At a glance

Dialight is the global leader in industrial LED technology with over 1.8 million fixtures installed worldwide, providing one of the most efficient ways to drive down energy usage. Our next generation of lighting solutions not only reduce energy consumption but create a safer environment. Our products are specifically designed to provide superior operational performance, reliability and durability, reducing energy consumption and ongoing maintenance while achieving a rapid return on investment. Sustainability is playing an increasingly important role in how businesses respond to the world. It is becoming the lens through which a business is judged by its consumers, workforce, society and its investors.

Full year results 2020

revenue

FY - 2020 £119.0m FY - 2019: £151.0m

Underlying gross profit

FY - 2020 £34.0m FY - 2019: £43.9m

Underlying operating loss

FY - 2020 (£6.4m) FY - 2019: (£5.0m)

Net debt

FY - 2020 (£11.4m) FY - 2019: (£16.5m)

What makes dialight different?

Embedded resonant power supply

Integrated mechanical and thermal design

Easy to install

Leading optical design

Advanced lighting control

Integrated with factory automation

Power supply designed in-house we can provide a ten year warranty
Better design leading to better light utilisation and fewer fixtures
Designs to reduce installation time
Significantly reduces the burden of maintenance and designed to last in harsh conditions
Connectivity to factory automation systems promises an enhanced value proposition

-40c

Our fixtures are designed to work in extreme temperatures

+65c

How will we drive market growth?

Target maintenance budget

One year payback

Lighting as a service

Lead the market

First to integrate with all the major building automation systems

Awareness

Drive awareness of LED as a better solution

Access different decision makers

Corporate sustainability & safety managers

Design & process engineers

Lighting division

LED lighting for industrial users is the major growth segment for Dialight. The market is only 3% penetrated and Dialight is the current market leader with an overall share of 32%. The market segments served are diverse but all require durability and safety from their lighting that gives reduced maintenance costs encompassed within a product that promotes sustainability through much lower power usage.

The market sectors that we serve include:

Mining

Food and beverage

Oil and gas

Heavy Industry

Power Generation

Obstruction

Lighting revenue

2020 £81.7m

2019 £111.5m

69% of group Revenue

The industrial portion of the total LED market is less than 10% converted and has a value of £50bn based on a 20 year retro-fit cycle.

We believe that this market will grow at a rapid but non-linear pace as traditional lighting is phased out.

"Switching out from fluorescents to the Dialight LEDs on the derrick saved us about 60% in our energy costs immediately and freed up capacity to power other activities more critical to the operation."

Mike Dillard Manager of Northeast Operations.

Signals & components division

This division operates in a mature market with significant competition and low barriers to entry.

The Signals & Components division consists of three main product types:

Traffic signals

Vehicle lights

Components

The Signals and Components division consists of the Traffic and Transportation and Components businesses. Traffic and Transportations is focused on supplying traffic lights plus niche lights for specialist vehicles. The Components business sells status indicators to electronic original equipment manufacturers (“OEMs”). This is a mature market with low barriers to entry.

Sustainability

Sustainability is a central tenet of Dialight's business strategy. We seek to build a long-term, sustainable business that creates economic, environmental and social value, thus delivering tangible benefits for all our stakeholders.

1 million

Our installed base of 2m fixtures saves 1m tonnes of CO2 per annum

10x

CO2 savings by our customers per annum are more than 10 times the CO2 used in production

2040

We have committed to be a net zero business by 2040