Smart Metering Systems PLC Capital Markets Event (7599C)
23 Juni 2021 - 8:00AM
UK Regulatory
TIDMSMS
RNS Number : 7599C
Smart Metering Systems PLC
23 June 2021
23 June 2021
Smart Metering Systems plc
Capital Markets Event
"Strategies for growth"
Smart Metering Systems plc (AIM: "SMS", the "Group"), the fully
integrated energy infrastructure company owning and managing meter
assets, energy data, grid-scale batteries and other carbon
reduction ("CaRe") assets, provides the following information ahead
of its inaugural Capital Markets event at 14:00 BST today.
The webcast will be hosted by SMS CEO, Alan Foy, and will
feature presentations from the Group's senior management teams.
The presentation will provide further insights into SMS's CaRe
products and services as well as the scale of opportunities and
SMS's strong competitive positioning within each category. Each of
these CaRe assets are critical in supporting the energy transition
and the presentation will cover, amongst other things, the
following key topics:
- Overview of CaRe products and technology platform "Metis"
- "Established" CaRe products (smart meters, energy data, grid-scale batteries)
- "Developing" CaRe products (Behind-the-meter, ADM Australia,
EV charging infrastructure, energy services, electrification of
heat infrastructure)
- SMS's ESG leadership
The Group's existing installed asset base generated GBP49.9m
EBITDA (31 December 2020). Delivery of the existing contracted
smart meter order pipeline of 2.5 million meters and the 470MW grid
scale battery pipeline is estimated to add a further GBP70 million
of EBITDA.
SMS's fully integrated and scalable technology platform, Metis,
positions the Group well to take advantage of significant
additional opportunities:
- Within the "established" CaRe products and services, SMS have
an addressable market opportunity of c. GBP1.2bn EBITDA.
- Within "developing" CaRe products and services, SMS has the
potential for significant additional market opportunity, driven by
the UK Government's decarbonisation agenda.
ESG remains at the heart of SMS's operations, as emphasised by
our commitment to achieving net zero carbon emissions by 2030 and
carbon negative thereafter. Further insights into SMS's leading ESG
credentials will be provided during the presentation.
No new material information will be disclosed.
There will be an opportunity to ask questions at the end of the
event.
In order to register for the event, please contact
SMS@Instinctif.com
The presentation will be available at 13:00pm BST on our
website:
https://www.sms-plc.com/corporate/investors/capital-markets-event/
. A recording of the event will also be available on the Group's
website in due course.
For further information:
Smart Metering Systems plc 0141 249 3850
Alan Foy, Chief Executive Officer
Dilip Kejriwal, Head of Investor Relations
Cenkos Securities plc (Joint Broker 0131 220 6939 / 020
and Nomad) 7397 8900
Neil McDonald / Pete Lynch
Investec Bank plc (Joint Broker) 020 7597 5970
Christopher Baird / Henry Reast
RBC Capital Markets (Joint Broker) 020 7653 4000
Matthew Coakes / Evgeni Jordanov /
Jack Wood
Instinctif Partners sms@instinctif.com
Tim Linacre / Guy Scarborough / Sarah
Hourahane
Notes to Editors
Smart Metering Systems plc (www.sms-plc.com) is the fully
integrated energy infrastructure company owning and managing meter
assets, energy data, grid-scale batteries and other carbon
reduction (CaRe) assets. The Group manages and optimises these
assets through its in-house technology and data analytical platform
"METIS".
Established in 1995, SMS provides a full end-to-end service,
from funding and installation to management and maintenance, with a
highly skilled workforce, deep engineering expertise and
well-established industrial partnerships.
SMS is leading the low carbon, smart energy revolution in the UK
and is committed to reducing its own carbon emissions to net zero
by 2030. In 2019, SMS was also awarded the London Stock Exchange
Green Economy Mark.
SMS plc is headquartered in Glasgow with a national presence
across twelve UK locations.
SMS's shares are listed on AIM.
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END
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