Presentation

Warsaw, June 2012

Why to invest in renewable energy market?

One of the fastest growing sector of Polish economy, boosted by subsidies and prefer loans.

High potential areas include, among others: wind energy, biomass, biogas,rential co-generation based on natural gas as well as energy saving and smart grid solutions.

What does the Clean -Tech market require in Poland?

  an innovative approach by banks and funds, financial tools which will ensure the start and development of projects,  flexible adaptation to individual needs of investors.

Therefore the Bank Ochrony Środowiska S.A. (BOŚ S.A.)

searches for solutions that create top growth potential and the highest development dynamics while minimise the investor risk. It relies on the best technical solutions & on most reliable and experienced partners.

Who is BOŚ Eko Profit (BEP)?

BOŚ Eko Profit S.A. is a member of BOŚ S.A. capital group:

the owner of 100% company ’s shares is BOŚ Brokerage House S.A.

BEP as an investment company extends and supplements BOS bank ’s offer, particularly in renewable energy area, through: capital investments, organizing funds, process management, financial assistance nad business consultancy.

BEO is an innovative investment vehicle for a wide range of business and municipal clients.

Why is BEP ’s offer unique?

Tailored made solution for each partner:

Business consulting Organisation of financing Capital investments

• • • • Complex and flexible approach Majority or minority shareholding Different forms of equity Widespread solutions for seed capital and start up business

BEP may hold the function of:

Process management Financial intermediary Direct investor Financial & sell-side advisor

What does BEP offer?

• • opportunity of raising capital for those who start their business projects via SPV, innovative offer package:

equity + loan + consulting (structuring the project),

• • • • temporal engagement in the project: 1 up to 5 years, wide consultancy knowledge: from business plan to investment completion, and from management model to growth strategy, various financing forms: credit, equity, loans, converted loans (mezzanine), possibility to use rich experience of BOŚ S.A. in financing ecological projects.

What is BEP looking for?

• • • • •

Wind, water or biogass projects

at the planning permission stage or without planning permission if the developer is ready to co-finance this phase of the project

Co-generation projects ,

in a system with a business partner, as well as in cooperation with local Heat Supply Companies (PEC) and/or local governments

Biomass projects,

waste recycling, new green-tech technologies

Energy saving

, smart grid solutions Projects with

CAPEX from EUR 2,5 mio to 50 mio

- to be implemented for/with the final buyer

How does BEP operate?

.

• • •

1.

2.

3.

4.

•

5

.

Purchase

approach of shares/stocks in existing/new SPV – (total or partial) takeover of commenced projects purchase of the project

Selection

or – together with the other financial investor of potential end users – conditional agreement based on turn-key

Organization

of the process (loans, technology, contractors, etc)

Construction

process

Disinvestment strategy

after completion of the project: selling shares to a sector investor ( „end user” - e.g. utility/energy companies in case of renewable energy sources) or a financial investor (funds), reselling shares to other partners involved in the investment, MBO/LBO introducing the company on the regulated market e.g. IPO

What is BEP ’s investment experience?

3 renewable energy projects initiated in 2011:

• 2 wind farms and biomass plant. • total net capex of our projects is 130 mio. PLN (over 30 mio EUR) • total amount of financing granted by BOŚ Capital Group (bank + BOŚ Eko Profit) for all 3 projects is 95 mio PLN (over 22 mio EUR).

• BEP’s average ROI is 28% yearly.

Our experience and business approach is appreciated by BOŚ bank that granted all of BOŚ Eko Profit partners long term loans.

In addition several projects consulted re. financing and renewable energy.

Pipeline of several projects; biogas plants, wind farms, biomass factory,

What can BEP offer to the foreign investors?

• • • • • • Well recognised

brand

– a passport to other Polish companies A

beach-head

on the Polish market – deep knowledge of rules, regulations, business environment, people and companies A

one-stop-shop

, flexible approach

Credibility & experience Outsourcing

of the whole process; from due dilligence to exit strategy

Complex solutions

for investors who plan to build – fast and safe portfolio of clean – tech projects in Poland

STRATEGY OF HIGH RATE OF RETURN