We hosted an investor presentation with Mark Bartlett (Chief Executive Officer) and Harry Kyriacou (Chief Commercial Officer) of Strix Group plc, the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components.
The Strix team discussed the opportunities for growth across their three key categories, and provided considerable detail about the recently announced conditional acquisition of Billi. They discussed the strategic rationale for the deal and capital allocation priorities, and answered a wide-ranging Q&A session which has been divided below into two parts - the first focusing on Billi, and the second with broader questions including capex, dividends, own brands, margins and China.
The full video has been divided into chapters for ease of viewing:
0:00:20 - Highlights from H1 2022 & margin analysis (Mark Bartlett, CEO)
0:05:42 - Kettle Control category (Harry Kyriacou, CCO)
0:09:36 - Water category
0:13:25 - Appliances category
0:16:02 - Aurora product video
0:17:44 - Billi acquisition (overview, strategic rationale, medium term targets, capital allocation)
0:31:44 - Outlook statement
0:34:21 - Q & A part 1: focus on Billi (cross-sell opportunity, gross margins, leverage, distribution channels, customer feedback)
0:43:18 - Q & A part 2: capex, debt, dividends, China, margins, own brands
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