Investor Presentaiton
STRIX TECHNOLOGY
Investor Presentation | FY2021 Final Results
Gross Margin Analysis
☐
Margin in Kettle Controls has reduced through the year given the headwinds but it remains a strong and highly profitable
business line, providing cash flow security for the Group and ensuring dividend sustainability
1 Kettle Controls
-1.8%
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Margin growth driven by regulated market sales growth and price increases
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Margin offset by increases in commodity prices and a reduction in the less regulated market segment
2
Water category
-0.2%
3
Appliances
4
Operations
5
Currency effects
1.4%
0.0%
Impact of consolidating LAICA into Strix's financial statements has already been significantly reduced as a result of strong
revenue growth and integration
Some headwinds have remained for Water ex LAICA but these headwinds further enhance the strategy to bring the Water
sourcing in-house to be more vertically integrated, helping to secure profit and ensure the security of the supply chain
Increase in Appliances driven by strong sales growth at an increasing margin
Growth realised from new products launched in this category and selling well on Amazon, with more sales expected in FY 2022
in anticipation of increased demand and further planned new product listings
Margin increases from automation and insourcing and a continued focus on cost control
Direct labour wages have increased as the Group continued to scale its headcount in line with management expectations and
medium-term targets
Continuous automation on NPD is a key to reduce wage pressure in the longer term
-1.0%
Weakening of foreign currencies against Pound Sterling which decreased the Pound value revenues of products priced in forex.
This was offset partially by FX gains on costs in forex. The group has entered into forward exchange contracts in FY 2022 to
protect against adverse exchange rate movements
Total change in adjusted
6
-1.6%
margin
Strix
TECHNOLOGY
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