Hardide Plc · LSE:HDD
Hardide — Investor Presentation (January 2021)
6 slides from Hardide's investor presentation, January 2021
Slide 1: Fundraise presentation
Fundraise presentation January 2021
Slide 2: Disclaimer
Disclaimer This document is being made available for information purposes only and does not constitute or form part of, and should not be construed as, an offer, invitation or inducement to purchase or subscribe for any securities or to enter into investment activity in any jurisdiction nor shall it
Slide 3: Summary
Summary • Declared policy is to maintain a £2m ‘cash buffer’ on balance sheet: • To give confidence to blue chip customers and suppliers of financial robustness • To provide cover for economic cycles / slowdowns / increased working capital requirement • Momentum was with the Company going into COVID
Slide 4: Pre-COVID momentum
Pre-COVID momentum Strong sales growth before COVID Ebitda positive in H1 2020 before disruption COVID disruption • Overall trajectory very positive - FY20 was on track for record sales and being ebitda positive • H1 2021 turnover projected to be similar to H2 2020 • Projections for H2 2021 are more
Slide 5: Why now?
Why now? Financial position: • Cash at bank at 31 December 2020 was £1.75m • Reduced spending and some prudent mitigating measures in place to reduce cash burn • Auditors will look at the cash projection to at least February 2022 when signing-off the Group’s statutory accounts • Extra funds will pro
Slide 6: Oil & Gas market
Oil & Gas market • Oil & Gas industry historically accounts for c.60% of sales • Whilst the Company is diversifying sales mix away from a reliance on Oil & Gas it remains an important part of the business • Confident that business will return to at least previous levels • Many new applications comin