Coro Energy Plc · LSE:CORO
Coro Energy — Investor Presentation (March 2021)
15 slides from Coro Energy's investor presentation, Mar 17, 2021
Slide 1: Coro Energy Plc Investor Presentation Q1 2021
Q1 2021 CORO ENERGY PLC INVESTOR PRESENTATION CORO ENERGY PLC INVESTOR PRESENTATION Q1 UPDATED 17 MARCH 2021
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: A South East Asian Energy Company
A SOUTH EAST ASIAN ENERGY COMPANY “Supporting the regional transition to a low carbon economy” Blended renewables Building the clean REGIONAL PORTFOLIO and gas portfolio energy portfolio underpinned by regional Recent acquisition of Global CORO ENERGY PLC INVESTOR PRESENTATION Q1 energy demand growt
Slide 4: The Team
THE TEAM James Parsons Mark Hood Michael Carrington Peter Christie Non-Executive Chairman CEO COO (Non-Board) CFO (Non-Board) Experienced AIM Chairman with Over 20 years’ experience in utility 30 years’ experience of energy 10 years’ experience in financial and over 20 years’ in the fields of CORO E
Slide 5: Why South East Asia?
WHY SOUTH EAST ASIA? Rapid GDP growth will Significant new annual investment in Coal still dominant and increase energy demand renewables is forecast to 2040 to meet renewables penetration low growing demand CORO ENERGY PLC INVESTOR PRESENTATION Q1 PROJECTED ASEAN GDP GROWTH, ELECTRICITY RENEWABLES
Slide 6: Duyung PSC: Cornerstone Gas Asset
DUYUNG PSC: CORNERSTONE GAS ASSET A S S E T OV E RV I E W T E N G I R I -1 Located in the prolific West Natuna basin Shallow, Intra-Muda sandstone reservoir CORO ENERGY PLC INVESTOR PRESENTATION Q1 Acquired 15% in 2019; two successful appraisal TA M B A K-1 wells 2019; NAV doubled Dry gas, no H2S, m
Slide 7: Releasing Value from Duyung PSC: Commercialisation
WNTS (WEST NATUNA TRANSPORT SYSTEM) GAS PIPELINE TO SINAGPORE RELEASING VALUE FROM DUYUNG PSC C O M M E R C I A L I S AT I O N CORO ENERGY PLC INVESTOR PRESENTATION Q1 Close to existing infrastructure, including third party operated West Natuna Transportation System (WNTS), which delivers gas direct
Slide 8: Why Renewables?
CUMULATIVE GLOBAL INVESTMENT IN CLEAN ENERGY INFRASTRUCTURE OF $8TN TO $16TN WHY RENEWABLES? REQUIRED BY 2030 SOURCE: GOLDMAN SACHS Global transition to low carbon Cost of deploying renewables Electrification of transport, residential energy system well underway has fallen significantly due to homes
Slide 9: Recent Acquisition of Early Stage Operated Renewables Projects
RECENT ACQUISITION OF 12 EARLY STAGE OPERATED RENEWABLES PROJECTS March 2021 aquisition of GEPL, a developer of renewable energy Priority Pipeline projects in South East Asia CORO ENERGY PLC INVESTOR PRESENTATION Q1 100MW (extendable) Onshore Wind, Visayas, Philippines Priority 1 100MW Solar, Visaya
Slide 10: First Two Filipino Projects
FIRST TWO FILIPINO PROJECTS 100MW solar and 100MW onshore wind CAPACITY FACTOR IEC CLASS I WIND LU ZO N R EG I O N Project overview - Wind REGIONAL IRRADIATION CORO ENERGY PLC INVESTOR PRESENTATION Q1 Description 100 MW onshore wind project Location Philippines - Visayas Region Annual Energy Product
Slide 11: Building on ion Ventures Investment
BUILDING ON ION VENTURES INVESTMENT THE INVESTMENT Acquisition of GEPL enhances the ion Ventures investment value of Coro’s relationship with ion: announced in November CORO ENERGY PLC INVESTOR PRESENTATION Q1 GEPL and ion’s product focus is GEPL and ion’s existing country complimentary creating opp
Slide 12: Summary: A Compelling Energy Platform in Asia
SUMMARY: A COMPELLING ENERGY PLATFORM IN ASIA South East Asian energy markets Coro’s regional strategy Acquisition of 12 operated present a compelling investment underpinned by Duyung asset renewables projects complements case for gas and renewables due which is poised to achieve several ion Venture
Slide 13: Appendix
CORO ENERGY PLC INVESTOR PRESENTATION Q1 APPENDIX APPENDIX 13
Slide 14: Renewable Energy in the Philippines
RENEWABLE ENERGY IN THE PHILIPPINES Annual electricity demand Legislation supportive of Large deficit of renewable Deployment of renewable energy forecast to increase by 65GW renewable energy - power production vs seen as strategically important to by 2040, on the back of a transparent, objective an
Slide 15: Shareholders
SHAREHOLDERS CORO ENERGY PLC INVESTOR PRESENTATION Q1 3% 14% 7% 7% 69% info@coroenergyplc.com Mark Hood - CEO Peter Christie - CFO CONRAD PETROLEUM LTD LOMBARD ODIER CIP MERCHANT CAPITAL MANAGEMENT OTHERS 15