Deloitte Australian CleanTech (DACT) Index
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Deloitte Australian CleanTech (DACT) Index May 2020 1
Contents
Executive summary 03
The CleanTech Sector in Australia 04
Market wrap – 31 March 2020 05
Focus Company: Mercury NZ 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 14
Contact us 15
May 2020, Issue 5
Deloitte Australian CleanTech Index
Published quarterly by Deloitte
Brought to you by:
John O’Brien
Partner | Financial Advisory
CleanTech Specialist
Tel: +61 8 8407 7168
e-mail: johnobrien@deloitte.com.au
2
Deloitte Australian CleanTech Index
Executive Summary
Welcome to the Deloitte Australian CleanTech (DACT) Index Quarterly
Performance Report for 31 March 2020.
The Deloitte Australian
CleanTech (DACT) Index is a Despite this, with the clean tech
quarterly review of cleantech sectors track record for
stocks listed in Australia. It is outperforming the market in the
compiled from publicly available long term, the DACT index
information provided by the should recover from this market
Australian Securities Exchange disruption. The 5 year
(ASX). The DACT Index is based performance of the DACT still
on the market capitalisation boasts a 24% gain, compared to
weighted share price 8.5% loss for the ASX200.
performance of listed companies .
that operate across a number of To provide an analysis of the
defined sub-sectors. The impact DACT Index, a number of sub-
of dividends and capital returns indices have been developed.
are excluded from the Index, Over the quarter, all sub-indices
which currently comprises 92 performed poorly in line with the
companies. wider market. Four of the five
sub-indices fell by at least 20%,
The Australian market was hit with the Sustainable Minerals
hard again this quarter with the being the poorest performing. John O’Brien
effects of COVID-19. Pressure The Renewable Energy sub- Partner | Financial Advisory
was felt across all areas of the index was the strongest Energy Transition & Renewables
economy. However, showing performing sub-index, driven by
some slight resilience, whilst the the larger constituents of the
ASX200 fell by 24%, the DACT index and more resilient nature of
index only fell by 21.1%. As a the sector.
result, the year to date
performance of both indexes has The COVID-19 outbreak has
also been heavily impacted by brought with it an abundance of
COVID-19. uncertainty to the world's
markets. Not since the global
Governments both domestically financial crisis of 2008 have so
and internationally, have many questions surrounding
implemented new restrictions market outlook been left
and constraints to curb the unanswered. Whilst the sector
spread of the virus and relieve has been hit almost as hard as
the stress on health care systems the total market, it will be
by attempting to flatten the curve. interesting to see if there is a
Due to the severity of the COVID- more rapid recovery in stock
19 pandemic, these new prices for the industries of the
restrictions are expected to future over the next 3-6 months.
continue for at least another
quarter.
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, landfill gas, Demand response, grid
traditional photovoltaics,
biosyngas, management, peer-to-peer
concentrating photovoltaics,
waste-to-energy trading, energy efficiency, home
nanotechnologies
automation, IoT
Wind Energy Storage Green Buildings
Onshore, offshore, urban, turbines, & Fuel Cells Green building design, precinct
developers, tower and blade Energy storage systems, batteries, design, products and services,
manufacturers, community wind pumped hydro, fuel cell rating systems and building
farms technologies management
Vehicle Technologies
Biofuel Biomaterials
Hybrid, plug-in hybrid, flex fuel,
Corn ethanol, sugar ethanol, Organically based materials and
hydrogen and electric vehicles,
cellulosic ethanol, biodiesel, algae plastics, energy materials and
recharging and refuelling
production, biotech providers green chemistry
infrastructure
Wave, Tidal, Hydro Water Carbon Trading
Surface and submerges wave Utility management, treatment Environmental offsets, carbon
technologies, tidal, major and technologies, desalination, water farming, soil management,
mini-hydro, pumped storage reuse, sensor technologies, water livestock management and carbon
schemes efficiency trading
Environmental Service
Geothermal Waste Management Recycling
Hot fractured rock, conventional Residential and industrial waste
Providers
Environmental engineering,
geothermal, technology and collection and disposal, recycling
specialist service and equipment
equipment providers operations
providers
The cleantech sector is split into a number of sub-sectors as detailed above. Each of the sub-sectors contains
technologies and solutions that have 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’.
With 92 companies falling under the coverage of the Index and with a combined market capitalisation, after its
rebalance, of $41.9 billion, the DACT Index presents a comprehensive picture of the Australian cleantech sector
in a single measure.
To provide a focus on the performance of the larger, more liquid stocks, we also track the performance of the
largest twenty companies by market capitalisation. The composition of this DACT20 is rebalanced every quarter
and highlights any differences between the smaller and larger stocks.
4Deloitte Australian CleanTech Index
Market wrap –
31 March 2020
The performance of the DACT Index over the March 2020 quarter is detailed below.
% Change Last Quarter 12 Months 3 Years 5 Years
ASX200 -24.0% -18.8% -8.0% -8.4%
DACT Index -21.1% -12.1% 2.2% 24.0%
DACT20 -20.3% -9.1% 9.3% 29.6%
Deloitte Australian Clean Tech Index
190
Indices set at 100 at 31 Dec 2015
180
170
ASX200
160
Index Value
150
Clean Tech
140 Index
130
Australian
120 CleanTech 20
110
100
90
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Dec 2015
Sep 2016
Dec 2016
Sep 2017
Dec 2017
Sep 2018
Dec 2018
Sep 2019
Dec 2019
Jun 2016
Jun 2017
Jun 2018
Jun 2019
5Focus Company: Mercury NZ
Enabling the energy transition
6
5 3
2
Closing Price ($)
4
1
3
2
1
0
Apr-17
Apr-15
Jun-15
Apr-16
Jun-16
Jun-17
Apr-18
Jun-18
Apr-19
Jun-19
Aug-15
Feb-16
Feb-17
Feb-18
Dec-15
Aug-16
Dec-16
Aug-17
Dec-17
Aug-18
Feb-19
Feb-20
Dec-18
Aug-19
Dec-19
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Mercury NZ Limited (ASX:MCY) - Share Price
Mercury NZ Limited (ASX:MCY) is an electricity company in New Zealand. MCY invests in, develops and
produces electricity from renewable and other energy sources and sells energy and energy related
services and products to retail and wholesale customers.
MCY electricity generation comprises two complementary fuel sources, Hydro and Geothermal. Mercury
operates 13 power stations in the Waikato region. In total, the company has 1,420 MW of generating
capacity - composed of 1,109MW hydroelectric and 311MW geothermal, with 222MW of wind generation
scheduled to be commissioned by late CY2021. Mercury already generates around 6,600 GWh of
renewable electricity per annum, approximately 16% of New Zealand’s total electricity generation.
MCY sells electricity through multiple channels and retail brands including Mercury Energy, GLO-BUG,
Bosco Connect and Tiny Mighty Power.
1. A well established stable 2. Commitment to further wind
3. Effects of COVID-19
company generation
MCY was established in 1994, In 2019, MCY committed to MCY was not exempt from the
however over 65% of its constructing 60 wind turbines at market impacts from the World’s
generation assets were Turitea in New Zealand in two response to COVID-19. However,
commissioned prior to 1965. stages. the end of the quarter saw a slight
correction upwards of MCY share
The composition of the MCY MCY contracted with Vestas, the
price.
generation portfolio ensures the world’s largest wind turbine
long term viability of the supplier, to construct and MCY is well positioned to capture
company. maintain the Turitea wind farm. further solid long-term demand
Mercury is contracting separately growth as renewable electricity’s
Investor confidence in MCY is
with Electrix Limited and advantages are increasingly
evidenced through the long term
Transpower for the design and unlocked through technology
stability and steady growth in the
construction of the transmission advances in applications such as
share price since 2015.
assets, with these assets to cater transport and industrial heat, and
for further generation in the as consumers demand cheaper,
region. cleaner, locally generated and
low-carbon sources of energy to
The overall cost for the project is
power their lives.
estimated to be $464 million.
6Deloitte Australian CleanTech Index
Positive contributions to
the DACT Index
Over the last quarter, only 4 of the 92 companies currently the subject of a potential takeover and
positively contributed to the DACT Index. Due to privatisation bid from a consortium comprising of
the current economic conditions, the greatest Andrew “Twiggy” Forrest’s Squadron Wind
positive contributors are to be found amongst the Energy Development Pty Ltd and an investment
smallest constituent companies. The top three vehicle of funds managed by Federation Asset
positive contributors to the Index during this Management Holdings, which is currently an
quarter were Aeris Environmental, Windlab and 18.7% shareholder.
Orbital Corporation
Orbital Corporation Limited (OEC) is an industrial
Aeris Environmental Ltd (AEI) is engaged in technology company that delivers its products
research, development, commercialisation of and services to the aerospace, mining &
proprietary technologies and global distribution of industrial, accelerator and consumer sectors.
the AerisGuard range of products; provision of
HVAC/R Hygiene and Remediation Technology; The companies that recorded the largest
and provision of Energy Efficiency solutions.. percentage share price increases for the three
months to 31 March 2020 were the same as the
Windlab Limited (WND) is an international top index contributors:
renewable energy development company with a
distinct competitive advantage in the development • Aeris Envrionmental 59.4%
of global wind energy projects. Windlab • Windlab 30.3%
participates in wind generation projects from • Orbital increased 20%
inception through development, financing,
construction and the asset management of
operating wind farms. It currently has four assets
that are currently operational in Australia. It is
Table 1: Largest positive contributions to Table 2: Largest share price increases in
the DACT Index in the March 2020 the March 2020 quarter
quarter
Change in
Market Cap Share Price
Company Company
Contribution Performance
($m)
Aeris Environmental 41 Aeris Environmental 59.4%
Windlab 15 Windlab 30.3%
Orbital Corporation 5 Orbital Corporation 20.0%
Kalina Power 1 Kalina Power 3.3%
Source: Deloitte analysis, ASX, Capital IQ Source: Deloitte analysis, ASX, Capital IQ
7Deloitte Australian 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 March quarter came 2019 March quarter were Bluglass and
from Meridian Energy. BuildingIQ
Table 3: Largest negative contributions to the Table 4: Largest share price decreases in the
DACT Index in the March 2020 quarter March 2020 quarter
Change in
Market Cap Share Price
Company Company
Contribution Performance
($m)
Meridian Energy -2149 Bluglass (77.8%)
Reece -1324 BuildingIQ (75.0%)
Reliance Worldwide Corp -1127 Buddy Platform (73.5%)
Sims Metal Management -929 Graphex Mining (71.1%)
Contact Energy -896 Clearvue Technologies (68.4%)
Mercury NZ -860 Carbonxt (68.3%)
Cleanaway Waste -646 Energy Action (63.6%)
Bingo Industries -615 Beacon Lighting Corp (58.5%)
Source: Deloitte analysis, ASX, Capital IQ Source: Deloitte analysis, ASX, Capital IQ
8Deloitte Australian 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 each of these sub-indices over the last five financial years and during 3Q of FY2020 is shown in
the table and charts below.
% Change Last Quarter 12 Months 3 Years 5 Years
Renewable Energy -16.0% -0.2% 35% 50%
Water -26.4% -20.7% -5% 24%
Waste -27.0% -22.8% -5% 6%
Sustainable Minerals -31.2% -50.9% N/A N/A
Efficiency & Energy Storage -24.0% -10.3% -10% 41%
Deloitte Australian Clean Tech Index
Sub-Indices Performance 2Q FY2020
Efficiency & Energy
Storage
Sustainable Minerals
Waste
Water
Renewable Energy
-40% -30% -20% -10% 0%
Deloitte Australian Clean Tech Index
Indices set at 100 at 31 Dec 2015
250
Waste Renewable
Energy
200
Water
Water
Index Value
150 E&E Storage Waste
100 Renewable Sustainable
Energy Minerals
Efficiency &
50 Energy Storage
Sustainable Minerals
0
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
Jun 2016
Jun 2017
Jun 2018
Jun 2019
9Deloitte Australian CleanTech Index
DACT20 Index
DACT20 Component Companies on 31 March 2020
The 20 largest Index constituents by market capitalisation on 31 March 2020 are provided in the table below.
These companies will form the constituents of the DACT20 until the Index is rebalanced again on 30 June 2020.
Each of the constituents in the DACT20 has a market capitalisation of more than $110m with an average market
capitalisation of $2 billion.
Market Cap Company Ticker
Ranking
1 Meridian Energy MEZ
2 Mercury NZ MCY
3 Reece REH
4 Contact Energy CEN
5 Cleanaway Waste CWY
6 Reliance Worldwide Corp RWC
7 Nanosonics NAN
8 Tilt Renewables TLT
9 Sims Metal Management SGM
10 Bingo Industries BIN
11 Orocobre ORE
12 Infigen Energy IFN
13 Australian Ethical Investment AEF
14 New Energy Solar NEW
15 Galaxy Resources GXY
16 Phoslock Environmental Technologies PET
17 Fluence Corp FLC
18 Duxton Water D2O
19 Ioneer INR
20 Beacon Lighting Corp BLX
10Deloitte Australian CleanTech Index
Companies included in the DACT
Index as at 31 March 2020
Share Price Share Price Mkt Cap Mkt Cap Quarterly Quarterly
Rank Market Cap Share Price
Code Company Subsector Dec-19 Mar-20 Dec-19 Mar-20 Change Performance
Mar-20
$ $ ($m) ($m) ($m) (%)
1 MEZ Meridian Energy Renewable Energy 4.83 4.02 12,812 10,663 -2,149 (16.80%)
2 MCY Mercury NZ Renewable Energy 4.80 4.20 6,880 6,020 -860 (12.50%)
3 REH Reece Water 11.46 9.10 6,427 5,103 -1,324 (20.60%)
4 CEN Contact Energy Renewable Energy 6.95 5.73 5,120 4,224 -896 (17.50%)
5 CWY Cleanaway Waste Waste 2.01 1.70 4,123 3,477 -646 (15.70%)
Reliance Worldwide
6 RWC Water 4.04 2.60 3,162 2,035 -1,127 (35.60%)
Corp
Efficiency & Energy
7 NAN Nanosonics 6.35 5.60 1,908 1,683 -225 (11.80%)
Storage
8 TLT Tilt Renewables Renewable Energy 3.25 2.85 1,514 1,327 -186 (12.30%)
Sims Metal
9 SGM Waste 10.67 6.11 2,174 1,245 -929 (42.70%)
Management
10 BIN Bingo Industries Waste 2.84 1.90 1,857 1,242 -615 (33.10%)
11 ORE Orocobre Sustainable Minerals 2.65 2.09 694 547 -147 (21.10%)
12 IFN Infigen Energy Renewable Energy 0.65 0.43 625 409 -216 (34.60%)
Australian Ethical
13 AEF Others 3.84 3.35 430 376 -55 (12.80%)
Investment
14 NEW New Energy Solar Renewable Energy 1.36 1.03 477 360 -118 (24.60%)
15 GXY Galaxy Resources Sustainable Minerals 0.93 0.80 379 328 -51 (13.50%)
Phoslock
16 PET Environmental Water 0.81 0.52 455 291 -164 (36.00%)
Technologies
17 FLC Fluence Corp Water 0.43 0.30 269 187 -81 (30.20%)
18 D2O Duxton Water Water 1.44 1.30 174 157 -17 (9.70%)
19 INR Ioneer Sustainable Minerals 0.19 0.08 319 134 -185 (57.90%)
Beacon Lighting Efficiency & Energy
20 BLX 1.21 0.50 265 110 -155 (58.50%)
Corp Storage
21 AEI Aeris Environmental Others 0.32 0.51 68 109 41 59.40%
22 SYR Syrah Resources Sustainable Minerals 0.47 0.26 194 108 -87 (44.70%)
23 JRV Jervois Mining Sustainable Minerals 0.21 0.15 132 96 -35 (26.80%)
24 CLQ CleanTeQ Water 0.21 0.13 153 93 -60 (39.00%)
25 NMT Neometals Sustainable Minerals 0.19 0.14 103 76 -27 (26.30%)
26 SFG Seafarms Group Others 0.07 0.04 148 76 -72 (48.60%)
27 PO3 Purifloh Ltd Water 4.25 2.20 134 69 -65 (48.20%)
Efficiency & Energy
28 PPG Pro-Pac Packaging 0.11 0.08 89 67 -22 (24.50%)
Storage
29 WND Windlab Renewable Energy 0.71 0.93 48 63 15 30.30%
30 GNX Genex Power Renewable Energy 0.23 0.15 90 60 -30 (33.30%)
11Deloitte Australian CleanTech Index
Companies included in the DACT
Index as at 31 March 2020
Share Price Share Price Mkt Cap Mkt Cap Quarterly Quarterly
Rank Market Cap Share Price
Code Company Subsector Dec-19 Mar-20 Dec-19 Mar-20 Change Performance
Mar-20
$ $ ($m) ($m) ($m) (%)
31 EVS EnviroSuite Others 0.23 0.13 107 58 -49 (45.70%)
32 SDV SciDev Waste 0.63 0.43 80 54 -26 (32.00%)
Integrated Green
33 IGE Waste 0.16 0.13
Energy Solutions 67 54 -12 (18.80%)
Metro Performance Efficiency & Energy
34 MPP 0.29 0.27
Glass Storage 53 49 -4 (6.90%)
35 FGR First Graphite Sustainable Minerals 0.14 0.10 64 45 -19 (29.60%)
Efficiency & Energy
36 CLX Calix 0.76 0.58
Storage 57 44 -13 (23.20%)
37 HRL HRL Holdings Renewable Energy 0.12 0.09 57 42 -15 (26.10%)
Efficiency & Energy
38 EDE Eden Innovations 0.04 0.02
Storage 67 41 -26 (38.50%)
39 VMT Vmoto Others 0.25 0.17 55 37 -18 (32.70%)
Efficiency & Energy
40 HZR Hazer Group 0.39 0.32
Storage 44 36 -8 (17.90%)
Efficiency & Energy
41 RFT Rectifier Technologies 0.05 0.03
Storage 63 34 -29 (45.70%)
42 MNS Magnis Resources Sustainable Minerals 0.08 0.05
50 34 -16 (32.50%)
Efficiency & Energy
43 GAP Gale Pacific 0.26 0.12
Storage 72 33 -39 (53.80%)
Efficiency & Energy
44 NVX Novonix 0.50 0.26
Storage 64 33 -31 (49.00%)
45 OEC Orbital Corporation Others 0.35 0.42
27 33 5 20.00%
Lithium Power
46 LPI Sustainable Minerals 0.25 0.12
International 66 32 -34 (52.00%)
47 TON Triton Minerals Sustainable Minerals 0.04 0.03 43 31 -12 (28.90%)
48 QTM Quantum Energy Renewable Energy 0.04 0.03 44 30 -14 (30.80%)
49 DEM De.Mem Water 0.26 0.17
45 29 -16 (35.30%)
50 KPO Kalina Power Renewable Energy 0.03 0.03 25 25 1 3.30%
Efficiency & Energy
51 RFX RedFlow 0.04 0.03
Storage 40 24 -16 (40.90%)
52 PLX Pyrolyx AG Waste 0.80 0.41 46 24 -23 (48.80%)
53 ACW Actinogen Others 0.04 0.02 40 22 -18 (44.40%)
Efficiency & Energy
54 BUD Buddy Platform 0.03 0.01
Storage 81 21 -60 (73.50%)
Efficiency & Energy
55 SES SECOS Group 0.09 0.05
Storage 36 21 -15 (42.20%)
56 LIT Lithium Australia Sustainable Minerals 0.06 0.04
33 21 -13 (38.30%)
57 BKT Black Rock Mining Sustainable Minerals 0.05 0.03
34 19 -15 (44.40%)
58 AVL Australian Vanadium Sustainable Minerals 0.01 0.01
26 18 -8 (30.00%)
59 CG1 Carbonxt Others 0.52 0.17
55 18 -38 (68.30%)
Efficiency & Energy
60 14D 1414 Degrees 0.21 0.10
Storage 36 16 -20 (54.80%)
12Deloitte Australian CleanTech Index
Companies included in the DACT
Index as at 31 March 2020
Share Price Share Price Mkt Cap Mkt Cap Quarterly Quarterly Share
Rank Market Cap Price
Code Company Subsector Dec-19 Mar-20 Dec-19 Mar-20
Mar-20 Change Performance
$ $ ($m) ($m) ($m) (%)
61 PG1 Pearl Global Waste 0.11 0.07 21 14 -7 (32.40%)
Sustainable
62 EGR EcoGraf Limited 0.08 0.05 24 14 -11 (43.80%)
Minerals
Efficiency & Energy
63 VIV Vivid Technology 0.03 0.03 14 14 0 -
Storage
Sustainable
64 COB Cobalt Blue Holdings 0.14 0.09 21 14 -8 (35.70%)
Minerals
65 CCE Carnegie Clean Energy Renewable Energy 0.00 0.00 11 11 - -
Efficiency & Energy
66 BLG Bluglass 0.10 0.02 41 9 -32 (77.80%)
Storage
67 CL8 Collaborate Corp Others 0.02 0.01 18 9 -9 (50.00%)
Efficiency & Energy
68 VPR Volt Power Group 0.00 0.00 13 9 -4 (33.30%)
Storage
69 WOA Wide Open Agriculture Others 0.14 0.13 10 9 -1 (7.40%)
70 AEB Algae.Tec Others 0.01 0.01 9 9 - -
Sustainable
71 BSM Bass Metals 0.01 0.00 14 8 -6 (40.00%)
Minerals
Sustainable
72 VRC Volt Resources 0.01 0.01 19 8 -11 (58.30%)
Minerals
73 LER Leaf Energy Others 0.03 0.02 9 7 -2 (24.10%)
74 CPV Clearvue Technologies Renewable Energy 0.19 0.06 21 7 -14 (68.40%)
Sustainable
75 BAT Battery Minerals 0.01 0.01 8 7 -1 (16.70%)
Minerals
76 RGI Roto-Gro International Others 0.12 0.05 16 7 -9 (58.30%)
Efficiency & Energy
77 TTI Traffic Technologies 0.02 0.01 8 6 -2 (29.40%)
Storage
Technology Metals Sustainable
78 TMT 0.14 0.07 12 6 -6 (51.90%)
Australia Minerals
79 EGL Environmental Group Others 0.04 0.03 9 6 -3 (36.60%)
Sustainable
80 BEM BlackEarth Minerals 0.05 0.04 7 5 -2 (28.60%)
Minerals
Sustainable
81 GPX Graphex Mining 0.14 0.04 14 4 -10 (71.10%)
Minerals
82 PPY Papyrus Australia Waste 0.02 0.01 5 4 -1 (23.50%)
83 NC6 Nanollose Waste 0.05 0.04 4 3 -1 (26.00%)
Efficiency & Energy
84 EAX Energy Action 0.28 0.10 7 3 -5 (63.60%)
Storage
85 RAN Range International Waste 0.02 0.01 4 2 -2 (45.50%)
86 RNE ReNu Energy Renewable Energy 0.02 0.02 3 2 -1 (20.80%)
Efficiency & Energy
87 SIS Simble Sense 0.02 0.01 4 2 -2 (43.50%)
Storage
88 MPR Mpower Group Ltd Renewable Energy 0.02 0.01 3 2 -1 (40.00%)
Efficiency & Energy
89 BIQ BuildingIQ 0.02 0.00 6 1 -4 (75.00%)
Storage
90 KTE K2 Energy Renewable Energy 0.00 0.00 1 1 - -
91 POW Protean Wave Energy Renewable Energy 0.01 0.00 2 1 -1 (40.00%)
92 SBI Sterling Biofuels Others 0.01 0.01 1 1 - -
13Deloitte Australian 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 Australian 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 10,000 people across the Partner, Energy Transition & Renewables
country. Financial Advisory
A company is included on the DACT Tel: +61 419 826 372
Index if the majority of its revenues are from a e-mail: johnobrien@deloitte.com.au
Deloitte’s Energy Transition team has the
recognised cleantech sub-sector.
The information on cleantech listed experience and expertise to help the energy
companies is extracted to provide a market industry face the challenges of today and
capitalisation weighted share price index tomorrow. We have a diverse team of experts
for all cleantech companies, broadly from a wide range of backgrounds, including
in line with the methodology adopted for networks, retailers, regulators and
the compilation of the S&P/ASX 200 Index. government.
The impact of dividends and capital returns
has been excluded from the DACT Index. We know the market, and have helped many
energy sector participants, new entrants,
The base period of the DACT Index investors, large consumers and governments
is 31 December 2015, and for the purposes of with a diverse range of solutions, including
the Index this month is given a notional value strategy, forecasting, planning and both
of 100. If a company has been delisted during financial and energy market modelling.
a particular period, no data will be included for
that month and all subsequent months until Disclaimer of liability
the company is relisted. Historical information This Index has been prepared as general
regarding the company will continue to be information only and does not consider the
included in the calculation of the DACT index. specific objectives, situation or needs of
anyone including any member of its
The positive and negative contributions to the target audience. You should not rely on the
DACT Index are determined on the basis of a information in the DACT Index or disclose it or
company’s size by market capitalisation refer to it in any document.
relative to the total size of the index and its
share price performance from the time the Deloitte does not accept any duty of care or
firm was added to the DACT Index. liability to anyone regarding this Index or any
of its content and we are not responsible to
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.
14Deloitte Australian 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 Celine Luke
Director Director,
Energy Transition Energy Transition
Financial Advisory Financial Advisory
T: 0438 141 985 T: 0434 288 67
E: efishburn@deloitte.com.au E: cluke@deloitte.com.au
Elizabeth Boylan Shari Boyd Ben Nethersole
Associate Director Associate Director Associate Director
Energy Transition Energy Transition Energy Transition
Financial Advisory Financial Advisory Financial Advisory
T: 0428 352 067 T: 0468 735 371 T: 0410 800 221
E: eboylan@deloitte.com.au E: sboyd@deloitte.com.au E: bnethersole@deloitte.com.au
15This publication contains general information only, and none of Deloitte Touche
(collectively the ‘Deloitte Network’) is, by means of this publication, rendering
professional advice or services.
Deloitte Network shall be responsible for any loss whatsoever sustained by any
person who relies on this publication.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private
a legally separate and independent entity. Please see www.deloitte.com/au/about
for a detailed description of the legal structure of Deloitte Touche Tohmatsu
and private clients spanning multiple industries. With a globally connected
class capabilities and deep local expertise to help clients succeed wherever
they operate. Deloitte’s approximately 210,000 professionals are committed to
becoming the standard of excellence
About Deloitte Australia
advisory services through approximately 10,000 people across the country.
Focused on the creation of value and growth, and known as an employer of choice
for innovative human resources programs, we are dedicated to helping our clients
and our people excel. For more information, please visit Deloitte’s web site at
www.deloitte.com.au.
Liability limited by a scheme approved under Professional Standards Legislation.
Member of Deloitte Touche Tohmatsu Limited
© 2020 Deloitte Touche Tohmatsu
16
MCBD_USI_08/16_53440You can also read
