Strix Group Plc · LSE:KETL
Strix — Shareholder Meeting (May 2022)
24 slides from Strix's shareholder meeting presentation, May 26, 2022
Slide 1: Strix Group plc AGM
Strix Group plc AGM 26th May 2022
Slide 2: Our Story
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Our Story 2
Slide 3: Current Trading Update
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 01. Current Trading Update 3
Slide 4: Current Trading Update
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Current Trading Update Statement from Mark Bartlett, Chief Executive Officer: We confirm that based on year to date performance, our current expectations of trading conditions in the balance of the year, the resilience of our historic H2 perfor
Slide 5: Total Shareholder Return
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Total Shareholder Return Since IPO, Strix’s share price has risen by 111% 4.00 3.50 3.00 Share price (£) (rebased to Strix) 2.50 2.00 1.50 1.00 0.50 Aug-17 Dec-17 Apr-18 Aug-18 Dec-18 Mar-19 Jul-19 Nov-19 Mar-20 Jul-20 Nov-20 Mar-21 Jul-21 Nov-21
Slide 6: Financial Highlights
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 02. Financial Highlights Period ended 31 December 2021 6
Slide 7: Financial Highlights
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Financial Highlights Revenue (£m) Adjusted Gross Profit(1) (£m) Adjusted EBITDA(1) (£m) +25.3% +20.3% +6.3% 2021 119.4 2021 47.4 2021 40.5 2020 95.3 2020 39.4 2020 38.1 2019 96.9 2019 39.6 2019 36.9 Revenue increased by 25.3% partly due to the in
Slide 8: Profit and Loss Summary
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Profit and Loss Summary £m 2021 2020 % Change3 Commentary Revenue 119.4 95.3 25.3% Revenue: increased to £119.4m, 25.3% above FY2020 levels. This was partly due to the inclusion of LAICA revenues of £22.7m in FY 2021 (FY 2020: Adjusted Gross prof
Slide 9: Cash Flow
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Cash Flow Commentary Financing & Tax: £4.7m outflow (2020: £3.4m outflow) includes bank interest, and IFRS16 lease payments and tax Net working capital: £11.4m outflow (2020: £1.7m outflow) predominantly driven by an increase in inventories, and
Slide 10: Net Debt
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Net Debt Net debt Net debt / adjusted EBITDA(1) Net working capital draw from At 31 December 2021 ratio at 31 December 2021 trough to peak £51.2m 1.3x £11.3m £37.2m at 31 December 2020 1.0x at 31 December 2020 £37.2m at 31 December 2020 Cash and
Slide 11: Capital Allocation
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Capital Allocation Prudent Capital Allocation Model with 4 core priorities 01 Operating Capital Expenditure Net Capital Expenditure 02 Value Accretive Acquisitions Acquisitions Exceptional Costs Land & Factory (£m) (£m) 2021 7.1 4.7 2021 1.6 2.7
Slide 12: Strategic Highlights
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 03. Strategic Highlights 12
Slide 13: Sustainability Overview and Timeline
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Sustainability Overview and Timeline 2020 2021 2022 2023 SDG analysis KPIs and targets set Full implementation of TCFD TCFD Reporting - Scenario analysis Scope 3 and lifecycle analysis including increased supplier engagement First sustainability
Slide 14: Category Roadmaps: Kettle Control Category
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 04. Category Roadmaps Kettle Control Category 14
Slide 15: 2020 – 2025 Revenue Growth Drivers: Kettle Controls
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 2020 – 2025 Revenue Growth Drivers: Kettle Controls Kettle Controls Market Growth 1% CAGR 2022 - 2025 New Products c.75m U9 Series Controls sold to date Market Share 54% → 57% Global Value Share 56% End 2021 Commerical Initiatives 1.0% Growth 202
Slide 16: Category Roadmaps: Water Category
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 05. Category Roadmaps Water Category 17
Slide 17: 2020 – 2025 Revenue Growth Drivers: Water (Commercial & Domestic)
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 2020 – 2025 Revenue Growth Drivers: Water (Commercial & Domestic) Water (Commeriail & Domestic) Market Growth 5% CAGR 2022 - 2025 New Products New Innovative designs Leading technology Engineered for each region Global Position Recognised challen
Slide 18: Category Roadmaps: Appliances Category
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 06. Category Roadmaps Appliances Category 20
Slide 19: 2020 – 2025 Revenue Growth Drivers: Appliances
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 2020 – 2025 Revenue Growth Drivers: Appliances Appliances Market Growth 3% CAGR 2022 - 2025 Market Expansion From Local → Global Baby Care/HWoD/Sous vide/Vacuum packing Category Expansion Beverage Station Innovation leader in category Commerical
Slide 20: Investment Summary
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 07. Investment Summary 23
Slide 21: Compelling Investment Proposition
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Compelling Investment Proposition Reliable. Innovative. Sustainable. Strix has successfully delivered solid growth in adjusted profit after tax for the full year which is testament to how well the Company has dealt with the challenges of both p
Slide 22: Disclaimer
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Disclaimer This presentation has been prepared by Strix Group Plc (the “Company”) and comprises the following presentation slides (the “Slides”) for the sole use at a presentation concerning the Company. The Slides contain statements that are or
Slide 23: End of CEO / CFO Presentation
End of CEO / CFO Presentation
Slide 24: Results of proxy votes cast
STRIX TECHNOLOGY Investor Presentation | AGM May 2022 Results of proxy votes cast Results as at 25 May 2022 Resolution Resolution description Total Votes cast* Votes For % For Votes Against % Against Votes Withheld Ordinary resolutions 1 To receive and adopt the Annual report and audited financial s