Pennant International Group Plc · LSE:PEN
Pennant International — H1 2021 Earnings Presentation
16 slides from Pennant International's earnings presentation, September 2021
Slide 1: Important Notice
Important Notice This presentation is issued on behalf of Pennant International Group plc (the “Company”) solely for the purposes of providing existing and prospective investors in the Company with information primarily concerning the Company’s financial performance for the six months ended 30 June
Slide 2: Company Briefing
Company Briefing Pennant International Group Plc Cheltenham | Manchester | Fareham | Hertfordshire | Ottawa | Brisbane | Melbourne | Wagga Wagga | West Chester
Slide 3: 2021 - Half Year Highlights
2021 - Half Year Highlights Challenging H1; improved outlook for second half; trading in line for year as a whole; H1 gross margin impacted by MTE programme; Investment commenced in GenS; first software release successfully achieved post period end; Over £1m net annualised savings in admin costs bei
Slide 4: Financial Headlines – 30th June 2021
Financial Headlines – 30th June 2021 4
Slide 5: Consolidated Income Statement
Consolidated Income Statement £000 30 June 2021 30 June 2020 31 Dec 2020 (Unaudited) (Unaudited) (Audited) Revenue 7.43 6.26 15.06 1.59 1.11 4.38 Gross profit (2.57) (3.64) (7.92) Administrative expenses (0.98) (2.53) (1.64) EBITA / PBITA (loss) (0.65) (0.63) (1.37) Amortisation (1.63) (3.16) (3.01)
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet £m 30 June 2021 30 June 2020 31 Dec 2020 (Unaudited) (Unaudited) (Audited) Non-current assets 14.2 14.5 14.8 Current assets 6.4 6.8 7.9 Current liabilities (7.7) (6.1) (7.8) Non-current liabilities (2.0) (3.4) (2.5) Shareholders funds 10.9 11.8 12.5 Non-current assets refl
Slide 7: Consolidated Cash Flow
Consolidated Cash Flow £m Six months ended 30 June Six months ended 30 June 2021 (Unaudited) 2020 (Unaudited) Net cash generated from operations 0.23 4.50 Investing activities (0.84) (0.32) Financing activities (0.06) (0.04) Net (decrease) / increase in cash and cash equivalents (0.67) 4.14 Cash and
Slide 8: Net Cash Generated From Operations
Net Cash Generated From Operations Cash generated from operations (£m) Six months ended 30 June Six months ended 30 June 2021 (Unaudited) 2020 (Unaudited) (Loss) for the period (1.70) (3.23) Depreciation 0.33 0.37 Amortisation 0.65 0.63 Share based payments 0.04 0.05 Other – finance, tax 0.07 0.07 O
Slide 9: IPS Performance
IPS Performance 30 June 2021 30 June 2020 £m (Unaudited) (Unaudited) Revenue Products / licences 0.4 0.3 Maintenance 0.6 0.5 Services 1.6 1.7 Total 2.6 2.5 Divisional contribution 0.4 0.2 Allocation of Group costs (0.4) (0.3) Profit / (loss) for the period 0.0 (0.1) 2021 H1 shows incremental growth
Slide 10: TTD Performance
TTD Performance 30 June 2021 30 June 2020 £m (Unaudited) (Unaudited) Revenue Engineered 2.7 1.2 Generic 0.3 0.8 Technical Services and Support 1.8 1.8 Total 4.8 3.8 Divisional contribution (1.1) (2.5) Allocation of Group costs (0.6) (0.6) Loss for the period (1.7) (3.1) 2021 H1 performance significa
Slide 11: Looking Forward
Looking Forward ‘© Copyright Pennant international Group pic. All rights rosorvod.
Slide 12: Three Year “Period End” Order Book - Aggregate £26m
Three Year “Period End” Order Book - Aggregate £26m Scheduled for delivery Contract (£m) 2021 2024 2022 2023 H2 H1 TTD Engineered - General Dynamics – armoured vehicle trainer 1.0 - - - TTD Engineered - UK OEM – helicopter maintenance trainer 0.8 1.0 - - TTD Generic - Middle East – installation of t
Slide 13: Look Forward – Integrated Product Support
Look Forward – Integrated Product Support SELECTED IPS OPPORTUNITIES Strong active pipeline > £14m Single Source Focus on North American and Australasia markets – Canadian DND – extension of LSA / OmegaPS services contract, circa £3.5m per annum leveraging existing footprint Australia ADF – extensio
Slide 14: Look Forward – Technical Training
Look Forward – Technical Training SELECTED TTD OPPORTUNITIES Active pipeline of over £25m (exc. major programme) Single Source / Formally notified Evolution of TTD business model Major programme – circa £25 Middle East – helicopter trainer, circa £1m Cost savings continue to be realised Middle East
Slide 15: Group Outlook
Group Outlook Implement and accelerate the Strategic plan, including: Complete development of full GenS software solution Progress corporate development activity – UK rail software and services Evolution of TTD business – focus on training software, services and proprietary generic training aids Ens
Slide 16: Thank you for your attention
Thank you for your attention Cheltenham | Manchester | Fareham | Hertfordshire | Ottawa | Brisbane | Melbourne | Wagga Wagga | West Chester
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