Nuix (NXL) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land custodians and confirmation of quorum.

• Chairman Robert Mactier welcomed attendees and outlined the agenda, including addresses from the Chairman and CEO, followed by formal business.

• Housekeeping instructions and introduction of board members, executive team, and auditor.

• Agenda included chairman's address, CEO's review of FY24, and formal business proceedings.

Financial performance review

• Annualised Contract Value (ACV) reached AUD 211.5 million, up 14% on FY23.

• Statutory revenue was AUD 220.6 million, a 20.9% increase from FY23.

• Underlying EBITDA rose to AUD 64.4 million, up 38.7% on FY23; statutory EBITDA was AUD 55.9 million, up 60.2%.

• Underlying cash flow was AUD 24.7 million, up 171% from the prior year; overall cash flow positive at AUD 11.9 million.

• Net cash position increased to AUD 38.0 million, up 28.5% on FY23.

Board and executive committee updates

• Chad Barton, COO and CFO, stepped down at the end of August; Peter McClelland appointed as new CFO.

• Board composition includes Robert Mactier (Chairman), Jonathan Rubinsztein (CEO), Jeffrey Bleich (Deputy Chair), Alan Cameron AO, Jacqueline Korhonen, Sir Iain Lobban, and Sara Watts.

• Ilona Meyer serves as General Counsel and Company Secretary.

• Board and executive leadership team credited for driving transformation and growth.