Utilitywise plc Capital Markets Event (2886Y)
March 02 2017 - 1:00AM
UK Regulatory
TIDMUTW
RNS Number : 2886Y
Utilitywise plc
02 March 2017
2 March 2017
Utilitywise plc
("Utilitywise" or "the Group")
Capital Markets Event
Utilitywise plc (AIM: UTW), a leading independent utility cost
management consultancy, is today holding a Capital Markets Event
for institutional investors and analysts, during which the
executive team will update on the Group's strategy and markets.
Strategic Priorities
The Capital Markets Event will focus on the Group's strategic
priorities, as detailed below:
-- Winning in the market;
-- Customers for life;
-- Revolutionise markets;
-- Colleagues; and
-- One Utilitywise.
New Strategic Initiatives
The Group has also identified six strategic initiatives which
the Board will be focusing on delivering over the period until the
end of the financial year ending 31 July 2021, and which will be
covered in the Capital Markets Event:
-- Optimise the Core recognises the operational improvements
required to deliver sustained, profitable growth; namely the
Group's approach to "going to market", sales enablement,
improvements to its operating model and improvements in
productivity;
-- The Group's Digital strategic initiative focuses on how
Utilitywise will approach the enormous volume opportunity the Group
has in a hitherto unserved segment of the market, with 1.5m SME
businesses never having switched utility provider or having
switched directly;
-- Key to delivering future growth will be the development of a
Multi-Utility platform to provide businesses with a simple
arrangement for the utilities they use to be managed together,
commencing with the water market which is shortly to be
deregulated;
-- The Group will develop its Service Proposition in order to
provide a winning service experience via managed service plans,
using Utilitywise's "Wiselife" IoT-enabled utility management
platform to drive recurring revenues;
-- The Board believes that the Energy Services business is a
major opportunity for the development of Utilitywise's product
offering, utilising the ever-increasing population of
internet-enabled utility control devices to manage customers'
utilities via Utilitywise's Intelligent Building Operating
Platform; and
-- Following the Group's entry into the Continental European
energy procurement market, International Expansion will be a
medium-term strategic initiative, enabled by the successful
execution of the other strategic initiatives detailed above.
The Capital Markets Event will also cover the Group's "One
Utilitywise" brand strategy, and its people strategy, both of which
are key enablers for the Group's ambitious growth targets.
Key Performance Indicators
Utilitywise's new strategic initiatives are aimed at enabling
the Group to grow customer numbers, cross sell and upsell its
increasing suite of products to those customers and increase
recurring revenues as a percentage of Group revenues. The Group has
therefore set itself some challenging KPIs to be delivered by the
end of the financial period ending 31 July 2021, namely:
-- Increasing its share of the SME and micro SME energy procurement market from 2% to 7%(1) ;
-- Increasing SME customers from 31,000 (as at 31 July 2016) to 130,000; and
-- Developing a 5% share of the GBP1.5bn UK corporate energy controls market
(1) Measured by number of customers
No new material trading or other financial information will be
disclosed.
A copy of the presentation will be made available on
www.utilitywise.com after the event.
For further information please contact:
Utilitywise PLC 0330 303 0233
Brendan Flattery (CEO)
Richard Laker (CFO)
finnCap (NOMAD and broker) 020 7220 0500
Matt Goode/ Henrik Persson (Corporate
Finance)
Simon Johnson (Corporate Broking)
Liberum (Joint broker) 020 3100 2000
Robert Morton/ Steve Pearce
Redleaf Communications 020 7382 4730
Rebecca Sanders-Hewett/ David Ison/
Susie Hudson
About Utilitywise
Utilitywise is a leading independent utility cost management
consultancy, which has established trading relationships with a
number of major UK and European energy suppliers and provides
services to its customers designed to assist them in achieving
better value out of their energy contracts, reduced energy
consumption and lower carbon footprint.
Utilitywise is a UK company quoted on the AIM market of the
London Stock Exchange. For more information, please visit
www.utilitywise.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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