Ann: Appendix 4C - quarterly, page-4

The 4c has not generated much chatter, feels like a ghost town here, so a few thoughts

Under expectation to me as I had 8.5 GWH/month growth in plan, but accept the companies decision to put the brakes on until the new finance deal was in place. However I would like to know, what the cost savings in avoiding the previous finance package were as they sacrificed several Gwhrs of growth to avoid activating the loan.

The business has grown to a self sustainable size, able to self fund much of its current growth trajectory.
At 228 Gwhrs under management and 220k/GWh its a 50 million revenue power retailer, currently operating with a 24% gross profit margin and an average contract length of 7.2 years.

Now comprehensively financed and moving to catchup with the backlog of conversions and DMC customers wishing to onboard.

Consistently bouncing around cash flow positive quarters despite the one off costs of growth such as the 200k Blackrock deal costs. Without it LPE would have been 50k positive this quarter.

A new wording has entered the 4c commentary “aggressively grow all streams” previously consistent was the catch cry. I look forward to seeing what aggressive growth is.