Business Breakdowns
Episode 181 Renishaw: The Precision Pioneers
Business Breakdowns

Episode 181: Renishaw: The Precision Pioneers

Business Breakdowns

Episode 181

Renishaw: The Precision Pioneers

Matt Tonge is a fund manager at Liontrust Asset Management. We cover why Renishaw's precision measurement machines are like 'picks and shovels' for semiconductor manufacturers, the sticky nature of its customer base, and what it can teach investors about the current CapEx cycle.

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(00:00:00) Welcome to Business Breakdowns

(00:04:52) Overview of Renishaw

(00:06:53) Renishaw's Market and Products

(00:13:09) Revenue Dynamics and Market Cycles

(00:18:02) Renishaw's Origin Story

(00:22:56) Competitors and Market Position

(00:24:49) Financial Performance and Investment

(00:32:10) Product Range and Standardization

(00:34:21) Challenges in Additive Manufacturing

(00:36:03) Customer Stickiness and Market Presence

(00:41:39) Investment and Long-Term Strategy

(00:49:16) Lessons from Breaking Down Renishaw

 

Renishaw: The Precision Pioneers

Introduction

Matt R
Welcome back to Business Breakdowns. This is Matt Reustle, and today, we are covering Renishaw. Renishaw is considered a leading supplier of measuring systems and manufacturing systems, specifically focused on accuracy and precision. Now what does that mean in layman's terms?

Renishaw is a picks and shovels provider to many of the fastest-growing end markets in the world. So you can think about anything revolving around semiconductors, robotics, medical devices. Renishaw designs and develop systems for complete precision, control and reliability.

To break down Renishaw, I'm joined by Matt Tonge, fund manager at Liontrust Asset Management. Matt helps simplify this business, bringing it into layman's terms, describing both the customer base and exactly what is going on with these precision tools. Then we get into some of the unique dynamics of revenue at this business.

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