Commerce Energy Group Inc · OTC:CMNR
Commerce Energy — Q3 2007 Earnings Presentation
19 slides from Commerce Energy's earnings presentation, Jun 12, 2007
Slide 1: Third Quarter 2007 Earnings Conference
Third Quarter 2007 Earnings Conference June 12, 2007
Slide 2: Forward Looking Statements
This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are based upon management's belief and assumptions made by, and information currently available to, management. Our actual results could differ materially from the resu
Slide 3: Opening Remarks - Steven Boss, CEO
Opening Remarks Steven Boss, CEO
Slide 4: Q3 '07 Financial Highlights
Financial Highlights Net Income increased to $1.5M, $0.05 EPS APX & ACN, net $0.6M $5.06M APX settlement $3.90M ACN legal settlement $0.55M ACN legal expenses Strong growth in revenue and gross profit Continued Strong Customer Growth 185,000 customers as of April 30, 2007 48% increase over April 30,
Slide 5: Customer Adds & Drops Quarter & YTD
customer adds & drops quarter & YTD Q3 & YTD adds above expectations Quarterly churn rate of 6% Q3 '07 YTD '07 9
Slide 6: Customer Growth Quarter-to-Quarter Comparison
customer growth quarter-to-quarter comparison 11 48% increase in customer count over Q3 '06 32,000 gross customer adds in Q3 '07 FY 2006 FY 2007
Slide 7: 2007 Annual Earnings Estimate
2007 annual earnings estimate 4/30/07 7/31/07 Customers: 185,000 200,000 EPS of $0.14 - $0.15 $0.13 $0.12 - $0.13 13 nine months full year year-end customer count estimate $0.02* APX/ACN APX/ACN $0.02* $0.15 * Includes $546K of ACN expenses related to ACN arbitration Actual Estimate
Slide 8: Financial Review - Lawrence Clayton, CFO
Financial Review Lawrence Clayton, CFO
Slide 9: Net Income
Net Income Net Income ^ $0.5 Q3 ($ in millions) $1.5 $1.0 17 APX and ACN Impact - $0.6 Revenue up 74%; Gross Profit up 117% Operating expenses up 69%
Slide 10: Net Revenue
Net Revenue ^ $42.8 74% $57.8 $100.6 Q3 ($ in millions) $37.8 $20.0 $52.6 $42.9 Net Revenue 19 Electricity MWh 113K 30% Gas DTH 2,966K 180% $5.1 Gas Electricity APX
Slide 11: Gross Profit
Gross Profit ^ $9.5 117% Q3 ($ in millions) $8.1 $17.6 $3.7 $3.5 Gross Profit $9.0 Electricity $5.3 143% Gas $0.9 20% $4.4 $5.1 21
Slide 12: Operating Expenses
Operating Expenses Sales & Marketing ^ $1.2 81% $2.6 $1.4 Q3 ($ in millions) $9.8 $5.9 G & A ^ $3.9 66% 23
Slide 13: YTD Net Income (loss)
$4.5 Net Income (loss) YTD ($ in millions) YTD Net Income (loss) ^ $7.4 $(2.9) 25
Slide 14: YTD Net Revenue
Net Revenue ^ $69.0 35% YTD ($ in millions) $194.8 $263.7 $139.2 $55.6 $158.3 $100.4 27 Electricity MWh 47K 3% Gas DTH 7,112K 159% Net Revenue Gas Electricity APX $5.1
Slide 15: YTD Operating Expenses
Operating Expenses YTD Sales & Marketing ^ $4.0 119% YTD ($ in millions) $7.3 $3.3 YTD G & A ^ $7.0 34% $27.4 $20.4 31
Slide 16: Cash & Liquidity
cash & liquidity ($ in thousands) 04/30/07 01/31/07 07/31/06 Cash and cash equivalents. $ 21,133 $ 7,292 $ 22,941 Account receivables. . . . . . $ 50,245 $ 52,369 $ 30,650 Working capital . . . . . . . . . . $ 39,581 $ 36,070 $ 32,253 Current ratio* . . . . . . . . . . . 2.0:1.0 2.1:1.0 2.0:1.0 Rest
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Slide 18: Quarterly Highlights
quarterly highlights Continued Growth, Earnings & Market Share APX and ACN Settlements $0.14 - $0.15 EPS Excludes additional APX funds 37 FY 2007 Earnings Update 200,000 Year-end Customers
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Commerce Energy Group — Q3 2007 Earnings Presentation on 6ix