: Income Statement
Financial Overview Income Statement Key points: Period Ended 31 March 2015 % 2014 Group revenue for the half year was a £’000 Change £’000 record £38.9 million, 13% higher Revenue 38,945 13.1% 34,422 Gross profit 15,560 15.6% 13,462 Excluding the impact of foreign exchange, revenue increased by
Slide 5: Financial Overview: Cash Flow Statement
Financial Overview Cash Flow Statement Period Ended 31 March 2015 2014 £’000 £’000 Net cash flows from operating activities 5,079 4,323 Key points: Cash flows from investing activities Gross cash from operations Acquisition of subsidiaries - (5,532) generated £5.8 million, compared to £4.9 million
Slide 6: Financial Overview: Balance Sheet
Financial Overview Balance Sheet Key points: 2015 2014 £’000 £’000 Net cash increased to £11.9 million Non-current assets Tangible assets 24,031 24,339 (September 2014 : £8.7 million) Intangible assets 21,312 20,697 Other 2,797 3,462 Working capital has increased by £1.9 million since the year e
Slide 7: Markets & Applications: Industrial
Technology, Products & Markets Markets & Applications Markets Applications Industrial Fibre lasers Revenue: Solid state lasers Micro-electronics & light £22.3m manufacturing Other laser sources (2014: £18.9m) Semi-conductor equipment Inspection equipment Adjusted Operating Profit: £4.7m (2014: £3.
Slide 8: Markets & Applications: Aerospace & Defence
Technology, Products & Markets Markets & Applications Markets Applications Aerospace & Defence Revenue: Aircraft platforms Target designation & £10.3m range finding Missile systems (2014: £10.2m) Land based military platforms Adjusted Operating Profit: £1.0m Ring laser gyroscopes (2014: £1.5m) N
Slide 9: Markets & Applications: Life Sciences
Technology, Products & Markets Markets & Applications Markets Applications Life Sciences Revenue: Ophthalmic imaging Optical Coherence £4.3m Tomography Cardiovascular (2014: £3.6m) Oesophageal imaging Adjusted Operating Profit: £0.6m (2014: £0.5m) Prostate surgery Laser Surgery Ophthalmic surger
Slide 10: Markets & Applications: Scientific Research
Technology, Products & Markets Markets & Applications Markets Applications Scientific Research Revenue: £2.0m (2014: £1.7m) National Ignition Internal Confinement Facility Adjusted Operating Profit: Fusion Laser Mega Joule £0.4m (2014: £0.0m) : 5% Scientific Research institutes Instrumentation U
Slide 11: Strategy & Preparing for the Future: Diversification
Strategy & Preparing for the Future Diversification The newer markets of Aerospace & Defence and Life Sciences, together with new application areas within our Industrial market, offer the potential for significant growth through their rapid adoption of photonic technologies INDUSTRIAL AEROSPACE & DE
Slide 12: Moving up the Value Chain
Strategy & Preparing for the Future Moving up the Value Chain Diversify Exploit high-growth opportunities for photonics technology Fibre Optic lasers Fibre Optic sensing Laser surgery A&D sub- systems and systems Medical Diagnostics Space/ Satellite communications Move up the value cha
Slide 13: Performance Improvement Plan
Strategy & Preparing for the Future Performance Improvement Plan Three key areas of focus: 1. Ensuring a consistent high level of operational excellence across all the sites Small corporate group that lead, manage and set standards for supply chain management, quality assurance, compliance, process
Slide 14: Outlook
Outlook Gooch & Housego is well placed to deliver continued growth in FY15 and beyond, through our twin strategies of : • Diversification and; • Moving up the value chain. These strategies will be supplemented by the performance improvement programme aimed at : • Driving operational excellence; • De
Slide 15: Appendices
Appendices PAGE 15 Interim Presentation June 2015
Slide 16: Photonics and the future
Technology, Products & Markets Photonics and the future Photonics is the study and design of systems that depend on the transmission, modulation or amplification of streams of photons, the basic unit of light. • Photonics is increasingly providing better solutions than electronics alone • Photonics
Slide 17: Key Customers
Key Customers PAGE 17 Interim Presentation June 2015