Etrion Corp. · OTC:ETRXF
Etrion — Shareholder Meeting (November 2010)
14 slides from Etrion's shareholder meeting presentation, Nov 4, 2010
Slide 1: Distribution of Lundin Petroleum's Shares in Etrion Corporation
1 Lundin Petroleum EGM Distribution of Lundin Petroleum’s Shares in Etrion Corporation EGM, Stockholm WF11121 p1 10.10 4 November 2010
Slide 2: Etrion Corporation
2 Etrion Corporation Develops, builds, owns and operates solar Montalto - Lazio, Italy power plants in Italy Listed on Toronto Stock Exchange (ticker “ETX”), to be dual-listed on NASDAQ OMX Stockholm Market capitalisation of CAD 160 million / SEK 1.05 billion as of 1 November 2010 Helios ITA - Pugli
Slide 3: Renewables Energy Market
3 Renewables Energy Market SVE - Puglia, Italy Market drivers for renewable energy Increasing global demand for energy Favourable regulatory trends for renewable energy Improving technologies and decreasing costs Solar energy market Potential for solar energy greater than other renewables energy for
Slide 4: Etrion Investment Highlights
4 Etrion Investment Highlights Portfolio of solar power projects strategically positioned for growth 40 megawatts (MW) of operational solar power plants 8 MW of solar parks under construction 200 MW of solar development pipeline in Italy Milan Experienced management team with proven Italy track reco
Slide 5: Etrion Management and Board
5 Etrion Management and Board Management Marco A. Northland, CEO and Director: co-founder of Etrion and previously head of European operations for SunPower Garrett Soden, CFO Michael Sommer, VP Business Development Fernando Alvarez, VP Engineering and Construction Management team has brought to comm
Slide 6: Distribution
6 Distribution to Lundin Petroleum Shareholders Lundin Petroleum Shareholders 100% Distribution Lundin Petroleum of Shareholders Etrion Shares 100% 40% 40% Etrion shares listed on Toronto Stock Exchange and to be listed on NASDAQ OMX Stockholm WF11121 p6 10.10
Slide 7: Distribution Rationale
7 Distribution Rationale Natural step for Etrion to be separated from Lundin Petroleum now that the company has reached critical mass through a proactive acquisition and development strategy Solid position as a pure-play solar independent power producer (IPP) Positive cash flow forecasted for 2011 N
Slide 8: Distribution Mechanism
8 Distribution Mechanism Exchange Ratio 1 : 0.2283 Example On or around 12 November NASDAQ OMX Stockholm 228 Etrion shares listing date 1,000 Lundin Petroleum shares Cash value of On or around 19 November 0.3 Etrion shares Shareholders of Lundin Petroleum at the Record Date will continue to hold the
Slide 9: Value of Distribution to LUPE shareholders
9 Value of Distribution to Lundin Petroleum Shareholders Value of Distribution to LUPE shareholders SEK/share 2.25 2.00 1.75 1.50 1.25 1.00 0.75 0.50 0.25 0.00 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 Etrion share price on Toronto Stock Exchange (CAD) Assumes SEK:CAD 6.5 WF11121 p9 10.10
Slide 10: Swedish Considerations
10 Swedish Considerations Dual listing on NASDAQ OMX Stockholm of Etrion shares Tax efficient distribution of Etrion shares to Lundin Petroleum shareholders through application of Lex Asea rules Etrion listing prospectus will be available through Lundin Petroleum website www.lundin-petroleum.com Lun
Slide 11: Lex Asea
11 Lex Asea Distribution structured so “Lex Asea” rules applicable Dividend is not taxable upon receipt Cost base of investment in Lundin Petroleum shares allocated between Lundin Petroleum shares and Etrion shares Application will be made to Swedish Tax Agency to confirm allocation WF11121 p11 10.1
Slide 12: Expected Timetable
12 Expected Timetable 5th October Announcement 18th October EGM notice 4th November Lundin Petroleum EGM 10th November Record date for Lundin Petroleum distribution of Etrion shares 12th November Etrion dual listing on NASDAQ OMX Stockholm. Date for distribution of Etrion shares to Lundin Petroleum
Slide 13: Distribution
13 Distribution Carnegie will maintain a telephone line to answer questions regarding dividend of Etrion shares: + 46 8 58 86 94 89 WF11121 p13 10.10
Slide 14: WF11121 p14 10.10
etnon WF 11121 p1410.10