Gooch & Housego Plc · LSE:GHH
Gooch & Housego — Corporate Update (January 2023)
31 slides from Gooch & Housego's corporate update, Jan 24, 2023
Slide 1: Investec Site Visit G&H Ilminster
Investec Site Visit G&H Ilminster 24th January 2023 November 2020
Slide 2: Site Visit Agenda
Site Visit Agenda Arrival and 10:30 Display Room refreshments Introductions and 10:40 Charlie Peppiatt & Chris Jewell Group Presentation Ilminster Site 11:00 PO/Systems Nick Matthews Presentation Ilminster Factory/Offices Two Groups 11:30 Site Tour • Group 1 – Nick Matthews & Jonathan Ironside-Smith
Slide 3: Global Reach and Expertise
Global Reach and Expertise Our excellence in engineering and manufacturing is based on the following core technologies: • Acousto-optics • Electro-optics • Fiber optics Ashford • Precision optics and systems St Asaph OSIH MD Keene In addition: Cleveland PO Torquay FO Paris +S • Medical device manufa
Slide 4: 2022 Results Overview
2022 Results Overview • Record order book of £147.7m up 51% reflecting strong end market demand (FY2021: £97.8m) • Revenue of £124.8m unchanged on prior year (FY2021: £124.1m) • Growth in both Industrial and Life Sciences offset by decline in Aerospace and Defence • Adjusted profit before tax declin
Slide 5: Revenue by Sector
Revenue by Sector 2022 Total Revenue: £124.8M We serve and provide value for three markets: • Aerospace and Defense • Industrial and Telecom • Life Sciences Industrial : and Telecom Aerospace £64.6m and 51% Defense Life £30.6m 22.1 Sciences 25% Percentage 44.8 of revenue by Revenue £29.7m market fig
Slide 6: Photonics – The Future
Photonics – The Future • Photonics is the study and design of systems that depend on the transmission, modulation or amplification of light (streams of photons) • Photonics is transforming manufacturing, aerospace, communications and medicine • Optics and electronics are becoming inextricably linked
Slide 7: G&H Focus Areas by Market
G&H Focus Areas by Market Quantum Photonics for LiDAR for Semiconductor & High-capacity Telecom Comms & Sensing Wind Sensing Microelectronics Fibre Networks Industrial Imaging Systems for Armoured Vehicle Laser Comms Laser Directed UAVs, Space & Turrets Imaging Systems for UAVs & Satellites Energy W
Slide 8: Summary and Outlook
Summary and Outlook • Well positioned for growth with record order book and robust pipeline • Positive progress addressing operational output challenges • Manufacturing partner producing at volume and additional products being qualified • Supply chain constraints and input cost inflation pressures p
Slide 9: Ilminster Site Presentation
Ilminster Site Presentation 24th January 2023
Slide 10: History G&H Ilminster (ILM)
History G&H Ilminster (ILM) • Archie Gooch and Les Housego founded Gooch & Housego in 1948, in the centre of Ilminster specialising in manufacture of Precision Optics • Started work on Acousto Optic products in 1982 • Due to expansion & development moved to Dowlish Ford March 2008 • G&H Glenrothes i
Slide 11: ILM Manufacturing Capabilities
ILM Manufacturing Capabilities CNC Lens Manufacture • Including generating, polishing and edging Single Point Diamond Turning and MRF (Magnetic finishing) • 0.3 Micron Capability AR (visible) & IR Coating & Environmental Testing • Lower Wavelength 244 nano-meters - Higher Wavelength 14000 nano-meter
Slide 12: ILM Continuous Improvement
ILM Continuous Improvement Site Manufacturing Leadership • Safety and Quality processes • Visual Management, Standard Work and Daily Accountability • Leading to Manufacturing excellence through Continuous Improvement • High & Low Volume Manufacturing Site Manufacturing Engineering • Working on Proce
Slide 13: Advanced Precision Optics and Sighting Systems for A&D
Advanced Precision Optics and Sighting Systems for A&D Peter Williams Head of Systems & Optics UK Product Line Director January 24th 2023
Slide 14: Our Precision Optics Capabilities and target markets
Our Precision Optics Capabilities and target markets Differentiator Broad spectrum of material expertise coupled with state-of-the-art equipment and added-value specialized manufacturing processes Unique differentiator Build on high-growth opportunities • Glass & Crystal Components • Aerospace & Def
Slide 15: From design to manufacture… all in-house
Moving up the value chain with Design-For-Manufacture To extend the current capability in producing Electro-Opto- Mechanical precision optical components G&H have Design established the process of mounting optics and integrated sub-assembly and test. This higher level processing covers ultraviolet,
Slide 16: The Innovation Hub – R&D
The Innovation Hub – R&D In order enable our growth strategy, we created the G&H Key expertise in developing opto-mechanical and opto- Innovation Hub and invested in building a multi- electronic systems capable of withstanding harsh disciplinary team of engineers with a broad range of environments a
Slide 17: Optical Systems Design and Integration for A&D
Optical Systems Design and Integration for A&D Feasibility / Proof of Concept / Prototypes Early engagement with customers and product development Explain physical & technical advantages and limitations Analyse cost drivers ensuring commercial success Offer flexibility to shop best solution for OEM
Slide 18: Electronic Periscopes for Armoured Fighting Vehicles
Electronic Periscopes for Armoured Fighting Vehicles Increase situational awareness in the battlefield Developing our new range of sighting systems with infrared overlays and added functionality INVESTEC SITE VISIT TO ILMINSTER – 24th JANUARY 2023 PAGE 18 Patented & Patent Pending
Slide 19: Photonics sensing and semiconductor manufacturing
Photonics sensing and semiconductor manufacturing Toby Reid Head of Fibre Optics Product Line Director 24th January 2023 November 2020
Slide 20: Fiber Optics – backbone of the internet
Fiber Optics – backbone of the internet Optical fibre is a flexible and transparent medium for transporting light Light can carry information • Internet data travels thousands of kilometres between continents along optical fibre cables on the ocean floor • Optical fibres are also used as long, conti
Slide 21: Fibre-Optic Component Technology
Fibre-Optic Component Technology Guide light Create & Detect light Modulate Light Fused Fibre Couplers Lasers & Photodiodes with micro-optics Active photonic devices Transfer light between fibres Convert electrons to photons & back Control light path & divert/switch Construct optical networks and ci
Slide 22: Acousto-Optics (AO) – at the heart of industrial lasers
Acousto-Optics (AO) – at the heart of industrial lasers Absorber Acousto-Optic devices are made using Precision Optics technology with a piezoelectric transducer bonded to the glass material. This transducer creates an acoustic wave within the glass and controls a beam of light: • Direction • Wavele
Slide 23: Diverse applications enabled
G&H vertical integration From material growth to system integration Diverse applications enabled Crystal cutting, grinding & polishing Fibre coupling System integration Crystal Growth & Transducer bonding 2015 PUBLIC SLIDE 23
Slide 24: Key growth areas
Key growth areas Biomedical imaging Advanced Lithography Quantum Photonics PUBLIC SLIDE 24
Slide 25: Engineering Quantum Photonics solutions
Engineering Quantum Photonics solutions Peter Kean, PhD Director R&D, Fiber-Optics 24th January 2023 November 2020
Slide 26: Cross-cutting into all market sectors
What is Quantum Technology? Quantum Systems • Involve manipulating and measuring sub-atomic particles, atoms or photons Cross-cutting into all market sectors • Utilise non-intuitive ‘quantum’ properties such as entanglement, superposition and wave-nature Applications and Markets • Quantum Computing
Slide 27: Quantum Photonics and its cross-section to G&H
Quantum Photonics and its cross-section to G&H G&H RF Driver G&H Collimators The Cold Atom Trap – the key to unlock atom manipulation G&H low-noise G&H low noise G&H frequency G&H High-power G&H Laser Amplifier Converter Amplifier Fibre-Q G&H Collimators PUBLIC SLIDE 27
Slide 28: Today’s Quantum Systems
Today’s Quantum Systems Current Quantum computers and Quantum-based sensors are large, complex instruments* Quantum Gravimeter by University of Colossus 1 Birmingham using G&H ultra-stable laser source Bletchley Park 2021 1943 G&H mission is to dramatically improve performance of key components requ
Slide 29: Key Photonics Technologies required
Key Photonics Technologies required Rugged, compact cold atom traps Phase locked Optical frequency shifter arrays (operating at room temperature!) laser modules Optical frequency doublers Ultra-high extinction ratio modulators Ultra-stable laser sources PUBLIC SLIDE 29
Slide 30: Technology roadmap
Technology roadmap Concept of QT module G&H prototype Laser source G&H Stable Laser module 2nd generation chip-scale & mass New deployment technology & early adoption Silicon-based Photonic Integrated Circuits Demo phase with existing capabilities G&H micro-optics module PUBLIC SLIDE 30
Slide 31: How can our expertise enable your success?
SUMMARY How can our expertise enable your success? gandh.com PUBLIC SLIDE 31