Science Group Plc · LSE:SAG
Science — Sagentia Group — FY2010 Earnings Presentation
16 slides from Science's earnings presentation, February 2011
Slide 1: Results Presentation February 2011
Results Presentation February 2011
Slide 2: Sagentia Group plc: Technology & product development company
Sagentia Group plc Technology & product development company • Outsourced R&D Market Sectors : Medical, Consumer & Industrial Core Consultancy Services • From market analysis, through product development to transfer-to-manufacture, but predominantly outsourced product development Based in Harston, ne
Slide 3: Summary of FY 2010
Summary of FY 2010 Successful operational turnaround • Best performance for at least 5 years • PBT of £2.2m substantially ahead of start-of-year expectation (2009 : Loss £3.5m) • Operating Profit of £2.5m (2009 : £0.1m), margin of 12% • EPS (diluted) of 6.9p (2009 : Loss of 13.5p) • Underlying reven
Slide 4: Summary Financial Results
Summary Financial Results FY2010 FY2009 Revenue £20.8m £23.4m Operating Profit £2.5m £0.1m Operating Margin 12.2% 0.5% Profit before Tax £2.2m (£3.5m) PBT Margin 10.3% (14.8%) Profit after Tax £2.3m (£2.9m) Excluding disposed/discontinued activities, underlying revenue growth was 22% 4 © Sagentia 20
Slide 5: Comparative Annual Performance
Comparative Annual Performance 30 4 3 25 2 20 Revenue £m Profit/Loss £m 1 Revenue 15 0 Operating ‐1 10 Profit/Loss ‐2 PBT 5 ‐3 0 ‐4 2005 2006 2007 2008 2009 2010 5 © Sagentia 2011
Slide 6: Summary Financial Performance
Summary Financial Performance 15 2.0 1.0 10 Revenue £m Profit/Loss £m Revenue 0.0 Operating Profit/Loss 5 PBT ‐1.0 2008 and 2009 include revenue from disposed/discontinued activities 0 ‐2.0 H1‐08 H2‐08 H1‐09 H2‐09 H1‐10 H2‐10 6 © Sagentia 2011
Slide 7: Revenue Breakdown
Revenue Breakdown 14 12 Discontinued/ 10 Disposed IT Services (M5N) Revenue £m 8 Property Tenants 6 Product and licence income 4 Core Consulting 2 0 H1‐09 H2‐09 H1‐10 H2‐10 7 © Sagentia 2011
Slide 8: Revenue Breakdown
Revenue Breakdown Consulting Revenue Total Revenue 2% Medical 6% Core Consulting 22% 6% Consumer Property Industrial Tenants Manage5Nines 18% Product, IP 60% 86% •Approx 75% of Consulting revenue derived from overseas markets (North America : 50%; Europe : 21%) •Top 5 customers account for c.39% of
Slide 9: Balance Sheet (extracted information)
Balance Sheet (extracted information) 31 Dec 2009 30 June 2010 31 Dec 2010 £m £m £m Cash 4.2 12.5 16.4 Bank Debt (5.5) (5.5) (7.8) Equity Investments * 1.4 1.4 1.0 Freehold Property 14.0 13.9 13.9 Shareholders Funds 12.7 21.3 22.8 * In January/February 2011, two equity investments were sold, leaving
Slide 10: Corporate Structure
Corporate Structure Sagentia Group plc Sagentia Limited Sagentia Holdings Limited Other subsidiaries Manage5Nines (IT Services) All Legacy Investments Sagentia GMBH (Non-trading) Sagentia Inc (USA) •Sensortec disposal in Jan 2011 SGAI Limited (Hong Kong) •Atranova disposal in Feb 2011 Consulting Ope
Slide 11: Other Financial Matters
Other Financial Matters Exceptional and/or One-Off Items • US office relocation broadly offset by UK rate rebate • Non-controlling investment loan (reported in Finance Income) : £285k non-cash gain • Net write-down of legacy investments : £417k loss • Fair Value gain on interest rate swap : £351k Ba
Slide 12: Sectors & Skill Groups
Sectors & Skill Groups Medical Medical Medical Consumer Industrial (Diagnostics) (Surgical) (Patient Care) Science & Technology Mechanical Design & Systems Embedded Systems Innovation & Technology Management Skill Groups are managed as a central resource to provide : •Benefits of operational scale •
Slide 13: Examples of Projects - Medical
Examples of Projects - Medical North American Surgical Device Company : Development of the customer’s next generation laparoscopic devices. (Minimally Invasive Surgery (MIS) remains an important market for device manufacturers as they respond to changing cost pressures, a constantly shifting regulat
Slide 14: Examples of Projects – Consumer & Industrial
Examples of Projects – Consumer & Industrial European Multi-National Company : Working with several divisions of this global consumer products company, Sagentia reviewed the formulation of a long-established product in order to increase market share; market analysis of devices for delivery of hair c
Slide 15: Operational & Financial Process Improvements
Operational & Financial Process Improvements • Bid Review : Every proposal now subject to management review • Fixed Price vs T&M Projects : Majority of proposals now being quoted as T&M • Credit Management : Weekly reporting of customer credit and WIP exposure • Project Tracking : Weekly reporting o
Slide 16: Contact details
www.sagentia.com [email protected] entia Ltd Sagentia Inc Sagentia SGAI Ltd pee att Mill One Broadway Unit 6-7, 13/F Harston 14th Floor Wah Wai Industrial Centre Cambridge Cambridge 38-40 Au Pui Wan Street CB22 7GG MA 02142 Fotan UK USA Hong Kong T. +44 1223 875200 T. +1 617 401 3170 T. +852 2866 87