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

  1. 20.1
  2. 12.7
  3. 11.7

Earnings/(loss) per share (p)

3.0p

1729.0

  1. 22.7
  2. 16.8
  3. (1.8)
  4. 3.0

Profit/(loss) before tax (£m)

£0.5m

175.4

  1. 4.2
  2. 3.1
  3. (0.4)
  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.