Tilt Renewables — Shareholder Meeting (August 2018)
23 slides from Tilt Renewables's shareholder meeting presentation, August 2018
Slide 1: Tilt Renewables Annual Meeting Chair Presentation
Tilt Renewables Annual Meeting Chair Presentation August 2018
Slide 2: Our Board
Our Board Bruce Harker Paul Newfield MA Fiona Oliver Phillip Strachan PhD (Elec,Eng),BE (Hons), Dist FIPENZ (Hons), MPhil LLB, BA BCom, FCPA, Member AICD Chair Director Director Director Chair, Remuneration Committee and Member, Chair, Audit and Risk Committee, Member, Member, Audit and Risk Committ
Slide 3: Our Board
Our Board Geoffrey Swier Anne Urlwin Vimal Vallabh MCom (Econ) BCom, FCA, ACIS, CFInstD BCom, LLB, CFA IMC Director Director Director Member, Audit and Risk Committee Member, Member, Remuneration Committee, Member, Vimal has been involved in the development and Health, Safety, Environment and Commun
Slide 4: Our Strategy
Our Strategy “Our strategy is to have a range of late-stage and shovel ready project options, ready to respond to market opportunities across Australia and New Zealand” The projects we take through to shovel ready status are top ranking in respect to costs and yield We are increasingly confident
Slide 5: Our Capability
Our Capability We have skills to identify and secure top quality executable sites o We have a footprint over some of the best sites in Australia and NZ We have a track record of being successful o in permitting, planning and working with parties for competitive costs, optimised project execution
Slide 6: Our Markets
Our Markets Australia’s decarbonisation We believe Australia needs its electricity sector to do some of the heavy lifting to meeting its Paris commitments – lower cost carbon abatements are available in electricity compared to other sectors. The existing Renewable Energy Target Scheme will be me
Slide 7: Aligning Management And Board With Shareholders
Aligning Management And Board With Shareholders Director ‘Skin in the Management Game’ Remuneration Mandatory, monthly on market share purchases We have introduced equity accumulation targets for required of all directors senior executives LTI scheme with equally weighted performance tests on
Slide 8: Governance
Governance At Tilt Renewables we have moved to seven directors to achieve a majority of independent directors with an Independent Directors Committee for oversight and for delegated authority when appropriate. We have the strong Australian experience we need Tilt Renewables is operationally base
Slide 9: Balance Sheet
Balance Sheet Following debt funded investment in the SCWF (approx $100m) the Tilt Renewables balance sheet has been fully put to work With SCWF now fully commissioned operating cashflows after debt service, and with current dividend policy settings, will slowly restore some balance sheet flexib
Slide 10: CEO Presentation
tir CEO Presentation
Slide 11: Our Executive Team
Our Executive Team Deion Campbell Steve Symons Clayton Delmarter Nigel Baker ME (Elect) BE (Elect, Hons), FEngNZ, CMInstD BBus (Acc), CA BSc(Tech), GDipBus(Fin) BE (Mech, Hons), GDip(Project Management) Chief Executive CFO and Company GM, Renewable GM, Generation & Deion’s extensive hydro and wind p
Slide 12: Who Are We? - Overview of Tilt Renewables
Who Are We? - Overview of Tilt Renewables 19+ years experience developing, owning and operating renewable generation assets across Australasia Wholly owned generation Development options capacity (Potential MW) Operational Assets under Wind Solar Storage Assets construction 636MW 0MW 3,500MW+ AU NZ
Slide 13: Geographic Diversity of Tilt Renewables' Assets and Options
Geographic Diversity of Tilt Renewables’ Assets and Options 13
Slide 14: Highlights of FY2018 - Balanced Scorecard
Highlights of FY2018 - Balanced Scorecard Performance area Measure Units FY18 FY17 Δ% per 1M Health & Safety TRIFR 1 work hours 14.2 0 Negative Production Energy GWh 1,796 2,049 (12%) Group revenue A$M 158.0 174.5 (9%) $ Financials EBITDAF 2 A$M 103.8 124.0 (16%) NPAT A$M (2.8) 16.4 (117%) Growth De
Slide 15: Highlights of FY2018 - Salt Creek Wind Farm
Highlights of FY2018 - Salt Creek Wind Farm Key Project Stats Salt Creek Wind Farm Installed Capacity 15 Vestas V126 – 3.6 MW wind turbines = 54MW 126m rotor diameter & 150m tip height provides Transmission 50km at 66kV production even in low wind Cost A$105m Delivery completed on time and under
Slide 16: Operating Update – Four Months to 31 July 2018
Operating Update – Four Months to 31 July 2018 Operating performance Energy Production Q1 FY17 and Q1 FY18 Comparison GWh FY19 FY18 12 month rolling Total Recordable Injury Frequency Apr-Jul 2018 Apr-Jul 2017 Rate (TRIFR) at 18.7ipm with three Lost Time Australia 449 346 +30% Injuries recorded.
Slide 17: Future Focus – The Australian Picture has Changed
Future Focus – The Australian Picture has Changed Estimated annual LRET demand and supply outlook 2017 Estimated annual LRET demand and supply outlook 2018 Source: Green Energy Markets 17
Slide 18: Future Focus - Dundonnell Wind Farm
Future Focus - Dundonnell Wind Farm Key project stats Dundonnell Wind Farm Turbines 80 wind turbines of up to 4.2MW Project scale is significant Installed Capacity 336 MW 336MW build = 50% increase in operational portfolio Annual production ~1,200 GWh lifetime average AUD 600M investment Constru
Slide 19: Delivering value from the pipeline
Delivering value from the pipeline Overview of key development projects Projects with Environmental Consents Technology Location Potential MW Dundonnell Wind AU‐VIC 336 Its not just about Dundonnell 3 x Queensland solar projects Solar AU‐QLD 420 Rye Park Wind AU‐NSW 300 Strongest and most diverse
Slide 20: Focus Areas for Growth Over Next 12 Months
Focus Areas for Growth Over Next 12 Months Dundonnell FID & Delivery Opportunity to grow operational portfolio by 50+% Investment decision will be a key milestone for the company Trading of merchant energy and LGCs Project execution capability has been deepened to ensure a successful result
Slide 21: Thank You
THANK YOU 021
Slide 22: Resolution 5 - Director Fees
Resolution 5 - Director Fees Proposed new Increase Percentage remuneration Increase FY19 FY18 Anne Urlwin was appointed in June 2018. With this Base Fees appointment we add strong governance experience and Chairman $190,000 $190,000 $0 0% Directors $85,000 $90,000 $5,000 5.9% also moved to a major
Slide 23: Disclaimer
Disclaimer This presentation is issued by Tilt Renewables Limited. While all reasonable care has been taken in the preparation of this presentation, Tilt Renewables Limited and its related entities, directors, officers and employees (collectively “Tilt Renewables”) do not accept, and expressly discl