Powerhouse Ventures Ltd. · ASX:PVL
Powerhouse Ventures — H1 FY2017 Earnings Presentation
29 slides from Powerhouse Ventures's earnings presentation, Feb 27, 2017
Slide 1: Powerhouse Ventures Limited 1H FY17 Results
For personal use only ASX Code: "PVL" Powerhouse Ventures Limited 1H FY17 Results “With unparalleled access to university-generated IP and sector experts embedded on-campus, our vision is to become Australasia’s leading IP commercialisation Company” 28 February 2017
Slide 2: Important Notice and Disclaimer
2 For personal use only Important Notice and Disclaimer The material in this presentation contains summary background information about the business To the full extent permitted by law, PVL disclaims any obligation or undertaking to release any of Powerhouse Ventures Limited (PVL) as at the date of
Slide 3: Powerhouse — at a glance
3 For personal use only Powerhouse — at a glance Corporate Share Price A$0.81 as of 22 February 2017 ASX Code PVL Powerhouse Ventures (ASX:PVL) Ordinary Shares 28,986,363 Daily Share Price & Trading Volume Market Capitalisation* A$23,478,950 PVL Share Price PVL Daily Trading Volume *as at 31 Decembe
Slide 4: Why invest in Powerhouse
4 For personal use only Why invest in Powerhouse (ASX Code: 'PVL') A unique opportunity: exposure to fast growth technology businesses at a stage typically available only to sophisticated investors in private funds — a balanced portfolio approach Established Portfolio Experienced Investment Team 23
Slide 5: 1H FY17 Highlights
5 For personal use only 1H FY17 Highlights ASX Successful IPO on ASX raising A$10.2m Successful IPO Several institutional investors welcomed on ASX raising A$10.2m to the register as part of the IPO High profile Australian director appointed 28 February 2017 2.3 Restructuring completed to ensure $ m
Slide 6: Commercialisation landscape
6 For personal use only Commercialisation landscape New Zealand Australia The New Zealand Government is strongly supportive of innovation In Australia, the Government has announced an innovation support Powerhouse enjoys unparalleled access to NZ universities package to support the 'Ideas' boom Powe
Slide 7: An actively managed, diversified portfolio
7 For personal use only An actively managed, diversified portfolio (as at 31 December 2016) Investment Portfolio Total Value $24.6 million Veritide $0.8m4% Mars $0.7m3% CropLogic $3.2m14.5% Fluent $0.9m4% SolarBright $1.0m5% Syft $1.3m5% Invert $4.1m18% ArcActive $1.5m7% Photonic $1.6m7% Motim $2.2m
Slide 8: An actively managed, diversified portfolio by stage and sector
8 For personal use only An actively managed, diversified portfolio (as at 31 December 2016) By Stage of Growth By Sector Pre-Seed $3.1m 12.6% Medical and Healthcare $2.1m 8.7% Agritech and Environmental $8.4m 34.1% Seed $5.7m 23.1% Information and Post-Seed $15.8m 64.3% Communication Technologies $3
Slide 9: Listed comparators
9 For personal use only Listed comparators While Powerhouse provides a unique investment opportunity within Australasia, public market funding of university IP is well established internationally. Major listed comparator companies provide compelling precedents for IP funding and commercialisation. B
Slide 10: IPO purpose and use of funds
10 For personal use only IPO purpose and use of funds Initial public offering — use of funds Broaden shareholder base Increase investments in existing Provide access to capital markets, portfolio companies adding financial flexibility, supporting Invest in newly identified New Zealand balance sheet
Slide 11: Reconciliation of underlying earnings with statutory profit
11 For personal use only Reconciliation of underlying earnings with statutory profit 1H17 Actual $m Statutory net profit/(loss) (0.335) Adjustments to net profit — IPO costs expensed 1.027 — ASX listing fees 0.105 — IPO-related staff bonuses 0.190 — Convertible note and other interest 0.134 — IPO br
Slide 12: Value movements 1H17
12 For personal use only Value movements 1H17 Net Assets Waterfall Analysis 1.0 0.2 1.0 3.9 3.2 1.4 1.2 0.4 0.7 30.8 19.7 FY16 Syft Fluent Photonic Taxation Cash Other IPO Trademark Other 1H17 Uplift Uplift Uplift write-back Investments Costs write-off Made Net Asset Movements
Slide 13: Movements in 1H17
13 For personal use only Movements in 1H17 Statement of Financial Position (all figures $'000) 30 June 16 31 Dec 16 Movement Cash 465 3,668 3,203 Receivables 1,689 3,498 1,809 Portfolio assets 20,663 24,563 3,900 Intangibles 186 22 (164) Other 224 9 (215) Total Assets 23,227 31,760 8,533 Trade and o
Slide 14: Powerhouse Executive assisting portfolio developments
14 For personal use only Powerhouse Executive assisting portfolio developments Company What we are working on... Avalia Investigating ASX IPO opportunity CropLogic US and other planned agronomy roll-ups, then ASX IPO 1H18 HydroWorks Concluding 2 large-scale projects (SEQWater and Melbourne Water — $
Slide 15: Priorities for 2017
15 Priorities for 2017 For personal use only Strategic portfolio review Working on value creation opportunities Focus on liquidity events within existing portfolio Support HydroWorks and CropLogic strategic pathways to IPO A potential medical technology listing in 2017/18 Increase University engagem
Slide 16: Outlook
16 Outlook For personal use only Powerhouse well-funded post IPO Prudent deployment of IPO funds into NZ and Australian opportunities Significant cost control focus Expect significant fair value growth in 2H FY17 stemming from milestone-based successes of investee companies Anticipating value creati
Slide 17: Thank you
Thank you For personal use only Contact details: Stephen Hampson Managing Director +64 27 227 9854 stephen.hampson@powerhouse-ventures.co.nz Paul Viney Executive Director CFO/Company Secretary +64 21 084 72029 paul.viney@powerhouse-ventures.co.nz Greg Slade Investor Relations greg@sladeir.com +61 48
Slide 18: Appendix
Powerhouse For personal use only Ventures Limited Appendix
Slide 19: Board of Directors
19 For personal use only Board of Directors John Hunter Rick Christie Stephen Hampson Dianne McCarthy Interim Chairman, Non-Executive Non-Executive Managing Director Non-Executive Independent Director Independent Director Non-Independent Director Independent Director John has extensive CFO, COO and
Slide 20: Management
20 For personal use only Management Stephen Hampson Andy Matheson Paul Viney Managing Director Chief Investment Officer Executive Director Chief Financial Officer Company Secretary Stephen's career has been dedicated Andy has held senior executive roles As a career finance and governance to transfor
Slide 21: Post-seed companies
21 Post-seed companies For personal use only ArcActive is developing a carbon fibre negative HydroWorks is a fast growing company operating Pharmaceutical companies currently spend ~US$1.5b electrode for lead acid batteries to improve fuel in the clean energy sector, specialising in the design, deve
Slide 22: Post-seed companies
22 Post-seed companies For personal use only The architecture and construction industry is going Volatile organic compounds (VOCs) are organic High-volume crop growers and processors through a rapid shift from 2D CAD (Computer Aided chemicals, many of which are dangerous to human have significant ch
Slide 23: Post-seed companies
23 Post-seed companies For personal use only Within the food-processing industry, food-safety is driven by eliminating bacterial contamination which can be harboured by cracks in industrial vessels such as tanks, dryers, silos. Historically these vessels have been serviced by scaffold or rope-based
Slide 24: Seed companies
24 Seed companies For personal use only The global mobile marketing sector is a high- SolarBright is positioned to capitalise on the LED and The food industry is driven by food-safety. Detection growth area that is seeing innovation as technology Solar LED lighting phenomena that are changing the of
Slide 25: Seed companies
25 Seed companies For personal use only Many industrial and commercial operations manage controlled environments, where variables such as temperature, humidity and air quality need to be maintained within specific limits and dangerous substances such as toxic gases need to be contained. Photonic Inn
Slide 26: Pre-seed companies
26 Pre-seed companies For personal use only AuramerBio is a custom sensor development Avalia lmmunotherapies' first vaccine product is a Increased industrial efficiency and tighter company. Its novel technologies allow accurate cancer vaccine to treat patients suffering from HPV environmental regula
Slide 27: Pre-seed companies
27 Pre-seed companies For personal use only Over 2 Billion people use English to communicate Hi-Aspect provides topical formulations using its Coatings that self clean, destroy bacteria and viruses on a regular basis every day. The negative impact of proprietary natural protein scaffolds to deliver
Slide 28: Pre-seed companies
28 Pre-seed companies For personal use only Mammography is the dominant method of breast A large number of patients present in Emergency Objective Acuity is a breakthrough digital health cancer screening in New Zealand. However, Departments (ED) each year with chest pain. One in company that achieve
Slide 29: Pre-seed companies
29 Pre-seed companies For personal use only Inhibit Coatings EdPotential delivers software-as-a-service products Ferronova is an Adelaide-headquartered medical The marine and aquaculture industries face significant based on advanced algorithms and data analysis device company, bringing together pate
Powerhouse Ventures — H1 FY2017 Earnings Presentation on 6ix