Energy One Limited · ASX:EOL
Energy One — H1 FY2024 Earnings Presentation
17 slides from Energy One's earnings presentation, Feb 1, 2024
Slide 1: Financial Results First Half FY2024
ENERGY ONE LIMITED (ASX:EOL) rsonal use only FINANCIAL RESULTS First Half FY2024
Slide 2: Disclaimer
Disclaimer This document has been prepared by Energy One Limited (EOL) and comprises written materials and slides for a presentation concerning EOL. rsonal use only This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell or
Slide 3: News and Highlights
NEWS AND HIGHLIGHTS The world of energy is evolving towards net zero and Energy One intends to be the leading and most capable supplier to the wholesale energy marketplace rsonal use only • Revenue growth strong 25.1mil - up 22% on prior comparative period (pcp). • Recurring revenue $22.6mil - up 23
Slide 4: Financial Results Summary
rsonal use only FINANCIAL RESULTS SUMMARY ENERGY ONE LIMITED (ASX:EOL) : HALF YEAR RESULTS : H1 FY24 4
Slide 5: Results
RESULTS AUD (‘mil) H1 2024 H1 2023 CHANGE $ CHANGE % Revenue 25.1 20.5 4.6 22% rsonal use only Recurring Revenue 22.6 18.4 4.2 23% Annual Recurring Revenue (ARR) 46.4 37.8 8.6 23% Statutory EBITDA 3.3 5.0 (1.7) (35%) Comparative EBITDA* 5.0 5.4 (0.4) (7%) NPBT (0.5) 1.8 (2.3) (128%) * Normalised for
Slide 6: Recurring Revenue Has Rebounded Strongly
RECURRING REVENUE HAS REBOUNDED STRONGLY Annual Recurring Revenue at constant currency AUD • Recurring revenue slowed in December 22 half however has rsonal use only recovered strongly in the last two halves back to historical levels • 25% CAGR since December 2021 • Strong growth in Europe in partic
Slide 7: Comparative Profit Bridge
Comparative Profit Bridge Variances at constant currency 690 (507) (512) rsonal use only (344) (212) Customer growth and Employee incentives, Internal systems (ERP, capitalisation, facility 394 3,228 CRM and Risk) costs and recruitment (2,419) (1,741) 1,773 (823) 426 (473) H1 2023 Adjusted for 2024
Slide 8: Non-recurring expenses in Half - comparative
Non-recurring expenses in Half 1 - comparative AUD (‘000) H1 2024 H1 2023 Var Inbound acquisition offer costs (one-off) 410 10 413 rsonal use only One-off acquisition costs - 186 (186) European founder exit/non-compete (ends 3/24) 298 198 100 Globalisation – restructuring/exits 784 - 784 Cyber incid
Slide 9: Restructuring Rationale and Benefits
Restructuring Rationale and Benefits • The Group has been progressively moving to a more integrated model over the last 18 months assisted by the work of the Globalisation project rsonal use only • The integrated model has seen the creation of functions that incorporate those of each of the business
Slide 10: Customers continue to stick and grow
Customers continue to stick and grow $mil H1 24 (12 FY23 H1 23 FY 22 FY 21 months) rsonal use only ARR 46.4 43.9 37.7 36.8 28.9 Customer Installs 377 370 358 346 230 Churn (loss/cancels) 3.3% 2.3% 3.3% 2.3% 2.9% Average LTV/Customer ($mil) 3.5 3.2 2.3 2.9 2.5 Net Revenue Retention 114% 107% 105% - -
Slide 11: Summary
• Strong revenue growth for the 12 months • Organic Annual Recurring Revenue growth up 23% rsonal use only • Restructuring and investment increased our costs in this half. • Return to profitability expected in second half • Exciting global opportunity and Energy One is ahead of others to realise nee
Slide 12: Energy One's Vision to Be the World's Leading Provider of Wholesale Energy Software
ENERGY ONE’S VISION IS TO BE THE rsonal use only WORLD’S LEADING PROVIDER OF WHOLESALE ENERGY SOFTWARE AND SERVICES SOLUTIONS STRONGLY POSITIONED TO PROVIDE TECHNOLGY SOLUTIONS FOR THE CARBON TRANSITION AND RENAWABLE ENERGY GROWTH. ENERGY ONE LIMITED (ASX:EOL) : HALF YEAR RESULTS : H1 FY24 12
Slide 13: Questions?
rsonal use only Questions? 13
Slide 14: Enquiries
ENQUIRIES Mr Shaun Ankers – Group CEO and Managing Director rsonal use only enquiries@energyone.com 77 Pacific Highway North Sydney NSW 2060 +61 2 8916 2200 14
Slide 15: Appendix
Appendix ersonal use only energyone ©
Slide 16: Comparative Profit & Loss
Comparative Profit & Loss 31-Dec-23 31-Dec-22 Variance fav / (unfav) $m $m $m % rsonal use only Recurring Revenue 22.6 18.4 4.2 23% Project & Other Operating Revenue 2.3 1.4 0.9 64% CQ Broker & Advisory 0.3 0.8 (0.5) (63%) Total Revenue 25.2 20.6 4.6 22% Operating Expenses (19.4) (14.7) (4.7) (32%)
Slide 17: Balance Sheet Management
Balance Sheet Management 31-Dec-23 30 June 2023 Variance fav / (unfav) $m $m $m % Assets • Net debt (borrowing – cash) has increased by rsonal use only Cash and cash equivalents 1.6 1.0 0.6 60% Trade and other receivables 7.5 7.4 0.1 1% $1.6mil through an equivalent reduction in Property, plant and