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Investor Presentaiton

STRIX TECHNOLOGY Investor Presentation | FY2021 Final Results Financial Highlights Revenue (£m) +25.3% 2021 2020 2019 95.3 96.9 Adjusted Gross Profit (1) (£m) +20.3% 119.4 2021 2020 2019 Revenue increased by 25.3% partly due to the inclusion of LAICA revenues with the remaining increase realised from organic growth as the Group continued a steady upward top-line trend in the new normal post- pandemic. Adjusted PBT (¹) (£m) +4.2% 2021 2020 2019 39.4 39.6 Adjusted EBITDA (¹) (£m) +6.3% 47.4 2021 2020 2019 In addition to the inclusion of LAICA, the increase in gross profits was also driven by increase in growth and margin in the appliance division. Net Debt (2) (£m) +37.6% 32.2 2021 30.9 2020 30.2 2019 40.5 38.1 36.9 Adjusted EBITDA stood at £40.5m, increasing by 6.3%, as result of factors including the impact of a number of headwinds which continue to persist including increases in commodity prices, freight cost inflation, supply chain and adverse foreign exchange rates. Dividends (Pence per share) +6.4% 51.2 2021 37.2 2020 26.3 2019 The resilience of the business model, flexible cost base and the inclusion of LAICA has led to the adjusted profit before tax increase of 4.2% to £32.2m. Net debt increased to £51.2m, which equates to a 1.3x trailing twelve months' EBITDA, comparing favourably to the Group's debt covenant of 2.5x and continues to underpin the Group's strong cash generation ability. 7.85 7.70 The Group reiterates its intention to implement a progressive dividend policy that is linked to underlying earnings for the full year and is confident in the continued strength of its cash generation. 1 2 Adjusted results exclude exceptional items, which include share-based payment transactions, COVID-19 related costs, and other reorganisation and strategic project costs. Adjusted results are non-GAAP metrics used by management and are not an IFRS disclosure. Net debt excludes the impact of IFRS 16 lease liabilities, pension liabilities, deferred tax liabilities and earn-out provisions on satisfaction of performance conditions and providing post-combination services. Net debt including earn-out provisions was £58.6m. 8.35 Strix TECHNOLOGY 7
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