Slide 1: Results Presentation FY24 Results
Results Presentation FY24 Results May 2025 amcomrigroup.com © Amcomri
Slide 2: Disclaimer
Disclaimer The following presentation, including a hard copy of these slides, the talks The Presentation is provided for general information only and does not The Presentation does not constitute or form part of an offer or invitation to given by the presenters, the information communicated during a
Slide 3: Senior Leadership Team
Senior Leadership Team Hugh Whitcomb Siobhán Tyrrell Mark O’Neill Co-Founder & CEO CFO Investment Director Steve Jones Mark Mullen Group Industrial Director - Group Industrial Director - Embedded Engineering B2B Manufacturing 3 ©
Slide 4: Introduction
Introduction By leveraging the skills & intensive sector knowledge of its highly experienced leadership & management teams, Amcomri aims to deliver strong & sustainable financial returns through its proven "Buy, Improve, Build" model within the SME Industrial & Engineering Markets. Amcomri Core Expe
Slide 5: FY24 Highlights
FY24 Highlights £58.1m FY24 Revenue (up 23.4% on FY23) 36.4% FY24 gross margin (up from 32.2% in FY23) £7.7m FY24 Adjusted EBITDA (up 33.3% on FY23) £20.4m Net Assets as at Dec-24 (up from £9.5m as at Dec-23) 5 ©
Slide 6: The Business Model – “Buy, Improve, Build”
The Business Model – “Buy, Improve, Build” AMCOMRI TARGET Acquiring the right businesses and utilising relevant expertise enables sustainable MARKET growth through targeted improvements and synergy opportunities. I Ageing Fragmented ownership niche market population U • Break SME “plateau” Limited s
Slide 7: Operating Divisions & Key End Markets
Operating Divisions & Key End Markets End customers have defensive characteristics; embedded, critical service, regulatory driven, repeat business. The Group is commercially diversified with a well distributed risk profile in generally stable end markets. Currently the Group has 13 operating compani
Slide 8: Financial Performance
Financial Performance Strong revenue, gross margin and Adjusted EBITDA growth in FY24. Summary P&L Commentary £’m Year end 31 Dec FY21A FY22A FY23A FY24 • Revenue growth of £11.0m to £58.1m (FY23: £47.0m) was driven Revenue largely by successful acquisitions completed in FY23, which Embedded Enginee
Slide 9: EBITDA Growth Bridge – FY23A – FY24A
EBITDA Growth Bridge – FY23A – FY24A Trading EBITDA has increased over the last year by £1.9m .Growth has come both organically and from new acquisitions. Trading EBITDA and Adjusted EBITDA Bridge (£m) Commentary • Amcomri Group is focused on earnings. 2.5 0.8 7.7 • 11.3% organic earnings growth in
Slide 10: Financial Position
Financial Position Amcomri’s net assets were £20.4m as at Dec-24. Balance Sheet Commentary • The Group finished 2024 with a solid financial position, bolstered £m Year end 31 Dec FY23A FY24A by the IPO proceeds. Fixed Assets 8.2 11.4 Intangibles 17.7 17.3 • Fixed assets increase of £3.1m comprises £
Slide 11: Cash Flow
Cash Flow Significantly improved FY24 cash position, with closing cash increasing from £4.0m to £12.1m, primarily driven by the IPO and stable operating cash flows. Cashflow Statement Commentary • Operating Cash Flow of £6.9m in FY24. Summary Cash Flow (£m) FY23A FY24A Adjusted EBITDA 5.8 7.7 • Oper
Slide 12: Acquisition of EMC Elite Engineering Services
Acquisition of EMC Elite Engineering Services On the 31 March 2025, the Group completed its first acquisition since the IPO. Description • EMC is a mechanical and electrical engineering service provider to the power generation, process and aggregate industries, and more recently renewable energy sto
Slide 13: Drurys & Claro Acquisitions
Drurys & Claro Acquisitions Acquired in an accelerated process in March 2024. Description • Specialist precision engineering businesses servicing the aerospace, defence, and subsea sectors. Acquisition Rationale • High quality businesses with good reputation and strong management teams. • Attractive
Slide 14: Summary & Outlook
Summary & Outlook FY24 FY25 • Record revenue, margin and adjusted EBITDA operating results. • The Group has started FY25 well and trading in line with expectations. • 2 acquisitions in the year and a bolt on acquisition in Supreme Tapes. • Benefitting from good market positioning and a diversified s
Slide 15: Appendix
Appendix amcomrigroup.com © Amcomri
Slide 16: Acquisition History and Timeline
Acquisition History and Timeline The Group has been created through 17 successful acquisitions, comprising the acquisition of 13 operating companies and 4 bolt-on asset/business purchases. Foundation of Amcomri established, proof of proposition JA Harrison, TP Matrix and Premier Acquisitions of Kest
Slide 17: Investment Case
Investment Case • Differentiated model with proven delivery track record & clear • Continuous improvement activities ensure organic growth of future direction profit margins • Acquisition pipeline potential in undervalued, UK industrial SMEs • Group companies operate in attractive industry segments
Slide 18: Acquisition Strategy & Criteria
Acquisition Strategy & Criteria Company & Transaction Characteristics Illustrative Acquisition Market Dynamics Target business characteristics include: Amcomri Market Smaller PE & Trade • Proven business model Higher • Technical components • Demanded service or product (enabling a strong competitive
Slide 19: Post-acquisition Growth
Post-acquisition Growth Strategic Sector Growth Sector Strategic KPIs Development & Extension Significant Acquisition Projects “Bolt Ons” Drive Profitable Growth on Optimised Base Improvement KPIs Existing business To add in step change major projects or service product to add in extension Continued
Slide 20: Where We Do It – Process and Power
Where We Do It – Process and Power 20 ©
Slide 21: Where We Do It – Rail and Tram Systems
Where We Do It – Rail and Tram Systems 21 ©