Dialight plc · LSE:DIA
Dialight — Shareholder Meeting (May 2007)
23 slides from Dialight's shareholder meeting presentation, May 9, 2007
Slide 1: Dialight plc AGM, 9th May 2007
Dialight plc AGM 9th May 2007 AGM presentation 2007
Slide 2: Financial Review 2006
Financial Review 2006 AGM presentation 2007
Slide 3: Group profit and loss account
Group profit and loss account £m 2006 2005 Movement z Turnover 62.3 56.1 11.0% z Contribution 25.4 23.2 9.3% z Unallocated expenses (20.1) (19.3) 4.1% z Operating profit ** 5.3 3.9 34.9% z Profit before tax 5.8 4.5 30.5% z Earnings per share 11.8p 10.1p 16.8% ** 2005 Operating Profit pro forma £5.0m
Slide 4: Sales and Contribution (£m)
Sales and Contribution (£m) 2006 2005 % Movement Sales Contribution Sales Contribution Sales Contribution Components 32.0 14.8 26.6 13.3 20.5% 11.0% Signals/Illumination 30.3 10.6 29.5 9.9 2.4% 7.1% 62.3 25.4 56.1 23.2 16.2% 15.9% AGM presentation 2007
Slide 5: Contribution Margin
Contribution Margin 2006 2005 Components 46.2% 50.1% Signals/Illumination 35.0% 33.5% AGM presentation 2007
Slide 6: Significant Cashflow Items
Significant Cashflow Items z £2.5m acquisition of Lumidrives z £0.8m ongoing cash contribution to DB pension schemes z £0.3m funding of Employee Share Plan z Working capital absorption £4.1m z Dividend payment of £1.5m AGM presentation 2007
Slide 7: Components
Components z Good overall growth in 2006 z Major “one time” disconnect contracts z Distributor POS growth 6% z Continued strong position with key accounts z Market slowdown in December 2006 continued through the first quarter z Good opportunities for Meter Disconnects in the US AGM presentation 2007
Slide 8: Signals/Illumination
Signals/Illumination 2005 2006 25% 21% Traffic 1% Obstruction 54% Illumination 15% 11% 63% Other 10% AGM presentation 2007
Slide 9: Signals/Illumination 2006
Signals/Illumination 2006 Disappointing revenue affected by: z Deferral of big city Traffic Light contracts in USA z Obstruction Light market in Poland slow z Cautious adoption of LEDs by major US Lighting OEMs z Strategy for growth still valid with major expansion expected to come from European Tra
Slide 10: 2006 New Products for Growth
2006 New Products for Growth z US Traffic New ITE Range of Signals z European Traffic New range of Signals for Siemens Germany New 40 volt Signals for Netherlands New 40 volt Signals for Germany New versatile driver for general European Market AGM presentation 2007
Slide 11: 2006 New Products for Growth: Obstruction
2006 New Products for Growth z Obstruction Generation 3 Red Beacon Hazardous Location Red Beacon Hazardous Location Signal Lights Universal Tower Adaptor AGM presentation 2007
Slide 12: 2006 New Products for Growth: Obstruction continued
2006 New Products for Growth z Obstruction continued…. 20,000 Candela White Strobe for US Cellular and European Wind Markets AGM presentation 2007
Slide 13: 2006 New Products for Growth: Obstruction continued
2006 New Products for Growth z Obstruction continued…. 20,000 Candela White Strobe for US Cellular and European Wind Markets Synchronised Red Beacon for US Wind Market AGM presentation 2007
Slide 14: 2006 New Products for Growth: Illumination
2006 New Products for Growth z Illumination Hazardous Location White Downlight Colourdriver RF AGM presentation 2007
Slide 15: 2007 New Products for Growth
2007 New Products for Growth z “Safesite” Hazardous Location Downlight for 100watt HID replacement z Light engine launch at Lightfair 2007 z Product submitted to UL/ETL 4/16 for C1/D2 approval (mid May completion) z Beta sites May/June AGM presentation 2007
Slide 16: 2007 New Products for Growth: Colourdriver XP
2007 New Products for Growth z Colourdriver XP Next Generation product with added value features for colour mixing applications AGM presentation 2007
Slide 17: 2007 New Products for Growth: Linkled IP
2007 New Products for Growth z Linkled IP Patent applied for: Multi use cable grommet, secures cable, retains resin and maintains IP seal. AGM presentation 2007
Slide 18: 2007 Fluorescent replacement for bus interiors
2007 New Products for Growth z Fluorescent replacement for bus interiors AGM presentation 2007
Slide 19: 2007 Spectramix fixtures using Power Line Modems
2007 New Products for Growth z Spectramix fixtures using Power Line Modems AGM presentation 2007
Slide 20: 2008 (?) New Products for Growth
2008 (?) New Products for Growth z DTI Light Engine project 12,000 Lumen Light Engine for Low Energy Street Lighting Project in association with University of Manchester Objective to produce cost effective solution AGM presentation 2007
Slide 21: Research & Development
Research & Development Intellectual Property essential to protect innovation 25 Patents filed 32 Patents pending 10 Patents issued Covering Optics, Thermal Management, Software, Communications, Packaging, Electronics. AGM presentation 2007
Slide 22: Operations
Operations z Mexico transitioned to new site z ISO 9000 for Mexico as well as Farmingdale, Roxboro and Newmarket z Newmarket recommended for TS16949 z Successful transition of Traffic Light Manufacturing from Germany to Newmarket z Lumidrives moved to larger facility z Over 60% of workforce in low c
Slide 23: Summary
Summary z Components orders expected to continue at current levels throughout the year z Potential for Smart Meter Disconnect in US Market z Continued growth in European Traffic z Continued growth of Obstruction red lights z White Strobe to drive Obstruction in Wind and Cellular Markets z Continued