Gooch & Housego Plc · LSE:GHH
Gooch & Housego — Shareholder Meeting (February 2025)
17 slides from Gooch & Housego's shareholder meeting presentation, Feb 24, 2025
Slide 1: AGM Proxy Voting
AGM Proxy Voting 24th February 2025
Slide 2: Summary of Proxy Votes
SUMMARY OF PROXY VOTES Resolution Votes For Votes Against Withheld 1 To receive the 2024 Annual Report 15,812,800 37 769 2 To receive and approve the Remuneration Committee Report 15,755,372 52,892 5,342 3 Approve final dividend of 8.3p per share 15,813,155 437 14 4 To re-elect G Bullard 15,807,402
Slide 3: AGM CEO Update
AGM CEO Update 24th February 2025
Slide 4: Agenda
AGENDA • Business Overview • Strategy Update • Acquisition of Phoenix Optical • Order Book Growth • Summary Charlie Peppiatt - CEO CEO AGM PRESENTATION – 24th FEBRUARY 2025
Slide 5: Business Overview
BUSINESS OVERVIEW 2024 Revenue: £136M (2023: £135M) Aerospace Industrial Life and and Sciences Defence Telecom 25% 25% 50% LIFE SCIENCES AEROSPACE & DEFENSE INDUSTRIAL & TELECOM Emerging applications increasingly employ photonics as the enabler. • Medical imaging • Navigation • Laser manufacturing O
Slide 6: Broad Photonics Expertise with Global Reach
BROAD PHOTONICS EXPERTISE WITH GLOBAL REACH G&H employs 980 skilled employees across Acquisitive Growth In 2024 G&H acquired: 10 manufacturing and design facilities Phoenix, St Asaph, UK (Precision Optics) CEO AGM PRESENTATION – 24th FEBRUARY 2025
Slide 7: Responsible Business
RESPONSIBLE BUSINESS Environment • Sustainability Committee launched in 2024 • FY24 reduction of 14.3% in carbon intensity measure • 81% of the Group’s purchased electricity now from non-carbon sources • On track to achieve target of being net zero scope 1 & 2 by 2035 • Scope 3 assessments to be und
Slide 8: G&H Strategy – Sustainable Growth
G&H STRATEGY – SUSTAINABLE GROWTH Our strategy is focused upon us becoming an ‘innovative customer focused technology company’ making a ‘better world with photonics’ and the ‘first choice’ for all our stakeholders OFFERING DIFFERENTIATED PERFORMANCE THROUGH 4 KEY STRATEGIC PRIORITIES: 1 2 3 4 Establ
Slide 9: Strategic Progress
STRATEGIC PROGRESS PEOPLE FY2022 FY2023 FY2024 RAG TECHNOLOGY FY2022 FY2023 FY2024 RAG Open Positions 78 52 24 ● R&D Investment (£m) excluding EM4 7.2 7.4 7.8 ● ISO14001 Accreditions 1 3 5 ● R&D Investment (% Sales) 6.2% 5.5% 5.8% ● HRIS Implementation - - US Sites ● New Products Revenue (£m) 17.9 2
Slide 10: Vertical Integration
VERTICAL INTEGRATION SYSTEMS & SERVICES System manufacturing Next Gen Design engineering SUB-SYSTEMS Optical instrumentation Photonic subsystems COMPONENTS AND Fiber optics MATERIALS PROCESSING Electro-optics Acousto-optics Crystal optics Optics MATERIALS Crystals CEO AGM PRESENTATION – 24th FEBRUAR
Slide 11: Outsourcing
OUTSOURCING Proactive outsourcing of products earlier in their life cycle where technological sovereignty is not a differentiator • Dedicated leadership and resources added • Supply of acousto-optic products expanding • Hi-Rel couplers further ramp-up in FY2025 • Additional product & partner selecti
Slide 12: Value Creation from Technology Focus
VALUE CREATION FROM TECHNOLOGY FOCUS ● • Technology roadmap providing focus on where G&H can differentiate and ● drive ‘value creation’ • R&D effort and investment prioritised ● and deployed behind ‘vital few’ areas • Investment into innovation hubs and ● R&D organisation to enable strategy • 6 out
Slide 13: Phoenix Optical Acquisition
PHOENIX OPTICAL ACQUISITION • Phoenix Optical acquired Oct-24 for total consideration up to £6.75m • Well-regarded UK precision optics designer and manufacturer • Strong team located in St Asaph, a hub for photonics talent • Well invested facility with impressive diamond turning capabilities • Long
Slide 14: Outlook
OUTLOOK • Prior years’ order book flattered by high past due backlog • Solid growth for FY2025 order book with strong demand for medical diagnostics products in Life Sciences and Defence Optical Systems • Refocused A&D business with positive multi- year demand outlook • Semi recovery further delayed
Slide 15: Summary
SUMMARY • G&H’s refocused technologies and capabilities aligned to mega trends • Order book growth to £126.4m (FY2024: £104.5m) • Continued progress with operational execution, outsourcing and customer experience • ‘Value creation’ synergies identified from acquisitions, complemented by recent addit
Slide 16: Cautionary Statement
CAUTIONARY STATEMENT For the purposes of the following disclaimers, references to this ‘document’ shall be deemed to include references to the presenters’ speeches, the question and answer session and any other related verbal or written communications. This document contains forward-looking stat
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