Slide 1: RASLAG CORP.
RASLAG CORP.
Slide 2: Presenters
Presenters ROBERT GERARD B. EPIFANIA B. MORAL ENGR. ANGELO PAOLO L. USI NEPOMUCENO Accounting Manager OBD Research Engineer Chief Financial Officer 2
Slide 3: Agenda
Agenda 1 Raslag Corp. Overview 2 Key Investment Highlights 3 Operating and Financial Highlights 4 Growth Pipeline 3
Slide 4: Agenda
Agenda 1 Raslag Corp. Overview 2 Key Investment Highlights 3 Operating and Financial Highlights 4 Growth Pipeline 4
Slide 5: The Nepomuceno Family: An Illustrious Legacy
The Nepomuceno Family: An Illustrious Legacy Raslag is wholly-owned and led by the Nepomuceno family of Pampanga, who have been building enduring businesses, institutions, and landmarks in Angeles City and the region for a hundred years. Holy Angel Durastress Rockwell Angeles Ice Academy Villa Teres
Slide 6: Raslag Corp.
Raslag Corp. Raslag is among the solar energy pioneers in the Philippines. Led by Engr. Peter G. Nepomuceno, a veteran in the power industry and a well-respected pillar of business in Central Luzon. Raslag-1: 10.046 MWp Raslag-2: 13.141 MWp Raslag Corp. ₱9.68/kWh FIT-1 ₱8.69/kWh FIT-2 Financial
Slide 7: Corporate History and Milestones
Corporate History and Milestones Commenced construction of 36.646 Commenced MWp Raslag Establishment Completion of construction Completion of 4 in 2H, the of Raslag the 13.141 of 18.011 Raslag-3 in highest plant Corp. in line Completion of MWp Raslag- MWp Raslag- July. capacity to with 10.046 MWp 2
Slide 8: Solar Projects
Solar Projects Raslag-3 Mabalacat/San Jose, Magalang, Pampanga Installed Capacity MWp 18.011 Land Area Has. 12.801 Operations Start Year [2022] EPC Solenergy Raslag-4 Talimundoc, Magalang, Pampanga Installed Capacity MWp 36.646 Land Area Has. 25.175 Raslag-2 Operations Start Year [2024] Suclaban & G
Slide 9: Solar Projects
Solar Projects RASLAG 1 & 2 Raslag-5 Saba, Hermosa, Bataan Installed Capacity MWp [45] est. Land Area Has. (33.15) approx. Operations Start Year [2025] Saba 9
Slide 10: Solar Projects
Solar Projects RASLAG 1 & 2 Raslag-6 Plastado, Gerona, Tarlac Installed Capacity MWp [58] est. Land Area Has. (42) approx. Operations Start Year [2028] Saba 10
Slide 11: Agenda
Agenda 1 Raslag Corp. Overview 2 Key Investment Highlights 3 Operating and Financial Highlights 4 Growth Pipeline 11
Slide 12: Key Investment Highlights
Key Investment Highlights 1 Solar industry pioneer enjoying attractive FIT* rates Strong financials with clear potential for significant profit growth and 2 high dividend capacity Strategically located in Central Luzon — a region ideal for large, 3 utility-scale solar projects 4 Well-positioned to t
Slide 13: Solar industry pioneer enjoying attractive FIT rates
Solar industry pioneer enjoying attractive FIT rates Rates FIT-1(1) FIT-2(1) WESM(3) Solar FIT-1 Solar FIT-2 WESM ₱/kWh Year ₱/kWh ₱/kWh ₱/kWh 12.00 10.94 11.28 11.28 11.28 10.07 10.48 2015 9.68 8.69 4.8895 9.68 9.70 10.00 2016 9.7015 8.7093 3.2814 9.82 10.12 10.12 10.12 8.00 9.04 9.41 2017 10.0661
Slide 14: Strong financials with visible potential for profit growth and high dividend capacity
Strong financials with visible simultaneous potential for profit growth and high dividend capacity Revenues EBITDA ₱ mn Revenues (FY) (LHS) Revenues (3M) (LHS) Y-o-Y Growth (RHS) ₱ mn EBITDA (FY) (LHS) EBITDA (3M) (LHS) EBITDA Margin (RHS) 500 49% 50% 400 81% 84% 81% 100% 32% 73% 400 30% 300 80% -26
Slide 15: Strategically located in Central Luzon
Strategically located in Central Luzon — a region ideal for large, utility-scale solar projects DOE Distribution Development Plan (DDP), 2019-2028 Region Energy Sales Energy Sales (TWh) Avg TWh Growth/yr Growth No. / Name 2019-2028 2018 2028 TWh/yr Region I 4.89% 2.23 3.80 0.16 Region II 5.00% 0.98
Slide 16: Well-positioned to take advantage of green revolution
Well-positioned to take advantage of green revolution 2020-2040 Philippine Energy Plan(1) Target Installed Capacities MW Coal Natural Gas Oil Renewable 2040 Renewable Energy Installed Capacity Targets(1) 140,000 Geothermal Hydro Wind Solar Biomass 118,571 120,000 Status Quo = 53,205 MW Clean Energy
Slide 17: Respected management team with decades of expertise in the power sector
Respected management team with decades of expertise and success in the power sector DIRECTORS INDEPENDENT DIRECTORS ENGR. PETER G. ENGR. GEROMIN T. ROBERT GERARD B. ATTY. PEDRO H. NEPOMUCENO NEPOMUCENO NEPOMUCENO MANIEGO, JR. Chairman / President & Vice Chairman and Director and CFO Independent Dire
Slide 18: Agenda
Agenda 1 Raslag Corp. Overview 2 Key Investment Highlights 3 Operating and Financial Highlights 4 Growth Pipeline 18
Slide 19: Summary of Selected Operating Information
Summary of Selected Operating Information Generation - Total Raslag-1 Performance Electricity Generation (FY) (LHS) Generation (FY) (LHS) Generation (3M) (LHS) Capacity Factor (RHS) GWh Electricity Generation (3M) (LHS) 15.0 15.9% 16.2% 16.2% 18.0% GWh Linear (Electricity Generation (FY) (LHS)) 17.4
Slide 20: Summary of Selected Financial Information
Summary of Selected Financial Information ERC-Approved FIT Rates Revenues ₱/kWh Solar FIT-1 Solar FIT-2 ₱ mn Revenues (FY) (LHS) Revenues (3M) (LHS) Y-o-Y Growth (RHS) 15.00 500 49% 50% 11.28 11.28 11.28 32% 9.68 9.70 10.07 10.48 10.94 400 -26% 30% 10.00 300 10% 9.41 9.82 10.12 10.12 10.12 8.69 8.71
Slide 21: Summary of Selected Financial Information
Summary of Selected Financial Information Key Balance Sheet FY2020 FY2020 Financial Ratios FY2021 FY2022 Items FY2021 FY2022 (as reissued) (as reissued) (in ₱ mn) Profitability Total Assets 2,232 2,657 3,515 Gross Profit Margin 75% 68% 70% PPE 1,730 2,242 2,468 EBITDA Margin 84% 84% 73% Net Profit M
Slide 22: Key Performance Indicators
Key Performance Indicators ASLAG ACEN March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Current Ratio 1.10 2.02 Current Ratio 0.00 3.96 Debt to Equity Ratio 0.52 0.55 Debt to Equity Ratio 0.00 0.56 Net Debt to Equity Ratio 0.43 0.34 Net Debt to Equity Ratio 0.00 0.19 March 31, 2023 D
Slide 23: Agenda
Agenda 1 Raslag Corp. Overview 2 Key Investment Highlights 3 Operating and Financial Highlights 4 Growth Pipeline 23
Slide 24: Growth Strategies
Value Creation Growth Strategies Leverage Optimize Explore Maintain good Strengthen expertise and operations to complementary relationships manpower and capitalize on leverage disruptive with enhance technology synergies across technologies stakeholders and organizational economics to multiple adjac
Slide 25: RASLAG 1 & 2
RASLAG 1 & 2 Overview Raslag-1 (10.046 MWp) and Raslag-2 (13.141 MWp) are solar power projects in Mexico, Pampanga Financing Term Loan Facility with Bank of the Philippine RASLAG 2 Islands Development Raslag-1 was constructed within Ten (10) months while Raslag-2 was constructed within Six (6)
Slide 26: Raslag-3
Raslag-3 Overview Raslag-3 is an 18.011 MWp solar power project in Magalang and Mabalacat, Pampanga Financing Term Loan Facility with Bank of the Philippine Islands Project is fully-funded; no IPO proceeds are needed to support it Development Started construction in July 2021 with Solenergy
Slide 27: Raslag-4
Raslag-4 Overview Raslag-4 will be a 36.646 MWp solar plant in San Pablo, Magalang, Pampanga Status Awarded with Solar Energy Operating Contract (SEOC) from DOE Land for the project has been acquired Company has secured its financing with BPI Development Total construction cost estimated t
Slide 28: RASLAG 5
RASLAG 5 Overview Raslag-5 is a 45.00 MWp (est.) solar power project in Hermosa, Bataan Status Land for the project has been acquired Company is in talks with its existing financial partners (BPI & Chinabank) for financing the project Development Currently applied for a Solar Energy Operatin
Slide 29: RASLAG 6
RASLAG 6 Overview Raslag-6 is a 58.00 MWp (est.) solar power project in Gerona, Tarlac Status Land for the project is being secured Company is in talks with its existing financial partners (BPI & Chinabank) for financing the project Development Currently applied for a Solar Energy Operating
Slide 30: Solar Projects and Pipeline
Solar Projects and Pipeline Plant / Location Project Status Capacity Land Area Land Rights Operations Project Start Description MWp Hectares Description Year Raslag-1 Mexico, Pampanga Operational 10.046 12.9 Raslag-Owned 2015 Raslag-2 Mexico, Pampanga Operational 13.141 13.4 Raslag-Owned 2015 Raslag
Slide 31: Q&A
Q&A 31
Slide 32: Thank you
Thank you 32