Thruvision Group PLC · LSE:THRU
Thruvision — H1 FY2020 Earnings Presentation
16 slides from Thruvision's earnings presentation, Nov 25, 2019
Slide 1: Thruvision Group plc Interim results to 30 September 2019
Thruvision Group plc Interim results to 30 September 2019 25 November 2019
Slide 2: Highlights
Highlights Commercial momentum has been maintained, new flagship customers, particularly in the US, have been added, and repeat orders from existing customers received ▼ Revenues for the six months ended 30 September 2019 grew 53% to £4.8 million (H1 2018: £3.2 million) ▼ Operating loss before tax h
Slide 3: FY20 Half Year Income Statement
FY20 Half Year Income Statement Strong revenue growth with move towards profitability H1 H1 £ million % change 2019 2018 Revenue 4.8 3.2 53% Strong revenue growth in organic unit sales. Unit volumes increasing to 64 v 60 Gross Profit 2.3 1.2 92% Gross Margin growth as a result of Gross Margin 48% 39
Slide 4: Administrative Expenses
Administrative Expenses £m Admin expenses 2019 H1 to 2020 H1 3.0 0.10 0.04 0.05 - 0.21 Revenue growth 0.22 0.29 up +93% 2.0 Gross Profit 2.57 2.08 >+100% 1.0 Adjusted EBITDA* +22% Page 3
Slide 5: Cash bridge
Cash bridge £m Cashflow 31.03.19 - 30.09.19 10.0 - 0.20 - 0.78 0.24 - 0.19 Revenue 0.21 growth up +93% 8.0 9.37 Gross Profit 8.66 >+100% 6.0 Adjusted EBITDA* +22% Page 4
Slide 6: Our five market segments
Our five market segments … AVIATION Deterring attacks to aircraft and airports CUSTOMS LOSS PREVENTION Checking travellers for Reducing staff theft from concealed contraband warehouses by up to 80% Potential market of many thousands of units per year MASS TRANSIT ENTRANCES Protecting travellers Redu
Slide 7: Aviation
Aviation … Deterring terrorist attacks on aircraft and airports by passengers and employees Market characteristics ▼ Significant growth in air passenger numbers ▼ New faster bag scanning technology making people screening the bottleneck LAX selected Thruvision to ▼ ‘Insider’ or employee threat seen
Slide 8: Customs
Customs … Screening travellers for prohibited items at Ports of Entry Market characteristics US CBP becomes Thruvision’s eighth ▼ National government agency customers, principally screening Customs Agency user for cash, drugs and other contraband ▼ Politically important for many customs agencies, bu
Slide 9: Loss Prevention
Loss Prevention … Reducing staff theft at retail and logistics distribution centres (DCs) Market characteristics ▼ Many retail customers and each with a growing number of JD Sports use Thruvision to improve distribution centres the security process for employees, ▼ Increasing problem given shift to
Slide 10: Mass Transit and Entrance Security
Mass Transit and Entrance Security … Balancing visitor throughput with security assurance at both public and private sites Market characteristics ▼ Large number of potential uses across all types of facilities ranging from subway and rail stations, through high security buildings to public venues ▼
Slide 11: Ongoing technology development
Ongoing technology development … Good progress with R&D, covering both hardware and software innovations, and active patent programme ‘Fusing’ of three different Under contract to TSA, using New high performance terahertz frequencies in new advanced AI-based image 16 channel sensor to outdoor produc
Slide 12: Summary
Summary … ▼ Good headline growth in the period, with improving gross margins and reduced operating losses, in move towards profitability ▼ Further significant progress in the US, with both US Customs and Border Protection and Los Angeles World Airports becoming latest customers ▼ Further new and rep
Slide 13: Support slides
Support slides THRUVISION PEOPLE-SCREENING
Slide 14: A new type of security technology
A new type of security technology … Where does “Passive Terahertz Technology” fit in ? Safe Harmful MICROWAVE TERAHERTZ INFRARED VISIBLE ULTRAVIOLET XRAY Wavelength 120 mm 1.2 mm 0.01 mm 0.0005 mm 0.000001 mm Technology type Active Passive Passive Passive Active Airport IR Video X-Ray Example scanne
Slide 15: Addressing the need for fast, effective detection
Addressing the need for fast, effective detection … Existing technologies have significant drawbacks in terms of throughput and detection effectiveness Why is Thruvision different ? ▼ No “divestment” of clothing or personal effects High ▼ No “pat downs” as concealed item can be seen Throughput ▼ Can
Slide 16: Colin Evans
Colin Evans Chief Executive colin.evans@thruvision.com Thruvision Limited 121 Olympic Avenue Milton Park Abingdon Oxon, OX14 4SA t: +44 (0) 1235 425400 www.thruvision.com