Strix Group Plc · LSE:KETL
Strix — Investor Day (2023)
36 slides from Strix's investor day presentation, 2023
Slide 1: Strix Group Capital Markets Day Q4 2023
Capital Markets Day Presentation 2023 Strix Group Capital Markets Day Q4 2023 1
Slide 2: Introduction to the team
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Introduction to the team 2
Slide 3: Introduction to the Board of Directors
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Introduction to the Board of Directors Gary Lamb Non-Executive Chairman of the Board Gary joined the Plc Board in 2017 and is a qualified accountant (CIMA) who has gained extensive business experience over the past 25 years in numerous senior ro
Slide 4: Introduction to the Divisional and Operational Directors
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Introduction to the Divisional and Operational Directors Frank Gao Harry Kyriacou Chief Operating Officer MD, Strix Consumer Goods Joined 2012 Joined 2019 Rachel Pallett Nicolo Zanuso MD, Strix Controls & Billi Finance Director, Strix Consumer G
Slide 5: Divisional structure and Strategic Business Objectives
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Divisional structure and Strategic Business Objectives 5
Slide 6: New reporting structure
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 New reporting structure Strix Controls & Billi (SCB) Strix Consumer Goods (SCG) Kettle Controls Premium Filtration Systems • Strix’s core product line of safety controls for small • A leading brand for the supply of premium instant • Consumer Go
Slide 7: Strategic Business Objectives (SBOs) to be delivered by the end of 2026
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Strategic Business Objectives (SBOs) to be delivered by the end of 2026 Defining clear objectives and Critical Success Factors to deliver 1. KJC – Profitably grow Control revenue from £68m to £88m by 2026, delivering a Gross Profit in excess of
Slide 8: Group financials
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Group financials 8
Slide 9: Revenue growth projections 2022 – 2026
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Revenue growth projections 2022 – 2026 Revenue targets Kettle Controls 16.4% £206m Revenue Growth 9.6% CAGR 2023 – 2026 £58m £156m £43m Consumer Goods £107m £60m £3m 57.7% £38m £36m Revenue Growth 2023 – 2026 £88m £68m £75m Billi Group FY 2022 F
Slide 10: Gross profit growth projections 2022 – 2026
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Gross profit growth projections 2022 – 2026 Gross profit targets Kettle Controls £80m 17.8% 10.4% CAGR Gross Profit Growth 2023 – 2026 £26m £60m £42m £20m Consumer Goods £19m £12m £1m £10m 83.4% Gross Profit Growth 2023 – 2026 £35m £28m £30m Bil
Slide 11: Strix Kettle Controls
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 2023 Strix Kettle Controls 11
Slide 12: Unit sales in Kettle Controls (# units)
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Market conditions are improving but at a slower rate than anticipated Kettle Controls Q4 performance in Kettle Controls Kettle Controls business historically recovers and has been highly resilient over time The Regulated Market, which accounts
Slide 13: Kettle Controls growth projections 2022 - 2026
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Kettle Controls growth projections 2022 - 2026 Kettle Controls Kettle Controls Revenue Targets Growth Drivers 2023 - 2026 5.2% CAGR Market Recovery £88m £68m £75m 1.2% Revenue CAGR Assumes a slower recovery of the kettle market over the 3 year p
Slide 14: Billi
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Billi Multifunction Taps 14
Slide 15: Billi growth projections 2022 - 2026
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Billi growth projections 2022 - 2026 Billi Billi Revenue Targets Commentary 10.6% CAGR • Projected revenue growth of 35.3% £58m between 2023 - 2026 £43m • Revenue growth to be £3m driven by a mix of FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 commer
Slide 16: Billi's growth drivers
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Billi’s growth drivers Billi Residential Brand reboot 1. New Product 3. Residential Service 1. Salesforce 4. Key Account Development model Effectiveness Management 2. Sales pipeline 5. New products enhancements 2. Elevate the Brand 4. Marketing
Slide 17: Current NPD
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Current NPD Billi 1 2 3 4 OmniOne Pro60 with Billi Home BCS with XL dispenser Multifunction Mixer Multifunction Mixer tapware. XT2 Contactless OmniOne and Billi Home BCS Luxgarde UVC Purification Device • Available early 2024 • OmniOne Pro60 and
Slide 18: NPD roadmap
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 NPD roadmap Billi • Green Gas roll out to core markets • Multifunction Mixer expansion (spout) • Marquee Corporate site contracts • IoT and BMS connectivity • Multi Mixer with pull out washer • Government & FM contracts • US and EU Market requir
Slide 19: TSA exit
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 TSA exit Billi ANZ TSA Exit November 2022 • Manufacturing Hub secured in Thomastown • Manufacturing facility & Head Office • Technician Ops & Warehousing • Regional Sales Offices secured and being populated nationally • Waterlogic remains a cust
Slide 20: Consumer Goods
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 2023 Consumer Goods Appliances & Water Categories 20
Slide 21: Consumer Goods growth projections 2022 - 2026
STRIX TECHNOLOGY Capital Markets Day 2023 Presentation 2023 Consumer Goods growth projections 2022 - 2026 Strix Consumer Goods Consumer Goods Revenue Targets Growth Drivers 2023 - 2026 16.4% CAGR Market Growth £60m £36m £38m 2.7% Revenue CAGR 2020 CMD: 13% CAGR 2020 – 2025 FY 2022 FY 2023 FY 2024 FY
Slide 22: Market Dynamics & Trends
STRIX TECHNOLOGY Capital Markets Day 2023 Presentation 2023 Market Dynamics & Trends +8% 2023-2026 Strix Consumer Goods Macro Water Appliances Changing purchasing habits and disposable 10% Category CAGR (2019-2024) with Statista estimate the Small income challenges mean less consumer steady 5%
Slide 23: Water Appliances
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 New Product Development 2020 – 2022 Highlights 2023 Future Roadmap Strix Consumer Goods Evolve+ Perfect Pour Jugs Perfect Pour Dispenser Evolve+ Advance Anti-Bac Filter - APAC Next Gen Evolve Filter Water Next Gen Bi-Flux Health Filter GlaSSmart
Slide 24: NPD & Commercial Initiatives
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 NPD & Commercial Initiatives +25% 2023-2026 +24% 2023-2026 Strix Consumer Goods 2020 – 2023 Highlights 2024 – 2026 Approach for Growth Water Simplified Marketing Rebranding Consumer- Led, Sustainable Innovation Expanding Manufacture & Technology
Slide 25: Human Resource Strategy
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Human Resource Strategy 25
Slide 26: Resourcing & On-boarding
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Resourcing & On-boarding Focus is on enhancement of global intellectual capability, bench strength and “growing our own”: – Acquisition of Billi has added significant R&D and manufacturing IP to the group. – Appointment of new Business Unit MD
Slide 27: Engagement & Retention
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Engagement & Retention Maintained over 80% of workforce when moving China factory through careful consultation, consideration for increased travel times and improved employee accommodation facilities Consistently improving employee terms and
Slide 28: ESG
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 ESG 28
Slide 29: Recent journey
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Recent journey Environmental Social Governance Strategy China - employee - Ambitious targets set across the group - New factory and associated upgraded facilities - Net zero Scope 1&2 by 2023 (catering, accommodation etc) Board Scope 1&2 - Struc
Slide 30: Future plans
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Future plans 4 out of 5 targets on track. In line with guidance from the Programmes in place for full TNFD achievement Develop biodiversity Deliver KPIs Bespoke ESG training strategy Prepare full material on Kallidus on- compliance with IFRS Emp
Slide 31: Emissions Scope 1,2 & 3
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Emissions Scope 1,2 & 3 Scope 1&2 - On track for net zero Scope 1&2 in 2023 - Level of offsets for Scope 2 less than 3% of 2022 total Scope 1&2 emissions - Own electricity generated from solar - ISO being implemented to assist reduce energy cons
Slide 32: Environmental footprint benefits
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Environmental footprint benefits Scope 4 avoided emissions Plastic waste - Laica water bottles and 4.5m filters sold in 2022 potentially saved over 450m single use plastic bottles. - Kettle the most efficient way to boil water - Internal KJC pac
Slide 33: New products – sustainability driven
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 New products – sustainability driven The Aqua Optima offers instant hot & boiling water at the press of a button - Energy efficient by only boiling the water needed - Variable temperature relevant for each type of drink - Strix heating technolog
Slide 34: Executive summary
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Executive summary 34
Slide 35: Executive summary
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Executive summary Alongside the interim results, Strix is announcing Strategic Business Objectives to be delivered by the end of FY 2026 – In summary, Group expects to deliver revenue growth from £107m to £206m and Group gross profit growth fr
Slide 36: Thank You
STRIX TECHNOLOGY Capital Markets Day Presentation 2023 Thank You 36