Key Investment Highlights:
- Growing Market Need: Since 2015, 94% of new electricity generation within Australia has been via renewable energy sources, with such growth predicting the total addressable market for software and services of this type to reach US$1 billion per year within 5-10 years
- Accretive Acquisitions: Acquisitions of CQ Energy & EGSSIS continue to contribute revenue and cost synergies to the EOL business, with anticipated further bolt-on acquisitions expected to continue driving this growth, providing further opportunities to expand the product offering as well as cross-selling opportunities
- Strong Sales Pipeline: Recently announced the securing of a significant European project combined with the signing of an additional five smaller clients since June 2022, with expected future contract wins to come
- Organic Growth Opportunities: The combination of software along with the move into energy services provides EOL with a significant opportunity to assist new entrant renewable generators to sell their energy at market
