Dialight plc · LSE:DIA
Dialight — Shareholder Meeting (May 2006)
18 slides from Dialight's shareholder meeting presentation, May 9, 2006
Slide 1: Dialight plc 2006 AGM
Dialight plc 2006 AGM 9th May 2006 Dialight plc AGM 2006
Slide 2: Highlights of 2005
Highlights of 2005 z Divested Solartron Businesses for gross proceeds of £72.1m z Returned £46.5M to Shareholders (£90m since 2003) z Renamed and Refocussed company : Dialight plc z Appointed new Executive Management Team z Year end cash position £9.8m z Early 2006 acquisition of Lumidrives Dialight
Slide 3: Highlights - Continuing Businesses
Highlights - Continuing Businesses z Strong increase in sales and profit in H2 over H1 z Profit before tax £4.5m versus £4.3m in 2004 z Operating Cash Flow £5.3m for Continuing Group before Capex and Pension Payment z Strong year-end balance sheet z Increased order intake in 2006 Dialight plc AGM 20
Slide 4: Proforma 2005 group profit and loss account
Proforma 2005 group profit and loss account £m Turnover 56.1 Operating profit 5.0 Interest 0.4 Profit before tax 5.4 Taxation (1.9) 3.5 Dividend – say 4.5 pence full year 1.4 EPS 11p Dividend Cover 2.46x Dialight plc AGM 2006
Slide 5: Dialight – continuing group cash flow
Dialight – continuing group cash flow £m 2005 2004 Operating profit 3.9 4.4 Depreciation / amortisation 1.8 1.7 Movement in working capital (0.4) (0.1) Cash from operations 5.3 6.0 Capital expenditure (1.1) (0.7) Tax (1.6) (1.5) 2.6 3.8 Before one-off pension contributions Dialight plc AGM 2006
Slide 6: Reporting Segments
Reporting Segments z Components- Traditional Indicator Business + Electromagnetic Based Products z Signals/Illumination – High Brightness LED Business comprising Traffic Lights, Rail Signals, Obstruction Lights and Solid State Lighting Dialight plc AGM 2006
Slide 7: 2005 Sales and Contribution by Segment
2005 Sales and Contribution by Segment 2005 2004 Sales Contribution Sales Contribution % % £m £m £m £m Components 26.6 13.3 27.2 14.7 (2.2) (9.5) Signals/Illumination 29.6 9.9 28.0 9.2 5.5 7.3 Total 56.2 23.2 55.2 23.9 1.8 (2.9) Dialight plc AGM 2006
Slide 8: Components
Components z Orders up 4% on year and 18% on H2 z Sales down 2% on year z H2 Sales up 5% on H2/04 z Contribution down on year z Electromagnetic Components responsible for adverse swing in contribution year on year Dialight plc AGM 2006
Slide 9: Components
Components z North American Distributor Point of Sales 5% growth in 2005 z Continued strong Preferred Vendor Status at OEMs z Awarded Wing Mirror Contract for major Japanese Auto Manufacturer- will ship in 2006 z Booked £1.5m+ orders for Meter Disconnects in January/February 2006 z 2006 to date Orde
Slide 10: Signals /Illumination
Signals /Illumination z Orders up 4.6% on year z Orders in H2/05 up 10% on H2/04 z Sales up 5.5% on year z Sales in H2/05 up13% on H2/04 z Contribution up 7.3% on year z Obstruction showing good growth year on year z Traffic flat in 2005 Dialight plc AGM 2006
Slide 11: Drivers for Growth
Drivers for Growth z Components Segment expected to show mid single digit growth over time z Signals/Illumination expected to demonstrate double digit growth through focus on 1. European Traffic 2. European/Asia Rail 3. Obstruction Lights 4. Niche opportunities in Industrial Applications for white l
Slide 12: Acquisition of Lumidrives Ltd.
Acquisition of Lumidrives Ltd. z Completed on 11 January 2006 for £3m £2.45m in cash £0.55m in Dialight shares (223,578 shares) z 2005 draft results show sales of £3.2m with a double digit return z Consistent growth in sales from 2002 to 2005 z Net assets of approximately £0.5m at acquisition –
Slide 13: Architectural Lighting Products
Architectural Lighting Products Dialight plc AGM 2006
Slide 14: Modules – Light Engines, Drivers and Optics
Modules – Light Engines, Drivers and Optics Dialight plc AGM 2006
Slide 15: The Light – Leeds, UK
The Light – Leeds, UK Dialight plc AGM 2006
Slide 16: Lacoste Retail Outlets – Nationwide UK
Lacoste Retail Outlets – Nationwide UK Dialight plc AGM 2006
Slide 17: Prospects for 2006
Prospects for 2006 z European Traffic positioned to grow z Obstruction continued growth with new products and more adoption z White Light- hazardous location launched z Coloured Light- exploitation of Lumidrives acquisition on a worldwide basis z Promising signs in Components Segment Dialight plc AG
Slide 18: DIALIGHT
DIALIGHT Uniquely Positioned to Exploit the Lighting Revolution Dialight plc AGM 2006