SDI : Final Results 2021

Final Results

for the year ended 30 April 2021

SDI GROUP PLC

Agenda

• Board of Directors
• Group Overview
• 6-YearTrack Record
• FY2020/21 Financials
• Operational Highlights & Outlook
• Appendix

SDI GROUP PLC

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Board of Directors

Ken Ford	Jon Abell	David Tilston
Chairman	Chief Financial Officer
Non-Executive Director

Mike Creedon	Isabel Napper
Chief Executive Officer	Non-Executive Director

Ken joined the Board in 2010, and became Chairman in 2012. He was previously Chief Executive of Teather & Greenwood, the investment bank, and brings over 36 years of City experience to the Company, including a strong understanding of shareholder value, strategic planning and corporate transactions. His previous roles include Aberdeen Asset Management, Morgan Grenfell and Wedd Durlacher. Ken is currently non-executive chairman of Gear4music and CMO Group plc, both of which are AIM-listed. He is a Fellow of the Chartered Securities Institute.

Mike joined the Board in 2010 as Finance Director, and was appointed CEO in 2012, maintaining also the Finance Director role until July 2018. A Chartered Certified Accountant with an MBA from Henley Management College, Mike brings to SDI considerable experience of working within quoted companies and technology businesses, and fundraising, mergers and acquisitions. In particular, he has recent experience of AIM-listed technology companies.

Previous Finance Director posts include Ninth Floor plc and Ideal Shopping Direct Limited.

Jon joined the Board in July 2018 and has over 35 years of business experience. Prior to joining SDI he was Divisional VP of Finance, Electronic Instruments Group at Ametek, Inc. where his principal duties include performance management, M&A, business controls and accounting for several scientific and industrial instrument businesses.

Jon started his career with industrial companies in the UK and in Italy, before obtaining his MBA at Columbia Business School in New York. He subsequently went on to senior financial management roles in Germany, the Netherlands, USA and UK including at Philips Electronics and Broadcom Inc.

Isabel joined the Board in February 2017 and has more than 25 years' experience in advising clients in the technology and healthcare/life science areas, both public and private sector, leading on business development and managing regulatory issues, governance risk and strategic change. Isabel was previously a Partner at the law firm Mills & Reeve where she acted as legal adviser and company secretary to a number of boards. Her extensive business development and marketing skills are invaluable to the Board. Isabel is also a non- executive director at Tristel plc and Keystone Law group plc.

David joined the Board in July 2017. He has over 30 years' experience in finance functions within public companies, and is a Fellow of the Institute of Chartered Accountants in England and Wales. Most recently, David held the role of Interim Group CFO of Northgate plc, and before that Interim Group CFO at Consort Medical plc. Previously, David held senior finance roles at Innovia Group, Mouchel Group plc, Findel plc, SABMiller plc and SThree plc. He has 9 years' experience as Audit Committee chairman at two companies. David is also Treasurer and Trustee at British Exploring Society, a youth development charity.

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Group Overview

The strength of our business model:

• Federated structure for rapid but nuanced response
• Profitable & cash-generativebusinesses able to withstand external shocks
• Diverse portfolio of companies not relying on a single sector or region
• Exposure to future-proofed sectors
• Resources to invest for organic and acquired growth as opportunities arise

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6-Year Track Record

Revenue (£m)

					35.1
				24.4
			17.4
		14.4
8.4	10.7
2016	2017	2018	2019	2020	2021

Adjusted Operating		Cash Generated from
Profit (£m)				Operations (£m)		11.7
					7.7
				4.6						5.2
			3.1					2.9	3.6
						2.5
		2.3
0.8	1.3					1.3
2016	2017	2018	2019	2020	2021	2016	2017	2018	2019	2020	2021

Strong financial growth

Metric	2016-2021 CAGR
Revenues	33%

2020-2021 growth

43%

Share Price (Pence)

200

180

160

140

Adjusted Op. Profit	57%
Op.Profit	62%
Cash gen. from Ops.	55%
Adjusted diluted EPS	30%

13 acquisitions made since 2014

• 6 combined with existing units
• 7 new stand-alone operating units

67%120

69%100

127%80

74%	60
	40
	20
	0

Apr 15

Aug 15

Dec 15

Apr 16

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Dec 16

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Dec 20

Apr 21

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