Energy Action Limited · ASX:EAX
Energy Action — Shareholder Meeting (November 2014)
41 slides from Energy Action's shareholder meeting presentation, Nov 5, 2014
Slide 1: 2014 Annual General Meeting
For personal use only 2014 Annual General Meeting
Slide 2: Welcome & Introductions
For personal use only Welcome & Introductions Dr Ronald Watts Chairman
Slide 3: Agenda
Agenda For personal use only 1. Introduction of Board Members & Welcome 2. Chairman’s Address 3. CEO’s Address • Business Overview • Financial Results • Operational Priorities • FY15 Outlook 4. Formal Business 3
Slide 4: Chairman's Address
For personal use only Chairman’s Address Dr Ronald Watts Chairman
Slide 5: CEO's Address
For personal use only CEO’s Address Mr Scott Wooldridge Chief Executive Officer
Slide 6: Business Overview
For personal use only Business Overview
Slide 7: Energy Action
Energy Action For personal use only Created the market for Proven track record online reverse auctions Australia’s leading energy Year on year double digit for electricity – settled management consultancy revenue and profit over $7 billion in total firm growth and history of electricity contracts si
Slide 8: Our Cause
Our Cause For personal use only “As the energy market experts, we are committed to bringing innovation to energy management, enabling our people to deliver positive environmental and financial outcomes for our clients through the best relationship management, analytics and data integrity” 8
Slide 9: Energy Action Delivers Business Outcomes across the Energy Supply and Demand Lifecycle
Energy Action Delivers Business Outcomes across the Energy Supply and Demand Lifecycle For personal use only 9
Slide 10: Industry trend towards using specialist service providers
Industry trend towards using specialist service providers For personal use only : Source: UMI Customer Research in Utility Markets, Wave 18, December 2013 10
Slide 11: Diversifying range of services being requested
Diversifying range of services being requested For personal use only 11 : Source: UMI Customer Research in Utility Markets, Wave 18, December 2013
Slide 12: Our Strategy: Create a Unique Market Position
Our Strategy: Create a Unique Market Position Intelligence Business For personal use only Data Integrity & Completeness Fragmented Data One Off Trusted Engagement Actionable Customer Insight Partner 12
Slide 13: Financial Results
For personal use only Financial Results
Slide 14: Financial Performance
Financial Performance For personal use only Key Financial Metrics FY14 FY13 Revenue $25.8m $22.2m Operating NPAT $4.5m $4.9m Statutory NPAT $3.5m $4.4m Future contracted revenue ($m) $74.5m $78.1m Earnings per share (statutory) 13.60c 16.98c Dividend per share 7.35c 8.65c 14
Slide 15: Consistent Revenue Growth
Consistent Revenue Growth For personal use only Revenue and Operating NPAT Margin EBITDA Margin 23% 23% 22% 21% 35.2% 20% 33.7% 32.3% 30.2% 30.7% 17% 24.3% 25.8 25.8 22.2 22.2 17.4 17.4 14.0 14.0 10.3 10.3 7.8 7.8 FY09 FY10 FY11 FY12 FY13 FY14 FY09 FY10 FY11 FY12 FY13 FY14 Revenue $m Operating NPAT
Slide 16: Operational Priorities
For personal use only Operational Priorities
Slide 17: FY2014 Key Operational Achievements
FY2014 Key Operational Achievements For personal use only • Developed and started the instigation of a 5 year strategic growth plan, branded Ignite • Acquired Exergy and integrated Ward Consulting, Energy Action's Sustainability Solutions team and Exergy into a single division, Projects & Advisory S
Slide 18: FY2015 Key Operational Priorities
FY2015 Key Operational Priorities For personal use only 1. Key operational focus on realising the benefits related to recent acquisitions via quickly integrating Exergy and EnergyAdvice 2. Key sales focus on growth in market share growth of procurement customers based on capitalising on the renewal
Slide 19: FY15 Outlook
For personal use only FY15 Outlook
Slide 20: Energy Procurement: Renewal cliff opportunity
Energy Procurement For personal use only Renewal cliff opportunity • Due to the uncertainty as a result of carbon tax customers did not renew beyond 2015. • EAX has 5,236 sites due for renewal between June 2014 and December 2014 and 7,133 sites between June 2015 and December 20151 • 77% of sites und
Slide 21: Trading Update
Trading Update For personal use only • Traditional Business Lines of Procurement (AEX) and Contract Management & Energy Reporting (Activ8) for both contract sales and revenue are performing in line with budget expectations with contract sales significantly above H1 FY14 • Projects & Advisory Service
Slide 22: Further information
Further information For personal use only Scott Wooldridge Chief Executive Officer 02 9633 6471 scott.wooldridge@energyaction.com.au 22
Slide 23: Formal Business
For personal use only Formal Business Dr Ronald Watts Chairman
Slide 24: Procedural Matters
Procedural Matters For personal use only • If there are any Shareholders who are eligible to vote who have not received their yellow voting card, please see a representative from Link Market Services at the registration desk. • Shareholders holding a red card are not eligible to vote but can speak a
Slide 25: General Business
General Business For personal use only • First Item of business: Consideration of the annual report, financial report, Directors report and Auditors report for the financial year ended 30 June 2014. • No questions for Ernst & Young were received. (tbc) • Representatives from our audit review partner
Slide 26: General Business
General Business For personal use only Formal Resolutions: • Resolutions 1, 2, 3 and 4 are proposed as ordinary resolutions and will be approved if passed by more than 50% of votes cast by members entitled to vote on the resolution. • Resolution 5 and 6 are proposed as special resolutions and will b
Slide 27: Resolutions
For personal use only Resolutions
Slide 28: Resolution
Resolution 1 For personal use only “That for the purposes of Section 250R(2) of the Corporations Act 2001, and for all other purposes, approval is given for the adoption of the Remuneration Report for the year ended 30 June 2014.” Resolution 1 is an ordinary resolution, and will be approved if passe
Slide 29: Resolution - Proxies
Resolution 1 ‐ Proxies For personal use only For Against Open Abstain No. of Shares 6,833,683 27,100 28,810 2,865 % of Total Directed Proxies 99.19% 0.39% 0.42% 29
Slide 30: Resolution
Resolution 2 For personal use only “That Ms Valerie Duncan, who retires by rotation and being eligible offers herself for re‐election, be re‐elected as a Director of the Company.” Resolution 2 is an ordinary resolution, and will be approved if passed by more than 50% of the votes cast by members ent
Slide 31: Resolution - Proxies
Resolution 2 ‐ Proxies For personal use only For Against Open Abstain No. of Shares 14,701,348 357,507 28,810 752,000 % of Total Directed Proxies 97.44% 2.37% 0.19% 31
Slide 32: Resolution
Resolution 3 For personal use only “That Mr Steve Twaddell, who retires by rotation and being eligible offers himself for re‐election, be re‐elected as a Director of the Company.” Resolution 3 is an ordinary resolution, and will be approved if passed by more than 50% of the votes cast by members ent
Slide 33: Resolution - Proxies
Resolution 3 ‐ Proxies For personal use only For Against Open Abstain No. of Shares 15,792,155 16,700 28,810 2,000 % of Total Directed Proxies 99.71% 0.11% 0.18% 33
Slide 34: Resolution
Resolution 4 For personal use only “That Mr Philip Randall, who having been appointed as a Director of the Company by the Board on 18 August 2014 in accordance with clause 45.1 of the Company’s constitution and who will hold office until the end of this meeting, be elected as a Director of the Compa
Slide 35: Resolution - Proxies
Resolution 4 ‐ Proxies For personal use only For Against Open Abstain No. of Shares 15,805,855 3,000 28,810 2,000 % of Total Directed Proxies 99.80% 0.02% 0.18% 35
Slide 36: Resolution
Resolution 5 For personal use only “That pursuant to and in accordance with Listing Rule 7.1A of the ASX Listing Rules and for all other purposes, the Shareholders of the Company approve and authorise the Company to issue by way of placement(s), up to 10% of the issued capital of the Company (Additi
Slide 37: Resolution - Proxies
Resolution 5 ‐ Proxies For personal use only For Against Open Abstain No. of Shares 12,593,658 3,216,197 28,810 1,000 % of Total Directed Proxies 79.51% 20.31% 0.18% 37
Slide 38: Resolution
Resolution 6 For personal use only “That, for the purposes of sections 260A and 260B(2) of the Corporations Act 2001 (Cth) and for all other purposes, approval is given for: Exergy Holdings Pty Limited (ACN 163 748 507); Exergy Australia Pty Limited (ACN 098 336 979); and EnergyAdvice Pty Ltd (ACN 0
Slide 39: Resolution - Proxies
Resolution 6 ‐ Proxies For personal use only For Against Open Abstain No. of Shares 15,725,155 82,500 28,810 3,200 % of Total Directed Proxies 99.30% 0.52% 0.18% 39
Slide 40: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Energy Action Limited ABN: 90 137 363 636. This presentation is not intended as an offer or solicitation with respect to the purchase or sale of any security nor does it constitute an offer or solicitation in any jurisdiction in
Slide 41: Connect with us
Connect with us For personal use only Twitter: @EnergyActionAUS LinkedIn: www.linkedin.com/company/energy‐action Email: info@energyaction.com.au Web: www.energyaction.com.au National number: 1300 553 551