Slide 1: 2017 H1 Interim Results
2017 H1 Interim Results Scott McGregor, Chief Executive Officer Scott Laird, Finance Director 27 September 2017
Slide 2: Changing Perceptions in the Energy Storage Market
Changing Perceptions in the Energy Storage Market • The wider market is only beginning to understand power vs energy from a use case perspective • Incumbent technologies (Lead, Lithium) are power-centric. Lots of power for a short period of time. • Flow machines are energy-centric. Provide power ove
Slide 3: It's a Machine! Not a B******!
It’s a Machine! Not a B******! Ideal for: Frequency Response Tenders – Good return in short run, but not sustainable long term Ideal for: Multiple, stacked services – Financeable, Infrastructure Asset with good long term returns
Slide 4: 2017 H1 Highlights & YTD
2017 H1 Highlights & YTD redT H1 2017 • Commercial orders for 6 x redT units • 1st Gen 2 15kW-75kWh machine shipped to customer site, The Thaba Eco Lodge in South Africa • Agreement signed for flagship 1MWh demonstration project at The Olde House, Cornwall - undertaken alongside Centrica • Manufactu
Slide 5: Case Study: The Olde House, Cornwall
Case Study: The Olde House, Cornwall
Slide 6: Customer Case Study: UK Agri-Business
Customer Case Study: UK Agri-Business
Slide 7: Commercial Update
Commercial Update September 2017 April 2017 % Change Production & 16 Units 9 Units +78% Deployment 16 Units +220% Orders (+ 12 Distributor 5 Units (+ 12 units committed) Committed) Final Stage Customer ~€16.5m (205 Units) ~€6.5m (101 Units) +154% Selection for 2018 delivery Active Customer ~€323m ~€
Slide 8: Expansion into New Markets
Expansion into New Markets Active redT market Access via Partner Launching soon Response market
Slide 9: Sustainable Equity Value
Sustainable Equity Value Sustain Scale Firm Functional Gen 3 performing Price team Prove Gen 2 sales Market Seeding Differentiating programme IP (leading tech), complete Orderbook product, service. across defined products USP Credibility Gen 1 design Case-studies Gen 2 system Ambassadors delivered S
Slide 10: H1 2017 Financials
H1 2017 Financials redi
Slide 11: H1 2017 Financial Highlights
H1 2017 Financial Highlights Financial results for the group in H1 2017 were in line with overall management expectations • €13.2m in available cash (FY 2016: €2.8m) • Loans and borrowings €Nil (FY 2016: €Nil) • Revenue for the period €4.5m (H1 2016: €4.5m) (incorporating Camco activity) • EBITDA lo
Slide 12: Income Statement
Income Statement Consolidated statement of comprehensive income For the period ended 30 June 2017 H1 2017 H1 2016 FY 2016 €'000 €'000 €'000 Continuing operations Revenue 4,489 4,533 10,829 Cost of sales (2,876) (3,374) (8,563) Gross profit 1,613 1,159 2,266 Administrative expenses (4,883) (3,436) (7
Slide 13: Balance Sheet
Balance Sheet Consolidated statement of financial position At 30 June 2017 H1 2017 H1 2016 FY 2016 H1 2017 H1 2016 FY 2016 €'000 €'000 €'000 €'000 €'000 €'000 Non-current assets Equity attributable to equity holders of the parent Property, plant and equipment 221 95 103 Share capital 6,539 4,617 4,6
Slide 14: Cash Flow
Cash Flow Consolidated statement of cash flow For the period ended 30 June 2017 H1 2017 H1 2016 FY 2015 H1 2017 H1 2016 FY 2015 €'000 €'000 €'000 €'000 €'000 €'000 Cash flows from operating activities Cash flows from investing activities Loss for the year (3,814) (2,566) (5,637) Proceeds from dispos
Slide 15: Segmental Analysis
Segmental Analysis Operating segments For the period ended 30 June 2017 redT Camco Consolidated H1 2017 H1 2016 FY 2016 H1 2017 H1 2016 FY 2016 H1 2017 H1 2016 FY 2016 €’000 €’000 €’000 €’000 €’000 €’000 €’000 €’000 €’000 Segment revenue 198 82 302 4,291 4,451 10,527 4,489 4,533 10,829 Segment gross
Slide 16: redT – Business Outlook
redT – Business Outlook • Focussed on implementation and deployment of key customer sites (Olde House, RNLI etc.) • Final stage of redT team build-out • Key segments & product differentiation • Building orderbook for 2018 • Gen 3 development, cost and specifications
Slide 17: Appendix
Appendix redi energy storage
Slide 18: Hybrid Energy Storage
Hybrid Energy Storage Demand — Daily Demand Profile WN Load met by PV + Flow Machine Load met by Flow Machine only } a Load met by Diesel Genset/Lithium Y ) Y p Day energy storage