Getech Group Plc · LSE:GTC
Getech — Investor Presentation (June 2024)
23 slides from Getech's investor presentation, June 2024
Slide 1: Increasing the Discovery Rates of Subsurface Resources
Increasing the Discovery Rates of Subsurface Resources Investor Presentation June 2024
Slide 2: Getech Group plc
Getech Group plc Getech is accelerating the clean energy future by locating the subsurface resources that are vital to the energy transition.
Slide 3: Our Clean Energy Future Needs More Discoveries
Our Clean Energy Future Needs More Discoveries Industry needs to discover more than twelve trillion dollars of new sub- surface resources for the energy transition to a low-carbon economy. Transitional Natural Critical Geothermal Carbon & Energy Petroleum Hydrogen Minerals Heat & Power Storage Trans
Slide 4: Delivered Through Globe
Delivered Through Globe Globe is our world leading geoscience data platform and advance AI analytics and workflows that are used by world leading exploration companies to accelerate and de- risk sub-surface exploration.
Slide 5: Getech Group
Getech Group Turning sub-surface exploration into a repeatable science with 4 ingredients: 01 02 03 04 Comprehensive Data Artificial Intelligence Geoscience Geoscience Expert Aggregation Workflows Consultancy Our proprietary AI and World’s largest Machine Learning Tools Industry workflows to Experie
Slide 6: Globe - Proprietary Digital Platform
Globe - Proprietary Digital Platform Earth’s digital subsurface twin with 400 million years of geoscience data Earth Data and Analytic Products and Services Raw Data: Gravity* Supercomputer: Plate and climatic Work- Geo- Geo- Magnetic* AI / ML Seismic modeling flow science spatial Earth Observation
Slide 7: Data-Led Exploration Using Advanced AI
Data-Led Exploration Using Advanced AI Globe Geoscience Data We answer the question: where are the optimal locations to secure Minerals Occurrence Database exploration licenses? Machine Learning (ML) Client Data algorithms search for A unique Digital Genome is created target mineral genome for targe
Slide 8: Exploration is a Scientific Problem R&D Partners
Exploration is a Scientific Problem R&D Partners The easy discoveries have already been made - technology is needed to accelerate the rate of discovery Long standing partnerships with Geophysics and Geology departments. Continuous Data Aggregation • Gravity & Magnetic Post-doc: High performance comp
Slide 9: Example 2023 Projects
Natural Hydrogen Critical Minerals: Copper Carbon Storage Identify hydrogen producing Identify and map prospective Identify best locations for carbon source rocks across a 250,000 locations of underground copper storage offshore UKCS to be km2 area in North America deposits across a c. 300,000km2 of
Slide 10: Business Strategy
sesitie — getech Business Strategy
Slide 11: Growth Market: Data-Led Exploration
Growth Market: Data-Led Exploration Tech/AI is disrupting the subsurface exploration market Investment Listed (AIM) VC (Seed) VC (Series-A) VC/PE (Series-B) Tech VC $3.4m $30m $245m * $195m * H2 2024 H2 2024 H1 2024 H2 2023 Global Data Set Partial Partial Regional Data AI Target Minerals Copper Copp
Slide 12: Customer Led Business Model
Customer Led Business Model Junior Explorer Explorer Global Explorer Junior (LSE/TSX/ASX) company. Has Mid-tier explorer that has technical Global explorer with full limited cash for data and services. But resources, access to projects but exploration skills; needs data have good local access and lo
Slide 13: Value Creation Journey
Value Creation Journey “Client Source” Projects Value Value Realisation Creation Organic Growth Cashflow Positive 2023 - Stabilise Sales & Account Business Exercise Company Management Development Options Focus the business on Expand sales team and Expand business Successful exploration its core acti
Slide 14: Financial Information
ee ——_— getech Financial Information
Slide 15: Business Highlights
Business Highlights Refocused on technology being applied to subsurface exploration • Management Change and Substantial Cost Reduction • New Board and senior management change • Closed H2Green Edinburgh Office - Reduced headcount across the group by 22% - Seeking development partners / exit for gree
Slide 16: Financial Information: YE 2023
Financial Information: YE 2023 6.0 Revenue (£m) 5.0 4.0 3.0 2.0 £4.0m Revenue ↓ 21 % 1.0 - 2020 2021 2022 2023 Operating Loss including (£5.0m) exceptionals of £1.5m ↑ 15 % 5.0 Orderbook (£m) 4.0 3.0 £4.6m Order Book 0% 2.0 1.0 - 2020 2021 2022 2023 £0.4m Cash ARR (£m) 3.0 £2.8m 2.5 ARR ↑ 17 % 2.0 1
Slide 17: Revenue vs. OPEX and Investment
Revenue vs. OPEX and Investment 5.0 4.0 3.0 2.0 1.0 - -1.0 -2.0 -3.0 -4.0 -5.0 -6.0 Petroleum Minerals Geothermal Other Revenue Getech H2 Green Exceptionals Loss
Slide 18: Restructuring Activity
Restructuring Activity H2 Green • Closed Edinburgh office • Made team redundant • Inverness Project - Transfer of MOU to strategic partner - Cancelled grant - Earnout of up to £600k at production • Shoreham Project - Completed pre-feasibility - Seeking strategic development partner Implemented Addit
Slide 19: Diversification of Revenue
Diversification of Revenue 2021 2022 2023 5% 2% 11% 15% 7% 23% 11% 66% 67% 93% Transitional Petroleum Critical Minerals Geothermal CSS + Other
Slide 20: Stable customer base & new exploration JV's
Stable customer base & new exploration JV’s Customers Top 10 All Globe (ARR) £198k / customer £55k / customer Retention Rate 100% 93% Ad-hoc Services £80k / customer £31k / customer Projects Status Participation Inverness (H2G) Exited Earn-out £600k Shoreham (H2G) Pre-Feed 100% East Star (Cu) Joint
Slide 21: Confident Business Outlook
Confident Business Outlook Current Trading • Benefit of the rationalisation actions in 2023 taking effect in full for 2024 • Good start to the year with first 4 months 17% ahead of the same period last year • ARR increased to £3.1m • £10.4m new business pipeline 2024 Business Objectives • Focus on i
Slide 22: Governance: Board of Directors
Governance: Board of Directors Getech Group Plc Elmete Hall Elmete Lane Leeds LS8 2LJ United Kingdom Michael Covington Emma Parker Alyson Levett Chairman INED INED T +441133222200 www.getech.com Listed on the London Stock Exchange: Ticker: GTC.L ISIN: GB00B0HZVP95 Richard Bennett Andrew Darbyshire C
Slide 23: Increasing the discovery rate of subsurface resources.
Increasing the discovery rate of subsurface resources. Thank you. Richard Bennett, CEO Getech Group Plc richard. bennett @getech. com Elmete Hall Elmete Lane Andrew Darbyshire, CFO Leeds LS8 2LJ andrew. darbyshire @getech. com United Kingdom Chris Jepps, COO T +441133222200 chris. jepps @getech. com