ALKANE ENERGY PLC Interim results For the 6 months ended 30 June 2013 GAS GAS TO POWER TO POWER
Alkane Energy: Gas to Power Leading independent power producer Increased scale, increased profit Generating enough power for 70,000 homes 22 medium sized power plants spread across Central UK 81 MW installed capacity Operating…
Gas to Power: What we do CMM: 24/7 Baseload CMM Generation 44% Power Response: Power Winter Peakload: Response 14% weekday 4pm-7pm One Off DBO STOR: National Grid 26% Backup DBO 16% Design, build and operate (DBO):…
Highlights: delivering to plan Pricing stable Short term forward pricing stable Increases in 2015/2016 Output up 44% Benefiting from full year impact from Greenpark (acquired in April 2012) First time contribution from Maltby…
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H1 Financial Highlights Revenue 11.1m 109% Average selling price 53/MWh 2% Operating cash flow 2.6m 40% EBITDA 3.3m 54% Underlying PBT 1.4m 48% Underlying EPS 1.43p 35% Net debt/EBITDA* 1.2 times 6 * Twelve months to June 2013
Baseload Electricity Prices /MWh 60 58 56 Contracts in place covering: 53 53 54 95% of expected output for 51 2013 at 53/MWh 44 17% of 2014 at 54MWh STOR market prices 40 Average availability ranges from 3.70 to 7.00/MWh…
Other Financial Headlines Maiden dividend of 0.1p/share paid in May 2013 Following successful placing: 123.6m shares now in issue 106.1m average number of shares in period Loan Note conversion would increase shares in issue by 12.8m…
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Energy Policy UK Electricity Market Mix 2012 Energy Bill before Parliament this year 18% 30% Security of supply capacity mechanism Nuclear Other 7% Wind De-carbonising power carbon floor Coal 5% Gas price 40% Emission…
Energy Reality Lack of new investment Nuclear Renewables Gas Source Socit Genral UK Utilities Power & Gas July 2012 Looming energy crunch Transparency on Big 6 utility prices Energy efficiency delays: Smart meters/Green…
Alkanes Response Baseload production: Installed Capacity 81MW CMM / stranded conventional gas project pipeline CMM 43MW Gas 2MW PR 36MW Energy Gap: Expansion in Power Response 90 Installed capacity (MW) / possible capacity…
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CMM Production and Project Pipeline Output up, increasing scale of portfolio Revenue 4.8m Work commenced on Maltby (H1 2012: 3.8m) Temporary bulkheads allowing gas extraction Full mine closure due summer 2014 Drill nearing…
Production Power Response 31 MW installed capacity Revenue 1.5m Contracts in place until March 2014 (H1 2012: 0.6m) 2013 high levels of National Grid STOR calls STOR bidding for summer 2014 and beyond DECC / Ofgem / National Grid…
Design, Build & Operate DBO utilises Alkanes core expertise Project development Revenue 4.7m (H1 2012: 0.8m) CHP engine units Grid connections O&G Industry Re-drill contract at Nooks Farm (one off contract 5.8m) Biogas First…
Alkanes Licences Facts and figures 823 km2 21 Licences Scope of licences CMM, CBM, Conventional gas Not progressing with CBM JV 15 licences have shale potential 14th round (timing still uncertain) 1. Yorkshire (PEDL 11, 37, 43,…
Summary Group revenue and profits up Increasing scale of operations Maltby acquisition and integration ahead of plan Upward pricing trend for UK electricity market Market backdrop of looming UK energy gap Project pipeline…
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