Environmental Group Limited · ASX:EGL
Environmental — The Environmental Group — Shareholder Meeting (November 2016)
28 slides from Environmental's shareholder meeting presentation, Nov 24, 2016
Slide 1: Welcome to the Annual General Meeting
The Environmental Group Limited Welcome to the Annual General Meeting
Slide 2: Agenda
THE ENVIRONMENTAL GROUP LIMITED AGENDA QUORUM / OPEN MEETING CHAIRMAN'S WELCOME, INTRODUCTION OF BOARD MEMBERS NOTICE OF MEETING Ð TAKEN AS READ CHAIRMANÕS PRESENTATION CEO PRESENTATION BUSINESS Ð NOTICE OF MEETING ITEMS ¥ Financial Statements and Reports ¥ Resolutions ¥ Other Business
Slide 3: Board Composition
Board Composition ! David Cartney Non Executive Chairman Fellow of the Australian Institute of Company Directors Member of the Institute of Directors London 15 plus years as an independent & non-executive Chairman &Director Past chairman of an electrical contracting and electrical engineering group
Slide 4: Chairman's Presentation Group Overview
Chairman's Presentation Group Overview
Slide 5: AGM Chairman's Address
AGM ChairmanÕs Address ! Results ! EGL achieved an operating profit of $273k for the year to 30th June 2016, lower than the $805k for the previous year to 30th June 2015. ! And the Profit Before Tax also slipped to $48k from the $537k in the previous year. ! The lower profit than the previous year l
Slide 6: Group Overview
Group Overview ! Since the last AGM we have seen some strong changes in The Environmental Group (EGL). ! In the first half of FY 2016 the Board along with the then CEO Henk van Kruining completed a full assessment of both the Total Air Pollution Control (TAPC) and Baltec IES (Baltec)Õs markets and o
Slide 7: Group Overview Continued
Group Overview Continued ! After the CEOÕs departure Ellis Richardson stepped into the role of Managing Director to steer TAPC through the next stage of realignment and also to refocus Baltec. ! As outlined to the market in the April, September and November updates profit margins and risk profiles h
Slide 8: Group Overview Continued
Group Overview Continued ! This refocusing of projects in Baltec is reflected in the Statement of Profit or Loss and Comprehensive Income in a slight reduction in Revenue by $924,047 to $25,726,811 in 2016 ! This is accompanied by an increase in the Gross Profit by $671,467 to $6,002,828 due to wini
Slide 9: Group Overview Continued
Group Overview Continued ! New CEO ! As we moved into FY 2017, with the stability achieved through the Baltec operations and the improving TAPC business, the board commenced a search process for a new CEO to lead EGL into the next stage of growth. ! Several extremely well-qualified candidates where
Slide 10: Group Overview Continued
Group Overview Continued ! Growth: In the November ASX update, we indicated the flexibility that we should expect to gain from EGLÕs improving performance. ! This may allow for further investment in the GroupÕs growth in the medium to longer term and this will be fed into the strategic planning proc
Slide 11: Group Overview Continue
Group Overview Continue I would like to thank my fellow directors, the company secretary, executive and all employees for their significant efforts over the last 12 months and to shareholders for their ongoing support. We look forward to an improving period of profitability and growth in EGL over th
Slide 12: Future Outlook
Future Outlook ! Baltec ! Is now well placed with its order book and we expected it will continue to win good projects working with existing and new blue chip international customers ! We appreciate the support from our bankers and financiers that has enabled Baltec to confidently bid and win projec
Slide 13: Chief Executive Officers Review
Chief Executive Officers Review EGL has continued to improve, delivering excellence in safety, and delivering client outcomes, which has in turn seen new strategic relationships forge across our client base. The group has significantly progressed its revenue diversification strategy and repositioned
Slide 14: Looking forward
Looking forward ! Greater alignment between to the two operations, including further development of our gas and vapour project management team at our Melbourne facility ! Currently Developing our ability to leverage strategic relationships through shared premises and services and enhanced tendering
Slide 15: Executive focus for FY2017
Executive focus for FY2017 ! Return to profitability in the second half of the financial year ! Bedding down the structural changes implemented in the first quarter ! Developing an executive team that brings strength and experience in our key markets to build on the synergies and opportunities betwe
Slide 16: Total Air Pollution Control Pty Limited (TAPC)
Total Air Pollution Control Pty Limited (TAPC) ! As you may be aware our TAPC brand has underperformed over the past few years, however commitment by the board and management to re-structure has lead to a leaner and more effective business unit ! We continue to make ground in a number of areas, winn
Slide 17: TAPC performance
TAPC performance ! The hard work and commitment over the past year is now being recognised ! TAPC financial performance continues to improve, new projects and a leaner business has allowed the brand to reinvent its self in the market ! Successful tendering for new large and medium size contracts has
Slide 18: Ongoing Support for the Baltec Brand
Ongoing Support for the Baltec Brand ! The Board continue to invest in the executive team and remain focused on the Baltec business as a leading brand within the EGL group ! The Board recognises that the Integrated service offering across the national and international energy, and infrastructure ass
Slide 19: Approval of Items
Approval of Items
Slide 20: Agenda Items A
Agenda Items A Consideration of Reports Ð Annual Report for the Year Ended 30 June 2016
Slide 21: Agenda Items B
Agenda Items B Questions & Comments on management of the Company Ð Questions for auditor
Slide 22: Agenda Item C Items for Approval
Agenda Item C Items for Approval 1. Remuneration Report 2. Re-election of David Cartney
Slide 23: Resolution 1 Remuneration Report
Resolution 1 Remuneration Report That, the CompanyÕs Remuneration Report for the financial year ended 30 June 2016 (set out in the DirectorsÕ Report) be adopted.
Slide 24: Resolution 1 – Proxies
Resolution 1 Ð Proxies Totals For Against Open Total Exclusion Abstain Total5 1.#Remuneration#Report #######37,502,896 #######2,949,456 #############88,674 #######40,541,026 #######99,185,870 #######15,140 #######139,742,036 %5to5of5proxy's5excl5abstains 92.51% 7.28%
Slide 25: Resolution 2 Re-election of David Cartney
Resolution 2 Re-election of David Cartney That David Cartney, who was appointed as a Director of the Company in accordance with clause 19.3(f) of the CompanyÕs Constitution, retires in accordance with clause 19.3(a) of the CompanyÕs Constitution, and having offered himself for election and being eli
Slide 26: Resolution 2 - Proxies
Resolution 2 - Proxies Totals For Against Open Total Exclusion Abstain Total5 2.#Election#of#Mr#David#Cartney 131,272,741 8,328,338 88,674 139,689,753 0 52,283 139,742,036 %5to5of5proxy's5excl5abstains 94.04% 5.96%
Slide 27: Other Business
Other Business
Slide 28: Thank You for your attendance
Thank You for your attendance, we invite you to join us for some refreshments and an opportunity to speak with the Directors and senior management ! The Environmental Group Limited
The Environmental Group — Shareholder Meeting (November 2016) on 6ix