Speedy Hire is the UK and Ireland’s leading provider of tools, specialist equipment and services operating from a nationwide network of c.180 depots. Its activities comprise: Hire (59% FY23 revenue); generated from a broad range of plant, equipment and tool assets as well as transportation & repair income), Services (40%); includes third party asset re-hire, training, testing and the sale of fuel & other consumables, and Other (c.1%); asset disposals. During FY24, Speedy transitioned its trade/retail presence with B&Q to a digital fulfilment model. SDY also has two JV operations: Speedy Zholdas (in Kazakhstan, since 2013) and Speedy Hydrogen Services (UK, launched in H224).

03 Dec 2024

Speedy Hire - HY Results - Investor Presentation video - 27 November 2024

Dan Evans (CEO) and Paul Rayner (CFO) of Speedy Hire plc hosted an Investor Presentation covering highlights of the company's Half Year results for the six months to 30th September. The company posted resilient 1H results against a challenging but manageable market backdrop, with a modest decline in revenues but an increase in gross profit margins from 54% to 56%.

Management discussed their continued investment in the Velocity strategy and hire fleet capital spend to drive contract wins and renewals, and that October and November trading has started well. The team provided a detailed financial and business update, and highlighted that the Board anticipates the Group meeting its full year expectations. Finally management answered a wide range of questions submitted by viewers.

The full video has been divided into chapters, as below:
0:00:03 Introduction
0:00:16 Highlights of the period
0:05:41 Financial update
0:18:08 Business update
0:26:15 Strategy & Transformation
0:36:52 Summary and outlook
0:38:48 Questions & Answers

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