Epx Limited · ASX:EPX
Epx — EP&T Global — H1 FY2023 Earnings Presentation
19 slides from Epx's earnings presentation, Feb 27, 2023
Slide 1: EP&T Global H1 FY23 Results Presentation
EP&T Global H1 FY23 Results Presentation 27 February 2023 EP&T Global Limited (ASX: EPX) is pleased to release the attached H1 FY23 Financial Results presentation for the half year ending 31 December 2022. For personal use only This announcement has been authorised for release to the ASX by the Boar
Slide 2: H1 FY23 Financial Results
For personal use only Environment, Property & Technology Delivering operational efficiency and significant energy savings in all forms of commercial real estate H1 FY23 Financial Results February 2023
Slide 3: Important Notices
Important Notices This presentation (“Presentation”) has been prepared by EP&T Global Limited (“EP&T Global” or “Company”). You must read and accept the conditions in this notice before considering the information set out in or referred to in this Presentation. If you do not agree, accept or underst
Slide 4: For personal use only
For personal use only “For over 25 years EP&T Global has been a leader in reducing operating costs and carbon emissions in the built environment.”
Slide 5: Corporate Snapshot
Corporate Snapshot Board and management For personal use only Chairman Jonathan Sweeney Executive Director & CEO John Balassis ASX: EPX Non-executive Director Victor Van Bommel Founder and executive Director Keith Gunaratne Share price (31 December 2022) A$0.025 Non-executive Director Stephe Wilks F
Slide 6: EP&T Global – H1 FY23 Highlights
EP&T Global – H1 FY23 Highlights Continued growth in operational and financial metrics For personal use only • Annualised Contract Value (ACV2) as at 31 December Key Metrics 2022 of $13.9m , representing an increase of $0.6m (+5%) from June 2022 • Annualised Recurring Revenue (ARR1) as at 31 Decembe
Slide 7: Trend in EP&T's Key Operating Metrics improving
Trend in EP&T’s Key Operating Metrics improving Annual Recurring Revenue1 grew 43% as compared to December 2021 For personal use only $'000 Jun-21 Dec-21 Jun-22 Dec-22 Annualised Recurring Revenue (ARR) ($'000) 5,307 7,209 9,228 10,312 ARR annual growth rate (%) 5 37 74 43 Annualised Contract Value
Slide 8: H1 FY23 Contract Wins
H1 FY23 Contract Wins Over $4m in total new contracts in H1 FY23, with ACV of $0.8m and upfront capex fees of $1.3m For personal use only New Contract Summary ACV Capex TCV Total H1 FY23 ($'000) 774 1,329 4,373 Highlights As part of EP&T’s focus on operating cashflow, the Company’s customer engage
Slide 9: Annualised Contract Value (ACV)
Annualised Contract Value (ACV1) ACV of $13.9m at December 2022 For personal use only Total ACV ($m) • At December 2022 ACV is $13.9 million, an increase of $0.6m (5%) from June 2022 and an increase of $2.4m (22%) from 16.0 December 2021. 1H FY23 ACV Increase = $0.6m (5% increase from • ACV of ~$14.
Slide 10: Annual Recurring Revenue (ARR)
Annual Recurring Revenue (ARR) ARR of $10.3m - Targeted ARR of $13.5m to achieve operating cashflow breakeven2 by end Q3 FY23 has slipped due to 3rd party installation issues For personal use only ARR growth on implementation of backlog ($m) • At December 2022 ARR is $10.3 million, an increase of $1
Slide 11: International Client Base now spanning countries in continents
International Client Base now spanning 26 countries in 5 continents Site numbers continue to grow, with an increase of 87 sites (+22%) from December 2021 For personal use only Contracted Building #s EUROPE • Office in London 500 • 142 sites in United Kingdom and greater Europe including Holland, Por
Slide 12: H1 FY23 – Financial Report
For personal use only H1 FY23 – FINANCIAL REPORT
Slide 13: H1 FY23 Financial Results: Profit and Loss Summary
H1 FY23 Financial Results Profit and Loss Summary • Total Revenue of $5.0 million, a 40.0% increase from 1H FY22 For personal use only % Consolidated Consolidated • Recurring subscription revenue has increased by 42.7% to $4.3 Change million. Recurring revenue accounted for 86.2% of total revenue in
Slide 14: H1 FY23 Financial Results: Balance Sheet Summary
H1 FY23 Financial Results Balance Sheet Summary For personal use only • Cash on hand at 31 December 22 was $4.0m Consolidated • Current assets include trade receivables of $2.6m, 31-Dec-22 30-Jun-22 R&D incentive receivables of $0.5m, inventory of $ $ $1.0m (equipment to be allocated to project inst
Slide 15: H1 FY23 Financial Results: Cash flow Summary
H1 FY23 Financial Results Cash flow Summary For personal use only • Cash receipts of $5.7m for HI FY23 up from $3.7 million (+54%) in Consolidated H1 FY22 – improvements due to a combination of changes to the 31-Dec-22 31-Dec-21 customer engagement model intended to bring forward receipts from custo
Slide 16: Outlook H2 FY23
For personal use only OUTLOOK H2 FY23 Targeting profitable growth
Slide 17: EP&T is focussing on profitable growth
EP&T is focussing on profitable growth Alongside continuing to deliver growth in key markets, EP&T is focussed on three key levers For personal use only • Operating Cashflow Breakeven2 continues to be projected to be reached at ARR of ~$13.5m • Progress being made in converting ACV backlog to ARR, w
Slide 18: Summary H1 FY23
Summary H1 FY23 Proven energy saving technology – proprietary technology operating in multiple sectors of For personal use only commercial real estate continuing to deliver portfolio average of 22% pa energy savings resulting in annual reduction of over 100,000 tonnes of CO2 emissions. Continued
Slide 19: For personal use only
For personal use only