Westbridge Renewable Energy Corp · TSXV:WEB
Westbridge Renewable Energy — Investor Presentation (June 2025)
20 slides from Westbridge Renewable Energy's investor presentation, June 2025
Slide 1: A proven platform for scalable growth in clean energy development
A proven platform for scalable growth in clean energy development. June 2025 TSXV: WEB FRA: PUQ0 www.westbridge.energy OTCQX: WEGYF 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been prepared by Westbridge Renewable Energy Corporation transactions if at all, trends in the Company’s business or the solar industry, the Company’s solar development (“Westbridge” or the “Company”) and contains confidential information
Slide 3: Unique investment opportunity
Unique investment opportunity • Leaders in utility-scale solar sector on the TSXV • Focused on highest-value stage of development: transforming raw land into permitted sites ready for construction We are a fast-growing, • A high-quality portfolio in excess of 10 GW Solar & BESS utility-scale solar I
Slide 4: Built for Short & Long-term Shareholder Value
Built for Short & Long-term Shareholder Value Capitalization Table – May 12, 2024 Basic Fully Diluted Common Basic Shares 101.1M Stock Options @ $0.64 Average 5.76M 40% INSIDERS Common Shares Fully Diluted 106.M Market Cap. @ June 1, 2025 ($0.75/Share) $75.86M Price Performance & Volume Traded 1.5 3
Slide 5: Highlights and KPIs
Highlights and KPIs Portfolio Track Record Financials >33x Projects Strong Portfolio 10.0 GW $89mm1 Portfolio Sold Growth Growth3 33% Solar Exceptional Cash/equiv. $28mm Technology Target 5-10x 67% BESS ROIC LT Debt Zero $10m Risk 24 Projects 3 AUC2 Capital Approvals Approvals Dividend, Managed 4 Co
Slide 6: Demand For Clean Power is Surging
Demand For Clean Power is Surging U.S. Electricity Demand Forecast (EIA) Why Solar will lead the transition • The IEA expects renewable capacity to grow 2.7X, Power consumption equivalent to 5,500 GWs by 2030 6,000 is set to surge • IEA forecasts that Solar will be 80% of this growth Historical Proj
Slide 7: Business Model
Business Model 1 Project Origination • Initial assessment of project feasibility • Identify and secure land rights for greenfield Targeting solar and battery storage projects >5x returns on 2 Project Development capital invested • Environmental permits • Grid interconnection studies • Energy resourc
Slide 8: Focused on Maximizing Returns on Capital
Focused on Maximizing Returns on Capital Most Attractive Phase The only publicly-traded North American renewable energy company focused exclusively on “Phase 1” PHASE 1 PHASE 2 PHASE 3 Westbridge (TSXV: WEB) Development Build and Commission Own and Operate • Greenfield origination • 1-2 years timeli
Slide 9: A Best-in-Class Leadership Team
A Best-in-Class Leadership Team STEFANO ROMANIN MARGARET MCKENNA PHILIP STUBBS PANDELIS VASSILAKAKIS CHIEF EXECUTIVE OFFICER & BOARD DIRECTOR CHIEF OPERATING OFFICER & BOARD DIRECTOR CHIEF FINANCIAL OFFICER CHIEF BUSINESS DEVELOPMENT OFFICER A track record of executing A track record of developing A
Slide 10: Operating in the Right Renewables Markets
Operating in the Right Renewables Markets 1 Canada 3 United Kingdom One of the best places for solar projects Ranked #7 on EY’s Renewable Energy • Alberta renewable energy act seeks to achieve Country Attractiveness Index (2023) 30% electrical power production from • Pledged to decarbonize by 2035,
Slide 11: Completed & Late-Stage – a compelling track record
Completed & Late-Stage – a compelling track record Sold Late-stage Project Location Solar PV Capacity 1 BESS Capacity1 Status Georgetown Alberta 278 MWdc 200 MWh SOLD – C$44mm (Initial + RTB milestones) Sunnynook Alberta 332 MWdc 200 MWh SOLD – C$39mm (Initial + RTB milestones) Dolcy Alberta 375 MWd
Slide 12: Metlen Alberta Transaction(s) Potential Milestone Payments
Metlen Alberta Transaction(s) Potential Milestone Payments Completed projects (Georgetown, Sunnynook) have delivered C$83m of non-dilutive cash, and have a further C$50m of potential milestone payments. RTB Total Potential Solar PV BESS Contracted COD Final ITC Credit Gross BESS Location Project Cap
Slide 13: Georgetown Case Study
Georgetown Case Study Project Environmental Submission AESO NID Project Sold Originated Studies to AUC Submitted to Metlen 2Q21 4Q21-1Q22 4Q22 4Q23 2020 3Q21-4Q21 1Q22 3Q23 4Q23 Interconnection Plant Design & AUC Permit NID Approved Application Optimization Approved by AUC Exceptional Returns to Dat
Slide 14: Sunnynook Case Study
Sunnynook Case Study Interconnection Environmental Submission AESO NID Project Sold Application Studies to AUC Submitted to Metlen 4Q21 4Q22-1Q23 2Q23 3Q24 2Q21 3Q22-4Q22 1Q23 3Q24 4Q24 Project Plant Design & AUC Permit NID Approved Originated Optimization Approved by AUC Exceptional Returns to Date
Slide 15: A Deep and Robust Mid-Stage Portfolio
A Deep and Robust Mid-Stage Portfolio Sold Mid-stage Project Location Solar PV Capacity 1 BESS Capacity1 Status Fiskerton UK - 106 MWh Feasibility Study Completed Gierre Solare Italy 32 MWdc - Permitting Applications in Progress Nm Solare Italy 30 MWdc - Feasibility Study Completed - AESO 2 in Progr
Slide 16: Rapidly Growing - Early-Stage Pipeline
Rapidly Growing - Early-Stage Pipeline Growth driven by strong capital recycling of monetized projects: currently 9 projects, 5.4 GW, located across the U.S. Total Capacity: 4,872 MWdc 1,172 Solar MWdc 4,200 BESS MWh Stand-alone BESS Capacity: 3,400 MWh 16
Slide 17: Standalone BESS projects
Standalone BESS projects The energy storage market is emerging as a vital component for integrating renewable energy and the need for grid stability ,and general grid balancing needs. We expect to see significant growth in 2025 and the medium term. We are rapidly growing our standalone BESS project
Slide 18: Strategic Levers for Long-Term Growth & Emerging Trends
Strategic Levers for Long-Term Growth & Emerging Trends • Ability to originate high ROCI assets Portfolio Re-Investment • With class leading returns more than 5x • Expand footprint into attractive markets New Geographies • Canada, Western Europe, UK • Green datacenter development New Opportunities •
Slide 19: Why Invest?
Capital-light business model with strong thematic tailwinds • IEA expects solar to grow at a 15% CAGR through 2028 • Attractive returns on capital invested, targeting 5x-10x+ ROIC Project sales validate business model and solidify balance sheet • Sunnynook project monetized in October 2024 for an up
Slide 20: Contact
STEFANO ROMANIN Director & CEO sromanin@westbridge.energy SCOTT KELLY Director & Board Chair skelly@westbridge.energy PAUL ADAMS Investor Relations, United Kingdom & Europe padams@westbridge.energy JOSHUA COHEN Investor Relations, North America jcohen@westbridge.energy TSXV: WEB FRA: PUQ0 OTCQX: WEG
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