Chesterfield Special Cylinders Holdings Plc · LSE:CSC
Chesterfield Special Cylinders — Pressure Technologies — Shareholder Meeting (February 2019)
15 slides from Chesterfield Special Cylinders's shareholder meeting presentation, Feb 12, 2019
Slide 1: Annual General Meeting
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Slide 2: Agenda
Agenda 10.55am Welcome to Chesterfield Special Cylinders, Mick Pinder, MD 11.00am Annual General Meeting 11.30am Presentation, Chris Walters, Chief Executive 11.40am Questions 12.00pm Lunch
Slide 3: Ordinary Resolutions
Ordinary Resolutions As set out in the Notice of the Meeting Resolution 1 • To receive and adopt the accounts together with the reports of the Directors and auditors for the period ended 29 September 2018. Resolution 2 • To approve the Directors’ Remuneration report for the period ended 29 September
Slide 4: Ordinary Resolutions
Ordinary Resolutions As set out in the Notice of the Meeting Resolution 6 • To reappoint Grant Thornton UK LLP as auditors of the Company to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting and to authorise the directors to fix th
Slide 5: Special Resolutions
Special Resolutions As set out in the Notice of the Meeting Resolution 8 The Company is generally and unconditionally authorised for the purposes of Section 116 of the Act to make market purchases, as defined in Section 693(2) of the Act, of ordinary shares in the capital of the Company up to an agg
Slide 6: Special Resolutions
Special Resolutions As set out in the Notice of the Meeting Resolution 9 To give the directors of the Company, subject to the passing of resolution 7, the power to allot equity securities (within the meaning of section 560 of the Act) wholly for cash pursuant to the authority conferred by resolution
Slide 7: Final Results of Proxy Appointments Received for the AGM
Pressure Technologies plc Final Results of Proxy Appointments Received for the AGM to be held at 11:00 am on 12 February 2019 Chairman of the meeting Chairman of the meeting Chairmans FOR AGAINST Discretion Abstain Cards Votes Cards Votes Cards Votes Cards Votes Ordinary Resolution 1 28 8,242,975 *2
Slide 8: Annual General Meeting
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Slide 9: Full Year Results 2018 – Group highlights
Full Year Results 2018 – Group highlights Group revenue of £32.2 million, down 7% YOY, with fewer renewable energy projects Adjusted operating profit of £0.5 million, driven by losses in Greenlane Biogas Manufacturing revenue up 13% YOY, second- half up 32% on the first-half Manufacturing gross marg
Slide 10: Full Year Results 2018 – Group highlights
Full Year Results 2018 – Group highlights Post year-end conditional sale of Greenlane Biogas for £11.1 million Sale of Hydratron completed for an initial consideration of £1.1 million Additional consideration up to £2.25 million payable on future trading Net debt reduced to £6.7 million (H118: £9.3
Slide 11: Strategy and outlook
Strategy and outlook Defence sector focus, UK and overseas Oil and gas sector focus Naval project visibility to 2023 Order book and order intake have Accelerating development of Integrity increased significantly over 2017 levels Management services Growth from new and existing Building on success in
Slide 12: People
People The success of the Group comes from our people... Focus on employee safety Group management Recruitment to meet and well-being, promoting a development programme, growing workload and new positive working providing toolkit for best skill requirements, including environment and employer practi
Slide 13: Group is well placed to take advantage of improving market conditions
Group is well placed to take advantage of improving market conditions and realise the benefits of investment in people, new equipment and supporting processes Further strengthening of balance sheet through proposed sale of Greenlane Biogas will support investment and accelerated growth in target mar
Slide 14: Annual General Meeting
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Slide 15: Disclaimer
Disclaimer This presentation has been prepared by Pressure Technologies plc (the “Company“ or “Pressure Technologies”) solely in connection with providing information on the Company and to certain institutional and professional investors in the United Kingdom. This presentation does not constitute o
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