Thruvision Group Plc · LSE:THRU
Thruvision — H1 FY2021 Earnings Presentation
17 slides from Thruvision's earnings presentation, Nov 23, 2020
Slide 1: Thruvision Group plc Interims results to 30 September 2020
Thruvision Group plc Interims results to 30 September 2020 23 November 2020
Slide 2: Highlights
Highlights Despite challenges presented by Coronavirus, strong Q2 performance and careful overheads management resulted in break-even EBITDA for the first half. The varying effects of the pandemic on our different market segments driving further focus within business ▼ Revenues broadly flat at £4.7
Slide 3: FY21 Half Year Income Statement
FY21 Half Year Income Statement Strong second quarter and break-even EBITDA based on careful overheads management H1 H1 £ million % change FY21 FY20 Revenue 4.7 4.8 (2%) Gross Profit 2.3 2.3 0% Gross Margin 48% 48% 0% Total admin expenses (2.2) (2.5) (12%) EBITDA* 0.0 (0.2) Page 2 * Excludes share b
Slide 4: Overhead costs
Overhead costs ▼ Overheads - reduced from 52% to 49% of Overhead costs * H1 H1 revenue and continue to be closely £ million FY21 FY20 managed Engineering (0.7) (0.8) ▼ Engineering – decreased by £0.1 million - less external R&D spend and reduced travel Sales & Marketing (0.8) (0.8) ▼ Sales & Marketi
Slide 5: Cash flow bridge
Cash flow bridge £m 10.0 0.01 - 5.32 8.0 6.0 0.20 0.33 - 0.08 0.06 1.38 8.43 4.0 5.02 2.0 0.0 ▼ Debtor balance at 30 September 2020 of £6.9m, £5.3m increase on prior period. Included CBP cash of £3.7m now received ▼ Cash balance as at 20 November 2020 of £7.8m with debtors due of £2.7m ▼ Working Cap
Slide 6: Impact of Coronavirus on our markets
Impact of Coronavirus on our markets … PROFIT VENUES & CUSTOMS AVIATION PROTECTION TRANSPORT Reducing staff theft Checking travellers Deterring attacks on Protecting travellers from warehouses by for concealed aircraft and airports & visitors up to 80% contraband from terrorism Strong increase in Le
Slide 7: "Safe Distance" Security
“Safe Distance” Security Coronavirus pandemic means customers now looking at how they can completely remove the need for physical “pat-downs” Effective “Safe Distance” security screening using Thruvision screening 3 plus metres Unsafe and ineffective current search procedure Page 6
Slide 8: Profit Protection
Profit Protection … Reducing staff theft at retail and logistics distribution centres (DCs) Market characteristics Our first Top 10* Contract ▼ Approx 25,000 DCs in UK and Europe, and 20,000 in US, and growing Logistics customer as shift to online retailing continues operating across 750 ▼ Focus on
Slide 9: Customs
Customs … Screening travellers for prohibited items at Ports of Entry Market characteristics Major Gulf State becomes Thruvision’s ▼ National government agency customers, principally screening ninth Customs Agency user for cash, drugs and other contraband ▼ Politically important for many customs age
Slide 10: Aviation
Aviation … Deterring terrorist attacks on aircraft and airports by passengers and employees Market characteristics ▼ Sector severely impacted by COVID-19 Seattle Tacoma becomes ▼ “Contactless Security” a major new driver, with new ICAO guidelines first airport to deploy new issued 16-channel camera
Slide 11: Ongoing technology development
Ongoing technology development … Further significant R&D improvements, to both hardware sensitivity and AI- algorithm detection performance CPC8 camera running Nov 19 version CPC16 camera running Oct 20 version of “Dynamic Detection” of “Dynamic Detection” Page 10
Slide 12: Expanded product range
Expanded product range … Using changes to software to tailor products to specific needs of each of our markets, all based on common, modular hardware platform CAMERAS SOFTWARE IMAGERY LPC8 LPC16 SloScan PROFIT PROTECTION to maximise very small item detection CPC8 CPC16 DynamicDetection AVIATION to m
Slide 13: Summary
Summary … While providing guidance on Full Year remains difficult given uncertainty regarding national and international travel restrictions and the resulting impact on our ability to prosecute sales, the Board remains confident Thruvision is well placed to grow into mainstream of international secu
Slide 14: Support slides
Support slides THRUVISION PEOPLE-SCREENING
Slide 15: Highly effective detection performance
Highly effective detection performance Reliably detects metallic and non-metallic item as small as 3cm x 3cm Thruvision quickly and reliably detects prohibited metallic and non-metallic threat items Thruvision sees a person’s body heat through clothing. Concealed items block that heat allowing the c
Slide 16: Completely Safe … the science
Completely Safe … the science Innovative new “body heat” video camera technology Safe for everyone Invasive inc pregnant women and people with medical appliances Harmful MICROWAVE TERAHERTZ INFRARED VISIBLE ULTRAVIOLET XRAY Wavelength 120 mm 1.2 mm 0.01 mm 0.0005 mm 0.000001 mm Technology type Activ
Slide 17: Colin Evans
Colin Evans Chief Executive colin.evans@thruvision.com Thruvision Limited 121 Olympic Avenue Milton Park Abingdon Oxon, OX14 4SA t: +44 (0) 1235 425400 www.thruvision.com