Energy Action Limited · ASX:EAX
Energy Action — Shareholder Meeting (November 2017)
36 slides from Energy Action's shareholder meeting presentation, Nov 15, 2017
Slide 1: 2017 Annual General Meeting ASX/Media Release
ASX/Media Release For immediate release For personal use only 15 November 2017 2017 Annual General Meeting ______________________________________________________________________________________________ Energy Action Limited (ASX: EAX) is today holding its 2017 Annual General Meeting commencing at 2.
Slide 2: Chairman's address: Introduction and 2017 results
Energy Action Limited Chairman’s address for Annual General Meeting to be held on Wednesday 15th November 2017 at 2.00pm For personal use only 1.1 Introduction We welcome the opportunity to update you in person on the business of the company. After the meeting closes, we invite you to join us for in
Slide 3: Progress against our Strategy
1.1 Progress against our Strategy Energy Action is in business to “help our clients understand and take control of their energy needs.” We have reviewed our strategy and distilled this into five key priorities. These are: For personal use only Reviewing and optimising the pricing of all our produc
Slide 4: Current energy market landscape
We are investing in our people via technical training and the creation of the inaugural Energy Action Leadership program, which will be run in November this year. Pleasingly, we have also seen improvements in our latest employee engagement survey, up For personal use only 14ppts since last year to
Slide 5: Opportunities, Conclusion and Acknowledgements
Energy Action will continue to explore further opportunities to help clients reduce their energy costs and also improve internal efficiencies. 1.4 Conclusion and Acknowledgements For personal use only Your Board is monitoring these changing energy market conditions and progressing with the implement
Slide 6: 2017 Annual General Meeting
For personal use only 2017 Annual General Meeting
Slide 7: Welcome & Introductions
For personal use only Welcome & Introductions Mr Murray Bleach Chairman
Slide 8: Agenda
Agenda For personal use only 1. Introduction of Board Members & Welcome 2. Chairman’s Address 3. CEO’s Address • Business Overview • FY17 Operational Performance and Financial Results • FY18 Operational Priorities and Outlook 4. Formal Business 3
Slide 9: Chairman's Address
For personal use only Chairman’s Address Mr Murry Bleach Chairman
Slide 10: CEO's Address
For personal use only CEO’s Address Mr Ivan Slavich Chief Executive Officer
Slide 11: Business Overview
For personal use only Business Overview
Slide 12: Our client value proposition
Our client value proposition “We help clients understand and take control of their energy needs” For personal use only • Procure the best energy deal for clients, in the current marketplace; • Manage client energy contracts, including account management, liaison with their retailer, validating their
Slide 13: Energy Action at a glance
ENERGY ACTION ATA GLANCE | -aeuwycs 150+ EMPLOYEES LEADING 5 POPPPATET ET coors ay ay Ay ay Ay services provider Co Ea 8 OFFICES DEDICATED TEAMS: © ASX = ratonwid capil Procurement Contract Management Y Account Management x Energy Efficiency Projects pangs 1 3 y (il Regulatory Experts of the nationa
Slide 14: Operating metrics
wet 4.21Wh ELECTRICITY procured/year 11PJ GAS VOLUME procured/year am | G 1500+ [t% G 1.2) gry 2.2 in annual electricity Fi Validation Procurement Events contracts closed avings managed/year - _— <S 350+ A ENERGY EFFICIENCY 4 150+ engagements/year ratings/year —_- TARIFF REVIEW = SAVINGS " LARGE SIT
Slide 15: Unrivalled depth of services across demand and supply sides
Unrivalled depth of services across both demand and supply sides Multiple options to deliver value to clients For personal use only
Slide 16: FY17 Operational Performance and Financial Results
For personal use only FY17 Operational Performance and Financial Results
Slide 17: FY17 Financial Performance
FY17 Financial Performance For personal use only Key Financial Metrics FY2017 FY2016 Revenue $32.96m $33.98m Statutory NPAT $1.77m ($0.45m) Operating NPAT $2.52m $3.52m Operating Cash Flow before interest, $3.6m $6.64m tax and significant items Earnings per share (Statutory) 6.83c (1.73)c Earnings p
Slide 18: Financial Highlights
Financial Highlights Improving performance in second half For personal use only Positives Challenges • Much improved second half • Decline in CMER revenues and sites performance in revenue, profits and under management cash flow – Loss of a large retail client as a result • Double digit growth in Pr
Slide 19: FY18 Operational Priorities and Outlook
For personal use only FY18 Operational Priorities and Outlook
Slide 20: Our top priorities for FY18
Our top priorities for FY18 Focus on improving customer service and sales & marketing effectiveness For personal use only EAX Strengths Key Priorities • Procurement market expertise • Gain market penetration via covering all market segments from improved sales & marketing SME’s to the largest energy
Slide 21: Energy Market Conditions
Energy Market Conditions For personal use only • Energy costs increases currently seen as the No1 issue confronting businesses; • The recently announced National Energy Guarantee (NEG) should assist clients to better manage reliability and process over the longer term, but lack of detail has actuall
Slide 22: FY18 Outlook
FY18 Outlook • Australian energy markets remain volatile and are likely to remain so for For personal use only some time, for the reasons outlined in the previous slide. • I was appointed as the Company’s new CEO in April 2017. A key priority since my appointment has been on raising the profile of t
Slide 23: Further information
Further information For personal use only Ivan Slavich Chief Executive Officer 02 9633 6476 ivan.slavich@energyaction.com.au Michael Fahey Chief Operating Officer 02 9633 6405 michael.fahey@energyaction.com.au 18
Slide 24: Formal Business
For personal use only Formal Business Mr Murray Bleach Chairman
Slide 25: Procedural Matters
Procedural Matters For personal use only • If there are any Shareholders who are eligible to vote who have not received their yellow voting card, please see a representative from Link Market Services at the registration desk. • Shareholders holding a red card are not eligible to vote but can speak a
Slide 26: General Business
General Business For personal use only • First Item of business: Consideration of the annual report, financial report, Directors report and Auditors report for the financial year ended 30 June 2017. • No questions for Ernst & Young were received prior to the meeting. • Representatives from our audit
Slide 27: General Business: Formal Resolutions
General Business For personal use only Formal Resolutions: • Resolutions 1, 2 and 3 are proposed as ordinary resolutions and will be approved if passed by more than 50% of votes cast by members entitled to vote on the resolution. • Voting on resolutions 2 and 3 will take place on a show of hands, wi
Slide 28: Resolutions
For personal use only Resolutions
Slide 29: Resolution 1: Remuneration Report
Resolution 1 For personal use only "That the Company’s Remuneration Report for the financial year ended 30 June 2017, as set out in the Directors’ Report, is adopted." Resolution 1 is an ordinary resolution, and will be approved if passed by more than 50% of the votes cast by members entitled to vot
Slide 30: Resolution - Proxies
Resolution 1 - Proxies For personal use only For Against Open Abstain No. of Shares 8,512,092 28,379 8,000 665,961 % of Total Directed Proxies 99.57% 0.33% 0.09% 25
Slide 31: Resolution 2: Election of John Mackay
Resolution 2 For personal use only “That Mr John Mackay, a Director of Energy Action Limited who retires in accordance with clause 45.2 of the Constitution, and being eligible for election, is elected as a Director of Energy Action Limited.” Resolution 2 is an ordinary resolution, and will be approv
Slide 32: Resolution - Proxies
Resolution 2 - Proxies For personal use only For Against Open Abstain No. of Shares 15,779,266 26,277 8,000 1,000 % of Total Directed Proxies 99.78% 0.17% 0.05% 27
Slide 33: Resolution 3: Re-election of Paul Meehan
Resolution 3 For personal use only "That Mr Paul Meehan, a Director of Energy Action Limited who retires in accordance with clause 46.2 of the Constitution, and being eligible for re- election, is re-elected as a Director of Energy Action Limited." Resolution 3 is an ordinary resolution, and will be
Slide 34: Resolution - Proxies
Resolution 3 - Proxies For personal use only For Against Open Abstain No. of Shares 15,492,202 313,341 8,000 1,000 % of Total Directed Proxies 97.97% 1.98% 0.05% 29
Slide 35: Disclaimer
Disclaimer This presentation has been prepared by Energy Action Limited ABN: 90 137 363 636. For personal use only 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 in
Slide 36: Connect with us
Connect with us For personal use only Twitter: @EnergyActionAUS LinkedIn: www.linkedin.com/company/energy-action Email: info@energyaction.com.au Web: www.energyaction.com.au National number: 1300 553 551