Acumentis Group Limited · ASX:ACU
Acumentis — Shareholder Meeting (October 2024)
32 slides from Acumentis's shareholder meeting presentation, Oct 22, 2024
Slide 1: Annual General Meeting
Annual General Meeting 22 October 2024 Acumentis acknowledges the Traditional Custodians of the lands where we live, learn and work and their connections to land, sea and community throughout Australia. We pay our respect to their Elders past, present and emerging and extend that respect to all Abor
Slide 2: Agenda
Agenda 1. Welcome 2. Chairman’s Address 3. CEO’s Address 4. Notice of Meeting & Proxies 5. Financial Statements & Reports 6. Resolutions 7. Other Business 8. Formal Meeting Close 9. General Questions
Slide 3: Disclaimer
Disclaimer The material contained in this presentation is intended to be general background information on the Acumentis Group, its performance & its activities. The information is supplied in summary form & is therefore not necessarily complete. Also, it is not intended that it be relied upon as ad
Slide 4: Chairman's Address
Chairman’s Address Keith Perrett, Chair of Board
Slide 5: Chairman's Address
CHAIRMAN’S ADDRESS Chairman’s Address • Continued improvement in results • First dividend since 2019 • Establishing a Business Valuations capability • Removal of significant contingent liability • Thanks
Slide 6: CEO's Address
CEO’s Address Tim Rabbitt, Chief Executive Officer
Slide 7: CEO's Address
CEO’S ADDRESS CEO’s Address • Geographic growth • Establishment of new national business lines • Settlement of deferred, contingent consideration • Settlement of cyber insurance aggregation claim • FY24 Performance • Market Outlook • Expectation for FY25 • Thanks
Slide 8: Geographic Growth
ACUMENTIS AGM 2024 Geographic Growth • Canberra, ACT Office • VIC regional capabilities • Darwin, NT office • Headcount & revenue growth
Slide 9: New National Business Lines
ACUMENTIS AGM 2024 New National Business Lines Business & Rent Roll Valuations Specialist Infrastructure & Acquisition Projects Group
Slide 10: Settlement of deferred, contingent consideration
ACUMENTIS AGM 2024 Settlement of deferred, contingent consideration • $1.2M liability recorded on acquisition of ACU WA and ACU SA in 2021 & 2022 respectively • Originally due August 2025 • Settled early to assist with integration & alignment of growth strategies of the acquired businesses • $268K p
Slide 11: Settlement of cyber insurance aggregation claim
ACUMENTIS AGM 2024 Settlement of cyber insurance aggregation claim • Cyber insurance policy responded to 2019 cyber-attacks and paid out $2.1M • Insurers subsequently argued the two attacks should be aggregated and demanded a repayment of $1.1M • Acumentis’ legal advice supported the company’s posit
Slide 12: FY23 v FY24 EBITDA
ACUMENTIS AGM 2024 FY23 v FY24 EBITDA 6,000 5,000 4,000 3,000 • Revenues up 5% • Operating profit up 93% 2,000 • PBT up 126% 1,000 • Normalised1 EBITDA up 9% Note 1: Normalisation adjustments include add back of loss - on disposal of assets, cyber-aggregation claim settlement Increase in employment
Slide 13: Market Outlook
ACUMENTIS AGM 2024 Market Outlook • High interest rates • Inflation • Global geo-political risks Expectations for FY25 • Continued revenue growth • Tight cost control • Improved returns
Slide 14: Thank you
Thank you
Slide 15: Notice of Annual General Meeting & Proxies
Notice of Annual General Meeting & Proxies Keith Perrett, Chair of Board
Slide 16: Voting Instructions
Voting Instructions 1 2 3 Go to Once logged in you will see that Click on “register” to register https://investor.automic.com.au/ the meeting is open for your attendance for the meeting #/home registration. Click on “view” To contact support: Please call 1300 816 159 (within Australia) or +61 2 8072
Slide 17: Voting Instructions
Voting Instructions 4 5 6 Once the Chair of the Meeting To vote simply select the Once voting is declared closed declares voting open, you direction in which you would like you must select “next” and then should select “refresh” to cast your vote, the selected “confirm” to submit your vote. option w
Slide 18: Online Q&A
Online Q&A 2. Type your question if you want 3. If asking a verbal question, a 1. Click on the Q&A icon. to ask a written question. If you moderator will allow you to unmute Type your HIN or SRN first to want to ask your question verbally, your microphone while you ask verify you are a shareholder.
Slide 19: Financial Statements & Reports
Financial Statements & Reports Keith Perrett, Chair of Board
Slide 20: Resolutions
Resolutions Keith Perrett, Chair of Board
Slide 21: Resolution: Adoption of Remuneration Report
ACUMENTIS AGM 2024 Resolution 1 Adoption of Remuneration Report “To adopt the Company’s Remuneration Report for the financial year ended 30 June 2024.” FOR AGAINST OPEN ABSTAIN 89,380,971 29,576,017 1.665.510 311.878 74.10% 24.52% 1.38% Proxy & Direct Votes (combined)
Slide 22: Resolution: Election of Jo Mikleus as Director
ACUMENTIS AGM 2024 Resolution 2 Election of Jo Mikleus as Director “To elect Jo Mikleus as a director of the Company, following her appointment as an additional Director and holding office until the next general meeting of the Company after her appointment in accordance with the Company’s Constituti
Slide 23: Resolution: Re-election of Les Wozniczka as Director
ACUMENTIS AGM 2024 Resolution 3 Re-election of Les Wozniczka as Director “To re-elect Les Wozniczka as a director of the Company, following his retirement in accordance with the Company’s Constitution and ASX Listing Rule 14.5.” FOR AGAINST OPEN ABSTAIN 120,981,688 29,231,661 1,665,510 - 79.66% 19.2
Slide 24: Resolution: Renewal of All Employee Share Plan
ACUMENTIS AGM 2024 Resolution 4 Renewal of All Employee Share Plan “To renew the All Employee Share Plan for a further 3 years for the purposes of ASX Listing Rule 7.2 (exception 13(b)) and for all other purposes.” FOR AGAINST OPEN ABSTAIN 129,374,278 685,323 1,243,348 5,164,543 98.22% 0.52% 0.94% P
Slide 25: Resolution: Renewal of Salary Sacrifice Employee Share Plan
ACUMENTIS AGM 2024 Resolution 5 Renewal of Salary Sacrifice Employee Share Plan “To renew the Salary Sacrifice Employee Share Plan for a further 3 years for the purposes of ASX Listing Rule 7.2 (exception 13(b)) and for all other purposes.” FOR AGAINST OPEN ABSTAIN 129,702,228 382,373 1,243,348 5,13
Slide 26: Resolution: Renewal of Employee Share Option Plan
ACUMENTIS AGM 2024 Resolution 6 Renewal of Employee Share Option Plan “To renew the Employee Share Option Plan for a further 3 years for the purposes of ASX Listing Rule 7.2 (exception 13(b)), section 257B(1) of the Corporations Act and for all other purposes.” FOR AGAINST OPEN ABSTAIN 103,414,428 3
Slide 27: Resolution: Adoption of new Constitution
ACUMENTIS AGM 2024 Resolution 7 Adoption of new Constitution “To adopt a new constitution of the Company in place of the current constitution with effect from the close of the meeting.” FOR AGAINST OPEN ABSTAIN 106,897,212 37,668,693 1,665,510 5,647,444 73.10% 25.76% 1.14% Proxy & Direct Votes (comb
Slide 28: Conducting the Poll
Conducting the Poll Keith Perrett, Chair of Board
Slide 29: Other Business
Other Business Keith Perrett, Chair of Board
Slide 30: Meeting Close
Meeting Close Keith Perrett, Chair of Board
Slide 31: General Questions
General Questions Keith Perrett, Chair of Board
Slide 32: Thank you for your attendance & support for Acumentis
Thank you for your attendance & support for Acumentis