Energy World Corporation Ltd · ASX:EWC
Energy World — CLSA Investors' Forum 2011
28 slides from Energy World's conference presentation, Sep 22, 2011
Slide 1: Presentation to CLSA Investors' Forum (ASX cover letter)
ENERGY WORLD CORPORATION LTD. 9A Seaforth Crescent Tel: (61 2) 9247 6888 Seaforth, NSW, 2092 Fax: (61 2) 9247 6100 21 September 2011 The Listing Manager The Listing Manager Company Announcement Platform Market Information Services Section ASX Limited New Zealand Stock Exchange Total no. of page(s):
Slide 2: Delivering Clean Energy to Asia
For personal use only DELIVERING CLEAN ENERGY TO ASIA Presentation By Energy World Corporation Limited September, 2011 ENERGY WORLD CORPORATION LTD.
Slide 3: Disclaimer
Disclaimer Strictly Confidential & Patents Pending For personal use only • These materials have been prepared by Energy World Corporation Limited (the "Company“ or “EWC”) solely for information use during this presentation. These materials may not be copied, reproduced, passed on or redistributed, d
Slide 4: Energy World's Focus is LNG to Asia
Energy World’s Focus is LNG to Asia Strictly Confidential & Patents Pending For personal use only To become a leader in modular LNG development and a significant supplier of natural gas to Asian markets Pagbilao Hub Terminal Sengkang Gas Field 315MW Power Plant 2MTPA LNG Terminal Manila Papua New Gu
Slide 5: Strong Macro Background – LNG will Fuel Asian Growth
Strong Macro Background – LNG will Fuel Asian Growth Kilowatt hour consumption per capita Strictly Confidential & Patents Pending Source data: Nation Master Energy Statistics For personal use only kWh 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 United States: 13351 Australia: 11193 New Zeala
Slide 6: Multiple Business Opportunities
Multiple Business Opportunities Strictly Confidential & Patents Pending For personal use only StrictlyConfidential Strictly Confidential&&Patents PatentsPending Pending 4 ENERGY WORLD CORPORATION LTD.
Slide 7: Strategies
For personal use only Strategies Overall Strategy: To become a leader in modular LNG development and a leading operator of an integrated clean energy supply chain delivering gas and LNG to underdeveloped and high growth markets in Asia with large populations: 1. Leveraging on our technical 2. To con
Slide 8: Investment Highlights
Investment Highlights Strictly Confidential & Patents Pending For personal use only 2. Proven track record and 1. Excellent macro dynamics experienced management team 4. Portfolio of assets including 3. Strong partners delivering gas fields, power plants, LNG technology advantages facilities and hub
Slide 9: Proven Track Record and Experienced Management
Proven Track Record and Experienced Management Strictly Confidential & Patents Pending For personal use only EWC’s Executive Directors and Senior Management have Worked Together with Success Over Many Years • EWC’s Chairman and Chief Executive, Stewart Elliott, was a co-founder of CEPA - a Hong Kong
Slide 10: Asia Pacific Natural Gas Markets
Asia Pacific Natural Gas Markets Strictly Confidential & Patents Pending • The demand from Asia Pacific for natural gas has grown 6.9% CAGR over the last decade, representing the For personal use only fastest growing region in the world. These fast growing economies in the region are looking to natu
Slide 11: Indonesian Natural Gas Market
Indonesian Natural Gas Market Strictly Confidential & Patents Pending For personal use only “PGN requests Chevron to divert gas supply to PLN to ease gas supply problems” The Jakarta Post, 4 February 2011 “PLN offers to purchase gas earmarked for Singapore at US$17 per MMBtu of LNG for Muara Tawar P
Slide 12: Development of Modular LNG
Development of Modular LNG Strictly Confidential & Patents Pending • For personal use only EWC has challenged conventional thinking and developed a low capital cost modular LNG facility in association with our technology, equipment suppliers and strategic partners, Chart and Siemens EWC developed EW
Slide 13: Teaming Up with Industry Leaders on Modular LNG
Teaming Up with Industry Leaders on Modular LNG Strictly Confidential & Patents Pending Energy World has brought together distinguished global players, such as Chart Industries and For personal use only Chemicals and Siemens to develop an efficient, electric drive, modular LNG system that can be use
Slide 14: Proven Technology
Proven Technology Strictly Confidential & Patents Pending • Liquefaction Process (Chart) For personal use only • Single mixed refrigerant (SMR) • Well proven and highly reliable • Based upon economics, maintainability, safety and other points • Electric Compressor Drives Systems (Siemens) • Electric
Slide 15: Advantages of Modular LNG Model
Advantages of Modular LNG Model Conventional EWC’s Modular LNG Train Configuration For personal use only Highly scalable mid-scale LNG facility incorporated in 0.5 Large-scale LNG facility of 4 MTPA or above MTPA LNG trains Capital cost about US$125-150 million per 0.5 MTPA Capital cost currently in
Slide 16: LNG Storage Solution
LNG Storage Solution Strictly Confidential & Patents Pending For personal use only Concrete Full Containment LNG Tanks GST® Containment Primary Barrier: • Stainless steel corrugated membrane Insulating Panel: • Plywood • Reinforced polyurethane foam • Secondary Barrier: A composite laminated materia
Slide 17: Current and Upcoming Projects
Current and Upcoming Projects Strictly Confidential & Patents Pending For personal use only 1. Indonesia Projects • Sengkang Gas Field • Sengkang Power Plant • Sengkang LNG Project 2. Philippine Projects • LNG Hub Terminal in Pagbilao 3. Australian Projects • Alice Springs Power Plant • Gilmore Gas
Slide 18: Indonesian Projects
For personal use only Indonesian Projects EWC Indonesia Projects 1. The Sengkang PSC Block is located in the province of South Sulawesi. The PSC is 100% owned and operated by EWC 2. Gas from the PSC is supplied to the Sengkang Power Station (195MW – under expansion to 315MW) IPP; The project is owne
Slide 19: Sengkang Gas Field
Sengkang Gas Field Development Strategy: For personal use only To fully develop the potential of the Sengkang PSC we have planned for three phases of expansion, drilling and exploration Phase I will fully develop the potential for the Kampung Baru Field – providing a secure supply of gas to the Seng
Slide 20: Sengkang Power Plant
For personal use only Sengkang Power Plant Overview: Commenced operations in 1997 195MW capacity is currently operational 95% ownership by EWC First independently owned gas- fired power station in Indonesia PPA with PLN until 2022 Operational Facts: High availability factors and consiste
Slide 21: Sengkang Power Plant Expansion
For personal use only Sengkang Power Plant Expansion 120MW Expansion Plan: Additional 60MW gas turbine and 60MW steam turbine are expected to become operational by March 2012 and December 2012, respectively All Indonesian Governmental approvals in place PPA Amendment signed by PLN and tariff a
Slide 22: Sengkang LNG Project
Sengkang LNG Project Project Plan: For personal use only • Building a 2 MTPA modular LNG liquefaction facility, comprising four 0.5 MTPA modular units • LNG storage facilities with an initial 88,000 cubic meter tank • Logistic hub terminal for LNG exportation • Related civil and marine infrastructur
Slide 23: Sengkang LNG Project – Construction Underway
Sengkang LNG Project – Construction Underway Project Milestones For personal use only Land has been acquired and site works have commenced in Keera, Wajo, South Land acquisition Sulawesi Overall design has been completed and POD approval Plan of Development (POD) approval Commence shipping o
Slide 24: Philippine Projects
Philippine Projects Project Plan: For personal use only • First mover to supply LNG to the Philippines market. We plan to build a LNG hub terminal in Pagbilao, Quezon, which will act as a LNG receiving terminal for onward distribution of LNG throughout the Philippines • Planned facilities include ci
Slide 25: Australian Projects
Australian Projects Alice Springs For personal use only • 8.7 MW gas fired, base load power station at Alice Springs, 100% owned by EWC • 20 year take or pay agreement with Northern Territory Power and Water Authority (commenced December 1996) • Extension and upgrade possible and being discussed • G
Slide 26: PNG Projects
For personal use only PNG Projects Papua New Guinea • Joint venture arrangement with InterOil • EWC to develop a 3-8 MTPA modular LNG facility to link with InterOil’s proposed condensate stripping plant (being built jointly with Mitsui) taking gas from InterOil’s Elk and Antelope gas fields • EWC to
Slide 27: Strong Financial Position
For personal use only Strong Financial Position • Sustainable profitability and stable revenue streams from EWC’s long term PPAs • For financial years 2010 and 2011, our net profit was US$20.4m and US$27.9, generating a positive operating cash flow of US$26.1m and US$49.1m, respectively • EWC has re
Slide 28: Appendix: Company Financials
Appendix: Company Financials Income Statement FY 2011 FY 2010 For personal use only US$ 000' US$ 000' Sales Revenue 110,319 93,461 Gross Profit 61,867 50,067 Operating Income 31,934 24,794 Net Profit 27,859 20,369 Balance Sheet FY 2011 FY 2010 Total Current Assets 207,247 129,061 Total Assets 776,04