Dialight plc · LSE:DIA
Dialight — Shareholder Meeting (May 2008)
15 slides from Dialight's shareholder meeting presentation, May 7, 2008
Slide 1: Dialight plc AGM 7th May 2008
Dialight plc AGM 7th May 2008 AGM 2008
Slide 2: 2007 Highlights
2007 Highlights Signals/Illumination sales up 17% Profit before tax £4.5m Operating Cash Flow £5.8m Decision to sell LED Components Business following Strategic Review Focus on high growth Signals/Illumination Business AGM 2008
Slide 3: 2008 Update
2008 Update Indication Components at run rate for H2 2007 Good order position for Meter Disconnect Strong order intake for Signals/Illumination Margins stable Sale of Indication business on track Overall trading in line with expectations AGM 2008
Slide 4: Segment Results
Segment Results Electromagnetic Components Indication Business Signals/Illumination 2007 2007 2007 £m £m £m Revenue 11.0 19.0 33.4 Contribution 2.7 10.5 10.8 Overhead costs (2.8) (5.1) (10.7) Segment results (0.1) 5.4 0.1 Contribution % 24.1% 55.3% 32.3% AGM 2008
Slide 5: Components/Indication
Components/Indication Business continues sound year on year Distributor POS growth in 2007 3% after slow start Continued strong position with key accounts Orders continue at run rate into 2008 Continued high margins and strong cash generation No change for 2008 – indications from our customers and d
Slide 6: Components – Meter Disconnects
Components – Meter Disconnects Implementation of Advanced Meter Infrastructure in USA will drive demand. Market potential for 18 million switches between 2008 and 2010 giving a market of over $200m Dialight in strong market position and starting to deliver switches in production volumes to two of th
Slide 7: Signals/Illumination
Signals/Illumination 2007 2006 22% 21% Traffic Obstruction 55% 54% 14% Illumination 15% Other 9% 10% AGM 2008
Slide 8: Signals/Illumination
Signals/Illumination Strategy for growth - pick defensible and sizeable niche markets with emerging LED value propositions Segment grew 17% in 2007 Traffic sales grew 20% Obstruction grew by 25% in North America Launched strategic white light products 2008 double digit growth continues AGM 2008
Slide 9: Signals/Illumination/Traffic
Signals/Illumination/Traffic 20% Sales Growth in 2007 Growth of European customer base First orders for UK based product Won Miami Dade contract for over 70,000 signals 2008 strong start in Europe – Miami shipping to plan AGM 2008
Slide 10: Signals/Illumination/Obstruction
Signals/Illumination/Obstruction North American Sales grew 25% in 2007 Good progress in US Wind Tower market First sales of White LED Strobe 2008 growth continues with Wind Market particularly strong AGM 2008
Slide 11: Signals/Illumination/Lighting
Signals/Illumination/Lighting Coloured Lighting Establishment of European Partnerships New products in approval for US market Range retooled for 2008 Good start to 2008 AGM 2008
Slide 12: Signals/Illumination/White Lighting “The Opportunity!”
Signals/Illumination/White Lighting “The Opportunity!” Safesite –Hazardous Location Downlight Sales of 300 in Q4 40% energy saving over conventional light Adopted for Rio Tinto mining Installed on Oil Exploration Rig Several Oil Refinery installs Bus light Shipping white fluorescent replacement ligh
Slide 13: Safesite Application
Safesite Application AGM 2008
Slide 14: Cost Reductions
Cost Reductions Inflationary price pressures particularly in metals and plastics Continued cost reduction programmes Improved costs through vendor programmes Improved costs through innovative design Margins maintained AGM 2008
Slide 15: Summary
Summary Strategy playing out Strong Signals/Illumination Sales growth through 2007 and into 2008 Return of LED Components to normal levels and continuing in 2008 First major order for Meter Disconnects -200,000 pieces with follow on from other customers Continued Engineering focus on new products Di