Image Scan Holdings Plc · LSE:IGE
Image Scan — Shareholder Meeting (February 2017)
15 slides from Image Scan's shareholder meeting presentation, Feb 21, 2017
Slide 1: Image Scan Holdings PLC AGM Presentation
Image Scan Holdings PLC AGM PRESENTATION William Mawer - Chairman 21st February 2017
Slide 2: Introduction to Image Scan Holdings PLC
2 Introduction to Image Scan Holdings PLC • Developer and manufacturer of X-ray inspection systems focussed on two distinct segments – Portable X-ray for security and bomb detection – Industrial inspection for automotive emission control systems • Successful exporter (80% of sales overseas) • Expand
Slide 3: New public face for Image Scan and 3DX-Ray
3 New public face for Image Scan and 3DX-Ray New logo New website New promise INSIGHT WHERE IT MATTERS
Slide 4: Recent Image Scan Milestones
4 Recent Image Scan Milestones Apr 2014: New board appointed Sep 2014: Successful fund raise, allowed R and D spend to be doubled Apr 2015: New portable X-ray launched at counter terror show Jul 2015: Innovate UK grant awarded. New technology from Ibex Innovations Aug 2015: First customer deliveries
Slide 5: Performance improvement in FY 2016
5 Performance improvement in FY 2016 2016 2015 2014 Sales £3.3m £1.7m £2.2m GP% 42% 38% 31% Overheads £1.4m £1.3m £1.2m Pre tax trading profit (loss) £105k (£640k) (£524k) Cash £1.0m £469k £948k • Recognised 75% of large order from Asia • Also Q4 deliveries to Europe, Middle East and North Africa •
Slide 6: Other aspects of 2016 performance
6 Other aspects of 2016 performance • Total order intake: £4.3m • Year end order book: £1.7m – Including over 50 portable X-ray systems • Increased total R and D spend 30% to £475k – Self funded – Customer funded – Grant funded • Improved stock control • Supply chain management – Key suppliers ident
Slide 7: Post year end update
7 Post year end update Strong first quarter trading Large Asian order delivered ahead of schedule New orders received maintain order book above £1m New compact detector panel developed Precision Linescan Detector moving towards launch in Q2 New industrial contracts
Slide 8: Focus on security
8 Focus on security Won new customers in Europe, Asia and Middle East First high volume sales of new system Successful trials at international bomb disposal events in Thailand & USA Declining sales of legacy checkpoint X-ray systems First sales of Todd Research MailScan systems Working prototype of
Slide 9: Focus on Security – expanded product range
9 Focus on Security – expanded product range MID RANGE ThreatScan-LS1/I-Gen ENTRY LEVEL HIGH END ThreatScan-PLD/I-Gen FlatScan-Lite/K-120 Volume sales ThreatScan-LS3/I-Gen Sales building Launch mid 2017 Launch April 2017
Slide 10: Focus on Security – accessories
10 Focus on Security – accessories New range of portable X-ray accessories Improved deployment flexibility New stands, radiation protection, portability Differentiation vs competition New computers and communications options Adds value to orders Example: flexible new generator stand
Slide 11: Focus on industrial
11 Focus on industrial Now focussed on a single high growth niche improving manufacturing processes for automotive emission control systems We inspect catalytic converters and diesel particular filters Off-line X-Ray Used to develop manufacturing methods and test at low volumes In-line X-Ray Used to
Slide 12: Image Scan – longer term view
12 Image Scan – longer term view Overall growth approach Long term aim: to build a substantial Organic technology company Growth Growth in ISH market cap makes Share price Scale acquisitions achievable improvement Very experienced team with many Acquisition acquisitions in last 10 years ? 12
Slide 13: Summary
13 Summary An excellent year, built on solid growth in core markets Strong order book and cash point to good H1- FY16/17 Strong product pipeline and new customers point to future organic growth Potential for acquisition growth in relevant sectors An ambitious management team with relevant experience
Slide 14: Questions?
STIONS? QU ‘hreatScan hreat can hreat car
Slide 15: 3DX-RAY is a trading company of Image Scan
3DX-RAY is a trading company of IMAGE SCAN INSIGHT WHERE IT MATTERS
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