Surface Transforms Plc · LSE:SCE
Surface Transforms — Shareholder Meeting (June 2023)
8 slides from Surface Transforms's shareholder meeting presentation, June 2023
Slide 1: AGM presentation
JUNE 2023 AGM presentation J U N E 2 0 2 3 W W W . S U R F A C E T R A N S F O R M S . C O M
Slide 2: Disclaimer
Disclaimer The information contained in these slides and any accompanying verbal presentation, any question and answer session and any document or material distributed at or in connection with the verbal presentation (together, the “Presentation”) have not been approved by an authorised person withi
Slide 3: Surface Transforms – trading update
Surface Transforms – trading update A leading supplier of carbon ceramic brake discs to the performance & luxury car manufacturers Sales for 6 months to 30 June 2023 approximately £3.3m (2022: £2.9m) ▪ H1 revenues represents over 80% increase in manufacturing output Manufacturing output ramping up p
Slide 4: Business development
Business development Sustainable growth with strong order book and prospective contract pipeline (PCP) * 6 OEM contracted customers OEM 5 German car manufacturer 11 contracted models OEM 6 British performance car manufacturer OEM 7 Swedish performance 3 contracted models in series car manufacturer O
Slide 5: Market conditions
Market conditions Effectively navigating challenges on global issues and local scale up risks Well Delivering positioned sustainable business business growth 1 SOP - start of production, PCP – prospective contract pipeline 5 2 This is based on the directors’ expectations and their understanding of t
Slide 6: Operations
Operations Environment Technical challenges resolved with opportunities for further improvement Brake dust pollution Major technical manufacturing difficulties not recurred ▪ Significant increase in manufacturing output comparing H1 2022 to H2 2023 Reduces CO2 emissions in use Manufacturing ramp up
Slide 7: Manufacturing Capacity
Manufacturing Capacity Supporting awarded contract growth and providing resilience Phase 1 completed providing £20m/yr capacity Expected capacity revenue ▪ Running at full capacity in second half of 2023 ▪ Delivers capacity required to support current launched model contracts ▪ Capacity constraint u
Slide 8: Summary
Summary Sustainable and recurring OEM contracts in place ▪ Demand from contracted models being supported ▪ Strong order book (£290m) and PCP (£393m) ▪ Sustainable growing revenues from contracts in 2023, 2024 & 2025 Focus is on ramp up and manufacturing capacity ▪ Manufacturing output ramping throug