Mpr Australia Limited · ASX:MPR
Mpr Australia — MPower Group — Investor Presentation (August 2019)
25 slides from Mpr Australia's investor presentation, Aug 30, 2019
Slide 1: Company presentation
For personal use only Company presentation 30 August 2019
Slide 2: Disclaimer
Disclaimer For personal use only The material in this document has been prepared by MPower Group Limited (‘MPower’) and is general background information about MPower’s activities current as at the date of this document. The information is given in summary form and does not purport to be complete. I
Slide 3: Overview
Overview For personal use only A leader in distributed energy and mission critical power systems MPower is a technology-led company with a long history specialising in the delivery of reliable on-grid and off-grid power solutions and innovative products for blue chip corporate and government custome
Slide 4: A compelling opportunity
A compelling opportunity For personal use only Well established High growth Experienced team business market • Proprietary IP • Unstoppable shift to • Regional presence • Unique technical decentralised power • Extensive portfolio of capability • Increasing completed projects • Unrivalled renewables
Slide 5: Where we've come from
Where we’ve come from For personal use only The company began trading on the ASX as MPower Group Limited on 31 January 2019 Prior to that, the company was known as Tag Pacific Limited and was structured as an investment holding company investing in a range of sectors, including the power systems sec
Slide 6: What we do
What we do Stepping up the value chain For personal use only new focus Structured debt/equity solutions for Build Own Power system Operate assets solutions Power system service & maintenance Power system components historical focus MPower Group Limited | Company presentation 6
Slide 7: Power system components
Power system components For personal use only Solar Batteries Emergency Lighting Solar power system components, Premium batteries for a wide range of A full range of emergency and exit including solar panels, power inverters, energy storage applications, including lighting systems sold under the Bar
Slide 8: Power system solutions
Power system solutions For personal use only MPower is an industry leader, providing innovative, reliable power system solutions Design engineering on a national and international level With a track record of successfully delivering power Project management system solutions across various industries
Slide 9: Target opportunities
Target opportunities For personal use only Hybrid off-grid Grid connected High-reliability power systems renewable systems systems MPower Group Limited | Company presentation 9
Slide 10: Target opportunities
Target opportunities For personal use only MPower actively pursues opportunities to provide reliable power solutions for technically complex applications • Critical infrastructure • Blue-chip clients • Engineering value-add • Medium scale ($2m - $20m project value) • Australia, New Zealand and the P
Slide 11: Renewables: Pirie Solar Farm
Renewables Pirie Solar Farm For personal use only Description Design and construct commercial scale grid-connected solar power farm Size $8.7 million | 6.1MWDC solar farm Location Pirie, South Australia Client Renew Power Group Date Awarded November 2018 Features Single axis tracking system MPower G
Slide 12: Battery energy storage systems: Cook Islands
Battery energy storage systems Cook Islands For personal use only Description Design and construct commercial scale grid-connected battery energy storage system Size $4 million | 5.6 MWh battery energy storage system Location Cook Islands Client Local power utility Date Awarded June 2017 Features Pr
Slide 13: Battery energy storage systems: Endeavour Energy
Battery energy storage systems Endeavour Energy For personal use only Description Design and construct utility scale grid-connected battery energy storage system Size $1.5 million | 1 MW / 1.5 MWh battery energy storage system Location Illawarra Region, New South Wales Client Endeavour Energy Date A
Slide 14: High-reliability power systems: Kogan Creek
High-reliability power systems Kogan Creek – Standalone Power Plant For personal use only Description Design and construct a standalone power plant for Kogan Creek Power Station - Australia’s largest single generating unit (750MW) Size $4.1 million | 6 MVA Client CS Energy (Queensland) Date Awarded
Slide 15: Structured debt / equity solutions
Structured debt / equity solutions For personal use only MPower is seeking to originate debt / equity solutions that leverage our inhouse financing experience The benefits of MPower’s Build Own Operate strategy include: • Ability to obtain a carried interest / development margin • Integrated end-to-
Slide 16: Structured debt / equity solutions
Structured debt / equity solutions Indicative Build Own Operate structure For personal use only Carried interest or development margin in return for project origination Off-take strategy Project SPV Investor Design & Asset Operations & construction management maintenance MPower Group Limited | Compa
Slide 17: People
People For personal use only MPower is governed by Nathan Wise an experienced board Chief Executive Officer and employs 100 Neil Langridge talented people across Interim Chief Financial Officer Australia and Zealand Ryan Scott with deep expertise in the General Manager – MPower Projects design, cons
Slide 18: Market opportunity
Market opportunity Behind the meter generation – Australia For personal use only Behind the meter generation is reaching a tipping point as solar and energy storage overtake other forms of generation Graph source: Bloomberg New Energy Finance MPower Group Limited | Company presentation 18
Slide 19: Recent milestone achievements
Recent milestone achievements For personal use only Endeavour $8M+ Port Pirie Refocus of Energy BESS Solar Farm Rights issue activities post underway contracted closes name change CY2018 H1 CY2019 $3M+ Kogan Change of $1M share Creek project name on ASX to placement contracted MPower MPower Group Li
Slide 20: Revenue model
Revenue model For personal use only Power system Service & Power system Structured debt/ components maintenance solutions equity solutions Revenue from sale of Revenue from design & Ongoing yield from Recurring revenue from components and construct power system carried interest or >200 contracts (cu
Slide 21: Other financial assets
Other financial assets For personal use only Tax and other assets $31+ million historical revenue tax losses $14+ million historical capital tax losses $7+ million available franking credits $0.44 million net equity in Melbourne property (at current book value) MPower Group Limited | Company present
Slide 22: Growth journey
Growth journey For personal use only Building Extracting Building Benefits of capability synergies development scale value Value Phase 1 Phase 2 Phase 3 Phase 4 We are here MPower Group Limited | Company presentation 22
Slide 23: Corporate information
For personal use only Corporate information
Slide 24: Corporate information
Corporate information For personal use only Board Capital structure Peter Wise Chairman ASX code MPR Nathan Wise Chief Executive Officer & Managing Director Shares on issue 158.8 million Robert Moran Non-executive Director Market cap $8.3 million at last capital raising price (5.2cps) Gary Cohen Non
Slide 25: MPower Group Limited
For personal use only MPower Group Limited Level 32 Australia Square 264 George Street, Sydney NSW 2000 (02) 8275 6000 [email protected]