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ISH ISH – June 2008 © Image Scan Holdings plc, 2008 1 Image Scan Holdings plc Advanced X-ray Imaging Solutions 2008Interim Results 2008 Interim Results.

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Presentation on theme: "ISH ISH – June 2008 © Image Scan Holdings plc, 2008 1 Image Scan Holdings plc Advanced X-ray Imaging Solutions 2008Interim Results 2008 Interim Results."— Presentation transcript:

1 ISH ISH – June 2008 © Image Scan Holdings plc, Image Scan Holdings plc Advanced X-ray Imaging Solutions 2008Interim Results 2008 Interim Results

2 ISH ISH – June 2008 © Image Scan Holdings plc, Financial Results Income Statement Year end 30 September Income Statement Year end 30 September HYHYFY Revenue (£000)1,1221,1331,542 Gross margin (%) 46%50% 46% Administrative Expenses (£000) ,522 Profit/(loss) (£000) (136)(60)(761) EPS (pence)(0.24)(0.17)(1.9)

3 ISH ISH – June 2008 © Image Scan Holdings plc, Financial Results Balance Sheet Balance Sheet HYHYFY HYHYFY £000£000£000 Net cash 1,337(542)1,531 Total assets2, ,392 Total liabilities (552)(1,066)(515) Net assets/(liabilities) 1,803(203)1,877 Retained earnings(6,059)(5,223)(5,925)

4 ISH ISH – June 2008 © Image Scan Holdings plc, Financial Results Revenue of £1.1m comparable to H1 FY07, but improvement on H2 FY07 Revenue of £1.1m comparable to H1 FY07, but improvement on H2 FY07 46% gross margin reflecting change in sales mix 46% gross margin reflecting change in sales mix Loss of £71k before redundancy costs of £65k Loss of £71k before redundancy costs of £65k Repeat sales from four customers endorsing technology Repeat sales from four customers endorsing technology Bank balance currently stands at £1.4 million Bank balance currently stands at £1.4 million

5 ISH ISH – June 2008 © Image Scan Holdings plc, Restructuring of Management Senior Management Senior Management Appointed Gilbert Chalk as Chairman who brings strong financial, strategic and corporate experience Appointed Gilbert Chalk as Chairman who brings strong financial, strategic and corporate experience Appointed Jerry Horwood as NED who has a proven track-record in sales and marketing Appointed Jerry Horwood as NED who has a proven track-record in sales and marketing Middle Management Middle Management Recruited Sales & Marketing Manager with international experience Recruited Sales & Marketing Manager with international experience Appointed Operations Manager with extensive experience of project management and managing sub-contractors Appointed Operations Manager with extensive experience of project management and managing sub-contractors Developed the Applications Team Managers role to focus on supporting the sales and marketing activity Developed the Applications Team Managers role to focus on supporting the sales and marketing activity Intending to appoint another salesman to focus on security sales in the UK Intending to appoint another salesman to focus on security sales in the UK

6 ISH ISH – June 2008 © Image Scan Holdings plc, Overview A XIS -3 D ® Repeat sales to SRA in the US Repeat sales to SRA in the US 5 units in use at the Beijing Olympics 5 units in use at the Beijing Olympics First sale of second generation A XIS -3 D ® First sale of second generation A XIS -3 D ® Conditional order of £630k dependent on approval of first system Conditional order of £630k dependent on approval of first systemTPXi Repeat sales to the British Transport Police Repeat sales to the British Transport Police Orders of £425,000 through distributor iCM Orders of £425,000 through distributor iCM Security

7 ISH ISH – June 2008 © Image Scan Holdings plc, Overview Successful completion of British Nuclear Group contract Successful completion of British Nuclear Group contract Repeat sale to Johnson Matthey in the US for MDXi Repeat sale to Johnson Matthey in the US for MDXi Renewal of all Johnson Matthey support contracts valued at £110k plus spares Renewal of all Johnson Matthey support contracts valued at £110k plus spares Breakthrough in x-ray imaging of catalytic converters Breakthrough in x-ray imaging of catalytic converters Industrial

8 ISH ISH – June 2008 © Image Scan Holdings plc, Sales Focus Invited by USAs Oak Ridge National Research Laboratory to present a joint conference paper in Detroit on inspecting catalytic converters Invited by USAs Oak Ridge National Research Laboratory to present a joint conference paper in Detroit on inspecting catalytic converters Invited to present SVXi and TPXi developments to this years Transec conference in Amsterdam with the Home Office Invited to present SVXi and TPXi developments to this years Transec conference in Amsterdam with the Home Office Development of routes to market through distributors and representation including China, India, South Africa, Kuwait and USA Development of routes to market through distributors and representation including China, India, South Africa, Kuwait and USA

9 ISH ISH – June 2008 © Image Scan Holdings plc, Growing the Company Growth in security sales is encouraging Growth in security sales is encouraging Closer relationship with iCM resulting in greater visibility on their TPXi sales pipeline Closer relationship with iCM resulting in greater visibility on their TPXi sales pipeline New TPXi-based security system devised for the BTP for use in London. Possible extension to all mainline stations New TPXi-based security system devised for the BTP for use in London. Possible extension to all mainline stations Renewed interest in A XIS -3 D ® following TSA report on multi-view and 3D Renewed interest in A XIS -3 D ® following TSA report on multi-view and 3D Further sales stream expected from China assuming conditional order is confirmed Further sales stream expected from China assuming conditional order is confirmed

10 ISH ISH – June 2008 © Image Scan Holdings plc, Growing the Company Trial scheduled in July with HMRC at Dover of a small vehicle x-ray inspection system (SVXi) Trial scheduled in July with HMRC at Dover of a small vehicle x-ray inspection system (SVXi) Recent advances in the Companys technology has widened opportunities from just diesel to now include petrol catalytic converters and substrates Recent advances in the Companys technology has widened opportunities from just diesel to now include petrol catalytic converters and substrates Recent development work with Crown has resulted in new instrumentation opportunities with the can manufacturing industry Recent development work with Crown has resulted in new instrumentation opportunities with the can manufacturing industry

11 ISH ISH – June 2008 © Image Scan Holdings plc, Growing the Company Scope to accelerate Company growth through add-on acquisitions being actively researched Scope to accelerate Company growth through add-on acquisitions being actively researched Reviewing strategic options Reviewing strategic options


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