Velocity Composites Plc · LSE:VEL
Velocity Composites — H1 2025 Earnings Presentation
23 slides from Velocity Composites's earnings presentation, June 2025
Slide 1: Interim Results for the Half Year Ended 30 April 2025
Interim Results For the Half Year Ended 30 April 2025 INVESTOR PRESENTATION
Slide 2: Velocity Disclaimer
Velocity Disclaimer IMPORTANT NOTICE prospectus, contract or commitment. is being made available to the recipients Group’s present and future business strategies and the environment in which thereof for the purpose of providing information and is not intended to form the the Company and/or the Group
Slide 3: Presentation Team
Presentation Team © Velocity Composites plc - 2025 | www.velocity-composites.com Andy Beaden Jon Bridges Rob Smith Non-Executive Chairman CEO CFO Andy has over 30 years’ experience in finance, Jon co-founded Velocity Composites in 2007. Rob is a chartered management accountant with technology and ma
Slide 4: FY25 Financial Highlights
FY25 Financial Highlights Revenue Gross Margin % Adjusted EBITDA* £10.4m 29.0% £0.3m © Velocity Composites plc - 2025 | www.velocity-composites.com FY24 H1: £10.7m FY24 H1: 22.5% FY24 H1: £(0.2)m Cash at Bank Operating Loss £1.2m £(0.4)m FY24 H1: £1.8m FY24 H1: £(0.9)m * Earnings before interest, ta
Slide 5: Aerospace Industry | H1 2025 Review - 2025/6 Expectations
Aerospace Industry | H1 2025 Review - 2025/6 Expectations H1 2025 Outlook for 2025/26 © Velocity Composites plc - 2025 | www.velocity-composites.com • Civil aircraft production rates still below • The expected ramp ups on key civil programmes pre-pandemic levels should materialise in FY2026 if OEMs
Slide 6: Business Progress
Business Progress US OPERATIONS EUROPEAN OPERATIONS • Good, planned, progress at Alabama facility. Focus • Benefiting from pricing agreements implemented in © Velocity Composites plc - 2025 | www.velocity-composites.com on qualification of aero-engine parts delayed from H2 FY24, contributing to marg
Slide 7: Summary Income Statement
Summary Income Statement H1 2025 H1 2024 FY 2024 £000 £000 £000 • Revenue decrease of 2.8% due to inventory reduction © Velocity Composites plc - 2025 | www.velocity-composites.com Revenue 10,442 10,745 23,006 at A350 customer and reduced rate and delay in qualification of certain US programmes Cost
Slide 8: Summary Statement of Financial Position
705 2,848 Summary Statement of Financial Position H1 2025 H1 2024 FY 2024 • Increase at H1 2025 versus H1 2024 in non- £000 £000 £000 current assets of £0.4m driven by investment in © Velocity Composites plc - 2025 | www.velocity-composites.com Non-current assets 5,091 4,721 4,667 leased freezer; cl
Slide 9: Summary Statement of Cash Flows
Summary Statement of Cash Flows © Velocity Composites plc - 2025 | www.velocity-composites.com H1 2025 H1 2024 FY 2024 £000 £000 £000 • Cash generated from operating activities in half of £0.6m (H1 2024: £0.5m consumed) Operating cash flows 275 (207) 345 • Net decrease in cash £0.6m Movements in wor
Slide 10: H2 FY25 Outlook
H2 FY25 Outlook © Velocity © Composites Velocity Composites Plc - 2025 plc - 2025 | www.velocity-composites.com • A350 programme production rates expected to be • Management looking to enhance its on-boarding flat in the year. Increased rates now expected in process to (1) bring benefits to Velocity
Slide 11: Summary
Summary © Velocity Composites plc - 2025 | www.velocity-composites.com • Sustained revenue expected for FY25 but at • New business opportunities being developed in improved gross margin the UK, US and Europe with existing and new customers, including in the defence sector • Remaining aero-engine com
Slide 12: Appendices
© Velocity Composites plc - 2025 | www.velocity-composites.com 12 Appendices
Slide 13: Major Shareholders (as at April 2025)
Major Shareholders (as at 30 April 2025) Number of % of issued © Velocity Composites plc - 2025 | www.velocity-composites.com Ordinary Ordinary NAME Shares Shares Amati Global Investors 5,650,294 10.45% Jonathan Bridges 5,365,929 9.93% Seneca Partners 4,519,236 8.36% Stonehage Fleming 4,458,956 8.25
Slide 14: Experienced Board and Senior Management
Experienced Board and Senior Management © Velocity Composites plc - 2025 | www.velocity-composites.com Andy Beaden Jon Bridges Rob Smith Annette Rothwell David Bailey Non-Executive Chairman Chief Executive Officer Chief Finance Director Non-Executive Director Non-Executive Director Andy has over 30
Slide 15: Our Approvals
Our Approvals © Velocity Composites plc - 2025 | www.velocity-composites.com AIRBUS: BOEING: NADCAP - AC7118 (KSP) ABP-62185, ABP-61289, AIPS03-02-018, BCA-65224-0312 Merit status (all UK facilities) AIPS03-02-019, AIPS03-07-007 + SBP-65224-0411 15
Slide 16: Investment Case
Investment Case • VELOCITY COMPOSITES PLC is an established • SUSTAINED PROFITABILITY AND POSITIVE business which delivers real benefits to large CASH GENERATION EXPECTED IN H2 FY25 with © Velocity Composites plc - 2025 | www.velocity-composites.com aerospace manufacturers by using proprietary enoug
Slide 17: Composite Materials
Composite Materials • A combination of a matrix and a reinforcement, which when combined gives properties superior to the COMPOSITE USE IN AIRCRAFT properties of the individual components • In the case of an aerospace composite, the reinforcement is the fibres and the matrix is the thermosetting res
Slide 18: Sustainability driving growth | New generation aircraft
Sustainability driving growth | New generation aircraft “Today, around 30% of the world’s in service aircraft fleet are of the latest generation. Replacing the remaining 70% of previous generation aircraft, combined with more efficient ways to operate aircraft, SAF, future technologies such as hydro
Slide 19: The Velocity Solution
The Velocity Solution Raw Material Customer Structural Product © Velocity Composites plc - 2025 | www.velocity-composites.com Vacuum Bag Product Finished Part (1m diameter) Aimed at providing at least 10% material cost saving and 20% time cost saving to customers 19
Slide 20: Velocity Technology
© Velocity Composites plc - 2025 | www.velocity-composites.com MATERIAL SUPPLIER EXPECTED STOCK ACTUAL STOCK D IBP FREEZER D CUSTOMER MONTHLY MATERIAL D RAW MATERIAL VC DEMAND 12 to 34 MANAGEMENT ERP ORDER BOOK DEMAND PLANNING Weeks (KIT/Part level) DEMAND (WITH RFID) REVIEW RAW MATERIAL STOCK 2 to
Slide 21: Where Velocity sits in the global composites industry
Where Velocity sits in the global composites industry VELOCITY TOTAL KIT PROVISION © Velocity Composites plc - 2025 | www.velocity-composites.com • Inventory Finance • Inventory Management Global Material Suppliers / Distributors • Demand Aggregation • Goods In • Quality Inspection • Kit Manufacturi
Slide 22: Revolutionising Composite Cleanrooms
© Velocity Composites Plc - JAN 2021 © Velocity Composites plc - 2025 | www.velocity-composites.com Revolutionising Composite Cleanrooms 22
Slide 23: Contact us
© Velocity Composites plc - 2025 | www.velocity-composites.com 23 www.velocity-composites.com Contact us: +44 (0)1282 577577