Spirax Group Plc. · LSE:SPX
Spirax — Spirax-Sarco Engineering — Shareholder Meeting (May 2015)
10 slides from Spirax's shareholder meeting presentation, May 11, 2015
Slide 1: Spirax-Sarco Engineering plc Annual General Meeting
Spirax-Sarco Engineering plc Annual General Meeting Nick Anderson 11th May 2015
Slide 2: Queen's Award for Enterprise in Innovation: TVA flowmeter
Queen’s Award for Enterprise in Innovation TVA flowmeter The Spirax Sarco TVA flowmeter is a revolutionary alternative to traditional steam flow measurement. The device provides: • reliable, accurate and cost-effective steam metering at low and high flow rates • quick and easy installation, across a
Slide 3: AGM statement
AGM statement For the 4 months ending 30th April Trading conditions Performance Outlook • Global economic conditions • Organic sales up 4% • Global economic conditions to remain mixed remain mixed, pick-up in • Currency headwinds largely industrial activity in second half • Watson-Marlow performed a
Slide 4: Indian joint venture exited
Indian joint venture exited March 2015 Reasons for exit: • India under-represented in Group results – sales not consolidated • Indian contribution had declined to 1% of Group profits Pune • Indian JV did not represent the full Spirax product line • Greater representation in India explored over sever
Slide 5: Spirax Sarco India Private Ltd.
Spirax Sarco India Private Ltd. • New wholly-owned company, for direct sales in India Delhi • Located in Chennai Mumbai • In excess of £11 million to be invested in India Chennai • Company to commence operations with 54 employees, including 24 sales engineers • National sales coverage; sales offices
Slide 6: Our strategy
Our strategy Objective: self-generated growth that outperforms our markets Focus: doing better what we already do well Our six-part Group strategy reflects the key elements of the Spirax Sarco steam business strategy, the Watson-Marlow Fluid Technology Group strategy and the Group acquisitions strat
Slide 7: Our strategy
Our strategy Objective: self-generated growth that outperforms our markets Focus: doing better what we already do well Our six-part Group strategy reflects the key elements of the Spirax Sarco steam business strategy, the Watson-Marlow Fluid Technology Group strategy and the Group acquisitions strat
Slide 8: Group strategy
Group strategy To deliver self-generated growth outperforming our markets 1) Increase direct sales effectiveness through sector focus 2) Develop the knowledge and skills of our expert sales and service teams 3) Broaden our global presence 4) Leverage R&D investments 5) Optimise supply chain effectiv
Slide 9: Strategy: benefits
Strategy: benefits Getting better at what we already do well The Group strategy will: • increase the effectiveness of our direct sales organisation • leverage our strengths in key sectors • capitalise on the most attractive opportunities • expand our addressable markets • align and direct resources
Slide 10: Questions?
Spirax-Sarco Engineering plc Questions? 11
Spirax-Sarco Engineering — Shareholder Meeting (May 2015) on 6ix