Tilt Renewables — Non-Deal Roadshow (November 2016)
19 slides from Tilt Renewables's roadshow presentation, November 2016
Slide 1: Tilt Renewables Management roadshow
N O V E M B E R T W E N T Y S I X T E E N Tilt Renewables Management roadshow
Slide 2: Experienced Board and management team
Experienced Board and management Introduction team to the Tilt Renewables executive team Tilt Renewables' executive team bring extensive experience and skills gained in the electricity generation and other sectors Robert Farron Steve Symons Chief Executive Officer Chief Financial Officer & Company S
Slide 3: Introduction to the Demerger
Introduction to the Demerger Overview of the Demerger Since its establishment in 1994, Trustpower become a geographically and operationally diverse company with a wide range of investment opportunities, particularly in relation to Trustpower’s electricity, gas and telecommunications retailing in N
Slide 4: Overview of Tilt Renewables
Overview of Tilt Renewables Tilt Renewables is an Australasian owner, operator and developer of a number of established wind farms and an extensive wind and solar development pipeline Investment highlights Tilt Renewables split by geography developer of wind farm assets, with an operating portfoli
Slide 5: Overview of Tilt Renewables' wind asset portfolio
Overview of Tilt Renewables' wind asset portfolio PALMER Current Status Environmental approvals WAVERLEY under appeal Current Status Likely Max capacity Progressing environmental SNOWTOWN (STAGE I) Up to 375MW approvals Commissioned 2008 Potential timing* Likely Max capacity Installed capacity 101MW
Slide 6: The renewable energy target
The renewable market opportunity The renewable energy target Renewable Energy Target outlook In June 2015, after gaining cross-bench support, the Australian Federal Government's amendments to the renewable energy target ("RET") came into force. The large-scale RET was amended to reflect 35,000 a t
Slide 7: Paris Agreement - COP 21
The renewable market opportunity Paris Agreement - COP 21 Electricity generation by proportion of energy type by country (2014) The Paris Agreement defines the long-term objective of collective action to limit global warming to “well below” 2°C above pre-industrial Australia levels, and take steps
Slide 8: Tilt Renewables' strategy
Tilt Renewables' strategy Primary strategic objective is to build on existing Australian and New Zealand wind development experience in order to successfully 1 implement its development pipeline Secure a greater share of the Australasian renewable energy market and further establish itself as a lead
Slide 9: Overview of PPAs and key counterparties
Experienced Board and management Overview team of PPAs and key counterparties Tilt Renewables has a high level of contracted revenue, with counterparties including Origin Energy and New Trustpower Origin Energy All of Tilt Renewables' existing Australian wind farms have Power Purchase Agreements (
Slide 10: Asset management approach
Experienced Board and management Asset team management approach Tilt Renewables adopts an externally managed approach to O&M with long-term arrangements in place with turbine O&M providers Tilt Renewables' asset management approach Tilt Renewables have long term arrangements in place with turbine
Slide 11: Development pipeline update
The renewable market opportunity Development pipeline update Project Location Status Likely maximum installed Potential Timing capacity (Financial Close) * Salt Creek VIC Environmental approvals obtained, progressing Up to 52MW 2017 procurement activities Waddi WA Environmental approvals obtained in
Slide 12: Development approach
Experienced Board and management Development team approach Trustpower has a strong track record and reputation as a developer of renewable generation projects across Australasia Tilt Renewables' development approach Tilt Renewables’ current senior management team has been significantly involved in
Slide 13: Summary pro forma income statement
Experienced Board and management Summary team pro forma income statement Summary pro forma historical financial information Management commentary for financial year ended 31 March 2016 A$m FY2014 FY2015 FY2016 Snowtown Stage II Wind Farm had its first full year of operations Australian wind cond
Slide 14: Balance sheet and cashflow
Experienced Board and management Balance team sheet and cashflow Pro forma historical statement of financial position Summary pro forma historical operating cash flows A$m FY2016 A$m FY2014 FY2015 FY2016 Cash 5.1 Pro Forma EBITDAF 53.2 103.6 111.6 Other Current Assets 26.4 Change in working capital
Slide 15: Capital structure and dividend policy
Experienced Board and management Capital team structure and dividend policy Capital structure Dividend policy As part of the completion of the demerger Tilt Renewables The Tilt Renewables Board intends to target a dividend payout in reached financial close with a syndicate of lenders and EKF to
Slide 16: Key shareholders
Experienced Board and management Key teamshareholders Tilt Renewables' major investors are Infratil and TECT Infratil (through various subsidiaries) (51.0%) New Zealand based infrastructure investment company. It owns 22.2% airports, electricity generators and retailers, and a public transport busin
Slide 17: The Tilt Renewables Board
The Tilt Renewables Board Tilt Renewables’ Board of Directors is responsible for key strategy and decision making. The team has a wealth of experience in the energy and wider business sectors to draw from Bruce Harker Fiona Oliver Chairman Independent Director Non-independent Director Fiona is exper
Slide 18: Disclaimer
Disclaimer This presentation has been prepared by Trustpower Limited (Trustpower) in relation to a proposed demerger transaction (Demerger). Information: This presentation contains summary information about Trustpower and the currently intended activities of New Trustpower (currently a subsidiary of
Slide 19: End
Experienced Board and management End team 19