Carnegie Clean Energy Ltd · ASX:CCE
Carnegie Clean Energy — Merger or Acquisition (June 2018)
29 slides from Carnegie Clean Energy's merger presentation, Jun 28, 2018
Slide 1: Creating a Regional Renewables, Storage & Microgrid Leader
For personal use only + CREATING A REGIONAL RENEWABLES, STORAGE & MICROGRID LEADER RENEWABLE ENERGY | BATTERY STORAGE | HYBRID POWER SYSTEMS
Slide 2: MPower to Acquire Energy Made Clean
For personal use only 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 28 JUNE 2018 2
Slide 3: Transaction Highlights
For personal use only 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 largest specialist generation reaching a tipping energy developments and microg
Slide 4: One brand: Increased scale
For personal use only One brand: Increased scale 130+ talented people National and regional coverage 12,000+ shareholders Diversified income streams Strong balance sheet Track record of delivering TAG PACIFIC LIMITED 4 CARNEGIE CLEAN ENERGY LIMITED
Slide 5: Garden Island Solar + Battery Storage Microgrid
For personal use only GARDEN ISLAND SOLAR + BATTERY STORAGE MICROGRID TAG PACIFIC LIMITED 5 CARNEGIE CLEAN ENERGY LIMITED
Slide 6: Key Transaction Terms
For personal use only 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 •
Slide 7: Diversified Income Streams
For personal use only DIVERSIFIED INCOME STREAMS RENEWABLE ENERGY | BATTERY STORAGE | HYBRID SYSTEMS POWER SYSTEM POWER SYSTEM POWER SYSTEM POWER SYSTEM DEVELOPMENT OWNERSHIP OF ENGINEERING, AND FINANCING MONITORING, MICROGRID + PROCUREMENT + PRODUCT OF BUILD OWN OPERATE (BOO) + CONTRUCTION + DISTRI
Slide 8: Weipa Solar Farm
For personal use only WEIPA SOLAR FARM TAG PACIFIC LIMITED 8 CARNEGIE CLEAN ENERGY LIMITED
Slide 9: Financial Overview
For personal use only FINANCIAL OVERVIEW COMBINED COMBINED $7M+ PROSPECTS AVAILABLE PRO FORMA $500M+ FY2018 DIVIDEND FRANKING REVENUE OF CREDITS $50M+ ~$20M COMBINED $25M+ FY2019 AVAILABLE HISTORICAL COMMITTED REVENUE TAX ORDER BOOK LOSSES TAG PACIFIC LIMITED 9 CARNEGIE CLEAN ENERGY LIMITED
Slide 10: People
For personal use only PEOPLE EXPERIENCED BOARD OF DIRECTORS A combined MPower will be led by a diverse and experienced board and will employ over 130 talented people across Australia and New Zealand with deep expertise in the development, construction and operation of integrated microgrids, energy 1
Slide 11: Track Record of Delivering Across the Region
For personal use only 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 11 CARNEG
Slide 12: Synergy Battery Energy Storage System
For personal use only SYNERGY BATTERY ENERGY STORAGE SYSTEM TAG PACIFIC LIMITED 12 CARNEGIE CLEAN ENERGY LIMITED
Slide 13: Indicative Transaction Timeline
For personal use only INDICATIVE TRANSACTION TIMELINE JUNE 2018 Binding Implementation Deed executed Transaction documentation dispatched to TAG and CCE THE TRANSACTION IS JULY 2018 SUBJECT TO SUBJECT shareholders TO USUAL CONDITIONS PRECEDENT, INCLUDING AUGUST 2018 TAG and CCE shareholder meetings
Slide 14: Proposed MPower Structure
For personal use only PROPOSED MPOWER STRUCTURE CCE TAG shareholders shareholders 32% 68% MPower (ASX listed) Currently Tag Pacific Limited (ASX: TAG) SERVICE & OWNERSHIP OF POWER EPC PROJECTS BOO DEVELOPMENT PRODUCT DISTRIBUTION MAINTENANCE GENERATING ASSETS + + PROPOSED A combined MPower would ope
Slide 15: Solar for Samoa Project
For personal use only SOLAR FOR SAMOA PROJECT TAG PACIFIC LIMITED 15 CARNEGIE CLEAN ENERGY LIMITED
Slide 16: Combined MPower Overview
For personal use only COMBINED MPOWER OVERVIEW A combined MPower would be the leading specialist provider of engineering, construction and project development in the hybrid renewables, energy storage and microgrid market in Australia and the region • Combined entity would have active projects across
Slide 17: Market Opportunity
For personal use only MARKET OPPORTUNITY “Australia has been forecast to represent in excess of $1.6 billion over the decade from 2016 to 2026” Energeia (2016) “Global deployment in microgrids had generated an estimated US$4.3bn per annum in 2013, expected to grow to US$40bn per annum by 2020” Navig
Slide 18: National Reach to Service a National Market
For personal use only NATIONAL REACH TO SERVICE A NATIONAL MARKET …active projects from day one across Australia and the Pacific… Grid Level • Utility Scale Renewables Grid Edge • Fringe of Grid Off-Grid • Stand-Alone Power Systems Perth base Sydney HQ and facilities TAG PACIFIC LIMITED 18 CARNEGIE
Slide 19: Appendix: MPower and Energy Made Clean at a Glance
For personal use only APPENDIX MPOWER – AT A GLANCE ENERGY MADE CLEAN – AT A GLANCE TAG PACIFIC LIMITED 19 CARNEGIE CLEAN ENERGY LIMITED
Slide 20: MPower – At a Glance
For personal use only MPOWER – AT A GLANCE MPower is a leading provider of distributed power products and solutions, with particular expertise in renewable energy, hybrid systems and energy storage • Concept to delivery: design, engineer, install and maintain • Supply of products and solutions acros
Slide 21: Cook Islands Energy Storage
For personal use only 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 Larger than any grid-connect energy
Slide 22: Solar for Samoa Project
For personal use only 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 l
Slide 23: Illawarra, NSW Project
For personal use only ILLAWARRA, NSW PROJECT DESCRIPTION Design, build and integrate a battery storage network augmentation system for a new residential estate LOCATION Illawarra region, NSW CLIENT Endeavour Energy DATE Awarded October 2017 FEATURES The main objective is to augment the grid in times
Slide 24: Energy Made Clean – At a Glance
For personal use only ENERGY MADE CLEAN – AT A GLANCE Energy Made Clean is a leading solar and battery microgrid developer providing off-grid power and fringe of grid utility scale solutions • Integrated microgrid solutions provider from design, construct, operate and maintain • Build, Own and Opera
Slide 25: Garden Island Microgrid
For personal use only 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
Slide 26: Delamere Microgrid
For personal use only DELAMERE MICROGRID DESCRIPTION Design and build solar/battery/diesel microgrid LOCATION Delamere, 400 km South of Darwin, Northern Territory CLIENT Lendlease Buildings managing contractor for Department of Defence DATE Commissioning 2018 FEATURES 0.4 MW / 0.4 MWh BESS 0.36 MW S
Slide 27: Northam Solar Farm
For personal use only 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 ele
Slide 28: Energy Made Clean
For personal use only ENERGY MADE CLEAN 28
Slide 29: Contact and Important Notice
For personal use only 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 CARNEGIE CLEAN ENERGY LIMITED Phone +61 8 6168 8400 21 Barker Street CARNEGIECE.COM enquiries@carnegiece.com Belmont WA 6104
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