Annual General Meeting 2021

24 November 2021

Housekeeping and agenda

Housekeeping issues

  • COVID protocols - one-way system; face coverings; sanitising
  • Fire safety / First aid
  • Mobile phones
  • Q&A session - microphones if required
  • Demonstration area

Agenda

10:00

Welcome and Business review

10:20

AGM - formal business, including question and answer session with

Renishaw Board

c.11:00

Close meeting

Business review and Trading update

Will Lee, Chief Executive

Summary

  • Revenue growth of 11% to £565.6m
    • Positive year of recovery
    • Strong growth in APAC throughout the year, improving sales in EMEA and Americas in H2
  • Adjusted profit before tax up by 146% to £119.7m
    • Fit for the Future initiative reduced our cost base and drove productivity improvements
    • Return on sales increased to 21% (2020: 10%), with 25% in H2
  • End of period cash rises to £215.0m
    • Strong trading performance and reduced capital expenditure and dividends
  • Formal sale process, which commenced in March 2021, was concluded in July with no suitable offers

Key metrics

2021

2020

Change

£m

£m

%

Revenue

565.6

510.2

11%

Adjusted profit

119.7

48.6

146%

before tax

Statutory profit

139.4

3.2

4,256%

before tax

End of period cash

215.0

120.4

and bank deposits

Regional revenue

2021

2020

Change

£m

£m

%

APAC

274.8

227.7

21%

EMEA

169.1

167.2

1%

Americas

121.7

115.3

5%

Slide 4

Transforming Tomorrow Together

We make it possible to create the products, materials and therapies that will

define our world in the decades to come and touch billions of lives

Manufacturing technologies

Analytical instruments and medical devices

(formerly Metrology)

(formerly Healthcare)

Slide 5

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Renishaw plc published this content on 14 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2021 08:48:03 UTC.