Dialight plc · LSE:DIA
Dialight — The Roxboro Group — H1 2004 Earnings Presentation
13 slides from Dialight's earnings presentation, 2004
Slide 1: The Roxboro Group PLC Interim Results 6 Months to 30th June 2004
The Roxboro Group PLC Interim Results 6 Months to 30th June 2004 interim results 2004
Slide 2: H1 2004 key points (continuing operations)
the r oxbor o gr oup plc H1 2004 key points (continuing operations) y Sales up 7% in constant currency y Operating profits up 122% y Solartron up 21% y Dialight up x6.5 y Adjusted EPS up 69% y Dividend up 10% interim results 2004
Slide 3: Group profit and loss account
the r oxbor o gr oup plc g r oup pr ofit and loss acc ount £m 2004 2003 y Turnover 59.2 73.3 Continuing Operations 59.2 58.7 Discontinued operations - 14.6 y Operating Profit 4.4 4.8 Continuing operations 4.4 2.0 Discontinued operations - 2.8 y Interest - (0.3) y Profit before goodwill & exceptional
Slide 4: Continuing operations first half comparison
the r oxbor o gr oup plc c ontinuing op er ations first half comparison 2004 2003 % first half first half movement sales profit sales profit sales profit Dialight 28.2 2.3 27.6 0.3 2% 550% Solartron 31.0 3.3 31.1 2.8 - 21% 59.2 5.6 58.7 3.1 1% 82% Central (1.2) (1.1) - 4.4 2.0 122% Interest - (0.3)
Slide 5: Dividends and earnings per share
the r oxbor o gr oup plc dividends and earnings per share 2004 2003 y Dividends per share 3.4p 3.1p y EPS Basic 7.4p 31.6p Adjusted 9.3p 5.5p y Dividend Cover half year Adjusted for profit on disposal 2.1x 2.7x Adjusted for profit on disposal and goodwill 2.7x 3.4x interim results 2004
Slide 6: Movement in debt
the r oxbor o gr oup plc movement in debt £m 2004 2003 y Free Cash Flow 5.9 4.6 – Dividends (2.1) (3.9) – Acquisitions (0.1) (0.1) – Disposals - 53.6 – Issue of shares - 0.1 y Net Cash Inflow 3.7 54.3 – Opening Net Debt 2.0 (11.7) – Translation - (0.6) y Closing Net Cash / (Debt) 5.7 42.0 Return of
Slide 7: Solartron Group
Solartron Group y Good result - not helped by currency y Margins slightly better y Some projects slipped into H2 y Sadra and China Petroleum secured y New product introductions continue A Roxboro Group Company
Slide 8: Dialight Group
Dialight Group y Good progress in first half y Margins improving y Mexican move now producing benefits y Strong cash generation y Good opportunities in Lighting sector A Roxboro Group Company
Slide 9: Strategy
Strategy Indication Signalling Illumination A Roxboro Group Company
Slide 10: Dialight in Illumination
Dialight in Illumination y The LED is a disputive technology in lighting y More efficient than conventional light sources y Longer life than conventional light sources y Colour change is simple to achieve y White light can have different “temperatures” y Digital electronics control full spectrum ran
Slide 11: Where Dialight will participate
Where Dialight will participate A Roxboro Group Company
Slide 12: SpectraMix
SpectraMixTM y Dynamic digital colour control y Repeatable replication of full spectrum of 16.7million colours y Compensates automatically for temperature change y Allows for full distribution of LED colour and intensity y Colour fringing eliminated y Wireless, ethernet or internet control y Softwar
Slide 13: Summary
the r oxbor o gr oup plc summary y Good recovery in first half y Strong cash generation y Benefits of Mexico move showing through y Visibility in oil and gas sector much improved y OE volumes running ahead of last year y Opportunities in illumination market y Positioned for continued progress in sec