Deloitte Australia CleanTech (DACT) Index
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Deloitte Australia CleanTech (DACT) Index February 2021 1
Contents
Executive summary 03
The CleanTech Sector in Australia 04
Market wrap – 31 December 2021 05
Focus Company: Reece 06
Positive contributions to the DACT 07
Negative contributions to the DACT 08
Sub-Indices Performance 09
DACT20 Index 10
Constituent Companies 11
Compilation of the DACT 15
Contact us 16
January 2021, Issue 8
Deloitte Australia CleanTech Index
Published quarterly by Deloitte
Brought to you by:
John O’Brien
Partner | Financial Advisory
CleanTech Specialist
Tel: +61 419 826 372
e-mail: johnobrien@deloitte.com.au
2
Deloitte Australia CleanTech Index
Executive Summary
Welcome to the Deloitte Australia CleanTech (DACT) Index Quarterly
Performance Report for 31 December 2020.
The Deloitte Australia
CleanTech (DACT) Index is a The continued outperformance of
quarterly review of cleantech stocks the cleantech sector compared to
listed in Australia and was launched the wider market signifies the size
in 2008. It is compiled from publicly of the opportunity that the sector
available information provided by offers for a future post-COVID
the Australian Securities Exchange world.
(ASX). The DACT Index is based on
the market capitalisation weighted To provide an analysis of the DACT
share price performance of listed Index, a number of sub-indices
companies that operate across a have been developed. Over the
number of defined sub-sectors. past quarter the performance of all
The impact of dividends and capital five sub-indices increased.
John O’Brien
returns are excluded from the
Partner | Financial Advisory
Index, which currently comprises 90 The sustainable minerals sub-index Energy Transition & Decarbonisation
companies. was the strongest performing sub-
index recording an impressive
During this quarter, the Australian 62.4% growth over the last quarter,
market accelerated in its recovery followed by the renewable energy
from the original shock of the sub-index with a 45.4%
COVID-19 pandemic. The ASX200 improvement.
expanded by 13.3% and the DACT
Index grew significantly by 33.9%, Notably, the 5-year performance of
signalling its important contribution the renewable energy sub-index
to a post-COVID recovery. It is boasts a 153.3% gain, and the
however noted that much of this efficiency and energy storage sub-
growth was delivered by the strong index recorded a 133.3% gain.
performance of Meridian Energy.
The growth in renewable energy
The 12 month performance of the and storage is supported by global
DACT is now well above its pre- efforts to shift away from fossil
COVID-19 value, with a significant fuels. Recently, this has included
31.8% improvement from the three of Australia’s top trading
previous year. Meanwhile, the value partners, China, Japan and South
of the ASX200 remains 1.5% less Korea, announcing net zero
than this time last year. emissions targets in late 2020.
Furthermore, the Biden
This brings the total to seven years Administration re-joined the Paris
in a row where the DACT has Climate Agreement on
outperformed the wider market Inauguration Day and will provide
and demonstrates how the sector is further global momentum.
maturing and growing.
The continued strong performance
The five-year performance of the of the cleantech sector signals
DACT boasts a 117.1% gain, promising opportunities for growth
compared to a 32.2% gain for the in a future low carbon, post-COVID
ASX200. economy.
3
The cleantech sector in Australia
Stocks with both environmental and economic benefits
Cleantech subsectors
Smart Grid & Energy
Solar
Biogas Generation Efficiency
Solar thermal,
Biomass digester gas, Demand response, grid
traditional photovoltaics,
landfill gas, biosyngas, management, peer-to-peer
concentrating photovoltaics,
waste-to-energy trading, energy efficiency,
nanotechnologies
home automation, IoT
Wind Energy Storage Green Buildings
Onshore, offshore, urban, & Fuel Cells Green building design,
turbines, developers, tower Energy storage systems, precinct design, products
and blade manufacturers, batteries, pumped hydro, and services, rating systems
community wind farms fuel cell technologies and building management
Biofuel Vehicle Technologies Biomaterials
Corn ethanol, sugar ethanol, Hybrid, plug-in hybrid, flex Organically based materials
cellulosic ethanol, biodiesel, fuel, hydrogen and electric and plastics, energy
algae production, biotech vehicles, recharging and materials and green
providers refuelling infrastructure chemistry
Water Carbon Trading
Wave, Tidal, Hydro
Utility management, Environmental offsets,
Surface and submerges
treatment technologies, carbon farming, soil
wave technologies, tidal,
desalination, water reuse, management, livestock
major and mini-hydro,
sensor technologies, water management and carbon
pumped storage schemes
efficiency trading
Waste Management
Geothermal Environmental Service
Recycling
Hot fractured rock, Providers
Residential and industrial
conventional geothermal, Environmental engineering,
waste collection and
technology and equipment specialist service and
disposal, recycling
providers equipment providers
operations
The cleantech sector is split into a number of sub-sectors, detailed above. Each of the sub-sectors contains
technologies and solutions with both environmental and economic benefits.
The cleantech sector is fundamentally different to Socially Responsible Investments (SRI) or Environmental, Social
and Governance (ESG) performance. SRI and ESG look at incremental improvements in company performance and
can be seen as ‘operational hygiene’ measures that find the best in class. Cleantech focuses on companies whose
output positively enhances the communities and ecologies in which they reside. It is about doing ‘more good’
rather than ‘less bad’.
There are currently 90 companies falling under the coverage of the Index: Parkway Minerals NL (PWN) was added
to the list and Collaborate Corporation Limited changed its name to Carly Holdings Limited (CL8). Leaf Energy
acquired Essential Queensland Pty Ltd and is still considered a Cleantech company. The index combined market
capitalisation, after its rebalance, of $73 billion, so the DACT Index presents a comprehensive picture of the
Australian cleantech sector in a single measure.
To provide a focus on the performance of the larger, more liquid stocks, we also track the performance of the
largest twenty companies by market capitalisation. The composition of the DACT20 is rebalanced every quarter and
highlights any differences between the smaller and larger stocks.
4
Deloitte Australia CleanTech Index
Market wrap –
31 December 2020
The performance of the DACT Index over the December 2020 quarter is detailed below.
% Change Last Quarter 12 Months 3 Years 5 Years
ASX200 13.3% (1.5%) 15.5% 32.2%
DACT Index 33.9% 31.8% 47.2% 117.1%
DACT20 36.0% 32.0% 55.3% 130.8%
Deloitte Australian CleanTech Index
Indices set at 100 at 31 Dec 2015
250
230
210
Index Value
190
170
150
130
110
90
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Dec 2015
Sep 2016
Dec 2016
Sep 2017
Dec 2017
Sep 2018
Dec 2018
Sep 2019
Dec 2019
Sep 2020
Dec 2020
Jun 2016
Jun 2017
Jun 2018
Jun 2019
Jun 2020
ASX200 CleanTech Index Australian CleanTech 20
5Focus Company: Reece Group
Australia’s leading distributor of plumbing, waterworks and HVAC-R products
20 Reece Group is a leading distributor of plumbing,
3 waterworks and HVAC-R products.
16 With a long history dating back to 1920, Reece has
2
Share Price (AUD)
penetrated trade, retail and commercial markets
12 across Australia, New Zealand and the United States
with over 800 branches.
8 Listed in 1974, the price of Reece stock has shown
1 impressive growth. In just the last five years, Reece
stock has grown by 102 per cent.
4
Its product range incorporates innovative energy and
water efficient solutions for business and home
0
environments. Currently 63 branches in Australia and
Dec-15
Sep-16
Dec-16
Sep-17
Dec-17
Sep-18
Dec-18
Sep-19
Dec-19
Sep-20
Dec-20
Mar-16
Jun-16
Mar-17
Jun-17
Mar-18
Jun-18
Mar-19
Jun-19
Mar-20
Jun-20
New Zealand are fitted with solar panels and Reece is
committed to continuing this roll out across its
branches in the future.
1. Full integration of Actrol Group 2. Acquisition of MORSCO
By December 2016, Reece completed the full integration In May 2018, Reece acquired MORSCO – a U.S.
of the Actrol Group, Australia’s leading wholesaler of air distributor of commercial and residential plumbing,
conditioning and refrigeration equipment with over 60 waterworks, heating, ventilation and air conditioning.
locations nationally. This established Reece as a business This move capitalised on the growing Sun Belt region
moving beyond plumbing. of the U.S. with growing demand for the same
customised service.
Reece is undertaking a number of sustainability initiatives,
3. Inclusion in ASX100
from solar powered stores to energy efficient products
and reduced plastic packaging. In December 2020, Reece joined the ASX100 in the
63 of its branches across Australia and New Zealand are quarterly rebalance. Reece celebrated its 100th year of
fitted with solar panels which collectively save 1,349 operation in 2020 and delivered a 10 per cent increase
tonnes of CO2 annually. in sales revenue in FY20. This increase was largely
driven by its U.S. business which grew by 20 per cent
Its energy and water efficient products include the DC-3 in sales revenue in FY20.
smart refrigeration system which saves 30 per cent of
energy used by regular units.
Reece has also recently worked with global suppliers to
reduce the use of pallet transport structures by 36 per
cent.
6
Source: Reece project inspiration galleryDeloitte Australia CleanTech Index
Positive contributions to
the DACT Index
Over the last quarter, only 64 of the 90 Contact Energy is one of New Zealand’s
companies positively contributed to the largest listed companies with over
DACT Index. The top three positive 550,000 customers across electricity,
contributors to the Index during this natural gas and liquified petroleum gas
quarter were Meridian Energy, Mercury products. In recent years it has invested in
NZ and Contact Energy. building its renewable generation
portfolio, achieving a 62 per cent
Meridian Energy is an electricity generator reduction in emissions from generation
and retailer whose electricity generation since 2012. Currently, over 80 per cent of
comes from 100 per cent renewable its generation comes from renewable
sources. As New Zealand’s largest sources.
electricity generator, it comprises five
wind farms, seven hydro power stations The companies that recorded the largest
and commercial solar arrays. percentage share price increases for the
three months to 31 December 2020 were:
Mercury NZ Limited (MCY) is an electricity
company in New Zealand. MCY invest in, • Papyrus Australia 237.5%
develop and produce electricity from • Ioneer 133.3%
renewable energy sources. MCY electricity • Leaf Energy 131.6%
generation comprises two complementary
fuel sources, Hydro and Geothermal. It
operates the nine hydro stations on the
Waikato River, five geothermal power
stations in the Central North Island and a
multi-unit gas-fired station in Auckland.
Table 1: Largest positive contributions to the Table 2: Largest share price increases in the
DACT Index in the December 2020 quarter December 2020 quarter
Change in
Market Cap Share Price
Company Company
Contribution Performance
($m)
Meridian Energy 6977 Papyrus Australia 237.5%
Mercury NZ 2301 Ioneer 133.3%
Contact Energy 1910 Leaf Energy 131.6%
Reece 1195 Syrah Resources 111.0%
Sims Metal Management 1180 Metro Performance Glass 110.0%
Tilt Renewables 1092 Mpower Group Ltd 108.0%
Nanosonics 707 1414 Degrees 100.0%
Orocobre 651 Cobalt Blue Holdings 100.0%
Source: Deloitte analysis, ASX, Capital IQ Source: Deloitte analysis, ASX, Capital IQ
7Deloitte Australia CleanTech Index
Negative contributions to
the DACT Index
The largest negative contribution on a The companies that recorded the largest
market capitalisation basis to the DACT percentage share price decreases for the
Index for the 2020 December quarter came 2020 December quarter were Aeris
from Seafarms Group. Environmental and Seafarms Group.
Table 3: Largest negative contributions to the Table 4: Largest share price decreases in the
DACT Index in the December 2020 quarter December 2020 quarter
Change in
Market Cap Share Price
Company Company
Contribution Performance
($m)
Seafarms Group (94) Aeris Environmental (39.6%)
Aeris Environmental (49) Seafarms Group (31.2%)
Buddy Platform (42) BlackEarth Minerals (30.8%)
Vmoto (28) Nanollose (25.0%)
CleanTeQ (26) Buddy Platform (23.5%)
Wide Open Agriculture (18) Volt Resources (23.1%)
RedFlow (8) RedFlow (22.6%)
Actinogen (7) Actinogen (22.2%)
Source: Deloitte analysis, ASX, Capital IQ Source: Deloitte analysis, ASX, Capital IQ
8Deloitte Australia CleanTech Index
Sub-indices performance
To allow a more granular analysis of the DACT Index, a number of sub-indices have been developed. The
performance of these sub-indices over the last five financial years and during 2Q of FY2021 is shown in the table and
charts below.
The performance of the DACT Index over the December 2020 quarter is detailed
below.
% Change Last Quarter 12 Months 3 Years 5 Years
Renewable Energy 45.4% 38.8% 113.3% 153.5%
Water 11.3% 13.5% 18.5% 92.9%
Waste 23.1% 11.6% 12.0% 115.9%
Sustainable Minerals 62.4% 92.1% (28.6%) N/A
Efficiency & Energy Storage 31.0% 33.3% 23.3% 133.3%
Deloitte Australian CleanTech Index
Sub-Indices Performance 2Q FY2021
Efficiency & Energy Storage
Sustainable Minerals
Waste
Water
Renewable Energy
- 20.0% 40.0% 60.0% 80.0%
Deloitte Australian CleanTech Index
Indices set at 100 at 31 Dec 2015
300
Renewable Energy
250
Water
200
Index Value
Waste
150
Sustainable Minerals
100
Efficiency & Energy Storage
50
0
Sep 2016
Sep 2017
Sep 2018
Sep 2019
Mar 2020
Sep 2020
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Jun 2017
Jun 2020
Dec 2020
Jun 2016
Jun 2018
Jun 2019
Dec 2015
Dec 2016
Dec 2017
Dec 2018
Dec 2019
9Deloitte Australia CleanTech Index
DACT20 Index
DACT20 Component Companies on 31 December 2020
The 20 largest Index constituents by market capitalisation on 31
December 2020 are provided in the table below. These companies
will form the constituents of the DACT20 until the Index is
rebalanced again on 31 March 2021.
Each of the constituents in the DACT20 has a market capitalisation of
more than $300m with an average market capitalisation of $3.4
billion.
Market Cap Ranking Company Ticker
1 Meridian Energy MEZ
2 Reece REH
3 Mercury NZ MCY
4 Contact Energy CEN
5 Cleanaway Waste CWY
6 Reliance Worldwide Corp RWC
7 Sims Metal Management SGM
8 Tilt Renewables TLT
9 Nanosonics NAN
10 Bingo Industries BIN
11 Orocobre ORE
12 Galaxy Resources GXY
13 Infigen Energy IFN
14 Australian Ethical Investment AEF
15 Ioneer INR
16 Piedmont Lithium Ltd PLL
17 Novonix NVX
18
Syrah Resources SYR
19 Beacon Lighting Corp BLX
20 New Energy Solar NEW
10Deloitte Australia CleanTech Index
Companies included in the DACT
Index as at 31 December 2020
Share Price Share Price Mkt Cap Mkt Cap Quarterly Quarterly Share
Rank Market Cap Price
Code Company Subsector Sep-20 Dec-20 Sep-20 Dec-20
Dec-20 Change Performance
$ $ ($m) ($m) ($m) (%)
1 MEZ Meridian Energy Renewable Energy 4.58 7.1 12,681.3 19,658.8 6,977.5 55.0%
2 REH Reece Water 12.95 14.8 8,365.5 9,560.6 1,195.1 14.3%
3 MCY Mercury NZ Renewable Energy 4.71 6.27 6,947.7 9,248.9 2,301.2 33.1%
4 CEN Contact Energy Renewable Energy 6.15 8.61 4,775.6 6,685.8 1,910.2 40.0%
5 CWY Cleanaway Waste Waste 2.09 2.35 4,297.7 4,832.4 534.6 12.4%
Reliance Worldwide
6 RWC Water 3.82 4.05 2,991.8 3,171.9 180.1 6.0%
Corp
Sims Metal
7 SGM Waste 7.58 13.45 1,524.4 2,704.9 1,180.5 77.4%
Management
8 TLT Tilt Renewables Renewable Energy 3.37 6 1,399.7 2,492.0 1,092.3 78.0%
9 NAN Nanosonics Efficiency & Energy Storage 5.68 8.03 1,708.7 2,415.6 706.9 41.4%
10 BIN Bingo Industries Waste 2.42 2.44 1,582.6 1,595.7 13.1 0.8%
11 ORE Orocobre Sustainable Minerals 2.48 4.47 811.3 1,462.3 651.0 80.2%
12 GXY Galaxy Resources Sustainable Minerals 1.135 2.23 464.8 913.1 448.4 96.5%
13 IFN Infigen Energy Renewable Energy 0.92 0.93 893.1 902.8 9.7 1.1%
Australian Ethical
14 AEF Others 4.46 5.03 501.2 565.3 64.1 12.8%
Investment
15 INR Ioneer Sustainable Minerals 0.12 0.28 201.9 471.0 269.1 133.3%
16 PLL Piedmont Lithium Ltd Sustainable Minerals 0.305 0.365 389.0 465.5 76.5 19.7%
17 NVX Novonix Efficiency & Energy Storage 1.03 1.21 362.2 425.5 63.3 17.5%
18 SYR Syrah Resources Sustainable Minerals 0.455 0.96 188.8 398.3 209.5 111.0%
19 BLX Beacon Lighting Corp Efficiency & Energy Storage 1.33 1.68 297.0 375.2 78.2 26.3%
20 NEW New Energy Solar Renewable Energy 0.805 0.865 286.0 307.3 21.3 7.5%
21 AEB Algae.Tec Others 0.009 2.57 8.8 257.4 248.6 -
22 JRV Jervois Mining Sustainable Minerals 0.305 0.39 196.2 250.9 54.7 27.9%
11Deloitte Australia CleanTech Index
Companies included in the DACT
Index as at 31 December 2020
Share Price Share Price Mkt Cap Mkt Cap Quarterly Quarterly
Rank Market Cap Share Price
Code Company Subsector Sep-20 Dec-20 Sep-20 Dec-20
Dec-20 Change Performance
$ $ ($m) ($m) ($m) (%)
23 SFG Seafarms Group Others 0.125 0.086 302.8 208.3 (94.5) (31.2%)
24 EVS EnviroSuite Others 0.155 0.185 158.8 189.6 30.7 19.4%
25 CLQ CleanTeQ Water 0.285 0.25 212.7 186.6 (26.1) (12.3%)
26 D2O Duxton Water Water 1.325 1.405 158.2 167.7 9.6 6.0%
27 PPG Pro-Pac Packaging Efficiency & Energy Storage 0.18 0.2 146.0 162.2 16.2 11.1%
Phoslock
28 PET Environmental Water 0.245 0.245 153.1 153.1 - -
Technologies
29 NMT Neometals Sustainable Minerals 0.195 0.275 106.3 150.0 43.6 41.0%
30 MNS Magnis Resources Sustainable Minerals 0.195 0.2 137.9 141.4 3.5 2.6%
31 FLC Fluence Corp Water 0.225 0.225 140.6 140.6 - -
32 BUD Buddy Platform Efficiency & Energy Storage 0.068 0.052 176.9 135.3 (41.6) (23.5%)
33 FGR First Graphite Sustainable Minerals 0.145 0.25 76.2 131.4 55.2 72.4%
34 SDV SciDev Waste 0.665 0.81 101.2 123.3 22.1 21.8%
35 VMT Vmoto Others 0.54 0.44 148.8 121.3 (27.6) (18.5%)
36 GNX Genex Power Renewable Energy 0.195 0.235 99.7 120.2 20.5 20.5%
Metro Performance
37 MPP Efficiency & Energy Storage 0.2 0.42 53.8 112.9 59.1 110.0%
Glass
38 HZR Hazer Group Efficiency & Energy Storage 0.54 0.805 73.6 109.7 36.1 49.1%
39 SES SECOS Group Efficiency & Energy Storage 0.155 0.2 81.4 105.0 23.6 29.0%
40 GAP Gale Pacific Efficiency & Energy Storage 0.24 0.36 66.1 99.1 33.0 50.0%
41 OEC Orbital Corporation Others 1.21 1.16 93.9 90.0 (3.9) (4.1%)
42 WOA Wide Open Agriculture Others 1.09 0.89 100.0 81.7 (18.4) (18.3%)
43 QTM Quantum Energy Renewable Energy 0.05 0.066 56.4 74.5 18.1 32.0%
44 AEI Aeris Environmental Others 0.505 0.305 122.5 74.0 (48.5) (39.6%)
12Deloitte Australia CleanTech Index
Companies included in the DACT
Index as at 31 December 2020
Share Price Share Price Mkt Cap Mkt Cap Quarterly Quarterly
Rank Market Cap Share Price
Code Company Subsector Sep-20 Dec-20 Sep-20 Dec-20
Dec-20 Change Performance
$ $ ($m) ($m) ($m) (%)
45 HRL HRL Holdings Renewable Energy 0.105 0.14 51.9 69.2 17.3 33.3%
46 BLG Bluglass Efficiency & Energy Storage 0.073 0.09 52.5 64.8 12.2 23.3%
47 BKT Black Rock Mining Sustainable Minerals 0.058 0.096 38.8 64.2 25.4 65.5%
48 EGR EcoGraf Limited Sustainable Minerals 0.185 0.17 67.3 61.9 (5.5) (8.1%)
Lithium Power
49 LPI Sustainable Minerals 0.175 0.22 46.0 57.9 11.8 25.7%
International
50 TON Triton Minerals Sustainable Minerals 0.053 0.051 60.1 57.9 (2.3) (3.8%)
51 CLX Calix Efficiency & Energy Storage 0.6 0.735 45.0 55.1 10.1 22.5%
Integrated Green
52 IGE Waste 0.13 0.13 54.1 54.1 - -
Energy Solutions
53 LIT Lithium Australia Sustainable Minerals 0.053 0.066 42.0 52.3 10.3 24.5%
54 RFT Rectifier Technologies Efficiency & Energy Storage 0.04 0.038 54.7 52.0 (2.7) (5.0%)
55 EDE Eden Innovations Efficiency & Energy Storage 0.026 0.025 48.8 46.9 (1.9) (3.8%)
56 14D 1414 Degrees Efficiency & Energy Storage 0.135 0.27 23.4 46.9 23.4 100.0%
57 PO3 Purifloh Ltd Water 1.61 1.44 50.7 45.4 (5.4) (10.6%)
58 CPV Clearvue Technologies Renewable Energy 0.28 0.32 38.8 44.3 5.5 14.3%
59 COB Cobalt Blue Holdings Sustainable Minerals 0.09 0.18 21.4 42.7 21.4 100.0%
60 KPO Kalina Power Renewable Energy 0.027 0.038 30.3 42.6 12.3 40.7%
61 AVL Australian Vanadium Sustainable Minerals 0.013 0.014 38.0 40.9 2.9 7.7%
62 DEM De.Mem Water 0.24 0.23 42.1 40.4 (1.8) (4.2%)
Technology Metals
63 TMT Sustainable Minerals 0.265 0.325 32.6 40.0 7.4 22.6%
Australia
64 PG1 Pearl Global Waste 0.105 0.095 31.3 28.3 (3.0) (9.5%)
65 VPR Volt Power Group Efficiency & Energy Storage 0.003 0.003 27.5 27.5 (0.0) -
66 RFX RedFlow Efficiency & Energy Storage 0.031 0.024 35.2 27.3 (8.0) (22.6%)
13Deloitte Australia CleanTech Index
Companies included in the DACT
Index as at 31 December 2020
Share Price Share Price Mkt Cap Mkt Cap Quarterly Ma Quarterly Share
Rank rket Cap Price
Code Company Subsector Sep-20 Dec-20 Sep-20 Dec-20
Dec-20 Change Performance
$ $ ($m) ($m) ($m) (%)
67 BAT Battery Minerals Sustainable Minerals 0.014 0.02 18.5 26.4 7.9 42.9%
68 ACW Actinogen Others 0.027 0.021 30.1 23.4 (6.7) (22.2%)
69 CCE Carnegie Clean Energy Renewable Energy 0.0015 0.002 16.7 22.3 5.6 33.3%
70 MVL Graphex Mining Sustainable Minerals 0.058 0.051 24.0 21.1 (2.9) (12.1%)
71 CG1 Carbonxt Others 0.185 0.17 22.3 20.5 (1.8) (8.1%)
72 VRC Volt Resources Sustainable Minerals 0.013 0.01 26.3 20.2 (6.1) (23.1%)
73 PWN Parkway Minerals NL Water 0 0.01 - 19.4 19.4 N/A
74 TTI Traffic Technologies Efficiency & Energy Storage 0.032 0.039 15.4 18.8 3.4 21.9%
75 PPY Papyrus Australia Waste 0.016 0.054 4.8 16.3 11.5 237.5%
76 LER Leaf Energy Others 0.019 0.044 6.7 15.6 8.9 131.6%
77 BSM Bass Metals Sustainable Minerals 0.0035 0.0035 13.7 13.7 - -
78 CL8 Carly Holdings Ltd Others 0.008 0.20 9.2 11.0 1.8 (2.5%)
79 KTE K2 Energy Renewable Energy 0.022 0.036 6.6 10.8 4.2 63.6%
80 RGI Roto-Gro International Others 0.045 0.063 6.8 9.5 2.7 40.0%
81 MPR Mpower Group Ltd Renewable Energy 0.025 0.052 4.0 8.3 4.3 108.0%
82 EGL Environmental Group Others 0.027 0.031 6.8 7.8 1.0 14.8%
83 EAX Energy Action Efficiency & Energy Storage 0.215 0.29 5.6 7.5 1.9 34.9%
84 RAN Range International Waste 0.01 0.019 3.6 6.9 3.3 90.0%
85 BEM BlackEarth Minerals Sustainable Minerals 0.065 0.045 9.2 6.4 (2.8) (30.8%)
86 SIS Simble Sense Efficiency & Energy Storage 0.028 0.031 5.7 6.3 0.6 10.7%
87 BIQ BuildingIQ Efficiency & Energy Storage 0.01 0.016 3.7 6.0 2.2 60.0%
88 NC6 Nanollose Waste 0.072 0.054 7.6 5.7 (1.9) (25.0%)
89 RNE ReNu Energy Renewable Energy 0.028 0.04 3.4 4.8 1.4 42.9%
90 POW Protean Wave Energy Renewable Energy 0.011 0.012 3.5 3.8 0.3 9.1%
14Deloitte Australia CleanTech Index
Compilation of the DACT Index
Compilation of the DACT Index About Deloitte Energy Team For more information regarding the
The quarterly DACT Index is compiled from As one of Australia’s leading professional Deloitte Australia CleanTech Index,
publicly available information provided by the services firms, Deloitte Touche Tohmatsu and please contact:
ASX on the share prices and market its affiliates provide audit, tax, consulting and
capitalisation of each cleantech listed financial advisory services through John O’Brien
company. approximately 9,000 people across the Partner, Energy Transition &
country. Decarbonisation
A company is included on the DACT Financial Advisory
Index if the majority of its revenues are from a Deloitte’s Energy & Climate Advisory team has Tel: +61 419 826 372
recognised cleantech sub-sector. the experience and expertise to help the e-mail: johnobrien@deloitte.com.au
The information on cleantech listed energy industry face the challenges of today
companies is extracted to provide a market and tomorrow. We have a diverse team of
capitalisation weighted share price index experts from a wide range of backgrounds,
for all cleantech companies, broadly including networks, retailers, regulators and
in line with the methodology adopted for government.
the compilation of the S&P/ASX 200 Index.
The impact of dividends and capital returns We know the market, and have helped many
has been excluded from the DACT Index. energy sector participants, new entrants,
investors, large consumers and governments
The base period of the DACT Index with a diverse range of solutions, including
is 31 December 2015, and for the purposes of strategy, forecasting, planning and both
the Index this month is given a notional value financial and energy market modelling.
of 100. If a company has been delisted during
a particular period, no data will be included Disclaimer of liability
for that month and all subsequent months This Index has been prepared as general
until the company is relisted. Historical information only and does not consider the
information regarding the company will specific objectives, situation or needs of
continue to be included in the calculation of anyone including any member of its
the DACT index. target audience. You should not rely on the
information in the DACT Index or disclose it or
The positive and negative contributions to the refer to it in any document.
DACT Index are determined on the basis of a
company’s size by market capitalisation Deloitte does not accept any duty of care or
relative to the total size of the index and its liability to anyone regarding this Index or any
share price performance from the time the of its content and we are not responsible to
firm was added to the DACT Index. anyone for any loss suffered in connection
with the use of this Index or any of its content.
We make no representation or warranty about
the accuracy of the information in the Index.
Circumstances might have changed since the
date this Index was prepared.
15Deloitte Australia CleanTech Index
Contact us
Please feel free to contact any of the following to discuss how we can achieve your Energy Transition goals:
John O’Brien Sandra James Kumar Padisetti
Partner, Energy Transition Partner, Energy Transition Partner, Energy Transition
Financial Advisory Financial Advisory Financial Advisory
T: 0419 826 372 T: 0408 799 360 T: 0412 199 065
E: johnobrien@deloitte.com.au E: sanjames@deloitte.com.au E: kpadisetti@deloitte.com.au
Emma Fishburn Shari Boyd
Director Associate Director
Energy Transition Energy Transition
Financial Advisory Financial Advisory
T: 0438 141 985 T: 0468 735 371
E: efishburn@deloitte.com.au E: sboyd@deloitte.com.au
Elizabeth Boylan Rachel Leaver
Associate Director Associate Director
Energy Transition Energy Transition
Financial Advisory Financial Advisory
T: 0428 352 067 T: 0438 187 332
E: eboylan@deloitte.com.au E: rleaver@deloitte.com.au
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