170 likes | 288 Views
Alkane Energy Oilbarrel Conference April 2009. Background on Alkane Energy. Coal mine methane 8 operating sites 20MW capacity Licenced reserves Project pipeline. Operations. 90,111 MWh up 13% Gas sales 3.7M therms (2007: 4.3M) 20MW of capacity (2007:18.5MW) Engine utilisation +80%
E N D
Background on Alkane Energy • Coal mine methane • 8 operating sites • 20MW capacity • Licenced reserves • Project pipeline
Operations • 90,111 MWh up 13% • Gas sales 3.7M therms (2007: 4.3M) • 20MW of capacity (2007:18.5MW) • Engine utilisation +80% • Project pipeline to target 50 MWs
Management Structure Neil O’Brien CEO Steve Goalby Finance Director David Oldham Technical Director Dr Cameron Davies Business Development Director
Strategy • Pro2 Sale raising €7.6M • Capital rationing forced on CMM • Better paybacks and returns in the CMM Business • Alkane CMM Portfolio : Aim to be No.1 in UK Installed Capacity • Rapid payback, lowest cost producers • Target 50 MW of capacity in the medium term through organic growth
Strategy • Asset Purchases? • Match to core skills • Complimentary markets • Comparable financial returns with organic expansion • Renewable Research • Broad perspective • Match with Alkane’s skills • Proven technology • Long term research
KPIs Record Output
Electricity We are set for record prices in 2009
Realising the Potential • Post 13thLicencing Round : 644km2 of reserves • 3P Reserves estimated at 4,408 M m3 • Two new sites under construction • CBM assets under investigation Reserve reports underpin 50MW target
Investment Case • Proven technology • Proven business model: Revenue CAGR 65% • Proven cash flow: EBITDA at 50% of revenue • Robust Energy prices in 2009 • Alkane’s growth strategy backed up by cash reserves • Target to reach 50MW of capacity organically • Considering asset purchases • Researching renewables