Pennant International Group Plc · LSE:PEN

Pennant International — FY2023 Earnings Presentation

22 slides from Pennant International's earnings presentation, June 2024

Slide 1: Company Briefing: Final Results for Year Ended 31 December 2023
JUNE 2024 COMPANY BRIEFING FINAL RESULTS FOR YEAR ENDED 31 DECEMBER 2023 Copyright 2024 © Pennant International Group Plc. All other trademarks are the property of their respective owners.
Slide 2: Disclaimer
DISCLAIMER This presentation is issued on behalf of Pennant Company or its advisers and is subject to material or into the USA, Canada, Australia, New Zealand, South This presentation may contain forward-looking statements International Group plc (the “Company”) solely for the amendment, updating an
Slide 3: Who We Are
WHO WE ARE Pennant is a market leading, technology driven business with RAIL DEFENCE a global customer base 10% 80% Our software and training solutions are designed to enable users to maximise operational and maintenance efficiency AEROSPACE 10% Our mission is to ensure systems are where they are ne
Slide 4: What Pennant Does
WHAT PENNANT DOES Pennant provides systems support and training solutions to defence departments and major OEMs worldwide to maximise operational and maintenance efficiency We address the market through three key business lines: SYSTEMS SUPPORT TRAINING SOLUTIONS TECHNICAL SERVICES Our software tool
Slide 9: Highlights
HIGHLIGHTS OPERATIONAL • Continued significant investment in the Group’s proprietary software products, totalling £1.4 million for the Period • Acquisition of Track Access Productions Limited in April 2023, broadening Pennant's existing rail offering and customer base, delivering PBT of £155k in app
Slide 10: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT £M 31 DEC 2021 31 DEC 2022 31 DEC 2023 (AUDITED) (AUDITED) (AUDITED) Revenue 15.97 13.69 15.54 Gross profit 4.36 5.79 7.73 Administrative expenses (6.70) (6.90) (7.84) EBITA / PBITA (0.78) 0.53 1.42 Amortisation (1.37) (1.52) (1.33) Operating (Loss)/Profit (2.15) (0.99)
Slide 11: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET £M 31 DEC 2021 31 DEC 2022 31 DEC 2023 (AUDITED) (AUDITED) (AUDITED) Non-current assets 15.0 13.2 13.3 Current assets 6.6 6.6 5.4 Current liabilities (9.0) (8.1) (8.0) Non-current liabilities (1.4) (1.0) (0.9) Shareholders funds 11.1 10.7 9.8 • Non-current assets include £
Slide 12: Consolidated Cash Flow
CONSOLIDATED CASH FLOW £M 31 DEC 2022 31 DEC 2023 (AUDITED) (AUDITED) Net cash from operations 2.57 1.29 Investing activities 0.36 (2.32) Financing activities (0.18) (0.17) Net increase / (decrease) in cash and cash equivalents 2.75 (1.20) Cash and cash equivalents brought forward (3.54) (0.43) Impa
Slide 13: Net Cash Generated from Operations
NET CASH GENERATED FROM OPERATIONS CASH GENERATED FROM OPERATIONS (£M) 31 DEC 2022 31 DEC 2023 (AUDITED) (AUDITED) (Loss) for the year (0.90) (0.93) Depreciation 0.56 0.51 Amortisation 1.52 1.33 Share based payments 0.03 0.07 Other – finance, tax, profit on disposal (0.58) 0.78 Operating cash flow b
Slide 15: What We Are Looking to Achieve
WHAT WE ARE LOOKING TO ACHIEVE • Increase recurring revenue to 75% of Group revenue • Accelerate new business wins and maximise cross selling-opportunities with enhanced software capability and investment in business winning team • Operational team to focus on growing and delivering order backlog •
Slide 17: Systems Support
SYSTEMS SUPPORT - Pennant’s Auxilium IPS software suite offers a comprehensive package of tools that include: • Configuration - logistics support analysis (LSA) • Modelling & analysis - model-based product support • Documentation - technical authoring and publication Combined into a single Integrate
Slide 18: Training Solutions
TRAINING SOLUTIONS Pennant provides training solutions that develop and refine skills and confidence, aligned to global standards and regulation. They are used in a safe and controlled environment, without the risks associated with real- world scenarios. We address the market through the following s
Slide 19: Technical Services
TECHNICAL SERVICES Pennant’s dedicated service departments deliver highly professional, reliable and cost-effective services for our customers We are able to support in everything from consultancy, technical publication, training services, bespoke solutions and maintenance of our training devices •
Slide 20: Market Opportunity
MARKET OPPORTUNITY The latest defence spending figures for our regional markets: • Defence market trends: increased NATO spend; move towards Performance Based Logistics; Ukraine showing importance of sustainment. • Total Defence Spending in our markets is circa $1004.6Bn p.a. 20 Copyright 2024 © Pen
Slide 22: Copyright 2024 © Pennant International Group Plc. All other trademarks are the property of
Copyright 2024 © Pennant International Group Plc. All other trademarks are the property of their respective owners.

Pennant International Group — FY2023 Earnings Presentation on 6ix

Pennant International — FY2023 Earnings Presentation

Slide 1: Company Briefing: Final Results for Year Ended 31 December 2023

Slide 2: Disclaimer

Slide 3: Who We Are

Slide 4: What Pennant Does

Slide 5: Blue Chip Customers

Slide 6: Our Solutions in Action

Slide 7: Results

Slide 8: Headlines

Slide 9: Highlights

Slide 10: Consolidated Income Statement

Slide 11: Consolidated Balance Sheet

Slide 12: Consolidated Cash Flow

Slide 13: Net Cash Generated from Operations

Slide 14: Outlook

Slide 15: What We Are Looking to Achieve

Slide 16: Appendices

Slide 17: Systems Support

Slide 18: Training Solutions

Slide 19: Technical Services

Slide 20: Market Opportunity

Slide 21: Revenue Recognition

Slide 22: Copyright 2024 © Pennant International Group Plc. All other trademarks are the property of