Information about the proposed distribution of Lundin Petroleums shares in Etrion Corporation 20 October 2010 Questions regarding the listing and distribution will be answered at phone number +46 8 5886 94 89
INTRODUCTION AND TRANSACTION OVERVIEW Background and rationale Background On 5 October 2010, Lundin Petroleum AB (publ) (Lundin Petroleum) announced its intention to distribute its ownership of shares in Etrion Corporation…
INTRODUCTION AND TRANSACTION OVERVIEW Distribution of shares in Etrion Key events Lundin Petroleum shareholders as of 30 June 2010 Capital and votes, Etrions listing prospectus Shareholder No. of shares percent Etrions listing…
INTRODUCTION AND TRANSACTION OVERVIEW Etrion in brief Develops, builds, owns and operates solar power Assets overview plants in Italy 40 MW solar power plants Current focus is on countries with government operational and…
MARKET OVERVIEW Energy market Global electricity consumption 19902030 Market drivers for the renewable energy 50 Favorable regulatory trends CAGR 20102030: 40 2.2% An increasing desire for secure and diverse sources of 32…
MARKET OVERVIEW Solar energy Surface area required to power the world The potential for solar energy is greater than other with solar panels forms of renewable power Every minute, enough solar energy reaches the earths surface…
MARKET OVERVIEW Key driver for market growth Incremental installed capacity Drivers for solar market by region 20092012E 25,000 Stable revenues government-sponsored Rest of World incentives providing security of longevity and…
MARKET OVERVIEW Business rationale for the Italian solar market Italy overview Population 58.1 million Annual inflation rate (Aug 2010) 1.6 percent Avg irradiation (kWh/m2/year) 1,650 (1,400-2,000) Residential electricity…
ETRION DESCRIPTION Etrion projects in Italy operational 1. Montalto 33, Lazio 2. Helios ITA, Puglia Largest solar park operating in Italy 6.4 MW PV parks in the Puglia region Cassiopea: 24 MW PV park in the Lazio region Acquired…
ETRION DESCRIPTION Etrion projects in Italy under construction 3. SVE, Puglia 4. Borgo Piave, Lazio 3 MW under construction in the Puglia region 3.5 MW under construction in Borgo Piave in the Lazio region Expected connection in Q4…
ETRION DESCRIPTION Etrion management team MARCO A. NORTHLAND GARRETT SODEN MICHAEL SOMMER GIOVANNI DIANA FERNANDO ALVAREZ Chief Executive Officer Chief Financial Officer Vice President General Manager, Italy Vice President and…
ETRION DESCRIPTION Etrion Board of directors IAN H. LUNDIN MARCO A. NORTHLAND ASHLEY HEPPENSTALL JOHN H. CRAIG AKSEL AZRAC Chairman Chief Executive Director Director Director Officer and Director As Chairman, Ian H. Lundin Prior…
FINANCIAL DEVELOPMENT Etrion business model key drivers Key drivers Rationale STABLE REVENUES 1 Feed-in tariffs Long-term commitment to renewables through EU 2020 Directive, incorporated REVENUE in national plans with…
FINANCIAL DEVELOPMENT Solar project economics Italy Key assumptions Irradiation (kWh/m2/year) 1,650 2010 Feed-in-Tariff (/kWh) 0.346 (plus market rate 0.08) Debt/Equity Leverage (%) 80/20 Total Project Cost (/MW) 3,500,000…
FINANCIAL DEVELOPMENT Etrion current projects in Italy (Currency: EUR million) Name MW Revenues EBITDA Capex Debt Equity Lazio - Cassiopea 23.9 18.7 16.3 142.4 107.2 35.21 Operational Lazio - Centauro 8.8 6.7 5.8 51.8 37.9…
SUMMARY Transaction, market and Etrion overview On 5 October 2010, Lundin Petroleum announced its intention to distribute its ownership of shares in Etrion to Lundin Petroleum shareholders Etrion is listed on the Toronto Stock…
SUMMARY Key Etrion investment highlights Attractive returns in downstream solar power generation sector Environmentally-preferred solar power generating facilities in various stages of development 40 MW of operational capacity,…
For more information on Etrion, please refer to www.etrion.com For more information on Lundin Petroleum, please refer to www.lundinpetroleum.com Questions regarding the listing and distribution will be answered at phone number +46 8 5886…
Loading...
