Coro Energy Plc · LSE:CORO
Coro Energy — Investor Presentation (December 2022)
12 slides from Coro Energy's investor presentation, Dec 15, 2022
Slide 1: A South East Asian Low Carbon Energy Business
Q1 2023 CORO ENERGY PLC A SOUTH EAST ASIAN LOW CORO ENERGY PLC INVESTOR PRESENTATION Q4 CARBON ENERGY BUSINESS UPDATED 15/12/22 PRIVATE & CONFIDENTIAL
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: Executive Summary
( EXECUTIVE SUMMARY A South East Asian focused low carbon ST R AT EGY SOUTH EAST energy business, blending a high ASIA PORTFOLIO quality gas portfolio with early stage Support operator of Duyung to secure but growing renewables exposure GSA, reach FID and possibly farm out and / or monetise earlier
Slide 4: The Team
THE TEAM James Parsons Leonardo Salvadori Michael Carrington Ewen Ainsworth Executive Chairman Managing Director Managing Director Chief Financial Officer (Oil & Gas) (Renewables) Experienced AIM Chairman Leonardo has over 30 years of 30 years’ experience of energy efficiency Non-Executive Director
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: Italian Gas Portfolio
C A S A TO N E T TO C A S I N A C A S T E L LO (BEZZECCA) BADILE ITALIAN GAS PORTFOLIO SILLARO S . A L B E R TO OPERATED S . LO R E N Z O R A PA G N A N O CORO ENERGY PLC INVESTOR PRESENTATION Q4 A S S E T OV E RV I E W A S S E T D I V E STM E N T Strong Milan based operational Option awarded to div
Slide 7: Duyung PSC
NON-OPERATED DUYUNG PSC A S S E T OV E RV I E W T E N G I R I -1 Located in the West Natuna basin Shallow, Intra-Muda sandstone reservoir CORO ENERGY PLC INVESTOR PRESENTATION Q4 Six wells have penetrated the field to date TA M B A K-1 Two wells successfully flow tested at rates of approx. 9MMscf/d
Slide 8: Duyung PSC: Forward Plan
WNTS (WEST NATUNA TRANSPORT SYSTEM) GAS PIPELINE TO SINAGPORE DUYUNG PSC : FORWARD PLAN CORO ENERGY PLC INVESTOR PRESENTATION Q4 Close to existing infrastructure, with gas evacuation through third party operated West Natuna Transportation System (WNTS), which delivers gas MAKO FIELD LOCATION IN dire
Slide 9: Vietnam Rooftop Solar Portfolio
VIETNAM ROOFTOP SOLAR PORTFOLIO (85% NET TO CORO) 3MW pilot project revenue producing AREA OF PROJECTS Heads signed to acquire further 3.25MW existing project for US$1.7M: CORO ENERGY PLC INVESTOR PRESENTATION Q4 Assumption by Coro of c.US$1.0 million of existing specialist renewables debt with a Vi
Slide 10: Philippines Solar and Wind Projects
PHILIPPINES SOLAR AND WIND PROJECTS (80% NET TO CORO) 100MW utility scale Solar 100MW utility scale onshore wind 2 x Pre development projects Targeting IRR between Pre development project Annual production forecast approximately 6 months from mid-teen to mid twenties approximately 12 months to above
Slide 11: Investment Summary
INVESTMENT SUMMARY: Supporting the regional transition to a low carbon economy South East Asian energy markets Key focus is development Increasing deployment of capital into Asian present a compelling investment of prolific Duyung asset renewables projects to provide sustainable cash case for gas an
Slide 12: Shareholders
SHAREHOLDERS 2.9% CORO ENERGY PLC INVESTOR PRESENTATION Q4 4% 7% 7.32% 2.58% 76.2% info@coroenergyplc.com Corotr1@coroenergyplc.com James Parsons - Chairman Ewen Ainsworth - CFO CONRAD PETROLEUM LTD SPREADEX CIP MERCHANT CAPITAL MANAGEMENT LOMBARD ODIER OTHERS 12