Transense Technologies Plc · LSE:TRT
Transense Technologies — H1 FY2025 Earnings Presentation
28 slides from Transense Technologies's earnings presentation, Feb 18, 2025
Slide 1: Interim Results FY25
Interim Results FY25 Period ended 31st December 2024 18 February 2025
Slide 2: Introduction to Transense
INTRODUCTION TO TRANSENSE Nigel Rogers – Chairman
Slide 3: About Transense
OWNERSHIP FINANCIAL TRACK RECORD (£m) 5 Listed since 1991 (AIM:TRT) 4 Current market capitalisation = £27m FY21 Major shareholders: 3 FY22 Dowgate – 12.0% FY23 2 CriSeren -10.6% FY24 P Lobbenberg – 6.4% 1 Doxa Partners – 5.5% Harwood – 3.9% 0 Board (total) – 2.9% Revenue AEBITDA APBT -1 BOARD SHARE
Slide 4: What We Do
Design and supply of advanced sensor solutions for accurate Development and supply of smart, connected tyre inspection measurement of torque, force, pressure & temperature tools for fleets, tyre suppliers and service centres An enabling technology to improve control, efficiency and Carry out fast, a
Slide 5: Bridgestone iTrack royalty income
£7m collected FY21- Example income FY24 at CAGR >40% estimates of £13-16m in FY25 – FY30 at CAGR of Growth of 30% in FY24 10-18% * Fivefold increase in installations since 2020 Unit rate reduces to 60% (June 2025), then 40% (June 2027), then expires in 2030 Volume growth in FY25 H1 of 26%, with new
Slide 6: Key value drivers
Dynamic Financial global stability markets Characterised by: •Blue chip global customers Our people: •Innovative, highly engineered products Knowledge Experience •High margin repeat business Network •Meeting market demand for reliability, energy Alignment Distinct efficiency, extended life cycles an
Slide 7: Highlights
Financials •Revenue up by 36% •Investing in people to resource future growth •EBITDA unchanged, PBT slightly reduced SAWsense •Pipeline conversion to revenue well underway •Record order book in motorsport sector •Pilot production line planned for 2025 Translogik •Good growth from run rate customers
Slide 8: Interim Financial Results
INTERIM FINANCIAL RESULTS Melvyn Segal – Chief Financial Officer
Slide 9: Income Statement
Income Statement FY25 H1 FY24 H1 Change FY 24 £m £m £m Highlights: Strong revenue growth Revenues 2.46 1.81 Up 36% 4.18 across three segments Cost of Sales (0.25) (0.23) (0.52) Improving gross margins Gross profit* 2.21 1.58 Up 40% 3.66 Gross margin % 89% 96% 92% Opex increases due to Gross margin %
Slide 10: Revenue analysis
REVENUES BY DESTINATION TOTAL REVENUES H1 v H2 - £000's iTrack North America Latin America Europe RoW UK £3,000 Revenues H1 Revenues H2 £2,500 11% £2,000 6% £1,500 11% 2% £1,000 63% 7% £500 £0 FY21 FY22 FY23 FY24 FY25 10. Revenue analysis
Slide 11: Segmental Analysis
FY 25 H1 FY 24 H1 Change FY 24 Revenue £2.46m £1.80m Up 36% £4.18m Bridegstone iTrack £1.56m £1.23m Up 26% £2.61m Translogik £0.52m £0.49m Up 7% £1.12m SAW £0.38m £0.08m Up 361% £0.45m Profit Before Taxation £0.55m £0.63m Down 13% £1.31m Bridgestone iTrack £1.53m £1.21m Up 20% £2.57m Translogik £0.0
Slide 12: Cash Flow
Cash Flow statement FY25 H1 FY24 H1 FY 24 £m £m £m Highlights: Net profit after tax 0.55 0.67 1.57 Working capital investment into in-house Translogik Adjustment for non-cash items 0.26 0.12 0.10 production now complete Working capital movements (0.57) (0.11) (0.11) Operating cash flow 0.24 0.68 1.5
Slide 13: Ryan Maughan - Managing Director
Ryan Maughan - Managing Director
Slide 14: Translogik Introduction/Recap
• Reducing operating costs, downtime and emissions • Improving vehicle safety and compliance TLGX Mobile App Cloud Software RFID and TPMS Bluetooth Data 4G/5G Cellular or RF Comms Transfer WiFi Data Transfer 14. Translogik Introduction/Recap Copyright and Confidential 2025
Slide 15: Translogik Growth Plan
1. Build with existing tyre industry customers, expand sales within their global organisations 2. Expand existing and establish new partnerships with tyre and fleet management software developers 3. Develop new direct sales to service centres and fleet operators with bundled solutions 4. Build upon
Slide 16: Translogik – Progress update
Key Business Objectives Achieved: • Launched software partnership to enable bundled solution to customers • Expanded global network with 3x new distribution partners in key territories • In-house production for service, quality and cost benefits • Created long term product roadmap to create solution
Slide 17: Ryan Maughan - Managing Director
Ryan Maughan - Managing Director
Slide 18: SAWsense Introduction
• Enables measurements not possible with other sensors • Allowing improvements in performance, efficiency and safety 18. SAWsense Introduction Copyright and Confidential 2025
Slide 19: SAWsense – Market Sector Focus
Aerospace Electric Motors & Drives (EMD) Industrial Machinery (incl. Robotics) Motorsport 19. SAWsense – Market Sector Focus Copyright and Confidential 2025
Slide 20: SAWsense – Commercial Update
Aerospace Running projects with GE Aerospace on T901, HEAT and RISE - moving to scale-up and production supply. Airbus LANDone and now 3 x Confidential Tier 1 aerospace clients - development programs and supply of low volume high value prototype systems with potential for future design-in to volume
Slide 21: SAWsense – Example Shaft Torque Measurement System
Engine Output/Transmission Input Shaft C. 30mm diameter 2,000Nm, 12k rpm, max temp 150degC Torque & Temperature Sensing Element (AQP) RF Stationary Coupler 1.3mm Attached to engine / transmission RF Rotary Coupler Reader Electronics ASIC DSP 21. SAWsense – Example Shaft Torque Measurement System Cop
Slide 22: Pilot AQP Installation Line
RF Coupler Wire bond Incoming shaft Auto- AQP die bond assembly & AQP to RF preperation Calibration Rig installation Coupler 22. Pilot AQP Installation Line Copyright and Confidential 2025
Slide 23: SAWsense – Growth plan
Key Business Objectives Achieved: • Good commercial traction with blue-chip customer base in key target markets delivering strong revenue growth • Operations and Engineering team expanded to add capacity and capability • Building refurb completed ready for growth • Supply chain for key components se
Slide 24: Current trading & outlook
Current trading: •Revenue – pipeline conversion accelerating •Cost base – recruitment almost complete, focus on output •New business - wins already closed since period end Outlook: •Investing in production equipment and supply chain •Building strategic value proposition across both businesses •Confi
Slide 25: Q&A
Website: https://www.transense.com YouTube: https://www.youtube.com/@transense Contact Us: investor.relations@transense.co.uk Q&A Copyright and Confidential 2025
Slide 26: A. Financial Highlights
FY 25 H1 FY 24 H1 Change FY 24 Revenue £2.46m £1.81m Up 36% £4.19m On prior period Profit Before Taxation £0.55m £0.63m Down 13% £1.31m On prior period Earnings Per Share 3.61p 4.32p Down 16% 10.13p On prior period Cash & Equivalents £1.19m* £1.31m* Down £0.09m £1.28m Since 30 June 2024 Shares in Tr
Slide 27: B. Financial Position
Financial Position FY24 H1 FY23 H1 FY23 £m £m £m Non Current Assets 2.24 1.59 2.06 Current Assets Highlights: Cash 1.31 0.63 0.98 •Net assets per share 30p (H1 FY23: 21p) Other 1.57 1.61 1.52 2.88 2.24 2.50 •Net cash of £1.31m (30 June FY23: 0.98m) Current Liabilities 0.27 0.42 0.37 •Q2 Royalty rece
Slide 28: Disclaimer
Disclaimer The information contained in this document (“Presentation”) and the presentation made to you verbally has been prepared by Transense Technologies Plc (the “Company”). Transense Technologies Plc is a UK incorporated company quoted on AIM, a market operated by London Stock Exchange plc. Thi
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