Chesterfield Special Cylinders Holdings Plc · LSE:CSC
Chesterfield Special Cylinders — H1 FY25 Earnings Presentation
17 slides from Chesterfield Special Cylinders's earnings presentation, Jun 3, 2025
Slide 1: FY25 Interim Results
FY25 Interim Results Investor Presentation Chris Walters, Chief Executive Sally Millen, Director of Finance Chris Webster, Chief Operating Officer 3 June 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Chesterfield Special Cylinders Holdings plc (the “Company“ or “Chesterfield Special Cylinders Holdings”) solely in connection with providing information on the Company and to certain institutional and professional investors in the United Kingdom. Thi
Slide 3: H1 FY25 highlights
H1 FY25 highlights ● Interim results reflect phasing of newbuild contract milestones and Integrity Management deployments ● Strong order intake supports second-half revenue expectations and a return to full- year Adjusted EBITDA* profitability ● Strategically significant overseas defence orders secu
Slide 4: Agenda
Agenda ● FY25 interim headlines ● Financial highlights ○ P&L ○ Balance sheet ○ Cash ● Strategic progress ○ Defence ○ Hydrogen ○ Integrity Management ● Summary & outlook
Slide 5: H1 FY25 financial highlights (continuing operations)
H1 FY25 financial highlights (continuing operations) Revenue Gross profit £5.4m £1.0m (2024: £6.5m) (2024: £1.5m) Adjusted EBITDA* loss Loss before taxation £1.3m £2.1m (2024: £0.8m loss) (2024: £1.4m loss) Continuing operations include CSC and central costs of £0.4m (2024: £0.9m) Operating cash out
Slide 6: H1 FY25 revenue by sector
H1 FY25 revenue by sector Total revenue (all sectors) £5.4m (2024: £6.5m) Defence Hydrogen £4.4m £0.7m (2024: £5.5m) (2024: £0.6m) Industrial Offshore services Integrity Management services (all sectors) £0.2m £0.1m £2.1m (2024: £0.3m) (2024: £0.1m) (2024: £1.8m) 6
Slide 7: P&L (continuing operations)
P&L (continuing operations) H1 FY25 H1 FY24 FY24 £m £m £m Revenue 5.4 6.5 14.8 Gross profit 1.0 1.5 3.7 Adjusted EBITDA (1.3) (0.8) (0.9) Chesterfield Special Cylinders (0.9) 0.1 0.8 Central costs (0.4) (0.9) (1.7) Depreciation (0.4) (0.4) (0.8) Exceptional items (0.7) (0.2) (0.7) Profit on sale of
Slide 8: Balance sheet
Balance sheet H1 FY25 H1 FY24 FY24 £m £m £m Tangible Assets 6.6 10.4 6.8 Tangible fixed assets 6.4 9.7 6.5 Right of use assets (ROUA) 0.2 0.8 0.3 Net Working Capital 0.8 5.3 1.8 Assets held for sale (PMC) - - 3.9 Tax Provisions 0.1 0.0 0.1 Net cash / (borrowings) 1.9 (0.9) (0.9) Cash 1.9 0.6 0.1 Ter
Slide 9: Cash balance (bridge from September 2024)
Cash balance (bridge from September 2024) 9
Slide 10: Strategic progress
Strategic progress • Defence • Hydrogen • Integrity Management
Slide 11: Strategy
Strategy Deliver value for our shareholders, customers and other stakeholders as a leading supplier of gas storage and transportation systems and services in demanding, safety-critical environments Defence Hydrogen Trusted supplier of safety-critical pressure systems to World-leading reputation for
Slide 12: FY25 objectives support delivery of FY28 targets
FY25 objectives support delivery of FY28 targets FY25 objectives FY28 targets Deliver revenue Grow hydrogen sales to Secure key overseas defence contracts Double >£30m high-value overseas 30% defence revenue of total revenue Position for major UK hydrogen contract awards Adjusted EBITDA margin Doubl
Slide 13: Defence - secure key overseas defence contracts
Defence - secure key overseas defence contracts FY25 progress FY28 target H1 overseas defence H1 overseas defence revenue order intake Double £1.2m £6.0m high-value overseas (2024: £0.5m) (2024: £3.6m) defence revenue ● Geopolitical tensions underpin outlook for newbuild programmes ● H1 revenue refl
Slide 14: Hydrogen - position for major UK storage contracts
Hydrogen - position for major UK storage contracts FY25 progress FY28 target H1 hydrogen contract H1 hydrogen order Grow hydrogen sales to revenue intake £0.7m £3.0m 30% (2024: £0.6m) (2024: £0.8m) of total revenue ● Significant contract secured to supply large-scale storage systems to the bp Aberde
Slide 15: Integrity Management - ramp up in UK, grow in Europe
Integrity Management - ramp up in UK, grow in Europe FY25 progress FY28 target H1 revenue H1 order intake Double £2.1m £2.7m Integrity Management (2024: £1.8m) (2024: £2.1m) revenue to £5m ● Contract for major UK naval deployment secured in Q4 2024. Work commenced in Q1 2025, programme extended into
Slide 16: Summary & outlook
Summary & outlook ● Interim results reflect phasing of newbuild contract milestones and Integrity Management deployments ● Good strategic progress made towards FY28 targets: ○ Significant overseas defence orders secured ○ First contract awarded to supply large-scale hydrogen storage systems ○ Record
Slide 17: FY25 Interim Results Q&A
FY25 Interim Results Investor Presentation Q&A
Chesterfield Special Cylinders Holdings — H1 FY25 Earnings Presentation on 6ix