Mpr Australia Limited · ASX:MPR
Mpr Australia — Shareholder Meeting (September 2018)
20 slides from Mpr Australia's shareholder meeting presentation, Sep 25, 2018
Slide 1: A Regional Renewables, Storage & Microgrid Leader
A REGIONAL RENEWABLES, STORAGE & MICROGRID LEADER RENEWABLE ENERGY | BATTERY STORAGE | HYBRID POWER SYSTEMS
Slide 2: MPower to Acquire Energy Made Clean
MPOWER TO ACQUIRE ENERGY MADE CLEAN TO CREATE A LEADING RENEWABLE ENERGY, BATTERY STORAGE AND MICROGRID SPECIALIST IN AUSTRALIA, NEW ZEALAND AND THE PACIFIC RENEWABLE ENERGY | BATTERY STORAGE | HYBRID SYSTEMS SEPTEMBER 2018 2
Slide 3: Transaction Highlights
TRANSACTION HIGHLIGHTS ENHANCED INVESTMENT MARKET LEADING POSITION HIGH GROWTH SECTOR • Shareholders to have a direct • Increased scale • Decentralisation of power investment in renewable • Region’s leading specialist generation reaching a tipping energy developments and microgrid company point cons
Slide 4: One brand: Increased scale
One brand: Increased scale 130+ talented people National and regional coverage Unique technical capability Diversified income streams 12,000+ shareholders Track record of delivering TAG PACIFIC LIMITED 4
Slide 5: Key Transaction Terms
KEY TRANSACTION TERMS …scrip based acquisition enhances and unlocks direct renewables potential for existing TAG and CCE shareholders… • CCE shareholders to receive 32% of • TAG head company to be renamed MPower MPower REBRANDING • ASX listing to continue as MPower DEAL TERMS • TAG shareholders reta
Slide 6: Capital Structure
CAPITAL STRUCTURE PRE-TRANSACTION INDICATIVE STRUCTURE POST COMPLETION ASX code: TAG Total shares currently on issue 124,328,175 Market cap (at 7cps) ~$9m New shares distributed to CCE 58,507,377 52 week high – low $0.11 - $0.043 shareholders Top 20 shareholders 78% Total shares (pre capital raise)*
Slide 7: A Compelling Opportunity
A COMPELLING OPPORTUNITY WELL EXPERIENCED HIGH GROWTH ESTABLISHED TEAM MARKET BUSINESS • Regional presence • Proprietary IP • Unstoppable shift to decentralised power • Extensive portfolio of • Unique technical capability completed projects • Increasing competitiveness • Unrivalled renewables and of
Slide 8: Diversified Income Streams
DIVERSIFIED INCOME STREAMS …a mix of project and annuity income streams… CCE TAG shareholders shareholders 32%* 68%* MPower (ASX listed) Currently Tag Pacific Limited (ASX: TAG) PROJECT PROJECT SERVICE & MAINTENANCE PRODUCT DISTRIBUTION DESIGN & CONSTRUCTION DEVELOPMENT + + *pre capital raise TAG PA
Slide 9: Project Revenues
PROJECT REVENUES Project design & construction Development margin Operations & maintenance revenue (ongoing) Asset management revenue (ongoing) Northam Solar Farm (WA) during construction TAG PACIFIC LIMITED 9 9
Slide 10: Financial Overview
FINANCIAL OVERVIEW STRONG $7M+ COMBINED COMBINED PRO FORMA AVAILABLE PROSPECT DIVIDEND PIPELINE FY2018 FRANKING REVENUE OF CREDITS $50M+ ~$20M COMBINED $25M+ FY2019 AVAILABLE HISTORICAL COMMITTED REVENUE TAX ORDER BOOK LOSSES TAG PACIFIC LIMITED 10
Slide 11: Target Projects
TARGET PROJECTS Hybrid off-grid systems Utility reliability systems Grid-connected renewables TAG PACIFIC LIMITED 11
Slide 12: Target Projects
TARGET PROJECTS Independent of government policy $2m to $20m Engineering project value value- add Blue chip clients Critical infrastructure TAG PACIFIC LIMITED 12
Slide 13: Market Opportunity
MARKET OPPORTUNITY …behind the meter generation is reaching a tipping point Behind the meter generation (Australia) as solar and battery storage overtake other forms of generation… Graph source: Bloomberg New Energy Finance TAG PACIFIC LIMITED 13
Slide 14: Track Record of Delivering Across the Region
TRACK RECORD OF DELIVERING ACROSS THE REGION Solar for Samoa Weipa Solar Farm Delamere Microgrid Cook Islands BESS UQ BESS Northam Solar Farm Garden Island Microgrid Illawarra BESS …regional capability across Australia, New Zealand and the Pacific… TAG PACIFIC LIMITED 14
Slide 15: Cook Islands Energy Storage
COOK ISLANDS ENERGY STORAGE DESCRIPTION Design and construct large scale grid- connected battery energy storage system SIZE 5.6 MWh battery energy storage system LOCATION Cook Islands CLIENT Local power utility DATE Awarded June 2017 FEATURES Provides flexibility to manage increasing renewable gener
Slide 16: Garden Island Microgrid
GARDEN ISLAND MICROGRID DESCRIPTION Design, build and operate solar/battery microgrid for both on and off grid operation LOCATION Garden Island, Western Australia CLIENT Carnegie/Department of Defence DATE Commissioning 2018 FEATURES Diesel generation and grid infrastructure 2 MW Solar PV 2 MW / 0.5
Slide 17: Solar for Samoa Project
SOLAR FOR SAMOA PROJECT DESCRIPTION Design and construct large scale grid- connected solar PV plants across two sites SIZE 5 MW solar PV LOCATION Samoa CLIENT First Solar Power purchased by local power utility DATE Completed 2017 FEATURES International procurement Challenging location Engaged & upsk
Slide 18: Northam Solar Farm
NORTHAM SOLAR FARM DESCRIPTION Design, construct, operate and maintain 9.9MW grid connected solar farm LOCATION Northam, Western Australia CLIENT Carnegie / Indigenous Business Australia / Bookitja DATE Commissioning 2018 FEATURES 9.9MW solar power station Approx. 24 GWh of electricity 34,000 solar
Slide 19: Growth Phases
GROWTH PHASES Building Extracting Building Benefits of capability synergies development scale value Value PHASE 1 PHASE 2 PHASE 3 PHASE 4 TAG PACIFIC LIMITED 19
Slide 20: Tag Pacific Limited
TAG PACIFIC LIMITED Phone +61 2 8275 6000 Level 32 Australia Square TAGPAC.COM info@tagpac.com 264 George Street MPOWER.COM.AU Sydney NSW 2001 Australia IMPORTANT NOTICE The material in this document has been prepared by Tag Pacific Limited (‘Tag’) and is general background information about Tag’s a