Jupiter Energy Limited · ASX:JPR
Jupiter Energy — Investor Presentation (September 2006)
25 slides from Jupiter Energy's investor presentation, Sep 25, 2006
Slide 1: Jupiter Energy Limited Investor Presentation
JUPITER ENERGY LIMITED ABN 85 O84 919 48t Level 1, 1275 Hay Street West Perth Western Australia 6008 PO Box 1282 West Perth WA 6872 Telephone: 08 9322 8222 Facsimile: 08 9322 8244 25 September 2006 Investor Presentation The following information will be presented by management to interested parties
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Slide 3: AA AON
I AA AON This presentation was prepared exclusively for the benefit and use of potential investors in order to indicate, on a preliminary basis, the feasibility of a possible investment and neither the presentation nor its delivery to any prospective investor shall constitute an offer to sell or an
Slide 4: Jupiter Biofuels spin-off and capital raising
i) TT » Jupiter Biofuels Limited (JBF) is a public unlisted company that is currently a 100% owned subsidiary of the ASX listed Jupiter Energy Limited (JPR) » The JPR Board has decided to seek shareholder approval to spin off JBF via an in specie distribution and associated capital raising so that J
Slide 5: Biodiesel and the planned Kuantan plant
ele l i » Biodiesel is a clean burning alternative fuel to petroleum diesel which is manufactured from plant oil raw materials such as palm oils. » Jupiter Biofuels (JBF) has developed a sophisticated business plan for the construction and operation of a 250,000 tonne per annum (TPA) biodiesel plant
Slide 6: Competitive Advantages of the JBF Model
Competitive Advantages of the JBF Model: » Strategically positioned site with opportunity for expansion; » Utilising proven multi-feedstock biodiesel technology; » Innovative off-take agreement: » Extensive construction management strategy; and » Malaysian Government Support: Tax pioneer status for
Slide 7: Overview
is d iN ii il fi @) WCU IN Overview IAN » Biodiesel consumption is witnessing significant growth buoyed by several market and regulatory factors. » Over the past twenty years there has been a focus, initially in Europe and more recently in the US and Asia, to find alternative fuel to replace diesel
Slide 8: Key Drivers
is d iN ii il fi @) | WCU Key Drivers i IAN » Continued instability in the Middle East (traditional source of crude oils) » Record oil prices and concern relating to the long term supply of crude oil » Environmental concerns (i.e. carbon emissions) » Kyoto Protocol » Government Directives globally »
Slide 9: Government biofuel mandates and targets
= (a NTN ith hl SANNA Governments around the world are increasingly promoting the use of alternative fuels and in particular bio-fuels (biodiesel & ethanol). There are many examples of Government’s legislating targets and mandates for the use of bio-fuels (along with tax exemptions) that will underp
Slide 10: Biodiesel consumption charts
eal i (ah tN i MM KCN il HN Ht niin on EU Biodiesel Consumption, 2002-11 Biodiesel Consumption in the USA 1800.0 2 8 8 3 10000 & 2 e gE 3 3 3 8 5000 0.0 | mmm sm _ A 2002 | 2003 | 2004 | 2008 | 2006 | 2007 [musa] 488 66 99 393 320 1390 Year mev| 1065 | 1433 | 1933 | 3184 | 4465 | 5293 | e868 | ets |
Slide 11: Key business drivers of a biodiesel plant
| li The key business drivers for the construction and operation of a biodiesel plant include: » Site selection; » Plant technology; » Construction management; » Feedstock procurement; » Off-take agreements; and » Regulatory environment: Page 10
Slide 12: Kuantan site
Ln Nn il INI ONAN hn OC TTT » Kuantan is a deep water port on the east coast of Malaysia with an extensive Petro Chemical industry nearby. Kuantan is situated among extensive palm oil plantations and 2 large refineries. » The Kuantan Port Authority (KPA) are committed to developing their biodiesel f
Slide 13: Desmet biodiesel technology
WO | 0) int ‘nn » Desmet Ballestra Oleo (Desmet) biodiesel technology offers an enhanced second generation process. - Desmet is European based and was founded in 1946. Currently employs over 600 people, located across 17 countries. > Plant will have a capacity of 250,000 TPA (280m litres pa) and wil
Slide 14: Construction and commissioning timeline
eK a Anag ati tlOn Mia » Plant is forecast to be constructed by early 2008 and commissioned by March 2008. » Prospectus forecasts based on 45% capacity for April, May and June 2008 and 95% capacity from July 2008 onwards. » Key focus in 2007 is to build the Plant — on time and on budget and to its n
Slide 15: Construction management
yn un ON MC anad ut iw IMAM aN i Merit Engineers have been engaged as the Owner's Representative to act as the Project Manager for the construction of the plant. Merit has extensive experience in building plants, both in Australia and overseas. Independent Expert (Currie & Brown) has confirmed that
Slide 16: Integrated project structure
cna ae ve ny wo 0 il il wn | ii | i | fl I il FU) | i SNA ii a= INTEGRATED Owners Representative BHD Balance of Plant Designer dupite Commercial-in-Confidence Page 15
Slide 17: Feedstock supply
sii Uh ull, CT ; HU oa i LOAN Plant can and will use a combination of crude & refined palm oil - Malaysian location provides low cost access to one of the largest palm oil producing region in the world (Indonesia is the other). 3 year contract signed with local trading company Ditali Sdn Bhd to supp
Slide 18: Off-take agreement with Masefield
Le aul i lan no i » 5 year contract with Masefield AG for 100% of the plant off-take. Masefield is a global oil and gas trading company. » Pricing formula based on the Mean of Platts Singapore Gasoil price (FOB - Kuantan). » Alliance with Masefield is more than just an off-take agreement. The off-ta
Slide 19: Singapore Gas Oil vs WTI
OlOd cil Singapore Gas Oil v's WTI Sb PK SS wD OD OSH HAS IMI SPP S$ ¥ w PP FS SS PY PF s SY s 5 S FEF EK E PEPE PE PEPE KE KEKE Commercial-in-Confidence Page 18 CC<tTCt icici cM MANN ~ Singapore Gasoil Price 0.05
Slide 20: Licences and approvals
We in IB B: i Lil ! Mi nt lin tu Hs ff fl on i nt | | Ou *» Malaysian Industrial Development Authority (MIDA) license approved in July 2006. » Tax Pioneer Status approved in August 2006. » Other licenses will be required as the building process continues but the key licenses are in place age
Slide 21: Board
Board has extensive experience in the Resources and Oil & Gas sectors and in particular in building plants of this (or greater) complexity: # Chairman: Eddie Smith * Managing Director: Geoff Gander * Finance Director: Geoff Clifford * Non Executive Directors: David Quinlivan Richard Beresford Dato’
Slide 22: Management and advisers
al NN _ BF Me il » Arthur Blaquiere — Strong background in building processing plants in SE Asia eu - Russell Thomson — Experienced in the renewables sector with background in cost control, project management and off take agreements » Azlan Yahya — Responsible for Jupiter Biofuels Sdn Bhd. Oil & Gas
Slide 23: Capital structure following IPO
Wa » The capital structure of JBF following completion of the IPO is summarised below: Shares Shares on issue at date of Prospectus 80,000,000 Shares offered under the Prospectus 150,000,000 230,000,000 Options Options to be listed prior to ASX listing 32,125,000 » Shares free of escrow from date of
Slide 24: Use of funds
II it » The Prospectus was lodged on 22 September 2006 is seeking to raise $75,000,000. » \tis intended to apply funds raised from the Offer as follows: Acquisition of Plant Technology Balance of Plant Construction Indirect Construction Costs Working Capital (inc $6M contingency) Equity Raising Fees
Slide 25: Forecast financials
i $ A Forecast to 30 Forecast to 30 6 month Forecast June 2007 June 2008 to 31 December 2008 Revenue - 24,729,351 105,619,126 Expenses (6,383,212) (28,844,246) | (91,078,633) EBITDA (6,383,212) (4,114,895) 14,540,493 Depreciation - (654,626) (1,326,805) and Amortisation EBIT (6,383,212) (4,769,521)
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