Vivopower Plc · NASDAQ:VIVO
Vivopower — VivoPower International — Investor Presentation (June 2017)
22 slides from Vivopower's investor presentation, Jun 22, 2017
Slide 1: VivoPower
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Slide 2: Disclaimer
DISCLAIMER ‘This presentation contains "forward-ooking statements" relating to VioPower Internationa PLC (*VivoPower") within the ‘mesning ofthe Private Securities Ligation Reform Act of 1995, including, but not limited to estimates relating to our future energy development and investment activities
Slide 3: VivoPower Snapshot
VIVOPOWER SNAPSHOT WHO WE ARE HOW WE EXECUTE Low risk, asset light model fo High return, capital efficient approach agement Recycle profits Recurring revenues } vivopower ‘OUR ASPIRATION Data-driven Industrial &
Slide 4: Global Footprint with Strong Equity Sponsorship
GLOBAL FOOTPRINT WITH STRONG EQUITY SPONSORSHIP Global Platform in Key Markets Brew aan Shareholder Ownership Pub shareholders 26% Board and Management 14% 4 .:: v 60% Strong FY17 Performance & Milestones * Established global platform and management team * Achieved NASDAQ listing * Delivered $189M E
Slide 5: Strong Team Track Record of Execution
STRONG TEAM TRACK RECORD OF EXECUTION Dr. Philip Comberg Kevin Chin + itneve soba management enlivertnen exparecebuldng large + Feuer scl xeestvechaiien of vnowe's eee He ‘i ‘nana intentional ited fa edieriicplebereegiil ia + Baenivagromth management experince 3:3 CEO, tape arom cna renung fond coe
Slide 6: Transformational Opportunities in Global Power Markets
TRANSFORMATIONAL OPPORTUNITIES IN GLOBAL POWER MARKETS TODAY: EXPLOSIVE DEPLOYMENT OF RENEWABLE POWER Price competitive in many markets ¥ Shift to small scale and distributed generation Buyers seek to control power supply Highly fragmented developer market offers abundant i investment opportunities
Slide 7: Value Added Approach to Market
VALUE ADDED APPROACH TO MARKET ne TRANSFER TO INVESTORS + Acqua projeetstrom developers a = Slgnteantly lower cast than buying operating assets + Solltoinvestceprortobuliing Differentiation Differentiation: + Dep elatonships fragmented global + beep eationshige an! eeabity with oper market insauiona
Slide 8: BTO Model Captures Upside with Low Capital Investment
BTO MODEL CAPTURES UPSIDE WITH LOW CAPITAL INVESTMENT DEVELOPMENT BUILD/TRANSFER OPERATE Pe UE Risk INFLECTON POINT ! Vivopower secures BTO off-take partner before committing capital, locking in profit a + High fk + No development rise + Frofitisdefined + Stable, recuring revenues Stages Local nowle
Slide 9: Case Study 1: BTO of 91MW Ground Mount Solar Assets
CASE STUDY 1: BTO OF 91MW GROUND MOUNT SOLAR ASSETS Successfully built power facilities for customers in NC TRANSACTION SUMMAR' NC31.&.NCa7 ‘New Ener Soler Fund i STO useancorp Starbucks Cxporstion Partners Summary + Invested coptal of $137 milion ‘enersted BTO Revenues of $25.4 ‘milan (£85xMOIC) +
Slide 10: Case Study 2: BTO of Rooftop Asset Portfolio
CASE STUDY 2: BTO OF ROOFTOP ASSET PORTFOLIO First agreement with strategic partner ReNu Energy to transfer SMW solar projects TRANSACTION SUMMARY 67 OPERATIONAL ROOF TOP SOLAR PROJECTS eae teed rade ‘ste ple seod)| ener Re Energy (251 RE 2 agian to transects under {Mv Industral under rine oft + age
Slide 11: Case Study 3: US Joint Development Agreement
CASE STUDY 3: US JOINT DEVELOPMENT AGREEMENT IV partnership to develop solar assets worth $38 by 2020 TRANSACTION SUMMARY STRATEGIC HIGHLIGHTS. JW Partner enovatv Solr Syst 8) Seong alignment with IV Partner with complementary capabilities Rick mitigeted investment ~low downside with unlimited upsid
Slide 12: Transformational Opportunities in Global Power Markets: Tomorrow
TRANSFORMATIONAL OPPORTUNITIES IN GLOBAL POWER MARKETS TOMORROW: MANAGING POWER WITH TECHNOLOGY AND DATA v “Distributed generation requires power management 2 Integration of battery storage and smart grid technologies Conversion of power buyers to long term customers, Data created by power generatio
Slide 13: VivoPower Positioned to Lead a New Energy World
VIVOPOWER POSITIONED TO LEAD A NEW ENERGY WORLD vanagement services in a complex and digitized DG world Corporate & industrial customers require power €C solar PYwill be cheaper than combined-cycle natural gasin much of the ‘world by 2020. Annual investment in solar PVs expected to be about amd $92b
Slide 14: A Well Defined Growth Strategy
A WELL DEFINED GROWTH STRATEGY REVENUE STACK 2016 2017 2018 2019 ERIM Recuringrevenues fom ener srvicesincluting torsae, BEER ders and eszonse management and data dven technology series Recuring+evenues from minority ownership in solar power Plants underpinned by naterm power purchase agreements (PA
Slide 15: Key Metrics Indicate Continued Growth
KEY METRICS INDICATE CONTINUED GROWTH Pipeline (MW}®) MW Converted? ‘Annualised Revenue (Sm) ‘Adjusted EBITDA? Equity in converted projects [BTO revenues from project conversion® ROE for converted projects ‘Average months invested Ovivorower 25.4 sox months 2,000 = 2,500 300-150 22-25 20-25 30-40 2.
Slide 16: Ample Qualified Pipeline...
AMPLE QUALIFIED PIPELINE... Near-term Focus on US Market ‘Vast Opportunities Remain Untapped Qualified Projects by Geography"! 2.36W) Estimated Pipeline Conversion r\\ [Esimatedpinline conversion rate requireto achieve forecast?) sw sum USA = Eurepe # LatAm © Australasia feccion oeTorAl Usa 3,796 78
Slide 17: ...That Underpins a Strong Growth Outlook
«» THAT UNDERPINS A STRONG GROWTH OUTLOOK ‘djsted EBITDA CAGR: 1817% 2225 189 oa 2o18A, 20178, paige 20168 20178 2018
Slide 18: Strong Diversified Revenue Profile
STRONG DIVERSIFIED REVENUE PROFILE 5 coe 3040 TO salesrevenueierecognised on a percentage com FRS 15 andrelates to the completcn of 2 projects in North Cealina, USA, USS ml Build & Transfer Revenue tion bassin line with ‘On & Operate 04 03 Energy Services and Aevitae 58 286 revenuesinclude the ergy
Slide 19: Strong Operating Performance
STRONG OPERATING PERFORMANCE : Soe =) aah IN} The Cost of Sales” is predominantly Aevites. Margins Gross profit 3 305 ‘uc f)_AdstedEITOAIs a nonsFRS measure. See se 29 fore dscsson of adustedeBTDA and 2 ‘Administrative expensed (ea) a) ‘mona themon coyprieene ‘Adjusted eBITOAS 189 190 225 Ovivorower
Slide 20: Reconciliation of Earnings Metrics to IFRS Financial Measures
RECONCILIATION OF EARNINGS METRICS TO IFRS FINANCIAL MEASURES iNetincoms 56 Addback: Taxation 53 (One-off extra-crdinary casts 09 ‘Transostcn coats @ 38 Interestinccmne and expense 06 (nenorzation of dated intangibles recgiize ia Business combinations 06 Depreciation of property, plant & equipment o
Slide 21: Investor Value Proposition
Strong industry tallwinds, Largeglobal addre: Recurring contracted revenues Capital efficient business model Diversified revenue streams. Experienced execution team INVESTOR VALUE PROPOSITION Dedlnng costs potial upgort and 2 goundewel of bawdroom and communty support for lean power ecceleratestake-
Slide 22: VivoPower
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