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ContourGlobal
CONFIDENTIAL | October, 2013
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Agenda
SECTION 1: Company Overview
SECTION 2: Key Assets Overview
SECTION 3: CG Solutions Business Model
SECTION 4: Sustainability
SECTION 1
Company Overview
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Saint Martin France (Caribbean) Capacity: 13.8MW Fuel Oil
Guadeloupe France (Caribbean) Capacity: 21.4MW Fuel Oil
Sochagota Colombia Capacity: 165MW Coal
Termoemcali Colombia Capacity: 240MW Natural Gas / Diesel
Sao Domingos Brazil Capacity: 24.5MW Hydro
Asa Branca Brazil Capacity: 160MW Wind
Powerminn USA Capacity: 62.3MW Biomass
Arrubal Spain Capacity: 800MW Natural Gas
Radzymin Poland Capacity: 6.1MW Natural Gas
Nogara Italy Capacity: 9.1MW Natural Gas
Archimedes Italy Capacity: 2.5MW Solar
Kramatorsk Ukraine Capacity: 120MW Coal & Natural Gas
Maritsa Bulgaria Capacity: 908MW Lignite
Nigeria Nigeria Capacity: 21.3MW Natural Gas
Togo Togo Capacity: 99.7MW Tri-fuel
Ploiesti Romania Capacity: 6.1MW Natural Gas
Kiev Ukraine Capacity: 6.1MW Natural Gas
Knockmore Hill Northern Ireland Capacity: 15.2MW Natural Gas
KivuWatt Rwanda Capacity: 26.2MW Methane / Biogas
Helios Italy Capacity: 4.3MW Solar
Sabaudia Italy Capacity: 6MW Solar
Oricola Italy Capacity: 3.1MW Natural Gas
Inka Peru Capacity: 113.8MW Wind
Golf Senegal Capacity: 52MW Natural Gas/Liquids
Bonaire Netherlands(Caribbean) Capacity: 24.0MW Diesel/Wind
Global Portfolio
Galheiros Brazil Capacity: 12.1MW Hydro
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Acquisitions ‒ Termoemcali (COL) ‒ St. Martin & Guadeloupe plants
acquisition (Caribbean) Commercial operations ‒ Togo (TOGO) ‒ Nogara (ITA) ‒ Knockmore Hill (NRE) ‒ Sabaudia (ITA) ‒ Solar (ITA) Construction (groundbreaking) ‒ Galheiros run-of-river hydro
(BRA) ‒ Radzymin; Kiev; Nigeria 3x; Solar
Completion of first boiler rehabilitation, steam turbine and ancillaries in Kramatorsk and placed into service (UKR)
Acquisitions ‒ Sochagota acquisition (COL)
Development ‒ Beginning of São Domingos
II run-of-river (BRA) ‒ Beginning of Togo project
(TOGO) ‒ Powerminn biomass
greenfield (USA) ‒ Kramatorsk CHP
repowering (UKR)
Greenfield ‒ Inka (Peru) Commercial operation ‒ Apapa (Nigeria) ‒ Benin (Nigeria) ‒ Kiev (Ukraine) ‒ Galheiros
(Brazil)
2005
ContourGlobal founded by Joseph Brandt and
Reservoir Capital
Group
2007
Commercial operation of Powerminn (USA) Agreement with Coca-Cola Hellenic (Europe)
2009
Commercial operation ‒ São Domingos II (BRA) ‒ Ploiesti Quad-Gen (ROM) ‒ Completion of second boiler
overhaul in Kramatorsk (UKR) Acquisitions ‒ Sochagota interest to 50% (COL)
Development ‒ Kivuwatt PPA and concession
(RWA)
2010 2008 2006
Closing of Maritza acquisition (BUL) Signing of Arrubal acquisition (SPA) Groundbreaking for Asa Branca wind (BRA) Financial close for Kivuwatt (RWA)
2011 2012
2005
Acquisitions ‒ Golf (Senegal) ‒ Bonaire
(Netherlands) Commercial operation ‒ Radzymin (Poland) Financial close for Inka
History and Milestones
In its short history, CG has grown through greenfield and acquisitions and has become an important player in its core markets with a 3000 MW portfolio
Key Milestones
2013
Today, the Company is uniquely positioned to continue its expansion through various ongoing growth projects
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Competitive Advantages
Proven ability to execute transactions quickly and efficiently
Arrubal transaction took less than 2 months from first contact to the signing Speed
Companies largest acquisitions took place in the middle of 2011, one of the most difficult market times
Increased installed capacity by 1.7 GW during this time
Adaptability
Excellent experiences with manufacturers, multilaterals and multinationals referrals from these key groups are large source of new business
Received Euromoney deal of the year award for 3 consecutive years (Togo, Solutions and Kivuwatt) Credibility
Focused on owning and operating; no passive investments Create “synthetic credits” with widespread use of innovative political risk insurance products Operating capabilities allow us to improve plant operation and economic value of the plant first hand through our operating capabilities
Approach or Business Model
Ability to execute on transactions of all sizes in terms of both capacity, cost and location
Ability to develop a greenfield project from inception and acquire large operating facilities of any scale, in any region
Range
We expect core markets to continue to be disrupted in the near future
During this period we plan on continuing to both develop and acquire facilities opportunistically with strict financial discipline
Moving Forward
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(1) OSHA rate is defined as lost time incident / working hours
Demonstrated Operational Excellence
Enhance operational capabilities by improving objective key performance and safety statistics
Main Highlights Operational Key Performance Indicators
Proactive Safety Indicators
Extensive experience operating power plants around the
world
In-house front-end development engineering expertise leading
to minimal schedule delays and costs overruns
Operational expertise translated into consistent improvements
on key performance indicators, increasing availability from
84% in 2009 to 91% in 2012 across the portfolio
Increased performance in terms of preventive safety actions
including significant increases in near-miss reports and
inspections
84% 91%
4% 4%
2009 2012
Availability Equivalent Forced Outage Rate
2,106
8,965
514 231
2009 2012
Safety Inspections Near-miss Reports
SECTION 2
Key Assets Overview
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Closed the acquisition of 73% stake in Maritsa East 3
in Bulgaria from Enel on June 28th, 2011
Closed the acquisition of 100% of Arrubal in Spain
from Gas Natural on July 28th, 2011 Arrubal Power Plant
Europe IPP Overview
Portfolio Footprint
Recent Milestones and Achievements
Maritsa East 3 Power Plant
Arrubal 800MW
Maritsa East 3 908MW Solar 13MW
Kramatorsk 120MW Nogara 9MW
Knockmore Hill 15MW
Ploiesti 6MW
Kiev 6MW Radzymin 6MW
Oricola 3MW
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Sochagota 165MW
Termoemcali 240MW Asa Branca 160MW
Sao Domingos 25MW
Galheiros 12MW
Inka 114MW
South America Overview
Portfolio Footprint
Recent Milestones and Achievements
SD II Power Plant
Galheiros hydro facility reached COD in October 2012, joining the SDII at our Sao Domingos complex
The last wind turbine erected at Asa Branca wind farm in June 2013
‒ The plant enters commercial operations in 2013
In September 2012, ContourGlobal acquired a late stage development wind farm, Project Inka, and placed it into construction
‒ 113 MW of capacity is fully contracted for 20-years
‒ Vestas Corporation provide s a turnkey EPC
‒ The project is expected to reach COD in 2013
Inka entered into financing with COFIDE, Peru’s State Development Bank
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Caribbean Overview
Guadeloupe
Portfolio Footprint
Recent Milestones and Achievements
Bonaire
Closed the acquisition of 100% of Bonaire from
Enercon on May 15th, 2013:
‒ 24MW diesel/wind combined power plant in the
Dutch Caribbean
Assets on St. Martin and Guadeloupe were acquired
in 2011.
St. Martin 14MW
Guadeloupe 21MW
Bonaire 24MW
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Togo 100MW
KivuWatt 26MW
Nigeria 21MW
Golf 52MW
Africa Overview
Portfolio Footprint
Recent Milestones and Achievements
All three CHP facilities for CCH in Nigeria commissioned in 2012
In March 2013 ContourGlobal acquired a 52MW combined cycle power plant in the suburbs of Dakar, Senegal
The plant has been commissioned in 2000 and accounts for about 10% of the installed capacity of Senegal
The KivuWatt facility is due to come online in early 2014
The tri-fuel Togo facility is now fully commissioned for gas
Togo Power Plant
KivuWatt 25MW PLANT/ Gas Extraction Facility Barge
TOGO 100 MW PLANT
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Electricity grid
(1) Nigeria covered under separate PPA with Nigerian Bottling Company (2) Political risk insurance in place
Development of Quad and Tri-Gen plants at Coca Cola Hellenic facilities throughout Western and Eastern Europe, as well as Africa
ContourGlobal builds and operates clean and decentralized facilities and provides energy services, including: − Low-cost steam and hot water − Low-cost electricity − Chilled water − 97% of CO2 emissions from stack exhaust captured and
purified
company
Quad-gen facility (on bottler’s site)
Power
Hot water
Exhaust gas
Hot water
Steam
Carbon Dioxide
Chilled water
Power
Gas
Gas company
CG Solutions Business Overview
Overview CG Solutions technical model
CG Solutions Projects
Photovoltaic
Absorptions Chillers
CO2 capture unit
Waste Heat Recovery
Boilers
Engines
Project Name Gross
Capacity(MW) Status
Knockmore Hill 15.2 In service
Nogara 9.1 In service Ploiesti 6.1 In service
Nigeria (1,2) 21.3 In service
Kiev (2) 6.1 In service
Radzymin 6.1 In service
Oricola 3.1 In service
Total 67.0
SECTION 3
CG Solutions Business Model
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15
Cogeneration Principle – Efficiency Matters
CHP technology is inherently more energy efficient than using separate power and heat generating sources:
Cogeneration
System Fuel
η = 0.80
Electricity
Heat
40 + 40
100
Power Plant Fuel
η = 0.58
Electricity
Boiler Fuel Heat
36 + 80
200
Separate production of electricity and heat
Cogeneration
Confidential
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Confidential
Traditional Energy Supply for Manufacturing Facilities
Electricity Grid
POWER
CHILLED WATER
HOT WATER
Power
Boilers / Burners
Fuel STEAM Fuel
Electrical Chillers
MANUFACTURING PLANT
HOT AIR
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Confidential
Energy Supply After Implementing Quad-Gen
Absorption Chillers
Wasted Heat Recovery
Engines
CO2 Capture Unit
PLANT
POWER
CHILLED WATER
HOT WATER
CARBON DIOXIDE
STEAM
Fuel
Fuel
Electricity Grid
Power
Hot Water
Exhaust Gas
QUAD-GEN FACILITY (on Customer’s Site)
HOT AIR
CO2 Sales
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18
Situations in Which CHP Solutions Work Best
Manufacturing Plant Attributes
Regulatory Factors Market Factors
Concurrent consumptions
of electric & thermal load;
at least 1.0 Mwe
Continuous operations (at
least +5,000 running hours
per year)
Facility has requisite space
ideally in close proximity to
plant
Spark spreads are wide
Unreliable grid
Power supply shortage
Expensive/unreliable CO2 supply
Attractive feed-in tariff
Attractive wholesale tariffs
Incentives for clean power
Clear rules for connecting
to the grid
Confidential
Note that CHPs can also successfully work in frontier countries, where external power markets and regulations are not developed but the customer has acute reliability and
cost saving needs on site. CG Solutions Nigerian CHPs serve as a proof of this.
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19
Quad-Gen Greatly Reduces Energy Usage
Confidential
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CO2 Extraction Plant
Features
Captures CO2 from exhaust gases reducing carbon emissions in line with our client’s goals
Flexible on liquefaction once extraction tower is designed
Tower height of +40m required to ensure capture of CO2 Using MonoEthanolAmine (MEA)
Engines tied in to the exhaust stream and DeNOx unit
Monitoring will be in accordance with our client’s quality requirements
Performance
Designed to meet our client’s quality requirements
CO2 Purity 99.9%, -25 Deg C, 16 bara, gas or liquid phase
Confidential
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ContourGlobal Solutions Capabilities
EVALUATE + DESIGN
FINANCE + CONSTRUCT
OPERATE OPTIMIZE
Reliability
Sustainability
Energy Efficiency
Collaborative Outsourcing
Confidential
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22
Examples of Our Quad-gen Projects & Co - gen
Ploiesti, Romania
Site-specific Factors
6.1 MWe; 6.0 MWth
1.5 ton/hr CO2 unit
COD Oct 2009
30,000 Operating Hours
Market / Regulatory Factors
Regulated tariffs (cost plus
principle)
CO2 sales
Site-specific Factors
6.5 MWe; 31.98 MWth
1.0 ton/hr CO2 unit
COD Jan 2011
15,000 Operating Hours
Market / Regulatory Factors
Capacity payments
Attractive electricity market
CO2 sales
Nogara, Italy
Site-specific Factors
9.1 MWe; 9.0 MWth
1.5 ton/hr CO2 unit
COD Mar 2010
26,000 Operating Hours
Market / Regulatory Factors
White certificates available
(incentive mechanism)
Fixed price off-take
agreement with a private
counterparty
Contracted gas supply
Confidential
Benin , Nigeria
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Up to 15 MW installed on rooftops and ground (4, 2MW for Coca
Cola roof tops)
ContourGlobal develops, finances, installs, owns and operates
Open-book basis
Attractive long-term feed-in tariff
Short implementation period – all installed in 2010
23 Confidential
Solar Installations – Italian Industrial Client
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Quad-Generation Case Study: Ploesti Romania
Two Jenbacher 620 Engines, 3 MW installed electrical capacity each
Two Absorption Chillers, 1 MW installed capacity each
Two Hot water recovery boilers, 1.4 MW installed thermal capacity each
CO2 Unit, 1500 kg CO2 production per hour (captures over 90% of CO2 emissions)
COD- october 2009
24 Confidential
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Confidential
1 • Technical Specifications
2 • Site Visit
3 • Analysis of Load Profile (Peaks, Seasonality)
4 • Market Analysis (Regulation and Grid Pricing)
5 • Equipment Selection
6 • CHP Balance (Chosen Configuration)
7 • Emissions Reductions
8 • Economic Analysis (Profitability)
9 • Energy Supply Agreement
Project development process
SECTION 4
Sustainability
Strictly Confidential
®
The ContourGlobal Way to Sustainability
“At ContourGlobal we are committed to going beyond power and creating long lasting value while improving human conditions, minimizing environmental impacts, and behaving in a transparent manner at all times. Our sustainability strategy is a competitive advantage and our commitment is to our investors, clients, employees, stakeholders, partners, and to the environment.” ~Joseph Brandt, Executive Vice-President and CEO
In October, 2010 ContourGlobal became a signatory to the United Nations Global Compact. We believe the Ten Principles of the Compact align with our core values in the areas of human rights, labor standards, the environment and anti-corruption and we are continuously working to integrate the principles into all businesses within the ContourGlobal portfolio.
The UN Global Compact Principles in Action
Environment Human Rights Labor Anti-Corruption
Principle 3: Worker Representative Elections in Togo
Principle 8: Promoting Environmental Responsibility with Youth in Bulgaria
Principle 1: Building Good Community Relationships in Rwanda
Principle 10: Anti-Corruption Training in Brazil
Strictly Confidential
®
Case Study: Building a Market and School in Togo
In Togo, when we needed to relocate an old community market further from the plant location, we saw an opportunity to improve the market conditions by building a new, more stable structure. The new market, erected on concrete with aluminum roofing, reduces the dust contamination of food sold in the market, shields traders from the sun, and also provides adequate shelter from rain. In Kakome, Togo, children often had to commute long distances in difficult circumstances to get to school because of limited capacity at the school closest to their home. Recognizing this burden, ContourGlobal constructed a new school building in 2009 to serve approximately four hundred students. Since 2009, we have maintained the school and catered to student needs by donating books and supplies. In 2012 we enclosed the recreational area to make it safer for the students and in 2013 we will add another wing to the existing building. Our future plans include installing solar panels at the school to provide electricity, allowing for evening classes and community activities at the school.
Strictly Confidential
®
Case Study: Education in Rwanda
ContourGlobal’s KivuWatt team in Kibuye, Rwanda works closely with the Gasura primary school and other primary and secondary schools in the area. In 2010, we provided two hybrid cows to the primary school to provide milk for the students and teach them about caring for animals. The cows were cleverly named Kivu and Watt and have since given birth to a young female calf. Additionally, we have spent time working with the staff of the school, training teachers on computer software programs using laptops donated by our lender, the African Development Bank. In 2013, we also built a library at the school, stocking it with several hundred books and providing a comfortable reading area for students. Our educational efforts also extended to 10 primary schools and 6 secondary schools when we did a traffic safety campaign, teaching over 7,000 students the importance of road safety and following traffic rules.
Strictly Confidential
®
Case Study: Promoting Environmental Awareness in Nigeria
ContourGlobal Nigeria’s Apapa business hosted an environmental awareness seminar in 2012 for two secondary schools to promote environmental awareness on issues such as carbon emissions, recycling and environmental hazards. The keynote speaker at the event was Mr. Lasisi Adedoyin, Principal Scientific Officer of the Lagos State Ministry of the Environment. Also in 2013 a donation of mosquito nets was donated to the Ajeromi General Hospital Ajegunle Apapa . Other speakers included the principal of the school and our Operations and Site managers. In addition to hosting the seminar, the Apapa team took the next step of providing the students with the tools to be environmentally conscious. We donated recycling bins and cleaning supplies to help the students recycle and keep their schools clean.
Strictly Confidential 31
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Thank You