Investor Presentation
June 2022
discoverIE is:
- A FTSE 250 international specialist electronic
engineering company
- Designing and manufacturing customised
electronic components for industrial applications
- Supplying Original Equipment Manufacturers
(OEMs)
- Focusing on sustainable growth markets -
Renewable energy, transportation, medical, industrial & connectivity
- Acquisitive
-
Underlying profit for y/e 31 Mar 21 (continuing business)
.
discoverIE is NOT:
- A distributor or reseller
- A contract manufacturer or outsourcing partner
- A supplier of standardised electronic
components - A supplier of consumer electronics or electronic
components for consumer market
discoverIE Group plc | 2 |
Our global footprint
discoverIE is an international electronic engineering firm, designing and manufacturing customised electronic components for industrial applications.
30
Manufacturing sites
20
Countries in which we operate
66
Countries in which our products are sold
4,900
Employees globally
16%
Group revenue
440
Employees
North America
We expanded our
operations and customer portfolio in North America in the past three years through several acquisitions. We have manufacturing facilities in the USA and Mexico.
60% | |
Group revenue | |
1,460 | 24% |
Employees | |
Group revenue | |
3,000 | |
Employees | |
Europe | Asia |
Europe is currently our | Asia is our fastest growing |
largest market. We have | market, driven by high |
manufacturing facilities | demands for electrical |
in the UK, The | components for |
Netherlands, Hungary, | renewable energy. We |
Slovakia and the Nordic | have manufacturing |
region, producing | facilities in China, India, |
electrical and electronic | Sri Lanka and Thailand, |
components, sensors, | serving domestic markets |
HMI devices and | as well as exports. |
microsystems. |
-
Group revenue split is based on FY22 of £379.2m
.
discoverIE Group plc | 3 |
Financial Highlights
UNDERLYING OPERATING PROFIT (1)(2)
CAGR 19% | CAGR 34% | 10.9% | ||||||||||||
10.9% | ||||||||||||||
CAGR 10% organic sales | 7.6% | 8.4% | 10.2% | 10.2% | ||||||||||
COVID year | COVID year | |||||||||||||
FY18 | FY19 | FY20 | FY21 | FY22 | FY23E | FY18 | FY19 | FY20 | FY21 | FY22 | FY23E |
UNDERLYING EPS(2) | RETURN ON CAPITAL EMPLOYED(4) | |||||||||||||
CAGR 26%(3) | 16.0% | |||||||||||||
15.4% | 14.7% | 15.0% | ||||||||||||
14.5% | ||||||||||||||
13.7% | ||||||||||||||
COVID year | COVID year | |||||||||||||
FY18 | FY19 | FY20 | FY21 | FY22 | FY23E | FY18 | FY19 | FY20 | FY21 | FY22 | Target | |||
discoverIE Group plc | (1) | Sales and underlying operating figures have been restated to exclude Custom Supply distribution business | 4 | |||||||||||
(2) | Consensus estimates at 29 April 2022 of 8 analysts. The estimates have factored in the disposals of Vertec SA and Acal Bfi | |||||||||||||
(3) CAGR calculation has excluded the Covid year to reflect underlying growth | ||||||||||||||
(4) | ROCE is defined as underlying operating profit as a percentage of net assets plus net debt, including an annualisation for acquisitions |
Magnetics & Controls
- Electronics for;
- Signal conditioning, power conversion and switching
- Monitoring & remote control, communication & interface control
- 62% of Group Revenue
- 56% of Group profit contribution
- 12.7% operating margin
- 3 acquisitions in the last 4 years
- 8 business across 17 countries with 20 manufacturing sites
ORGANIC GROWTH BY | ||||
REGION v FY21 | ||||
28% | 30% | |||
19% | 22% | |||
16% | ||||
UK | Europe | North America | Asia | Total |
Revenue Profile | £235m | |||||||
(CER) | ||||||||
£189m | £185m | |||||||
£168m | ||||||||
£147m | ||||||||
£121m | £129m | |||||||
£87m | ||||||||
£32m | ||||||||
FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
Hectronic | Myrra | Noratel | Flux | Plitron | Cursor | Hobart | Beacon | ||
Pre FY14 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 |
discoverIE Group plc | 5 |
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discoverIE Group plc published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 08:12:02 UTC.