Energy Action Limited · ASX:EAX
Energy Action — Shareholder Meeting (February 2016)
37 slides from Energy Action's shareholder meeting presentation, Feb 11, 2016
Slide 1: 2015 Annual General Meeting
b g m 53 o> EnergyAction 2015 Annual General Meeting
Slide 2: Welcome & Introductions
Welcome & Introductions Dr Ronald Watts Chairman
Slide 3: Agenda
Agenda 1. Introduction of Board Members & Welcome 2. Chairman’s Address 3. CEO’s Address • Business Overview • FY15 Operational Performance and Financial Results • FY16 Operational Priorities and Outlook 4. Formal Business 3
Slide 4: Chairman’s Address
Chairman’s Address Dr Ronald Watts Chairman
Slide 5: CEO’s Address
CEO’s Address Mr Scott Wooldridge Chief Executive Officer
Slide 6: Business Overview
b g m 53 o> EnergyAction Business Overview
Slide 7: Energy Action
Energy Action Created the market for Proven track record of online reverse auctions Australia’s leading energy driving Innovation across for electricity – settled management technology a portfolio of software over $7 billion in total and services firm and service products and electricity contracts s
Slide 8: Our Mission
Our Mission “As the energy market experts, we are committed to bringing innovation to energy management, enabling our people to deliver positive environmental and financial outcomes for our clients through the best relationship management, analytics and data integrity” 8
Slide 9: Our Strategy: Create a Unique Market Position
Our Strategy: Create a Unique Market Position Intelligence Business Data Integrity & Completeness Fragmented Data One Off Trusted Engagement Actionable Customer Insight Partner 9
Slide 10: Energy Action Delivers Business Outcomes across the Energy Supply and Demand Lifecycle
Energy Action Delivers Business Outcomes across the Energy Supply and Demand Lifecycle 10
Slide 11: FY15 Operational Performance and Financial Results
FY15 Operational Performance and Financial Results
Slide 12: FY15 Key Operational Achievements
FY15 Key Operational Achievements • Acquired EnergyAdvice and integrated the management, operations and sales teams • Launched the Australian Energy Exchange for the Western Australian market • Launched the Client Portal to enhance the core Activ8 Gold service and provide the infrastructure for futu
Slide 13: FY15 Financial Performance Challenges
FY15 Financial Performance Challenges A number of operational challenges in FY15 impacted Operating Profit Significantly • Acquisition integration taking longer than anticipated Action: Focus on systems integration & realising restructuring benefits • Adverse margin mix due to lower high margin Cont
Slide 14: FY15 Financial Performance
FY15 Financial Performance Key Financial Metrics FY15 FY14 Revenue $32.1m $25.8m Operating NPAT $2.7m $4.5m Statutory NPAT $(2.1)m $3.5m Operating Cash Flow $5.9m $6.0m Future contracted revenue $75.8m $74.5m Earnings per share (operating) 10.37c 17.29c Dividend per share 3.65c 7.35c 14
Slide 15: FY16 Operational Priorities and Outlook
FY16 Operational Priorities and Outlook
Slide 16: FY16 Key Operational Priorities
FY16 Key Operational Priorities • Complete the integration of EnergyAdvice and Exergy with the migration to a single product suite and a single Energy Action brand • Q3 launch of Activ8 Platinum, providing access to real time data analytics for Energy Consumption and Costs, leveraging the Client Por
Slide 17: Market Conditions
Market Conditions • Mid tier market demand for Auction based procurement continues to grow with the number of successful Auctions in FY2015 increasing from 1400 to 1800 • Procurement Service solutions utilised by the top 400 Australian Energy Users are highly competitive reducing prices achieved for
Slide 18: Rising Energy Pricing
Rising Energy Pricing Energy Action Price Index 05/11/2014 - 05/11/2015 I I I I I 1 December 2015 February March April May July August September October November
Slide 19: FY16 Earnings Outlook
FY16 Earnings Outlook • Assuming normal trading conditions for the remainder of the trading year, Full year Operating NPAT1 is expected to be between $3.4m and $3.9m • Operating NPAT as per historical performance (excluding FY15) is expected to be weighted to H2 FY16 than H1 FY16 • Revenue from the
Slide 20: Further information
Further information Scott Wooldridge Chief Executive Officer 02 9633 6471 scott.wooldridge@energyaction.com.au Michael Fahey Chief Financial Officer 02 9633 6405 michael.fahey@energyaction.com.au 20
Slide 21: Formal Business
Formal Business Dr Ronald Watts Chairman
Slide 22: Procedural Matters
Procedural Matters • If there are any Shareholders who are eligible to vote who have not received their yellow voting card, please see a representative from Link Market Services at the registration desk. • Shareholders holding a red card are not eligible to vote but can speak at the meeting. • Visit
Slide 23: General Business
General Business • First Item of business: Consideration of the annual report, financial report, Directors report and Auditors report for the financial year ended 30 June 2015. • No questions for Ernst & Young were received. • Representatives from our audit review partner, Ernst & Young are in atten
Slide 24: General Business
General Business Formal Resolutions: • Resolutions 1, 2, 3, 4 and 5 are proposed as ordinary resolutions and will be approved if passed by more than 50% of votes cast by members entitled to vote on the resolution. • Voting on resolutions 2, 3, 4 and 5 will take place on a show of hands, with resolut
Slide 25: Resolutions
VAA by es ne nN EnergyActio Resolutions
Slide 26: Resolution 1
Resolution 1 “That for the purposes of Section 250R(2) of the Corporations Act 2001, and for all other purposes, approval is given for the adoption of the Remuneration Report for the year ended 30 June 2015.” Resolution 1 is an ordinary resolution, and will be approved if passed by more than 50% of
Slide 27: Resolution 1 - Proxies
Resolution 1 ‐ Proxies For Against Open Abstain No. of Shares 5,876,095 48,204 29,001 17,977 % of Total Directed Proxies 98.70% 0.81% 0.49% 27
Slide 28: Resolution 2
Resolution 2 “That Mr Paul Meehan, who retires by rotation and being eligible offers himself for re‐election, be re‐elected as a Director of the Company.” Resolution 2 is an ordinary resolution, and will be approved if passed by more than 50% of the votes cast by members entitled to vote on the reso
Slide 29: Resolution 2 - Proxies
Resolution 2 ‐ Proxies For Against Open Abstain No. of Shares 12,388,968 19,602 30,801 7,923 % of Total Directed Proxies 99.59% 0.16% 0.25% 29
Slide 30: Resolution 3
Resolution 3 “That Mr Murray Bleach, who retires by rotation and being eligible offers himself for re‐election, be re‐elected as a Director of the Company.” Resolution 3 is an ordinary resolution, and will be approved if passed by more than 50% of the votes cast by members entitled to vote on the re
Slide 31: Resolution 3 - Proxies
Resolution 3 ‐ Proxies For Against Open Abstain No. of Shares 12,388,968 19,602 30,801 7,923 % of Total Directed Proxies 99.59% 0.16% 0.25% 31
Slide 32: Resolution 4
Resolution 4 “That Mr Nitin Singhi, who having been appointed as a Director of the Company by the Board on 12 August 2015 in accordance with clause 45.1 of the Company’s constitution and who will hold office until the end of this meeting, be elected as a Director of the Company.” Resolution 4 is an
Slide 33: Resolution 4 - Proxies
Resolution 4 ‐ Proxies For Against Open Abstain No. of Shares 12,399,968 8,602 30,801 7,923 % of Total Directed Proxies 99,68% 0.07% 0.25% 33
Slide 34: Resolution 5
Resolution 5 “That Mr Mark de Kock, who having been appointed as a Director of the Company by the Board on 17 August 2015 in accordance with clause 45.1 of the Company’s constitution and who will hold office until the end of this meeting, be elected as a Director of the Company.” Resolution 5 is an
Slide 35: Resolution 5 - Proxies
Resolution 5 ‐ Proxies For Against Open Abstain No. of Shares 12,397,195 8,602 33,574 7,923 % of Total Directed Proxies 99.66% 0.07% 0.27% 35
Slide 36: Disclaimer
Disclaimer This presentation has been prepared by Energy Action Limited ABN: 90 137 363 636. This presentation is not intended as an offer or solicitation with respect to the purchase or sale of any security nor does it constitute an offer or solicitation in any jurisdiction in which such an offer o
Slide 37: Connect with us
Connect with us Twitter: @EnergyActionAUS LinkedIn: www.linkedin.com/company/energy‐action Email: info@energyaction.com.au Web: www.energyaction.com.au National number: 1300 553 551