Velocity Composites Plc · LSE:VEL
Velocity Composites — FY2024 Earnings Presentation
23 slides from Velocity Composites's earnings presentation, 2025
Slide 1: Full Year Results Investor Presentation
Full Year Results For the Financial Year Ended 31 October 2024 INVESTOR PRESENTATION
Slide 2: Velocity Disclaimer
Velocity Disclaimer IMPORTANT NOTICE prospectus, contract or commitment. is being made available to the recipients Group’s present and future business strategies and the environment in which thereof for the purpose of providing information and is not intended to form the the Company and/or the Group
Slide 3: Presentation Team
Presentation Team © Velocity Composites plc - 2025 | www.velocity-composites.com Andy Beaden Jon Bridges Rob Smith Non-Executive Chairman CEO CFO Andy has over 30 years’ experience in finance, Jon co-founded Velocity Composites in 2007. Rob is a chartered management accountant with technology and ma
Slide 4: FY24 Financial Highlights
FY24 Financial Highlights Revenue Gross Margin % Adjusted EBITDA* £23m 25.9% £0.4m © Velocity Composites plc - 2025 | www.velocity-composites.com FY23 £16.4m FY23 18.8% FY23 £(1.6)m Cash at Bank Operating Loss £1.7m £(0.9)m FY23 £3.2m FY23 £(2.8)m * Earnings before interest, tax, depreciation, amort
Slide 5: Aerospace Industry | 2024 Review - 2025 Expectations
Aerospace Industry | 2024 Review - 2025 Expectations 2024 Review Outlook for 2025 © Velocity Composites plc - 2025 | www.velocity-composites.com • Well reported issues with Boeing Commercial • Spirit Aerosystems re-acquisition expected to Aircraft, due to Labour strike in US and quality complete mid
Slide 6: Business Progress
Business Progress US OPERATIONS EUROPEAN OPERATIONS © Velocity Composites plc - 2025 | www.velocity-composites.com • At HY24, successfully completed the First • New pricing agreements in place with existing Article Inspection (FAI) requirements needed customers with annual reviews for inflation from
Slide 7: Summary Income Statement
Summary Income Statement FY24 FY23 £000 £000 © Velocity Composites plc - 2025 | www.velocity-composites.com • Group revenue for FY24 increased 40.2% as sales Revenue 23,006 16,411 from our US site ramped through the year Cost of sales (17,045) (13,325) • Gross profit improved as a result of the incr
Slide 8: Summary Statement of Financial Position
Summary Statement of Financial Position FY24 FY23 • Non-current assets reduced through normal £000 £000 depreciation and amortisation and a quieter year © Velocity Composites plc - 2025 | www.velocity-composites.com Non-current assets 4,667 5,114 in terms of capital expenditure Inventories 2,500 2,7
Slide 9: Summary Statement of Cash Flows
Summary Statement of Cash Flows © Velocity Composites plc - 2025 | www.velocity-composites.com FY24 FY23 • Net cash flow generated from operations in year £000 £000 • Investing activities were: Operating cash in/(out)flow 345 (1,730) • Purchases of PP&E of £212k, principally Movements in working cap
Slide 10: FY25 Outlook
FY25 Outlook © Velocity © Composites Velocity Composites Plc - 2025 plc - 2025 | www.velocity-composites.com • A350 programme production rates are • Anticipated near-term growth supports the expected to increase significantly as the OEM Board’s key targets: strives to fulfil its order backlog. This
Slide 11: Summary
Summary © Velocity Composites plc - 2025 | www.velocity-composites.com • 40% revenue in FY24 including quadrupling of • Board strengthened with the addition of an sales in US experienced CFO • Onboarding of US programmes continues and • New business opportunities being developed in we expect approva
Slide 12: Appendices
© Velocity Composites plc - 2025 | www.velocity-composites.com 12 Appendices
Slide 13: Major Shareholders (as at January 2025)
Major Shareholders (as at 24 January 2025) Number of % of issued © Velocity Composites plc - 2025 | www.velocity-composites.com Ordinary Ordinary NAME Shares Shares Amati Global Investors 5,650,294 10.46% Jonathan Bridges 5,365,929 9.94% Seneca Partners 4,519,236 8.37% Stonehage Fleming 4,458,956 8.
Slide 14: Experienced Board and Senior Management
Experienced Board and Senior Management © Velocity Composites plc - 2025 | www.velocity-composites.com Andy Beaden Jon Bridges Rob Smith Annette Rothwell David Bailey Non-Executive Chairman Chief Executive Officer Chief Finance Director Non-Executive Director Non-Executive Director Andy has over 30
Slide 15: Our Approvals
Our Approvals © Velocity Composites plc - 2025 | www.velocity-composites.com AIRBUS: BOEING: NADCAP - AC7118 (KSP) ABP-62185, ABP-61289, AIPS03-02-018, BCA-65224-0312 Merit status (all UK facilities) AIPS03-02-019, AIPS03-07-007 + SBP-65224-0411 15
Slide 16: Investment Case
Investment Case • VELOCITY COMPOSITES PLC is an established • SUSTAINED PROFITABILITY AND POSITIVE business which delivers real benefits to large CASH GENERATION EXPECTED IN H2 FY25 © Velocity Composites plc - 2025 | www.velocity-composites.com aerospace manufacturers by using proprietary with enoug
Slide 17: Composite Materials
Composite Materials • A combination of a matrix and a reinforcement, which when combined gives properties superior to the COMPOSITE USE IN AIRCRAFT properties of the individual components • In the case of an aerospace composite, the reinforcement is the fibres and the matrix is the thermosetting res
Slide 18: Sustainability driving growth | New generation aircraft
Sustainability driving growth | New generation aircraft “Today, around 30% of the world’s in service aircraft fleet are of the latest generation. Replacing the remaining 70% of previous generation aircraft, combined with more efficient ways to operate aircraft, SAF, future technologies such as hydro
Slide 19: The Velocity Solution
The Velocity Solution Raw Material Customer Structural Product © Velocity Composites plc - 2025 | www.velocity-composites.com Vacuum Bag Product Finished Part (1m diameter) Aimed at providing at least 10% material cost saving and 20% time cost saving to customers 19
Slide 20: Velocity Technology
© Velocity Composites plc - 2025 | www.velocity-composites.com MATERIAL SUPPLIER EXPECTED STOCK ACTUAL STOCK D IBP FREEZER D CUSTOMER MONTHLY MATERIAL D RAW MATERIAL VC DEMAND 12 to 34 MANAGEMENT ERP ORDER BOOK DEMAND PLANNING Weeks (KIT/Part level) DEMAND (WITH RFID) REVIEW RAW MATERIAL STOCK 2 to
Slide 21: Where Velocity sits in the global composites industry
Where Velocity sits in the global composites industry VELOCITY TOTAL KIT PROVISION © Velocity Composites plc - 2025 | www.velocity-composites.com • Inventory Finance • Inventory Management Global Material Suppliers / Distributors • Demand Aggregation • Goods In • Quality Inspection • Kit Manufacturi
Slide 22: Revolutionising Composite Cleanrooms
© Velocity Composites Plc - JAN 2021 © Velocity Composites plc - 2025 | www.velocity-composites.com Revolutionising Composite Cleanrooms 22
Slide 23: Contact us
© Velocity Composites plc - 2025 | www.velocity-composites.com 23 www.velocity-composites.com Contact us: +44 (0)1282 577577