Synertec Corporation Limited · ASX:SOP
Synertec — Corporate Update (February 2024)
22 slides from Synertec's corporate update, Feb 28, 2024
Slide 1: FY24 H1 Financial and Operational Update
FY24 H1 Financial and Operational Update Synertec Corporation Limited (ASX: SOP) Building a better tomorrow through technology development and smart engineering
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Synertec Corporation Limited (Synertec or the Company) on behalf of the Forward looking statements, forecasts and estimates, by their very nature, involve known and unknown risks and Company and its subsidiaries (the Group). are subject to uncertaint
Slide 3: About Synertec
About Synertec Synertec is an engineering-enabled Technology Company led by Powerhouse, one of the most advanced fully renewable microgrid systems in the world. TECHNOLOGY ENGINEERING We design, develop and deliver Our multi-disciplinary technology that provides our expertise of over 100 partners wi
Slide 4: FY24 H1 Highlights
FY24 H1 Highlights $9.1m 17% $14.8m $5.3m Group Group Revenue & other 3-year Revenue CAGR Total assets including Cash on hand with no Financial income, up 25% on pcp across 6 consecutive Powerhouse assets working capital debt or and $9.7m in cash half years of growth, under construction for covenant
Slide 5: FY24 H1 Financial Performance − A Track Record of Growth
FY24 H1 Financial Performance − A Track Record of Growth STRONG AND CONSISTENT REVENUE GROWTH ROBUST FINANCIAL POSITION Total Cash Other Assets 10 20 9 CAGR of 17% 8 15 7 A$m A$m 6 10 5 4 5 3 2 0 1H FY21 2H FY21 1H FY22 2H FY22 1H FY23 2H FY23 1H FY24 June 19 June 20 June 21 June 22 Axis Title June
Slide 6: FY24 H1 Operational Performance
FY24 H1 Operational Performance POWERHOUSE TECHNOLOGY ENGINEERING • Since 1 July 2023, the Powerhouse asset in the field has been • The Engineering Division continues to secure new contracts, operating at 100% availability of totally renewable power, with no site increasing work in hand and providin
Slide 7: Powerhouse Technology Engineering
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Slide 8: Powerhouse is Helping our Customers Achieve their Environmental Goals
Powerhouse is Helping our Customers Achieve their Environmental Goals Synertec is an impact investor supporting our customers to improve their environmental performance 01 02 03 Global mining and Powerhouse is In addition to Scope 1 energy companies highlighted in Santos’ C02e reductions, there have
Slide 9: Powerhouse – Delivering Exceptional Field Performance
Powerhouse – Delivering Exceptional Field Performance Powerhouse has delivered exceptional performance standards in H1 FY24, exceeding our customer’s KPI’s KPI Powerhouse Field Performance 99.5% AVAILABILITY 100.0% availability MINIMAL INSPECTIONS No site maintenance required Performance monitored 2
Slide 10: Powerhouse Proven Financial Performance
Powerhouse Proven Financial Performance Powerhouse is delivering against our stated financial expectations Annualised Improving Rapid Proven Revenue Capex & Payback Economics Current Powerhouse unit Constructability Current Powerhouse Strong operational and delivering $0.8m in economics delivering a
Slide 11: Next Delivery of Powerhouse Assets On Track
Next Delivery of Powerhouse Assets On Track Santos tender award for 2 further Work orders All key Fabrication Delivery Ongoing monitor Powerhouse units signed components on complete ex-works Final Stage and maintenance site for assembly Delivery October 2023 June 2024 Fabrication Factory Site Accept
Slide 12: Initial Applications − Queensland CSG
Powerhouse Initial Applications − Queensland CSG 10,986 1 AT LEAST CSG WELLS IN PRODUCTION IN = 3,300 QUEENSLAND POSSIBLE AS AT JUNE 2021 POWERHOUSE APPLICATIONS 22,000 WELLS BY 2050 1 1 – GasFields Commission, Shared Landscapes, Industry Trends Report, 2022. Assumes: 3 Well cluster per Powerhouse o
Slide 13: Powerhouse – Other Immediate Adjacent Opportunities
Powerhouse – Other Immediate Adjacent Opportunities Remote Mining Water communities Operations Bores Defence Mining Global Camps Synertec Corporation Limited (ASX:SOP) | FY24 H1 Financial Results 13
Slide 14: Multiple Funding Options for Powerhouse
Multiple Funding Options for Powerhouse Synertec is advancing multiple funding options for the future roll out of Powerhouse units to ensure rapid scalability Potential Future Powerhouse Funding Options Strategic Debt Upfront Project Direct Grants Partnership Funding Payment Financing Unit Sale Expl
Slide 15: Powerhouse Rollout Strategy
Powerhouse Rollout Strategy Synertec has developed a highly scalable Powerhouse roll out strategy that will enable the rapid, low risk and capital efficient assembly of future assets 01. Partners 02. Proven Methodology SOP engineering skillset has delivered the successful on time & budget constructi
Slide 16: Powerhouse – Progress and Catalysts
Powerhouse – Progress and Catalysts Powerhouse – Powerhouse – COMMERCIAL VALIDATION FUTURE CATALYSTS Field proven technology Secure appropriate funding structure(s) for future Long term performance exceptional Powerhouse roll out Commercial validation via Santos and the Further orders from Santos GL
Slide 17: Appendices
Appendices Synertec Corporation Limited (ASX:SOP) | FY24 H1 Financial Results 17
Slide 18: Powerhouse Financial Model Highlights
Powerhouse Financial Model Highlights POWERHOUSE – MULTIPLE REVENUE POWERHOUSE MICROGRID SYSTEM FOR OPTIONS WITH STRONG ECONOMICS A QUEENSLAND CSG WELL SITE • Delivery options: • Power Availability: 100%, continuous • Build Own Operate Maintain (BOOM) load 24/7 • Sale with long term maintenance • Po
Slide 19: Formal Technology Partnership with Siemens
Formal Technology Partnership with Siemens Memorandum of Understanding (MoU) signed between Siemens and Synertec to support Powerhouse technology development and expanded market exposure • Siemens is a leading global multinational technology conglomerate • Scope of the collaboration includes: • Siem
Slide 20: Engineering Solutions – Recurring “Blue Chip” Customer Base
Engineering Solutions – Recurring “Blue Chip” Customer Base Engineering Energy Water Product Enabler of technology development & access to markets Overview Niche multi-disciplinary engineering expertise supporting a Tier-1 blue chip customer base + Supports Synertec Group’s focus on technologies for
Slide 21: Board and Executive
Board and Executive “Synertec is committed to strengthen and diversify the skills of our Board in line with our ambitious strategic goals and strong governance practices, as we continue to increase the scale and profile of our Company.” Dennis Lin Michael Carroll David Harris Peter Lamell Ian Campbe
Slide 22: Contact details
Michael Carroll David Harris Managing Director | CEO Executive Director | CFO | Company Secretary M: +61 419 351 676 M: +61 434 408 668 E: michael.carroll@synertec.com.au E: david.harris@synertec.com.au Synertec Corporation Limited (ASX:SOP) | FY24 H1 22 Financial Results HEAD OFFICE Ground Floor, 2