New Hope Corporation Limited · ASX:NHC
New Hope — Merger or Acquisition (December 2010)
13 slides from New Hope's merger presentation, Dec 1, 2010
Slide 1: Compelling offer for Northern Energy Corporation
For personal use only Compelling offer for Northern Energy Corporation December 2010 The Offer is scheduled to close at 7.00pm (Sydney time), on 21 December 2010, unless extended
Slide 2: Disclaimer
Disclaimer IMPORTANT: The information in this document has been provided to you for information only by New Hope Corporation Limited (“NHC”) and is subject to change without notice. Nothing For personal use only contained in this document constitutes investment, legal, tax or other advice. The infor
Slide 3: What is the Offer?
What is the Offer? By accepting New Hope’s Offer, Northern Energy Shareholders can exit the company at an attractive premium to For personal use only Northern Energy’s pre-offer trading prices without the need to contribute more equity to the company On 8 October 2010 New Hope Corporation Limited
Slide 4: Issues for NEC Shareholders to consider
Issues for NEC Shareholders to consider By accepting New Hope’s Offer, Northern Energy Shareholders will no longer be exposed to Northern Energy’s For personal use only significant development risks Northern Energy’s projects are currently unfunded with the company needing to raise $664 million wh
Slide 5: Historical Northern Energy trading activity
Historical Northern Energy trading activity Northern Energy has funding requirements of over 5 times its pre-takeover approach market capitalisation to For personal use only fund its Maryborough and Elimatta projects 22 Apr 2010 NEC announces offtake $1.70 agreement and 12.7% placement to Xinyang at
Slide 6: Maryborough Project – Key Risks
Maryborough Project – Key Risks LOCATION ISSUE COMMENTS For personal use only Port capacity and Northern Energy has not finalised any allocation at the Barney Point Coal Terminal. Northern allocation either not Energy is still negotiating commercial terms for 0.5Mtpa of allocation built or not N
Slide 7: Elimatta Project – Key Risks
Elimatta Project – Key Risks LOCATION ISSUE COMMENTS For personal use only NO port allocation WICET has yet to be built has been received Northern Energy has not yet received any port allocation for this project for this project Any port allocation will need to be secured in a highly competiti
Slide 8: Yamala Project – Key Risks
Yamala Project – Key Risks LOCATION ISSUE COMMENTS For personal use only NO port allocation WICET has yet to be built applied for or Northern Energy has not applied for or received any port allocation for this project received for this Any port allocation will need to be secured in a highly co
Slide 9: Ashford Project – Key Risks
Ashford Project – Key Risks LOCATION ISSUE COMMENTS For personal use only NO port allocation The closest coal port is Brisbane but there is no direct rail to move the coal to the Port of applied for or Brisbane received for this Northern Energy does not have any port allocation at the Port of Br
Slide 10: Independent Expert and Technical Reports
Independent Expert and Technical Reports New Hope believes that the Independent Expert Report prepared by Lonergan Edwards and Technical Report prepared by John T. For personal use only Boyd Company (‘Boyd’) are fundamentally flawed New Hope’s main criticisms of the reports are as follows: – Bot
Slide 11: Why Accept?
Why Accept? For personal use only The Offer represents an attractive premium to Northern Energy’s pre-bid trading prices You will be paid certain value for your Northern Energy Shares There are no competing proposals The price of Northern Energy Shares may fall if the Offer does not succeed
Slide 12: Contacts
Contacts For further information please contact: For personal use only MAGNUS Investor Relations + Corporate Communication John Gardner Dudley White + 61 2 8999 1001 + 61 2 8999 1002 + 61 413 355 997 + 61 413 439 883 jgardner@magnus.net.au dwhite@magnus.net.au 12
Slide 13: The Independent Energy Alternative
For personal use only “The Independent Energy Alternative” People are Important Margin Management makes us Competitive Continuous Improvement makes us Effective Growth is an Imperative