Westbridge Renewable Energy Corp · TSXV:WEB
Westbridge Renewable Energy — Investor Presentation (November 2024)
16 slides from Westbridge Renewable Energy's investor presentation, November 2024
Slide 1: A proven platform for scalable growth in clean energy development
A proven platform for scalable growth in clean energy development. Q4 2024 TSXV: WEB FRA: PUQ 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 of more than 9 GW Solar & BESS utility-scale solar In
Slide 4: 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 5: Business Model Designed To Maximize ROIC
Business Model Designed To Maximize ROIC 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 interconnectio
Slide 6: 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 7: 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 8: Focused on Maximizing Return on Capital
Focused on Maximizing Return on Capital Most Attractive Phase The only publicly-traded North American renewable energy company focused exclusively on “Phase 1” Westbridge (TSXV: WEB) PHASE 1 PHASE 2 PHASE 3 Development Build and Commission Own and Operate • Greenfield origination • 1-2 years timelin
Slide 9: 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 10: A Robust Late and Mid-Stage Portfolio
A Robust Late and Mid-Stage Portfolio Sold Late-stage Mid-stage Project Solar PV Capacity 1 BESS Capacity Status Georgetown 278 MWdc 200 MWh SOLD – C$44mm Sunnynook 332 MWdc 200 MWh SOLD – C$39mm Dolcy 2 375 MWdc 200 MWh AUC Approval - Definitive Sale Agreement Eastervale 2 345 MWdc 400 MWh Stage 3
Slide 11: Deep Pipeline of Early-Stage Projects
Deep Pipeline of Early-Stage Projects. Total Capacity: 4,872 MWdc 672 Solar MWdc 4,200 BESS MWh Stand-alone BESS Capacity: 2,800 MWh 11
Slide 12: Strategic Levers for Long-Term Growth & Emerging Trends
Strategic Levers for Long-Term Growth & Emerging Trends • Ability to originate high ROCE 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 13: Strategic Imperatives and Near-Term Catalysts 2025
Strategic Imperatives and Near-Term Catalysts 2025 1 2 3 4 Advance remaining Operate business Permit and License Advance mid and Metlen projects to profitably and Dolcy and advance early-stage project AUC approval and distribute profits to ready to build portfolio permitting to shareholders 13
Slide 14: 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 • Sunynook project monetized in October 2024 for an upf
Slide 15: Built for Short & Long-term Shareholder Value
Built for Short & Long-term Shareholder Value Capitalization Table – November 5, 2024 Basic Fully Diluted Common Basic Shares 101.5M Stock Options @ $0.60 Average 4.82M 40% INSIDERS Common Shares Fully Diluted 106.3M Market Cap. @ Nov. 5, 2024 ($0.86/Share) $81.1M Price Performance & Volume Traded 1
Slide 16: www.westbridge.energy TSXV: WEB FRA: PUQ
STEFANO ROMANIN Director & CEO sromanin@westbridge.energy SCOTT KELLY Director & Executive 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: PUQ OTCQX:
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