Slide 1: H1 FY25 Results
ABN 49 138 085 551 LGI Limited H1 FY25 Results 14 FEBRUARY 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared by LGI Limited ACN 138 085 551 (LGI or the Company) to provide summary information about the Company and its associated entities. This information derived therefrom. The Company has not carried out due diligence investigations in connection with the prepara
Slide 3: Contents
Contents 1 Results Highlights 2 Financial Performance 3 Operational & Key Project Update 4 Outlook and Summary 5 Appendix
Slide 4: Who is LGI?
Who is LGI? BIOGAS One of Australia’s leading FLARE vertically integrated landfill BIOGAS POWER GENERATION gas companies RECOVERY AND FCAS³ Founded in 2009 (as Landfill Gas BIOGAS POWER Industries Pty Ltd), LGI is an established STATION NATIONAL ELECTRICITY domestic leader in the recovery of biogas
Slide 5: Results Highlights
H1 FY25 RESULTS Results Highlights
Slide 6: Key Operational and Financial Information
Key Operational and Financial Information BIOGAS FLOWS (MCM) ACCU CREATION NET REVENUE ($M) 2 217,773 219,916 227,334 16.1 15.6 57.8 57.1 58.3 59.7 212,888 15.3 15.0 14.8 55.2 203,031 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 F
Slide 7: Geographic Footprint
Geographic Footprint KEY Expanding network of landfill, BIOGAS FLARE generation and carbon sites GENERATORS ON SITE 32 CARBON SITES BATTERY Contracted CONTRACTED SITE sites1 UNDER ASSESSMENT GLADSTONE 08 BUNDABERG CENTRAL BUNDABERG WEST HERVEY BAY Power MARYBOROUGH GYMPIE SE QLD SITES stations GATTO
Slide 8: Financial Performance
H1 FY25 RESULTS Financial Performance
Slide 9: Profitability and Return
Profitability and Return Modest improvement in revenue & EBITDA, increase in depreciation and interest costs. #039;000 H1 FY25 H1 FY24 % Change Statutory Revenue And Other Income (excl. Interest Income) 16,911 15,851 6.7% Net Revenue1 15,560 14,769 5.4% Statutory and Underlying EBITDA 7,260 7,048 3.0%
Slide 10: Revenue
Revenue Revenue contribution growing across multiple sources #039;000 H1 FY25 H1 FY24 % Change Electricity (including hedge position and FCAS) 6,081 6,901 -12% H1 FY25 NET REVENUE H1 FY24 BY SOURCE1 Renewable Large Scale Generation Certificates (LGCs) 1,161 1,436 -19% Net Carbon Abatement (ACCUs)1 7,21
Slide 11: Generation – Electricity and LGCs
Generation1 – Electricity and LGCs #039;000 H1 FY25 H1 FY24 % Change Underlying growth in MWhs Operation Metrics Biogas Flows 2 (M cubic meters) 41.8 40.9 2.2% Late in H1 FY25, LGI commissioned a 50% increase in its Canberra Power Station and is forecasting for Eastern Creek MWhs Generated 49,953 46,69
Slide 12: Carbon Abatement – ACCUs
Carbon Abatement1 – ACCUs Ongoing ACCU volume growth #039;000 H1 FY25 H1 FY24 % Change ACCU integrity improvements will result in changes to the method LGI claims Operation Metrics ACCUs. LGI is involved in industry Biogas Flows 2 (M cubic meters) 48.4 46.9 3.2% consultations on these changes. ACCUs Cr
Slide 13: Infrastructure Construction & Landfill Gas Management
Infrastructure Construction & Landfill Gas Management LGI as a trusted infrastructure partner #039;000 H1 FY25 H1 FY24 % Change Profitability Infrastructure construction revenue 707 1,035 -31.7% Landfill Gas Management revenue 355 261 36.0% Total Revenue 1,062 1,296 -18.0% Total Revenue Growth (%) -18%
Slide 14: Balance Sheet
Balance Sheet Continued growth in #039;000 31 Dec 24 30 Jun 24 31 Dec 23 asset base Assets LGI assets growth principally funded by Cash 1,936 2,438 7,680 operating cash flow, with the main Trade Receivables 846 876 1,535 operational cash flow coming from sale of ACCUs. ACCU Environmental Certificates 1
Slide 15: Cash flow
Cash flow Operating cashflow positive while growth investment #039;000 H1 FY25 H1 FY24 continues Statutory and Underlying EBITDA 7,260 7,048 LGI’s capital requirements are reflective of Statutory and Underlying Operating Cash Flow 6,261 7,612 LGIs pipeline growth opportunities. LGI has invested in powe
Slide 16: Operational & Key Project Update
H1 FY25 RESULTS Operational & Key Project Update
Slide 17: Growing Biogas Flows
Growing Biogas Flows LGI continues to "chase the gas", ensuring maximum practical gas flow BIOGAS FLOWS AND ACCU VOLUME is achieved at each site 230,000 59.7 60 225,000 59 58.3 57.8 220,000 58 Million cubic meters (Mm3) 57.1 Volume of ACCUs 215,000 57 210,000 56 55.2 227,334 205,000 219,916 55 217,7
Slide 18: Energy Generation
Energy Generation Growth in generation reflects high levels of AVAILABILITY (% OF PERIOD) availability and increased capacity 97% 97% 97% 98% 97% LGI continues to focus on availability, along with its proprietary operating system, DACS, is a strategic focus as LGI expands its battery capability. H1
Slide 19: Leveraging Energy Volatility with Batteries
Leveraging Energy Volatility with Batteries LGI is well-positioned to continue to benefit from AVERAGE AEMO ELECTRICITY PRICING, underlying electricity price TIME OF DAY (JUL-24 TO DEC-24) volatility, via its network 1,000.00 energy generation and battery roll-out 800.00 The Electricity wholesale ma
Slide 20: Funded Development Pipeline - Project Update
Funded Development Pipeline - Project Update Expanding biogas and contracted sites provides the foundation to concurrently pursue future growth initiatives Mugga Lane Sydney Eastern Creek Other Projects 6 engines commissioned Earth works completed, Tumut & Esk and exporting to the grid Civils to be
Slide 21: Industry Awards and Recognition
INDUSTRY AWARDS AND RECOGNITION LGI projects have been WRIQ • LGI received an award for recognised by our peers as Environmental Innovation of Waste Recycling the Year innovative and sustainable Industry • Award received for the Bunya Association (QLD) Renewable Hybrid Project LGI’s focus on ensurin
Slide 22: Outlook & Summary
H1 FY25 RESULTS Outlook & Summary
Slide 23: FY25 Outlook
FY25 Outlook LGI continues to focus on driving growth and continued operational excellence FY25 PRIORITIES Continued focus Deliver key near Explore the Work on contracted Actively pursue new on Health, Safety, term projects, expansion of power landfill sites to expand opportunities for Environment e
Slide 24: Appendix
Cai tEAM ENEROY & CARBON ABATEMENT Es Appendix
Slide 25: Board
Board VIK BANSAL ADAM BLOOMER ABIGAIL CHEADLE ANDREW PETERS DR. JESSICA NORTH TIMOTHY MCGAVIN Non-Executive Managing Director Non-Executive Director Non-Executive Director Executive Director Non-Executive Director Chair and Founder and Audit & Risk and Chief and Chair of Committee Chair Sustainabili
Slide 26: LGI Value Proposition
LGI Value Proposition LGI strives to deliver value with its vertically integrated business model in a number of key areas at the intersection of the waste, electricity and carbon sectors END-TO-END DIVERSIFIED VERTICALLY INNOVATION AND SOLUTION REVENUE STREAMS INTEGRATED TECHNICAL INGENUITY Highly c
Slide 27: LGI Limited contact details
LGI LIMITED AUSTRALIA ABN. 49 138 085 551 57 Harvey Street North Eagle Farm 4009 QLD 07 3711 2225 enquiries@lgi.com.au www.lgi.com.au clean energy & carbon abatement