Surgical Innovations Group Plc · LSE:SUN
Surgical Innovations — Corporate Update (November 2016)
6 slides from Surgical Innovations's corporate update, Nov 21, 2016
Slide 1: Surgical Innovations Group plc – Site visit and presentation
Surgical Innovations Group plc Site visit and presentation Nigel Rogers – Executive Chairman Melanie Ross – Group Finance Director & MD (SI Ltd) Ian Ballance – Manufacturing Manager Chris Harrison – Head of Product Design Monday 21 November 2016
Slide 2: Agenda
Agenda • 11:00 Welcome and introduction (NR) • 11:10 Business overview (MR) • 11:45 Plant tour (IB) • 12:30 Product demonstrations (CH) • 13:15 Lunch and open forum • 14:00 Departure for Leeds Station
Slide 3: What We Do
What We Do Surgical Innovations Group plc specialises in the design, manufacture and sale of innovative devices for use in minimally invasive surgery (MIS) We distribute branded products through a global network of trusted partners The Group designs and develops medical solutions for carefully selec
Slide 4: Business overview: performance recovering strongly
Business overview • Performance recovering strongly following board & senior management changes • Root cause of previous issues mostly a result of having set unrealistic expectations • FY 16 interims ‐ revenue up 16.9%, returned to profit • Almost £3m of borrowings repaid during recovery process ‐ n
Slide 5: Business overview: export led revenue growth
Business overview • Export led revenue growth ‐ Brexit FX effect enhances both competitiveness and margin • Barriers to entry high and increasing ‐ new regulations & weak pound affecting importer/re‐sellers in 2017 • New distribution partners appointed in USA & Mexico ramping up in favourable enviro
Slide 6: Business overview: recent in-fill acquisition, Surgical Dynamics Ltd
Business overview • Recent in‐fill acquisition ‐ Surgical Dynamics Ltd • Maximum consideration c£0.36m cash & assumed borrowings • Purchase of production equipment, product range and "know‐how" • Transfer to Leeds site in 2016 Q4/2017 Q1 • Single use laparoscopic instruments • Vertical moulding/over
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