Slide 1: 2016 FY Results Presentation
2016 FY Results Presentation Scott McGregor, Chief Executive Officer Scott Laird, Finance Director 24th April 2017
Slide 2: 2016 FY Highlights & YTD
2016 FY Highlights & YTD redT 2016 • Market Seeding Programme completed – Gen 1 product rollout successful & key learnings transferred into Gen 2 development • Core Technology proven – Successfully tested at PNDC facility, first large containers connected • Gen 2 machine engineered to market leading
Slide 3: Key Achievements…
Key Achievements… 1 3 7 Contract signed with E.ON Core technology proven with SSE at 1st Gen 2 manufactured to PNDC site commercial price, $490/kWh 1st machines arrive in Partnership with Market Seeding Successful redT team grows by Africa Newcastle University complete Capital Raise 55% 2016 1 2 3 4
Slide 4: Sustainable Equity Value
Sustainable Equity Value Sustain Scale Firm Functional Gen 3 performing Price team Prove Gen 2 sales Market Seeding Differentiating programme IP (leading tech), complete Orderbook product, service. across defined products USP Credibility Gen 1 design Case-studies Gen 2 system Ambassadors delivered S
Slide 5: Commercial Update
Commercial Update Production & Deployment • University of Strathclyde • Thaba Eco Lodge • Jabil Inala • The Olde House • Equivalent to 9 x redT tank unit modules 2017 Orders • 1 x 10kW-75kWh • 1 x 60kW-300kWh • Equivalent to 5 x redT tank unit modules Letter of Intent • LOI signed with UK energy pro
Slide 6: Active Customer Pipeline
Active Customer Pipeline 98% Private Sector 1,500+ sales enquiries 100% Incoming Enquires Total Pipeline: ~€250 million ~350MWh 100+ Countries
Slide 7: FY 2016 Financials
FY 2016 Financials redi
Slide 8: FY 2016 Financial Highlights
FY 2016 Financial Highlights 2016 financials were in line with management expectations. The Company has a robust cash position and is fully funded, following the successful capital raise announced in December 2016. • €17.2m in available cash held as at 31 March 2017 • Loans and borrowings €Nil (2015
Slide 9: Income Statement
Income Statement Consolidated statement of comprehensive income For the year ended 31 December 2016 2016 2015 €'000 €'000 Continuing operations Revenue 10,829 11,106 Cost of sales (8,563) (6,267) Gross profit 2,266 4,839 Administrative expenses (7,519) (6,323) Share based payment (408) (17) Results
Slide 10: Balance Sheet
Balance Sheet Consolidated statement of financial position At 31 December 2016 2016 2015 2016 2015 €'000 €'000 €'000 €'000 Non-current assets Equity attributable to equity holders of the parent Property, plant and equipment 103 101 Share capital 4,679 4,098 Goodwill 8,167 8,167 Share premium 89,201
Slide 11: Cash Flow
Cash Flow Consolidated statement of cash flow For the year ended 31 December 2016 2016 2015 2016 2015 €'000 €'000 €'000 €'000 Cash flows from operating activities Cash flows from investing activities (Loss)/profit for the year (5,637) 670 Proceeds from disposal of discontinued operations - 731 Acqui
Slide 12: Segmental Analysis
Segmental Analysis Operating segments redT Camco Consolidated For the year ended 31 December 2016 2016 2015 2016 2015 2016 2015 €’000 €’000 €’000 €’000 €’000 €’000 Segment revenue 302 426 10,527 10,680 10,829 11,106 Segment gross margin (1,540) 256 3,806 4,583 2,266 4,839 Segment administrative expe
Slide 13: redT - 2017 next steps
redT - 2017 next steps • Focussed 2017 customer deployment, cautious ramp to ensure happy customers & validation of Gen 2 units • Build out functional teams; implementation, software, commercial, engineering • Gen 2 sales key segments & product differentiation • Orderbook for 2018 • Gen 3 stack and
Slide 14: Appendix
Appendix redi
Slide 15: Stationary Energy Storage Market
Stationary Energy Storage Market Vanadium Flow Machine market estimated at approx. $5.4 billion in potential revenue (Lux Research) Assumes developers can reach a target of $750 per kilowatt hour for a fully installed system.
Slide 16: Comparing Storage Technologies by Application
Comparing Storage Technologies by Application
Slide 17: Comparing Storage Technologies by Degradation
Comparing Storage Technologies by Degradation
Slide 18: Hybrid Energy Storage System
Hybrid Energy Storage System • Use flow machines plus PV for 80% of demand • Does not degrade so well suited to daily, heavy cycling Peaks: • Use power-focussed technology Power to cover short term spikes in Focussed Tech demand • Power focussed tech, more suitable for occasional usage Baseload: Ene