Gooch & Housego Plc · LSE:GHH
Gooch & Housego — Shareholder Meeting (February 2016)
10 slides from Gooch & Housego's shareholder meeting presentation, Feb 24, 2016
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 24 February 2016 Chairman: Gareth Jones / CEO: Mark Webster CFO: Andrew Boteler / COO: Alex Warnock
Slide 2: Photonics and the future
Photonics and the future Photonics is the study and design of systems that depend on the transmission, modulation or amplification of streams of photons, the basic unit of light. • Photonics is increasingly providing better solutions than electronics alone • Photonics is already transforming manufac
Slide 3: 2015 Highlights
2015 Highlights • Grew Revenue by 12% to record £78.7 million • Adjusted Profit before Tax up 12% to £12.9 million • Invested in : • R+D, up 14% to £6.2 million • Torquay site expanded and upgraded • Palo Alto facility moved to improved and expanded site in nearby Fremont • Cleveland site commenced
Slide 4: Highlights: Results at a glance
Highlights Results at a glance Year Ended 30 September FY 2015 FY 2014 Change Revenue £78.7m £70.1m 12.3% Adjusted profit before tax £12.9m £11.5m 12.2% Adjusted basic earnings per share 39.5p 35.6p 11.0% Total dividend per share (pence) 8.2p 7.2p 13.9% Net cash £17.3m £8.7m 98.9% Revenue £’m Adjust
Slide 5: Full year forecast remains in line with management expectations
2016 • Full year forecast remains in line with management expectations • Market conditions were mixed during the first 4 months. • Demand from China continued to be soft, partially offset by increased demand for high reliability fibre components for undersea communications • Palo Alto move to Fremon
Slide 6: Performance improvement programme
Performance improvement programme Good progress made against all three areas: • High level of operational excellence across all sites, corporate group now set up in areas of supply chain, quality, compliance, process engineering and lean manufacturing − Delivered operational improvements • Develop d
Slide 7: Performance improvement programme
Performance improvement programme • R&D portfolio that prioritises fewer higher return projects, hired programme manager using rigorous analysis • Strengthened System Technology Group to 24 engineers and scientists − Delivered more new products in 2015
Slide 8: Growth through diversification
Growth through diversification The newer markets of Aerospace & Defence and Life Sciences, together with new application areas within our Industrial market, offer the potential for significant growth through their rapid adoption of photonic technologies INDUSTRIAL AEROSPACE & DEFENCE 2015 2008 £78.7
Slide 9: Strategy
Strategy Diversify Exploit high-growth opportunities for photonics technology Fibre Optic lasers Fibre Optic sensing Laser surgery A&D sub- systems and systems Medical Diagnostics Space/ Satellite communications Move up the value chain Leverage excellence in components to become a solu
Slide 10: Summary & Outlook
Summary & Outlook • Photonics is transforming manufacturing, aerospace, communications and medicine • G&H has a world class photonics capability and is well placed to take advantage • G&H will aim to continue to deliver superior financial performance and invest in the future of the company • We rema
Gooch & Housego — Shareholder Meeting (February 2016) on 6ix