Sp New Energy Corporation · PSE:SPNEC
Sp New Energy — Investor Presentation (August 2022)
14 slides from Sp New Energy's investor presentation, Aug 10, 2022
Slide 1: SPNEC Investor Presentation (August 2022)
SPNEC Investor Presentation (August 2022) To Complete the Development of 10 GW of Solar
Slide 2: Disclaimer
Disclaimer THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED THESE SECURITIES OR DETERMINED IF THE INFORMATION HEREIN IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE AND SHOULD BE REPORTED IMMEDIATELY TO THE PHILIPPINE SECURITIES AND EXCHANGE COMMISSION. THE S
Slide 3: SP has an estimated 2/3 of the PH's contracted RE capacity
SP has an estimated 2/3 of the PH’s contracted RE capacity¹ • In 2015, Solar Philippines (SP) believed that falling solar prices would cause demand to exceed supply for solar sites, so SP began consolidating land and permits for 10 GW, which as of 2022 it has substantially contracted, with economics
Slide 4: SPNEC is issuing shares to complete the development of 10 GW
SPNEC is issuing shares to complete the development of 10 GW Asset-for-Share Swap Stock Rights Offering (SRO) Private Placement • SPNEC has approved a share swap of SP’s • 1.88B shares offered to eligible shareholders, • 3.25B shares (or balance needed to achieve shares in companies (listed below) i
Slide 5: SPNEC targets GW operational by 2026, with GW attributable
SPNEC targets 10 GW operational by 2026, with 5 GW attributable Overview of Portfolio Business Model: Creating Value from Project Development Capacity 10 GW • SPNEC’s focus is to be the first to consolidate agricultural land and permits for projects, for which it secures off-take contracts, with eco
Slide 6: SP invested ₱1B to develop 400 MW valued at ₱10B+ via this model
SP invested ₱1B to develop 400 MW valued at ₱10B+ via this model • SP invested ~₱1B in 2015 (in cash and land) as equity for Batangas-1, in which it sold 38% to KEPCO in 2018 for ₱2.25B, which it used to develop its pipeline of projects, including Tarlac-1, in which it sold preferred shares converti
Slide 7: First 1 GW
First 1 GW Batangas-1 – SP Calatagan; Tarlac-1 – SP Tarlac; Rooftop – SP Rooftop, SP Commercial Rooftop Entity Projects (SPCRPI), Laguna Solar Rooftop; Batangas-2 – SP Tanauan; Nueva Ecija – SP Nueva Ecija Planned Land Batangas-1 – Owned by SP Calatagan; Tarlac-1 – Partly owned by SP Tarlac, partly
Slide 8: Green Energy Auction Program (GEAP) 1.8 GW
Green Energy Auction Program (GEAP) 1.8 GW Tarlac-2 – SPCRPI, to be assigned to SP Central Luzon List Of Winning Bidders For GEA-1 (unless otherwise agreed with ACEN); Quezon – SPCRPI, Entity Luzon to be assigned to SP Eastern; Leyte – SP Visayas; GenSan No. Facility Name Company Name Capacity (MW)
Slide 9: Batangas Baseload 1.8 GW
Batangas Baseload 1.8 GW Entity SP Batangas Baseload Original Proponent Solar Philippines Batangas Baseload Corporation Planned Land Proposed solar power plants with Energy Storage System Lease from related party Arrangement OP Plant (“ESS”) located in the province of Batangas, Cavite and/or Descrip
Slide 10: Terra Solar 3.5 GW
Terra Solar 3.5 GW Entity Terra Solar Philippines, Inc. (TSPI) Final Invitation to BID—Contract capacity of 850MW (net), COD 2026 Planned Land To be acquired by SPNEC then acquired by TSPI • Pursuant to the Department of Energy (“DOE“) circular No. DC2018-02-0003, Arrangement as amended by DOE Circu
Slide 11: SPNEC corporate structure post-share swap
SPNEC corporate structure post-share swap Countryside Investments Holdings Corporation Solar Philippines Power Public (Affiliate of SPPPHI that Project Holdings, Inc. bought shares in IPO) 0.8% 79.2%1 20.0%1 SPNEC Solar Philippines Solar Philippines Tarlac Solar Philippines Tanauan Solar Philippines
Slide 12: Summary of terms of the stock rights offering
Summary of terms of the stock rights offering Issuer SPNEC Rights Shares 1,875,649,995 common shares of the Issuer Offer Price Range ₱1.50 to ₱1.76 per Rights Share Entitlement Ratio Ratio of 1 Rights Share for every 1.28 existing common shares held as of Record Date Use of Proceeds Project developm
Slide 13: For questions, email spnec@solarphilippines.ph
For questions, email spnec@solarphilippines.ph 13
Slide 14: Appendix – Under development since 2015 to be ready by 2024
Appendix – Under development since 2015 to be ready by 2024 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2015-2016 2016-2019 2016-2024 2016-2022 2016-2024 2019-2024 Site identification: DOE Service NGCP Land Permitting: In parallel Contracting: Having Confirmed areas with Contracts: Fulfilled I