Science Group Plc · LSE:SAG
Science — H1 2019 Earnings Presentation
10 slides from Science's earnings presentation, Jul 24, 2019
Slide 1: Interim Results Presentation July 2019
Interim Results Presentation July 2019 Martyn Ratcliffe Chairman Rebecca Archer Finance Director Dan Edwards Group Managing Director To be read in conjunction with the Interim Results announcement released on 24 July 2019 In addition to IFRS measures, alternative performance measures are used in thi
Slide 2: Overview
Overview • Group operating performance in line with expectations • Investment in Frontier Smart Technologies Group • Group maintains strong balance sheet • Reporting separation to increase transparency and facilitate shareholder analysis • Operating Business • Freehold Properties • Corporate Interim
Slide 3: Group Financial Summary
Group Financial Summary Group revenue of £23.6m (H1-18: £24.7m from *continuing operations; £25.1m total) • Strong organic growth in Consulting business and Sagentia Commercial sector • Medical sector saw reduction in revenues due to successful completion of major 2018 projects and Federal governmen
Slide 4: Revenue (£m)
Operating Business • Revenue of £23.1m (H1-18: £24.2m from continuing operations; £24.6m total) • Good organic growth in Consulting and Sagentia Commercial • Completion of medical projects in 2018 and US Federal shut-down impacted revenue • Flat sequentially with H2-18. H2 is traditionally stronger
Slide 5: Revenue Profile: Services
Revenue Profile: Services Applied Science & Product Development • Commercial sector reported strong recovery from previous year following management and strategy change • Medical sector weaker H1 due to major contracts completing in 2018. Characteristic profile of this sector. Science & Technology C
Slide 6: Freehold Properties
Freehold Properties Science Group owns two freehold properties • Harston Mill is owned by Sagentia Limited • Great Burgh is held in a dedicated subsidiary with leases to the Operating Business • Book value: £21.5m • Last valuation (2018): £22.6m to £33.9m Rental and associated services income from t
Slide 7: Corporate
Corporate • Corporate responsibilities include management of PLC matters together with the strategic development of the Group Corporate Operating Property Frontier Business • Corporate costs were £0.9m (H1-18: £0.8m) • The Frontier investment arises from Corporate activity • Gain on the investment n
Slide 8: Group Operating Profit
Group Operating Profit • Reported operating profit of £3.1m (H1-18: £2.5m from continuing operations; £2.7m total) • Adjusted operating profit of £3.3m (H1-18: £3.5m from continuing operations) • AOP Margin maintained at 14% 5 25% 4 20% Adjusted operating profit margin (%) Adjusted operating profit
Slide 9: Frontier Smart Technologies Group Limited
Frontier Smart Technologies Group Limited Background • Frontier is a pioneer in technologies for Digital Radio and Smart IoT Devices • The Group company was incorporated in the Cayman Islands and is therefore not within the jurisdiction of the UK City Code on Takeovers and Mergers • Frontier issued
Slide 10: www.sciencegroup.com
www.sciencegroup.com Head office Harston Mill Harston, Cambridge CB22 7GG UK Phone: +44 1223 875200 [email protected] Interim results presentation July 2019 10