DELIVERING CLEAN ENERGY TO ASIA PRESERVING THE ENVIRONMENT ENERGY WORLD CORPORATION Presentation to Shareholders Annual General Meeting 27 October 2011
Disclaimer These materials have been prepared by Energy World Corporation Limited (the "Company") solely for information use during this presentation. These materials may not be copied, reproduced, passed on or redistributed, directly or indirectly, to any other person (whether within or outside your organization/firm) or published, in whole or in part, for any purpose The information contained in these materials has not been independently verified. These materials have been prepared without taking into account the recipient s investment objectives, financial situation or particular needs. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company's financial or trading position or prospects. The information and opinions in these materials are provided as at the date of this presentation and are subject to change without notice and will not be updated to reflect material developments which may occur after the date of this presentation. None of the Company, nor any of their respective affiliates, nor any of their respective directors, officers, agents, employees, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of these materials or their contents or otherwise arising in connection with these materials. These materials contain statements that reflect the Company's current beliefs and expectations about the future as of the respective dates indicated herein. These forward-looking statements are based on a number of assumptions about the Company's operations and factors beyond the Company's control and are subject to significant risks and uncertainties, and, accordingly, actual results may differ materially from these forward-looking statements. In furnishing these materials, the Company undertakes no obligation to provide the recipient with access to any additional information. The Company reserves the right, without giving reasons, at any time to revise, supplement or withdraw these materials provided to the recipient and to terminate discussions with any or all of the recipients. These materials do not constitute and should not be construed as an offer to sell or issue or an invitation or solicitation of an offer to purchase or subscribe for any securities of the Company in any jurisdiction or an inducement to enter into investment activity. No part of these materials, nor the fact of their distribution, shall form the basis of or be relied upon in connection with any contract, commitment or investment decision whatsoever.
Introduction - Asia s Appetite for Energy kwh 0 2000 4000 6000 8000 10000 12000 14000 16000 United States: Australia: New Zealand: Singapore: Japan: South Korea: Germany: United Kingdom: Hong Kong: Russia: Malta: Malaysia: Thailand: China: North Korea: Philippines: Vietnam: Indonesia: India: Papua New Guinea: Pakistan: Sri Lanka: Bangldesh: Myanmar: 1865 1585 827 597 501 478 457 446 425 344 140 104 3166 8937 8170 8072 7391 7029 6206 5699 5642 4797 Chart showing kilowatt hour consumption per capita. Source data: NationMaster Energy Statistics 11193 13351 Energy World Corporation has always positioned itself to take advantage of Asia s appetite for energy. There is a strong link between the consumption of electricity (kwh per capita) and the development level and quality of life of a country. Energy World Corporation is working to provide energy to Asian countries by developing standard modular LNG production trains and by investing in LNG receiving terminals and Gas fired power generation.
Business Opportunity - LNG
Project Development Requirement HARDWARE Processing Engineering Equipment Design Civil Engineering Land Acquisition E.P.C. Contractor SOFTWARE Permits Environmental Cultural Heritage Local Community Welfare Contribution to Local Community FINANCING Equity Debt Project Finance Capital Markets
s Hong Kong Office
Indonesia - Operations & Projects Update ENERGY WORLD GROUP
Indonesia Power Operations - Update Indonesia 195 MW Plant 195 MW Plant is fully operational 91.1% Plant availability: exceeding PPA targets Plant Output of 1,458 GWh in FY2011 Switch Yard 135 MW Combined Cycle Plant
Indonesia Power Operations - Update Indonesia 60 MW Gas Turbine (part of 195 MW plant) Fully operational 60 MW Gas Turbine and original 135 MW plant operated without any unplanned interruptions in FY2011. 135 MW Combined Cycle Plant 60 MW Gas Turbine
Indonesia Power Operations - Update Indonesia 120 MW Expansion Amendment to PPA signed on 12 Nov 2010. Formal approval from the Minister of Energy received on 31 Dec 2010 for the tariff contained in the PPA. Fully financed with a Project Finance debt package agreed in June 2011 with funding provided by Standard Chartered Bank, Mizuho Bank, Natixis, Sumitomo Mitsui, OCBC. 60 MW Gas Turbine Site for 120MW Expansion
Indonesia - 120 MW Expansion, US$200M Project Finance Package Gas Field Development, US$88M Finance Package Mr. Stewart Elliott and Mr. Brian Allen signing the Project Finance package with Standard Chartered Bank Mr. Stewart Elliott and Mr. Brian Allen with Mizuho Bank
Indonesia Gas Operations - Update Indonesia Sengkang Gas Operations Gas plant fully operational. Sengkang Further Plan of Development to provide gas for 120 MW expansion from Kampung Baru gasfield was agreed on 16 Nov 2010. EEES nominated as supplier by BPMIGAS to PLN. POD to develop Walanga, Sampi Sampi and Bonge (WASAMBO) gas fields approved by BPMigas 14 June 2011 Kampung Baru Gas Plant
Indonesia LNG Project - Update Indonesia LNG Project Update Main Equipment currently being shipped, expected production in 2013 Site preparation works underway Zeus Conference Members viewing s cold boxes at Chart s workshop in Sept 2011 Zeus Conference Members at Chart s workshop in Sept 2011
Indonesia LNG Project Update Four of s 0.5 MTPA cold boxes ready to be shipped Mr. Stewart Elliott with transporters to be used for transporting cold boxes at Chart s workshop in Sept 2011 Siemens Compressors
Indonesia LNG Project Update Slipform Equipment Slipform equipment manufactured and ready for use
Indonesia Sengkang LNG Project Mr. Brian Allen overseeing the payment for the land Mr. Brian Allen and Mr. Stewart Elliott meeting with Vice President Jusuf Kalla to discuss the project
Indonesia Sengkang LNG Project Mr. Brian Allen with South Sulawesi Governor Syahrul Yasin Limpo at the ground-breaking ceremony for the Sengkang LNG Project in October 2011
MOU signed for East Java LNG Receiving Terminal In October 2011, signed a Memorandum of Understanding with the Provincial Government of East Java to develop and construct an LNG Import Receiving Terminal East Java currently lacks a gas supply of around 3 MTPA to satisfy 332 local companies Phase 1 is expected to process 3 MTPA Phase 2 will include a gas fired power station and further expansion of the LNG Import Terminal facilities
East Java LNG Receiving Terminal Mr. Stewart Elliott meeting with East Java Governor Soekarwo Mr. Stewart Elliott signing the MOU with East Java Governor Soekarwo
East Java LNG Receiving Terminal Mr. Stewart Elliott exchanging the signed MOU with East Java Governor Soekarwo Mr. Stewart Elliott with East Java Governor Soekarwo
East Java LNG Receiving Terminal Mr. Brian Allen and Mr. Stewart Elliott meeting with the local Bupati to discuss the land for the project The proposed site for the East Java LNG receiving terminal
Australia Power Operations and LNG Projects Update A U S T R A L I A
Australia Power Operations - Update Australia Power operations update Plant fully operational Availability factor for Alice Springs Power Plant was 79% for FY2011 44.69 GWh sold in the year Discussions commenced with NT PWC to extend PPA beyond 2016 and install extra capacity Alice Springs Power Plant
Gilmore LNG Project 56,000 TPA Project Equipment shipped ETA 4 November 2011. Further development of gas fields planned. s Gilmore LNG Cold-Box being transported for shipment s Gilmore LNG Cold-Box being loaded onto a cargo ship in the US bound for Australia
LNG Filling Stations
Australia Cultural Heritage Mr. Elliott meeting with local community in Queensland Brewing the billy The software part of our projects is more important than solving all the hardware and technical issues. If there is no site, and no good will, there is no project.
Abbot Point LNG Project Queensland Government issued report in May 2011 re-confirming Abbot Point as a preferred location for an LNG plant Contracts being finalised with the Queensland Government regarding land for the LNG plant Land area suitable for LNG Liquifaction Facility and Export Terminal with capacity up to 10 MTPA Abbot Point Eromanga Gilmore Australia
Australia Abbot Point LNG Plant & Power Station Proposed LNG Jetty Water Depth 13 M+ Abbot Point LNG Facility Proposed LNG Plant QUEENSLAND Proposed Queensland Gas Highway Galilee Basin Proposed Power Station Gilmore
Philippines LNG hub terminal update
His Excellency Benigno S. Aquino III, President of the Republic of the Philippines Meeting with Stewart Elliott and Brian Allen of Energy World Group Brian Allen Executive Director Energy World Group Stewart W. G. Elliott Chairman, M.D. & C.E.O. Energy World Group His Excellency Benigno S. Aquino III President of the Republic of the Philippines His Excellency Benigno S. Aquino III meeting Mr. Stewart Elliott and Mr. Brian Allen on 31 August 2011 in Beijing to offer his full support for the development of the LNG Hub Terminal and Power Station His Excellency Benigno S. Aquino III witnessing Mr. Elliott signing the Board of Investments Agreement for the LNG Hub Terminal and Power Station to be built at Pagbilao in the Philippines
Philippines LNG hub terminal update The Philippines first permit for the development, construction and operation of an LNG Hub Terminal and Re-gasification Facility awarded by the Department of Energy to in Jan 2011 Site works commenced on land Mr. Stewart Elliott with local staff on site Site works in progress
Philippines LNG hub terminal, Site Works
The Philippines - LNG Hub Terminal and Power Station 2 x 150 MW Combined Cycle Power Station General Arrangement (The Power Station will use natural gas as fuel source)
Papua New Guinea LNG project update
Papua New Guinea LNG project update Shareholders Agreement and Project Funding & Construction Agreement signed in Feb 2011 for 3MTPA (2+1) Currently working towards Final Investment decision by 31 Dec 2011 s CEO Stewart Elliott and Henry Aldorf of InterOil Stewart Elliott meeting with the local community in PNG
New Substantial Shareholders In July 2011, Orchid Fund Pte Limited, a Richard Chandler Corporation company became a 14.9% shareholder in In October 2011, Capital Group Companies Inc. passed the 5% threshold to become a substantial shareholder in
SEHK Listing SEHK Listing and De-listing from NZX Currently working towards a listing on the Main Board of the Hong Kong Stock Exchange. HSBC is working with our other sponsors (CLSA, Standard Chartered, etc) to achieve a successful listing. In Oct 2011, we de-listed from the New Zealand Stock Exchange.
ENERGY WORLD CORPORATION LIMITED 9A Seaforth Crescent, Seaforth, NSW 2092, Australia Tel : (61 2) 9247 6888 Fax : (61 2) 9247 6100 27 October, 2011