Capital Markets Event

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 £49.9m 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 £70 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. 1.2bn 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 [e-mail]

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 and Nomad)	0131 220 6939 / 020 7397 8900
Neil McDonald / Pete Lynch Investec Bank plc (Joint Broker) Christopher Baird / Henry Reast RBC Capital Markets (Joint Broker) Matthew Coakes / Evgeni Jordanov / Jack Wood	020 7597 5970   020 7653 4000
Instinctif Partners	[e-mail]
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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