DiscoverIE : Investor Presentation

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

1. • Acquisitive
2. 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

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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.

1. Group revenue split is based on FY22 of £379.2m
   .

discoverIE Group plc

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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

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(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

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