Synertec Corporation Limited · ASX:SOP
Synertec — Shareholder Meeting (November 2024)
19 slides from Synertec's shareholder meeting presentation, Nov 28, 2024
Slide 1: 2024 Annual General Meeting
T +61 (0)3 9274 3000 Ground Floor Synertec Corporation Ltd info@synertec.com.au 2-6 Railway Parade, Camberwell ABN 37 161 803 032 www.synertec.com.au Victoria, 3124, AUSTRALIA www.synertec.com.au ASX Announcement 28 November 2024 Synertec Corporation Limited (ASX:SOP) 2024 Annual General Meeting Cha
Slide 2: Chair address – Mr. Dennis Lin
ASX Announcement 28 November 2024 2024 Annual General Meeting Chair address – Mr. Dennis Lin Dear Shareholders, On behalf of the Board of Directors, I would like to welcome you to the 2024 Annual General Meeting for Synertec Corporation Limited. This year has been one of significant achievements, st
Slide 3: Chair address: Capital Structure and Outlook
The Board's composition reflects our commitment to governance excellence and strategic leadership. Each member brings unique perspectives and experiences, enriching our decision-making process and guiding our company towards sustainable growth. We continue to prioritize diversity, equity, and inclus
Slide 4: About Synertec
About Synertec: Synertec Corporation Ltd (ASX: SOP) is a technology design and development growth company enabling a low carbon future through innovative technology solutions. Commercialising scalable, environmentally friendly and energy efficient technology for global markets in energy, critical in
Slide 5: AGM 2024 Managing Director's Presentation
AGM 2024 Managing Director’s Presentation
Slide 6: Disclaimer
Disclaimer This presentation has been prepared by Synertec Corporation Limited (Synertec or the Company) on behalf of estimates. These forward-looking statements, forecasts and estimates may include matters that are not the Company and its subsidiaries (the Group). historical facts, and they are bas
Slide 7: FY24 Financial and Operational Matrix
FY24 Financial and Operational Matrix $19.7m $20.9m $1.6 m 100+ Revenue and other Cash receipts from Powerhouse People across income, up 26% pcp customers, up 31% Revenue and Synertec Team on pcp Other Income up providing world- 68% pcp leading technology and engineering solutions 33% $21.0m $3.9m Z
Slide 8: Key Financials Update
Key Financials Update GROUP REVENUE GROWTH POWERHOUSE REVENUE GROWTH Engineering Revenue Powerhouse Revenue Powerhouse Revenue • First full financial year revenue from Powerhouse Technology ($1.6m) • Powerhouse revenue growth of 187% from Q3FY24 to Q1FY25 • Growing proportion of engineering revenue
Slide 9: Robust Financial Position
Robust Financial Position Total Cash Other Assets • Strong financial position provides capital flexibility to execute on growth • $8.5m cash balance as at end of Sep24 Powerhouse ready for • $3.5m drawdown on debt, further $11.5m available deployment in Brisbane • $5.4m of Powerhouse plant and equip
Slide 10: Powerhouse - Major Achievements
Powerhouse - Major Achievements 2 years of field performance data confirms greater than 99.9% availability IN ALL WEATHER CONDITIONS • Santos awards 2 more units in October 2023 – repeat customer • Construction of new units completed 2H FY24 – on time/budget • Deployed to the field 1H FY25 • Prototy
Slide 11: Powerhouse – Industry Engagement
Powerhouse – Industry Engagement Multiple “Factory Open Days” conducting live demonstrations of Powerhouse Attendees including: • Multiple Oil and Gas majors • Distributed National Service Providers (DNSP’s) • Mining Operators • Data Centre representatives • Stockbrokers and analysts • Financiers Sm
Slide 12: Powerhouse Sales Funnel
Powerhouse Sales Funnel TOTAL CUSTOMERS: 13 TOTAL UNITS: 1550 Synertec Corporation Limited (ASX:SOP) | Annual General Meeting - 2024 8
Slide 13: Powerhouse – Expanding Target Markets
Powerhouse – Expanding Target Markets Coal Seam Gas operators: Remote Communities • Working with 5 large energy operators with 11,000 wells • Multiple opportunities to provide reliable power to communities • Opportunity to provide power to a very large cattle station • Opportunity to provide power t
Slide 14: Engineering Business
Engineering Business Our strategy has been to develop strategic long-term partnerships with large organisations that operate in our target markets. Current strategic partnerships include: • APA - Broad engineering services panel agreement • Melbourne Water (15 year relationship) - Multi-year Operati
Slide 15: Engineering - Major Achievements
Engineering - Major Achievements The Synertec engineering team continued to be a partner of choice for our critical infrastructure clients with our projects contributing to the safety and security of communities around Australia. Significant project achievements for FY 24 included: • Our process and
Slide 16: Engineering Business
Engineering Business The Engineering business remains profitable, operating cash positive and with circa. $100m pipeline of opportunities: Growth initiatives include: • Expand Western Australian presence leveraging Water Corp panel to grow base of work in Water, Power and Gas, Future Energy • Pursue
Slide 17: ESG
ESG Environment • Targeting Net Zero by 2030. • Focusing on measuring and reducing Scope 1 and Scope 2 emissions. • Powerhouse Technology; Cutting emissions by 800 tonnes of CO2e annually at one site alone. Social • Committed to enhancing our social impact by increasing our spend with social enterpr
Slide 18: Managing Director's AGM Comments
Managing Director’s AGM Comments Our share price performance has been disappointing and this needs to acknowledged. The perceived lack of progress with regards to the commercialization of Powerhouse has had a profound impact on our share price. However, there has been significant progress, as eviden
Slide 19: About Synertec
For more information and all media enquiries, please contact: Mr. Michael Carroll Managing Director Phone: +61 (3) 9274 3000 Email: michael.carroll@synertec.com.au Michael Carroll This ASX announcement is authorised by the Directors of Synertec Corporation Limited (ASX: SOP). Managing Director About