Alkane Energy plc Preliminary Results For the 12 months ended 31 December 2013 GAS GAS TO POWER TO POWER
Alkane Energy: Gas to Power Leading independent power producer Increased scale, increased profit Generating enough power for 75,000 homes 24 medium sized power plants across UK Current 90 MW installed capacity Operating model:…
Gas to Power: What we do Baseload: Power 24/7 Baseload Response, CMM Generation 15% DBO, 13% Power Response: Winter Peakload: weekday 4pm-7pm Revenue STOR: National Grid Bought in gas Baseload One Off CMM, 50% DBO, 22% Design,…
Highlights: delivering to plan Operational Increased installed capacity timeline (MW) Output up 15% Doubling of power response revenue Stable market pricing Record year in DBO Group development Acquisition of Maltby Colliery CMM…
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2013 Financial Highlights Revenue 20.6m 40% Average selling price 53/MWh - Adjusted EBITDA 7.5m 18% Adjusted PBT 3.4m 17% Adjusted eps from continuing operations 3.01p 2% Net debt/EBITDA 1.4 times 6
Cash Flow 2013 2012 Last 5 years capex & 000 Change Unaudited Audited acquisitions of 47.4m funded by: Operating activities after 1,843 3,325 (45%) depreciation Depreciation charge 3,715 3,209 16% Operating cash Operating…
Baseload Electricity Prices /MWh 60 54 55 Contracts in place covering: 53 53 53 51 73% of expected output for 2014 at 53/MWh 44 40% of 2015 at 54/MWh 40 STOR market prices Average availability ranges from 0.50/MW to 2.00/MW…
Financial Comparison of Generating Assets Baseload CMM Power Response Peak Running Running regime Baseload 24/7 STOR Utilisation Run time target…
Financial Information Maiden dividend of 0.1p/share paid in 2013. Proposed 0.2p/share for 2014. Following successful placing: 124.2m shares now in issue 114.9m weighted average number of shares in issue in 2013 Loan Note conversion…
Track Record 15
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Energy Policy Energy Act given Royal Assent Security of supply via capacity mechanism De-carbonising power via carbon floor price 2030 DECC Estimates Long term contracts via FiTs/CfD Nuclear Gas 25% Reduce energy poverty via…
Energy Reality Lack of new investment Nuclear: Hinckley C referral to EU state aid review Major Closures Renewables: cancelled wind projects Gas: E.oN/RWE closures Looming energy crunch Political pressure on Big 6 Energy…
Net Policy Result Ofgem: Electricity Capacity Assessment Industry has become latest 15% political football 13.88% Ofgem forecast margins fall to 2%-4% by 2015/16 10% 9.75% De-rated capacity margin [%] 7.76% Disconnection…
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Baseload CMM and Project Pipeline Delivered to date New 1.5MW site opened at former Prince of Wales Colliery, Yorkshire Maltby acquired May 2013, 11 MW installed capacity Completed first stranded gas drill 2014 and beyond Working…
Power Response (Peak Running & STOR) Delivered to date Doubled revenue to 3m Improved service to Grid 21 MW contracted to National Grid 2014 and beyond 36 MW contracted to March 2015 7.5 MW Wheldale assets integration during…
Design, Build & Operate Delivered to date One off major contract 5.9m 6 biogas projects 2014 and beyond Completion work on biogas AD Installation of embedded renewable generation at Alkane sites Focus on long term ownership and…
Alkanes Licences Facts and figures 800 km2 21 Licences Scope of licences CMM, CBM, Conventional gas, shale Independent consultants appraisal 15 licences have shale potential Considering range of options: Farm out Internal…
Summary Group revenue and profits up Increasing scale of operations Maltby acquisition and integration ahead of plan Market backdrop of looming UK energy gap Project pipeline potential Confident of another year of progress…
Alkane Energy plc Preliminary Results For the 12 months ended 31 December 2013 GAS GAS TO POWER TO POWER
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