Lgi Ltd · ASX:LGI
Lgi — Shareholder Meeting (November 2024)
32 slides from Lgi's shareholder meeting presentation, Nov 20, 2024
Slide 1: LGI Limited 2024 Annual General Meeting
LGI Limited 2024 Annual General Meeting 20 November 2024
Slide 2: Disclaimer
Disclaimer This document has been prepared by LGI Limited ACN 138 085 551 (LGI or the Company) to provide summary information about the Company and its associated entities. This document is issued on a confidential basis and for information purposes only. The information in this document remains sub
Slide 3: Acknowledgement of Country
Acknowledgement of Country
Slide 4: Agenda
Agenda 1. Chairman’s address 2. Managing Director’s address 3.Formal Business
Slide 5: Presenting Today
Presenting Today VIK BANSAL ADAM BLOOMER Chairman Managing Director Vik Bansal is CEO of Boral Limited, Founded LGI in 2009, with Australia’s largest vertically integrated decades of experience developing construction materials company. A projects in the waste, landfill and seasoned industrial leade
Slide 6: Chairman's address
cedigan ABATEMENT Chairman’s address
Slide 7: Growing Biogas Flows, ACCU's and Generation
Growing Biogas Flows, ACCU’s and Generation BIOGAS FLOW AND ACCU GROWTH 500,000 140 LGI continues to "chase the Million cubic meters of biogas (Mm3) 120 gas", ensuring maximum 400,000 practical gas flow is 113 115 100 Volume of ACCUs 100 achieved at each site 300,000 80 >35% increase in biogas 84 43
Slide 8: AEMO requirement for dispatchable electricity
AEMO requirement for dispatchable electricity AEMO has projected the additional capacity that would be required …dispatchable and continuously available … firm capacity must be operable across the breadth of system challenges. While short duration batteries, for example, may provide some level of fi
Slide 9: ACCU Integrity
ACCU Integrity High-integrity ACCU’s from landfills deliver immediate, measurable and permanent abatement LGI supports the Government’s intent to improve the integrity of ACCUs, following recommendations Abatement above the baseline from The Independent Review of Australian Carbon Credit Units (ACCU
Slide 10: Managing Director's address
Managing Director’s address
Slide 11: Bunya Generation plus battery
Bunya Generation plus battery Including FCAS revenue, LGI’s Bunya power station achieved 70% above the average AEMO price for the period from January 2024 to 30 September 2024 11
Slide 12: Key Project Update
Key Project Update Status of projects Why the investment in key projects Canberra – Mugga Lane • 20 MW connection to the grid AVG AEMO ELELCTRICITY PRICING TIME OF DAY (JAN 23 TO JUN 24) • Engines, transformers, switch gear in place 600 • New engines commissioned 500 • Batteries being ordered, due o
Slide 13: LGI projects winning awards
LGI projects winning awards Institute of Public Works Engineering Australia (IPWEA) 13
Slide 14: Expanding Portfolio & Operations
Expanding Portfolio & Operations KEY Expanding network of landfill, generation and carbon sites¹ BIOGAS FLARE GENERATORS ON SITE 32 Total contracted CARBON SITES sites² BATTERY CONTRACTED SITE UNDER ASSESSMENT 08 GLADSTONE Power BUNDABERG CENTRAL stations BUNDABERG WEST HERVEY BAY MARYBOROUGH GYMPIE
Slide 15: Confirmation of guidance
Confirmation of guidance LGI updates guidance Underlying EBITDA is expected to grow by 12% to 15% versus FY24, subject to market dynamics, and timing issues outside the control of the Company. 15
Slide 16: Hybrid Meeting
Hybrid Meeting 16
Slide 17: Q&A and Voting Process
Q&A and Voting Process 17
Slide 18: How to ask a question?
How to ask a question? • To ask a written question, select the ‘Q & A’ icon, select the topic your question relates to from the drop-down list. Type your question into the chat box at the bottom of the screen and press ‘Send’. • To ask a verbal question follow the instructions below the broadcast wi
Slide 19: How to vote?
How to vote? • When the poll is open, select the vote icon at the top of the screen. • To vote, select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “click here to change your vote” at any time until the poll is closed 19
Slide 20: Item 1: Financial Statements and Reports
Item 1: Financial Statements and Reports “To receive and consider the Financial Report, the Directors’ Report and the Auditor’s Report for the year ended 30 June 2024.” There will be no vote on this item, it is a discussion item only. 20
Slide 21: Item 2: Adoption of Remuneration Report
Item 2: Adoption of Remuneration Report “That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s Annual Financial Report for the financial year ended 30 June 2024.” For Ag
Slide 22: Item 3: Re-election of Director Mr Vikas Bansal
Item 3: Re-election of Director Mr Vikas Bansal “That Mr Vikas Bansal, a Director who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rule 14.5, and being eligible offers himself for re-election as a Director of the Company, effective immediately.” For Against Open
Slide 23: Item 4: Re-election of Director – Mr Andrew Peters
Item 4: Re-election of Director – Mr Andrew Peters “That Mr Andrew Peters, a Director who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rule 14.5, and being eligible offers himself for re-election as a Director of the Company, effective immediately.” For Against O
Slide 24: Item 5: Adoption of Omnibus Incentive Plan
Item 5: Adoption of Omnibus Incentive Plan “That, for the purposes of ASX Listing Rule 7.2 (exception 13(b)), and for all other purposes, the Shareholders of the Company approve the adoption of an Omnibus Incentive Plan on the terms and conditions set out in the Explanatory Statement which accompani
Slide 25: Closing of Voting Process
Closing of Voting Process 25
Slide 26: Close Meeting
Close Meeting
Slide 27: Other information
Other information
Slide 28: Key Financial Metrics
Key Financial Metrics Historical earnings and margin growth NET REVENUE ($M) UNDERLYING EBITDA ($M), MARGIN UNDERLYING EBIT ($M), MARGIN 30.9 51% 49% 30.4 47% 44% 9.8 9.9 14.4 15.3 34% 24.1 32% 32% 12.3 8.1 15.0 19% 6.6 2.9 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 STATUTORY EBITDA
Slide 29: Who is LGI?
Who is LGI? LGI installs, operates and maintains Electricity sales biogas extraction infrastructure on and FCAS landfills at competitive rates services to NEM BIOGAS FLARE One of Australia’s leading BIOGAS POWER GENERATION vertically integrated landfill RECOVERY AND FCAS³ gas companies BIOGAS Founde
Slide 30: LGI Value Proposition
LGI Value Proposition LGI strives to deliver value with its vertically integrated business model in a number of key areas at the intersection of the waste, electricity and carbon sectors END-TO-END DIVERSIFIED VERTICALLY INNOVATION AND SOLUTION REVENUE STREAMS INTEGRATED TECHNICAL INGENUITY Highly c
Slide 31: Board
Board VIK BANSAL ADAM BLOOMER ABIGAIL CHEADLE ANDREW PETERS DR. JESSICA NORTH TIMOTHY MCGAVIN Non-Executive Managing Director Non-Executive Director Non-Executive Director Executive Director Non-Executive Director Chair and Founder and Audit & Risk and Chief and Chair of Committee Chair Sustainabili
Slide 32: LGI Limited
LGI LIMITED AUSTRALIA ABN. 49 138 085 551 57 Harvey Street North Eagle Farm 4009 QLD Clean energy & 07 3711 2225 carbon abatement enquiries@lgi.com.au www.lgi.com.au