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Introduction to

Avon Rubber p.l.c.

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Protection£48m

COMPANY PROFILE

Avon Rubber are an innovative design and engineering group specialising in two core markets, Protection & Defence and Dairy.

The business is split into three strategic areas operating in niche markets; Military, Protection and Dairy.

Through a strong investment in R&D, each division has built a diverse product range made up of highly innovative solutions which go above and beyond the needs and wants of the customer.

With 12 sites globally employing around 800 people, Avon Rubber have established wide channels of distribution which enables them to have a global reach.

Military£53m

Dairy£42m

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OUR BRANDS

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OUR GLOBAL LOCATIONS

Avon Rubber p.l.c.Corporate headquartersMelksham, UK

Avon ProtectionMelksham, UK

Avon Dairy SolutionsMelksham, UK

Avon ProtectionCadillac, MI

Avon ProtectionBaltimore, MD

Avon Protection - AEFPicayune, MS

Avon ProtectionKuala Lumpur, Malaysia

Avon ProtectionBrussels, Belgium

Avon Electronics CentreWest Palm Beach, FL

Avon Dairy SolutionsJohnson Creek, WI

Milkrite | InterPulsModesto, CA

Milkrite | InterPulsRudnik, Czech Republic

Milkrite | InterPulsAlbinea, Italy

Milkrite | InterPulsShanghai, China

Milkrite | InterPulsCastro, Brazil

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FINANCIALS

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100

150

200

2012 2013 2014 2015 2016

Revenue £'m

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15

20

25

2012 2013 2014 2015 2016

Operating profit £'m

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2012 2013 2014 2015 2016

Operating cashflow £'m

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2012 2013 2014 2015 2016

Diluted EPS (pence)

CAGR

Highlights

Revenue 6%

Operating profit 13%

Operating cashflow 18%

EPS 23%

Strong margin growth

Cashflow conversion from profits high

5yr EPS growth of 23%

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FINANCIALS

Revenue Split by Geography

£25.5m

£7.5m

£4.1m

£102.7m

£2.0m £1.1m

Europe

Asia Pacific

Middle East

North America

South America

RofW

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MILITARY STRATEGY

US DOD sole-source contract

Experts in our field

Reputation of mask of choice, which we leverage with other militaries

Gives us the opportunity to cross-sell other products

New product development projects include the XM69, MCM100 and ST54

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MILITARY – DEVELOPMENT PROGRAMMES

MCM100XM69 ST54

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PROTECTION STRATEGYLA

W E

NFO

RC

EMEN

TFI

RE

Market leading Thermal Imaging Cameras (TICs) and award winning Self-Contained Breathing Apparatus (SCBA)

Since acquiring argus and their TIC portfolio, the brand has gone from strength to strength particularly in the US.

SCBA market share small but growing

Growing threat levels for law enforcement and first responders

Leverage military pedigree

Expanded complementary product range to create hybrid modular combination systems

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PROTECTION – MASKS AND MASK SYSTEMS

CS-PAPR MP-PAPREZAir

FM54C50 HMK150

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PROTECTION - HOODS

NH15 ComboNH15

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PROTECTION - FIRE

Deltair SCBAThermal Imaging Cameras

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DAIRY - STRATEGY

Products around vacuum, milking and herd management

Increase farm efficiency and profitability

PRECISION, CONTROL & INTELLIGENCE

INTERFACE FARM SERVICES

Monthly rental business model with warranty & service included

Locks in customers with our Exchange programme

Products that interface with the animal

Improving animal health & farm efficiency

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Filters

DAIRY – INTERFACE

Wash Systems

ClustersLiners Tubing

Goat Clusters

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Pulsators

DAIRY – PRECISION, CONTROL & INTELLIGENCE

Milk Meters

Automatic Cluster Removal

Cleaning SolutionsBucket Milker

Neck and Leg Tags

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DAIRY – FARM SERVICES

Pulsator Exchange Service Tag Exchange ServiceCluster Exchange Service