Powerhouse Ventures Ltd. · ASX:PVL
Powerhouse Ventures — Shareholder Meeting (November 2017)
23 slides from Powerhouse Ventures's shareholder meeting presentation, Nov 23, 2017
Slide 1: Annual General Meeting
Annual General Meeting 24 November 2017
Slide 2: Chief Executive Officer's Presentation
Chief Executive Officer’s Presentation Paul Viney
Slide 3: Disclaimer
powe rHouse Disclaimer The information in this presentation is not an offer, nor constitutes investment advice or any recommendation to subscribe or acquire securities or retain or sell any securities currently held in Powerhouse Ventures Limited or any of the portfolio companies represented. The pr
Slide 4: Powerhouse provides unique investor access to a new and liquid asset class
Powerhouse provides unique investor access to a new and liquid asset class in Australasia - university sourced technology IP ASX Code “PVL”
Slide 5: Our strategic pathway
Our strategic pathway 10 years of investment in NZ University sourced IP 2014-2016 capital-raising, roll-ups and A$10.2 million ASX IPO October 2016 Post IPO portfolio holdings review Appointment of Australian based Chairman – Mr Russell Yardley Appointment of Australia-based Investment Manager(s) i
Slide 6: Financial metrics FY17
Financial metrics FY17 powe rHouse Fair value changes in portfolio (statutory) ($m) $(4.532) $5.492 $(10.02) Total revenues (statutory) ($m) $(0.908) $8.014 $(8.92) Net profit / (loss) after tax (statutory) ($m) $(11.220) $0.765 $(11.99) Net profit / (loss) after tax (underlying) ($m) $0.779 $1.321
Slide 7: Our model: a 7-step approach to identifying breakthrough opportunities
Our model: a 7-step approach to identifying breakthrough opportunities We are determined to adhere to our proven processes 1 2 3 4 5 6 7 identify world-class technology with determine the job-to-be-done, establish how customers value assess freedom to operate and determine key technical and Seek thi
Slide 8: We make a difference
We make a difference Powerhouse’s proven methodology for assessing potentially disruptive innovation
Slide 9: We target growth
powe rHouse We target growth Powerhouse Expertise Deployed: n IP / Legal / HR / Admin / Accounting / Finance / Sales / Marketing / Distribution / Governance / Corporate Advisory r Vv Vv Vv Vv Vv Vv Vv Vv m= Structure /Management / m Leverage / Growth / Corporate Advisory / Governance / Expertise Int
Slide 10: Portfolio management
Portfolio management We know what we do well – and not so well We have conducted a full review of our portfolio holdings We have identified “off model” investments and will pursue liquidity events and then recycle the capital Our model includes investee “IP to IPO”, IP licensing and royalty revenue
Slide 11: High growth, deep IP based, technology rich portfolio
High growth, deep IP based, technology rich portfolio As at 30 June 2017
Slide 12: Investment Portfolio - By Stage of Growth
powe rHouse Investment Portfolio By Stage of Growth Pre-Seed $26m 15.0% Seed $44m 254% Post-Seed $10.5m 59.6% As at 30 June 2017
Slide 13: Investment Portfolio - by stage
Investment Portfolio - by stage powerHouse Post-Seed Stage Seed Stage 5 companies; $10.5 million 5 companies; $4.4 million Mars Moder Archctive Pre-Seed Stage 11 companies; $2.6 million ——— Inhibit Coatings $005 09% $0.080r 04% As at 30 June 2017
Slide 14: Investment Portfolio - By Sector
powe rHouse Investment Portfolio By Sector Agritech & Environmental $8.5m 48.7% IT & Communications $1.8m 101% Medical & Healthcare $3.0m 16.9% Cleantech & Engineering $4.2m 24.3% As at 30 June 2017
Slide 15: Investment Portfolio - by sector
powe rHouse Investment Portfolio - by sector Cleantech and Engineering Medical and Healthcare 6 companies; $4.2 MILLION 8 companies; $3.0 million Information and Communication Technologies Agritech and Environmental 3 companies; $1.8 million 4 companies; $8.5 million As at 30 June 2017
Slide 16: Re-focusing the portfolio
Re-focusing the portfolio Investee Event Purchase Sale proceeds Return IRR% liquidity event date price factor Syft May 17 $100,000 $1,000,000 10X 76% (minor holding) ArcActive Nov 17 $468,000 $1,870,000 4X 26% (minor holding) SolarBright In (founder led) progress Motim In (M&A ready) progress
Slide 17: Pathway to restoring shareholder value
Pathway to restoring shareholder value Executive Team restructured and reduced Operating costs reduced Board reduced in size from 7 Directors to 5 Further refinement in operating model underway We will vigorously pursue value creating events – for on and off-model companies
Slide 18: General outlook
General outlook Powerhouse funding position has improved post recent investment realisations No intention to raise additional ordinary equity capital at current depressed share price Focus on NZ operational strengths and expand in Australia Expect strong revenues in 2H18 from liquidity events and fa
Slide 19: Major portfolio events
powe rHouse Major portfolio events
Slide 20: Powerhouse's first major loss of an investee in 2017
Powerhouse’s first major loss of an investee in 2017 due largely to HydroWorks’ failure to control risks during its expansion phase Powerhouse has agonised over this outcome We have documented key learnings to ensure lessons are embedded in everything we do Powerhouse acknowledges the efforts put in
Slide 21: Invert Robotics is ideally placed to capture global inspection services
Invert Robotics is ideally placed to capture global dairy, petro- chemical tank and aircraft inspection services Major European footprint – winning sales contracts Exploring fully funded M&A expansion Invert will be a well-capitalized expansion with >$6 million raised in November 2017
Slide 22: CropLogic provides growers and processors with crop growth forecasts
CropLogic provides growers and processors with crop growth forecasts for optimal productivity, using crop models and high-quality soil, climate and crop imaging input data “CLI” achieves ASX listing in September 2017 – proving the IP to IPO pathway - $8 million raised CLI share price weakness post l
Slide 23: Annual General Meeting
Annual General Meeting 24 November 2017
Powerhouse Ventures — Shareholder Meeting (November 2017) on 6ix