Dialight — H1 2023 Earnings Presentation

5 slides from Dialight's earnings presentation, September 2023

Slide 1: Interim Results 2023
INTERIM RESULTS 2023 SEPTEMBER 2023
Slide 2: H1 Highlights
H1 HIGHLIGHTS CHALLENGING MARKET BACKDROP THROUGH H1 2023 RESULTING IN REVENUE REDUCTION OF 13% (9% AT REPORTED CURRENCY) • Lighting revenue down 7% at constant currency • Subdued demand for large capex projects • Continued market share gains in MRO and further progress in strategic account penetrat
Slide 3: Income Statement
I N C O M E S TAT E M E N T Constant Actual currency • Revenue down 9% at reported currency H1 2023 H1 2022 H1 2022 £m £m £m • Continuing headwinds from component cost inflation, Revenue 73.2 80.8 84.5 including higher cost inventory purchased to mitigate availability issues Cost of sales (51.5) (52
Slide 4: Net Debt
NET DEBT Operational cash flows £m • Underlying EBITDA lower, reflecting weaker trading • Inventory reduction initiative delivered £2.2m cash Net debt at 1 January 2023 (20.9) benefit • Reduction in trade payables following payment of Inflows materials purchased in Q4 2022, offset by improved Underl
Slide 5: Outlook
OUTLOOK Very challenging first half, driven by demand backdrop Action take to reduce costs and inventory which will have an increasing benefit in H2 Continue to expect stronger H2 performance: • Q4 expected to be the Group’s strongest period, in line with seasonal profile • Lighting orderbook has gr