Strix Group Plc · LSE:KETL
Strix — Shareholder Meeting (2024)
11 slides from Strix's shareholder meeting presentation, 2024
Slide 1: Investor Presentation 2024 AGM
Investor Presentation 2024 AGM
Slide 2: Our story
STRIX TECHNOLOGY Investor Presentation | FY2023 Final Results Our story 2
Slide 3: Strix Value Proposition
STRIX TECHNOLOGY Strix Value Proposition Quality Innovative Sustainable In a world racing to the bottom, Strix stands apart. We craft unrivalled standards of safety and quality, whilst maintaining exceptional value. Because where water meets electricity: Precision isn’t a luxury. It’s a necessity. W
Slide 4: Business Highlights
STRIX TECHNOLOGY Investor Presentation | FY2023 Final Results Business Highlights ▪ A rebasing of the core business is being undertaken in 2024 to build strong foundations for medium-term term growth opportunities as the market continues to recover. ▪ Despite the macro challenges, the fundamentals o
Slide 5: Financial highlights
STRIX TECHNOLOGY Investor Presentation | FY2023 Final Results Financial highlights Revenue (£m) Adjusted gross margin(1) (bps) Adjusted EBITDA (£m) & margin(1) (bps) 35.2% +80bps 23.1% & (270bps) 2023 144.6 2023 39.6% 2023 39.5 27.3% 2022 106.9 2022 38.8% 2022 32.1 30.0% 2021 119.4 2021 39.7% 2021 4
Slide 6: Adjusted gross margin
STRIX TECHNOLOGY Investor Presentation | FY2023 Final Results Adjusted gross margin 2023 2022 Product category Commentary Gross margin Gross margin Kettle controls: ▪ Gross margins have reduced by 190bps, largely reflecting a change in mix as Kettle Controls 39.0% 40.9% the less regulated and China
Slide 7: Capital allocation framework
STRIX TECHNOLOGY Investor Presentation | FY2023 Final Results Capital allocation framework ▪ In the near term, the Board remains focused on maximising cash generation to support debt reduction ▪ The ongoing disciplined deployment of free cash flow forms a core aspect of Strix’s aim to maximise mediu
Slide 8: 5% Equity Placing
STRIX TECHNOLOGY Investor Presentation | FY2023 Final Results 5% Equity Placing ▪ Transaction Summary ▪ 5% Equity Placing on 11 June 2024 generating £8.7m of gross proceeds ▪ 80 pence Placing Price (representing a nil discount to the previous closing price) ▪ Placing was originated by a reverse enqu
Slide 9: Key strategic business objectives
STRIX TECHNOLOGY Investor Presentation | FY2023 Final Results Key strategic business objectives “Developing leading, innovative technology in the fields of water heating, safety control systems and drinking water treatment.” ▪ Kettle Controls: ▪ Profitably grow revenue through the introduction of in
Slide 10: Outlook Statement
STRIX TECHNOLOGY Investor Presentation | FY2023 Final Results Outlook Statement ▪ The Kettle Controls market continues to show some promising signs of recovery as we move into the peak season. Whilst it is too early in the season to determine whether this uptick is due to stock refill or an ongoing
Slide 11: End of CEO Presentation
End of CEO Presentation TECHNOLOGY