Coro Energy Plc · LSE:CORO
Coro Energy — Investor Presentation (June 2025)
13 slides from Coro Energy's investor presentation, Jun 30, 2025
Slide 1: Investor Presentation June 2025
INVESTOR PRESENTATION June 2025
Slide 2: Disclaimer
DISCLAIMER The information contained in this document (“Presentation”) has been prepared by Coro Energy plc (the “Company”). While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers giv
Slide 3: Coro Energy Snapshot
CORO ENERGY SNAPSHOT SOUTH-EAST ASIAN RENEWABLE ENERGY DEVELOPER SUMMARY CURRENT PORTFOLIO • AIM-listed renewable energy developer focussed on high-growth South East Asian markets: • Vietnam: Commercial & Industrial rooftop solar • Philippines: Utility-scale onshore solar & wind C&I RTS SOLAR UTILIT
Slide 4: Golden Era for C&I Rooftop Solar in Vietnam
GOLDEN ERA FOR C&I ROOFTOP SOLAR IN VIETNAM MASSIVE CAPACITY ADDITIONS; FRAGMENTED DEVELOPER MARKET SUMMARY FORECAST INSTALLED RTS CAPACITY (GW) • Vietnam has experienced a solar boom since 2019 26.3 • Huge demand from Commercial and Industrial (C&I) users for distributed rooftop solar (RTS) systems
Slide 5: Vietnam C&I Rooftop Solar Market Value Drivers
VIETNAM C&I ROOFTOP SOLAR MARKET VALUE DRIVERS HUGE DEMAND FROM COMMERCIAL & INDUSTRIAL USERS Excellent photovoltaic credentials Reliable, high performance (particularly in central/southern areas around HCMC) (PV yield avg. 1,200 -1,500KWh/KWp 2007-18) Scope 3 reporting pressure Powerful C&I demand
Slide 6: Attractive Pricing & Growth Prospects
ATTRACTIVE PRICING & GROWTH PROSPECTS PRICING LINKED TO GRID TARIFFS SUMMARY AVERAGE ELECTRICITY RETAIL TARIFFS (VND/kWh) • Coro’s PPA contracts are priced at a fixed discount to EVN1 grid retail tariffs but with a floor price • 3.5% CAGR in average retail tariff since 2012 • 4.8% increase in May-25
Slide 7: Vietnam C&I RTS Forward Plan
VIETNAM C&I RTS FORWARD PLAN TARGET 50MW OPERATING ASSETS BY DEC-27 SUMMARY C&I RTS PORTFOLIO – FORWARD PLAN • 6.4MW operating assets today generate c.US$720k • Double installed capacity in next six months 50.0MW run-rate cash flow p.a. • 7.8x installed capacity by Dec-27 • Target to build 50MW oper
Slide 8: Phong Phu Corporation
PHONG PHU CORPORATION 3.0MW OPERATIONAL INDUSTRIAL PROJECT SUMMARY LOCATION & SITE PHOTO • 3.0MW pilot project with Phong Phu Corporation COD in Dec-21 • Factory located in the south of Vietnam outside HCMC • c.4.5k solar panels constructed across four factory roofs (16,120m2) • Energy consumed on-s
Slide 9: Mobile World Group
MOBILE WORLD GROUP 3.4MW OPERATIONAL COMMERCIAL SITES TO DATE SUMMARY LOCATION & SITE PHOTOS • Today Coro has 3.4MW of operational sites with MWG generating US$470k run-rate net cash flow p.a. • MWG project is developed in tranches in southern areas around HCMC • Tranche 1 – 396KW • Tranche 2 – 825K
Slide 10: Mobile World Group: BESS Pilot
MOBILE WORLD GROUP BESS PILOT SUMMARY INSTALLED PV / BESS CAPACITY (END 2024) • Coro expects to sign a contract with MWG for four PV BESS pilot sites in HCMC (c.0.26MW) for battery energy 18.7GW storage systems (BESS) co-located alongside the solar 17.6GW installation • These four sites will follow
Slide 11: Philippines Solar
PHILIPPINES SOLAR UTILITY-SCALE PROJECTS 80MW SOLAR • Standalone solar project on island of Cebu • Sought after location with high irradiation levels • Grid connection at Samboan substation (15km) • Sufficient land has been secured with a two-year lease • Pre-feasibility study complete with strong p
Slide 12: Philippines Wind
PHILIPPINES WIND UTILITY-SCALE PROJECTS 300MW WIND • Today Coro has 3 x 100MW early-stage Wind projects in the Central Visayas Region of the Philippines on the Island of Cebu • Wind Energy Service Contracts have been awarded for two (2 x 100MW) of these sites, with the third (1 x 100MW) contract sub
Slide 13: Duyung PSC
DUYUNG PSC SALE OF ENTIRE 15% PARTICIPATING INTEREST TO CONRAD ASIA • On 10 April 2025 Coro announced the disposal of its 15% participating interest in the Duyung PSC to West Natuna Exploration Ltd (WNEL), a subsidiary of Conrad Asia Energy Ltd (the Operator of the asset) • The terms of the agreemen