At the forefront of touch technology
ZYTRONIC PLC
ANNUAL REPORT AND FINANCIAL STATEMENTS 2021
CONTENTS
Strategic report
Financial overview
Zytronic at a glance
About our technology
Chairman's statement
Chief Executive Officer's review Our markets
Our business model
Our stakeholders
Our strategy
Key performance indicators Risk management Sustainability
Financial review
Corporate governance
Board of Directors
Corporate governance
Audit committee report
Remuneration report
Directors' report
Zytronic's vision is to make its unique touch sensor technology pre-eminent in markets that require medium to large sized touch interactive systems.
Learn more https://www.zytronic.co.uk/
Financial statements
1 | Group accounts | |
2 | Independent auditor's report | 37 |
4 Consolidated statement
6 | of comprehensive income | 40 |
Consolidated statement | ||
7 | 41 | |
of changes in equity | ||
11 Consolidated statement
12 | of financial position | 42 |
14 | Consolidated cashflow statement | 43 |
16 Notes to the consolidated
19 | financial statements | 44 |
20 | Five-year summaries | 61 |
24 Parent Company accounts
26 | Parent Company statement | 63 |
of financial position | ||
Parent Company statement of changes in equity | 64 |
28 Notes to the Parent Company financial statements 65
29 | Notice of Annual General Meeting | 69 |
72 | ||
32 | Corporate information | |
33 | ||
35 |
FINANCIAL OVERVIEW
Group revenue (£m)
£11.7m
17 | 22.9 | |
18 | 22.3 |
- 20.1
- 12.7
- 11.7
Earnings/(loss) per share (p)
3.0p
1729.0
- 22.7
- 16.8
- (1.8)
- 3.0
Profit/(loss) before tax (£m)
£0.5m
175.4
- 4.2
- 3.1
- (0.4)
- 0.5
Why invest in Zytronic?
Gross profit margin (%) | 1 | ||||||||||||
30.3% | |||||||||||||
Strong net assets and cash | |||||||||||||
17 | 41.1 | ||||||||||||
provide sound basis for growth | |||||||||||||
18 | 37.0 | ||||||||||||
19 | 33.7 | £9.2m | |||||||||||
20 | 20.1 | ||||||||||||
21 | 30.3 | cash in the Group | |||||||||||
Dividends (p) | Financial review P26-27 | ||||||||||||
1.5p | 2 | ||||||||||||
17 | 19.0 | Diversified technologies, | |||||||||||
18 | 22.8 | ||||||||||||
products, markets | |||||||||||||
19 | 22.8 | ||||||||||||
and applications | |||||||||||||
20 | 0 | ||||||||||||
5 | |||||||||||||
21 | 1.5 | ||||||||||||
key markets | |||||||||||||
Cash generated from | Our markets P11 | ||||||||||||
operating activities (£m) | |||||||||||||
£2.1m | |||||||||||||
3 | |||||||||||||
17 | 4.7 | ||||||||||||
18 | 4.8 | Investment in our already | |||||||||||
19 | 2.8 | ||||||||||||
proven and trusted technology | |||||||||||||
20 | 3.2 | ||||||||||||
£0.4m | |||||||||||||
21 | 2.1 | ||||||||||||
investment in R&D
Our technology P4
REPORT STRATEGIC
HIGHLIGHTS
- Recovery in H2 revenue of 44% with growth from Gaming 99%, Vending 63% and Financial 29%
- Gross margin improved to 30.3% (2020: 20.1%), due to production efficiencies from restructuring in 2020
-
EBITDA of £1.4m (2020: £0.7m) and a return to profitability
with profit before tax of £0.5m (2020: loss of £0.4m) - Earnings per share of 3.0p (2020: loss per share of 1.8p)
- Dividend proposed of 1.5p (2020: Nil)
- Successful Share Tender offer, returning £6.7m cash and cancellation of 4.6m shares
- Closing net cash of £9.2m (2020: £14.0m)
4
Strength of opportunities pipeline
391
opportunities in pipeline
Chairman's statement P6
5
Excellence in manufacturing
16
skilled employees degree level or higher
Our business model P12-13
ANNUAL REPORT AND FINANCIAL STATEMENTS 2021 | 1 |
ZYTRONIC AT A GLANCE
Our technology empowers people all over the world
From finding the way to a departure gate to dispensing drinks in a restaurant, touchscreens help people every day and everywhere.
What we do
PERFORMANCE
- Unsurpassed reliability and durability
- Capable of detecting 80+ touches with millisecond response
- All-weatherfunctionality and unaffected by surface dirt
- Vandal resistant and gloved hand operation
DESIGN
- Unique touchscreen designs with no/low tooling fees
- Any quantity you need, 1 or 1,000s
- 100% manufactured in our state-of-the-art facilities
- Toughened, curved, printed and machined options
SERVICE
- Global pre/post-sales support
- Over 50 years of glass processing experience
- Many years' expertise in touch controller and firmware development
- Rapid prototyping capability
New products
ElectroglaZ™
Zytronic's ElectroglaZ™ technology is a bespoke lamination of non-conductive and conductive transparent glass. The arrangement allows power to be transferred across two or more individual layers within the laminate and tapped/extracted at the required locations to power multiple low power (<50V) devices. The delivery of this energy is wire/cable free and invisible to the user.
Read more at https://www.zytronic.co.uk/technology/electroglaz/
Some of our customers
2 | ZYTRONIC PLC |
Our markets by revenue | 83.4. | + | |||||||||
1. | 6. | ||||||||||
5. | |||||||||||
Total sales | |||||||||||
2. | £11.7m | STRATEGIC | |||||||||
REPORT | |||||||||||
1. SIGNAGE | 2. GAMING | 3. INDUSTRIAL | 4. FINANCIAL | 5. VENDING | 6. OTHER |
£0.7m | £2.9m | £1.6m | £2.9m | £2.6m | £1.0m |
(2020: £1.1m) | (2020: £3.1m) | (2020: £1.6m) | (2020: £3.8m) | (2020: £2.2m) | (2020: £0.9m) |
6% of revenue | 25% of revenue | 14% of revenue | 25% of revenue | 22% of revenue | 8% of revenue |
(2020: 9%) | (2020: 24%) | (2020: 13%) | (2020: 30%) | (2020: 17%) | (2020: 7%) |
OUR TOUCHSCREENS ARE EVERYWHERE | |||||
GAMING | OTHER | SIGNAGE |
Our highly durable and customisable touch sensors are used in a variety of gaming applications, from betting terminals to slot machines. With reliable performance and engaging designs, our products offer an unbeatable player experience.
Our award-winningmulti-touch MPCT™ touch sensors are available in any shape or size up to 86", perfect for multi‑user touch tables in retail, leisure and commercial applications.
Our large format PCT™ touchscreens are increasingly used in digital signage, helping advertisers to engage directly with individual customers outdoors and indoors, and are reliable in all conditions.
INDUSTRIAL
Our rugged, reliable PCTTM touch sensors are used in a variety of workplace applications, from medical diagnostic equipment to oil field machinery controls, providing low maintenance, year-round performance in all environments.
VENDING
Our tough, customisable PCT™ touchscreens enable self-service equipment to be deployed at the point of sale irrespective of the location and to provide 24/7 customer access in the harshest environments and climates.
FINANCIAL
Our vandal-resistant PCT™ touch sensors have been trusted by global ATM and financial kiosk manufacturers for over a decade to provide reliable self-service performance both indoors and outdoors.
ANNUAL REPORT AND FINANCIAL STATEMENTS 2021 | 3 |
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Zytronic plc published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 15:00:00 UTC.