Energy Action Limited · ASX:EAX
Energy Action — Shareholder Meeting (November 2024)
19 slides from Energy Action's shareholder meeting presentation, Nov 21, 2024
Slide 1: CEO's Address - 2024 Annual General Meeting
We make energy easier, cleaner, and lower cost CEO’s Address 2024 Annual General Meeting Thursday, 21 November 2024 (SYDNEY): Address by Derek Myers, CEO and Executive Director of Energy Action Limited (the “Company” or “Energy Action”), at the Company’s 2024 Annual General Meeting (“AGM”). For pers
Slide 2: New CEO's vision for growth and service improvements
to their needs. This approach includes understanding and addressing our customers’ requirements, goals, risks, and challenges as they navigate their complex transition to zero carbon. We aim to build trust and foster respect by solving their problems through exceptional services, solutions, and advi
Slide 3: Navigating clients through uncertain energy markets
Through our Utilibox software platform, we successfully launched a carbon reporting feature designed to support NGERs and Scope 2 carbon reporting requirements, as well as other emerging regulatory compliance needs. AI-Driven Service Enhancements: We integrated AI tools into our operations, achiev
Slide 4: Post-financial year performance
repayments earlier in the year funded by operational free cash. Additionally, $0.8m in Directors’ Loans was converted into equity, improving the company’s balance sheet. While repaying loans, Energy Action was able to maintain a $1.4m cash balance at both the beginning and end of the fiscal year,
Slide 5: Energy Action 2024 November
For personal use only Energy Action 2024 AGM Presentation 21 November 2024
Slide 6: 2024 AGM Agenda
2 For personal use only 2024 AGM Agenda ► Our Services ► Wholesale electricity prices ► Financial performance ► Group financial results Energy Action | AGM 2024
Slide 7: Our services
3 Our services Our services are underpinned by Utilibox, which is an impressive software For personal use only platform which we continue to develop internally with our software team Energy consulting Service Value proposition services Procurement Our auction platform delivers lowest cost from inten
Slide 8: Wholesale electricity prices
4 Wholesale electricity prices Business retail electricity contract prices During the financial year, electricity prices are over 50% lower than the extreme highs caused by Ukraine war, but are still more than For personal use only double their pre-war levels. Source, Utillibox AEX price index is ba
Slide 9: Financial performance: Revenue performance
5 Financial performance Revenue performance Revenues have recovered over the last two years, For personal use only following earlier years’ slump Revenue recovery skewed to energy buying which reports revenues upfront for contracts averaging two year, but cash trails over contract duration Energy ma
Slide 10: Financial performance: Profits performance
6 Financial performance Profits performance For personal use only • Further cost reductions implemented in FY24 following on from previous years cuts • Further cost reductions in FY24, while building a new sales & marketing capability from scratch involving hiring 10 staff Interest expenses increase
Slide 11: Financial performance: Cash performance
7 Financial performance Cash performance For personal use only Cash receipts trail revenues by about 12 months on average (and sales activity by 18-24 months) FY24 payments lower than expenses due to accruals paid in Q1-FY25 Equity raised for loan repayments Accelerated CBA loan repayments in FY24 t
Slide 12: Financial performance: Sales Activity performance
8 Financial performance Sales Activity performance Over last three years (Cal-2021 to 2024) For personal use only Energy Action has been delivering growth 12% CAGR* over the last Sales order three years. TCV Growth Sales of energy management services convert to However, sales of auction services rep
Slide 13: 2024 AGM Agenda
9 For personal use only 2024 AGM Agenda ► Our Services ► Wholesale electricity prices ► Financial performance ► Group financial results Energy Action | AGM 2024
Slide 14: FY24 Financial Highlights
10 Group financial results FY24 Financial Highlights 1 REVENUE OPERATING NPAT OPERATING EBITDA OPERATING CASHFLOW For personal use only $11.43M $0.58M $1.8M $2.42M FY23 $11.44M FY23 ($0.21M) FY23 $0.90M FY23 $0.92M 380% IMPROVEMENT 99% IMPROVEMENT 163% IMPROVEMENT STATUTORY NPAT NET CASHFLOW NET DEB
Slide 15: Group financial results: Income statement FY24
11 Group financial results Income statement FY24 FY24 FY23 % Variance For personal use only Revenue 11,426,602 11,442,851 - Revenue of $11.4M OPEX - excl D&A 9,630,629 10,540,293 9% Energy Buying revenues declined by 1% coupled with a decline in Energy Management EBITDA 1,795,973 902,558 99% rev
Slide 16: Group financial results: Balance Sheet FY24
12 Group financial results FY24 FY23 Variance % Balance Sheet FY24 Cash and Cash Equivalents Trade and other receivables 1,447,286 1,567,501 1,397,164 1,221,605 4% 28% Other Assets 3,745,832 3,329,007 13% Total Non-Current Assets 3,687,931 3,680,689 - For personal use only Total Assets 10,448,550 9,
Slide 17: Group financial results: Cashflow FY24
13 Group financial results Cashflow FY24 Cash from Operating Activities For personal use only Receipts from customers consistent with prior period. FY24 FY23 Variance % Payments to suppliers reduced to prior year with efficiency in costs achieved. FY23 saw the FY22 R&D Net Cash provided by/(used in)
Slide 18: Disclaimer
14 Disclaimer For personal use only This presentation has been prepared by Energy Action Limited ABN: 90 137 363 636. This presentation is not intended as an offer or solicitation with respect to the purchase or sale of any security nor does it constitute an offer or solicitation in any jurisdiction
Slide 19: Find out more about how we can support your business
For personal use only Find out more about how we can support your business’ energy buying and management Visit energyaction.com.au or email us at info@energaction.com.au Communications by Energy Action Limited and its related bodies corporate (Energy Action) are subject to the terms of Energy Action