Jade Power Trust Trust Units · TSXV:JPWR.H
Jade Power Trust Trust Units — Investor Presentation (October 2019)
16 slides from Jade Power Trust Trust Units's investor presentation, October 2019
Slide 1: Emerging Markets Power Generation Investor Presentation
Emerging Markets Power Generation Investor Presentation October 2019 TSX.V: JPWR.UN TSX.V: JPWR.UN 0
Slide 2: Cautionary Notes
CAUTIONARY NOTES This presentation (the “Presentation”) has been prepared by Jade Power Trust (the “Trust”) and is being delivered for information purposes only. The Presentation is confidential and is made available strictly on the basis that it will not be reproduced, redistributed or disclosed, i
Slide 3: JadePower Highlights at a Glance
JADEPOWER Highlights AT A GLANCE Total Operating Projects • Revenue & profit generating 6 • Tax efficient trust structure Total Installed Capacity • 100% clean energy production 81 MW • Long-term offtakes on all production • Newly re-named Jade Power Trust Revenues (TSX-V: JPWR.UN) to align with the
Slide 4: JadePower Overview
JADEPOWER Overview • Publicly Listed on the TSX Venture Exchange (Symbol: JPWR.UN) • Generates and sells electricity to licensed suppliers in Romania • Diversified portfolio of wind (81% of production), solar (15%), and hydro (4%) assets • Generates revenue through EU subsidies (Green Certificates)
Slide 5: Value Proposition
Value Proposition INVESTMENT HIGHLIGHTS Long-term Stable • Long-term stable and predictable cash flows from long-term power contracts. Cash Flows from • Diversified portfolio with little variation in annual output. Diversified Portfolio • Tax advantaged structure that maximized after-tax cash flows
Slide 6: Corporate History
Corporate History Feb 2014 Jun 2014 Jul 2015 Oct 2015 Sep 2016 Dec 2017 Oct 2019 Trust Equity Equity Raise Equity Debenture Equity Financing: Name Change to Launched Raise: CAD $13m Raise: Financing: CAD $43m Jade Power from CAD $21m CAD $4m CAD $3m Blockchain Power 2014-2016 2017 2018 H1 2019 Dec 2
Slide 7: Strategy
Strategy Focused on Sustainable Power Generation CORE BUSINESS: Revenue from Clean Power Generation WIND SOLAR HYDRO Baia: 17.0 MW Corabia: 7.0 MW Rott: 1.7 MW East Wind: 45.0 MW PowerLIVE: 9.6 MW Zagra: 0.7 MW Total Capacity: 81MW October 2019 TSX.V: JPWR.UN 7
Slide 8: EU Green Certificates Explained
EU Green Certificates Explained EUROPEAN GREEN CERTIFCATE PROGRAM EXPLAINED • Romania has incentivized the construction and use of renewable energy by implementing a green certificate program. • EU mandate of 20 by 2020 - 20% of energy from renewable sources by 2020. • Renewable energy companies are
Slide 9: Performance Metrics
Performance Metrics ENERGY GENERATION1 REVENUE PERFORMANCE 2018 PERFORMANCE 147,544 2018: 2018: $17.3M CASH: $1.3M 96% YOY Increase 42% YOY Increase EBITDA: $5.9M 84,698 75,152 $12.3M 43,277 $8.7M $9.0M 2019 H1 PERFORMANCE 17,277 $3.5M CASH: $3.4M 5,068 $0.4M EBITDA: $4.0M 2014 2015 2016 2017 2018 2
Slide 10: Debt Profile
Debt Profile NET ASSETS & TOTAL DEBT Q2 2019 DEBT SUMMARY $44.4M $7.8M $4.7M $(1.6)M Corporate Level: $3.8M PowerLive: $11.1M Corabia: $8.1M Baia: $4.9M $97.6M Total Debt: $27.9M $(37.5)M $59.7M Debt Repayment: under 5 years $44.9M $31.1M $27.9M $11.4M 2014 2015 2016 2017 2018 Q2 2019 Net Assets Deb
Slide 11: Capital Structure
Capital Structure CAPITAL STRUCTURE as at June 30, 2019 Capital Structure Key Shareholders Ticker Symbol TSX-V: JPWR.UN Management & Insiders 2.2% Renovatio Group Limited 22.8% Share Price $0.135 MMCAP International Inc. 16.1% Shares Outstanding 230M Widely Held 58.9% Options Outstanding Nil -------
Slide 12: Management and Board of Directors
Leadership Management and Board of Directors Ravi is the Chairman and co-founder of Jade Power Trust. He is John was previously President of Algonquin Power Corporation, an entrepreneur and previously was CEO of an investment a builder, developer and operator of power generation facilities managemen
Slide 13: Contact: Ravi Sood, Colter Eadie, Betty Soares
RAVI SOOD J.COLTER EADIE BETTY SOARES Chairman Chief Executive Officer Chief Financial Officer rsood@jadepower.com jceadie@jadepower.com bsoares@jadepower.com Mobile: +1 647 987 7663 Mobile: +40 736 372 724 Mobile: +1 416 803 6760 TSX.V: JPWR.UN 13
Slide 14: Energy Portfolio
Energy Portfolio Operations: Wind, Solar, Hydro OPERATING CLEAN ENERGY PORTFOLIO Project Name(s): East Wind, Baia Generation Type: Wind Installed Capacity: 62 MW Unique Investment Vehicle Avg Annual Generation: 132,000 MWh • 81MW Hardware (Turbines): 22 Vestas V90 Land Owned: 5 acres capacity Date A
Slide 15: Romania
Romania Romania joined the European Union (EU) on 1 January 2007 ermany Poland g Czech Rep Slovakia Ukraine Austria Hungary Slovenia Romania Croatia Serb ia Italy Bulgaria Greece Abundant natural resources and generation mix Stable Electricity Infrastructure o Stable and Mixed Generation Capacity in
Slide 16: Strategic Shareholder
Strategic Shareholder Renovatio Group KEY FACTS • Renovatio Group is a strategic shareholder of Jade Power Trust holding approximately 51.9M units (22% currently outstanding) • Integrated operator (development, generation, trading, asset management) in the renewable energy sector • Has completed ove
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