THE CAVENDISH CONFERENCE
15th May 2024
gandh.com
AGENDA
- Company Overview
- Environmental, Social & Governance
- Strategy Update
- FY2024 Financial Results
- Business Update
- Outlook & Summary
Charlie Peppiatt - CEO | Chris Jewell - CFO |
THE CAVENDISH CONFERENCE - 15th MAY 2024 | PAGE 2 |
BUSINESS OVERVIEW
2023 Revenue: £148.5M (2022: £124.8M)
Life | Aerospace | Industrial |
and | and | |
Sciences | ||
Defence | Telecom | |
22% 26% 52%
LIFE SCIENCES
- Medical imaging
- Flow cytometry
- Diagnostics
- Laser surgery
- DNA sequencing
- Aesthetic procedures
- Microscopy
- Drug delivery
AEROSPACE & DEFENSE
- Navigation
- Targeting
- Range finding
- Imaging
- RF & satellite comms
- Sights for AFVs
- Soldier protection
- Countermeasures
INDUSTRIAL & TELECOM
- Laser manufacturing
- Photolithography
- Microelectronics
- Undersea networks
- Perimeter sensing
- Wind sensing
- Laser fusion
- Machine vision
Emerging applications increasingly employ
photonics as the enabler.
Our customers require specialized, reliable and
high-performance solutions.
G&H pushes the boundaries in these key areas and provides differentiating product solutions.
We maintain close and long-lasting relationships with our customers.
THE CAVENDISH CONFERENCE - 15th MAY 2024 | PAGE 3 |
G&H KEY AREAS
Quantum photonics for | LiDAR for | Lasers for | High-capacity telecom |
Comms & sensing | wind sensing | semiconductor & machining | fibre networks |
Industrial
Imaging systems for | Armoured vehicle | Laser comms | Laser Directed |
UAVs, space & turrets | imaging systems | for UAVs & satellites | Energy Weapons |
Aerospace & Defence
Source: ESA/JAXA | Source: DSTL | ||
Confocal fluorescence | Medical lasers in | In-Vitro Diagnostics | Ophthalmic & |
microscopy | Aesthetics & dentistry | instruments | intra-coronary imaging |
Life Science
THE CAVENDISH CONFERENCE - 15th MAY 2024
BROAD PHOTONICS EXPERTISE WITH GLOBAL REACH
Acquisitive Growth
In 2023 G&H acquired:
GS Optics, Rochester NY (Polymer Optics) Artemis Optical, UK (Coating specialist)
G&H employs over 900 skilled employees across 10 manufacturing and design facilities.
RESPONSIBLE BUSINESS
Environment
- Reduction in our carbon intensity measure of 33%
- Site plans in place to reduce energy usage
- 69% of the Group's purchased electricity now from non-carbon sources
- On track to achieve target of being net zero scope 1 & 2 by 2035
- CDP (Carbon Disclosure Project) disclosure submitted. Score due Jan-24
Social
- Cost of living support to our employees
- 75th Anniversary celebrations at each site
Governance
- Sustainability sub-committee of the Board established
- Susan Searle appointed as a non-executive director
THE CAVENDISH CONFERENCE - 15th MAY 2024 | PAGE 6 |
G&H STRATEGY - SUSTAINABLE GROWTH
New strategy focused on becoming an 'innovative customer focused technology company'
making a 'better world with photonics' and the 'first choice' for all our stakeholders
OFFERING DIFFERENTIATED PERFORMANCE THROUGH 4 KEY STRATEGIC PRIORITIES:
1 | 2 | 3 | 4 | |||
Establish dynamic | Deliver exceptional | Create enhanced | Focus investment | |||
high-performance | customer | value through | to accelerate | |||
teams and a | experience and | technology and | accretive growth, | |||
purpose-led culture | superior operational | platform solutions | both organic and | |||
execution | inorganic | |||||
PEOPLE | SELF-HELP | TECHNOLOGY | INVESTMENT | |||
Achieved by following G&H's guiding values to deliver fundamental and sustainable
improvement for employees, company profitability and our planet
THE CAVENDISH CONFERENCE - 15th MAY 2024
STRATEGY PROGRESS
Path to mid-teens returns (700-800 bps accretion) over the medium term, net of investments excluding portfolio changes
People
Self-Help
Technology
Investment
- Recruitment recovery
- Sustainability agenda
- Talent acquisition and retention
- Employee engagement
- Succession planning
- Operational output
- Delivery performance
- Past due backlog
- Productivity plan
- Outsourcing progress
- USA ITL expansion
- Technology Roadmap update with 'Vital Few'
- Innovation hubs
- Rochester investment
- Acousto-opticteam
- R&D Coating Summit
- GS Optics
- Artemis Optical
- Divestment EM4
- Streamline footprint
- Cash focus
- Portfolio review
Volume | Productivity | Outsourcing | New Products | Portfolio |
c.100 bps | c.200 bps | c.150 bps | c.150 bps | c.200 bps |
THE CAVENDISH CONFERENCE - 15th MAY 2024 | PAGE 8 |
OUTSOURCING
Proactive outsourcing of products earlier in their life cycle where technological sovereignty is not a differentiator
- Dedicated leadership and resources added
- Supply of acousto-optic products expanding
- Hi-Relcouplers qualified and in production with ramp-up planned in FY2024
- Additional product selection underway
- Growth plans to >25% of Group revenue
People
Self-Help
Technology
Investment
THE CAVENDISH CONFERENCE - 15th MAY 2024 | PAGE 9 |
ACQUISITIONS
GS Optics - Total consideration up to $15.7m
- Polymer precision optics design, manufacture and coating
- Life Sciences (50%), Industrial and A&D applications
- Located in Rochester NY, a hub for photonics talent
- G&H's US Life Sciences 'centre of excellence'
Artemis Optical - Total consideration up to £8.9m
- Specialist in advanced thin film optics coating
- Customised system enabling optical filters and mirrors
- A&D (70%), Life Sciences and Industrial markets
- As part of G&H provides technology enabling systems
- Deep technical and product management know-how
People
Self-Help
Technology
Investment
THE CAVENDISH CONFERENCE - 15th MAY 2024 | PAGE 10 |
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Gooch & Housego plc published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 12:21:55 UTC.