Energy Technologies : Appendix 4C and Cover Ltr qtr ending 31 March 2022

ASX Announcement 28 April 2022

Energy Technologies Limited 3Q FY22 Quarterly Activities

Report and Appendix 4C

Key highlights

•  Achieved quarterly cash receipts of A$2.79m taking the first half cash receipts to $10.5m, up 31% on the Previous Corresponding Period (PCP)

•  Achieved quarterly unaudited sales revenue of A$3.46m, up 57% on the Previous Corresponding Period (PCP)

•  Achieved unaudited operational revenue, for the nine months to 31 March 2022, of A$9.51m, up 52% on the Previous Corresponding Period (PCP)

Energy Technologies Limited (ASX: EGY or "the Company"), a 100% owner of Bambach Wire and Cables Pty Ltd (Bambach) which manufactures low voltage copper insulated cables, is pleased to release its Quarterly Activities Report and Appendix 4C Quarterly Cash Flow Report for the period ended 31 March 2022 ("3Q FY22").

During the quarter, Bambach experienced further disruptions to factory operating staff due to COVID isolation and the company welcomes the recent round of easing restrictions. Despite this, sales and production continued to grow. Sales and the order book remain stronger than last year and the markets that Bambach deliver to are buoyant and have a healthy to strong outlook.

Total Inventory remains high at $5.67m albeit $2.0m consist of raw materials, sub-assemblies and work in progress further highlighting the strength in sales.

Figure 1: EGY Quarterly Cash Receipts (A$'000)

Bambach CEO, Alf Chown said, "Demand is continuing to pull through as evidenced by the stronger sales numbers and it is forecast that the sales mix will continue to move toward higher margin product as the economy moves towards the new normal."

ASX Listing Rule 4.7C.3

In accordance with ASX Listing Rule 4.7C, payments made to related parties included in item 6.1 of the Appendix 4C incorporate director's fees and salary.

- END -

About Energy Technologies

Energy Technologies Limited (ABN 38 002 679 469) has a 100% ownership of Bambach Wires and Cables Pty Ltd, a manufacturer of low voltage copper insulated cables. Learn more about Energy Technologies atwww.energytechnologies.com.au.

website:www.energytechnologies.com.au

For more information, please contact:

General enquiries

Corporate Communications Mr. Gregory Knoke Company Secretary

[e-mail]

This announcement is authorised by Energy Technologies Limited's Board of Directors

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

ENERGY TECHNOLOGIES LIMITED

ABN

38 002 679 469

Quarter ended ("current quarter")

31 MARCH 2022

Consolidated statement of cash flows

• 1. Cash flows activitiesfrom

• 1.1 Receipts from customers

• 1.2 Payments for

  operating

  • (a) research and development

  • (b) product manufacturing and operating costs

  • (c) advertising and marketing

  • (d) leased assets

  • (e) staff costs

  • (f) administration and corporate costs

• 1.3 Dividends received (see note 3)

• 1.4 Interest received

• 1.5 Interest and other costs of finance paid

• 1.6 Income taxes paid

• 1.7 Government grants and tax incentives

• 1.8 Other (restructure)

• 1.9 Net cash from / (used in) operating activities

• 2. Cash flows from investing activities

• 2.1 Payments to acquire or for:

  • (a) entities

  • (b) businesses

  • (c) property, plant and equipment

  • (d) investments

  • (e) intellectual property

Current quarter

$A'000

Year to date (9 months)

$A'000

2,790

10,507

(3)

(13)

(3,373)

(12,915)

(10) (98)

(16) (86)

(883) (3,841)

(94) (1,234)

- - (185)

-

9

(756)

- 76 (61)

-

1,877

(479)

(1,759)

(7,029)

- - (92)

- - (210)

- -

- -

Consolidated statement of cash flows	Current quarter	Year to date
$A'000
(9 months)
$A'000
(f) other non-current assets

-

• 2.2 Proceeds from disposal of:

  • (a) entities

  • (b) businesses

  • (c) property, plant and equipment

  • (d) investments

  • (e) intellectual property

  • (f) other non-current assets

• 2.3 Cash flows from loans to other entities

• 2.4 Dividends received (see note 3)

• 2.5 Other

• 2.6 Net cash from / (used in) investing activities

3. Cash flows from financing activities

• 3.1 Proceeds from issues of equity securities (excluding convertible debt securities)

• 3.2 Proceeds from issue of convertible debt securities

• 3.3 Proceeds from exercise of options

• 3.4 Transaction costs related to issues of equity securities or convertible debt securities

• 3.5 Proceeds from borrowings

• 3.6 Repayment of borrowings

• 3.7 Transaction costs related to loans and borrowings

• 3.8 Dividends paid

-- - 20 - - - - - -- - 24 - - - - - -

(72)

(186)

- - -

11,000

- -

- 2,320 (334)

(516) 3,737 (4,469)

- -

- -3.9 Other (Repayment of Convertible Notes) - (2,395)

3.10 Net cash from / (used in) financing activities

4. Net increase / (decrease) in cash and cash equivalents for the period

• 4.1 Cash and cash equivalents at beginning of period

• 4.2 Net cash from / (used in) operating activities (item 1.9 above)

• 4.3 Net cash from / (used in) investing activities (item 2.6 above)

1,986 7,357

110 123

(1,759)

(7,029)

(72)

(186)

Consolidated statement of cash flows

• 4.4 Net cash from / (used in) financing activities (item 3.10 above)

• 4.5 Effect of movement in exchange rates on cash held

• 4.6 Cash and cash equivalents at end of period

  Current quarter

  $A'000

  Year to date (9 months)

  $A'000

  1,986

  7,357

  - 265

  - 265

• 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts

• 5.1 Bank balances

• 5.2 Call deposits

• 5.3 Bank overdrafts

• 5.4 Other (provide details)

• 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)

  Current quarter

  $A'000

  Previous quarter

  $A'000

  265 - - - 265

  110 - - -

  110

• 6. Payments to related parties of the entity and their associates

• 6.1 Aggregate amount of payments to related parties and their associates included in item 1

• 6.2 Aggregate amount of payments to related parties and their associates included in item 2

Current quarter

$A'000

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

6.1 $51K Director's Fee and $74 K Salary

125

-