Lvl Energy Fund Plc · CSELK:LVEF.N0000
Lvl Energy Fund — Q2 FY2019/20 Earnings Presentation
48 slides from Lvl Energy Fund's earnings presentation, Sep 30, 2019
Slide 1: LVL Energy Fund PLC
LVL ENERGY FUND PLC Investing in energy that powers nations
Slide 2: LVL Energy Fund PLC
LVL ENERGY FUND PLC Investing in energy that powers nations
Slide 3: About Us / Our Locations
About Us Our Locations LVL Energy Fund Limited was incorporated in June 2006 as a subsidiary of Lanka Ventures PLC with an initial capital of Rs. 300 Mn. The main objective of the Company was to NEPAL invest in the form of equity and quasi equity in projects in the power and energy sector in Sri Lan
Slide 4: Our Projects
Our Projects HYDRO POWER WIND POWER THERMAL POWER SOLAR POWER Run-Of-River Hydro Power Plant Wind power is the use of air flow A thermal power plant is a power Solar power generation systems collect begins at the weir which divert water through wind turbines to provide the station in which heat ener
Slide 5: Hydro Power Projects
HYDRO POWER PROJECTS LVL ENERGY FUND PLC
Slide 6: Belihul Oya
Belihul Oya Nividu (Pvt) Ltd Belihul Oya 2.2 MW 178 m Location Capacity Gross Heads 2,638 mm 21.5 km2 1.5 m3/s per year Catchment Area Design Flow Rainfall Wasserkraft, May Germany April 2002 2022 Equipment Supplier Commissioned Date Extended PPA Expiry LVL ENERGY FUND PLC
Slide 7: Belihul Oya Plant Factor
Belihul Oya Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 12,000 60% 80% 70% 53% 70% 52% 52% 51% 10,000 50% 60% 44% 8,000 40% 50% 36% 35% 38% 6,000 30% 40% 9,927 10,283 9,988 9,893 30% 4,000 8,406 20% 6,976 18% 6,695 20% 23% 2,000 10% 18% 3,552 10% - 0% 0% 2011/12 2012/13 2013/14 2014/
Slide 8: Belihul Oya Profitability
Belihul Oya Profitability Profitability (Annual) Profitability (Quarterly) 300 20 18 250 249 15 209 200 206 185 180 10 10 150 167 160 157 125 8 6 5 100 116 5 87 2 73 53 0 50 52 41 (2) 19 (3) - -5 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-S
Slide 9: Assupini Ella
Assupini Ella Nividu Assupini Ella (Pvt) Ltd Assupini Ella 4.0 MW 210 m Location Capacity Gross Heads 2,134 mm 27 km2 2.2 m3/s per year Rainfall Catchment Area Design Flow VA Tech, November Germany October 2020 2005 * Extendable for another 20 years Equipment Supplier Commissioned Date PPA Expiry LV
Slide 10: Assupini Ella Plant Factor
Assupini Ella Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 20,000 60% 70% 18,000 61% 61% 53% 50% 60% 16,000 48% 14,000 43% 50% 41% 41% 40% 40% 12,000 36% 40% 10,000 30% 18,452 16,657 30% 8,000 14,918 14,415 14,249 14,009 20% 6,000 12,467 20% 4,000 13% 10% 16% 10% 2,000 4,622 10% - 0%
Slide 11: Assupini Ella Profitability
Assupini Ella Profitability Profitability (Annual) Profitability (Quarterly) 300 100 250 260 80 83 258 200 224 73 60 193 60 184 150 168 179 150 144 40 47 46 129 126 100 109 87 98 27 74 20 23 50 10 11 0 0 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1- June
Slide 12: Kadawala
Kadawala Unit Energy Lanka (Pvt) Ltd Ginigathhena 6 MW 132 m Location Capacity Gross Heads 4,406 mm 26 km2 5.2 m3/s per year Rainfall Catchment Area Design Flow Voith Siemens, March February Germany 2008 2023 Equipment Supplier Commissioned Date PPA Expiry * Extendable for another 20 years LVL ENERG
Slide 13: Kadawala Plant Factor
Kadawala Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 18,000 35% 35% 33% 16,000 30% 30% 30% 27% 14,000 27% 27% 25% 25% 12,000 24% 22% 10,000 20% 20% 19% 8,000 16% 15,925 15% 15% 14,015 14,306 6,000 12,713 11,635 10,107 10% 10% 11% 4,000 8,284 7% 5% 5% 2,000 3,701 3% - 0% 0% 2011/12 20
Slide 14: Kadawala Profitability
Kadawala Profitability Profitability (Annual) Profitability (Quarterly) 300 80 250 70 239 69 216 60 200 203 196 50 150 167 48 40 100 97 113 105 36 37 84 95 30 78 87 50 23 46 20 22 11 16 0 10 14 (38) 5 -50 - 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Ju
Slide 15: Neluwa
Neluwa Neluwa Cascade Hydro Power (Pvt) Ltd Gin Ganga 2.2 MW 6m Location Capacity Gross Heads 3,973 mm 304 km2 40 m3/s per year Rainfall Catchment Area Design Flow Gugler Hydro January December Energy, Austria 2008 2023 Equipment Supplier Commissioned Date PPA Expiry * Extendable for another 20 year
Slide 16: Neluwa Plant Factor
Neluwa Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 7,000 40% 45% 40% 40% 39% 6,000 35% 34% 33% 31% 30% 30% 35% 5,000 30% 28% 30% 25% 25% 4,000 22% 25% 27% 20% 6,602 3,000 6,264 20% 5,687 5,878 5,874 5,338 15% 4,910 15% 2,000 4,277 16% 10% 10% 1,000 5% 5% - 0% 0% 2011/12 2012/13 2013/
Slide 17: Neluwa Profitability
Neluwa Profitability Profitability (Annual) Profitability (Quarterly) 100 35 90 93 92 30 80 29 70 70 25 26 26 69 60 64 65 67 58 20 21 50 50 17 15 16 40 42 33 13 30 10 20 20 9 16 19 16 5 10 14 0 0 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-S
Slide 18: Theberton
Theberton Sapthakanya Hydro Electric Company (Pvt) Ltd Kiriwaneliya 1.3 MW 90 m Village Location Capacity Gross Heads 4,086 mm 10 km2 1.950 m3/s per year Rainfall Catchment Area Design Flow • Fuchun Industry Development Co, China • Hongya Power September October Generating 2015 2035 Equipment Equipm
Slide 19: Theberton Plant Factor
Theberton Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 5,000 45% 60% 55% 4,500 40% 39% 50% 4,000 36% 35% 3,500 29% 30% 40% 3,000 28% 25% 32% 2,500 30% 4,398 20% 2,000 4,077 3,339 15% 20% 1,500 18% 1,000 10% 1,867 10% 500 5% 7% - 0% 0% 2015/16 * 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-M
Slide 20: Theberton Profitability
Theberton Profitability Profitability (Annual) Profitability (Quarterly) 80 30 77 70 75 28 25 60 20 58 50 15 16 16 40 10 9 30 5 7 28 2 20 25 0 20 (3) 10 13 -5 (9) 5 0 -10 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 Revenue (Mn) Profit (Mn) LVL ENERGY FUND PLC
Slide 21: Campion
Campion Campion Hydro Power (Pvt) Ltd Bogawantalawa 1.2 MW 76 m Location Capacity Gross Heads 2,384 mm 27 km2 2.1 m3/s per year Rainfall Catchment Area Design Flow Hongya Power Generating May April Equipment, 2017 2037 Equipment China Commissioned Date PPA Expiry Supplier LVL ENERGY FUND PLC
Slide 22: Campion Plant Factor
Campion Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 70% 50% 5,000 64% 45% 44% 60% 40% 4,000 50% 35% 30% 32% 3,000 40% 25% 31% 4,627 30% 20% 2,000 20% 15% 3,103 10% 1,000 10% 14% 11% 5% 0% 0% - Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 2017/18 2018/19 Generation (MWh) Plant Fact
Slide 23: Campion Profitability
Campion Profitability Profitability (Annual) Profitability (Quarterly) 90 30 80 81 29 25 70 20 60 56 15 50 14 10 13 40 5 7 30 5 20 0 16 (2) 10 -5 0 -10 (10) (11) (7) -10 -15 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 Revenue (Mn) Profit (Mn) LVL ENERGY FUND PLC
Slide 24: Bambarapana
Bambarapana Bambarapana Hydro Power (Pvt) Ltd Across Uma Oya 2.5 MW 46 m in Bambarapana Location Capacity Gross Heads 1,650-1,880 mm 180.5 km2 6.5 m3/s per year Rainfall Catchment Area Design Flow Global Hydro February January Energy, Austria 2018 2038 Equipment Supplier Commissioned Date PPA Expiry
Slide 25: Bambarapana Plant Factor & Profitability
Bambarapana Plant Factor & Profitability Plant Factor (Quarterly) Profitability (Quarterly) 70% 60 58% 55 60% 50 50% 47% 40 45 40% 30 31 32% 27% 26 30% 20 17 20% 10 11 10% 0 (3) (4) 0% -10 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 Plant Factor Re
Slide 26: Hydro Plants Generation (MWh)
Hydro Plants Generation (MWh) Project 2015/16 2016/17 2017/18 2018/19 2019 YTD Belihul Oya 9,988 3,552 6,695 9,893 3,824 Assupini Ella 16,657 4,622 14,249 14,009 7,587 Kadawala 14,015 11,635 14,306 12,713 6,173 Neluwa 5,878 4,277 4,910 5,874 3,942 Theberton 1,867 3,339 4,398 4,077 2,280 Campion - -
Slide 27: Wind Power Projects
WIND POWER PROJECTS LVL ENERGY FUND PLC
Slide 28: Pawan Danavi
Pawan Danavi Pawan Danavi (Pvt) Ltd Kalpitiya 10.2 MW 12 Turbines Location Capacity Turbines 7-7.5 m/s 65 m 58 m Average wind speed Hub Height Rotor Diameter August July 2032 Gamesa, Spain 2012 Equipment Supplier Commissioned Date PPA expiry LVL ENERGY FUND PLC
Slide 29: Pawan Danavi Plant Factor
Pawan Danavi Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 35,000 40% 60% 52% 36% 30,000 35% 50% 30% 30% 31% 30% 25,000 28% 40% 38% 26% 25% 20,000 20% 30% 15,000 31,012 25,562 25,541 26,352 15% 24,246 20% 22,544 10,000 10% 5,000 10% 10% 5% 7% - 0% 0% 2013/14 2014/15 2015/16 2016/17 201
Slide 30: Pawan Danavi Profitability
Pawan Danavi Profitability Profitability (Annual) Profitability (Quarterly) 900 300 800 291 784 250 700 689 200 222 651 654 211 600 619 596 150 500 139 100 400 416 360 50 300 341 342 341 61 40 263 0 200 (17) 100 -50 (47) 0 -100 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019
Slide 31: Nala Danavi
Nala Danavi Nala Danavi (Pvt) Ltd Kalpitiya 5.1 MW 6 Turbines Location Capacity Turbines 7-7.5 m/s 65 m 58 m Average wind speed Hub Height Rotor Diameter June May 2033 Gamesa, Spain 2013 Equipment Supplier Commissioned Date PPA expiry LVL ENERGY FUND PLC
Slide 32: Nala Danavi Plant Factor
Nala Danavi Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 16,000 40% 60% 53% 14,000 36% 35% 32% 33% 50% 31% 12,000 30% 30% 28% 41% 40% 10,000 25% 8,000 20% 30% 14,991 13,660 13,838 13,104 6,000 11,977 15% 10,457 20% 4,000 10% 10% 13% 2,000 5% 7% - 0% 0% 2013/14 2014/15 2015/16 2016/17
Slide 33: Nala Danavi Profitability
Nala Danavi Profitability Profitability (Annual) Profitability (Quarterly) 350 140 322 120 300 121 287 292 277 100 250 261 95 80 217 200 60 57 40 50 150 20 30 119 131 16 100 108 94 0 78 83 50 (13) -20 (27) 0 -40 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-S
Slide 34: Thermal Power Projects
THERMAL POWER PROJECTS LVL ENERGY FUND PLC
Slide 35: Rajshahi
Rajshahi Raj Lanka Power Company Ltd 6 Rajshahi district 52.2 MW HFO / Gas based Bangladesh Reciprocating engines Location Capacity Engines Heavy Diesel Furnace Oil Main Fuel Backup Fuel Wartsila, Finland January 2014 Equipment Supplier Commissioned Date LVL ENERGY FUND PLC
Slide 36: Rajshahi Plant Factor
Rajshahi Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 300,000 60% 70% 63% 54% 53% 60% 250,000 50% 44% 50% 46% 43% 200,000 40% 41% 36% 40% 150,000 30% 39% 30% 246,951 243,301 100,000 20% 195,309 201,466 20% 20% 162,575 50,000 10% 10% 23,193 0% - 0% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q
Slide 37: Rajshahi Profitability
Rajshahi Profitability Profitability (Annual) Profitability (Quarterly) 4000 1000 3500 800 860 3,369 3000 2,928 2,980 2500 2,655 2,720 600 641 632 577 2000 400 1500 1000 200 500 536 75 31 35 41 0 37 93 124 124 101 181 0 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2
Slide 38: Comilla
Comilla Lakdhanavi Bangla Power Ltd 6 Comilla district 52.2 MW HFO / Gas based Bangladesh Reciprocating engines Location Capacity Engines Heavy Furnace Oil Diesel Main Fuel Backup Fuel Wartsila, Finland January 2015 Equipment Supplier Commissioned Date LVL ENERGY FUND PLC
Slide 39: Comilla Plant Factor
Comilla Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 180,000 40% 60% 160,000 35% 33% 50% 49% 140,000 32% 46% 30% 28% 120,000 40% 25% 100,000 20% 20% 30% 80,000 152,489 146,466 15% 60,000 20% 12% 92,847 10% 12% 40,000 54,889 10% 20,000 5% 32,463 3% - 0% 0% 2014/15 * 2015/16 2016/17 201
Slide 40: Comilla Profitability
Comilla Profitability Profitability (Annual) Profitability (Quarterly) 3,000 800 2,500 2,600 693 659 600 2,000 2,062 1,500 400 1,440 1,217 1,000 314 200 207 500 551 120 316 101 232 268 79 60 - 23 76 0 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 Revenue (BD
Slide 41: Financial Indicators
FINANCIAL INDICATORS LVL ENERGY FUND PLC
Slide 42: Financial Indicators as at 30 September 2019
Financial Indicators (as at Financial YTD 30th September 2019) Ownership Investment(Mn) Net Assets (Mn) Revenue (Mn) Profit (Mn) % HYDRO POWER Belihul Oya SL 25% 120 220 15 (0) Assupini Ella SL 100% Owned by Nividhu 174 106 71 Kadawala SL 58% 135 259 91 42 Neluwa SL 49% 59 282 50 26 Theberton SL 85%
Slide 43: New projects and developments in the pipeline
New projects and developments in the pipeline LVL ENERGY FUND PLC
Slide 44: Pupulaketiya Hydro Power (Pvt) Ltd
Pupulaketiya Hydro Power (Pvt) Ltd • LKR 115 Mn of the IPO Proceeds was set Pupulaketiya. 293 m aside to fund for Pupulaketiya hydro 1.4 MW Ratnapura power project. Location district Capacity Gross Heads • At the time of the IPO, Pupulaketiya plant was awaiting the extension of the approval of Centr
Slide 45: Makari Gad Hydropower (Pvt) Ltd
Makari Gad Hydropower (Pvt) Ltd LKR Mn Equity (30%) Darchula 10 MW 924 m LTL Holding (Pvt) Limited 687 district, Nepal LVL Energy Fund 465 Location Capacity Gross Head Total Equity 1,152 Debt (70%) 2,700 Total Project Cost 3,852 1.35 m3/s 69.8 GWh • In January 2019 LVL Energy Fund Design Flow Energy
Slide 46: Feni Lanka Power Limited
Feni Lanka Power Limited Heavy Fuel Oil Feni, Bangladesh based power plant Project Location • Feni Lanka Power Limited (FLPL) is an investment of Lanka Energy International 114 MW capacity can be increased up to (Private) Limited (LEI), a fully owned 120 MW subsidiary of LVL Energy Fund (PLC). Capac
Slide 47: 6 New Solar Power Projects
6 New Solar Power Projects First Energy SL (Pvt) Ltd Project Partner Total Approx. capacity Rs. 1 Bn Capacity of 6MW Project cost • 3MW Plant Maho • 2MW Plant Pallekale • 1MW Plant Mathugama Location 20 years for 6 months for approval. each plant 6 months for construction. Tenure of PPA Project Impl
Slide 48: Thank You
THANK YOU