Jade Power Trust Trust Units · TSXV:JPWR.H
Jade Power Trust Trust Units — Investor Presentation (August 2020)
16 slides from Jade Power Trust Trust Units's investor presentation, August 2020
Slide 1: Emerging Markets Power Generation Investor Presentation
Emerging Markets Power Generation Investor Presentation August 2020 TSX.V: JPWR.UN TSX.V: JPWR.UN 0
Slide 2: Cautionary Notes
CAUTIONARY NOTES This presentation (the “Presentation”) has been prepared by Jade Power Trust (the “Trust”) and is being delivered for information purposes only. The Presentation is confidential and is made available strictly on the basis that it will not be reproduced, redistributed or disclosed, i
Slide 3: Jadepower Highlights: At a Glance
JADEPOWER Highlights AT A GLANCE Total Operating Projects • Revenue & profit generating 6 • Tax efficient trust structure Total Installed Capacity • 100% clean energy production 81 MW • Diversified clean energy portfolio with little seasonal variability Revenues • Stable and predictable revenue stre
Slide 4: Jadepower Overview
JADEPOWER Overview • Publicly Listed on the TSX Venture Exchange (Symbol: JPWR.UN) • Generates and sells electricity to licensed suppliers in Romania • Diversified portfolio of wind (77% of production), solar (20%), and hydro (3%) assets • Generates revenue through EU subsidies (Green Certificates)
Slide 5: Value Proposition
Value Proposition INVESTMENT HIGHLIGHTS Long-term Stable • Long-term stable and predictable cash flows from long-term power contracts. Cash Flows from • Diversified portfolio with little variation in annual output. Diversified Portfolio • Tax advantaged structure that maximized after-tax cash flows
Slide 6: Corporate History
Corporate History Feb 2014 Jun 2014 Jul 2015 Oct 2015 Sep 2016 Dec 2017 Oct 2019: Dec 2020F Trust Equity Equity Equity Debenture Equity Financing: Name Change to Corporate Level Launched Raise: Raise CAD Raise: Financing: CAD $43m “Jade Power” Debt Repayment CAD $21m $13m CAD $4m CAD $3m from “Block
Slide 7: Strategy
Strategy Focused on Sustainable Power Generation CORE BUSINESS: Revenue from Clean Power Generation WIND SOLAR HYDRO Baia: 17.0 MW Corabia: 7.0 MW Rott: 1.7 MW East Wind: 45.0 MW PowerLIVE: 9.6 MW Zagra: 0.7 MW Total Capacity: 81MW August 2020 TSX.V: JPWR.UN 7
Slide 8: EU Green Certificates Explained
EU Green Certificates Explained EUROPEAN GREEN CERTIFCATE PROGRAM EXPLAINED • Romania incentivized the construction and use of renewable energy by implementing a green certificate program. • Renewable energy companies are issued a number of Green Certificates dependent on the type and amount of ener
Slide 9: Performance Metrics
Performance Metrics ENERGY GENERATION1 REVENUE PERFORMANCE 2019 PERFORMANCE 2019: 155,263 2019: 5% YOY Increase 147,544 2% YOY Increase $17.3M $17.7M CASH: $1.8M 2018: 96% YOY Increase 2018: EBITDA: $8.8M or 42% YOY Increase $0.04/Unit 2014 to 2019: 2014 to 2019: 75,152 CAGR - 76.9% CAGR – 88.1% $12
Slide 10: Debt Profile
Debt Profile NET ASSETS & TOTAL DEBT1 2019 DEBT SUMMARY $44.4M $43.3M $7.8M $4.7M $(1.6)M 2019A Corporate Level: $ 3.8M PowerLive2: $ 10.5M Corabia2: $ 7.7M $97.6M Baia2: $ 3.9M $(37.5)M Total Debt1: $25.9M $59.7M $44.9M 2020F $31.1M Corporate Level: $ --- $25.9M PowerLive2: $ 9.5M $19.8M Corabia2:
Slide 11: Capital Structure
Capital Structure CAPITAL STRUCTURE as at July 31, 2020 Capital Structure Key Shareholders Ticker Symbol TSX-V: JPWR.UN Management & Insiders 3.0% Share Price $0.175 Renovatio Group Limited 22.7% 52-Week Range $0.08 - $0.25 MMCAP International Inc. 16.0% Shares Outstanding 231.8M Widely Held 58.3% -
Slide 12: Leadership
Leadership Management and Board of Directors Mr. Barclay is MD & Principal of B4 Capital, LLC, a private investment company which invests in a diverse portfolio of asset classes. Mr. Barclay previously served for more than 12 Ravi is the Chairman and co-founder of Jade Power Trust. He years as Senio
Slide 13: Ravi Sood, Chairman and management contacts
RAVI SOOD J.COLTER EADIE BETTY SOARES Chairman Chief Executive Officer Chief Financial Officer rsood@jadepower.com jceadie@jadepower.com bsoares@jadepower.com Mobile: +1 647 987 7663 Mobile: +40 736 372 724 Mobile: +1 416 803 6760 August 2020 TSX.V: JPWR.UN 13
Slide 14: Energy Portfolio
Energy Portfolio Operations: Wind, Solar, Hydro OPERATING CLEAN ENERGY PORTFOLIO Project Name(s): East Wind, Baia Generation Type: Wind Installed Capacity: 62 MW Avg Annual Generation: 132,000 MWh • 81MW Unique Investment Vehicle Hardware (Turbines): 22 Vestas V90 Land Owned: 5 acres capacity Date A
Slide 15: Romania market overview
Romania Romania joined the European Union (EU) on 1 January 2007 ermany Poland g Czech Rep Slovakia Ukraine Austria Hungary Slovenia Romania Croatia Serb ia Italy Bulgaria Greece Abundant natural resources and generation mix Stable Electricity Infrastructure o Stable and Mixed Generation Capacity in
Slide 16: Strategic Shareholder
Strategic Shareholder Renovatio Group KEY FACTS • Renovatio Group is a strategic shareholder of Jade Power Trust holding approximately 51.9M units (22% currently outstanding) • Integrated operator (development, generation, trading, asset management) in the renewable energy sector • Has completed ove
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