TIDMTGP
Tekmar Group PLC
22 July 2021
TEKMAR GROUP PLC
("Tekmar Group" or the "Company")
Capital Markets Day
Tekmar Group (AIM: TGP), a leading provider of technology and
services for the global offshore energy markets, announces that, as
previously notified on 6 July 2021, it will be hosting virtual
Capital Markets Day events for investors today. Further details for
investors and analysts wishing to attend these events are set out
below.
The presentation will provide a further update to the five year
strategic plan set out in the Company's interim results on 1 June
2021, and in particular how the Tekmar Group will deliver on its
ambition to:
-- Double organic revenue over the next five years from the base of the FY20 revenue run-rate of approximately
GBP40m
-- Deliver a sustainable mid-to-high teen EBITDA margin in the later years of the plan
-- Reinforce Tekmar's industry leadership position as a trusted partner to customers
-- Expand Tekmar's technical capability, its service and geographical reach to capitalise on expanding global
offshore wind markets
-- Provide Tekmar's people with the platform to drive continued success
The presentation will outline how Tekmar's strategy builds on
the strong foundations of the business today to further strengthen
its leading position in the offshore wind market:
-- Leverage the significant market opportunity for Tekmar, with exponential growth in wind capacity over the next
decade and beyond
-- Leverage the unrivalled breadth and depth of Tekmar's offering in the global offshore energy market
-- Diversify further into the offshore wind industry, extending Tekmar's presence across the project lifecycle,
including the high growth O&M market
-- Invest in targeted initiatives to grow through technology, product and service expansion and by entering new
markets
-- Complement the organic growth strategy through targeted M&A, focused on technologies and services that strengthen
Tekmar's position in offshore wind
Update on Commercial Activity
As part of the presentation, management will provide an update
on commercial activity and outlook since the interim results on 1
June 2021 with growth in the Enquiry Book to GBP320m and a stable
Order Book of GBP13m supported by GBP10m of contracts in advanced
negotiation.
Tekmar recently secured a contract valued at approximately GBP2m
to design, engineer and manufacture an Emergency Pipelines Repair
System ("EPRS") on behalf of an offshore operator in the Middle
East. Due to confidentiality requirements no further details will
be issued at this stage.
In addition, negotiations are currently at an advanced stage on
four projects, with a combined value of approximately GBP10
million, to design, engineer, manufacture and deliver subsea asset
protection solutions for offshore wind farm projects in Europe, and
subsea projects in the Middle East and India. Further information
will be shared upon completion of these contracts.
No new material trading information will be disclosed during the
presentation with market conditions consistent with the near-term
outlook commentary provided by Tekmar Group in the interim results
announcement on 1 June 2021.
Alasdair MacDonald, CEO of Tekmar Group said , "We look forward
to welcoming investors to our strategy update today and to setting
out in more detail how we will deliver on our growth plans. The
market outlook for the global offshore wind industry over the next
decade provides a major opportunity for Tekmar to further
strengthen our industry leading position in offshore wind. The
growth opportunity we have ahead is significant. It is now about
execution and the team are focused on delivering on the
opportunity."
Institutional Investor Event
The Company will host an online event at 2.00pm on Thursday, 22
July 2021 for the institutional investor audience. This event is
scheduled to run for 90 minutes, including time for Q&A. Please
contact Rhian Powell at Rhian.Powell@singercm.com or
tekmar@berenberg.com if you are interested in attending this
event.
Retail Investor Event
The Company will host a separate online event for the retail
investor audience at 4.30pm on Thursday, 22 July 2021. This event
is scheduled to run for 90 minutes, including time for Q&A.
Please register with PI World at https://bit.ly/Tekmar_CMD_retail
if you are interested in attending this event.
A copy of the presentation will be made available on the
Company's website after the event.
Enquiries:
Tekmar Group plc
Alasdair MacDonald, CEO
Derek Bulmer, CFO +44 (0)1325 349 050
N+1 Singer (Nominated Adviser and Joint Broker)
Rick Thompson / Rachel Hayes +44 (0)20 7496 3000
Berenberg (Joint Broker)
Chris Bowman / Ben Wright / Ciaran Walsh +44 (0)20 3207 7800
Bamburgh Capital Limited (Financial PR & Investor
Relations)
Murdo Montgomery +44 (0) 191 249 7442
About Tekmar Group plc - www.tekmargroup.com
Tekmar Group plc's vision is to be the leading provider of
technology and services for the global offshore energy markets. The
Group has five primary operating companies; these are Tekmar Energy
Limited, Subsea Innovation Limited, AgileTek Engineering Limited,
Ryder Geotechnical Limited and Pipeshield International
limited.
Tekmar Energy is a global market leader in protection systems
for subsea cable, umbilical and flexible pipe. Tekmar Energy has
been trusted to protect billions of Euros worth of assets in the
offshore wind, oil & gas, wave, tidal and interconnector
markets since 1985.
Subsea Innovation is a global leader in the design, manufacture
and supply of complex engineered equipment and technology used in
the offshore energy market. Its products include large equipment
handling systems which operate on the back of pipelay installation
vessels; emergency pipeline repair clamps (EPRC) which protect
major oil and gas pipelines, and bespoke equipment for use in the
construction of offshore energy projects.
AgileTek Engineering is an award-winning subsea engineering
consultancy for offshore energy projects. AgileTek helps its
clients de-risk projects through advanced computer simulation and
analysis. AgileDat, a division of AgileTek, provides software
development, cloud architecture and data analytics services.
Ryder Geotechnical provides expert geotechnical design and
consulting services to the offshore wind and subsea oil and gas
sectors. Services include offshore structure foundation design,
geohazard assessment and subsea cable routing and burial
assessment.
Pipeshield International is a market leading provider of
specialised subsea protection solutions in the form of concrete
mattresses used for the stabilisation and impact protection of
subsea equipment in areas where they cannot be buried and further
to limit the development of scour (seabed erosion) particularly
local to that of a foundation, pipeline or in marine ports.
Tekmar Energy is headquartered in Newton Aycliffe in the United
Kingdom; AgileTek operates from an office in London; Subsea
Innovation has its head office and manufacturing centre in
Darlington, United Kingdom. Ryder operates in Newcastle and within
AgileTek London, Pipeshield headquarters are in Lowestoft with
manufacturing in Montrose and Blyth. Tekmar Group plc also has
strategic supply bases and representation across Europe, Africa,
the Middle East and Asia Pacific.
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END
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