Crown Energy Ab · NGM:CRWN
Crown Energy Ab — Shareholder Meeting (May 2018)
50 slides from Crown Energy Ab's shareholder meeting presentation, May 17, 2018
Slide 1: Bringing New Spirit to Energy
BRINGING NEW SPIRIT TO ENERGY CROWN ENERGY AB (publ) Welcome to AGM 17 May 2018
Slide 2: Förslag till dagordning
Förslag till dagordning 1. Stämmans öppnande och val av ordförande vid stämman. 2. Utseende av protokollförare. 3. Upprättande och godkännande av röstlängd. 4. Godkännande av dagordning. 5. Val av en eller två justeringsmän. 6. Prövning av om stämman blivit behörigen sammankallad. 7. Föredragning av
Slide 3: Punkt 7, Föredragning
PUNKT 7, Föredragning
Slide 4: Crown Energy in Short
CROWN ENERGY IN SHORT An international group providing customised solutions for housing, offices and associated services, as well as oil and gas exploration in Africa and the Middle East. Two business areas: Asset Development and Management, and Energy The Company creates value by offering internati
Slide 5: Objective and Strategies
OBJECTIVE AND STRATEGIES OBJECTIVES STRATEGY To generate the highest possible return Establish service operations in more markets for shareholders with a balanced risk Select exploration areas where the chance of oil awareness. and gas discoveries is high To have an established service business Expl
Slide 6: Two Business Areas
TWO BUSINESS AREAS ASSET DEVELOPMENT & ENERGY MANAGEMENT Crown Energy provides customised residential Crown Energy develops and explores oil and office solutions and associated services to assets in early stages with great potential for international companies. Our offering spans recoverable reserve
Slide 7: Company Structure
COMPANY STRUCTURE Crown Energy AB (publ) ASSET DEVELOPMENT AND MANAGEMENT Eiaey 100% 100% Crown Energy AB Crown Energy Eel panpests Ventures Corporation Iraq AB Amicoh YBE Imobiliaria Lda Resources Ltd Simbo Petroleum ESI East Africa Ltd No.2 Ltd
Slide 8: Business Area Asset Development & Management
BUSINESS AREA ASSET DEVELOPMENT & MANAGEMENT Yoav Ben-Eli As part of the Crown Energy 360 approach, we provide world-class, tailor-made corporate accommodation and office services, as well as post-development property management and ancillary services, to multinational companies, the oil and gas ind
Slide 9: Business Model
BUSINESS MODEL IDENTIFY FIND SUITABLE CONSTRUCTION OF MANAGEMENT AND CUSTOMER NEEDS LAND AND PROPERTY PROPERTY VALUE-ADDED SERVICES Secure contracts with customers and project financing
Slide 10: Customised Solutions
CUSTOMISED SOLUTIONS RAPID DEPLOYMENT LONG-TERM CAMPS PROPERTY ASSETS Project period: 2-5 years Project period: 5-25 years Location: Remote/difficult to Location: Urban access environment Project type: Module Project type: Residential solutions/temporary and office solutions residential solutions
Slide 11: Our Mission
OUR MISSION To provide impeccable international standards and holistic solutions in remote and challenging locations
Slide 12: Trust. Our Most Valuable Resource.
TRUST. OUR MOST VALUABLE RESOURCE. From beginning to end, we give clients the peace of mind that they are looking for, ensuring we are always just a phone call away from impeccable service.
Slide 13: International Standard Accommodation
INTERNATIONAL Our services include: STANDARD Fully equipped and furnished accommodations ACCOMMODATION Fully equipped, furnished common areas AND ANCILLARY (lobbies, gym, offices, green areas, parking etc) SERVICES On-site team – servicing all tenants 24/7 support line and emergency assistance Cater
Slide 14: International Standard Asset Management
INTERNATIONAL STANDARD ASSET MANAGEMENT No matter how remote, we provide everything our clients need to enjoy seamless, high-quality living. We provide: General property maintenance Basic utilities – electricity, water and server systems Electro-mechanic maintenance – elevators, generators, pumps, w
Slide 15: Asset Development and Management Case – Anabela, Angola
ASSET DEVELOPMENT AND MANAGEMENT CASE – ANABELA, ANGOLA Property is located in central Luanda, near American Embassy Full managed project including service since project construction (2007) Loyal client relations, high occupancy and low maintainance costs Largest clients; Swedish, Norwegian and Isra
Slide 16: Asset Development and Management Case – New Business
ASSET DEVELOPMENT AND MANAGEMENT CASE – NEW BUSINESS Example project Example of how a new potential project is presented to a client after an initial needs analysis. Created in collaboration with our strategic partner Proger
Slide 17: All-Inclusive Annual Bill
ALL-INCLUSIVE ANNUAL BILL Crown Energy makes the full CAPEX – our clients only have OPEX We save managament time for our clients using a unique single annual bill The bill include all the services provided: rent, asset management, maintenance, security, utilities and catering, cleaning, telecoms, la
Slide 18: Work Leisure
WORK LEISURE No matter how remote, we believe impeccable Western Standards should follow you wherever you go
Slide 19: AM PM
There for you when you begin, there for you when you come back AM PM We provide impeccable Western standards and holistic solutions in remote and challenging locations
Slide 20: The further your exploration takes you, the further we'll go
The further your exploration takes you, the further we'll go to make you feel at home.
Slide 21: Our Clients
OUR CLIENTS Our clients include: multinational oil and gas companies and service companies, NGO's, diplomatic delegations and consulates as well as other international corporate companies with different nationalities
Slide 22: Global Presence with Partners
GLOBAL PRESENCE WITH PARTNERS ROMANIA RUSSIA Crown Energy and Proger SWEDEN UKRAINE TURKMENISTAN LONDON have agreed to work together SERBIA BULGARIA TURKMENISTAN to seek and identify commercial TURKEY projects, where each company's ALGERIA EGYPT UNITED ARAB EMIRATES competencies complement each SAUD
Slide 23: Current Project Portfolio
CURRENT PROJECT PORTFOLIO Location: Luanda, Angola
Slide 24: Financing of New Projects
FINANCING OF NEW PROJECTS Crown Energy is preparing for different alternative financing of new projects depending of type of project and project duration: Rapid deployment camps Own cash-flow Joint-financing with parters Long-term property assets Corporate bonds Bank loans The Group is today debt fr
Slide 25: How to Create Value Growth
HOW TO CREATE VALUE GROWTH High scenario Asset value Adding new projects, renew contracts, find Investment property Low new tenants and increase sales of service scenario to create value growth and future income Example – a long-term property project: Investment per project: 618 MSEK approx. 260 MSE
Slide 26: Business Area Energy
BUSINESS AREA ENERGY The Energy business area focuses on exploration opportunities with high potential for recoverable reserves. Crown Energy seeks good risk diversification, both geographical and geological, and pursues farm-out opportunities as exit strategies to capitalise on its assets.
Slide 27: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY We believe that successful We operate: businesses have an obligation to Responsible business practices that empower give back to the communities in local communities including having a majority of which they are active. women in local management positions Tailored soc
Slide 28: HSE Security
HSE SECURITY We are committed to pursuing the goal of "no harm to people and environment" using material and energy efficiently to provide our services. We play a leading role in promoting best practice in our industries and promote a culture in which all our employees share this commitment. Our ope
Slide 29: Significant Events in 2017 and 2018
SIGNIFICANT EVENTS IN 2017 AND 2018 Q1 363,401,823 newly issued C shares were transferred to YBE Ventures Ltd, controlled by Yoav Ben-Eli Q2 Profitable sale of parts of property in Angola to repay all external loans Signing of consultancy agreement with Proger regarding exploration assets in Iraq Ac
Slide 30: Going Ahead
GOING AHEAD To do-list for 2018-2019 Continue the launch of our Asset Development and Management concept Increase the pipeline of potential projects Secure at a minimum 1-3 new projects by signing of contracts Increase rental rate and sales of services in current portfolio Continue searching for a p
Slide 31: Händelser under räkenskapsåret
HÄNDELSER UNDER RÄKENSKAPSÅRET Q1 I februari 2017 överfördes 363 401 823 nyemitterade C-aktier (och röster) till YBE Ventures som kontrolleras av Yoav Ben-Eli. Den 13 april 2017 meddelades försäljning av delar av en fastighet i Angola. Försäljningen innebar att ESI Group S.A. kunde Q2 återbetala sam
Slide 32: Koncernens resultaträkning
KONCERNENS RESULTATRÄKNING
Slide 33: Koncernens balansräkning
TILLGANGAR ‘Aniaeesvesatgnear Ferainingsfastihetr Iveta, vere och stator KONCERNENS Sutter Prospektoings-cch uvardornestgangat BALANSRAKNING == ‘Sumana antaggningstmizangar Omsarmangstiignenr Kurcforsingar Ova torrirgar Feruttetaldakastnador och unplupnaIniakter unui eos ‘Summa omsattningstilgangar
Slide 34: Moderbolagets resultaträkning
MODERBOLAGETS RESULTATRÄKNING
Slide 35: Moderbolagets balansräkning
MODERBOLAGETS BALANSRÄKNING
Slide 36: Crown Energy-aktien
CROWN ENERGY-AKTIEN AKTIER RÖSTER HANDELSPLATS Samtliga Bolagets totalt 477 315 350 utgivna aktier, uteslutande stamaktier, handlas på NGM Equity under kortnamnet CRWN med ISIN-kod SE0004210854. AKTIEBASERADE INCITAMENTSPROGRAM OCH UTSTÄLLDA WARRANTER Bolaget har inget upprättat incitamentsprogram,
Slide 37: Händelser efter periodens utgång
HÄNDELSER EFTER PERIODENS UTGÅNG FÖRLÄNGNING AV OFFSHORE-LICENS BLOCK 2B I SYDAFRIKA Den 26 februari 2018 offentliggjorde Crown Energy att sydafrikanska myndigheter godkänt ansökan att gå in i nästa tvååriga prospekteringsfas avseende Block 2B i Sydafrika. Den nya fasen sträcker sig således till feb
Slide 38: Crown Energy Årsstämma 17 maj 2018
www.pwc.se Crown Energy Årsstämma 17 maj 2018 Bo Lagerström Huvudansvarig revisor
Slide 39: Revisionens syfte och omfattning
Revisionens syfte och omfattning Årsbokslut och • Granska och uttala oss om Crown Q4 årsredovisning Early warning Ersättningar Energys redovisning och befattningshavare förvaltning Review Q3 Q1 Årsstämma • Revisionen följer Crown Energys Intern kontroll, förvaltning struktur och organisation Planeri
Slide 40: Revisorns oberoende
Revisorns oberoende Utförda tjänster utöver lagstadgad revision omfattar: PwC (msek) 2017 2016 • Granskning av kvartalsrapport Revisionsuppdrag 1 095 718 • Lagstadgade uppdrag utöver den finansiella revisionen Övriga lagstadgade uppdrag 764 12 • Rådgivning avs. efterlevnad av Skatterådgivning 69 - l
Slide 41: Rapportering till revisionsutskottet och styrelsen
Rapportering till revisionsutskottet och styrelsen December (MSEK) Diskussions- Område Risk 2017 2016 områden Prospekterings- och Ej Årlig prövning 188,9 Värdering utvärderingstillgångar tillämpligt av värdet Förvaltningsfastigheter 618,3 631,2 Prövning av värdet Värdering PwC 41
Slide 42: Revisionsberättelse 2017 – våra uttalanden
Revisionsberättelse 2017 – våra uttalanden PwC 42
Slide 43: Revisionsberättelse 2017 – våra uttalanden
Revisionsberättelse 2017 – våra uttalanden Vi tillstyrker att årsstämman fastställer resultat- och Vibalansräkningarna tillstyrker att årsstämman fastställeroch för moderbolaget resultat- och koncernen PwC balansräkningarna för moderbolaget och koncernen 43
Slide 44: Yttrande om bolagsstyrningsrapporten 2017
Yttrande om bolagsstyrningsrapporten 2017 PwC 44
Slide 45: Punkt 8, Beslut
PUNKT 8, Beslut
Slide 46: Punkt 8, beslut
PUNKT 8, beslut a) om fastställelse av resultaträkningen och balansräkningen samt koncernresultaträkningen och koncernbalansräkningen; b) om dispositioner beträffande Bolagets vinst eller förlust enligt den fastställda balansräkningen; och FÖRSLAG TILL VINSTDISPOSITION Till årsstämmans förfogande st
Slide 47: Punkterna 9-12, styrelse, revisorer och riktlinjer
PUNKTERNA 9-12, styrelse, revisorer och riktlinjer 9. Bestämmande av antalet styrelseledamöter och styrelsesuppleanter samt revisorer 10. Fastställande av styrelse- och revisorsarvoden 11. Val av styrelseledamöter, eventuella styrelsesuppleanter och styrelseordförande samt revisorer 12. Beslut om ri
Slide 48: Punkt 13, beslut
PUNKT 13, beslut Beslut om ändring av bolagsordningen Styrelsen för Bolaget föreslår att årsstämman ska besluta att ändra bolagsordningen i Bolaget enligt följande: Det föreslås att C-aktier inte längre ska kunna ges ut i Bolaget. Följande bestämmelser påverkas av förslaget: § 6 Aktieslag, § 7 Omvan
Slide 49: Punkt 13, Stämmans avslutande
PUNKT 13, Stämmans avslutande
Slide 50: We are looking forward to working with you.
Please contact us at We are looking forward Norrlandsgatan 18, 111 43 Stockholm, to working with you. Sweden T. +46 8 40020720 | F. +46 8 40020725 [email protected]