Slide 1: FY24 Financial Results and Key Achievements
FY24 Financial Results and Key Achievements Synertec Corporation Limited (ASX: SOP) Building a better tomorrow through technology development and smart engineering
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Synertec Corporation Limited (Synertec or the Company) on behalf of the Forward looking statements, forecasts and estimates, by their very nature, involve known and unknown risks and Company and its subsidiaries (the Group). are subject to uncertaint
Slide 3: About Synertec
About Synertec Synertec is an engineering-enabled Technology Company led by Powerhouse, the most advanced fully renewable microgrid system in the world. TECHNOLOGY ENGINEERING We design, develop and deliver Our multi-disciplinary technology that provides our expertise of over 140 partners with a pro
Slide 4: Highlights
FY24 Highlights $19.7m $21.0m $0.8m $20.4m Group Revenue & other Working capital EBITDA from our Total assets including income, up 26% on pcp available at as at 30 Engineering business 3 Powerhouse assets June 2024 2nd consecutive year of built under customer positive earnings and contract operating
Slide 5: From the Managing Director
From the Managing Director “Synertec’s technology and engineering strategy is starting to deliver early results with Group revenue of $19.7m, up 26% on the prior year and up 135% when compared to 2021. It is worth reflecting that the Powerhouse MOU with Santos was signed at the start of FY2022, mark
Slide 6: FY24 Operational Performance & Achievements: Powerhouse Technology
FY24 Operational Performance & Achievements POWERHOUSE TECHNOLOGY Powerhouse contributed $1.1m of revenue in FY24 ($0.2m FY23), reflecting full year successful operations for the assets contracted to Santos • R&D Income of $0.5m to offset $1.1m R&D spend for FY24 • Contracted revenue from multiple u
Slide 7: Powerhouse – Progress FY24 and Catalysts FY25+
Powerhouse – Progress FY24 and Catalysts FY25+ Powerhouse – Powerhouse – COMMERCIAL VALIDATION FUTURE CATALYSTS Field proven technology Secure appropriate funding structure(s) for future Long term performance exceptional Powerhouse roll out Commercial validation via Santos and the Further orders fro
Slide 8: FY24 Operational Performance & Achievements: Engineering Solutions
FY24 Operational Performance & Achievements ENGINEERING SOLUTIONS Continued to execute on our strategy of improving the quality of revenue and earnings from the Engineering business • Segment revenue of $21.2m • EBITDA of $0.8m • Positive operating cash-flow of $0.5m Recurring revenue from blue-chip
Slide 9: Financial Performance − A Track Record of Strong Revenue Growth
FY24 Financial Performance − A Track Record of Strong Revenue Growth • Total revenue & other income growth of 33% CAGR from FY21 to FY24 • Customer revenue from Powerhouse Technology of $1.1m • Continued to grow proportion of Engineering revenue from higher margin consultancy services Synertec Corpo
Slide 10: Profit & Loss Performance FY24
Profit & Loss Performance FY24 30 June 30 June Mvmt Increase in revenue driven by Achieved 33% CAGR from FY21 to 2024 2023 continued growth in customer FY24, growing the workforce ('000) ('000) ('000) demand with >90% of revenue across that same period by recurring from long-term loyal approximately
Slide 11: Balance Sheet Position as at 30 June 2024
Balance Sheet Position as at 30 June 2024 30 June 2024 30 June 2023 Mvmt ('000) ('000) ('000) Decrease in net cash primarily reflects capex self-funded for the Assets Cash and cash equivalents 6,419 10,654 (40%) development of Powerhouse units. Inventories 478 1,161 (59%) Future Powerhouse units wil
Slide 12: Cash Flows FY24
Cash Flows FY24 30 June 2024 30 June 2023 Mvmt ('000) ('000) ('000) Net $6.2m cash used in operations comprises of Cash used in operations (4,414) (3,212) 37% • Net positive cash inflow for Net R&D (828) (538) 54% Engineering business $0.5m Interest received 126 22 460% • Net cash outflows for Payme
Slide 13: FY25 Outlook
FY25 Outlook Focus on Safety and Wellbeing of The coming periods have solid foundations on which to grow and deliver employees and exceptional value for our shareholders. contractors Our strategy, and the investment by our shareholders over recent periods has accelerated both our technology and engi
Slide 14: Contact details and head office
Michael Carroll David Harris Managing Director | CEO Executive Director | CFO | Company Secretary M: +61 419 351 676 M: +61 434 408 668 E: michael.carroll@synertec.com.au E: david.harris@synertec.com.au Synertec Corporation Limited (ASX:SOP) | FY24 Financial 14 Update HEAD OFFICE Ground Floor, 2 - 6