Gooch & Housego Plc · LSE:GHH
Gooch & Housego — H1 2018 Earnings Presentation
17 slides from Gooch & Housego's earnings presentation, Jun 5, 2018
Slide 1: Interim Results – Half Year Ended 31 March 2018
INTERIM RESULTS HALF YEAR ENDED 31 MARCH 2018 CEO: Mark Webster / CFO: Andrew Boteler
Slide 2: Highlights
Highlights Operational & Financial Highlights Strong revenue growth driven by microelectronic manufacturing and A&D sectors. Revenue growth of 6.6% compared with the same period last year. Excluding the impact of foreign exchange, an increase of 14.0% over last year. Excluding foreign exchange a
Slide 3: Financial Overview – Income Statement
Financial Overview Income Statement Half Year Ended 31 March 2018 2017 Key points: £’000 £’000 Revenue growth of 6.6% compared with Revenue 55,608 52,153 the same period last year. Gross profit 21,722 20,209 Operating expenses (14,574) (13,874) Excluding the impact of foreign exchange revenue in
Slide 4: Financial Overview – Cash Flow
Financial Overview Cash Flow Half Year Ended 31 March 2018 2017 £’000 £’000 Key points: Cash flow from operating activities before tax 1,151 7,871 Cash flow from operations before tax of Income tax paid (1,646) (802) £1.2 million, compared with £7.9 million last year. Cash flow from operating acti
Slide 5: Financial Overview – Balance Sheet
Financial Overview Balance Sheet As at 31 March 2018 2017 Key points: £’000 £’000 Non-current assets Tangible assets 34,445 34,935 Strong balance sheet maintained. Intangible assets 38,926 44,418 £2.7 million invested in property, plant & Other 1,502 2,785 equipment. 74,873 82,138 Current assets
Slide 6: Market analysis - Results by segment
Market analysis - Results by segment Industrial Aerospace & Life Sciences Scientific Corporate Group Defence Research Revenue 2018 £30.5m £18.1m £5.0m £2.0m - £55.6m 2017 £31.3m £14.6m £4.8m £1.5m - £52.2m Change (£0.8m) £3.5m £0.2m £0.5m - £3.4m % (2.5%) 24.0% 4.2% 33.3% - 6.6% Adjusted operating p
Slide 7: Technology, Products & Markets – Industrial
Technology, Products & Markets Markets & Applications Industrial Markets Applications Microelectronics & light Revenue • Fibre lasers manufacturing 2018 £30.5m • Continued strong demand for critical • Solid state lasers components used in precision lasers for 2017 £31.3m • Other laser sources microe
Slide 8: Technology, Products & Markets – Aerospace & Defence
Technology, Products & Markets Markets & Applications Aerospace & Defence Markets Applications Revenue Target designation • Aircraft platforms & range finding • Missile systems 2018 £18.1m • Market position greatly • Land based military 2017 £14.6m enhanced by the acquisition platforms of StingRay a
Slide 9: Technology, Products & Markets – Life Sciences
Technology, Products & Markets Markets & Applications Life sciences Markets Applications Revenue Optical Coherence • Ophthalmic imaging Tomography 2018 £5.0m • Increased investment in a • Cardiovascular broader portfolio of OCT 2017 £4.8m products, with new Change £0.2m customers, for a range of • O
Slide 10: Our Strategy
Our Strategy Remains consistent Diversify Exploit high-growth opportunities for photonics technology across multiple sectors to provide balance and reduce cyclicality. Aim to establish critical mass in life sciences and further strengthen our position in A&D Exploit near / medium term opportunit
Slide 11: Performance Improvement Plan - Progress
Performance Improvement Plan - Progress Operational excellence – During FY 2018 we have established a more scalable manufacturing organisation, which we believe will more readily be able to accommodate anticipated growth rates. Our manufacturing sites have been organised into three manufacturing c
Slide 12: Summary & Outlook
Summary & Outlook Full year trading remains in line with our expectations. Record half year order book, which has strengthened since 31 March 2018. Continued to invest in people, equipment and processes to enable us to take advantage of the positive market environment and drive further growth.
Slide 13: Appendices
Appendices dm Gooch & Housego ENABLING PHOTONIC TECHNOLOGIES
Slide 14: About us
About us Gooch & Housego is a photonics technology business headquartered in Ilminster, Somerset, UK with operations in the USA and Europe. A world leader in its field, the company researches, designs, engineers and manufactures advanced photonic systems, components and instrumentation for applicati
Slide 15: G&H photonics – part of our everyday lives
G&H photonics – part of our everyday lives You probably use G&H photonics every time you use the internet or make a transatlantic phone call Your smartphone or tablet was manufactured and tested using G&H photonic components: - Lasers containing G&H acousto- and electro-optics are used in virtuall
Slide 16: New Products & Capabilities introduced in 2018
New Products & Capabilities introduced in 2018 Key: Technology New products Precision Acousto/Electro Fibre Systems & introduced in H1 FY2017 Optics Optics Optics Instrumentation Markets Aerospace & Defence 1 2 7 Industrial 8 3 Life Sciences 2 1 1 Scientific Research “G&H sees continued investment i
Slide 17: Key Customers
Key Customers PAGE 17 Interim Presentation June 2018