Hardman & Co Research
Hardman Talks | Surface Transforms management presentation
On 25 January 2021, the Surface Transforms management team gave an excellent presentation to investors on Hardman Talks. Watch it here: https://youtu.be/TZ_h2NvKELs
The talk included a full rundown of the business and their plans to upscale manufacturing capacity, particularly in Cell 2, following the recent fundraising initiatives through placement, subscription and open offer.
Surface Transforms has recently won new OEM contracts with German, USA, and European car manufacturers, with multi-year contracts generating strong growth currently exceeding installed capacity and contracts valued at £43m from four OEMs in the last 18 months. Based on current contracts, the company is expecting revenues to hit £30m/year by FY23 (revenues at £2m for FY20), and £75m/year on the prospective pipeline. Operating in a £2bn/year potential market, and currently penetrating 6% of this, the company is expecting meaningful growth in both the near and long term.
Watch the presentation: https://youtu.be/TZ_h2NvKELs
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