Company Presentation. 6 July, 2018

Transcription

1 6 July, 2018 Company Presentation Renewable energy company, ReNu Energy Limited (ASX: RNE) is pleased to provide shareholders with a Company Presentation. The attached presentation provides an overview of the Company s strategic plan, the key operational and commercial milestones achieved in the second half of FY18. An outline of the strategic growth areas, the near-term objectives and proposed use of funds from the recently announced Entitlement Offer is also provided. Further details on the Entitlement Offer can be found on the Company s website For more information please contact: Craig Ricato Friederike Graser CEO & Managing Director Investor Relations & Communications Manager About ReNu Energy ReNu Energy Limited (ASX: RNE) is an independent power producer which delivers clean energy products and services generally using a build, own, operate and maintain model. The Company provides its customers with renewable energy, at a lower price, with no upfront cost. Forward-looking Statements: This ASX-announcement contains forward-looking statements. These statements are based on an assessment of present economic, market and operating conditions, and on many assumptions regarding future events and actions that are expected to take place that are subject to risks and uncertainties. Forward-looking statements are not a guarantees of future performance actual results, performance or achievements of ReNu Energy may be materially different from the statements in this announcement. ReNu Energy does not undertake to update or revise forward-looking statements. ReNu Energy Limited, Level 1, 9 Gardner Close, Milton, QLD 4064 Phone: Fax: info@renuenergy.com.au ABN:

2 Company Presentation 6 July 2018

3 Disclaimer The material in this presentation has been prepared by ReNu Energy Limited (ABN ) and is general background information about ReNu Energy s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to ReNu Energy s businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements. ReNu Energy does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty. All references to $ are references to Australian dollars unless otherwise specifically marked. 2

4 Our Mission What & Why To deliver innovative, clean energy products and services, creating sustainable value for our customers and shareholders. Our Strategy How A. Focusing on projects within our 4 strategic growth areas by: Using proven renewable energy technologies Utilising proprietary deal flow & taking measured development risk An initial focus on niche/medium scale projects Offtake by commercial & industrial customers and proprietary retail operations Partnering opportunistically B. Moving quickly to recycle capital invested and develop near-term pipeline C. Adhering to our Corporate Values of integrity, innovation, collaboration and sustainability

5 ReNu Energy has four strategic growth areas

6 ReNu Energy Who & What What we do Way we do it Our Board & Management Developer, owner and operator of a diversified portfolio of biogas and solar renewable energy generation projects in Australia Energy retailer to Solar PV Embedded Network customers Initial focus on niche/medium-scale projects (1MW-10MW) Our Current Projects Focus on 4 strategic growth areas: Bioenergy Power Purchase Agreements Solar PV Power Purchase Agreements Solar PV Embedded Networks Solar PV grid connected operations Holder of a Retail Authorisation for the National Energy Market Our Financial Strength Each member with more than 15 years relevant experience Backgrounds in the renewable energy, utility & infrastructure sectors, energy retailing and capital markets Entrepreneurial culture of innovation, stretch performance, accountability and zero harm Our Pipeline 2.15MW DC of Solar PV Embedded Network projects located at Griffith & Lismore, NSW, and Mount Gambier & Murray Bridge, South Australia 2.7MW AC of Bioenergy projects located at Goulburn, NSW and Beaudesert, Qld 0.6MW DC of Grid Connected PV projects located at Amaroo, ACT ASX listed $13.3m total assets (as at 31/5/18) Access to further equity via public capital markets $253m in carried forward tax losses Extensive proprietary portfolio of solar PV and bioenergy project opportunities across all 4 strategic growth areas Unique opportunities to co-locate solar PV and bioenergy projects

7 Experienced Board and Management ReNu Energy s Board and Management has a track record in developing renewable energy projects, managing profitable operating businesses and capital raising. Mr Steve McLean Non-Executive Chairman Mr Craig Ricato CEO & Managing Director Mr Anton Rohner Non-Executive Director Mr Richard Brimblecombe Non-Executive Director Mr Damian Galvin CFO & Company Secretary Mr Warren Leitao COO Over twenty years international experience in investment banking and equity capital markets and has led equity transactions raising over $50 billion A Non-Executive Director of ASX listed Litigation Capital Management Ltd Bachelor of Economics Over 17 years international experience with listed and private companies in senior executive and director roles across the energy, construction, resource and professional services industries Bachelor of Laws (1 st class honours); Bachelor of Commerce; Graduate Diploma Legal Practice; Member of the Australian Institute of Company Directors Over twenty years international experience in management, development and finance in the renewable energy and resources sectors Currently CEO for UPC Renewables (Australia) Pty Ltd Bachelor of Business; CPA Experienced executive in the agri-business and finance sectors, with a deep industry knowledge of agribusiness and agricultural finance Currently CEO & MD of StockCo (Australia) Pty Ltd EMBA from Bond University; Member of the Australian Institute of Company Directors Chartered Accountant with over 25 years of experience in the management of all aspects of the financial and corporate affairs of fast-growing companies in the energy and resources sector Bachelor of Business (Accounting); CA Extensive experience in business strategy, account management, business development and financial trading, having built and grown successful businesses in Australia and South Africa Bachelor of Commerce 6

8 Our Environmental Outcomes FY18*

9 We are delivering on our FY18 objectives The key operational and commercial milestones achieved in the 2 nd half of FY18 included: Revenues increased by approximately 210% AND overhead costs reduced by approximately 19% (February 2018) Successful commissioning and commencement of commercial operations of the 1.6MW AC Goulburn Bioenergy Project (February 2018) Completed the acquisition of the 600kW DC Amaroo grid-connected solar PV project (February 2018) Power Purchase Agreement term sheet agreed with AJ Bush for development of an 850kW DC solar PV project at its Beaudesert rendering facility (February 2018) Secured a 10 year extension to the existing Bioenergy Power Purchase Agreement for the 1.1MW AC AJ Bush Bioenergy Project (March 2018) Completion of Solar PV Embedded Network construction and commencement of electricity supply to shopping centre tenants at Griffin Plaza, Griffith (April 2018) The start of construction of the next two Solar PV Embedded Network sites at Mt Gambier and Murray Bridge, with completion anticipated in June (June 2018) Awarding of Retailer Authorisation by the Australian Energy Regulator (AER), enabling direct sale of electricity to tenants in all four Solar PV Embedded Network shopping centres (June 2018) Entry into an Alliance Agreement with Resonance Industrial Water Infrastructure Fund Limited (RIWIF) with the intention to jointly develop a $100m bioenergy portfolio: Signing of agreement for RIWIF to take a 70% interest in the group s bioenergy assets Execution of first phase of transaction, with RIWIF to acquire 70% of the Goulburn Bioenergy Project for consideration of $2.8 million to settle in July 2018 Finalisation of investment decision and contract negotiation for AJ Bush Bioenergy project and G4 expansion project, anticipated in Q

10 Our current portfolio includes ReNu Energy is now well positioned as a developer and owner of behind the meter generation assets in the Australian renewable energy market. Mount Gambier, South Australia Size: 630kW DC Murray Bridge, South Australia Size: 980kW DC Griffith, NSW Size: 360 kw DC Goulburn Bioenergy Project, NSW Size: 1.6MW AC AJ Bush Bioenergy Queensland Size: 1.1MW AC Amaroo School, ACT Size: 600kW DC 9

11 $5.1 Million Entitlement Offer June/July 2018 Over the last three months the new executive team at ReNu Energy has refined its development, finance and execution strategies. For ReNu Energy to implement its revised plans and rapidly add to its portfolio of renewable energy assets, it requires capital which can be deployed quickly as opportunities arise. The capital raised from the Entitlement Offer will be used for the purpose of growing and expanding the Company s bioenergy and solar businesses, with the aim of achieving the following near term objectives: developing a portfolio of assets capable of producing sufficient revenue to cover the Company s business development costs, corporate overhead and other operating expenses; providing the capacity to invest up to $12 million in new renewable energy projects, sourced from equity, debt and proceeds from the sale of a 70% interest in the Company s existing bioenergy assets; and increasing energy generation under management from 5.45MW to over 18MW. 10

12 Entitlement Offer Details ReNu Energy is seeking to raise up to $5.1 million through a non-renounceable entitlement offer, to assist in implementing its plans to rapidly add to its portfolio of renewable energy assets. Offer Details Issue Price 1.2 cents per New Share Discount 11% to the 30 day VWAP of Shares traded on ASX up to and including, Thursday, 14 June % to the last price of 1.4 cents at which shares traded on Thursday, 14 June % to the Theoretical Ex-rights Price (TERP) on Thursday, 14 June 2018 Entitlement 1 New Share for every 2 Shares held on the Record Date of Thursday 21 June 2018 Key Dates Record Date to determine Entitlements 7pm (Sydney time) on Thursday, 21 June 2018 Opening date of the Entitlement Offer Monday, 25 June 2018 Closing Date last date for lodgement of Entitlement and Acceptance Forms and payment of Application Money 5pm (Sydney time) on Friday, 13 July 2018 *The timetable is subject to change and the Company reserves the right to withdraw or vary the timetable for the offer without notice. In particular, the Company reserves the right to extend the closing date for the Entitlement Offer, to accept late applications whether generally or in particular cases or to withdraw the Entitlement Offer without prior notice. 11

13 ReNu Energy Limited Principal and Registered Office: Level 1, 9 Gardner Close, MILTON QLD 4064 Telephone: Facsimile: Postal Address: PO Box 2046, MILTON QLD 4064 Internet: info@renuenergy.com.au 12