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H1 2012 EARNINGS CALL – Alkane Energy Plc

Alkane Energy Plc · Sep 12, 2012 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 1
    ALKANE ENERGY PLC Interim results For the 6 months ended 30 June 2012 GAS TO POWER ENERGY
  2. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 2
    Gas to Power: Alkanes Operating Model Power plant size ranges from 0.5MW to 10MW Generators are modular, scalable and flexible Sites are remotely managed with mobile field technicians completing services/repairs Skills and…
  3. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 3
    Alkane Transformed through Focussed Strategy Power Response Onshore Group Revenue CAGR 45% One of the leading UK gas operators UKs leading CMM Short term operating operator reserves STOR First move in to Power Peak running onshore…
  4. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 4
    Highlights Delivering on targets Transformational Greenpark acquisition on track Good progress on Seven Star acquisition Biogas D.B.O. contracts being won Pricing up 14% Short term forward pricing stable Output: Extensive period…
  5. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 5
    Output Benefitting from Accelerated Maintenance Programme H1 65GWh (2011: 70GWh) GWh Monthly Output Planned maintenance completed 16 Install/improve gas pump facilities (5 2.4 14 2.8 sites) Engine major overhauls (4 sites) 12 2.9…
  6. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 6
    Transformational Deal: Greenpark Energy Installed capacity (MW) 80 DEAL 70 60 29.0 Exchanged February 2012, 50 completed April 2012 40 30 5.7m maximum consideration 20 37.5 41.0 41.0 10 14.3 17.0 18.5 20.0 30.0 Funding 3m Lloyds 0…
  7. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 7
    Slide 7
  8. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 8
    Financial Highlights Revenue up 6% to 5.3m (2011: 5.0m) Average selling price increased to 56/MWh (2011: 49/MWh) EBITDA up 10% to 2.1m (2011: 1.9m) EBITDA represents 40.3% of revenue, with 85% conversion into cash flow…
  9. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 9
    Exceptional Items H1 2012 H1 2011 FY 2011 000 Unaudited Unaudited Audited Exceptional admin expenses Acquisition costs (500) (173) (334) Negative goodwill 539 - - Impairment of biogas (313) - - development costs (274) (173)…
  10. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 10
    Published Results H1 2012 % FY 2011 000 (Greenpark H1 2011 Change (Audited) acquired 26 April) Revenue 5,287 4,995 5.8% 9,501 Operating profit 896 836 7.2% 1,879 Exceptional admin expenses (274) (173) (334) Published PBT 684 718…
  11. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 11
    Segmental Analysis Unaudited Core Business Biogas Total H1 2012 H1 2011 H1 2012 H1 2011 H1 2012 H1 2011 Revenue 4,486 4,297 801 698 5,287 4,995 Gross margin 2,303 2,211 122 3 2,425 2,214 Gross margin % 51% 51% 15% 0.4% 46% 44% EBITDA…
  12. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 12
    Balance Sheet H1 2012 H1 2011 FY 2011 000 Unaudited Unaudited Change Audited Fixed Assets Fixed assets 38,602 26,761 44.2% 29,306 38.6m Cash 560 1,471 (61.9%) 745 Bank debt (9,364) (2,460) (280.7%) (4,852) Engines 14.5m Lease debt…
  13. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 13
    Cash Flow H1 2012 H1 2011 FY 2011 000 Change Unaudited Unaudited Audited Last 5 Years Operating activities Capex after depreciation 1,002 955 4.9% 2,062 Funded by 35m Depreciation charge 812 1,107 (26.6%) 2,312 Operating Cash…
  14. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 14
    Baseload Electricity Prices /MWh 60 54 54 51 52 51 46 45 44 Stable pricing 40 38 Contracts in place covering: 90% of expected output for 2012 33% of 2013 20 Sales policy consolidation of Greenpark 0 2006A 2007A 2008A 2009A…
  15. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 15
    Slide 15
  16. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 16
    Electricity Market Reform UK Electricity Market Mix (2011) Security of supply capacity mechanism Nuclear De-carbonising power carbon floor price Other Wind Emission performance standards 450 C02/kwh Coal Gas Long term contracts…
  17. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 17
    Production and Project Pipeline Alkane site improvements/refurbishments drawing to a close New site opened at Gedling 3MW further site in South Wales by end of year Work commenced on Greenpark sites Pump improvements at…
  18. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 18
    Power Response Income from - Peak period weekday 4pm 7pm - STOR - Winter premium pricing National Grid - 6 STOR seasons - Standby rental availability payment - Running/ utilisation fee Market - Currently 4,000MW - Expected to…
  19. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 19
    Biogas First CHP site now operational: Glenfarg Capital order intake YTD 4m Food and processing operation Agricultural scheme Council waste project Ongoing long term O&M contracts Biogas still attracting strong FIT…
  20. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 20
    Summary Transformational Greenpark Energy acquisition Output building month on month Expanded Power Response portfolio Successful order intake on Biogas On track to deliver in line with management expectations Slide 20
  21. H1 2012 EARNINGS CALL – Alkane Energy Plc – slide 21
    ALKANE ENERGY PLC Interim results For the 6 months ended 30 June 2012 GAS TO POWER ENERGY

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