Aj Lucas Group Limited · ASX:AJL
Aj Lucas — Shareholder Meeting (November 2021)
19 slides from Aj Lucas's shareholder meeting presentation, Nov 11, 2021
Slide 1: AGM Presentation Financial Year 2021
AGM PRESENTATION For personal use only FINANCIAL YEAR 2021
Slide 2: Disclaimer
Disclaimer For personal use only This AGM presentation has been prepared by AJ Lucas Group Limited (“the Company”). Information in this AGM presentation is of a general nature only and should be read in conjunction with the Company’s other periodic and continuous disclosure announcements to the ASX,
Slide 3: Online Attendees – Audio Question Process
Online Attendees – Audio Question Process For personal use only 3
Slide 4: Online Attendees – Text Question Process
Online Attendees – Text Question Process For personal use only 4
Slide 5: Online Attendees – Voting Process
Online Attendees – Voting Process For personal use only 5
Slide 6: Introductions
Introductions For personal use only Andrew Purcell Brett Tredinnick Independent Director and Chairman Group CEO and Executive Director Austen Perrin Francis Egan Non-executive Director Executive Director, UK CEO • Chairman of the Audit and Risk Committee Julian Ball Director • Chairman of the Human
Slide 7: Agenda
AGENDA For personal use only Chairman's Address Group CEO Address – Brett Tredinnick Q&A Formal Business Agenda: 1. Receive and Consider financial statements and reports 2. Resolution 1: - Remuneration Report 3. Resolutions 2-3: - Director re-elections 7
Slide 8: Chairman’s Address – Andrew Purcell
Chairman’s Address – Andrew Purcell For personal use only • Successful measures to manage impact of COVID19 • Metallurgical coal price is a key driver of demand for our drilling services • Demand for Australian Metallurgical coal is expected to remain high despite Australia / China trade tensions 8
Slide 9: Chairman’s Address – Andrew Purcell
Chairman’s Address – Andrew Purcell For personal use only • Continue to engage with UK regulator • Energy transition to low carbon economies underway • Impacting on domestic and industry energy prices • Gas is acknowledged as a key transitional energy • UK Gas prices at record highs driven by demand
Slide 10: CEO Address - Brett Tredinnick
CEO Address - BRETT TREDINNICK For personal use only • Welcome • 2 Business Units • Group Financial Performance • Achievements • UK operations • Priorities for current year • Loyal workforce and customer base 10
Slide 11: Financial results - Highlights
Financial results - Highlights For personal use only Cash flows highlights • Improvement in cash from operating activities • Driven primarily by reduced finance costs • Cash generated from operating activities in FY21 was used to repay debt and invest in Australian operations Financial performance h
Slide 12: Achievements in Australian Operations
Achievements in Australian Operations For personal use only Traditional degasification of coal mines requires • Investing in people through multiple vertical wells and surface footprints. • Leadership development • Refinement and expansion of operational excellence program • High performing teams' p
Slide 13: UK Operations
UK Operations For personal use only • UK Government & Climate Change committee recognize that gas PEDL290 PEDL347 will be a key component of UK “net zero” target PEDL342 PEDL346 EXL269 PEDL288 PEDL165 PEDL287 • UK Govt moratorium on hydraulic fracturing in England announced PEDL276 in November 2019
Slide 14: Australian Operations outlook
Australian Operations outlook For personal use only • Metallurgical coal market is a key driver of our Australian Operations • Metallurgical coal is currently at record levels despite trade issues with China • Positive indictors underpin forecast • Queensland has some of the highest quality Metallur
Slide 15: Questions
For personal use only QUESTIONS AGM 2021
Slide 16: Formal Business: Receive and consider Directors and Financial reports
FORMAL BUSINESS For personal use only Receive and consider Item 1 Directors and Financial reports There is no vote on this item 16
Slide 17: Resolution 1: Adoption of Remuneration Report
FORMAL BUSINESS For personal use only Resolution 1: Item 2 Adoption of Remuneration Report PROXY VOTE TOTALS Vote Type No. Voted % Voted % of all securities For 834,242,026 97.65 69.74 Against 19,608,174 2.30 1.64 Open 478,251 0.05 0.04 Abstain / 17,399,662 n/a 1.45 excluded 17
Slide 18: Resolution 2: Re-election of Andrew Purcell
FORMAL BUSINESS For personal use only Resolution 2: Item 3 Re-election of Andrew Purcell PROXY VOTE TOTALS Vote Type No. Voted % Voted % of all securities For 867,550,638 99.79 72.52 Against 1,390,425 0.16 0.12 Open 478,251 0.05 0.04 Abstain / 2,308,799 n/a 0.19 excluded 18
Slide 19: Resolution 3: Re-election of Julian Ball
FORMAL BUSINESS For personal use only Resolution 3: Item 3 Re-election of Julian Ball PROXY VOTE TOTALS Vote Type No. Voted % Voted % of all securities For 867,550,313 99.79 72.52 Against 1,390,425 0.16 0.12 Open 478,251 0.05 0.04 Abstain / 2,309,124 n/a 0.19 excluded 19