Energy World Corporation Ltd · ASX:EWC
Energy World — Investor Presentation (February 2018)
31 slides from Energy World's investor presentation, Feb 1, 2018
Slide 1: Energy World Corporation Ltd. Investor Presentation February 2018
For personal use only ENERGY WORLD CORPORATION LTD. Investor Presentation February 2018
Slide 2: Disclaimer
Disclaimer For personal use only These materials have been prepared by Energy World Group (the "Company") solely for information use during this presentation. The information contained in these materials has not been independently verified. These materials have been prepared without taking into acco
Slide 3: Our Projects
Our Projects Energy World’s focus is on LNG to Asia For personal use only Projects Existing Assets Under Development South China Korea Japan Sengkang Philippines Power Plant Pakistan LNG Hub Block 1 & Block 2 Bangladesh North Pacific Ocean India Taiwan Myanmar Hong Sengkang Laos Kong Philippines Gas
Slide 4: Electricity Consumption
Electricity Consumption Kilowatt Hour Consumption Per Capita Per Annum For personal use only USA 12986 South Korea 10496 Australia 10077 New Zealand 9026 Singapore 8844 • The world economy Japan 7819 continues to electrify; Germany 7035 nearly 67% of the Russia 6603 Hong Kong 6073 increase in demand
Slide 5: Increasing Importance of Gas and LNG
Increasing Importance of Gas and LNG • The importance of gas in the energy mix continues to grow and is expected to overtake coal to For personal use only become the 2nd most important source of energy • Renewables grow rapidly, but from a low base • Demand for gas fired power rises steadily, as doe
Slide 6: Philippines Landscape – Robust Demand for Power
For personal use only Philippines Landscape – Robust Demand for Power Luzon Power Demand Supply Outlook – 2016- 2040 The Philippines Department of Energy (“DOE”) forecasts that the Philippines will need 43,765 MW of additional power capacity by 2040, up from the existing capacity of 13,877 MW, repre
Slide 7: Philippines Landscape – Strategic Positioning for LNG Hub
For personal use only Philippines Landscape – Strategic Positioning for LNG Hub Gas Demand The Philippines currently has only one source of gas – the Malampaya gas field. This field is expected to be depleted by early/mid 2020’s, and currently provides gas to approximately 3,200 MW of power plants.
Slide 8: Teaming up with industry leaders: LNG and Power
For personal use only Teaming up with industry leaders: LNG and Power ENERGY WORLD Investor, Developer & Operator LNG process provider Electrical and rotating Cold boxes equipment Gas treatment (By TDE) Electrical BOP Liquefaction BOP Slipform Engineering – civil works, process engineering and LNG t
Slide 9: Our People
Our People Stewart Elliott, Chairman and CEO For personal use only Mr. Elliott has built over 6,500 MW of electricity generating capacity in Asia. He was previously with the Hopewell Group, where Mr. Elliott was the MD who built and listed CEPA in Hong Kong and subsequently sold 80% to Southern Elec
Slide 10: Philippines – Pagbilao LNG Hub Terminal and MW Power Plant
For personal use only Philippines – Pagbilao LNG Hub Terminal and 650 MW Power Plant 9
Slide 11: Philippines – Pagbilao LNG Hub Terminal & Gas Fired Power Station
For personal use only Philippines – Pagbilao LNG Hub Terminal & 650 MW Gas Fired Power Station Pagbilao Hub Terminal & Pagbilao Project: Power Plant Energy World is developing the first LNG Hub Terminal in the Philippines, which will act as a hub for onward distribution of LNG throughout the Phili
Slide 12: Philippines – Pagbilao LNG Hub Terminal
Philippines – Pagbilao LNG Hub Terminal • Strategically important asset for For personal use only Philippines nascent gas industry • 130,000 m3 LNG Hub Terminal is 90% completed • Deep water jetty is capable of handling all sizes of LNG vessels • Facility is capable of handling a throughput of 3 mtp
Slide 13: LNG Distribution Options – Creating a Market
LNG Distribution Options – Creating a Market • The LNG Terminal at Pagbilao will act as a Hub Terminal. For personal use only LNG can be imported to the Hub Terminal, and then distributed in smaller cargoes to users around the Philippines • There are multiple options for the distribution including p
Slide 14: Philippines – Pagbilao Combined Cycle Power Plant
For personal use only Philippines – Pagbilao 650 MW Combined Cycle Power Plant 230 KV Line • 650 MW Combined Cycle Gas Turbine Power Power Block 1 Plant construction is significantly completed Power Block 2 • Project is being developed in stages: • Block 1 - 200 MW gas turbine (85% complete) • Block
Slide 15: Philippines – Land Agreement
For personal use only Philippines – Land Agreement Land Agreement Following the National Grid Corporation of the Philippines (”NCGP’s”) announcement of the exact location of the Pagbilao Sub Station, we were able to identify the exact termination point for our right of way We entered into a binding
Slide 16: Philippines – Connection Agreement
Philippines – Connection Agreement EWC HAS A CONNECTION AGREEMENT TO: 230 KV Line For personal use only 1)CONNECT 600MW TO THE NEW PAGBILAO SUBSTATION NGCP TAYABAS 2)CONNECT 200MW AS A TIE IN TO THE TAYABAS-NAGA LINE SUB-STATION NEW PAGBILAO On 28 November NGCP granted us immediate access to SUBSTAT
Slide 17: Pagbilao Power Plant – A Pathway to Completion
Pagbilao Power Plant – A Pathway to Completion OCT 2017 For personal use only DEC-2011 •NGCP Confirms the location of the New Pagbilao Sub Station. 2011 EWC receives DOE Endorsement for LNG Power Project at Pagbilao NGCP Construction of New Pagbilao HV Substation JUN-2013 EWC receives DOE Approval t
Slide 18: Philippines – Political Support
For personal use only Philippines – Political Support (From Left to Department of Energy Site Visit of Pagbilao LNG Hub Terminal on 26 July 2017 Right) Donato Marcos Felix William Alfonso Cusi Brian Allen Matthias Weber Undersecretary Fuentebella Secretary of Executive Director Senior Sales Manager
Slide 19: Our Indonesian Projects
For personal use only Our Indonesian Projects • Sengkang Production Sharing Contract (PSC) • Sengkang Power Station • Sengkang LNG 18
Slide 20: Indonesia – Sengkang Gas Field
For personal use only Indonesia – Sengkang Gas Field Sengkang PSC The Sengkang PSC Block is located in the province of South Sulawesi. The PSC is operated by Energy Equity Epic Sengkang (“EEES”) which is 100% owned by EWC and covers 2,925 square kilometres Gas from the PSC is supplied to the 315MW S
Slide 21: Indonesia – Sengkang Power
For personal use only Indonesia – Sengkang Power • The Sengkang Power Station is 315 MW, comprising of Block 1 of 135 MW and Block 2 of 180 MW • Gas is obtained from the Sengkang Block 2 gas field • Electricity is sold under a take or pay Power Purchase Agreement (“PPA”) with PLN. This PPA has terms
Slide 22: Indonesia – Sengkang LNG
Indonesia – Sengkang LNG The Sengkang LNG Plant has a design capacity of 2 mtpa, consisting of 4 modular 500,000 tpa trains, For personal use only an import/export terminal and jetty facilities Construction is 80% complete Gas will be purchased from our Sengkang gas field, where an allocation agreem
Slide 23: Indonesia – Current Status
For personal use only Indonesia – Current Status We have been progressing a solution for our assets in Indonesia with the appropriate regulatory authorities We have been invited by DG Migas and SKK Migas to submit an extension application for the Sengkang PSC, to extend the field beyond its current
Slide 24: Indonesia – Growth Opportunities
For personal use only Indonesia – Growth Opportunities If we can secure an extension to the PSC, we have many opportunities to expand in Sengkang, given PT Lapi ITB estimates of 7- 9 TCF of gas in place 23
Slide 25: Australian Projects
For personal use only Australian Projects PL115 PL116 PL 1030- 1033 (Eromanga) PL 65 (Gilmore) PEL 96 24
Slide 26: Australia – Fields and LNG Facilities
Australia – Fields and LNG Facilities Recorde • Australian domestic gas prices have increased significantly Effectiv d Future Potential For personal use only over the past few years e Resourc (BCF) Interest e (BCF) • Our 100% owned gas fields have proven reserves I II III PL 65 100% 20 400 500 500 •
Slide 27: Financials
Financials Fixed Assets (US$000) Profits (US$000) For personal use only Funding Sources (US$000) • The company’s asset base has increased as a result of construction of the projects in the Philippines and Indonesia • Substantial funding has been obtained by deferring payments to Slipform, a related
Slide 28: Project Funding Plan Update
Project Funding Plan Update Phase I – Financing USD’m For personal use only 1.DBP/Landbank for Philippine Power Plant 150 2.LNG Hub Corporate Note Phase II 42 3.Bank Mandiri Sengkang LNG 100 292 Summary of Financing Plan Phase II – Project Expansion USD’m USD’m 1.PHASE II Philippines Power (ST) 200
Slide 29: Value Proposition
Value Proposition EWC’s 5 main projects in 3 core countries of operation are at various stages of completion, with substantive For personal use only works having been completed in the Philippines and Indonesia over the last few years, and with existing facilities currently on care and maintenance in
Slide 30: Share Information
Share Information Shares on Issue: 1.795 billion For personal use only Convertible Bonds: US$50m convertible to approx. 101m shares * Options on Issue: Nil Market Cap (@ A$0.39) A$700m Shareholders Percentage Energy World International 39.62% * Clermont Group 21.54% Capital Group 7.17% Top 20 Shareh
Slide 31: Many Thanks from Energy World
For personal use only Many Thanks from Energy World Delivering Clean and Green Energy to Asia Pacific Whatever Quantity You Require