Slide 1: Final Results
Final Results For the year ended 30 April 2024
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (“Presentation”) has been prepared by SDI Group plc (“SDI”). While the information contained in the Presentation has been prepared in good faith, neither SDI nor any of its shareholders, directors, officers, agents, employees or advisers give
Slide 3: Agenda
Agenda SDI Group plc Final Results for the year ended 30 April 2024 01 02 03 Group Summary FY24 Overview Financial Results 04 05 Strategy Update Summary and Outlook SDI Group plc Final Results for the year ended 30 April 2024 3
Slide 4: Group summary
Group summary Stephen Brown SDI Group plc Final Results for the year ended 30 April 2024 4
Slide 5: The SDI Model
The SDI Model Repeatable model and strong long-term track record SDI’s growth strategy Organic - Enhancement of portfolio companies Inorganic - Identification and acquisition of complementary, niche technology businesses with established reputations in global markets Buy & Build Track Record Diversi
Slide 6: Re-segmentation of the Portfolio
Re-segmentation of the Portfolio Promoting knowledge transfer and economies of scale SDI Group plc Final Results for the year ended 30 April 2024 6
Slide 7: Strong Global Exports
Strong Global Exports Overseas Revenues Revenue by Destination of External Customer (£’000) Total Group Revenue FY23 Total Group Revenue FY24 40% Number of Employees Globally c.500 £67.6m £65.8m Number of Worldwide Locations 19 United Kingdom £35.4m United Kingdom £36.8m Europe £10.0m Europe £12.1m
Slide 8: UK & World Presence
UK & World Presence Trading in multiple Sectors and Geographies Sectors High-Tech Industrial Life Sciences Manufacturing Electrification Healthcare Precision Optics Measurement Instrumentation Plastics and Packaging Astronomy SDI Group plc Final Results for the year ended 30 April 2024 8
Slide 9: FY24 Overview
FY24 Overview SDI Group plc Final Results for the year ended 30 April 2024 9
Slide 10: Financial Delivery
Financial Delivery Revenue Organic growth** Inorganic growth Cash Generated from Operations £65.8m (0.5)% 10.7% £9.4m (FY23:£67.6m) ** Excludes Atik FY23 Acquisition/disposal (FY23:£10.9m) COVID related revenue, related revenues: £7.2m constant currency Adjusted Operating Adjusted Profit Adjusted Di
Slide 11: Operational Overview
Operational Overview Robust results despite challenging macroeconomic background Headwinds Strong second half Driving growth Unwinding of COVID-19 related Strong cash generation New strategic framework orders Successful collaboration Commercial transition from reactive to proactive • Safelab and Mon
Slide 12: New Addition to the Group
New Addition to the Group Peak Sensors acquisition November 2023 Overview Leading UK manufacturer of temperature sensors, specialising in standard and bespoke thermocouples and resistance thermometers which are used in various industries, including glass, ceramic, incinerators (including energy from
Slide 13: Financial results
Financial results Ami Sharma SDI Group plc Final Results for the year ended 30 April 2024 13
Slide 14: Income Statement
Income Statement Year Year Revenue ended 30 ended 30 Percentage change Constant currency revenues broadly flat April 24 April 23 (-0.5%) excluding FY23 £8.5m Atik camera £’000 £’000 revenues for PCR machines and Revenue 65,846 67,577 -2.6% £7.2m turnover from acquisitions/disposals Gross Profit %**
Slide 15: Revenue Bridge
Revenue Bridge SDI Group plc Final Results for the year ended 30 April 2024 15
Slide 16: Previous Structure Segment Highlights
Previous Structure Segment Highlights Sensors & Control Turnover increased to £54.9m from £46.7m, a 17.6% increase £7.2m in acquisition revenues 2% organic growth Adjusted Operating Profit* increased to £9.4m (FY23: £8.0m) Good performances at Scientific Vacuum Systems (SVS) (sputtering machine ship
Slide 17: New Structure Segment Highlights
New Structure Segment Highlights FY24 Lab Equipment Industrial and Scientific Sensors Industrial and Scientific Products • Revenues grew by 7.6% to £26.8m • Revenues grew by 1.9% to £16.1m • Revenues declined by 14.6% to £22.9m (FY23:£24.9m) (FY23:£15.8m) (FY23:£26.8m) • Organic decline of 1.6% • Pe
Slide 18: Cash Flow
Cash Flow Year Year ended 30 April ended 30 Percentage Working capital 24 April 23 change Inventories reduced by £3.3m as the Group £’000 £’000 looked to destock. Customer advances Operating cash flow before 11,387 14,843 -23.3% reduced by £2.7m (to £2.1m), with £1.4m movement in working capital rel
Slide 19: Significant Headroom for Growth
Significant Headroom for Growth Net Debt RCF As at 30 April As at 30 April • RCF extended by one year to 1/11/26 24 23 £’000 £’000 • Unused facility increased from £10.4m at Cash 1,430 2,711 year end to £11.5m at end June 2024. In addition, £5m accordion option RCF facility (14,600) (16,000) • A net
Slide 20: Net Debt Bridge
Net Debt Bridge SDI Group plc Final Results for the year ended 30 April 2024 20
Slide 21: Strategy update
Strategy update Stephen Brown SDI Group plc Final Results for the year ended 30 April 2024 21
Slide 22: Focused, Sustainable Organic Growth
Focused, Sustainable Organic Growth Structured Macro-economic financial controls drivers and governance Proactive • Favourable regulatory and Facilitate monitoring, independence support and customer requirements and autonomy knowledge transfer • Customer preference and brand reputation – providing S
Slide 23: Delivering Compounded Value - Inorganic Growth
Delivering Compounded Value - Inorganic Growth Targeting stability and strong growth potential Established presence in a scientific focused growth market Complement and Global sales footprint amplify value through with a diversified and leveraging portfolio loyal customer base ‘double bump’ Strong l
Slide 24: Strategic Review
Strategic Review A refined strategy to deliver sustainable growth This new segmentation helps advance the Group’s strategy by; • Encouraging collaboration and knowledge transfer • Enhancing growth and profitability • Improved route to market opportunities • Sharing and rebalancing of resource and ma
Slide 25: Summary and outlook
Summary and outlook SDI Group plc Final Results for the year ended 30 April 2024 25
Slide 26: Summary and Outlook
Summary and Outlook Summary Outlook • Navigated external challenges • Refocused acquisition strategy • Delivered in line with revised FY24 • Strong capital access and healthy balance guidance sheet • Refreshed management team • Long-term growth drivers • Strategic review completed • Revised FY25 gui
Slide 27: Appendices
Appendices Our Board Portfolio businesses Balance sheet Track record Capital structure SDI Group plc Final Results for the year ended 30 April 2024 27
Slide 28: Strong governance driven by our Board
Strong governance driven by our Board Ken Ford Stephen Brown Amitabh Sharma David Tilston Andrew Hosty Louise Early Chair Chief Executive Officer Chief Financial Officer Non-executive, Senior Non-executive & Chair of the Non-executive Independent Director & Chair of Remuneration Committee the Audit
Slide 29: Lab Equipment
Lab Equipment Monmouth Scientific Monmouth Scientific (Monmouth) is one of the UK’s leading designers, manufacturers, and suppliers of Clean Air Solutions. The company specialises in Filtration Fume Cupboard and Ducted Fume Cupboard installations alongside Laminar Flow and Class I/ Class II Biologic
Slide 30: Lab Equipment
Lab Equipment Synoptics Synoptics based in Cambridge is the headquarters and manufacturing site for Syngene, Synbiosis, Synoptics Health and Fistreem International products. It also has a US sale and marketing office based in Frederick USA. Sygene Syngene develops and manufactures systems and softwa
Slide 31: Industrial & Scientific Sensors
Industrial & Scientific Sensors MPB Industries MPB Industries (MPB) designs and manufactures flowmeters, flow alarms, flow indicators, flow switches, calibration cylinders and sight glasses for the measurement of liquids and gases by well-known industrial and scientific users. Based in East Peckham,
Slide 32: Industrial & Scientific Sensors
Industrial & Scientific Sensors Chell Instruments Chell Instruments specialises in the design, manufacture and calibration of pressure, vacuum, and gas flow measurement instruments. Based in Norfolk, UK the company supplies products for sectors including aerospace, vehicle aerodynamics, gas and stea
Slide 33: Industrial & Scientific Products
Industrial & Scientific Products Fraser Anti-Static Techniques Fraser Anti-Static Techniques is one of the leading global manufacturers of anti-static products which eliminate, clean, generate or measure static electricity in a variety of industries including plastics, packaging, printing, food proc
Slide 34: Industrial & Scientific Products
Industrial & Scientific Products Atik Cameras The cameras are designed and developed in Norwich, UK with manufacturing based in Lisbon, Portugal. The company has developed and sells a range of cameras under three brands Atik, Quantum Scientific Imaging and Opus Instruments. Atik Atik Cameras designs
Slide 35: Balance Sheet
Balance Sheet As at As at 30 April 24 30 April 23* £’000 £’000 Assets Non-current assets Intangible assets 42,040 41,374 Property, plant and equipment 14,707 14,688 Deferred tax asset 144 148 56,891 56,210 Current assets Inventories 10,577 13,504 Trade and other receivables 12,677 11,980 Corporation
Slide 36: Long-Term Record of Delivery
Long-Term Record of Delivery Revenues (£m) Adjusted Operating Profit* (£m) Cash Generated by Operations (£m) 12.8 14.7 12.1 67.6 65.8 11.7 9.6 10.7 49.7 9.4 7.7 35.1 4.6 5.2 24.5 3.1 3.6 17.4 2.3 2.9 14.5 '18 '19 '20 '21 '22 '23 '24 '18 '19 '20 '21 '22 '23 '24 '18 '19 '20 '21 '22 '23 '24 2018-2023 C
Slide 37: Capital Structure
Capital Structure Listing AIM:SDI Market Capitalisation ~£70m Ordinary Shares in issue 104,551,326 Options, including LTIP 1,896,443 (1.8% of issued share capital) Number of ordinary Percentage of Shareholders shares issued share capital Business Growth Fund 14,375,000 13.7% Danske Bank A/S 8,572,40