Investor Overview

Zenova Group PLC: A Snapshot

Zenova has a range fire safety and temperature management products which are independently certified and tested and have unique characteristics which are revolutionizing and setting the standard in their respective markets
Listed on AIM in July 2021, Zenova raised £4.5 million which is being used to accelerate R&D, independent testing & certification programs, develop sales and distribution channels, and bring products to market
Three products now launched: Zenova IR thermal insulation render, Zenova IP thermal insulation paint, and Zenova FP fire protection paint complies with the very latest UK building regulations and UK and European fire safety standards
Products in development include: Zenova FX ‘any fire’ fire extinguishers, Zenova CS ceiling sprinklers and Zenova WB wildfire barrier fluid
Agreements signed since IPO mean Zenova products are becoming available in the USA, Canada, the UK, Germany, Switzerland, Austria, Spain, Japan, Saudi Arabia and Australia. Initial European and Australian contracts worth circa £14 million over the next 3 years
Zenova products are designed to be retrofittable, meaning they minimize disruption for end users, are simple to use and cost effective. They are also environmentally friendly

Admitted To AIM	July 2021
Trading Symbol	AIM: ZED
Sector	General Industrials
AIM Shares In Issue	93,384,053
Year End	30 November
EIS Qualifying?	✔

All data delayed at least 15 minutes

Zenova's Admission to AIM

July 2021

Social Housing Insulation Project commenced

August 2021

Global logistics warehousing and distribution partner appointed

September 2021

Zenova WB wildfire product successful independent testing by Exeter University's wildFIRE laboratory

October 2021

Zenova FP fire protection paint approved for use by two London Boroughs

November 2021

Secured 3-year contract for the supply of products in Australia, worth a minimum of £6 million, with £2 million in 2022

November 2021

Secured 3-year contract for the supply of products in Spain, Germany, Austria, and Switzerland, worth a minimum of €9.8 million, with €1.8 million in 2022

November 2021

Approved as NHS Trusted Partner

January 2022

‘Real-World’ Kitchen Fire Demonstration by Dorset and Wiltshire Fire & Rescue Service and Exeter University wildFIRE lab illustrated the effectiveness of Zenova FP fire protection paint to significantly reduce fire risk in ‘real-life’ scenarios

March 2022

Appointed a UK stockist and reseller

March 2022

Zenova FP structural steel testing underway

March 2022

Zenova FP to be used at major TV and film studios

May 2022

Zenova appoints sub-distributer of its products in Saudi Arabia

June 2022

Fire Protection: The Market

Current fire management technology is often outdated, complex, difficult to retrofit and even hazardous. This has resulted in an ever-present and increasing threat of fire in domestic, commercial and industrial settings.

Regulations and legislation are being updated around the world to help mitigate risk, but innovation is needed to address this growing issue. An increase in global temperatures is also resulting in a steady rise in the number and intensity of natural fires (forest, bush and wildfires) each year, including in the UK.

The global market for fire protection systems is expected to grow from USD 67.7 billion in 2020 to USD 95.4 billion by 2025*
The UK Government spent approximately £3 billion on fire-protection services in 2019-2020, the highest level since 2010-2011**
Local authorities and social housing providers estimate it could cost £18bn to address the current building safety issues it faces with ~50% of remediation work unrelated to unsafe cladding***
The Company estimate that there are more than 4 million doors in social housing that do not meet current fire regulations, but could be painted with fire protection paint rather than replaced
Fire Protection Association data reveals that the financial impact of fires on businesses and services exceeds £657,000 per incident***
Circa 1.5 million flats in England, that are in modern buildings with four or more floors, may be “unmortgageable” because owners cannot prove that walls meet safety guidance*****
In the UK, 60% of private businesses never recover from a fire******

* The global fire protection system market size is estimated (MarkestandMarkets report)

** Fire service spending UK 2020 | Statista

*** Levelling Up, Housing and Communities Committee, 2 February 2022

**** FPA data reveals the huge financial impact of fires on businesses and services – FMJ

***** After Grenfell, why did fire destroy flats at Worcester Park last year? | The Sunday Times Magazine | The Sunday Times (theti mes.co.uk)

****** Office environments – Fire safety at work | London Fire Brigade (london-fire.gov.uk)

Heat Management: The Market

Rising energy costs, consumer awareness regarding energy conservation, supportive government policies, and growing investments in environmentally friendly insulation materials are fuelling the global insulation coating materials market.

The global insulating coating market is expected to be worth USD 14.3 Billion by 2025
In the UK alone, an estimated 69% of operational emissions from the built environment relate to the heating of buildings*
The UK has some of the poorest insulated homes in Europe and approximately two thirds (19 million) need better insulation if we are to achieve net zero targets**
It could cost ~£145 billion** to make the 4.4 million*** social housing homes in the UK energy efficient
Retrofitting insulation (adding insulation to existing buildings) can be expensive and disruptive. Some buildings (especially older buildings) do not easily lend themselves to retrofitted insolation
In warmer climates, such as Australia, global warming is increasing the need to insulate buildings to keep them cool

* https://www.ukgbc.org/climate-change/

** https://www.bbc.co.uk/news/science-environment-60290876

*** https://www.gov.uk/government/news/social-housing-sector-stock-and-rents-statistics-show-impact-of-pandemic

Market Opportunity

Zenova’s products have applications across a number of sectors, in virtually every part of the globe.

Whether it’s protecting electric car battery compartments from the spread of fire, or insulating temporary housing units in the scorching desert climate of the Middle East, Zenova is helping to modernise and improve fire safety and temperature management.

Fire Management

Temperature Management

Route To Market

Manufacturing

All manufacturing is subcontracted to specialist manufacturers. The manufacturing process is not complex and the time scale to produce finished goods is brief

Distribution

The Company appoints resellers and distributors who are responsible for the worldwide sale of the Company`s products to other businesses and sub-distributors via its sales channels

Pricing

The Company has adopted wholesale prices that are at a discount to the current price for similar products, while offering superior performance and quality

Sales

Sales and marketing activities are focused upon large key business-to-business accounts by both the Company’s resellers and distributors and its own sales team

Testing & Certification

Due to the nature of the Company's products, an ongoing programme of testing and certification is in place which directly correlates with geographical expansion and specific industry and sector needs

Latest Investor news

Video Thumbnail: Zenova Fx 6L Heptane Fire Demo

Zenova Earns UK Kitemark

Zenova Group PLC is pleased to announce that it has been awarded a Kitemark, the UK’s highest product certification, across a full range of fire causes. Along with the Group’s recent announcement on achieving full European-standards EN3 certification, the awarding of the UK Kitemark completes the Group’s goal for proficiency markings on all its fire extinguisher products.

Change of Auditor and Appointment of Sole Broker

Zenova Group PLC announces the appointment of Gravitas Audit Ltd as its new external auditor to replace PKF Ltd.
In addition, Peterhouse Capital which led the Group’s recent fundraise, has been appointed as sole broker for the Group going forward.

Board Changes

Zenova Group PLC announces the following board changes: Don Nicolson, non-Executive Chairman, has informed the Board of his intention to step down with immediate effect and Fiona Rodford has been appointed as non-Executive Group Chair to replace Don.

Zenova expands to India

Zenova Group PLC is pleased to announce an earlier than anticipated expansion to India with the appointment of Maze Systems through its UK distribution partner Fire Services Group.

Holdings in Company

TR-1: Standard form for notification of major hold...

Holdings in Company

TR-1: Standard form for notification of major hold...

Subscription to Raise £677,500; Appointment of Joint Broker

Zenova Group is pleased to announce that the Company and Peterhouse Capital Limited has conditionally raised gross proceeds of £677,500 via a placing and subscription of 33,875,000 new ordinary shares.

Zenova FX extinguishers approved as marine fire extinguishers

Zenova Group is pleased to announce that the Zenova FX range of 6 and 9 litre extinguishers have been approved for the marine industry.

Company’s Extinguishers Excel at Major Product Testing Event in Palma, Mallorca

Zenova Group PLC is pleased to update the market on the continued successful outperformance of its sector-leading products in sponsored demonstrations conducted by and for fire prevention professionals and consumer groups.

Zenova expands into Romania through appointment of new Sub-Distributor

Zenova Group is pleased to affirm the continued success of its recently announced B2B strategy in the signing of another European distribution agreement, this time in Romania, with a partner attracted by the Company's certification standards across its paints and extinguisher products.