Image Scan Holdings Plc · LSE:IGE
Image Scan — Shareholder Meeting (February 2016)
14 slides from Image Scan's shareholder meeting presentation, February 2016
Slide 1: Presentation to Annual General Meeting
Image Scan Holdings plc Presentation to Annual General Meeting February 2016
Slide 2: Introduction
Introduction Image Scan Holdings plc (Image Scan) • Manufacturer of X-ray inspection systems for security and industry • The portfolio includes portable, check point and vehicle security inspection systems and in-line/off-line industrial systems • Successful exporter, (c.80% of sales overseas) • Exp
Slide 3: Image Scan - Board & Head of Finance
Image Scan - Board & Head of Finance Former president, Smiths Detection William Mawer Chairman and CEO North America (Appointed in April 2014) Sales and Marketing Experienced sales professional Vincent Deery Director (Appointed in January 2008) Experienced international security Dr Richard Leaver NE
Slide 4: Year to September 2015 - Summary
Year to 30 September 2015 - Summary 2015 2014 Sales £1.7m £2.2m GP% 38% 31% Overheads £1.3m £1.2m Pre-tax trading loss (£640k) (£451k) Cash £469k £948k • Sales held back by delays in product development programme (now rectified) • Increased R&D to drive product launches • New security X-ray products
Slide 5: Security - product areas
Security - product areas Product class Description Portable X-ray inspection systems for Explosive Portable Portable X-ray Ordnance Disposal (EOD) and counter terrorism X-ray baggage inspection system for security check Conveyor Conveyor X-ray points Small vehicle X-ray inspection system for securit
Slide 6: Security Sales
Security Sales 2015 2014 Sales £1.2m £1.5m GP% 31% 29% • Sales of portables reduced due to delays in new product development • Conveyor sales increased, driven by orders from Middle East • No SVXi sale in 2015 as customer lost budget Update to the end of January 2016 •Significant orders have been re
Slide 7: Complete product range – portable X-ray
Complete product range – portable X-ray Precision Linescan Detector Price (PLD) ThreatScan-PLD I-Gen FlatScan-Lite K-120 ThreatScan-LS1 I-Gen Performance The new Image Scan products include: •Unique X-ray generators and panels •Fully wireless connectivity •Full set of software features and with clea
Slide 8: Portable X-ray – Innovate UK grant project
Portable X-ray – Innovate UK grant project The challenge •Portable X-ray detector market is competitive •Need to differentiate Image Scan’s product •High end systems using medical type X-ray technology are expensive Image Scan approach •License novel detection technology from Ibex Innovations •Won £
Slide 9: Security focus for remainder of FY2016
Security focus for remainder of FY2016 • Trials/demonstrations to partners and customers • Complete Innovate UK project to develop PLD • Fill gaps in route to market – add territories • Win larger government tenders 9
Slide 10: Industrial testing in emission control systems
Industrial testing in emission control systems Product areas Product class Description Primarily used in automotive testing to develop Portable Off line X-ray manufacturing methods and to test at low volumes Primarily used in automotive testing to carry out in- Conveyor In-line X-ray line production
Slide 11: Industrial sales
Industrial sales 2015 2014 Sales £500k £660k Margin 59% 35% • Year end order book of 4 units • Strong pipeline Update to the end of January 2016 • Orders received for additional 3 machines (7 in total for 2015/16 delivery) • Long term support contracts signed with major customers • Developing a more
Slide 12: Industrial – focus in FY 2016
Industrial – focus in FY 2016 • Deliver current order-book • Drive roll-out with current customers • Plan Mid-life upgrade to enhance: • Performance • Ease of manufacture • Reliability Growth opportunities • Market growth • Roll-out with current customers Typical in-line machine • Add new customers
Slide 13: Overall growth approach
Overall growth approach Organic Investment Scale Growth Acquisition 13
Slide 14: Summary
Summary • A diversified portfolio of products across two sectors • A well-qualified and experienced board • Good international reach • A new range of products for the core portable X-ray market • An attractive position in industrial X-ray with scope for expansion • Potential platform for acquisition
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