Hansen Technologies Limited · ASX:HSN
Hansen Technologies — Shareholder Meeting (November 2023)
32 slides from Hansen Technologies's shareholder meeting presentation, November 2023
Slide 1: Hansen 2023 AGM – Chairman Address and CEO Presentation
ASX / Media Release Hansen 2023 AGM – Chairman Address and CEO Presentation Today’s AGM address by Hansen Technologies Chairman – David Trude, and presentation by CEO – Graeme Taylor, are attached, along with the associated presentation slides. Further information about the virtual AGM, including th
Slide 2: Chairman’s address
ASX / Media Release Chairman’s address Introduction Good morning ladies and gentlemen. My name is David Trude and as Chairman, I welcome you to the 24th Annual General Meeting (AGM) of Hansen Technologies Limited. This is the fourth year our AGM is being held virtually, and we are very pleased to ha
Slide 3: FY23 overview
ASX / Media Release Shareholders participating online through the virtual meeting website that wish to ask a question, please click on the ‘Ask Question’ button, type your question, and click submit. Shareholders participating via the phone- line, if you wish to ask a question, please press STAR ONE
Slide 4: Market Performance
ASX / Media Release Market Performance You can see on page seven that since July 2020, Hansen has outperformed both the Small Ords & All Tech Index. Consistent free cash flow has delivered an improved return to shareholders with Earnings Per share up over 18% on a compound annual growth basis since
Slide 5: CEO’s Presentation
ASX / Media Release CEO’s Presentation Thank-you Chairman and good morning everyone. FY23 really has been a solid financial performance across all of our key metrics and on page nine I will discuss some of the key themes that occurred throughout the year. FY23 Key Themes Not only have we delivered s
Slide 6: Environment Social and Governance
ASX / Media Release Environment Social and Governance Moving to page 12. We are excited about how Hansen’s products and services are used by our customers for alternative energy systems such as solar, microgrids and electric vehicles. We see this as a potential positive for environmental impacts and
Slide 7: FY24 guidance
ASX / Media Release With nearly 4 months since our FY23 results, we remain confident of achieving our guidance of 5-7% organic revenue growth for FY24. Our expected organic growth in FY24 is anticipated to be particularly strong as we take advantage of and support the rapid changes in the energy and
Slide 8: Annual General Meeting 2023
ANNUAL GENERAL MEETING 2023 23 November 2023 © HANSEN
Slide 9: Important Notice
This presentation has been prepared by Hansen Technologies Limited (Hansen) IMPORTANT NOTICE Information contained in this presentation: • Is intended to be general background information only, Definitions: • 1H22 = six months ended 31 December 2021 and is not intended that it be relied upon as advi
Slide 10: CEO, Board of Directors & Company Secretary
CEO, BOARD OF DIRECTORS & COMPANY SECRETARY Outlined below are the Hansen Board of Directors and the Company Secretary. Details of each Director’s qualifications, experience and special responsibilities are set out in the 2023 Annual Report. Graeme Taylor David Trude Andrew Hansen Julia Chand David
Slide 11: Agenda
AGENDA • Chairman’s Address • CEO’s Presentation • FY24 Update • Formal Business 4 Ravi Chandra, NZ Senior Director, Software Delivery © HANSEN
Slide 12: Chairman’s Address
CHAIRMAN’S ADDRESS David Trude - Chairman © HANSEN
Slide 13: FY23 Financial Summary
FY23 FINANCIAL SUMMARY Revenue Underlying EBITDA1 NPAT2 $311.8m $99.5m $42.8m Down 0.8% vs FY22 Up 5.2% vs FY22 EBITDA Margin 31.9% Up 2.1% vs FY22 Basic EPS3 Dividend Net Debt5 21.1¢ 10.0¢ $0.4m Up 1.0% vs FY22 Flat on FY224 Net cash positive from July 2023 Notes: 1. FY23 underlying EBITDA excludes
Slide 14: Market Performance
MARKET PERFORMANCE Outperforming Small Ords & All Tech Index EPS Growth 250% up 18.0% (CAGR) since FY19 Consistent free cash flow has 225% delivered an improved return to shareholders over the same period 200% 175% Borrowing Levels 150% Down $131.5m since FY19 125% Net Debt effectively zero and read
Slide 15: Chief Executive Officer’s Presentation
CHIEF EXECUTIVE OFFICER’S PRESENTATION Graeme Taylor – CEO © HANSEN
Slide 16: FY23 Key Themes
FY23 KEY THEMES Strong FY23 organic revenue $78.8m of operating cash flow We delivered revenue growth of 5.2% - above the We are a strong stable and consistently cash upper end of our guidance & historical average generative business Several new logos & renewals won $53.8m returned to stakeholders O
Slide 17: Key Financial Metrics
KEY FINANCIAL METRICS Revenue ($M) Underlying EBITDA1 ($M) NPAT2 ($M) 21.0 21.0 18.3 311.8 301.4 296.5 286.7 100.3 99.5 99.2 42.8 41.9 85.7 39.0 231.3 25.8 63.1 21.5 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 • Revenue of $311.8m up 5.2% on FY22 • Underlying EBITDA ha
Slide 18: Key Financial Metrics
KEY FINANCIAL METRICS EPS1 (Cents) Net Debt2 ($M) DPS3 (Cents) 9.2 2 2 151.4 116.5 21.1 20.9 10 10 10 19.6 8 66.6 13.0 6 10.9 28.5 0.4 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 • EPS has increased 18.0% (CAGR) since FY19 • We are net cash positive from July 2023 • We
Slide 19: ESG
Derek Timbrell, UK Lead Software Developer ESG At Hansen sustainability spans not just our environmental footprint but also how we operate and support our people our customers and our communities. Independent experts and Hansen commenced assessments of our material Environment, Social & Governance (
Slide 20: FY23 ESG Highlights
Gustav Jensen, Denmark Delivery Manager, CCB-NB FY23 ESG HIGHLIGHTS ENVIRONMENTAL HIGHLIGHTS Hansen has already made great progress • Offset 100% of our Australian Operations GHG emissions. • against its ESG roadmap during FY24 • Australian electricity emissions reduced 12.6%. Australian Data Centre
Slide 21: FY24 Update
FY24 UPDATE Graeme Taylor – CEO © HANSEN
Slide 22: FY24 Updates and Announcements
NEW WINS & UPGRADES • Attained 'Ready For Open Digital Architecture (ODA)' status from TM Forum. • Completed multi-year Nordic energy retailer digital transformation with Hansen CIS SaaS. • Several significant customer extensions completed. • Large North American customer upgrade to Hansen Provision
Slide 23: FY24 Guidance
FY24 GUIDANCE ORGANIC REVENUE UNDERLYING R&D % OF REVENUE GROWTH EBITDA MARGIN 5-7% +30% 5-7% Our year ahead is particularly We take a customer first Our expected FY24 EBITDA strong with organic revenue approach and manage our R&D margin remains above 30% and growth reflecting our ongoing carefully,
Slide 24: Formal Business
FORMAL BUSINESS Shareholder Resolutions © HANSEN
Slide 25: Consideration of Accounts and Reports
CONSIDERATION OF ACCOUNTS AND REPORTS To table the financial report of the Company and its controlled entities and the related reports of the Directors and Auditors for the year ended 30 June 2023 and to provide members with the opportunity to raise any issues or ask any questions generally of the D
Slide 26: Resolution 1: Adoption of Directors’ Remuneration Report
RESOLUTION 1: ADOPTION OF DIRECTORS’ REMUNERATION REPORT In accordance with the requirements of the Corporations Act, adopt the Remuneration Report for the year ended 30 June 2023 as it appears in the Directors’ Report within the Annual Report 2023. Proxy Votes received FOR OPEN1 AGAINST ABSTAIN 59,
Slide 27: Resolution 2: Re-election of Mr David Trude
RESOLUTION 2: RE-ELECTION OF MR DAVID TRUDE That Mr David Trude, a Director retiring in accordance with the Company’s Constitution and being eligible and having signified his candidature for Office, be and is hereby re-elected a Director of the Company. Proxy Votes received FOR OPEN1 AGAINST ABSTAIN
Slide 28: Resolution 3: Re-election of Mr David Howell
RESOLUTION 3: RE-ELECTION OF MR DAVID HOWELL That Mr David Howell, a Director retiring in accordance with the Company’s Constitution and being eligible and having signified his candidature for Office, be and is hereby re-elected a Director of the Company. Proxy Votes received FOR OPEN1 AGAINST ABSTA
Slide 29: Resolution 4: Re-election of Mr Don Rankin
RESOLUTION 4: RE-ELECTION OF MR DON RANKIN That Mr Don Rankin, a Director retiring in accordance with the Company’s Constitution and being eligible and having signified his candidature for Office, be and is hereby re-elected a Director of the Company. Proxy Votes received FOR OPEN1 AGAINST ABSTAIN 1
Slide 30: Resolution 5: Grant of Performance Rights to Managing Director
RESOLUTION 5: GRANT OF PERFORMANCE RIGHTS TO MANAGING DIRECTOR MR ANDREW HANSEN FOR FINANCIAL YEAR ENDING 30 JUNE 2024 That for the purposes of Listing Rule 10.14 and for all other purposes, Shareholders approve the grant of 142,631 Performance Rights to Mr Andrew Hansen under the Hansen Technologie
Slide 31: Resolution 6: Non-Executive Directors’ Remuneration
RESOLUTION 6: NON-EXECUTIVE DIRECTORS’ REMUNERATION That for the purposes of Listing Rule 10.17 the maximum aggregate amount of remuneration to be paid to all non-executive Directors in any financial year be increased from $780,000 to $860,000 per annum. Proxy Votes received FOR OPEN1 AGAINST ABSTAI
Slide 32: Close
CLOSE © HANSEN
Hansen Technologies — Shareholder Meeting (November 2023) on 6ix