Good Energy — H1 2019 Earnings Presentation
17 slides from Good Energy's earnings presentation, Oct 8, 2019
Slide 1: Good Energy Group plc 2019 Interim results
good energy group plc 2019 Interim results for the period to 30 June 2019 October 2019
Slide 2: Disclaimer
Disclaimer disclaimer The content of this document has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this document for the purpose of engaging in any investment activity may expose an individual to a significant risk of losin
Slide 3: Agenda
Agenda agenda Highlights & Financial Strategy & performance performance beyond Juliet Davenport, Rupert Sanderson, Juliet Davenport, CEO FD CEO Good Energy ©2018 – Private & confidential 3 08 October 2019
Slide 4: 2019 key performance indicators
Highlights 2019 key performance indicators Good Energy ©2018 – Private & confidential 4 08 October 2019
Slide 5: 2019 focus – progress so far
Highlights OR Operational performance? 2019 focus – progress so far Good Energy ©2018 – Private & confidential 5 08 October 2019
Slide 6: Financial highlights
Financial performance financial highlights Income statement H1 2019 H1 2019 H1 2018 % change Revenue H1 2019 Year end £000s continued discontinued reported continued continued - Increased business supply operations operations operations operations volume growth, pricing, offset Revenue 63,544 0 63,5
Slide 7: Cashflow
Financial performance cashflow - Cash generative business model - £3.1m cash generated from operations - £4.6m of debt repaid in the period excluding impact of IFRS16 - Adverse working capital movement includes ROCs related phasing impact and usual seasonal trend. - Repayment of GE Bond 1 of £3.6m i
Slide 8: Funding & debt
Financial performance funding & debt - Net debt reduction of 21.4% to £40.4m following strong operational cash generation and first time inclusion of £4.4m IFRS debt impact - Good Energy Bond I fully redeemed - £3.6m repaid in June 2019 - Gearing ratio decreased to 66.6% from 72.8% in H1 2019 - mind
Slide 9: Financial outlook
Financial performance financial outlook Continued Financial Profits Progressive investment and weighted to dividend across the strategic first half policy business growth Good Energy ©2018 – Private & confidential 9 08 October 2019
Slide 10: Powering the choice of a cleaner, greener future together
Strategy update our purpose powering the choice Helping people to be part of the of a cleaner, greener solution to the climate crisis is the core of who we are. It remains central to future together our strategy today and into the future. Good Energy ©2018 – Private & confidential 10 08 October 2019
Slide 11: Our market
Strategy update our market The clean energy grid of the future will no supply share longer be a few large generators but millions energy energy of households and businesses generating, using and sharing their own power. Good Energy ©2018 – Private & confidential 11 08 October 2019
Slide 12: Our opportunity: share energy
Strategy update our opportunity This shift represents an opportunity for us. share share We are already pioneers in renewables and in self-generation (FIT, Smartgen, PPA). As energy energy these accelerate, we can lead. We need to step up and do that. Good Energy ©2018 – Private & confidential 12 08
Slide 13: Our journey
Strategy update our journey In the energy sharing future, we will no longer simply be selling energy, we will be selling the services that enable energy sharing. Our business already has a foothold in this future. Good Energy ©2018 – Private & confidential 13 08 October 2019
Slide 14: Our strengths
Strategy update our strengths Experts Our strengths are in our unique expertise and understanding of renewables, in our ability to leverage clean energy technologies, working with other businesses/partners to deliver value for customers. Our strategy needs to play to and build on these strengths. It
Slide 15: Our high level strategy on a page
Our high level strategy on a page powering the choice of a cleaner, greener future together We are, and We support Using our unique always have homes and expertise, we been, much businesses to create services more than an generate, use which maximise electricity and share their the value of clean su
Slide 16: Ways we are doing this over next 12 months
Examples of work to date ways we are doing this over next 12 months SMART Investing in B2B EV Mass scale Battery technology Zap – Map partnerships smart export technology project Good Energy ©2018 – Private & confidential 16 08 October 2019
Slide 17: Summary and outlook
Summary summary and outlook Solid returns Energy Strong Investing in with strong services business future growth cashflow transition growth opportunities generation and rollout Good Energy ©2018 – Private & confidential 17 08 October 2019