Slide 1: FY17 Results
For personal use only ASX Code: "PVL" Powerhouse Ventures Limited FY17 Results “Our vision is to become Australasia’s leading IP commercialisation company” 30 September 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 3 3 For personal use only Powerhouse Powerhouse Powerhouse— —at ataataglance — aglance glance Corporate Share Price A$0.34 as at 30 September 2017 Corporate Corporate Share Share PricePrice A$0.34 A$0.34 ASX Code PVL as at 30 as at September 30 September 2017 2017 ASXASX CodeCode PVL PVL Powerhous
Slide 4: Summary Overview
4 For personal use only Summary Overview 2016/17 has been a year of significant change for Powerhouse 12 October 2016 IPO raising A$10.2 million Board changes – Mr Kerry McDonald resigned as Chairman on 27 January 2017 – Interim Chairman appointments – Mr Russell Yardley appointed a Director on 28 F
Slide 5: Commercialisation landscape
5 For personal use only Commercialisation landscape New Zealand Australia The New Zealand Government is strongly supportive of innovation In Australia, the Government is pursuing an innovation Powerhouse enjoys unparalleled access to NZ universities and 'ideas' boom Powerhouse is by far the largest
Slide 6: An actively managed, diversified portfolio
6 For personal use only An actively managed, Valuations have been externally reviewed Independent review of valuation diversified portfolio methodologies completed Valuations are at cost, price of recent third party investment, or written down value (as at 30 June 2017) Investment Portfolio Total Va
Slide 7: An actively managed, diversified portfolio (by stage and sector)
7 For personal use only An actively managed, diversified portfolio (as at 30 June 2017) By Stage of Growth By Sector Pre-Seed $2.6m15% Medical and Healthcare $3.0m17% Seed $4.5m25% Agritech and Environmental $8.5m 49% Post-Seed $10.4m60% Information & Communication Technologies $1.8m10% Cleantech an
Slide 8: FY17 Results Summary
8 For personal use only FY17 Results Summary Statutory loss after tax of NZ$(11.2)m primarily due to Hydroworks write down NZ$7.7m and provision of NZ$0.5m Revenues fall by $8.9m to NZ$(0.9)m against previous corresponding period (PCP) primarily due to Hydroworks write down. Other prudent write do
Slide 9: Value movements FY17
9 For personal use only Value movements FY17 Net Assets Waterfall Analysis 1.4 (1.0) (26.6) (1.7) (9.3) (0.7) 106.3 68.3 HY16 Other Loss on Hydroworks Hydroworks Other Other FY17 Uplifts disposal writedowns provisions portfolio changes in of Syft writedowns net assets NZ$m 30.8 0.4 (0.3) (7.7) (0.5)
Slide 10: Reconciliation of underlying earnings with statutory profit
10 For personal use only Reconciliation of underlying earnings with statutory profit FY17 Actual $m Statutory net profit/(loss) (11.2) Adjustments to net profit — Hydroworks writedown 7.7 — Other portfolio writedowns 2.7 — Provision for potential claim 0.5 — Direct IPO costs (per audited accounts) 0
Slide 11: Movements in FY17 Statement of Financial Position
11 For personal use only Movements in FY17 Statement of Financial Position (all figures #039;000) 30 June 16 30 June 17 Movement Cash 465 1,320 855 Receivables 1,689 1,974 285 Portfolio assets 20,663 17,772 (2,891) Intangibles 186 13 (173) Other 224 28 (196) Total Assets 23,227 21,107 (2,120) Trade and
Slide 12: Pathway to Restoring Shareholder Value
12 For personal use only Pathway to Restoring Shareholder Value Executive team restructured and reduced Operating costs reduced Board reduced in size from 7 Directors to 5 Further refinements in operating model underway Partial sale of Invert Robotics stake at 58% IRR and 5x return Strong focus on ‘
Slide 13: Outlook
13 For personal use only Outlook Strong return to profitability in 1HFY18 NZ$0.25m profit from partial sale of Invert Robotics at 58% IRR, yielding NZ$0.8m cash Anticipate ‘off model’ investment realisations Anticipate NTA per share uplift in 1HFY18 Significant cost control focus No plans to raise a
Slide 14: Thank you
Thank you For personal use only Contact details: Russell Yardley Chairman +61 418 586 364 +64 27 573 5144 russell.yardley@powerhouse-ventures.co.nz Paul Viney Chief Executive Officer +64 21 084 72029 paul.viney@powerhouse-ventures.co.nz Greg Slade Investor Relations greg@sladeir.com +61 48 891 7882
Slide 15: Appendix
Powerhouse For personal use only Ventures Limited Appendix
Slide 16: Board of Directors
16 For personal use only Board of Directors Russell Yardley Rick Christie Chairman Non-Executive Non-Executive Independent Director Independent Director Rick is a professional Director and Chairman with experience in both the public and private sectors. Russell is Chairman of ASX listed Tesserent Hi
Slide 17: Management
1716 16 For personal use only Management Management Management Paul Paul PaulViney Viney Viney Andy Andy AndyMatheson Matheson Matheson Stuart Stuart Whitham Stuart Whitham Whitham Rachel Rachel RachelTriplow Triplow Triplow Chief Chief ChiefExecutive Executive ExecutiveOfficer Officer Officer Chief
Slide 18: Post-seed companies
18 Post-seed companies For personal use only ArcActive is developing a carbon fibre negative Within the food-processing industry, food-safety is Pharmaceutical companies currently spend ~US$1.5b electrode for lead acid batteries to improve fuel driven by eliminating bacterial contamination which dev
Slide 19: Post-seed companies
19 Post-seed companies For personal use only The architecture and construction industry is going High-volume crop growers and processors have through a rapid shift from 2D CAD (Computer Aided significant challenges ahead in order to meet rising Design) to modelling buildings in full 3D BIM (Building
Slide 20: Seed companies
20 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. growth area that is seeing innovation as technology Solar LED lighting phenomena that are changing the Detection of
Slide 21: Seed companies
21 Seed companies For personal use only Many industrial and commercial operations manage Over 2 Billion people use English to communicate Mammography is the dominant method of breast controlled environments, where variables such as on a regular basis every day. The negative impact of cancer screenin
Slide 22: Pre-seed companies
22 Pre-seed companies For personal use only AuramerBio is a custom sensor development Avalia lmmunotherapies' first vaccine product is Increased industrial efficiency and tighter company. Its novel technologies allow accurate a cancer vaccine to treat patients suffering from environmental regulation
Slide 23: Pre-seed companies
23 22 Pre-seed companies Pre-seed companies For personal use only Cirrus is Cirrus is an an easily easily adopted adoptedprocess processtechnology technologythatthat Hi-Aspect Hi-Aspectprovides providestopical topicalformulations formulations using usingitsits Coatings Coatingsthat thatself selfclea
Slide 24: Pre-seed companies
24 23 Pre-seed companies Pre-seed companies For personal use only Orbis Diagnostics Orbis Diagnostics provides provides aaplatform platformtechnology technology for A large A large number number of of patients patientspresent presentininEmergency Emergency Objective Objective Acuity Acuity is is aab
Slide 25: Pre-seed companies
25 Pre-seed companies For personal use only Inhibit Coatings EdPotential delivers software-as-a-service products Ferronova is a medical device company, bringing The marine and aquaculture industries face significant based on advanced algorithms and data analysis together patented magnetic probe tech