Surface Transforms Plc · LSE:SCE
Surface Transforms — Shareholder Meeting (2025)
8 slides from Surface Transforms's shareholder meeting presentation, Jul 21, 2025
Slide 1: AGM 2025
GEEZ Evan VO KEVIN JOHNSON, CEO ; AGM 2025
Slide 2: Disclaimer
The information contained in these slides and any accompanying verbal presentation, any question and answer session and any document or material distributed at or in connection with the verbal presentation (together, the “Presentation”) have not been approved by an authorised person within the meani
Slide 3: Trading update, Customers, Operations, People
Trading update – Revenue and Cash Customers – Support from customers – Customer KPIs Operations – Manufacturing Yield – Capacity – Cost reduction People
Slide 4: Revenues and Cash
Half year revenues £’m Revenues 10 10 – Growth returned in H125 8.1 • c.75% growth compared to H124. 9 8 7 6 • 2024 full year revenues achieved in H125 4.6 5 4 3.7 – Q125 revenues flat 3 • Focus was on improving cash flow, yield and manufacturing output – Q225 revenues significantly stronger 2 1 • O
Slide 5: Highly supportive customers and Customer KPIs
Highly supportive £ £ Technical Demand Improved Supporting resources management Pricing cash flow • Deployment of • Redefining forecasts • Analysed costs • Customer prepayments £12.9m manufacturing specialists • Modifying demand • Defined sustainable • Survive and stabilise • Embedded into business
Slide 6: Manufacturing yield and Capacity
Manufacturing yield Manufacturing yield 90% – Q125 – poor performance with ramp up challenges 80% 77% 80% – Q225 – Significant improvement Target average for FY25 • Achieved 77% average target for FY25 – H225 – sustaining current performance 70% 57% • Delivers the target >80% 60% 49% 50% • Significa
Slide 7: Cost reduction and People
Cost reduction Cost reduction - % change in – 2024 - 96% away from planned cost 110% 96% unit cost • Supply chain pressures 90% • Inefficient manufacturing due to instabilities and variations 70% 53% • Delays to new equipment with improved efficiency – H125 – Recovery with deficit to 53% 50% 31% 30%
Slide 8: Summary: Revenues, Customers, Operations, People
Revenues and Cash – H125 revenues £8m – broadly equalling FY2024 – Sustaining Q225 operational performance delivers positive EBITDA in H225 – Cash tightly managed with customer prepayments stablishing the business – Cash H125 £1.2m with expected year end cash £1m Highly supportive customers – Techni