RPMGlobal (RUL) AGM 2024 summary

Opening remarks and agenda

• Meeting opened at 10:00 A.M. in Brisbane, held virtually via Computershare platform, enabling real-time participation, voting, and Q&A for shareholders and guests.

• Notice of meeting issued on 16th September 2024, with quorum confirmed and directors, key management, and audit partner present.

• Chairman Stephen Baldwin welcomed attendees and outlined the meeting agenda, including voting and Q&A procedures.

• CEO Richard Mathews delivered an address to shareholders.

• The agenda included financial statements, director remuneration, director re-elections, and a conditional spill resolution.

Financial performance review

• Market capitalization doubled over the year, rising from AUD 328 million to AUD 660 million, aided by a share buyback of 3.7 million shares.

• Software sales reached AUD 77 million, up 9.2% year-on-year, with 53% sold under Global Framework Agreements.

• Advisory division revenue increased by 20% (AUD 6.2 million), reflecting strong growth in batteries and critical minerals markets.

• Underlying EBITDA rose 28% to AUD 15.3 million, and over AUD 28 million invested in share buybacks since May 2022.

• FY25 guidance reconfirmed: revenue AUD 120–125 million, EBITDA AUD 17.5–19.5 million, profit before tax AUD 12.5–14.5 million.

Board and executive committee updates

• Directors and key management introduced, including CEO, CFO, General Counsel, and audit partner.

• Paul Scurrah and Angeleen Jenkins re-elected as non-executive directors, with their backgrounds and qualifications highlighted.

• Resolutions included the re-election of Mr Paul Scurrah and Ms Angeleen Jenkins as Non-Executive Directors.