OUR VISION

We are a global family invested in becoming the most reputable sensor manufacturer by utilising our exceptional people, innovation and technology to deliver exceptional value through the following means:

Advancement Nurturing growth and development Diversity Returns maximizing shareholder value Efficiency World to be a responsible corporate citizen Stakeholders

At the heart of everything we do:

People Integrity Commitment Excellence.

Pricing to match customer needs Product positioning

Establishing marketing spend to attract customers Calculate TQM and HR to obtain max efficiency

Investing in capacity, automation, related spend

Monitoring Financial health & maximising shareholder value

Differentiator with Product Lifecycle focus

Core focus: Excellence in design High awareness and accessibility Above average pricing Designing high-tech products to mature into low-tech products

Key: Align products with customer specifications

Introduced new high tech products:

2014 (Atom) 2018 (Ashter) 2020 (Avios)

Continuous investment in plant improvements and capacity in order to keep up with demand Utilised overtime in earlier years (learnt that this was inefficient and resulted in a higher cost structure)
Invest in plant expansions
More productive and satisfied workers

Less overtime

Lower costs

 Long term debt

Shares

Cash

Large investments require comprehensive financing.

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2013 2014 2015 2016 2017 2018 2019 2020

Able
Atom Ashter Avios

Andrews productivity index

125% 120%

115%
110% 105% 100% 2013 2014 2015 2016 2017 2018 2019 2020 2021 Andrews

45.00% 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00%

0.00% 2016 2017 2018 2019 2020 Mat rd Labor rd R&D cyc

Admin rd
Dmnd inc

 Andrews grew its profits sustainably for the eight past years. Sales growth at Andrews averaged 12.87% annually since 2014 as compared to the industry average of 7.92% annually; while Andrews total costs grew at an annualised rate of 7.56% as compared to the industry average of 9.86%. This enabled Andrews to remain profitable and generate continuously higher profits. 250000 Sales/Costs/Profits (in thousands of $)

200000
150000 Total sales 100000 50000 0 2014 2015 2016 2017 2018 2019 Financial years 2020 2021 Total costs Net profit

 Andrews grew its contribution margin consistently from 2014 to 2019. Due to increasing cost pressures and lower product prices to remain competitive ,the contribution margin has marginally decreased from 2019 to 2021. However, Andrews still possesses the highest contribution margin in its industry.
50 45 40 35 30 25 20 15 10 5 0 2014 2015 2016 2017 2018 Financial years 2019 2020 2021

Contribution Margin (%)

Contribution Margin

 Andrews has consistently has the highest market share in the industry over the past 8 years due to its unwavering commitment to supply the market with more than enough of its value propositions. Andrews sustained its market share by continuously redesigning its products to meet customer needs while simultaneously investing in capacity to meet this rising demand 30 Market share (%) 25 20 15 10 5 0 2014 2015 2016 2017 2018 2019 Financial years 2020 2021 Average market share per firm in the industry Andrews' market share

 Andrews has the highest ROS, ROA and ROE in the industry. The continuously increasing ROS shows that Andrews is operating efficiently and is able to sustainably generate higher profits for each dollar of sales. Andrews healthy ROA shows that the company has been able to consistently improve its efficiency to generate greater profits from each dollar of assets. A high ROE demonstrates Andrews ability to unceasingly generate higher returns for its shareholders

35 30 Returns (%) 25 20 15 10 5 0 2014 2015 2016 2017 2018 Financial Years 2019 2020 2021 Return on sales Return on assets Return on Equity

 ROCE has exceeded that of the industry in all of the past 8 years. Andrews has used its capital effectively to generate additional revenue and profits. 80 70 60 ROCE

ROCE (%)

50 40 30 20 10 0 Industry average ROCE

2014

2015

2016

2017 2018 Financial Years

2019

2020

2021

 Andrews is an exceptionally liquid company and the most liquid company in its industry. Andrews can easily meet its short-term financing needs and pay its debts that are due in the next month.

16 Ratio numerator (x:1) 14 12 10 8 6 4 2 0 2014 2015 2016 2017 2018 2019 Financial Years 2020 2021

Current Ratio
Quick Ratio

Operating Cash Ratio

 Andrewss solvency position has significantly improved over the last 8 years. Andrews is the most solvent company in the industry. Currently, Andrews in extremely solvent and does not face any long-term financial pressure as it has more than enough assets to cover its long-term liabilities. 1.2 Ratio numerator (x:1) 1 0.8 0.6 0.4 0.2 0 2014 2015 2016 2017 2018 Financial Years 2019 2020 2021 Solvency Ratio Debt Ratio

 A healthy leverage has been sustained over the 8 year period. However, assets have grown less rapidly than equity for some periods which has placed downward pressure on the Andrews leverage ratio. 2 1.8 Leverage numerator (x:1) 1.6 1.4 1.2 1 0.8 Leverage

0.6
0.4

0.2
0 2014 2015 2016 2017 2018 Financial Years 2019 2020 2021

 Andrews has sustainably grown its EPS for the past 8 years and maintained a EPS 25 higher than the average-industry EPS.
20 Earnings per share ($) EPS 15 Average Industry EPS

10

0 2014 2015 2016 2017 2018 2019 Financial Years 2020 2021

 Consistent market capitalisation growth has made Andrews the most valuable company in the industry with the highest market capitalisation.
350 Market Capitalisation ($ million) 300 250

200 150 100 50 0

2014 2015 2016 2017 2018 2019 2020 2021 Financial Years

Market Capitalisation

 Andrews share price has improved by 1587% since 2014 and the share price grew at an average of 212% per year. For every dollar invested in Andrews in 2014, investors got $15.87 dollars back excluding the $4.50 per share dividend paid in the last financial year. 180 160 140 Share price ($) 120 100 80 60 40 20 0 2014 2015 2016 2017 2018 Financial Years 2019 2020 2021 Andrews Baldwin Chester

Digby
Erie Ferris

 Aggressively invest in high-tech & invest moderately in low-tech

Maintain current awareness levels & continue to build distribution to increase customer satisfaction Modest capacity investments in line with expected sales