September 2015 Investor Presentation – Alkane Energy Plc

Alkane Energy Plc · Sep 9, 2015 · 24 slides

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Slides

ALKANE ENERGY PLC Interim results For the 6 months ended 30 June 2015 GAS TO POWER
Alkane Energy: Operating Model Leading independent power generator Generating enough power for 80,000 homes 27 medium sized power plants across UK Currently 145MW installed capacity Operating model: Standardised gas powered…
Highlights H1 2015 Operational Group development 25% increase in output to 106GWh Record H1 baseload output Maltby and Carron Energy sites 102MW of installed Power now in full operation Response capacity Secured 56% of 2016 baseload…
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H1 Financial Highlights H1 2015 H1 2014 % Change Unaudited Unaudited Baseload output 92.1GWh 76.0GWh +21% Power response 14.2GWh 9.1GWh +56% output Revenue 8.7m 7.1m +23% Underlying PBT 1.4m 0.5m +166% Underlying EBITDA 3.8m…
Underlying Results post Exceptional Items H1 2015 H1 2014 % FY 2014 000 Unaudited Unaudited Change Audited Revenue 8,723 7,064 +23% 15,961 Profit before interest 1,913 908 +111% 4,306 Interest (505) (379) +33% (1,022) PBT…
Electricity Prices Baseload /MWh 60 53 53 53 Baseload contracts in place covering: 51 52 48 50 44 93% of expected output for 2015 at 40 52/MWh 30 56% of 2016 at 50/MWh 20 10 0 Power response market prices: 2010A 2011A…
Revenue split 2009 Revenue split H1 2015 Revenue split 1% 1% 11% 14% 6% 20% 61% 86% Baseload Gas Baseload Peak load STOR utilisation Capacity payments Gas DBO 8
Segmental Analysis Continuing Design, Build & Generation Total operations Operate 000 (Adjusted) H1 2015 H1 2014 H1 2015 H1 2014 H1 2015 H1 2014 Baseload 5,356 4,498 Power 3,234 1,436 Response Revenue 8,590 5,934 133 1,130…
Balance Sheet H1 2015 H1 2014 % FY 2014 000 Unaudited Unaudited Change Audited Non-current assets 62m Non-current assets 62,044 47,046 +32% 61,333 65 Investment in Egdon 60 5,550 11,000 5,464 Resources 55 Engines 23m 50 Cash 1,018…
Cash Flow H1 2015 H1 2014 % FY 2014 000 Unaudited Unaudited Change Audited Operating activities 4,664 1,313 +255% 4,643 Interest (389) (277) +40% (669) Capital expenditure (3,135) (1,880) +67% (5,894) Acquisitions (2,000)…
Financial Summary Strong set of results Record level of H1 output 23% increase in revenue 166% increase in PBT Cash generative Continued support from Lloyds 12
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Alkanes Market: UK Electricity Overall electricity demand reduced to c.330TWh Electricity generated by fuel type Shift from carbon intensive coal to renewables Nuclear output from aged fleet Increasing incentives for power…
Energy Policy Consequences Dispatchable and non-dispatchable UK generating capacity margin generation capacity split (GW) 90 80 70 60 50 40 30 20 10 0 2010 2016 Source: Ofgem Electricity Security of Supply Report…
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Baseload CMM Production and Project Pipeline Maltby and remaining portfolio performing well Record H1 levels of production New site due to open at Edenthorpe Yorkshire in coming weeks DECC 14th Licencing Round a number of…
Power Response STOR & Winter Peak 102MW installed capacity 89MW contracted into STOR 10 year STOR contract at 25MW Redditch site 64MW contracted into short term STOR Alkane saw lull in NG usage during last winter but significant…
Design, Build & Operate DBO utilises Alkanes core expertise Project development CHP engine units Grid connections O&G Industry Shale gas potential Anaerobic digestion External O&M contracts New external build project won in H2…
Egdons new licence areas in the 14th Round Egdon Resources selected partner: UK government backing for shale industry Long standing UK onshore operator Stronger exploration skills Well funded 14th Round Tranche 1 wins…
Summary Rapid growth in output up 25% Strong increase in revenue +23% and PBT +166% Project pipeline potential existing & new post 14th Licencing Round Market backdrop of looming UK capacity shortage Further growth potential of…
Track Record Electricity Output GWh Generation revenue M 200 16 180 14 160 12 140 120 10 100 8 80 6 60 4 40 20 2 0 0 2010 2011 2012 2013 2014 H1 2015 2010 2011 2012 2013 2014 H1 2015 EBITDA M 8 7 6 5 4 3 2 1…
Alkanes Growing Operations 27 operational sites: 13 CMM only 8 power response only 6 dual fuel The Capacity Mechanism 7 new build sites (Agreement 2018-2033) 7 increased capacity sites (Agreement 2018-2033) 11 existing sites…
ALKANE ENERGY PLC Interim results For the 6 months ended 30 June 2015 GAS TO POWER

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