Alumasc Group Plc · LSE:ALU
Alumasc — Investor Day (October 2022)
29 slides from Alumasc's investor day presentation, Oct 27, 2022
Slide 1: Building a sustainable future
Building a sustainable future 27 October 2022 Alumasc Roofing – Hydrotech – One Chamberlain Square, Birmingham
Slide 2: Order of the day
Order of the day Welcome and introductions Vijay Thakrar Noon-12.10 Alumasc: where we’ve come from, where we are now Paul Hooper 12.10-12.20 Environmental growth drivers Simon Dray 12.20-12.30 Divisional overview Building Envelope/Roofing Gilbert Jackson 12.30-12.45 Water Management Paul Hooper 12.4
Slide 3: Presentation team
Presentation team Vijay Thakrar Paul Hooper Simon Dray Chair Chief Executive Group Finance Director Angela Docherty-Greaves Michael Leaf Gilbert Jackson HR Director Executive Director and Housebuilding Executive Director and Building Envelope Alumasc Water Management Solutions Products Divisional Ma
Slide 4: Alumasc history
Alumasc history Alumasc Water Management – Skyline Fascia and Soffit
Slide 5: Alumasc: where we've come from
Alumasc: where we’ve come from 5 www.alumasc.co.uk
Slide 6: Alumasc now: focused on supply of sustainable building products
Alumasc now: focused on supply of sustainable building products Housebuilding Water Management Building Envelope Group Products 80% revenue derived from % of Group revenue environmental products 80% revenue supported by specification/regulation % of Group profit Export sales: 15% of total Private vs
Slide 7: Alumasc now: positioned for long-term outperformance
Alumasc now: positioned for long-term outperformance Demand underpinned by environmental drivers ➢ Long term market outperformance Strong brand/product portfolio, best in class customer ➢ Pricing power and margin stability service ➢ Repeat business ➢ Cash generative Stable platform ➢ Capacity to inv
Slide 8: Environmental drivers
Environmental drivers Sustainable materials Circular economy: reduce, repair, recycle Market-leading durability Decarbonising the built environment Operating energy efficiency Embodied energy efficiency Improving building resilience to climate change Rainwater management Stormwater runoff Improving
Slide 9: Divisional overview: Delivering growth
Divisional overview Delivering growth Alumasc Water Management Solutions – Aqualine Box Extruded Aluminium Gutter & Flushjoint Aluminium Downpipes – The New Clubhouse, Machrihanish Golf Course
Slide 10: Building Envelope
Building Envelope Alumasc Roofing – Centre for Disability Studies, Essex
Slide 11: Roofing: 12 years of progression
Roofing: 12 years of progression • Introduction of the Euroroof brand, one of the most recognised industry brands • Divestment of Levolux and move out of green roof installation to concentrate on design and supply only • Specification sales repositioned towards complete roof asset management with cl
Slide 12: Roofing: Our market position
Roofing: Our market position • Service differentiation between the client and the customer • Direct accounts with customer (no distribution) • No. 1 supplier to top 3 owner managed businesses • High quality experienced Specification sales staff backed by sound technical knowledge with a ‘can and wil
Slide 13: Roofing: Carbon neutral RMI – Pen y Dre School, Merthyr
Roofing: Carbon neutral RMI – Pen y Dre School, Merthyr Merthyr Borough Council Blaenau Gwent Architects and Lawray Architects Olivine mineral finish (carbon removal) 280mm PIR insulation to achieve 0.1 U-value 13
Slide 14: Water Management
Water Management Alumasc Water Management Solutions – Broomfield Primary School, Essex
Slide 15: Delivering the growth story: Water Management
Delivering the growth story: Water Management • ‘Rain to Drain’ solutions that set the standard for urban water Growth drivers management • Legislation aimed at conservation, attenuation and control of water • Promoting the efficient use, retention, recycling and disposal of water for almost 90 year
Slide 16: Water Management Growth Strategy
Water Management Growth Strategy ‘Rain to drain’ solutions • “Rain to drain” range of systems • facilitates growth in specification sales and divisional cross-selling • extends Alumasc’s end user market reach into • Food & beverage manufacture; • Pharmaceutical; & • Industrial sectors • Export marke
Slide 17: Water Management – further growth opportunities
Water Management – further growth opportunities Worldwide airport construction project pipeline – available market • Continued export growth • Wade drainage • Gatic drainage / covers • Further operational efficiencies • B2C channels including online • Skyline architectural product range 17 www.aluma
Slide 18: Housebuilding Products
Housebuilding Products Timloc Building Products – 1169 Insulated Loft Hatch
Slide 19: Timloc Building Products – everything under one roof
Timloc Building Products – everything under one roof 19 www.alumasc.co.uk
Slide 20: Timloc Building Products: our differentiated offering
Timloc Building Products: our differentiated offering Differentiated • Market leader within sector: industry leading next day service with low carriage paid order values • Forefront of sustainability within the industry: • c.95% of manufactured materials fully recyclable at end of building life • 75
Slide 21: Timloc Building Products growth strategy
Timloc Building Products growth strategy Opportunities & potential • Continued market share growth – ‘one stop shop’ • Leveraging established sales channels and customer relationships • Margin improvement / enhancement Team • Broaden product portfolio 21 www.alumasc.co.uk
Slide 22: Ease of Construction – Adapt-Air
Ease of Construction – Adapt-Air Case study: Development of 150 houses in Wombwell, South Yorkshire. The Adapt-Air also delivers a cost-saving of approximately £150 per housing plot, facilitating a cost saving of over £20,000 for this housebuilder. 22 www.alumasc.co.uk
Slide 23: Accelerating growth
Accelerating growth Alumasc Roofing – living green roof on OVO Hydro Arena, Glasgow
Slide 24: Accelerating growth: solid financial platform
Accelerating growth: solid financial platform Profitable growth Cash and facilities Sales growth Pension deficit management Driven by: IAS19 deficit reduced to £2m Attractive niche markets Repair contributions reduced to Sustainable material demand £1.2m pa from 1 October 2022 Growth in exports Medi
Slide 25: Accelerating growth: employee development/engagement
Accelerating growth: employee development/engagement Employee development/engagement important in delivering strategy • Attract and retain staff • Customer-centric business Key activities • Diversity/inclusion • Staff development • Broadening management capabilities throughout Group • Staff wellbein
Slide 26: Alumasc apprenticeship scheme
Alumasc apprenticeship scheme Niall Wilson – Fabrication & Welding Apprentice (Level 2) at Burton Latimer What attracted you to join AWMS? I have an interest in Engineering, my Grandfather worked here around 40 years ago and thought it would be a great place to do my apprenticeship. What have you en
Slide 27: Accelerating growth: M&A opportunities
Accelerating growth: M&A opportunities Accelerating our growth through acquisition Key areas of focus: Characteristics: Water Management: Consolidation/scale • Bolt-on (to c.£20m EV) Technology Market extension • Operating in Alumasc markets or close adjacents • Consistent with Group margin and cash
Slide 28: Summary
Summary Alumasc Building Products – Derbigum Black, Caltech QC and Blackdown Brownroof - Jersey
Slide 29: Summary: Key takeaways
Summary: Key takeaways Demand underpinned by environmental drivers ➢ Long term market outperformance Strong brand/product portfolio, best in class customer ➢ Pricing power and margin stability service ➢ Repeat business ➢ Cash generative Stable platform ➢ Capacity to invest ➢ Consistent high quality