Pipehawk Plc · LSE:PIP
Pipehawk — Shareholder Meeting (December 2022)
21 slides from Pipehawk's shareholder meeting presentation, Dec 22, 2022
Slide 1: QM Systems & Thomson Engineering Design AGM 22nd December 2022
QM Systems & Thomson Engineering Design AGM 22nd December 2022
Slide 2: Agenda
Agenda: • QM Systems • Reflection 2021/22 FY • Continued Effects of Covid Pandemic • New Facilities • Objectives 2022/23 FY • Projects • Contract Manufacture • Thomson Engineering Design (TED) • Reflection on 2021/22 FY • New Facilities • Objectives for 2022/23 FY • Value Streams • Contract Manufact
Slide 3: Innovation in Automation
Innovation in Automation
Slide 4: QM Systems Reflection on 2021/22 FY
QM Systems Reflection on 2021/22 FY • A challenging year • More severely impacted by Covid-19 than previous FY combined with Russian invasion of Ukraine • Delays to project awards • Materials shortages causing delay to project deliveries • Final result does not reflect true progress • Rebalancing pr
Slide 5: QM Systems Continued Impact of Covid-19 Pandemic
QM Systems Continued Impact of Covid-19 Pandemic • Covid-19 is still with us • Stigma attached to Covid-19 • Significant increase in other illnesses (lack of immunity or immunity waning) • Understandably some trepidation remains with colleagues • Covid-19 effect is reducing • Most colleagues have re
Slide 6: Welcome to the new and Improved QM!
QM Systems Welcome to the new and Improved QM ! • New facility with c 45,000sqft of manufacturing and office space • Office space trebled compared to previous facility • Manufacturing space increased 5 fold • Investment of c£750k into our future • Located on Worcestershire’s largest Industrial estat
Slide 7: Images of the facility
QM Systems Images of the facility
Slide 8: QM Systems Projects Objectives 2022/23 FY
QM Systems Projects Objectives 2022/23 FY • Projects • Progress • 1st Semester will continue to be held back as new project work becomes established • 2nd Semester should see operations normalise as all departments become fully loaded • Recruitment • Head count increase of 5 within Mechanical Design
Slide 9: QMS Contract Manufacturing and NPI Objectives 2022/23 FY
QMS Contract Manufacturing and NPI Objectives 2022/23 FY • Contract Manufacturing • Establish the business units • Marine Diesel Outboard Motor (SOP est June 2023) • Ventive Home Intelligent Heat Pump (SOP est Q4 2023) • Medical Vial Filling and Capping Business Unit (SOP est May 2023) • QM have bee
Slide 10: Diesel Marine Outboard Motor
QMS Contract Manufacturing and NPI Diesel Marine Outboard Motor The manufacturing cell is ready to go, SOP Q3 2023 CY Trial builds commence in January 2023 and continue through to June 2023 Engine test cell to be installed Q1 2023, every engine produced will undergo ‘hot test’
Slide 11: Ventive Home System
QMS Contract Manufacturing and NPI Ventive Home System • Intelligent whole house ventilation, heating, cooling and hot water for domestic homes • SOP Q4 2023 CY • Pre production units May 2023 • Production line, test systems and MES all designed and manufactured by QM Systems project team • Facility
Slide 12: Medical Vial Filling
QMS Contract Manufacturing and NPI Medical Vial Filling • Vial filling application for a medical devices project aligned to small platform PCR testing • SOP low volume May 2023, volume expected to increase to higher volumes from end 2023 onwards • QM Systems will provide a Clean Room within the curr
Slide 13: Thomson Engineering Design
SYSTEMS THOMSON ENGINEERING DESIGN part of QM}RAIL SYSTEMS
Slide 14: Thomson Engineering Design Reflection on 2021/22 FY
Thomson Engineering Design Reflection on 2021/22 FY • A progressive year • Increased revenue o Revenue up by c£0.2M to c£1.4M o Small loss, break even after tax o Caused by raw material increases skewing cost model o Cost model modified, core products re-costed • New facilities functional o Trebling
Slide 15: Thomson Engineering Design new facility
Thomson Engineering Design New facility new fully functional: • C 19,000 Sq ft facility • Approx 3500 Sq Ft office split across two units • Final assembly and machining teams now relocated • Fabrication team will relocate in Qtr 1 2023
Slide 16: Contract Manufacturing Objectives 2022/23 FY
Thomson Engineering Design Objectives 2022/23 FY • Increase our ‘value streams’ from two to four Contract Manufacturing Bespoke Rail Plant Rail Plant Export Rail Plant UK Increase added value utilising existing skills
Slide 17: Rail Plant Export
Thomson Engineering Design Rail Plant Export • Contract in place with Unipart Rail for Global Export Supply of TED Rail Equipment • Access to the distribution network of a £200 Million turnover company (part of a c£1Bn turnover Group) • Sales and technical presence globally • Established rail brand
Slide 18: Contract Manufacturing
Thomson Engineering Design Contract Manufacturing • Develop business partnership with key rail sector equipment provider in the UK • Mule conversions, trailers, Toyota Hilux conversions. • Once established potential of upwards of 10 kits each per month • Kit prices between £10k and £20k dependent on
Slide 19: Larger Scale Project Developments 2022/23: Ballast Broom
Thomson Engineering Design Larger Scale Project Developments 2022/23 Ballast Broom • Reduce risk of respirable stone particles which can cause lung cancer • Particles become airborne when moving and handling ballast • Existing systems suffer high levels of wear • due to overloading caused by the mac
Slide 20: Larger Scale Project Developments 2022/23: Track Panel Handler
Thomson Engineering Design Larger Scale Project Developments 2022/23 Track Panel Handler • Existing machines gantry-based • Wider than track panel being handled • Incompatible with obstructions like parapets, platforms, narrow spaces • Incompatible with tunnels • Innovation • Carries load above cate
Slide 21: Thanks for your time
QM| SYSTEMS a Thanks for your time