Tpc Consolidated Limited · ASX:TPC
Tpc Consolidated — Shareholder Meeting (November 2022)
16 slides from Tpc Consolidated's shareholder meeting presentation, Nov 28, 2022
Slide 1: 2022 Annual General Meeting: Chairman's Address and Investor Presentation
ASX Announcement | 28 November 2022 TPC Consolidated Limited (ASX:TPC) 2022 Annual General Meeting For personal use only Chairman’s Address and Investor Presentation TPC Consolidated Limited (ASX:TPC) (the “Company”), the owner and operator of leading electricity and gas retailer CovaU (pronounced “
Slide 2: About TPC Consolidated
About TPC Consolidated TPC Consolidated Limited (ASX:TPC) owns and operates leading Australian-based electricity and gas retailer CovaU (pronounced “cover you”), which offers competitively priced products to household as well as business (Small Medium enterprises and Commercial and Industrial) custo
Slide 3: Chairman's Address for AGM
TPC Consolidated Limited (ASX:TPC) Chairman’s Address for AGM | 28th November 2022 Good morning ladies and gentlemen, fellow shareholders. For personal use only Welcome to the 2022 Annual General Meeting of TPC Consolidated Limited. My name is Greg McCann and I am the chair of the company. Despite a
Slide 4: Chairman's Address (continued): dividend and outlook
Thanks to these strong results, I am pleased that we were able to declare a fully franked final dividend of 10 cents per share for FY22. Looking ahead, we expect higher gas prices to persist while the war in Ukraine continues, presenting challenges not just to TPC but to all global energy retailers.
Slide 5: FY22 Annual General Meeting Investor Presentation
For personal use only TPC CONSOLIDATED LIMITED (ASX:TPC) F Y 2 0 2 2 A N N U A L G E N E R A L M E E T I N G I N V E S TO R P R E S E N TAT I O N NOVEMBER 2022
Slide 6: FY 2022 Achievements
For personal use only FY22 AGM PRESENTATION FY 2022 ACHIEVEMENTS
Slide 7: FY 2022 – financial highlights
FY 2022 – financial highlights Revenue grows, earnings maintained despite wholesale electricity pricing headwinds For personal use only Revenue EBITDA NPAT FY22 DPS $123.0m $9.1m $5.2m 13 cents (ff) Up 31% Up 44% Up 11% Down 28% Reflects continued Aided by strong Hedging activities 10¢/share final F
Slide 8: TPC's Financials: Profit and loss
TPC’s Financials Profit and loss For personal use only Commentary FY 2022 ($m) FY 2021 ($m) Change (%) Revenue 123.0 93.6 31.4 Gross Profit and Gain on sale of 27.8 22.2 25.4 derivatives EBITDA 9.1 6.3 44.3 Profit before tax 8.3 5.4 53.9 Net Profit for the year 5.2 4.7 11.2 Key Ratios EBIT Margin (%
Slide 9: FY 2022 Revenue by Segment
TPC’s Financials FY 2022 Revenue by Segment For personal use only • Total Revenues $123.0m Revenue Composition - $ Million Electricity, • Electricity: 72.1% of revenues 88.7 • Gas: 27.3% of revenues • Mobiles: 0.6% of revenues Mobiles, 0.7 Gas, 33.6 5
Slide 10: A robust balance sheet, with minimal gearing
TPC’s Financials A robust balance sheet, with minimal gearing For personal use only FY 2022 ($’000) FY 2021 ($’000) Cash and cash equivalents 5,265 7,026 Trade and other receivables 18,155 13,393 Bank deposits 5,297 3,197 Total Current Assets 80,380 28,423 Total Assets 81,237 31,790 Trade and other
Slide 11: Cash management
Cash management For personal use only FY 2022 FY 2021 Cash management ($’000) ($’000) ▪ Net cash used in Investing activities mainly included a Receipts from customers 130,960 105,037 $2m increase in bank deposit, representing credit support Net cash provided by operating 1,115 9,890 provided to AEM
Slide 12: Bad debts trend lower despite COVID-19 pandemic
Bad debts trend lower despite COVID-19 pandemic For personal use only FY 2022 FY 2021 Bad Debts Expenses $3,207,592 $2,686,105 Bad Debts Ratio 2.61% 2.87% Lower bad debts ratio in FY22 reflects: ▪ Customer credit quality controls ▪ Higher active collection activity 8
Slide 13: Growth Strategy & Outlook
For personal use only FY 2022 AGM PRESENTATION G R O W T H S T R AT E G Y & OUTLOOK
Slide 14: A focus on executing growth strategy
A focus on executing growth strategy Expansion will continue to have both organic and M&A components For personal use only • Electricity pricing volatility is expected to persist Sales growth in key markets More Develop • TPC plans to create new 100%-owned subsidiary Green investment & focussed on i
Slide 15: Investor Contact
For personal use only F Y 2 0 2 2 A N N U A L G E N E R A L M E E T I N G I N V E S TO R P R E S E N TAT I O N TPC CONSOLIDATED LIMITED (ASX:TPC) I N V E S TO R C O N TA C T Charles Huang, Chief Executive Officer Level 11, 201 Kent Street | Sydney, NSW, 2000 | Australia 1300 731 574 | info@tpc.com.a
Slide 16: Disclaimer
Disclaimer Company legal disclaimer For personal use only The material in this presentation is general background information about the activities of TPC Consolidated Limited and its subsidiaries, and is current at the date of this presentation, unless otherwise noted. It is information given in sum
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