Coro Energy Plc · LSE:CORO
Coro Energy — Investor Presentation (December 2021)
18 slides from Coro Energy's investor presentation, Dec 2, 2021
Slide 1: Coro Energy Plc Investor Update Q4 2021
Q4 2021 CORO ENERGY PLC INVESTOR UPDATE CORO ENERGY PLC INVESTOR PRESENTATION Q4 UPDATED 02 DECEMBER 2021
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (“Presentation”) has been prepared by Coro Energy plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers giv
Slide 3: A South East Asian Energy Company
A SOUTH EAST ASIAN ENERGY COMPANY “Supporting the regional transition to a low carbon economy” Blended renewables Building the clean REGIONAL PORTFOLIO and gas portfolio energy portfolio underpinned by regional Ongoing development of portfolio CORO ENERGY PLC INVESTOR PRESENTATION Q4 energy demand g
Slide 4: The Team
THE TEAM Mark Hood Michael Carrington James Parsons CEO COO (Non-Board) Non-Executive Chairman Over 20 years’ experience in utility scale 30 years’ experience of energy efficiency and Experienced AIM Chairman with CORO ENERGY PLC INVESTOR PRESENTATION Q4 energy projects at all stages of development
Slide 5: Why South East Asia?
WHY SOUTH EAST ASIA? Rapid GDP growth will Significant new annual investment in Governments noted to be shelving increase energy demand renewables is forecast to 2040 to meet coal projects in favour of clean growing demand energy substitutes CORO ENERGY PLC INVESTOR PRESENTATION Q4 PROJECTED ASEAN G
Slide 6: Delivering the Strategy So Far
DELIVERING THE STRATEGY SO FAR Acquisition of Global Binding joint venture FID Vietnam Energy Partnership Ltd agreement signed (Nov.21) Pilot including 100MW solar and with Vinh Phuc Energy for 100MW onshore wind joint rooftop solar projects in the Philippines development in Vietnam CORO ENERGY PLC
Slide 7: Regional Portfolio
REGIONAL PORTFOLIO Diversified portfolio of transitional fuel & clean 1 DUYUNG PSC GAS (INDONESIA) 2 150MW SOLAR PROJECT (VIETNAM) 3 100MW SOLAR PROJECT (PHILIPPINES) 4 100MW WIND PROJECT (PHILIPPINES) energy development assets CORO ENERGY PLC INVESTOR PRESENTATION Q4 across South-East Asia Multiple
Slide 8: Duyung PSC: High Value Gas Asset
DUYUNG PSC: HIGH VALUE GAS ASSET A S S E T OV E RV I E W T E N G I R I -1 Shallow Intra-Muda reservoir sandstone located in West Natuna basin CORO ENERGY PLC INVESTOR PRESENTATION Q4 Coro acquired 15% in 2019, two successful TA M B A K-1 appraisal wells 2019;NAV doubled Dry gas, no H2S, minimal CO2,
Slide 9: Releasing Value from Duyung PSC
WNTS (WEST NATUNA TRANSPORT SYSTEM) GAS PIPELINE TO SINAGPORE RELEASING VALUE FROM DUYUNG PSC C O M M E R C I A L I S AT I O N CORO ENERGY PLC INVESTOR PRESENTATION Q4 Close to existing infrastructure, including third party operated West Natuna Transportation System (WNTS), which delivers gas direct
Slide 10: Ion Ventures – Proof of Concept
ION VENTURES – PROOF OF CONCEPT +300%* increase in book value before Focus now turns to ion’s South-East Asian pipeline – including residual value in ion Ventures Coro’s ownership remains 20.3% and we retain a right of first refusal to invest in South-East Asian projects CORO ENERGY PLC INVESTOR PRE
Slide 11: Philippines - Utility Scale Wind and Solar
PHILIPPINES - UTILITY SCALE WIND AND SOLAR Value build through planning and permitting stages CORO ENERGY PLC INVESTOR PRESENTATION Q4 Desktop Kick off local PPA Installation of engineering of Solar negotiations and Met mast and Lidar facilities completed tender packages wind measurement identifying
Slide 12: Vietnam – VPE Transaction and Solar Market
VIETNAM – VPE TRANSACTION AND SOLAR MARKET The Transaction: Strategic Rationale: Drivers of Rooftop CORO ENERGY PLC INVESTOR PRESENTATION Q4 Solar Growth Build, own, operate Large electricity demand Binding joint terms announced from manufacturing Access to Vietnam rooftop PV market November 2021 At
Slide 13: Investment Opportunity
Unique offering in the INVESTMENT OPPORTUNITY: London marketplace 1. Exposure to fast growth South-East Leading the regional transition to a low carbon economy Asian energy markets 2. Low-carbon investment strategy South East Asian energy Coro’s regional strategy Acquisition of 12 3. Significant ups
Slide 14: Appendix
CORO ENERGY PLC INVESTOR PRESENTATION Q4 APPENDIX APPENDIX 14
Slide 15: Philippines - Energy Mix
PHILIPPINES - ENERGY MIX CAPACITY IN 2019 MW % NET CAPACITY CHANGE IN 2019 (MW) NON-RENEWABLE 18,868 74 NON-RENEWABLE HYDRO AND MARINE SOLAR RENEWABLE 6,695 26 HYDRO/MARINE SOLAR 3,024 922 12 4 + 1,592 + 41 + 25 CORO ENERGY PLC INVESTOR PRESENTATION Q4 WIND 427 2 WIND BIOENERGY GEOTHERMAL 0 + 52 0 B
Slide 16: Vietnam - Energy Mix
VIETNAM - ENERGY MIX CAPACITY IN 2019 MW % NET CAPACITY CHANGE IN 2019 (MW) NON-RENEWABLE 30,690 56 NON-RENEWABLE HYDRO AND MARINE SOLAR RENEWABLE 24,519 44 HYDRO/MARINE SOLAR 18,069 5,695 33 10 + 3,950 + 80 + 5,589 CORO ENERGY PLC INVESTOR PRESENTATION Q4 WIND 375 1 WIND BIOENERGY GEOTHERMAL + 183
Slide 17: Singapore - Energy Mix
SINGAPORE - ENERGY MIX CAPACITY IN 2019 MW % NET CAPACITY CHANGE IN 2019 (MW) NON-RENEWABLE 13,364 97 NON-RENEWABLE HYDRO AND MARINE SOLAR RENEWABLE 467 3 HYDRO/MARINE SOLAR 0 255 0 2 0 0 + 95 CORO ENERGY PLC INVESTOR PRESENTATION Q4 WIND 0 0 WIND BIOENERGY GEOTHERMAL 0 0 0 BIOENERGY 211 2 GEOTHERMA
Slide 18: Shareholders
SHAREHOLDERS CORO ENERGY PLC INVESTOR PRESENTATION Q4 3% 14% 7% 7% 69% info@coroenergyplc.com Mark Hood - CEO Michael Carrington - COO CONRAD PETROLEUM LTD LOMBARD ODIER CIP MERCHANT CAPITAL MANAGEMENT OTHERS 18