Janus Electric Holdings Limited · ASX:JNS
Janus Electric — Investor Presentation (November 2023)
51 slides from Janus Electric's investor presentation, Nov 21, 2023
Slide 1: Attractive ESG investment opportunity
Company Presentation | November 2023 Artist impression Attractive ESG investment opportunity Conscious Sustainable Investments Company Presentation | November 2023 1
Slide 2: Disclaimer
Company Presentation | November 2023 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
Slide 3: Contents
Company Presentation | November 2023 Contents Capital raising summary 4 Introduction 8 Countrywide Hydrogen Tasmanian projects 17 Countrywide Hydrogen opportunities pipeline 25 RNE investee portfolio 30 Appendix 33 Contacts 51 Conscious Sustainable Investments 3
Slide 4: Capital raising summary
Company Presentation | November 2023 Capital raising summary Conscious Sustainable Investments 4
Slide 5: Entitlement offer - overview
Company Presentation | November 2023 Entitlement offer - overview Offer Overview Fully underwritten pro rata, non-renounceable Entitlement Offer to raise up to $2 million (before offer costs). The Entitlement Offer will be conducted on the basis of 1 new share for every 2.46 shares held on the Recor
Slide 6: Entitlement offer – overview (cont.)
Company Presentation | November 2023 Entitlement offer – overview (cont.) The net cash used in operating activities for the June 2023 and September 2023 quarters was approximately $1.15 million and $0.88 million respectively. The net cash to be used in operating activities outflow for the December 2
Slide 7: Entitlement offer - timetable
Company Presentation | November 2023 Entitlement offer - timetable Event Date Announcement of Entitlement Offer Tuesday, 21 November 2023 Record Date to determine Entitlements 7.00pm (Sydney time) Friday, 24 November 2023 Opening date of Entitlement Offer Wednesday, 29 November 2023 Offer booklet an
Slide 8: Introduction
Company Presentation | November 2023 Introduction Conscious Sustainable Investments 8
Slide 9: Who we are
Company Presentation | November 2023 Who we are ReNu Energy Key priority through (ASX:RNE) has the Countrywide Hydrogen is purpose to strategically to create a hydrogen drive the transition to a ecosystem in Tasmania, low carbon future, then mainland expansion through investing in to build the value
Slide 10: Attractive ESG opportunity
Company Presentation | November 2023 Attractive ESG opportunity • Countrywide Hydrogen’s domestic distributed hydrogen supply ambition: Hydrogen Hyway#1 in Tasmania then replicate the model to suitable markets across mainland Australia and internationally • Demand from governments and corporates for
Slide 11: Domestic Hydrogen HyWay model
Company Presentation | November 2023 Domestic Hydrogen HyWay model Arterial traffic corridor with supporting infrastructure for hydrogen fuelled vehicles 24/7 refuelling: Refuelling brand H2Co Energy launched with distributed refuelling to be strategically sited with green hydrogen production to cou
Slide 12: About Countrywide Hydrogen
Company Presentation | November 2023 About Countrywide Hydrogen • A green hydrogen project originator/developer • Projects to add value to communities and economies by reducing emissions • Strong renewable energy experience • Focus on offtakes in road transport, materials handling, natural gas decar
Slide 13: Investment case for green hydrogen
Company Presentation | November 2023 Investment case for green hydrogen • Why invest? Why now?: Green hydrogen (exclusively using renewable electricity to generate hydrogen) is enjoying unprecedented political, investment and business momentum globally • Hydrogen can help tackle various critical ene
Slide 14: RNE corporate snapshot
Company Presentation | November 2023 RNE corporate snapshot ASX code RNE Shareholder structure Shares on issue 447.5m Board & Options on issue1 124.2m management 26.5% Market capitalisation (at 2.2c per share)2 $9.8m 52-week range2 8.2c – 1.9c 447.5m Other 51.8% Shares on issue Debt Nil Steve Nossal
Slide 15: Investment overview
Company Presentation | November 2023 Investment overview Collaborators Market Strong business Numerous value advantage model inflection points • Ground floor ESG • Potential for positive • Revaluation event, opportunity to reduce earnings from first trade sale or spin-off of Australian emissions gre
Slide 16: Group structure
Company Presentation | November 2023 Group structure ReNu Energy (ASX:RNE) Countrywide Incubator / Hydrogen (100%) Accelerator Hydrogen project Tasmanian projects Portfolio companies opportunities pipeline Brighton Melbourne Vaulta (15%) Launceston Portland Enosi (14%) Devonport Indonesia Allegro (4
Slide 17: Countrywide Hydrogen’s Tasmanian projects
Company Presentation | November 2023 Countrywide Hydrogen’s Tasmanian projects Artist impression Conscious Sustainable Investments 17
Slide 18: Strong positioning for hydrogen in Tasmania
Company Presentation | November 2023 Strong positioning for hydrogen in Tasmania Australia’s National Hydrogen Strategy highlights Tasmania’s unique potential in the hydrogen industry, in line with the Tasmanian Green Initiatives in Tasmania Government’s vision for the state to be a significant supp
Slide 19: Countrywide Hydrogen project roll-out
Company Presentation | November 2023 Countrywide Hydrogen project roll-out Three synergistic project parts Hydrogen Refuelling Station (HRS) To provide statewide access A. Hydrogen production to green hydrogen the & storage project is planned to span Infrastructure at strategically positioned three
Slide 20: Strategy
Company Presentation | November 2023 Strategy • Aim: Develop strategically located, commercial scale green Planned site rollout: hydrogen production sites for a Hydrogen HyWay Each site installation of an (initial) 5MW electrolyser & HRS • Whole of Tasmania focus: Refuelling network designed to prov
Slide 21: Potential project benefits
Company Presentation | November 2023 Potential project benefits Targeted project benefits to Tasmania Other project aims: include: • Delivering on the vision of the State • Green hydrogen production at scale Government’s Tasmanian Renewable Hydrogen Action Plan • Natural gas decarbonisation • Respon
Slide 22: Project requirements and additional opportunities
Company Presentation | November 2023 Project requirements and additional opportunities Grant and Financial close co-investment Approvals, community GHPRS, ARENA, consultation complete, Commercial HESTA, international water, network operations partners connection 1st production & green hydrogen sales
Slide 23: HESTA platform agreement and ARENA
Company Presentation | November 2023 HESTA platform agreement and ARENA • Provides a framework to negotiate with HESTA to develop and finance selected projects together • Agreed commercial principles for joint investment, including: o Sale of selected projects by ReNu Energy to a joint venture asset
Slide 24: Key team members
Company Presentation | November 2023 Key team members Geoffrey Drucker Greg Watson Boyd White Executive Director, The Hon. Peter Gutwein ReNu Energy Limited CEO & Company Executive Chairman, Non-executive Director, Secretary, ReNu Energy ReNu Energy Limited Managing Director, Countrywide Hydrogen Li
Slide 25: Hydrogen project opportunities pipeline
Company Presentation | November 2023 Hydrogen project opportunities pipeline Artist impression Conscious Sustainable Investments 25
Slide 26: Hydrogen Portland
Company Presentation | November 2023 Hydrogen Portland Targeting a 10MW electrolyser and HRS to supply hydrogen to local industrial, road transport and gas customers Quality infrastructure: Renewable energy, port, gas and electricity networks Offtake market: Opportunities in road transport for timbe
Slide 27: Melbourne Hydrogen Hub
Company Presentation | November 2023 Melbourne Hydrogen Hub Targeting a hydrogen production facility in Melbourne’s northern suburbs, which is a road transport corridor Centrally located: Target location in Melbourne’s northern suburbs to service a road transport corridor Green power: Potential for
Slide 28: South Island New Zealand
Company Presentation | November 2023 South Island New Zealand Targeting a hydrogen production facility for the road transport industry South Island coverage: Targeting production and refuelling strategically located to provide service across the island Green power: From the island’s high-capacity re
Slide 29: International market opportunities
Company Presentation | November 2023 International market opportunities 1. Indonesia 2. India Behind-the-meter power Motivation from Indian local from a proposed 3.5GW business development solar farm on the Riau associates with Federal Archipelago (25kms from Government goal to establish Singapore)
Slide 30: RNE investee portfolio
Company Presentation | November 2023 RNE investee portfolio Conscious Sustainable Investments 30
Slide 31: Portfolio overview
Company Presentation | November 2023 Portfolio overview 15% : $750,000 invested 4.75% : $525,000 invested 14% : $1.5m invested 5% : $300,000 invested • Vaulta is a battery casing • Allegro Energy is developing • Enosi is an energy software • Uniflow is commercialising a technology company water-base
Slide 32: Investee portfolio update
Company Presentation | November 2023 Investee portfolio update • Origin Energy acquired a 5% stake in Allegro in June 2023 for $4m to support the staged development of a 60MWh pilot Redox Flow Battery at an Origin facility Portfolio of • Origin Energy has the opportunity to support Allegro investmen
Slide 33: Appendix
Company Presentation | November 2023 Appendix Artist impression Conscious Sustainable Investments 33
Slide 34: Underwriting Agreement - summary
Company Presentation | November 2023 Underwriting Agreement - summary ReNu Energy entered into an Underwriting Agreement with PAC Partners Securities Pty Ltd (ABN 68 623 653 912 AFSL 335 374) on 21 November 2023 (Underwriting Agreement). Under the Underwriting Agreement, the Underwriter agrees to Ge
Slide 35: Underwriting Agreement – summary (cont.)
Company Presentation | November 2023 Underwriting Agreement – summary (cont.) iv. the Offer Documents or any aspect of the Entitlement Offer does not comply in any material respect with the Corporations Act 2001, ASX Listing Rules or other applicable law, including if any of the Offer Documents is o
Slide 36: Underwriting Agreement – summary (cont.)
Company Presentation | November 2023 Underwriting Agreement – summary (cont.) xiii. ReNu Energy or any of its subsidiaries is insolvent or there is an act or omission which may result in the ReNu Energy or any of its subsidiaries becoming insolvent; xiv. any ReNu Energy shareholder makes an applicat
Slide 37: Underwriting Agreement – summary (cont.)
Company Presentation | November 2023 Underwriting Agreement – summary (cont.) xxi. * in the reasonable opinion of the Underwriter, a new circumstance arises that would have been required to be disclosed in the Offer Documents had it arisen before the Offer Documents were lodged with ASX; xxii. *any
Slide 38: Underwriting Agreement – summary (cont.)
Company Presentation | November 2023 Underwriting Agreement – summary (cont.) xxix. *there is a suspension or material limitation in trading in securities generally or any adverse change or disruption to the existing financial markets, political or economic conditions of Australia, Japan, Hong Kong,
Slide 39: Underwriting Agreement – summary (cont.)
Company Presentation | November 2023 Underwriting Agreement – summary (cont.) For those events marked by an asterisk ('*'), the Underwriter may not exercise its rights to terminate its obligations under the Underwriting Agreement unless, in the reasonable opinion of the Underwriter, the event has, o
Slide 40: Terms and conditions of the Options
Company Presentation | November 2023 Terms and conditions of the Options Subject to and conditional upon any adjustment in accordance with these conditions, each Option entitles the Entitlement holder to subscribe for one fully paid ordinary share in ReNu Energy (Share) upon payment of the Exercise
Slide 41: Terms and conditions of the Options (cont.)
Company Presentation | November 2023 Terms and conditions of the Options (cont.) An Option holder may participate in new issues of securities to holders of Shares only if and to the extent that: Participation in new issues (a) an Option has been exercised; and (b) a Share has been issued in respect
Slide 42: Investment risks
Company Presentation | November 2023 Investment risks There are a number of factors, both specific to ReNu Energy and of a general nature, which may affect the future operating and financial performance of ReNu Energy, its projects, the industry in which it operates and the outcome of an investment
Slide 43: Investment risks (cont.)
Company Presentation | November 2023 Investment risks (cont.) Even if funds are raised to meet the immediate needs of ReNu Energy, there is no assurance that adequate or sufficient funds can be raised in the future to meet its funding requirements at or after FID, to achieve its stated business obje
Slide 44: Investment risks (cont.)
Company Presentation | November 2023 Investment risks (cont.) The deterioration of any such key relationships or a change in the circumstances or requirements of the key suppliers or partners, or market conditions generally, could therefore have significant operational and financial implications for
Slide 45: Investment risks (cont.)
Company Presentation | November 2023 Investment risks (cont.) There is a risk that ReNu Energy's Tasmanian green hydrogen projects may not proceed as planned. This could be the result of matters within or outside ReNu Energy’s control. Examples may include weather events, natural disasters, contract
Slide 46: Investment risks (cont.)
Company Presentation | November 2023 Investment risks (cont.) ReNu Energy relies heavily on the abilities of key employees and management. ReNu Energy's performance is reliant on its ability to both retain and attract skilled individuals and to appropriately incentivise them. Although ReNu Energy ex
Slide 47: Investment risks (cont.)
Company Presentation | November 2023 Investment risks (cont.) ReNu Energy is currently collaborating with strategic partners to explore hydrogen project opportunities in the United States, Indonesia, India and New Zealand. If these opportunities progress, ReNu Energy will be exposed to the Jurisdict
Slide 48: Investment risks (cont.)
Company Presentation | November 2023 Investment risks (cont.) Climate-related factors that may affect the operations and proposed activities of ReNu Energy include: • The emergence of new or expanded regulations associated with the transitioning to a lower-carbon economy and market changes related t
Slide 49: Investment risks (cont.)
Company Presentation | November 2023 Investment risks (cont.) The operating and financial performance of ReNu Energy is influenced by a variety of general economic and business conditions, including levels of consumer spending, inflation, interest rates and exchange rates, access to debt and capital
Slide 50: Investment risks (cont.)
Company Presentation | November 2023 Investment risks (cont.) Future changes in taxation law, including changes in interpretation or application of the law by the courts or taxation authorities, may affect taxation treatment of an investment in ReNu Energy's shares or the holding and Taxation dispos
Slide 51: Contacts
Company Presentation | November 2023 Artist impression Contacts: Greg Watson: greg.watson@renuenergy.com.au Geoffrey Drucker: gd@countrywidehydrogen.com e: info@renuenergy.com.au w: www.renuenergy.com.au a: Corporate House, Kings Row 1, Level 2, 52 McDougall Street, Milton QLD, 4064 Australia Consci
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