Synectics Plc · LSE:SNX
Synectics — FY2024 Earnings Presentation
22 slides from Synectics's earnings presentation, 2025
Slide 1: A Leader in Advanced Security and Surveillance Solutions
A Leader in Advanced Security and Surveillance Solutions Synectics plc Final Results 2024
Slide 2: Welcome
Welcome 2 Synectics plc Final Results 2024 Agenda Amanda Larnder • Introduction to Synectics Chief Executive Officer • FY24 Highlights • Business Review: Synectic Systems • Business Review: Ocular • Financial Performance Review • Our Strategy • Core Market Sectors • FY25 Objectives and Investment •
Slide 3: Advanced Security and Surveillance Solutions
3 Synectics plc Final Results 2024 Advanced Security UK & Ireland Asia-Pacific and Surveillance Europe Critical Infrastructure • Utilities • Custodial Solutions North America Middle East • Emergency Services • Healthcare • Data Centres* Energy • Offshore Oil & Gas Our Purpose • Onshore Oil & Gas • R
Slide 4: Surveillance At the Heart of Control Rooms
4 Synectics plc Final Results 2024 Synergy Software Surveillance At the Heart of Control Rooms Synergy is a highly scalable, flexible and user-friendly integrated security and surveillance system. Over 270 active installations worldwide with 250,000 channels being managed and recorded
Slide 5: Protection in the Toughest Conditions
5 Synectics plc Final Results 2024 COEX Camera Stations TM Protection in the Toughest Conditions More than 10,000 COEX cameras delivered in the last 10 years
Slide 6: Trusted by Organisations Worldwide
6 Trusted by Organisations Worldwide Synectics plc Final Results 2024
Slide 7: FY24 Highlights
7 FY24 Highlights Synectics plc Final Results 2024 • Strong results; adjusted profit before tax materially ahead of recently upgraded market expectations*, record gross margins • Record cash balance £9.6 million (2023: £4.6 million) • Market momentum with all sectors investing in new projects and up
Slide 8: Business Review: Synectic Systems
8 Business Review Synectic Systems Synectics plc Final Results 2024 Develops and delivers its proprietary, technology-led solutions to specialist markets globally FY24 FY23 Inc/(dec) Revenue (£m) 35.9 32.0 12% Underlying gross margin 49.4% 46.4% 3 ppts Underlying operating profit (£m) 6.1 4.1 50% Un
Slide 9: Project Highlights
Project Highlights 9 Synectics plc Final Results 2024 Leisure & Hospitality Energy Major South-East Asia Securing Contracts in Gaming Resort Qatar and Brazil Upgrading and expanding Synergy Synectics has been awarded two at a major gaming resort. The significant contracts to provide customer has bee
Slide 10: Business Review: Ocular
10 Business Review Ocular Synectics plc Final Results 2024 Independent security systems integrator delivering solutions to end-users in the UK and Ireland FY24 FY23 Inc/(dec) Revenue (£m) 21.3 18.3 17% Underlying gross margin 29.2% 28.3% 0.9 ppts Underlying operating profit (£m) 1.6 1.3 22% Underlyi
Slide 11: Project Highlights
Project Highlights 11 Synectics plc Final Results 2024 Critical Infrastructure Additional Contracts for National Grid Ocular was awarded further contracts as part of a framework agreement with National Grid. The additional contracts will see Ocular deliver security improvement works across 13 new si
Slide 12: Income Statement
Income Statement 12 Synectics plc Final Results 2024 £000 underlying* FY 24 FY 23 Change • Double-digit revenue growth: 12% in Revenue 55,809 49,128 14% Synectic Systems and 17% in Ocular • Recurring revenue up 6.4% to £7.5m Gross profit 23,943 20,007 20% • Gross margin improvement of 2.2 ppts due t
Slide 13: Revenue Bridge
Revenue Bridge 13 Synectics plc Final Results 2024 Revenue by Sector Revenue Bridge by Region (£) 3.1m 55.8m 3.1m 2.1m (1.6)m 49.1m 2023 EMEA* APAC NAM Ocular 2024 FY24 Revenue (£) 16.9m 10.4m 7.1m 21.3m 55.8m Systems Ocular Total *excludes intercompany sales • EMEA: revenues up 22%, driven by oil &
Slide 14: Revenue & Order Book Profile
Revenue & Order Book Profile 14 Synectics plc Final Results 2024 • Revenue and profits in FY24 weighted to H2: reflects activity in gaming and Ocular • YOY growth in Recurring and Repeat revenues • Record order book with ~90% expected to be delivered in FY25 *All income statement figures set out in
Slide 15: Operating Profit
Operating Profit 15 Synectics plc Final Results 2024 • Movement in cost base reflects inflationary increases and new investment • Staff costs: salary increases, commissions, bonus; new investment • Overheads: inflationary increases, including utilities, establishment, professional fees; new investme
Slide 16: Net Cash
Net Cash 16 Synectics plc Final Results 2024 • Strong cash generation from operating activities • Working capital inflow from increased payables and contract liabilities • Increase in capex due to capitalised development costs and other intangible assets; capex £0.6m higher than depreciation and amo
Slide 17: Our Strategy
Our Strategy 17 Synectics plc Final Results 2024 Accelerating our growth We have a refreshed strategy committing to excellence and innovation, based around our key principles of Know More. Serve Better. Innovate Always. Underpinning this strategy are four priorities focussed on delivering ambitious
Slide 18: Our Strategy
Our Strategy 18 Existing market Regional Hubs Synectics plc Final Results 2024 Market Presence - Today Critical Infrastructure Energy Public Space Transport Leisure & Hospitality Market Presence – progress Strengthened global sales & BD resources New markets identified Establishing presence in UAE M
Slide 19: Our Strategy
Our Strategy 19 Existing market Existing market, new region Potential new market Synectics plc Final Results 2024 Market Presence - Three to Five Year Plan Critical Infrastructure $160m Energy $675m Public Space $670m Serviceable Market Serviceable $2.6bn Transport Excluding Data Centres, Market Syn
Slide 20: FY25 Objectives
20 FY25 Objectives Synectics plc Final Results 2024 Execute on growth opportunities in new and existing markets Scale global presence through new strategic partnerships and enhanced sales and marketing initiatives Development of global SaaS models to drive future recurring revenues Leverage recent p
Slide 21: Summary and Key Takeaways
21 Summary and Key Takeaways Synectics plc Final Results 2024 Good performance in FY24 with progressive dividend; progress provides a solid basis for further growth Entered 2025 with good momentum with positive performance and progress in the year to date; results in line with Board expectations and
Slide 22: Synectics plc
Synectics plc Synectics House 3-4 Broadfield Close Sheffield, South Yorkshire S8 0XN, United Kingdom t. +44 (0) 114 280 2828 e. info@synecticsplc.com www.synecticsplc.com