Chesterfield Special Cylinders Holdings Plc · LSE:CSC
Chesterfield Special Cylinders — Pressure Technologies — Shareholder Meeting (February 2015)
21 slides from Chesterfield Special Cylinders's shareholder meeting presentation, Feb 12, 2015
Slide 1: AGM Presentation
AGM Presentation 12 February 2015 Presented by Alan Wilson, Chairman, and John Hayward, Chief Executive Officer
Slide 2: Agenda
Agenda Formalities Pressure Technologies plc – 10 year history Group structure Oil and gas market conditions Group overview Lunch Factory tours – Chesterfield Special Cylinders and Roota 2
Slide 3: Formalities
Formalities “If Technologies AL Pressure
Slide 4: Resolutions
Resolutions Resolution 1: To receive and adopt the accounts Resolution 6: To reappoint Grant Thornton UK together with the reports of the directors and LLP as auditors of the Company and to authorise auditors for the period ended 27 September the directors to fix their remuneration. 2014. Resolution
Slide 5: 10 year history and Group structure
10 year history and Group structure 5
Slide 6: 10 year history
10 year history 10 years of progress Management buy Floated on the Acquisition of Kelley GTM Acquisition of out of the Special AIM market Al-Met & Hydratron strategic Greenlane Products Division to form the investment Biogas and of Chesterfield Engineered Quadscot Cylinders Products Division 2004 20
Slide 7: New divisional structure for 2015
New divisional structure for 2015 Pressure Technologies plc Precision Machined Engineered Products Cylinders Alternative Energy Components MD: 2015 MD: Findlay Beveridge MD: Mick Pinder Operational Board FD: Kathy Van Hee FD: John Melia FD: Paul Stanger FD: John Caldwell Subsidiary MDs 7
Slide 8: Oil and gas market conditions
Oil and gas market conditions 8
Slide 9: Oil price slump history
Oil price slump history 13 slumps in last 26 years Pace & magnitude of current slide is one of the biggest since 1988 Slump classified as lower price than six months before and after Time to recover 75% of pre-slump prices took as long, or longer than the fall 9
Slide 10: International Energy Agency
International Energy Agency The clear distribution of roles between This slump is unusual because it is supply & OPEC and non-OPEC countries that demand-driven, with record non-OPEC governed the oil market for the last 30 supply growth in 2014 and unexpectedly years has been suspended weak demand gr
Slide 11: International Energy Agency forecast
International Energy Agency forecast Oil prices are likely to average $55/bbl in 2015 and remain well below $100/bbl for the foreseeable future Brent climbing to $60/bbl in 2015, before inching up to $73/bbl by 2020 Oil inventories held by OECD may be near an all-time high of 2.83mbbls by mid-2015 T
Slide 12: Group overview
Group overview AL Pressure . “Jf Technologies 2
Slide 13: Precision Machined Components
Precision Machined Components Good start to the financial year with sales in line with management expectations Demand for wear parts at Al-Met remains strong Changes to ordering patterns forecast by customers at Roota and Quadscot and second-half of the financial year likely to be affected Demands f
Slide 14: Engineered Products
Engineered Products Project execution delays impacting first-half results in the UK US operation experiencing slow conversion of order pipeline as customers delay decisions on capital spend Pricing pressures similar to Precision Machined Components Division and managed in the same way Prospects rema
Slide 15: Cylinders
Cylinders Chesterfield Special Cylinders Performing in line with expectations for 2015 due to long order to delivery lead time but little visibility for the 2016 deepwater oil and gas market Sales of services into the defence and oil and gas markets continue to strengthen New forge entered productio
Slide 16: Alternative Energy
Alternative Energy Key senior management from PT Biogas Holdings Holding Company Greenlane retained Ltd 100% subsidiary of Pressure Technologies Sheffield, UK plc Divisional FD appointed Intellectual Property Management of R&D PT Biogas Operational Board of FD, and Technology Ltd subsidiary MDs esta
Slide 17: Alternative Energy
Alternative Energy Greenlane, the Group’s technology provider for biogas upgrading purchased in October 2014 Integration of Greenlane into the Group is proceeding well and Chesterfield BioGas will be rebranded as Greenlane during 2015 Some slippage on timing of projects from end of 2015 financial ye
Slide 18: Outlook
Outlook Underlying prospects for the Group remain very positive Low oil price is having an adverse impact on order intake from the oil and gas market Market conditions mask the Group’s strengths in product and service quality and strong customer relationships Strong prospects for the Alternative Ene
Slide 19: Questions?
Questions? AL Pressure . “Jf Technologies 19
Slide 20: Lunch followed by factory tours
Lunch followed by factory tours 20
Slide 21: Disclaimer
Disclaimer This presentation has been prepared by Pressure Technologies plc (the “Company“ or “Pressure Technology”) solely in connection with providing information on the Company and to certain institutional and professional investors in the United Kingdom. This presentation does not constitute or
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