Surface Transforms Plc · LSE:SCE
Surface Transforms — Shareholder Meeting (July 2024)
8 slides from Surface Transforms's shareholder meeting presentation, July 2024
Slide 1: AGM 2024
Kevin Johnson, CEO Stephen Easton, COO AGM 2024
Slide 2: Disclaimer
Disclaimer The information contained in these slides and any accompanying verbal presentation, any question and answer session and any document or material distributed at or in connection with the verbal presentation (together, the “Presentation”) have not been approved by an authorised person withi
Slide 3: Presentation team
Presentation team Kevin has a doctorate in Chemistry from the University of Liverpool and an MBA from Manchester Business School. He has spent six years in Dr Kevin Johnson product development for the chemical industry and has a broad experience with OEM multinationals in the area of new technology
Slide 4: Market
MArket 1% of total auto market, valued at £2 billion/yr with adoption well underway over the last 25 years Four Changing Technology Adoption of £2 brakes automotive addressing tech well billion per car market market need underway market c. 85m cars Grey cast Carbon 1% of total auto production/yr iro
Slide 5: Strategic Status
STRATEGIC STATUS Ambition to reach £100m/yr sales in next 5 years 1 | | | Capacity PCP – revenue /yr Contracts – revenue /yr Product Integration Series production /yr OEM customers c. £50m > £75m 5 in series £20m 6 Sustained high growth Proprietary technology Premium product Contracts and pipeline m
Slide 6: Operational Status
OPERATIONAL STATUS Revenue Working capital constraints eased in June H1 2024 FY 2024 Manufacturing yield improvements taking longer £4.6m £17.5m Engineering revenue to recognise in H2 Output Establishing better consistency and resilience Q2 2024 FY 2024 Increased by 100% in last four weeks Meeting a
Slide 7: Summary
SUMMARY Market – Strong and expanding – Changing to new technology – Adoption well underway – Capacity constrained with two credible suppliers Our strategy – Unchanged, well positioned for high growth – Partnerships with existing customers – Large contracts and pipeline in place – Focused on scaling
Slide 8: Q&A
Q&A 8