Xeros Technology Group Plc · LSE:XSG
Xeros Technology — FY2021 Earnings Presentation
23 slides from Xeros Technology's earnings presentation, Jun 22, 2022
Slide 1: Annual Results 2021
ANNUAL RESULTS 2021 PAUL DENNEY, CFO KLAAS DE BOER, CHAIR DATE: DESCRIPTION: VERSION XEROS TECHNOLOGY GROUP PLC JUNE 22 ANNUAL RESULTS PRESENTATION #01 :
Slide 2: Strong Licensing Progress
STRONG LICENSING PROGRESS 01. 02. 03. XFILTER DOMESTIC LAUNDRY DENIM MAJOR LICENSED IN 2022 LAUNCHING IN 2022 BRAND TRIALS License agreement signed with IFB India to launch Xeros domestic Trials with major brands were Hanning, a leading domestic washing machine later this year. completed with the fi
Slide 3: Momentum
MOMENTUM 04. 05. 06. FINANCIAL NEW BRANDING LEADERSHIP Cash at 31st May £4.3m Strong visual identity to amplify Recruitment process underway for Average monthly cash burn of message to multiple stakeholders new CEO to lead Xeros through its £0.5m in line with plans. and increase demand for our next
Slide 4: Technologies
TECHNOLOGIES FILTRATION, CARE, FINISH Xeros is revolutionising the way we make and care for our clothes. Our textile technologies have been developed as part of our ongoing mission to innovate new solutions to reduce waste wherever possible. XEROS XEROS TECHNOLOGY TECHNOLOGY GROUP GROUP PLC PLC JUNE
Slide 5: Xeros Filtration
XF XEROS FILTRATION Even on an eco-setting, washing our clothes releases 700,000 microfibres with every wash. Those tiny fibres can have a lasting impact. They end up in our oceans, in our food chain and in our water supply. Our filtration technology, XFilter, can be integrated into a washing machin
Slide 6: Xeros Finish
XFN XEROS FINISH Making one pair of jeans can use up to 10 years’ worth of drinking water for one person. Chemicals used in the process escape with wastewater polluting our planet. Today, jeans are still made using pumice stones, which constantly need replacing and create chemically contaminated slu
Slide 7: Xeros Care
XC XEROS CARE What if we told you that you can do your laundry using less water? Using only half the energy and half the chemicals? And that the fabric would look newer, lasting half its lifetime again in your wardrobe. Our care technology uses XOrbs, reusable polymer spheres, to wash and care for c
Slide 8: A Journey To Better
XC XF XFN FILTRATION A Journey To Better Previously known as XFiltra FINISH Previously known as XTend CARE WE ARE CONSTANTLY DEVELOPING OUR TECHNOLOGY. SO FAR THESE ARE THE Previously known as XTend RESULTS FROM FILTRATION FINISH AND CARE TECHNOLOGIES. SEE XEROSTECH.COM FOR MORE ALL PERCENTAGES ARE
Slide 9: Filtration: XFilter Licensed to Hanning
FILTRATION XFILTER LICENSED TO HANNING Partnering with a leading European component supplier XFilter will be available as a licensed product, ready for incorporation by washing machine manufacturers, from our partner, Hanning Elektro-Werke, a leading component manufacturer in the industry. - 8.5m wa
Slide 10: Filtration: XFilter Performance Accreditation
FILTRATION XFILTER PERFORMANCE ACCREDITATION Captures over 99% of microplastics Independent validation from a leading German testing agency shows a more than 99% capture rate for microplastics. Agreement with leading Asian domestic washing machine OEM proceeding to plan. Expect to move to licensing
Slide 11: Finish: Denim Manufacture
FINISH DENIM MANUFACTURE Jeans manufactured for leading retail brands using Xeros technology Xeros is working on trials with denim manufacturers in Bangladesh for 3 leading global retailers (2 European & 1 UK brand). Denim produced to a sufficiently high quality that jeans have been sold to consumer
Slide 12: Finish: Denim Case Study
FINISH DENIM CASE STUDY “This technology will “At Sparrow Apparels Ltd and Crown Wears Ltd, we have a strong focus on sustainability and looking after the environment with every garment we produce. We have looked for a sustainable solution to denim production for a certainly contribute to our long t
Slide 13: Finish: Adoption and Acceleration
FINISH ADOPTION AND ACCELERATION Denim strategy and leather business evidence The key to success for Xeros’ Finishing business is widespread retail brand adoption. - Drive use of technology in the manufacturing supply chain - Provide finance for machine purchase - Market the environmental benefits t
Slide 14: Care: IFB Domestic Launch
CARE IFB DOMESTIC LAUNCH Domestic washing machine to launch in India in 2022 Xeros is working closely with IFB to continue to prepare the XC1 care technology for launch in India later this year. - First XOrb order to Xeros to be placed by IFB ahead of launch - Machine design and cycle programming co
Slide 15: Care: Commercial Laundry
CARE COMMERCIAL LAUNDRY Xeros commercial laundry machines in India & China IFB and SeaLion are now both in the market with a range of commercial washing machines IFB machines sold in India and Europe SeaLion continues to be negatively impacted by regional Covid lockdowns in China. Travel restriction
Slide 16: Financial Summary
FINANCIAL SUMMARY Revenue growth of 23.1% to £0.5m (2020: £0.4m) Adjusted EBITDA* loss reduced by 7.1% to £6.3m (2020: loss £6.8m) Net cash outflow from operations reduced by 8.3% to £5.8m (2020: £6.3m) Cash at 31st May: £4.3m with £0.5m per month burn rate EBITDA profitability and cash breakeven ex
Slide 17: Conclusions and Next Steps
CONCLUSIONS AND NEXT STEPS In the remainder of 2022, we need to build on the progress to date. - Secure new leadership and funding - Sign additional XFilter licensing agreements - Achieve successful IFB domestic launch - Agree on a denim finishing commercial model with retail brands XEROS TECHNOLOGY
Slide 18: Summary: Strong Market Progress
SUMMARY STRONG MARKET PROGRESS With the increasing adoption of our licensing model, Xeros is well placed to drive growth in future years. We now have the evidence and the voice to market our technology to brands, manufacturers, consumers and governments around the world. This evidence and the signif
Slide 19: Financial Statements
FINANCIAL STATEMENTS XEROS TECHNOLOGY GROUP PLC JUNE 22 2021 ANNUAL RESULTS PAGE 19
Slide 20: Profit and Loss
PROFIT AND LOSS Year ended 31 Year ended 31 December 2021 December 2020 £’000 £’000 REVENUE 474 385 Cost of Sales (193) (434) GROSS PROFIT 281 (49) Administrative expenses (7,225) (7,586) Adjusted EBITDA* (6,281) (6,761) Share-based payment expense (463) (653) Depreciation of tangible fixed assets (
Slide 21: Cash Flow & Financing – Operating Activities
CASH FLOW & FINANCING – OPERATING ACTIVITIES Year ended 31 Year ended 31 December 2021 December 2020 £’000 £’000 OPERATING ACTIVITIES (6,930) (7,632) Loss before tax Adjustment for non-cash items: 200 221 Depreciation of property, plant and equipment 463 653 Share-based payment (Increase)/decrease i
Slide 22: Cash Flow & Financing – Investing Activities
CASH FLOW & FINANCING – INVESTING ACTIVITIES Year ended 31 Year ended 31 December 2021 December 2020 £’000 £’000 INVESTING ACTIVITIES Finance income 17 9 Finance expense (3) (6) Cash placed on deposit (5,323) - (56) (13) Purchases of property, plant and equipment - 193 Cashflow from discontinued ope
Slide 23: Thank You
THANK YOU DATE: DESCRIPTION: VERSION XEROS TECHNOLOGY GROUP PLC JUNE 22 ANNUAL RESULTS : #01
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