Slide 1: Energy One Limited Financial Results, Year ending 30 June 2023
ENERGY ONE LIMITED (ASX:EOL) FINANCIAL RESULTS Year ending 30 June 2023
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. This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell or otherwise dispos
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 • Recurring revenue $39M (up 32%), ARR up 19% to $44M and underlying EBITDA (including Global Operations costs) up 28% • Capital
Slide 4: Financial Results Summary
FINANCIAL RESULTS SUMMARY ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY23 4
Slide 5: Results
RESULTS AUD (‘000) FY 2023 FY 2022 CHANGE Revenue 44,953 32,401 39% Recurring Revenue 39,152 29,480 33% Annual Recurring Revenue (ARR) 43,920 36,831 19% EBITDA* 11,978 9,376 28% NPBT* 5,358 5,427 (1%) * Normalised for acquisition and one-off costs (refer page 7) • ARR growth was all organic growth.
Slide 6: Underlying Profit Bridge
Underlying Profit Bridge 1. Existing and acquired business 0.6 (0.6) profitability utilised to: (0.7) • Fund debt used to finance purchase of CQ Acquisition (1.4) 3.4 • Invest in Global Operations initiative (1.3) • Support amortisation costs resulting from acquired businesses 2. Majority of debt wi
Slide 7: EBITDA & NPBT Normalisation reconciliation
EBITDA & NPBT Normalisation reconciliation AUD (‘000) H1 2023 H2 2023 $000 Acquisition costs 10 340 350 One-off acquisition valuation & Audit fees 186 15 201 Europe founder exit - restructure 198 344 542 Total Impact on EBITDA / NPBT 394 699 1,093 Global Operations Opex 481 840 1,321 • Acquisition c
Slide 8: Balance Sheet Management
Balance Sheet Management 30 June 30 June Variance fav / (unfav) 2023 2022 $m $m $m % Assets Cash and cash equivalents 1.0 3.3 (2.3) (70%) Trade and other receivables 7.4 4.9 2.5 50% • Receivables build reflects significant project activity Property, plant and equipment 0.5 0.4 0.1 26% Lease right-of
Slide 9: Revenue Growth Continues Strongly
REVENUE GROWTH CONTINUES STRONGLY Revenue - Recurring / Non-Recurring (#039;000) • Project revenue recovered to long term patterns and includes CQ Broker / advisory 5.6 • 5-year CAGR of 38% Recurring 2.7 Revenue growth 4.9 • Organic ARR grew by 19% for 4.6 39.1 the year 4.5 29.5 22.8 • Strong pipeline
Slide 10: EBITDA Growth – 32% CAGR
EBITDA Growth – 32% CAGR 14.0 50% • The business has been impacted by a number of acquisition related 12.0 45% one-off costs over the last four years including the current STG 10.0 40% proposal 8.0 • Businesses acquired in FY2022 35% (CQ & Egssis) contributed $5.0mil 6.0 in EBITDA 4.0 30% • Underlyi
Slide 11: Investment in Globalisation Project Affected EPS
INVESTMENT IN GLOBALISATION PROJECT AFFECTED EPS • Statutory EPS was 10.06 cps Underlying Earnings Per Share (EPS) (cents) • Underlying EPS of 13.05 is adjusted for one-offs (as per EBITDA and allowing for 3.38 expected tax impact) • Globalisation investment post tax amounted to 3.38 cps • EPS consi
Slide 12: Customers continue to stick and grow
Customers continue to stick and grow $mil • ARR has increased 116% since FY20 FY23 FY 22 FY 21 FY 20 • Churn is in line with FY2022. Typically driven ARR 43.9 36.8 28.9 20.3 by market exits/consolidation. Customer Installs 370 346 230 205 • GM% arises from recurring (~88% of total) and project reven
Slide 13: Summary
• Project revenues returned after market upheaval in FY23 • Strong organic recurring revenue growth • Reduction in debt including interest bearing net debt • The pipeline is good and interest is building • Exciting global opportunity and Energy One is ahead of others to realise need and supply solut
Slide 14: Cyber Incident Update
CYBER INCIDENT UPDATE • Investigations ongoing, confirm first activity was 11 August 2023. • We have no evidence of malicious activity on customer systems. • The attack is upon corporate systems. • Some personal and corporate information has been compromised. Analysis as to what was taken is underwa
Slide 15: STG Non-Binding Indicative Offer Received
STG NON-BINDING INDICATIVE OFFER RECEIVED • EOL receive fairly regular enquiries with respect to investment options including 100% ownership transfer. • Following receipt of NBIO, the Company engaged Rothschild & Co to facilitate a process where a select number of parties received access to informat
Slide 16: Energy One's vision to be the world's leading provider of wholesale energy software
ENERGY ONE’S VISION IS TO BE THE 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) : FULL YEAR RESULTS FY23 16
Slide 17: Questions?
Questions? ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY23 17
Slide 18: Enquiries
ENQUIRIES Mr Shaun Ankers – Group CEO and Managing Director enquiries@energyone.com 77 Pacific Highway North Sydney NSW 2060 +61 2 8916 2200 ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY23 18