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Who is APR Energy APR Energy helps countries, utilities and organizations meet their power demands by building scalable, turnkey power plants that deliver large blocks of power within days, not years. One of the largest mobile turbine owners globally through GE strategic alliance Developed over 2.5GW of power in 25+ countries 800 people across more than 25 countries Publicly listed on the London London CANADA Stock Exchange UK Hitachinaka IRAQ USA LIBYA Jacksonville Dubai HAITI USVI Cap des Biches San Rafael las Flores GUATEMALA MARTINIQUE Dakar Panama City PANAMA Current Power Plants Headquarters Office Regional Offices Regional Hubs 1 Kounoune SENEGAL Aden UAE YEMEN Libreville GABON Luanda ANGOLA Palmar Largo Formosa San Jose Buenos Aires URUGUAY Magdalena ARGENTINA Salta Sáenz Peña Maun BOTSWANA Francistown Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. Wuxi CHINA JAPAN Yokosuka BANGLADESH MYANMAR SINGAPORE Nias INDONESIA Padang Medan AUSTRALIA Our Mission To be the leading provider of large-scale, rapidly-deployed power solutions, bridging the gap to permanent power in emerging markets. APR Energy Corporate Video 2 Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. APR Energy History Evolution of Our Company 3 Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. Our Business Space APR Energy is Well Positioned in Our Chosen Space Better Efficiency & Emissions APR Gas Turbines 4 • • • • • Preferred utility solution 20x more emissions friendly than diesel Lower operating cost solution than diesel Best in class technology & highly reliable APR only fast-track, turnkey provider in market Generator manufacturers Significant upfront investment Examples: GE, Siemens Permanent Solutions APR Diesel fleet Local dealers • Examples: Barloworld, Energy Intl, CAT dealers • Can be questionable reliability • Limited scale • Short lead time locally • No upfront purchase cost • • • • No upfront purchase cost Short lead time 20-100+ MW Reliable operation APR Competition Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. Fixed investment (e.g. Hydro, Nuclear, Fossil fuels) Very large scale only Our Products Variety of Technologies Configured to the Customer’s Requirements Diesel Power Module Natural Gas Power Module Mobile Gas Turbine 5 • • • • • • • PRODUCT: CAT 3516B engines Rapidly deployable, containerised technology powered by diesel fuel, can incorporate 1 or 2 MW industrial diesel generating set No special concrete foundations required, utility-grade switch-gear enables automatic or manual paralleling to a utility source Advanced control system allows for automatic operation and can be initiated locally or remotely • PRODUCT: CAT G3516C engines Rapidly deployable, 40 foot containerised technology powered by gas fuel Modular design will enable APR to react very quickly to emergency requirements and provide maximum operational flexibility Units are 1.5MW capacity and operate at 50 Hz • • • • PRODUCT: GE TM2500, GE TM2500Plus, P&W FT8 Rapidly deployable modular, containerised turbine technology powered by either gas or diesel fuel Provides exceptional power density with an output up to 25MW per unit operating at 50 or 60 Hz Units are capable to rapidly switch between fuel types and frequency settings Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. Our Global Customers Utilities – Global utility customers continue to present most opportunity with varied requirements Industry – A growth sector, particularly extractive industries. Tends to be smaller scale but longer-term projects Oil & Gas – Strong potential, complex projects with highly technical requirements 6 Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. About our Market Massive Unmet Demand Growth in Demand • 80% of growth expected in non-OECD countries (IEA: World Energy Outlook 2010) Industrial demand in remote locations • Electricity consumption (TWh) Current Insufficient Supply • Global demand continues to outpace • supply Will reach c.600GW by 2015 (IEA Oxford Economics / Aggreko) • • Lead times / lack of financing for permanent power Undiversified / renewable power exceptionally vulnerable to external factors Aging Infrastructure • 25% global installed capacity will be >40 • 7 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 1980 2008 OECD years old by 2015 Replacement cycle shortens investment for new capacity in developing markets Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. 2020 Non-OECD 2035 World Source: World Energy Outlook 2010 Scalable Business Model Large-Scale Power, Tailored to Fit Customers’ Needs • • • 8 Standardized project delivery model targeting power projects from 20MW to over 400MW Contracts typically run from 12 months to more than 3 years, with high rate of renewals. Longer-term projects available Fixed monthly capacity charge, plus additional variable charge for dispatch of power Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. Our Value Propositions The Foundation of How We Work Fast-Track Availability Power when and where you need it Leading-Edge Technology Best-in-class products Customized, Flexible Solutions Solutions built around our customers’ needs Turnkey Design and Support with Full O&M All site surveying, logistics, installation, operation & maintenance, and demobilization Partnership with our Customers & Communities Leaving a lasting positive impact 9 Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. APR Energy: Customer Value Creation Demand Drivers Customer Need (Application) APR Solution Ageing Plants Bridging Power (Power Purchase Agreements) Customer Benefit Offering • Generation Capacity ($) Hydro OverDependency Lack of Financing / Investment Rapid Growth / Industrialisation Backup Power • Electricity Generation ($) Typically 1-3 years Grid Stability & Support Value Proposition • Rapid Power Delivery Emergency Power • Fuel Efficient, LeadingEdge Technology • Customised Plant Design Underdeveloped Infrastructure Natural / ManMade Events 10 Distributed Power Industrial Generation (Dedicated Power) • Turnkey Approach o o o o o o o o (included) Logistics / Mobilisation Site Prep Operation & Maintenance Fuel Off-Loading & Storage Balance of plant Spares & consumables Commissioning Security Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy. £$ Get power in days, not years, when and where it is needed • Grid stability / power reliability • Socio-political stability • Economic growth • Piece of mind / Risk management • Improved quality of life, health & education • Affordability • Eco-friendly alternatives About Our Solutions The Answer to Insufficient Power Infrastructure Quick Lead Times • Highly mobile & flexible technology • Fast-track plants delivered in weeks, not years Reliable Power • Minimize black-outs during high grid utilization • Flexibility to provide power on demand • Complement the rise of (nonreliable) renewable energy Bridge to Permanent Power Low Capital Requirements • Low upfront requirements relative to permanent solutions • Financing for permanent power in emerging markets challenging or unavailable Distributed Generation • Plants distributed across the grid eliminating need for additional transmission • Well suited to serve the rapid expansion of mining and other industrial operations • Semi-permanent solutions • Demobilized / moved to new location at contract end 11 Copyright © 2014 APR Energy. All Rights Reserved. APR Energy, its logo, and “Powering Your Progress” are trademarks of APR Energy.