Fw Thorpe Plc · LSE:TFW
Fw Thorpe — Investor Presentation (2025)
39 slides from Fw Thorpe's investor presentation, 2025
Slide 1: FW Thorpe Plc Introduction
FW THORPEPLC 4 Introduction Me ase
Slide 2: • Introduction and Brief History • Financial Highlights • Locations/Group Companies
• Introduction and Brief History • Financial Highlights • Locations/Group Companies • Typical Applications/Case studies • Product Range/Market Positioning • Business Model • Sustainability • Strategy • Summary 2
Slide 3: Introductions
Introductions FW THORPE PLC Mike Allcock Non-Executive Chairman Craig Muncaster Chief Executive, Group Financial Director and Company Secretary Mike joined FW Thorpe Plc in 1984 as an apprentice working After graduating in Business Administration, Craig qualified as his way to Technical Director for
Slide 4: Our timeline
Our timeline. 1940- 1936 1960 Established by Frederick William Thorpe and his son Ernest Thorpe. Spinning circular reflectors Acquired remaining share capital in Thorlux Australasia Target Australian market, improve performance Minority investment in Spain Target Spanish market and acquire lens spec
Slide 5: Our global footprint
Our global footprint. United Kingdom Thorlux Lighting = Philip Payne i Solite Europe Portland Lighting TRT Lighting Ratio EV 2024 Revenue by region ig Ireland Tharlux Lighting @uK £90.3m @ Netherlands £36.2m United Arab Emirates Thorlux Lighting = Rest of Europe £45.2m B Other countries £4.1m United
Slide 6: Highlights
Highlights. The following key performance indicators are considered to be the most appropriate for measuring how successful the Group has been in meeting its strategic objectives. Revenue (£m) -0.5% 20 2023 176.7 2022 143.7 2021 117.9 2020 113.3 Basic earnings per share (pence) +10.7% 2024 UTED 2023
Slide 7: Segment results and operating profit
• SchahlLED included in the Thorlux segment • Thorlux segment dampened by acquisition costs • Operating profit before acquisition adjustments – shows impact of acquisition adjustments • Amortisation of intangibles the main impact • EBITDA performance added to demonstrate contribution of acquisitions
Slide 8: 22 consecutive years of increased dividends
22 consecutive years of increased dividends 8
Slide 9: Revenue by group company
Revenue (£m) Revenue (£m) Revenue (£m) £91.9m £26.2m £12.0m 2024 2024 2024 9
Slide 10: Group companies
Group companies. Typical applications. Thorlux Lighting TL] Thorlux Lighting FW Tuorre PLC COT ahem I ie J | > \ Thorlux es TL \ 10
Slide 11: Revenue by group company
Revenue (£m) Revenue (£m) Revenue (£m) £19.4m £8.5m £4.0m 2024 2024 2024 11
Slide 12: Group companies
Group companies. Typical applications. FW Tuorre PLC | yen C7) y Famostar a4 12
Slide 13: Revenue by group company
Revenue (£m) Revenue (£m) £3.9m £15.4m 2024 2024 Revenue (£m) Revenue (£m) £3.5m £10.8m 2024 2024 13
Slide 14: Group companies
Group companies FW Tuorve Pic Typical applications | \ 2 | “| mewe \ie SS ESOLITE Ts | PORTLAND @ TRTLIGHTING
Slide 15: Business model
Business model. Customers come to us for peace of mind. They want the correct technical solution, professional service, sustainability of products/services and the ability to provide support during a product's warrantable life and beyond. Our business model is focused on the needs of customers and t
Slide 16: Market positioning
Market positioning. FW THORPE PLC oS ce a [ea ey Commercial Industrial Education Healthcare Manufacturing Retail Display a & & x Hospitality Pharmaceutical Advertising Research & Facilities - Infrastructure Housing Development car parking Low Cost of Ownership 1. Energy efficiency w maintenan 4. Rap
Slide 17: Safety products and LED share of revenues
Safety related products (Emergency lighting systems) represents 38% of current revenues LED currently represents approximately 98%+ of current revenues 17
Slide 18: Thorlux proposition
Thorlux proposition FW THORPE PLC Controls + Indoor and outdoor lighting management for energy conservation, flexibility and wellbeing * Fully automated emergency lighting testing and compliance * Completely wireless infrastructure - simple installation * Cloud based information storage and display
Slide 19: Thorlux illuminates London landmark
Thorlux illuminates London landmark. The Elizabeth Tower, better known as Big Illuminating the Great Clock Faces Ben, is one of the most recognisable landmarks in the world. Standing at 96 Surveys were first undertaken, and successful metres (316 feet) high, the clock tower trials proved that the LE
Slide 20: Case study: University of Warwick IBRB
Case study Interdisciplinary Biomedical Research Building (IBRB), University of Warwick Client Client testimonial University of Warwick “As one of the university's approved suppliers, Location Thorlux were set the challenge of creating an energy efficient, smart building lighting solution which comp
Slide 21: Case study: Rhind Building, City, University of London
Case study. (gy 7hortux Rhind Building, City, University of London, London, United Kingdom Thorlux Lighting has worked closely with City, University of London to convert aged light fittings in its Rhind Building on St John Street to the latest energy-saving LED lighting technology. Challenge Solutio
Slide 22: Case study: Ordnance Survey Head Offices
Case study Ordnance Survey Head Offices, Southampton Client CBRE End user Ordnance Survey Location Ordnance Survey Head Offices, Southampton Commissioning Thorlux provided a professional on-site commissioning service to ensure that the products were configured to provide the desired performance and
Slide 23: Case study: West Midlands Trains and Network Rail
4 7 Thorht Case study. Eyyhort West Midlands Trains and Network Rail. Thorlux has worked closely with West Midlands Trains (WMT) and Network Rail for nearly a decade to modernise the lighting systems at 150 sites, including 145 stations. University Station, Birmingham Client testimonial An ageing ca
Slide 24: Case study: Presteigne Dark Skies
Case study Presteigne Dark Skies Client/End user Powys County Council and Presteigne and Norton Town Council Location Presteigne, Powys Background Presteigne Dark Skies aim was to transform Presteigne into the first IDA Dark Sky Community in Wales. The goal was to light the town whilst preserving th
Slide 25: In-house manufacturing
FW Tuorre PLc In-house manufacturing.
Slide 26: In-house design and testing
In-house design and testing. FW THor?eE PLc
Slide 27: Quality and certification
Quality and certification. FW Tuorre PLc ISO 9001 ISO 14001 1SO 27001 ISO 45001 bsi Certificate of Registration bsi ® Certificate of Registration bsi gy Certificate of Registration bsi ®@ Certificate of Registration Kitemark 27
Slide 28: Support
Support More than just a lighting manufacturer Lighting survey service Lighting design service Technical support FW Tuorre PLc commissioning Installation services 5 year warranty as standard 28
Slide 29: Carbon neutral to net zero
Carbon neutral to net zero. Having achieved carbon neutral status for our manufacturing and sales operations, via our offsetting project, we continue to expand measurement into other areas of our activities and target further carbon reductions as part of our overall journey to Net Zero. Upstream Rep
Slide 30: Carbon neutral to net zero
Carbon neutral to net zero. Scope 1 All direct emissions from the activities of an organisation, including fuel combustion on site, such as in gas boilers and in its fleet of delivery and other company-owned vehicles. Scope 2 Indirect emissions from electricity purchased and used by the organisation
Slide 31: Our sustainability journey
First energy saving products introduced, controlling lighting and reducing energy consumption 1994 FW Thorpe begins carbon offsetting with tree planting project certified by Woodland Carbon Code 2009 Our sustainability journey. The journey so far: the Group's progress and plans for the future FW Tho
Slide 32: Our sustainability journey
Our sustainability journey. cnn FW Tuorre Pic SCIENCE THE NET BASED ZERO TARGETS STANDARD DRIVING AMBITIOUS CORPORATE CLIMATE ACTION [APPROVED NET-ZERO TARGETS J FW Thorpe Plc's net-zero target is verified Near-Term Targets FW Thorpe Plc comr by the Science Based Targets initiative (SBTi) FW Thorpe
Slide 33: Our sustainability focus areas
Our sustainability focus areas. The link between the Group's sustainability journey and its strategic priorities related to its products, operations, business model and people is vital to the long-term success of the business. Products iesign and innovation New products: Sourcing + Design principles
Slide 34: 36% of total load provision
36% of total load provision 34
Slide 35: Carbon offsetting
Carbon offsetting FW Thorpe is committed to minimising the environmental impact of both its manufacturing processes and its products. The company has therefore designed an ambitious carbon-offsetting scheme to help compensate for these emissions. 215 acres in Monmouthshire Purchased in 2009 - £0.8m
Slide 36: Carbon offsetting
<i a Carbon offsetting. connec FW Tuorre PLc Brook Farm Planting Map The Brook Farm Woodland Creation Scheme aims to establish a thriving woodland, enhance biodiversity through the expansion of natural habitats, and improve existing site features whilst providing enjoyable recreational areas for loc
Slide 37: Strategy
Strategy. FW Tuorve Pic Our products are sold throughout the world. The Group management team is passionate about developing the business for the benefit of the shareholders, employees and customers. With the energy and ability of our staff we look forward to the future with enthusiasm. Our aim is t
Slide 38: Summary
• A well-positioned portfolio of companies in eight different countries • Innovative products with market-leading technology • Strong profit margins and robust balance sheet • Track record of growth • Progressive dividend • Stable ownership and management structure aligned with our shareholders 38
Slide 39: Disclaimer
Disclaimer HORPE PLC ‘These presentation materials ("the Presentation Materials") are prepared by F W Thorpe Plc ("the Company") and constitute a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 ("FSMA"). The Presentation Materials may only be issued