Eenergy Group Plc · LSE:EAAS
Eenergy — H1 FY2024 Earnings Presentation
14 slides from Eenergy's earnings presentation, Sep 30, 2024
Slide 1: FY24 H2 Interims Investor Presentation
FY24 H2 Interims Investor Presentation. September 2024 1 30/09/2024 Copyright © 2024 eEnergy – all rights reserved.
Slide 2: Presentation team
Presentation team. Harvey Sinclair Crispin Goldsmith Chief Executive Officer Former Chief Financial Officer Harvey co-founded eLight in 2014 Crispin joined eEnergy in July 2020 and is now CEO of eEnergy Group. as Chief Strategy Officer, serving as He is a proven technology CFO since July 2022. Crisp
Slide 3: A leading energy services company, empowering organisations to achieve Net Zero
• A busy and productive six months with significant change across the Group. • Taken the opportunity to realign the Group, investing for long-term revenue and margin growth. • Restructuring has brought improved efficiencies delivering clear upward trend in pipeline and margins. • £5.2m solar contrac
Slide 4: Business Model
Business Model. Core Service Growth Pillar Value Add Services. Finance. Reduce Generate Charge Competitive, simple, carbon and costs. clean energy. reliably and safely. flexible and compliant financing: Achieving energy savings without financial and logistic Energy Reduction Energy Generation Servic
Slide 5: Our Market
Our Market. Market opportunity. Strong Long-term Growth Drivers. • New government is preparing to drive Net Zero Favourable Huge appetite and a more actively as one of its levers for growth. government policy shortened sales cycle • Substantial market opportunity as shown by two and regulation. for
Slide 6: Routes to Market
Routes to Market. Consultative Direct Sales Team. Simplified Public Sector • Regional sales team working consultatively with inbound sales leads for: Procurement Process. • Education | Healthcare | Public Sector | Requirement Definition. Commercial and Industry • Direct sales bolstered by channel pa
Slide 7: H1 Transformation Highlights
H1 Transformation Highlights. Disposal of Energy Management Division Development and implementation of system transformed the Group’s Balance Sheet. infrastructure to enable company to scale: • Integrated Finance ERP system (NetSuite) • Bespoke Operations and CRM platform As a result, business restr
Slide 8: H1 24 Financial Summary
H1 24 Financial Summary. • Challenging H1 results impacted by constrained balance sheet and weak market conditions. • Core Revenue(1) of £6.0m, down from £11.0m(2) for H1 23. • £14.6m of contract value signed (up 11% from £13.2m(2) for H1 23). • Core Adjusted EBITDA(1) loss of £(2.0)m, down from £0.
Slide 9: H1 FY24 Financial Highlights
H1 FY24 Financial Highlights. Core Revenue1 £m Core Adjusted EBITDA1 £m £6.0m Down 45% (pro forma2 H1 FY23 : £11.0m) £(2.0)m (pro forma2 H1 FY23 : £0.5m) FY24 H1 6.0 (2.0) FY23 H1 Forward Order Book £m FY23 H1 11.0 FY22 H1 0.5 £15.0m Up 72% (pro forma2 Jun 2023 : £8.7m) FY24 15.0 Loss Before Tax £m
Slide 10: Year to go outlook
Year to go outlook. • H1 Strong sales demonstrated market recovery. • Strong Q3 expected with record quarterly revenue forecasted of c. £9.2m. • Over 60% of forecast Q4 24 revenue already contracted. • Advance legal or contracted weighted pipeline of c. £3-£4m. • Maintaining full year revenue guidan
Slide 11: Summary and outlook
Summary and outlook. Market. Financing. • Race to 2030, an explosive market • Leverage of financing capabilities, opportunity over the next six years. including NatWest. • Strong and accelerating pipeline. Competition. Operational Platform. • Lack of competition due to high barriers to • Continue to
Slide 12: Our customers save money by:
Our customers save money by: Using less. Using greener. Using smarter. Funding Partner 14 30/09/2024 Copyright © 2024 eEnergy – all rights reserved.
Slide 13: Questions
Questions. 15 30/09/2024 Copyright © 2024 eEnergy – all rights reserved.
Slide 14: Disclaimer
Disclaimer. Some statements contained in this presentation or in documents referred to in it are or may be forward-looking statements. Actual results may differ from those expressed in such statements, depending on a variety of factors. Past performance of eEnergy Group plc or its shares is not a gu