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.

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

• CEO Richard Mathews delivered an address to shareholders.

• Notice of meeting issued on 16th September 2024 was taken as read, and introductions of board members and key management personnel were made.

• Formalities included instructions for voting and question submission, with a reminder that unanswered questions would be addressed later via email or disclosure.

Financial performance review

• Market capitalization doubled over the year, from AUD 328 million to AUD 660 million, despite 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 (GFAs).

• Advisory division revenue increased by 20% (AUD 6.2 million), with expansion in the batteries and critical minerals market.

• Underlying EBITDA rose 28% to AUD 15.3 million; share buyback extended, with 15.6 million shares acquired at an average price of AUD 1.81.

• FY2025 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

• Reappointment of Paul Scurrah and Angeleen Jenkins as non-executive directors, both recommended by the board and supported by shareholders.

• Board and Remuneration Committee acknowledged shareholder feedback and committed to ongoing review of remuneration practices.