Bodycote Plc · LSE:BOY

Bodycote — FY2004 Earnings Presentation

9 slides from Bodycote's earnings presentation, February 2005

  1. Slide 1: 2004 Preliminary Results Appendix

    2004 Preliminary Results Appendix

  2. Slide 2: Operational Locations

    Operational Locations Heat Materials Surface Electroplating IonBond TOTAL HIP Treatment Testing Engineering PVD USA 44 4 7 1 9 65 UK 15 3 23 3 1 2 47 France 29 1 1 5 36 Sweden 9 1 3 3 3 1 20 Germany 16 1 1 2 20 Canada 2 8 2 12 Netherlands 5 2 1 8 Italy 4 2 2 8 Czech Republic 6 1 7 Poland 5 5 Finland

  3. Slide 3: Analysis Of Organic/Acquisition Growth

    Analysis Of Organic/Acquisition Growth HT Materials HIP Surface Electro- PVD Head Total £m Testing £m Engineering plating £m Office £m £m £m £m £m Sales 2003 302.5 61.2 27.6 18.4 26.0 12.7 448.4 Organic 19.1 5.5 6.6 1.7 0.2 1.7 34.8 Acquisition 1.3 1.3 - - - - 2.6 Disposal (0.1) - - (0.3) (6.6) (2.2

  4. Slide 4: Acquisitions, Capital Expenditure & Depreciation

    Acquisitions, Capital Expenditure & Depreciation £ million 104 Acquisitions Capital Expenditure Depreciation 61 63 54 46 44 40 43 38 31 33 34 10 10 3 Capex/Dep 2000 2001 2002 2003 2004 1.9x 1.6x 1.3x 0.8x 0.8x 4 Appendix

  5. Slide 5: Financial Highlights

    Financial Highlights Sales Operating Profit* £m £m 479.4 457.2 440.1 448.4 87.0 371.1 80.2 49.4 52.1 41.7 2000 2001 2002 2003 2004 2000 2001 2002 2003 2004 * Pre Exceptional items and goodwill Sales Excl. Electroplating and PVD Operating Profit* £m 438.4 Excl. Electroplating and PVD 409.7 426.1 404.

  6. Slide 6: Financial Highlights

    Financial Highlights EBITDA* Group Profit Before Tax* £m 119.8 119.7 80.1 66.3 92.4 95.8 87.4 44.2 38.2 32.0 2000 2001 2002 2003 2004 2000 2001 2002 2003 2004 * Pre Exceptional items and goodwill * Pre Exceptional items and goodwill Headline Earnings Dividend Per Share* Pence 6.1 Per Share* Pence 21

  7. Slide 7: Electroplating

    Electroplating Revenue (₤ m) 40 35.5 35 30.7 • 16 of 17 plants sold/under 30 25.0 26.0 25 offer/closed 20 19.4 15 10 • £30m charge in 2003 5 0 £7.4m in H1 2004 2000 2001 2002 2003 2004 £1.9m net proceeds • Earnings enhancing Operating Profit (₤ m) 6 5.0 • Eliminates cash drain 4 2 • Focuses manageme

  8. Slide 8: PVD

    PVD Revenue (₤ m) 14 12.7 11.7 12 10.6 10.3 10 9.3 • 20% equity 8 6 4 • £53.2m proforma 04 sales 2 0 2000 2001 2002 2003 2004 • 30 locations • 12 countries Operating Profit (₤ m) 4 • R&D capabilities 3 2 1.8 1.7 1.3 • Inter linked marketing 1 1.2 0.9 0 2000 2001 2002 2003 2004 • More acquisitions 8

  9. Slide 9: Slide 9

Bodycote — FY2004 Earnings Presentation on 6ix