Slide 1: Powering Pakistan
Minesite Presentation 19th March 2015 Integrated Coal Mine and Power Plant Block VI, Thar Coalfield, Sindh Powering Pakistan March 2018
Slide 2: Disclaimer
DISCLAIMER The information contained in this confidential document (“Presentation”) has been prepared by Oracle Power plc (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. This Presentation has not been approved by an authorised pers
Slide 3: Summary
SUMMARY Asset Overview: • 100% ownership of 66.1 km2 Block VI in Thar Desert, Sindh Province, Pakistan • MOU signed for 2-phase Coal to Power Project with a Gross Cost of US$1.7bn 1. • Phase 1: 4 million tonnes mine, feeding a 700MW power plant. • Phase 2: Additional 4 million tonnes mine, feeding a
Slide 4: Board of Directors & Senior Managers
BOARD OF DIRECTORS & SENIOR MANAGERS Mark Steed – Non–Executive Chairman Andreas Migge – Non-Executive Director Fellow of ICAEW and CISI & CIM; 35 Andreas Investment banking background; years experience in Securities industry. Migge substantial international transaction experience Shahrukh Khan – CE
Slide 5: Key Data
KEY DATA Ticker LON : ORCP Share price (in pence) Share price (on 13/3/2018) 1.52p 3.5 Market Cap £16.1M 3 52 weeks trading AIM: 1.375p - 3.05p 2.5 Nomad Grant Thornton UK LLP 2 Brokers Brandon Hill Capital 1.5 Peterhouse Corporate 1 Key Shareholders Percentage Holding % Power Equity Investments Ltd
Slide 6: Project: Thar Block VI
PROJECT : THAR BLOCK VI Phase I Funding * Block VI, located in the Sindh Province, 380km east of Karachi, covers an area 66.1 km² in Thar Desert, with an US$ million Mine Power Total estimated total resource of 1.4bn tonnes. A JORC resource Plant of 529Mt in Phase 1&2 of the mining area confirmed by
Slide 7: China-Pakistan Economic Corridor (CPEC)
China-Pakistan Economic Corridor (CPEC) ▪ The CPEC was formed to improve economic ties between China and Pakistan, with particular focus on infrastructure and energy projects. ▪ Total financing now expected to be US$62bn, of which US$34bn has been earmarked for energy projects. ▪ Oracle’s Block VI w
Slide 8: MOU Overview – Signed November 2017
MOU OVERVIEW – Signed 21 November 2017 Background • AIM listed since 2011; • State-owned investment • Chinese state-owned • Exploration drilling & company in a range of sectors enterprise with revenues Feasibility Study to bankable including energy resources, £36.8bn, net assets £62.2bn & level carr
Slide 9: Key Milestones
KEY MILESTONES Concluded To Financial Close To Commercial Production ✓ Coal price Expected Q2 2018: ➢ Execution of Definitive Agreements with Chinese ✓ Submission of proposal for Letter of Intent ➢ Application for Upfront Electricity Tariff and ➢ Three year construction period for Generation licence
Slide 10: Demand for Coal & Project Incentives
Demand for Coal & Project Incentives ➢ Pakistan continues to suffer from major electricity shortages, often with blackouts and brownouts between 12 and 16 hours a day. The current average shortage is estimated at circa 5,000MW *. ➢ 175 billion tonnes of coal discovered in Thar can be developed at lo
Slide 11: Project Plan: Mine & Power Plant
PROJECT PLAN: MINE & POWER PLANT Item Description Completed Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 2019 2020 2021 2022 2023 2024 Mine Development Mining Lease Feasibility Studies Dargo Implementation Plan ESIA to Pakistan Standard NOC Certificate ESIA to International Standards Resettlement Action
Slide 12: Corporate Social Responsibility (CSR)
CORPORATE SOCIAL RESPONSIBILITY (CSR) ▪ Successful Public Hearings held for Mine and Power Plant ▪ Water filter systems in all communities ▪ Livestock health and productivity improvement campaign ▪ Healthcare awareness campaign ▪ Improvement of existing Government primary schools 11
Slide 13: Appendices
Oracle Power PLC APPENDICES 12
Slide 14: Project Development Process
PROJECT DEVELOPMENT PROCESS Coal Project Oracle Power PLC Power Project Sindh Carbon Energy Limited Thar Electricity (Private) Ltd (SCEL) (TEPL) Coal Supply Agreement Implementation Agreement Mining Lease & Government Guarantee (Government of Sindh) (Government of Pakistan) Environmental Power Purch
Slide 15: International Consultants
INTERNATIONAL CONSULTANTS Dargo Associates (UK) Overall Work Programme Management Wardell Armstrong International Environment & Social Impact Assessment (ESIA) (UK) RPS Aqua Terra (Australia/UK) Hydrogeology SRK Consulting (UK) Definitive Mine Feasibility Study to Bankable Standard Mott MacDonald (P
Slide 16: Development 2007 - 2017
DEVELOPMENT 2007 - 2017 Formation of mining subsidiary in Pakistan, Sindh Carbon Energy Ltd Exploration drilling and Feasibility Study to bankable level overseen by leading international consultants SRK Admission to AIM Secured mining lease (for 30 years, extendable for a further 30 years); Completi