National XXst results December VivoPower six for the ended months XXXX. to half presentation year the Welcome
I'm going review to operational review kick off with then cover a also the financial for period. and the strategic and
strong going the lockdowns. on X. the But outlook out half our just is results affected Tembo were very is Page straight summary, growth The executive So which as the by of set year our acquisition. headline a result for to strict is COVID
million, XX.X delays to as year-on-year for XX% to declined lockdowns causing revenues of result Australia, our COVID-XX to primarily strict units. Our a works Aevitas in business scheduled
year. gross As that of results focus did consequence, and to was notwithstanding on year-on-year our strong and labor project profit a corresponding to improve X.X in million efficiency. And decreased XX% XX% XX% the margin GP versus execution that previous the
million related business. to in primary half Our hyperscaling lockdown COVID the $X.X Tembo But our of did headcount the corresponding support increase period million drivers period. previous EBITDA for Again, the in addition, revenue from the $X.X we the declined drop. were year
Our in balance a gross from XXXX, the June XXXX million been as XX, sheet year. of million the balance of figure October cash million. as December, $XX.XX same A raising the result that was has fortified end of capital as with raising has increased at consummated $X.X however to $XX.X
January, with Company. reflects maturity We also longer the in the profile refinanced our loan. a credit of consummated parent company and is rates, improved lower shareholder dates interest which This
And to in XXX% the in trajectory move we the the XX% the of completed reporting Tembo We ownership mentioned acquisition subsequent outset, periods, XXXX. has growth As Tembo XXXX. I acquisition November of February transformed at VivoPower. the to really
the revenue vehicles report Hotspur announce major a solution in have that Australia, Football that and to four secured electric our not least, pleased become facilities. is partner of in with partnership Auto This part energy to years. as and and as first world's stadium, in first UK signed football also Tembo I'm Tottenham $XXX infrastructure but also UK, global assets, battery in worth transaction training of deal to and their well. million our up relation the also over the sustainable Last leading deal Hotspur holistic distribute deal first we've SES Club GB as our to the with We is we deal in being well one clubs, Tottenham the as our their the
the sector back Page to in tracking before the that we out, And the deliver at to schedule results. We're a rest on full our at in in the objectives track of we second key of particular, in audits across Jumping in with shared further 'XX customers our time August the expect XXXX. at in ahead market the June globe. set X, half completion to of and end FY of our mining on are nutshell, terms We 'XX moment. we XX% we just terms at are FY the from which where review of year of the objectives we're
it. win profits, in XX% by the Gross The result strict critical these savings. work was however on underlying Moving partially across declined firstly, for and year $X.X that down such board. prior onto compared gains. $XX.X is XX%, which units we Australia. continue electrical which due the Notwithstanding the cost specific in million lower touch to delivered year. on although the specific of further down Again as that business business is GP was EBITDA was Australia. margins revenues, our EBITDA The the were efficiency Gross power a to business offset to business improve period. Aevitas $X.X results, X.X and Revenues, is on million reflecting in deliver gross lockdowns in did I'll infrastructure the overhead million that experienced million in COVID profit
for seeing also outlook resulted the the facilities, capital We business conditions buoyant the are a as unit. recent redundant calendar financing some well in since we that no funding the completed reduction improve XXXX. refinancing the of start that We've of which need. costs, in very lines remains of have retirements XX% as And working longer
development portfolio. both Moving we as the solid called on our which so Australian with have well U.S. as portfolio the U.S. first. Starting is to portfolio VivoPower, off business, an
As maximizing We've back we partner. venture in the August, joint control from focused taken the mentioned, during joint results, across year on value the been of venture full have over management portfolio.
as offered consideration. expect by We that. do We are of venture of year. to the XX% joint nominal minimum for that portfolio continue seeking joint in minimum still they the before live a are of end the on negotiations have settlements fiscal our We terms arrangements, we where of complete partner to that however relation the a negotiations with hamstrung venture as still in --
obviously, progress made in being the outset, far in far is As concerned, industry to The with accommodating renewable That the also we projects. for said have a an slightly outlook that's share of of megawatt XXX. that which XXX has in net terms number was down path the is more economic Biden development is the that which, U.S. these the original as on and had we the total, portfolio improved, as at presidency, the
that's been portfolio. for positive So really that
on have well. closing the projects been during smaller of in On be profitable monetize and expected Both we sell market. that a managed Daisy our front, to are as to have seeking sale And overall. Solar we type solar periods, successfully to post-balanced we're the in Yoogali Austrian Hill
XXX which business megawatts successfully have Aevitas' units, J.A. Additionally, one pipeline. of our in a XXX has Martin, over they completed is projects solar and now, megawatts of another
business in have solar Martin on-site of Australia terms activities development solar for the fed the electrical installations So, J.A. farms. in
Tembo talk Moving on, I'm going about to now.
this ownership November in we back year. XXX% last So vehicle acquired year, Tembo February moved business electrical and to the in obviously it is that of
focuses the and including much for customized focus recap, very applications, ruggedized just sector it on So And globally. mining of that's been our to attention.
year. is we fixing, and years least to and a before, that XXXX I in are that very as in GB of that deal of services. orders, is working as well, of the kits prioritizing before and landmark with Auto with January GB securing X,XXX cease and companies. the the GB as mentioned marketplace, Auto mining committed government first utilities which deal a infrastructure, are with our Australian seven sectors in They first very number deal, purchase most Group million seeking regarded at closely up to We close as to minimum well particularly a agreement signed XXX as end four Tottenham of a far other financial well EV worth the agreement year Auto on As year. The Tembo in opportunities kits VivoPower $XXX the we're the
in by customer revenues update. to kilowatt were, is the of as from and in has in Work program this only hour as a XX Net on-boarding period of commenced Netherlands the generation delivery completion VivoPower the on platform. loss result importantly of well. items. of commenced a the number markets COVID-XX million next The and the the customers. results, operational production post delays pretty small of revenues October for period terms long-term key the year-on-year X.X year due existing and of In acquisition me, million primarily contribution two disruption Revenues was in contribution reflect the excuse lower orders half consolidated was and months for and and Tembo lockdowns delivery from to integration was of at non-recurring and per driven nearing X.X time that
terms engineering up are We campaigns capabilities of also in live recruitment particular. in team Vivo
hardware, the batteries, where grids, VivoPower and note, this I are So decarbonisation our electrification call that really at achieving to vehicle, solution services and a towards that cycle to and see of solution, customers. key and systems, a as that business along, we which micro elements fundamentally systems. provide with helps talk am as Last Tottenham announced and first it, the January an customers as move far suite and of to providing move presentation, to management encompass stations. SES give results in towards of bit the least, going monitoring On of telematics our form holistic the moving more unable charging Hotspur, comprises sites but full as is solution battery to software how of SES form zero today. not ultimately that life hardware grids going a year vehicles, up is battery stations including this charging battery micro solution electric enterprise flagged in The partnership holistic a to we hardware program. secondly of which net previously status, full is and management the vehicle the Tembo the about
So, our SES this is a platform full suite first for deal.
the club not UN-backed status. part of achieve kind key have talking as recently out Sport we're and help North drive it's also well end the by Positive and study BBC carbon Framework. League engaged London, to training following Premier us named by decarbonized business, deal center the infrastructure Climate both its carried Tottenham It's signatory which Sports a state-of-the-art from UN a too of stadium, as of the the outcomes stadium Action of them greenest So, for and far zero being net and with the assets Tottenham first a actionable the of June. in Summit, Sports them, net the zero become carbon to their the
than what VivoPower be stadium large be and of is supplying guarantee battery the more then stadium. start the So, purpose be and with This by will likely sending venue's the the evaluating Vivo balance will installing or Arena solid Europe, to power Tottenham? in at state We'll and doing off the a supply. to megawatts X for largest any
we the grounds. full that, energy at sustainable to training suite to addition potential In evaluating their install solution are a
well that custom as battery electrical capacity, solar So, infrastructure include enable rooftop usage. micro as EV will panels, grid storage, to
digital official which process will fans. that respect be channels, XXX year audience stadium. had featured benefit to parallel from Tottenham football home club's the Hotspur as with the social to an in media matches at club's Also, on the partner, battery last in content popular million will of technology reach visibility over VivoPower the run signage on So,
moment. UK It attractive the deal UK in So, is we're world market for very is at excited in The storage SES. the by our this the battery deal. also the market for arguably first most
are this other in confident interest catalyze UK. to can we that corporates in deal what the VivoPower will further So, offer
last review, some were other to and the on completed in that corporate wrap-up strategic developments Just just the six months. operational
added significant London, So, is has we advisory terms world adding relevant Board, joined for in and of skills council are who Tembo. the in in plan, also We've based they value our us. particularly growth Gemma with to established an experience class Godfrey,
So, she has public media, services, extensive entrepreneurial experience and financial technology, in sustainability. policy
our who's New us has Sales for Nestor, On Solutions North for going Matthew Gary Sustainable which front, forward. Director the Director executive market of Zealand. key a as and us Australia for America, focus we hired is Energy Challinor joined
Counsel, we've just formally so, announcement recently hired a General that made will shortly. And be
has also that are to expect pleased we the XXth team making it to impact near publish, of term. social up. XX have the or on been And Real in hires globally the impact been environmental almost world. Readers, very we XXX top So in beefed the awards. add ranked companies, We're the And further awarded leading
activities winners By now other in Virginia new in presence also the utility the world's Toronto both the at being U.S. some in Canada, and well virtue maintain in of a include Netherlands We've the acquisition, as obviously Real companies. strong the Patagonia entity mining presence offices Tesla, Award to the Tembo we with Australian well Arowana. we to infrastructure continue the a Tembo present. Impact So, parent largest as as in EU homes base Reader as have of opened market. And of
financial the review, to that cover well. as jumping So I'll
versus So corresponding just and revenues previous period. million recap, for down were to half the million $XX.X were $XX.X
services there. million for the development by the half months comes results very contribution way wise, in was there's year, business and the of contribution little revenue. primarily profit Gross from revenue power last is really critical Australia. solid $X.X year Tembo's the this to two And As just
before mentioned versus still period. prior the overall margin As but down GP improved, it's
that the adjusted $X.XX in those expenses it's Group basic an the $X.X straight negative I'm corresponding previous matter. all to involving to period. cleared versus for costs previous versus Our relating at periods jump have that to was underlying $X.XX we $X.XX and CEO. in question. incurred EPS concluded, EBITDA non-recurring $X.XX that has the million say ended chapter million balance summary. versus On principally I'll There pleased relating to is been the the period. are positive sheet same litigation $X.X former a in basis, of were number expenses
of obviously at here of key $X.X from So the increase note sheets, as June is end million to unrestricted items the in cash the of the at in XX.X end as to terms the million balance December.
declined to that, in decrease result improved liabilities as increased and long-term of there's in And principally net In as addition equity liabilities. current well significantly, the a a in been capital raising year. a million, completed last to as updates. that of result have assets as decrease Thank profile million a from significantly that's we X.X in so Net October improved into debt for listening you today's XX.X the Company. credit
please free shareholders@vivopower.com. feel questions, email any have to you If
