Dialight plc · LSE:DIA
Dialight — Shareholder Meeting (May 2009)
23 slides from Dialight's shareholder meeting presentation, May 13, 2009
Slide 1: Dialight plc AGM 13 May 2009
Dialight plc AGM 13 May 2009 @eeeeeeeeeee”
Slide 2: 2008 Highlights
2008 Highlights z Turnover increased by 23% to £77.8m (2007: £63.4m) z Signals/Illumination showing good revenue growth z Operating profit up by 37% to £5.3m (2007: £3.8m) z Profit before tax up by 26% to £5.6m (2007:£4.5m) z Basic EPS of 11.2p (2007:8.8p) z Strong cash generation z Net cash £4.1m –
Slide 3: Current Trading 2009
Current Trading 2009 z LED Indication stabilised z Signals/Illumination less affected by current market conditions z YTD volumes down modestly but value up for S/I z Europe more adversely affected than North America z Strong prospects for White Strobe z Staffing levels significantly reduced z Outloo
Slide 4: Financial Highlights
Financial Highlights 2008 2007* % z Revenue £77.9m £67.6m 15% z Signals/Illumination £43.4m £36.0m 21% z Electromagnetic components £15.1m £11.0m 37% z Indication business £19.4m £20.6m (6)% * Restated to 2008 exchange rates
Slide 5: Indication Components
Indication Components z Good quality earnings z Business fundamentals unchanged z Last four months of trading down 35% z Business stabilised
Slide 6: Electromagnetic Components
Electromagnetic Components z Sales up 37% on 2007 z Continued business with three major AMI customers z Looking to expand customer base z Market continues to adopt
Slide 7: Signals/Illumination - Revenue
Signals/Illumination - Revenue 2008 2007* z Revenue £43.4m £36.0m z Traffic £24.4m £20.5m z Obstruction £4.6m £3.1m z Transportation £8.3m £7.9m z Lighting £6.1m £4.5m * Restated to 2008 exchange rates
Slide 8: Signals - Traffic
Signals - Traffic z Traffic up 31% on 2007 (20% constant currency) z Both Europe and US showing growth z First significant sales to UK z Improved margins in both geographies z Some major contracts in the US z Potential to use channel for lighting sales – bridges, tunnels, roadway signs
Slide 9: Signals - Obstruction
Signals - Obstruction z 56% year on year growth (47% at constant currency) z Sales of Red Beacons driven by US Wind Turbine Market z Latest White Strobe half the size, half the weight Initial shipments made to major cell tower operators covering more than 60% of the market More than three hundred un
Slide 10: Dialight
Dialight
Slide 11: Signals - Vehicle
Signals - Vehicle z 35% Growth in 2008 (25% at constant currency) z Growth driven by continued government spending on Transit Buses z Enhanced penetration of Military Vehicle Market as LED lights become standard
Slide 12: Illumination - White Lighting
Illumination - White Lighting z 37% Lighting growth in 2008 ( 34% at constant currency) z Sales of initial Safesite product to many flagship customers z Product in evaluation/first use by Centrica, Rio Tinto, Valero, Henkels,etc z Over 1200 hundred units sold z Payback in less than two years z Agree
Slide 13: How do LEDs compare to the competition?
How do LEDs compare to the competition ? Type Efficiency Life - hours Cost Per Colour lm/W x1000 Lumen $ Rendering Ra High Pressure 60 -120 10 - 20 0.0004 30 Sodium Ceramic Metal 60 -100 6 -12 0.0010 70 - 95 Halide Fluorescent 40 -100 6 - 45 0.0005 60 - 90 Halogen & 8 -22 2 - 10 0.0002 100 Tungsten
Slide 14: So why LED White Lighting?
So why LED White Lighting? z Superior optics reduce light pollution and give a more efficient FIXTURE z Safesite 150, 90 watts replaces Metal Halide 150 watts z Safesite 250 ,100 watts replaces High Pressure Sodium 250 watts
Slide 15: Inefficient Light Fixture
Dialight Inefficient Light Fixture
Slide 16: Efficient Light Fixture
Efficient Light Fixture
Slide 17: Energy wasted by lighting
Dialight Energy “wasted” by lighting
Slide 18: So why LED White Lighting?
So why LED White Lighting? z Dialight LED Light Fixtures are shock and vibration proof z Guaranteed 5 year life in the most rigorous environments z Reduced maintenance and improved safety
Slide 19: Rugged
Dialight Rugged
Slide 20: So why White LED Lighting?
So why White LED Lighting? z LED lights like to be turned on and off z LED lights are instant on and off z LED lights can be easily turned down z This adds to energy saving
Slide 21: 24/7 lighting is a waste
24/7 lighting is a waste
Slide 22: Stimulus Package
Stimulus Package z $3.2Bn for Energy Efficiency including Traffic Lights and Street Lights with LEDs z $6Bn Loan Guarantees for renewable energy z $4.5Bn Improved Energy Efficiency in Federal Buildings z $4.2Bn Dept of Defense improved Energy Efficiency z $27.5Bn highway investments including traffi
Slide 23: Prospects
Prospects z Signals/Illumination positioned for continued growth building on 47% growth since 2005 z Continued investment in Sales and Engineering for S/I z Meter Disconnect well placed for AMI implementation z LED Indication continued reduced activity level until market returns but still profitable