Full year results 2017

revenue
FY - 2017 £181.0m 0% FY - 2016: £182.2m
Underlying gross profit
FY - 2017 38% -130bps FY - 2016: 39%
Underlying operating profit
FY - 2017 £9.7m -26% FY - 2016: £13.1m
Net cash
FY - 2017 £12.8m +60% FY - 2016: £8m

What makes dialight different?

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Embedded resonant power supply

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Integrated mechanical and thermal design

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Easy to install

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Leading optical design

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Advanced lighting control

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Integrated with factory automation

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  • Power supply designed in-house we can provide a ten year warranty
  • Better design leading to better light utilisation and fewer fixtures
  • Designs to reduce installation time
  • Significantly reduces the burden of maintenance and designed to last in harsh conditions
  • Connectivity to factory automation systems promises an enhanced value proposition
-40c

Our fixtures are designed to work in extreme temperatures

+65c

How will we drive market growth?

Target maintenance budget

One year payback

Lighting as a service

Lead the market

First to integrate with all the major building automation systems

Awareness

Drive awareness of LED as a better solution

Access different decision makers

Corporate sustainability & safety managers

Design & process engineers

Lighting division

LED lighting for industrial users is the major growth segment for Dialight. The market is only 3% penetrated and Dialight is the current market leader with an overall share of 32%. The market segments served are diverse but all require durability and safety from their lighting that gives reduced maintenance costs encompassed within a product that promotes sustainability through much lower power usage.

The market sectors that we serve include:
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Food and beverage img-47.png
Oil and gas img-48.png
Heavy Industry img-49.png
Power Generation img-50.png
Obstruction img-51.png
Lighting revenue
2017 £137.5
2016 £136.6
76% of group Revenue

The industrial portion of the total LED market is 3% converted and has a value of £50bn based on a 20 year retro-fit cycle.

We believe that this market will grow at a rapid but non-linear pace as traditional lighting is phased out.

"Switching out from fluorescents to the Dialight LEDs on the derrick saved us about 60% in our energy costs immediately and freed up capacity to power other activities more critical to the operation."

Mike Dillard Manager of Northeast Operations.

Signals & components division

This division operates in a mature market with significant competition and low barriers to entry.

The Signals & Components division consists of three main product types:
Traffic signals img-57.png
Vehicle lights img-58.png
Components img-59.png

The Signals & Components division sells electronic components, traffic lights and niche vehicle lights. In Traffic and Transportation, Dialight provides LED lighting for signals, while the Components businesses include sales to electronic OEMs for status indication and components for automotive and niche industrial applications.

Sustainability

Sustainability is a central tenet of Dialight's business strategy. We seek to build a long-term, sustainable business that creates economic, environmental and social value, thus delivering tangible benefits for all our stakeholders.

1.1bn

Dialight has helped to reduce 1.1 billion kWh of energy consumption

166,000

The equivalent of removing 166,000 passenger vehicles for one year

2020

We provide collision avoidance lighting systems to on-shore and off-shore wind farms that provide renewable energy including the new Hornsea Project One wind farm that will power 1 million homes in the UK by 2020