Science Group Plc · LSE:SAG
Science — H1 2020 Earnings Presentation
10 slides from Science's earnings presentation, Jul 28, 2020
Slide 1: Interim Results Presentation July 2020
Interim Results Presentation July 2020 Martyn Ratcliffe Chairman Rebecca Archer Finance Director Dan Edwards Group Managing Director To be read in conjunction with the Interim Results announcement released on 28 July 2020 In addition to IFRS measures, alternative performance measures are used in thi
Slide 2: Summary
Summary Group revenue of £36.9m (H1-19: £23.6m) • Increase of 56% in total including 13% organic services revenue growth (excluding materials) • R&D Consultancy benefitted from UK project related to Covid-19 • Organic growth in R&D Consultancy and Regulatory & Compliance businesses • Frontier contri
Slide 3: Group Revenue
Group Revenue • Record revenue, benefitting from Frontier acquisition and one-off UK government project completed in H1 • Both services divisions (R&D Consultancy and Regulatory & Compliance) reported good organic growth • Group resilience due to sector, geography and service diversification 40 35 3
Slide 4: Science Group Business Structure
Science Group Business Structure H1-2020 Group Revenue Property: Third Party Science Group Income plc 2% Frontier Freehold Smart Properties Technologies 20% R&D Consultancy Services R&D Regulatory & Frontier Smart 41% Consultancy Compliance Technologies Regulatory & Compliance 27% Materials 10%
Slide 5: Group Adjusted Operating Profit
Group Adjusted Operating Profit • Record half-year adjusted operating profit of £4.9m (H1-19: £3.3m) • Increase of 50% • AOP Margin of 13.3% (H1-19: 13.9%) 6 5 Adjusted operating profit (£m) 4 Adj operating profit - exited 3 Adj operating profit - normalised 2 Adj operating profit - continuing 1 H2
Slide 6: R&D Consultancy
R&D Consultancy Overview H1 financial highlights • Science-led product development and advisory • Services revenue of £15.3m (H1-19: £13.6m) services including ISO13485 approval for design of • Total revenue of £18.8m (H1-19: £14.4m) including medical products pass-through materials related to UK me
Slide 7: Regulatory & Compliance
Regulatory & Compliance Overview H1 financial highlights • Client registration and marketing compliance of • Revenue of £10.0m (H1-19: £8.7m) regulated products internationally • Organic growth of 15% • Based Washington DC, Sacramento (CA), • Recurring revenue accounts for approx. 27% Knaresborough
Slide 8: Frontier Smart Technologies
Frontier Smart Technologies Overview H1 financial highlights • Market leader in DAB/DAB+ radio chips and • Revenue of £7.5m (H1-19: no comparator) modules with estimated 80% market share • Operating profitably despite revenue impact of (excluding automotive) Covid-19 • Acquired by Science Group in 2
Slide 9: Freehold Properties & Corporate Costs
Freehold Properties & Corporate Costs Science Group owns two freehold properties • Harston Mill (Cambridge) and Great Burgh (Epsom) • Out-of-town, low-rise facilities with substantial car-parking • Book value: £21.3m (H1-19: £21.5m) • Last formal valuation (2018): £22.6m to £33.9m • Change in owners
Slide 10: www.sciencegroup.com
www.sciencegroup.com Head office Harston Mill Harston, Cambridge CB22 7GG UK Phone: +44 1223 875200 info@sciencegroup.com