DISCOVERIE GROUP PLC Investor
Presentation
September 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
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 company, designing and manufacturing customised
electronic components for industrial applications.
31
Manufacturing sites
20
Countries in which we operate
66
Countries in which our products are sold
5,000
Employees globally
16%
Group revenue
500
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
1,500
Employees
Europe
Europe is currently our largest market. We have manufacturing facilities in the UK, The Netherlands, Hungary, Slovakia and the Nordic region, producing electrical and electronic components, sensors, HMI devices and microsystems.
24%
Group revenue
3,000
Employees
Asia
Asia is our fastest
growing market, driven
by high demands for electrical components for renewable energy.
We have manufacturing facilities in China, India, Sri Lanka and Thailand, serving domestic markets as well as exports.
- Group revenue split is based on FY22 of £379m
.
discoverIE Group plc | 3 |
Financial Highlights
SALES (1)(2)
CAGR 19%(3)
CAGR 10% organic sales(3)
COVID year
UNDERLYING OPERATING PROFIT (1)(2)
CAGR 34%(3)
COVID year
FY18 FY19 FY20 FY21 FY22 FY23EFY18 FY19 FY20 FY21 FY22 FY23E
UNDERLYING OPERATING MARGIN(1) | UNDERLYING EPS(2) | |||||||||||
13.5% | ||||||||||||
10.2% | 10.2% | 10.9% | CAGR 26%(3) | |||||||||
7.6% | 8.4% | |||||||||||
COVID year | ||||||||||||
COVID year | ||||||||||||
FY18 | FY19 | FY20 | FY21 | FY22 | FY25 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23E | |
Target |
- Sales, underlying operating profit, and underlying operating margin have been restated to exclude the results of discontinued operations
- Consensus estimates at 12 Aug 2022 of 6 analysts
- Excluding Covid year
discoverIE Group plc | 4 |
Magnetics &
Controls division
- 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 businesses across 17 countries with 20 manufacturing sites
ORGANIC GROWTH BY
REGION v FY21 | ||
28% | 30% | |
19% | 22% | |
16% | ||
Revenue Profile (CER)
£147m
£121m | £129m |
£87m
£235m
£189m | £185m |
£168m
UK | Europe | North America | Asia | Total |
£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 | 5 |
5
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discoverIE Group plc published this content on 09 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2022 12:39:05 UTC.
