Spirax Group Plc. · LSE:SPX
Spirax — Spirax-Sarco Engineering — Shareholder Meeting (May 2019)
10 slides from Spirax's shareholder meeting presentation, May 15, 2019
Slide 1: Annual General Meeting
Annual General Meeting Charlton House, Cheltenham 15th May 2019 Jamie Pike Nicholas Anderson Kevin Boyd Neil Daws Peter France Caroline Johnstone Jane Kingston Trudy Schoolenberg Kevin Thompson Clive Watson Jay Whalen Andy Robson Engineering Sustainable Growth 0 Annual General Meeting May 2019
Slide 2: 2018 Results
2018 Results Strong organic growth, plus full-year contribution from acquisitions • Sales growth 15%; organic 7% • Adjusted operating profit 2018 2017 Reported Organic⁺ growth 12% Revenue £1,153.3m £998.7m +15% +7% • Adjusted operating margin Operating profit* £264.9m £235.5m +12% +12% of 23.0%; org
Slide 3: The history of Spirax-Sarco Engineering plc
The history of Spirax-Sarco Engineering plc Celebrating the 60th anniversary of listing and over 130 years of history On 15th May 1959, Spirax-Sarco Engineering Ltd listed on the London Stock Exchange. Today marks the 60th anniversary of that listing. • In 1959, shares were offered at 13s. 4d. each
Slide 4: Revenue, Operating Profit, EPS and Dividend 1968-2018
Revenue (1968-2018) £m Adjusted Operating Profit (1968-2018) £m 1,200 300 1,000 250 800 200 600 150 400 100 200 50 £7.3m £0.9m 0 0 Adjusted Earnings Per Share (1968-2018) p Dividend Per Share (1968-2018) p 300 200 250 DPS Special Dividend 150 200 150 100 100 50 50 6.0p 0.5p 0 0 Engineering Sustainab
Slide 5: Continuing the legacy of organic growth
Continuing the legacy of organic growth Sales growth 2011-2018 32.0 Organic Acq'n/Disp Exchange Reported 28.0 24.0 20.0 Sales growth % 16.0 12.0 8.0 4.0 0.0 -4.0 -8.0 2011 2012 2013 2014 2015 2016 2017 2018 Engineering Sustainable Growth 4 Annual General Meeting May 2019
Slide 6: Organic growth supplemented by acquisitions
Organic growth supplemented by acquisitions Recent acquisitions performing well • 10% increase in sales (full-year basis) • 9% increase in sales (full-year basis) • Contributed an incremental £33 million • Contributed an incremental £81 million to sales and £4.5 million to profit to sales and £9 mil
Slide 7: Acquisition of Thermocoax
Acquisition of Thermocoax Completion 13th May Established: 1957 Purpose: Designs and manufactures highly engineered electrical thermal solutions for critical applications in high added-value industries Core technology: small diameter mineral insulated cable – single or multiple conductor wires insul
Slide 8: Thermocoax
Thermocoax Core markets Semiconductor • Consideration: €158 million (£139m) • Multiple of 12.2x EBITDA 2018 • Accretive to Group earnings in 2019 Nuclear Aeronautics • Extends capabilities of the Chromalox electrical process heating business Space • Broadens customer base in Europe • Chromalox will
Slide 9: 2018 Awards and achievements
2018 Awards and achievements FTSE 100 Spirax Sarco China Spirax-Sarco won the British Spirax-Sarco Spirax-Sarco Engineering plc Company of the Year Engineering plc Engineering plc received Insider Award. voted top of its promoted to the Media’s Company of Awarded to a company sector (Engineering FTS
Slide 10: Questions
Questions Engineering Sustainable Growth 9 Annual General Meeting May 2019
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