Tim Healy | Greenbiz EnerNOC, Inc. (NASDAQ:NASDAQ:ENOC) Q2 2015 Earnings Conference Call August 6, 2015 9:00 AM ETExecutivesChris Sands - Director, IRTim Healy - Chairman & CEODavid Brewster - PresidentNeil. Im excited to bring my experience and industry knowledge on board to help utility customers advance the transition toward a cleaner and more responsive energy network.. We have estimated Tim Healys net worth, money, salary, income, and assets. Also learn how He earned most of networth at the age of 68 years old? Contact:Eugene HuntTrevi Communications, Inc.978.750.0333 x.101gene@trevicomm.com. EnerNOC, Inc. (NASDAQ:ENOC) Q4 2016 Earnings Conference Call March 14, 2017 9:00 AM ETExecutives. That program worth almost $4 million annually was not renewed because the utility had excess capacity and decided not to continue with demand response. But basically that churn is taking place as contracts expire and so there is sort of an annualization to that process. Today, EnerNOC is one of the world's largest full-service energy management providers with over 700 employees and operations in the United States, Canada, the United Kingdom, Australia and New Zealand. That's when we'd start to potentially see us getting down to a smaller megawatt portfolio because in the interim we will still have an opportunity to mix our portfolio with capacity performance as well as the current baseline products that exist. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. We think it's just one of many drivers for demand response in the market right now. So I think we may wind up being a little bit more prepared for capacity performance than the rest of the marketplace. I would like to begin by discussing some recent highlights which you can see on Slide 3. Just one more comment, capacity performance is expected to account for approximately 80% of capacity in the 2018, 2019 delivery year as well as the 2019, 2020 delivery year before becoming the sole product in the 2020, 2021 delivery year. Understanding the legal framework at a statewide regulatory level is critical to supporting the innovation needed to move toward a clean energy grid, says Wannop. Get in there, ask for a fairly modest sub $100,000 budget commitment that can generally be found in a lot of large organizations, I would just call it unallocated or discretionary budget and then try to get that budget built into or get our Energy Intelligence Software built into the next year's budget. So I think there is a tremendous amount of low hanging fruit. Tim Healy is aStrategic Advisor for Dynamo Energy Hub. If I help bridge that gap, that could be worthwhile.. And in order to do that, what we need to do is achieve the customer success objectives as quickly as possible, meet the customer's expectations, make this a user experience that is best-in-class and in the case of customers that are looking to simply engage with Energy Intelligence Software to drive savings, help them drive those savings. These include, but are not limited to, management's future expectations, beliefs, intentions, goals, strategies, plans, prospects and any other statements that are not historical facts. If you would like to claim this profile, contact us. Under his leadership, EnerNOC grew from a startup to an international leader in energy management, with nearly $500 million in annual revenues, before being acquired by Enel Green Power North America in 2017. Amperon is this perfect blend of Silicon Valley meets Houston meets Wall Street to bring modern AI to the energy industry," said Catherine. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Enernoc Inc (ENOC) using our online tools. Today energy management sustainability initiatives on enterprise wide focus for Boston Properties and the company's alignment with EnerNOC's EIS platform is another step in its journey to effectively aggregate and leverage its energy data. He served for over 16 years as Chairman and CEO of EnerNOC, providing energy. Reflecting on the success of his former employees, Tim noted that when startingEnerNOC, the culture of the company was a priority and very important to both him and his co-founder. Afterward, she went on to serve as Managing Director at BNP Paribas. We don't see this trend reversing anytime soon and expect that the needs of our enterprise customers will continue to increase in urgency and complexity as they deal with new energy compliance regulations, new energy products in the marketplace, and an increased awareness of the energy management best practices that top global enterprises are adopting. Continuing on this theme, Boston Properties has more recently utilized the platform to further streamline and consolidate its reporting to satisfy compliance and benchmarking requirements and demonstrate its leadership and sustainability through programs such as GRESB, EnergyStar and NAREIT's leader in the light award. More recently, EnerNOC was recognized with a 2012 Platts Global Energy Award for Industry Leadership, and Tim H was honored as CEO of the Year by the Massachusetts Technology Leadership Council. A bright spot was the net churn rate for the EIS component of our utility ARR which was a double-digit negative percentage indicating that we continue to expand our presence with those products with existing utility customers. Prior to EnerNOC, Healy worked in the Energy Technology Laboratory for Northern Power Systems, Inc., and held positions with Merrill Lynch, International Fuel Cells (now UTC Fuel Cells), and the venture capital firm Commonwealth Capital Ventures. He served for over 16 years as Chairman and CEO of EnerNOC, providing energy intelligence and demand response solutions to utilities, grid operators and enterprises. EnerNoc Inc | The Research Pedia Neil will then follow David with a financial review of the quarter and our outlook for the second half of the year. Recurve's open-source SaaS platform and tools help utilities leverage their smart meter data to quickly and accurately measure . He regularly represents EnerNOC at public utility commissions and the Federal Energy Regulatory Commission, among other forums. For more information, visit www.packetizedenergy.com. Tim Healy Net Worth. The year-over-year improvement was primarily driven by high margin PJM revenue again associated with the new extended and annual products without which gross margin would have been approximately 40%. and bought an estimated value of $2.75M worth of shares. from 8 AM - 9 PM ET. Tim Healy (Timothy Malcolm Healy) was born on 29 January, 1952 in Benwell, Newcastle upon Tyne, is an Actor. So with that, let me turn the call over to David. This includes fundamental activities like streamlining the payment of their utility bills, being able to simply and accurately accrue energy cost, proactively identifying energy purchasing opportunities, managing a portfolio of supply contracts, and automating compliance reporting. Team and I are encouraged by early evidence of these enhancements increasing our sales pipeline and improving our overall go-to-market effectiveness. Our next question comes from the line of Monika Garg with Pacific Crest. Boston Properties, a large commercial real estate investment trust and an early adopter of our software is a great example of this evolution. That's going to likely result in the potential for lower megawatts for us in our PJM portfolio. Although there may be fluctuations on a quarterly basis, we generally expect to post negative net churn rates as we expand within our existing customer base. View Tim Healy's profile on LinkedIn, the world's largest professional community. Please disable your ad-blocker and refresh. So, how much is Tim Healy worth at the age of 71 years old? However as you can see on Slide 6, we achieved a negative 4% net churn rate, driven by significant negative net churn for our enterprise EIS platform. GTM Research analyst Elta Kolo noted that Enels 2017-2019 strategic plan pointed to a customer focus, specifically highlighting the future offerings in demand response services. Thanks, David, and thank you to everyone participating on the call today. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Enel's press release calculates the offer's value at about $250 million, excluding debt, while EnerNOCs press release added this debt to yield an enterprise value of more than $300 million. It doesn't limit us interestingly enough in working with other types of distributed energy companies. She is currently President of X Machina Capital Strategies, an energy-focused private equity firm, and is on the advisory board for ISO New England, Inc. She served multiple roles at J.P. Morgan, first as CEO of Global Commodities EMEA and subsequently as Chief Marketing Officer. Use the Activity system to track interested investors, and send prompt follow-up messages to investors who viewed your profile or showed interest. Tim Healy Title: CEO and founder, EnerNOC Inc. Education: Bachelor's degree, government and economics, Dartmouth College, 1991; MBA, Tuck School of Business, Dartmouth, 2002 T im Healy. Speaking of the roller coaster ride of working at a start-up, he noted: It took about five years of R&D. $60.11K . Ned has more three decades of experience in the technology industry as an investment banker, venture capitalist, and senior finance and operations executive. And if so, how should we think about your desire to buy back stock despite not generating free cash flow? tim healy enernoc net worth As my follow-up if I may, what role do you think demand response will play and how different states will end up complying with the new EPA carbon regulations? Im thrilled to welcome Tim and Allison to our advisory board. Neil will provide details on our financial results, but from an operating perspective, I like what we achieved in the second quarter. I'm joined on today's call by Tim Healy, our Chairman and CEO; David Brewster, our President; and Neil Moses, our Chief Operating Officer and Chief Financial Officer. Thank you so much. U.S. Patent No. My comments will focus on our second quarter 2015 financial results and our outlook going forward, and I'll conclude with some brief thoughts on our capital deployment strategy. The business case for our solutions is very strong with them as they are keenly focused on reducing our customer acquisition costs and churns. Its mission is to bring AI to global grids in the service of grid reliability, risk management, and sustainability. The premium may be surprising, but the fact that EnerNOC is being acquired is not. Please go ahead. PJM has represented much more than half of our overall grid operator activity and our game plan with things like what we're doing in Korea, things that we're doing in other international markets that we've been doing over the years, we've gone from six to eight grid operator markets just a year or two ago to operating in 14 grid operator markets and we continue to see the pace of the size of those portfolios increase such that it's our belief that we will be operating a much more diverse grid operator portfolio over the next several quarters and years to come. Let's turn now to our utility business. Tims deep expertise in the energy industry and track record of growing companies in the electricity sector will be invaluable as we advance as a leader in energy flexibility, said Paul Hines, CEO and Co-founder of Packetized Energy. Operating expenses in the quarter came in lower than expected and contributed to our higher than anticipated adjusted EBITDA performance. James comes to REGEN with 15 years of sales and sales management experience, 10 years of which was spent within the energy industry. Excluding that acquisition, a small divestiture during the second quarter of last year, and the impact of the completion of our initial Massachusetts Department of Energy Resources contract in the second half of last year, enterprise revenue grew by approximately 14% year-over-year. Since taking over during the second quarter, Eric has reorganized our sales force and revamped our sales process to make sure that we have the right people going to market, selling our platform in an effective way. Tims deep expertise in the energy industry and track record of growing companies in the electricity sector will be invaluable as we advance as a leader in energy flexibility, said Paul Hines, CEO and Co-founder of Packetized Energy. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Enernoc Inc (ENOC) using our online tools. 1230 Avenue of the Americas Manhattan, New York, NY 10020. As of 2010 the company had 484 employees. They want everything -- and most of all, they want our people, Healy said of Enels acquisition plans. In addition, you will find a slide deck that we will reference during the call as a supplement to our prepared remarks. And I think the comments that we made earlier were basically that from a capital deployment strategy our first focus is investing in growth particularly around our software business but we want to have an authorization in place to execute on -- in an opportunistic manner. The Grid Edge comprises technologies, solutions and business models advancing the transition toward a decentralized, distributed and transactive electric grid. GAAP diluted earnings per share is expected to be in the range of $0.47 to $0.57 and non-GAAP diluted earnings per share is expected to be in the $0.80 to $0.91 range. I think we might see that for another quarter or two quite frankly. What's more the complexity and breadth of the energy decisions, these enterprises are addressing with our EIS is growing by the day further solidifying the importance of our software to the organizations. We look forward to this uncertainty being resolved. from Harvard, she previously served as Special Counsel to the Vermont Department of Public Service. These changes require new training and investment right now to ensure we have a highly capable and productive sales force selling our best-in-class EIS products. Thank you. Take others advice but most importantly, make sure you find the pieces in that advice that work for you and your company.-Tim Healy, former Chairman and CEO of EnerNOC (now Enel X), and newly announced advisor to Dynamo Energy Hub. In the U.S., rival demand response provider Comverge was recently acquired for $100 million by smart meter giant Itron for $100 million. That reduction was partially offset by our ability to add approximately 100 new subscribers to our enterprise EIS platform. On Slide 4, we show how Boston Properties have scaled the deployment of our software overtime. Do not respond to or engage any parties outside of EquityNet that are not listed as approved investors (this may happen due to your public profile and LinkedIn connections). Some 6,500 companies are using EnerNOC for demand response, and about 4,300 or so are using one or more parts of its software-as-a-service suite, Healy said, although he added that there's a lot . Tim Healy - Net Worth April 2023, Salary, Age, Siblings, Bio, Family Tim has 1 job listed on their profile. The company is based out of Boston, Massachusetts, US with offices in UK and US. ", Catherine, former executive at J.P. Morgan and current board member of the regional transmission organization ISO New England, Inc, knows the importance of accurate data in this space. I was wondering if you could touch a little bit on Eric's new role in global sales and some of the timing. We just recently received the good news that demand response will be able to participate in the capacity performance transition auctions for the 2016, 2017 delivery years. There may be more to come from Enel as part of its strategic plan for new customer services, Kolo added. Under his leadership, EnerNOC grew from a startup to an international leader in energy management, with nearly $500 millionin annual revenues, before being acquired by Enel Green Power North America in 2017. He received his BS in operations research from Cornell University and his MBA from MIT's Sloan School of Management. Specifically, Enel intends to put EnerNOC to work as a foundational element of the E-Solutions business it launched last month. Tim Healy Biography, Age, Height, Wife, Net Worth, Family Thanks, Chris, and thank you to everyone on the call for joining us this morning. In total, Timothy Healy has made about 24 transactions over 2 years of their time at Enernoc Inc. You may now disconnect. Enel is looking to stay competitive with global peers that are investing significantly in the C&I energy management market, added Mulherkar. Founded in 2018 by a seasoned data engineer and a veteran energy trader, Amperon serves electricity retailers, energy traders, grid operators, and utilities worldwide. With a primary focus on market development, inclusive of regulatory and government affairs, utility solutions, and international development, David has taken an active role in helping to shape domestic and international demand-side markets. Bye for now. During this call, we will refer to non-GAAP financial measures, including non-GAAP income and loss, non-GAAP income and loss per share, free cash flow, and adjusted EBITDA. With the number of domestic energy disclosure laws increasing by roughly 150% in the last year alone and increased momentum behind GRESB and new financial reporting standards like the Sustainability Accounting Standards Board or SASB, this is a growing pain point for many organizations and just another marketing dynamic that is creating demand for EnerNOC software. The healthy pipeline has led many analysts to tag EnerNOC's shares as undervalued. I'll also note that the Tesla pilot is underway with a handful of installations completed in California and we're excited to begin using energy storage for both demand response and demand management at these sites to prove out what we believe will eventually be a very large market. And then just lastly one on the repurchases, have you been active year-to-date in repurchases? Allison Bates Wannop has directed her own consulting and legal practice, focusing on energy law and regulation. Scaling Successfully: Cleantech Roundtable with Tim Healy It isn't as familiar with the type of metrics that drive this part of our business as they are with what has driven our growth over the past seven or eight years. When typing in this field, a list of search results will appear and be automatically updated as you type. Scott began his career as a software engineer and early employee of Cambridge Technology Partners, a global systems integration and consulting company. Im looking forward to helping Packetized Energy bring those insights directly to regulators and decision-makers.. Reporter covering the green technology space, with a particular focus on smart grid, demand response, energy storage, renewable energy and technology to integrate distributed, intermittent green energy into the grid. "After my first board meeting at EnerNOC, I had people giving me 10-20 ideas on what we should do. Turning to margin, we posted consolidated gross margin of 54% in the second quarter, which represented a significant improvement over the 37% we achieved in the second quarter of last year. Get in with our customers and add the professional services component that we need. Ladies and gentlemen, that does conclude our conference for today. It is a multistep process that we are asking our team to take and be very disciplined with. Businesses need to understand how does this transform their organization, what business process changes does that mean?
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