Tristel Plc · LSE:TSTL
Tristel — Investor Presentation (October 2023)
10 slides from Tristel's investor presentation, Oct 19, 2023
Slide 1: Share Soc Presentation
SHARE SOC PRESENTATION Paul Swinney, CEO Liz Dixon, CFO 19 October 2023 1
Slide 2: Our Company
Our Company • Global infection prevention • Focus on healthcare • Unique proposition: chlorine dioxide Achieving decontamination of medical Eliminating plastic wipes by separating the instruments by hand disinfectant from the wipe Simple, focussed, global opportunity 2
Slide 3: Our Markets
Our Markets Tristel medical device decontamination Cache sporicidal surface disinfection Diagnostic services in every Every surface in every hospital in every hospital in every country country • Ear, nose and throat Year to 30 June 2023 = £3.4m • Obstetrics and gynaecology TAM = >£4bn • Cardiology •
Slide 4: Financial Highlights FY23
Financial Highlights FY23 • 22% revenue growth from continuing products to £36m (2022: £29.6m) • Overseas revenue up 17% to £23.5m (2022: £20.1m) • Gross margin 81% (2022: 80%) • Adjusted EBITDA* margin of 25% (2022: 24%) • Adjusted pre-tax profit* of £6.2m (2022: £4.5m) • Adjusted EPS* of 10.67p (2
Slide 5: Our Global Footprint
Our Global Footprint 14 Subsidiaries 33 Countries 65% Revenues from outside UK TSTL
Slide 6: 10 Year Growth - CAGR 13%
10 Year Growth - CAGR 13% £40,000 £35,000 £30,000 Sources of £4.9m growth: £25,000 • £2.8m volume £20,000 • £1.4m pricing (4.5%) £15,000 • £0.7m currency £10,000 £5,000 £0 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Y-o-y Growth rate 28% 14% 12% 19% 10% 18% 21% -2% 0% 22% 6
Slide 7: FY23 - FY25 Internal Financial Targets
FY23 - FY25 Internal Financial Targets Growth & Profitability • Target annual revenue growth of 15% p.a. between 2022 & 2025 • Achieve an EBITDA margin of at least 25% Targets to be updated at Interims (February 2024) 7
Slide 8: Dividend
Dividend • New progressive year-on-year dividend policy. Increase in line with EPS with a minimum of 5% • Full year dividend 2023 10.5p. • Final dividend 2023 7.88p payable 22 December 2023 • Ex-dividend date 23 November 2023 12 Full year dividend: 9.55p 10.50p 10 8 6 4 2 0 FY12 FY13 FY14 FY15 FY16
Slide 9: Summary
Summary Shareholder returns • Float price (2005) of 37p • Current price 390p • Cumulative dividends since IPO 70p (£29m) Your Company • Revenue growth, profitable, no debt, progressive dividend • Simple, focused, global opportunity 9
Slide 10: Thank you any questions?
TSTL Thank you any questions? Tristel