Janus Electric Holdings Limited · ASX:JNS
Janus Electric — ReNu Energy — Corporate Update (May 2017)
14 slides from Janus Electric's corporate update, May 22, 2017
Slide 1: Company Update – We Generate Change
Company Update 22 May 2017 We Generate Change 1
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by ReNu Energy Limited (ABN 55 095 006 090) and is general background information about ReNu Energy’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete.
Slide 3: Our Vision and Mission
Our Vision is to Generate change Our Mission is to Deliver innovative clean energy products and services to our customers, creating sustainable value for our shareholders 3
Slide 4: Investor value proposition
Investor value proposition Transformation and • Transformation from geothermal to renewable independent power provider 1 increased focus on solar PV • Increased focus on solar PV build, own, operate and maintain projects in Australia VivoPower • Five year Alliance Agreement with global solar power c
Slide 5: Overview of ReNu Energy Limited
Overview of ReNu Energy Limited ReNu Energy Limited is a clean energy products and services company, delivering independent power solutions through the development of, build, own, operate and maintain renewable energy projects in Australia ReNu Energy is well positioned for growth in the Our Vision
Slide 6: Experienced board and management
Experienced board and management ReNu Energy’s Board and Management has a track record in developing renewable energy projects, managing profitable operating businesses and capital raising Mr Steve McLean Over twenty years’ experience in investment banking and equity capital markets, commenced Non-E
Slide 7: Renewable energy sector
Renewable energy sector Market conditions are conducive for strong growth in renewable energy projects Growth in renewables, particular solar PV continues to accelerate • Wholesale and retail prices continue to rise at significant rates • Large-scale Generation Certificates (LGC) prices are high • M
Slide 8: 1. Transformation and increased focus on solar PV
1. Transformation and increased focus on solar PV The Company has transformed from a geothermal developer to a provider of independent power solutions, delivering the strategic objectives outlined at the 2016 AGM Strengthen the Company’s position as a diversified clean energy company • Re-launched
Slide 9: 2. VivoPower Alliance Agreement
2. VivoPower Alliance Agreement ReNu Energy has first rights of refusal to acquire projects originated by VivoPower in Australia • On 18 May ReNu Energy announced a five year Alliance Agreement with VivoPower Pty Ltd to acquire solar PV projects in Australia • VivoPower Pty Ltd is a wholly owned sub
Slide 10: 3. Amaroo solar project acquisition
3. Amaroo solar project acquisition Acquisition of 600kW Amaroo Solar PV Project underpinned by 20 year ACT Government FiT at $0.30/kWh Location Amaroo School, ACT • Binding term sheet to acquire from VivoPower subject to confirmatory due diligence Size of Plant 600kW DC • Purchase price of $2.38 mi
Slide 11: 4. Building a platform of renewable energy assets
4. Building a platform of renewable energy assets ReNu Energy is building a portfolio of renewable energy assets, to deliver sustainable cash flows underpinned by long term agreements Solar PV pipeline VivoPower Alliance Bioenergy PPAs Areas of Focus • VivoPower is a wholly owned Interest continues
Slide 12: 5. Overhead cost reduction
5. Overhead cost reduction Overheads continue to be reduced as the Company right sizes post geothermal exploration • Over the last 2 years, overheads have been reduced by ~25% • Review of overheads and improvement in efficiency to deliver a further 10% reduction (c. $400,000) in overheads on a run r
Slide 13: 6. Strategy and outlook
6. Strategy and outlook Objective is to deliver positive operating cash flows during calendar year 2018 on a run rate basis • ReNu Energy’s strategy is to build an independent power provider business, delivering sustainable cash flows underpinned by long term agreements with high quality counterpart
Slide 14: Contact details
Contact details Chris Murray – CEO & Managing Director chris.murray@renuenergy.com.au M: +61 418 822 913 14