Vivopower Plc · NASDAQ:VIVO
Vivopower — VivoPower International — FY2022 Earnings Presentation
19 slides from Vivopower's earnings presentation, Aug 29, 2022
Slide 1: VW ©R© R
VW ©R© R ‘August 29, 2022
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking statements” relating to VivoPower International PLC ("VivoPower”) within the meaning ofthe Private Securities Litigation Reform Actof 1995, including, but not limited to, estimates relating to our future energy development andinvestment activiti
Slide 3: Executive Summary | Strategic progress but results affected by FX & lingering COVID-19 effects
Executive Summary | Strategic progress but results affected by FX & lingering COVID-19 effects Revenuedeclined dueto + Fullyearrevenue including discontinuedoperations decreased 7% year-on-year(y-0-yt0S37.6m. Thisis primary attibutableto Austraiasstrct {AUD/USD FXrated lingering COVID-18leckdowns, w
Slide 4: FY22 Overview | Significant strategic & operational progress despite COVID-19 disruptions
FY22 Overview | Significant strategic & operational progress despite COVID-19 disruptions Key achievements included securing definitive agreements with Toyota Australia, GHH, Bodiz & winning record levels of solar contracts ‘Announced uly August ‘September October December February May Jone Secured
Slide 5: FY2022 Key Objectives
FY2022 Key Objectives | Delivered on 13 out of 18 Objectives ooo Deliver e-LV orders Advance e-LV product Cement partnerships Grow Aevitas Expand SES pipeline Execute on ‘on schedule and on design, supply, and with TMCA and global business unit to and delivery corporate initiatives. budget ‘quality
Slide 6: VivoPower's Team | Recruitment for next phase of strategic execution
VivoPower’s Team | Recruitment for next phase of strategic execution Leadership Team HRStrategy a Orientate eadershipteamcapabiltiesto ‘operations, product, engineering, ‘assembly and microfactory Strengthensafety, quality, development ‘andtesting capabltiesinTembo Kevin Chin Saryatiner mein ‘Shon M
Slide 7: VivoPower's Impact | B Corp retained & global impact leadership recognised again
VivoPower’s Impact | B Corp retained & global impact leadership recognised again VivoPower hasretainedits 8 Corp Certification and ranked among the top impact companies globally for the 2™ year in arow Certified ©) Corporation Corporation accreditation achieved and maintained since 2018 Part ofa glo
Slide 8: Profit and Loss Summary for the Full-Year Ended June 30, 2022
Profit and Loss Summary for the Full-Year Ended June 30, 2022 Profit Loss (USS) 712022 _FY2021 Comments Revenue AesitasCritieal Power (nel Sela) 209224 erase de pire set COMD ekdownsn Astlacausng delta scheduled wors andefet of ALD estas Creal Power Services (dscontd) 152 164 Represents cvested busi
Slide 9: Profit and Loss Reconciliation from pre-divestiture basis to continuing operations
Profit and Loss Reconciliation from pre-divestiture basis to continuing operations Profit & Loss(Us$m) Total Group (pre-divestiture) _Discontinuedoperations __Continuingoperations Fv2022 Revenue 316 152 24 Gross profit 16 13 03 Gross profitexcluding Bluegrass COMD related costoveruns 35 43 22 Profit
Slide 10: Reconciliation of Adjusted (Underlying) EBITDA to IFRS Financial Measures
Reconciliation of Adjusted (Underlying) EBITDA to IFRS Financial Measures ForYearEnded Non-IFRS Financial Measures(USSm) June 30,2022 June 30,2021 Netloss (215) (0) Income taxerpense/ ered) en on Forsign exchange gsinsandlosses ar 2) Net inanceexpenselfincome) 39 25 Share-based compensation (non-cas
Slide 11: Reconciliation of Adjusted (Underlying) Earnings per Share to IFRS Financial Measures
Reconciliation of Adjusted (Underlying) Earnings per Share to IFRS Financial Measures For Year Ended Non-JFRS Financial Measures(USSm -except whereindicated otherwise) June 30,2022 ‘une30,2024, Net (oss)/profit forthe period 16) (6.0) Restructuring &other non-recurring costs 04 29 ‘Adjusted underlyi
Slide 12: Balance Sheet Summary as at June 30, 2022
Balance Sheet Summary as at June 30, 2022 Balance Sheet (USSm) 4une30,2022 _June30,2021_ Comments Projectinvestments 164 125 _$3.9m increase comprises intangibledevelopment costs of $0. in Care, $3.0m inTembo Other non-curent assets 32 40.0 Decrease of $6.m comprises $6.5m reclassificationof A Marti
Slide 13: Tembo | Significant progress, but deliveries hampered by supply chain & logistics
Tembo | Significant progress, but deliveries hampered by supply ch: & logi Tembo is VivoPower’s electric vehicle unit focused on off-road, ruggedised and customised applications + Tembois a Netherlands based, specialistbattey-electricandoffroad vehiclecompany that designs and builds ruggedized elect
Slide 14: Aevitas | Protracted Australian lockdowns impacted results, but outlook positive
Aevitas | Protracted Austra in lockdowns impacted results, but outlook posi ive ‘The Aevitas businessesin Australia deliver specialised, site-specific electrical and power generation solutions to optimise energy usage ‘As a June 30, 2022, Aevitas comprised the JA Martinand Kenshaw businesses, headqu
Slide 15: SES | Focus pivot to microgrids, Tembo EV and other industries
SES | Focus pivot to mi g Tembo EV) and other industries Vivo SES delivers sustainable energy solutions encompassing battery storage, microgrids, EV charging and battery recycling, ing (augmen ERI Focused on delivering full suite, holistic SESto industrial customers and BOER ctheclargeenergy users c
Slide 16: Caret | Incremental value created, with more to come from Inflation Reduction Act (USA)
Caret | Incremental value created, with more to come from Inflation Reduction Act (USA) Vivo Solar is now Caret Solar, comprising strategic solar development sites across the US suitable for Power-to-X applications Bus Diversified portfolio totalling 38 solar projects in9 states across the USwith ‘c
Slide 17: FY2023 Key Objectives | Execute on Scale-Up
FY2023 Key Objectives | Execute on Scale-Up Deliver Tembo eLV commitments onschedule +budget {o} “eS - Execute on Tembo imicrofactory 2 Expand Tembo addressable market Scale-up Aevitas solar, ‘expand capabilities & diversity customer base 6 Grow SESbusiness with new capabilities and partnerships Exe
Slide 18: Events Post Financial Year-End | Positive Momentum into FY2023
Events Post Financial Year-End | Positive Momentum into FY2023 sured 1,000 new kits of Tembo + Announcement of MOU with State Owned Enterprise (SOE) in Jordan to distribute 1,000 Tembo eLVs + Artic Truck LO! consensually placed on pause, given Tembo needs to focus on TMCA and other LandCruizer oppor
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