Slide 1: H1 2023 Interim Results & Business Outlook
H1 2023 Interim Results & Business Outlook Investor Presentation & Roadshow
Slide 2: Board of Directors
Board of Directors Getech Group Plc www.getech.com Kitson House, Elmete Hall, Elmete Lane, Leeds LS8 2LJ, UK Michael Covington Dr Stuart Paton Emma Parker Chairman Designate INED INED Listed on the London Stock Exchange: Ticker: :GTC.L ISIN: GB00B0HZVP95 Richard Bennett Andrew Darbyshire Chris Jepps
Slide 3: The Energy Transition
The Energy Transition From fossil fuels to low-carbon and renewable energy Gas $1.1 Trillion Oil Global Investment in 2022 *BNEF
Slide 4: Finding Subsurface Resources Vital to the Energy Transition
Finding Subsurface Resources Vital to the Energy Transition
Slide 5: Energy Storage and Green Hydrogen
Energy Storage and Green Hydrogen (to be pursued through partnerships).
Slide 6: Globe | Proprietary Digital Platform
Globe | Proprietary Digital Platform 400 Million Years of Data Earth Data and Analytic Products and Services Raw Data: Gravity Supercomputer: Magnetic Plate and climatic Geo Geo AI ML Science Spatial Seismic modeling Earth Observation Computational Expert
Slide 7: Research and Development
Research and Development Continuous development of Globe geoscience platform 1. Acquire more data • Technical Geoscience Data • Earth Observation 2. Make relevant to a broader market • Oil and Gas • Unconventional Gas and Natural (white) Hydrogen • Carbon Storage / Energy Storage • Geothermal • Crit
Slide 8: Routes to Market
Routes to Market Explorers Decarbonisers Assets Energy, mining and clean Municipalities, and industrial Supporting decarbonisers to technology companies that are companies that need to reduce implement renewable heat and seeking projects to develop. Scope 1, 2 and 3 emissions. energy storage project
Slide 9: Revenue from Explorers
Revenue from Explorers Identify, de-risk and optimise geoenergy projects Geoscience • Data Subscription Products • Software Subscription Analytic • Geoscience Services Services • Geospatial Services • Asset Management Assets • Asset Participation
Slide 10: Revenue from Decarbonisers
Revenue from Decarbonisers Unlocking the subsurface potential to decarbonise at scale Global Screening • Geothermal • Carbon Capture and Storage • Critical Minerals • Green Hydrogen Feasibility • Economic Viability • Feasibility • Pre-FEED/FEED Continue to develop geothermal Implementation refence p
Slide 11: Asset Development / SPVs
Asset Development / SPVs New equity participation model; projects to be implemented with strategic partners H2 Green Project Origination • Port of Shoreham • Highlands Council • SGN Inverness Getech Geothermal Develop ment Finance • Provide Heat as a Service (HAAS) Getech Minerals • Locate and de-ri
Slide 12: Interim Results H1 2023
Interim Results H1 2023
Slide 13: Business Highlights
Business Highlights Getech: Moving to a pure focus on the subsurface • Strategic review of the business completed over the last 6 months, resulting in targeted objectives to: • Re-focus the Company on the core business of locating subsurface resources • Extend Globe’s capabilities to identify a wide
Slide 14: Financial Information
Financial Information £1.9m Revenue 2022: £2.7 million (£2.7m) Loss 2022: £0.7 million (£0.7m) Loss includes exceptional items, related to restructuring c. £2m Annualised costs removed from the business £4.4m Order Book 30 June 2022: £4.8 million £2.2m Cash (at 30 June. 2022) + Sale of Kitson House
Slide 15: Orderbook and ARR
Orderbook and ARR Orderbook • £4.4m at 30 June 2023 (Dec-22: £4.6m, Jun-22: £4.8m) • £1.4m revenue in H2 2023 • £1.5m revenue in 2024 • £1.5m revenue beyond 2024 Annualised Recurring Revenue • £2.6m at 30 June 2023 (Dec-22: £2.4m, Jun-22: £2.2m) • 1 new Globe customer in H1 • 5 new software customer
Slide 16: Outlook H2 2023
Outlook H2 2023
Slide 17: Strategic Goals
Strategic Goals Focus on technology and business growth within the energy transition sector Business Technology Explorers Decarbonisers Assets Cost control Increase data Fulfil orderbook and Launch products and New equity participation maintain revenue from services for model to create value Sell Ki
Slide 18: IR / Press Coverage
IR / Press Coverage Increased Marketing and PR Activity
Slide 19: Thank you.
Thank you. Richard Bennett, Executive Chairman. richard.bennett@getech.com