EPX LIMITED — Capital/Financing Update 2024

Jan 22, 2024

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EP&T Global announces new Annual Contracts (ACV[1] )

23 January 2024

Building energy optimisation company EP&T Global Limited (ASX: EPX) is pleased to announce new ACV for the period 30 September 2023 to 23 January 2024.

Highlights

• EP&T reaffirms 30 June 2024 projected[2] ACV[1,2] of $16.0-$17.0m.

• New ACV[1] added for the period 30 September 2023 through to 23 January 2024 is $0.85m, includes:

• Additional six sites in Australia for a large existing Asian based diversified real estate customer, adding A$0.1m in new ACV;

• Additional eight sites in Europe and UK for an existing European based leading asset manager customer, adding A$0.75m in new ACV.

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Annual Contract Value ($m)
$18.0
$16.0-$17.0m
$17.0
$16.0
$0.1
$15.0
$0.75
$14.0
$13.0
$15.35
$14.50
$12.0
$11.0
$10.0
Sep-23 Euro asset ASEAN asset Jan-24 FY24 target
manager manager range
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With this new ACV, current (as at 23 January 2024) ACV is at $15.35m. In addition, total site numbers continue to increase, growing from 523 sites (June 2023) to 551 sites (January 2024). Details of new ACV is outlined further below.

1 ACV is defined as the annualised monthly fees charged under contracts on hand at each period end. ACV is calculated into Australian dollars based on historical long term exchange rates. On conversion to actual cashflow, the exchange rate prevailing at the time of billing may be higher or lower to the historical long term average exchange rates used to determine the ACV value

2 Projected financial information is predictive in character, may be affected by inaccurate assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. The projected range is based on near term opportunities, defined as sales opportunities which have not yet been signed but are in a progressed state of negotiation with customers, and identified pipeline opportunities, defined as customer opportunities which are in negotiation and may not occur. Further particulars were released by EP&T in its ASX release dated 30 November 2023.

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EP&T Global Limited ACN – 645 144 314 Suite 11.02, 213 Miller Street, North Sydney, NSW 2060

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EP&T expands portfolio with a major ASEAN based diversified real estate group in Australia

EP&T has monitored one hotel in Australia for a major ASEAN based diversified real estate group. We are pleased to announce a further 6 sites will be added. This will add new ACV of approx. $0.1m (being TCV[3] of $0.3m), plus additional capital revenue of approx. $0.2m. The 3-year agreement is scheduled for implementation starting in January 2024.

With a real estate portfolio covering multiple countries, EP&T looks forward to supporting this customer’s ESG journey.

Further Expansion with a leading European based asset manager

The successful rollout of EP&T’s proprietary EDGE platform to this existing customer’s 39 properties is achieving a reduction of over 21% in emissions and energy costs across the portfolio.

The portfolio energy cost savings delivered by EP&T equal or exceeds the costs of the EDGE platform. With such a compelling business case of lower carbon footprint for no additional cost or initial investment, the customer has contracted EP&T to roll the EDGE platform out to a further 8 properties.

Total sites on EP&T’s proprietary EDGE platform, will increase from the current 39 sites to 47 sites. This will add new ACV of A$0.75m, (being TCV[3] of approx. A$2.25m). The 3-year agreement is scheduled for implementation starting in February 2024.

EP&T will continue to work with this customer to further expand EDGE across their portfolio.

EP&T CEO, John Balassis said, “We are pleased with our ability to grow with our existing customers. We continue to improve and evolve our EDGE platform, to meet our customers sustainability needs. Whilst there is still work to do, I am pleased with our momentum.”

John added, “Our near-term pipeline remains good, and we continue to see growth opportunities in most of our markets. As regulatory requirements continue to evolve, with a higher need to use technology to optimise and reduce energy, we believe EP&T is well placed to play a role in helping building owners and managers.”

This announcement has been authorised for release to the ASX by the Board of EPX

John Balassis Patrick Harsas CEO CFO & Joint Company Secretary investor@eptglobal.com

3 TCV is defined as the total of all monthly fees charged under the contract over the total term of the contract. TCV is calculated into Australian dollars based on historical long term exchange rates.

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EP&T Global Limited ACN – 645 144 314 Suite 11.02, 213 Miller Street, North Sydney, NSW 2060

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ABOUT EP&T Global

EP&T Global is focussed on being the most trusted building efficiency platform provider. EP&T’s proprietary EDGE cloud platform is a data as a service platform that delivers sector leading energy cost and GHG emission reductions in commercial real estate. It combines multiple information sources including BMS, IoT and main meter data, with cloud-based data analytics to detect energy inefficiencies in buildings. This highly accurate and actionable data identification of faults and inefficiencies enables EP&T to collaborate with building managers to improve and optimise building plant operating systems.

EDGE data analytics collects and analyses BMS and metering data from a 500+ building, 7+ million sqm portfolio, identifying operational inefficiencies and providing accurate, actionable data that on average deliver 21% reduction in energy consumption. EP&T’s platform is a data repository incorporating 20+ years of building energy efficiency knowledge – collecting and analysing more than 5.6 billion points of data per annum with proprietary algorithmic analysis and machine learning.

www.eptglobal.com

EP&T Global Limited ACN – 645 144 314 Suite 11.02, 213 Miller Street, North Sydney, NSW 2060