Janus Electric Holdings Limited · ASX:JNS
Janus Electric — Shareholder Meeting (November 2020)
11 slides from Janus Electric's shareholder meeting presentation, Nov 26, 2020
Slide 1: 2020 Annual General Meeting
2020 Annual General Meeting 26 November 2020
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by ReNu Energy Limited (ABN 55 095 006 090) and is general background information about ReNu Energy’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete.
Slide 3: Chairman's Introduction
Chairman’s Introduction Boyd White
Slide 4: CEO & Executive Director Presentation
CEO & Executive Director Presentation Greg Watson & Tim Scholefield
Slide 5: FY20 operational review
FY20 operational review Year of transition, change and renewed focus Sale of solar operations • Completed September 2019 for $5.775m • Enabled ReNu to repay all debt, continue operations and assess geothermal remediation options Cost structure reset, Board and management changes • Completed by the e
Slide 6: FY20 operational review (cont.)
FY20 operational review (cont.) Year of transition, change and renewed focus Executed the decision to divest the bioenergy assets • Adverse operating conditions were expected to continue into and beyond FY21 with a capital contribution needed to meet ongoing operational requirements • Board and mana
Slide 7: FY20 financial results
FY20 financial results Divestments and one-off restructuring costs influenced FY20 financial result EBITDA by business segment 2020 2019 Movement • EBITDA improvement from FY19 due $ $ $ to realisation of corporate cost Bioenergy* (4,179) (414,121) 409,942 reductions Solar* (11,152) (79,348) 68,196
Slide 8: Geothermal operations
Geothermal operations Progressing closeout of historical geothermal activities Progressed the abandonment of the 2 remaining geothermal wells during FY20 • Brought together a highly experienced team of experts from both licensees and external consultants to undertake a comprehensive review of Habane
Slide 9: Geothermal operations (cont.)
Geothermal operations (cont.) Progressing closeout of historical geothermal activities Forward plan - first half of CY21 • Abandon the wells • Undertake any monitoring (if required) as a condition of the abandonment • Rehabilitate the site including transfer of items no longer required • Surrender G
Slide 10: Looking Ahead
Looking Ahead Close out the remediation and transact a new project, corporate combination or acquisition • Abandon the 2 remaining geothermal wells and surrender GRL3 ✓ Program identified and costs estimated ✓ Long lead item procurement underway ✓ Submit well programs to Regulator ✓ Finalise commerc
Slide 11: Thank you Questions
ReNu ENERGY Thank you
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