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Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with...

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Page 1: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite
Page 2: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

Industry Overview

Challenge of 21st century will be to changethe energy supply structure

• To protect our environment and the climate• Reduce our dependence on energy imports• Stabilize energy prices

Key task is tosustainably transform our energy system

• Reduce energy consumption• Increase energy efficiency• Use more renewable energy sources

Page 3: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

• We fight for responsible energy solutions

• We promote renewable energy technologies to improve social and ecological outcomes

• We provide:

Mission Statement

for the 21st centuryEnergy Solutions

Page 4: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

CBD Structure

Page 5: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

Hon Mark Vaile

Mr Vaile was Deputy Prime Minister of Australia from June 2005 to November 2007. He was elected to the Australian Parliament in 1993 and resigned in July 2008. Mark was Minister for Trade from July 1999 to September 2006 and was responsible for negotiating Australia’s free trade agreements (FTA) with the United States, Singapore, Thailand and initiating the FTA with China. He has held the ministerial portfolios of Transport and Regional Development (twice) and Agriculture, Fisheries and Forestry. Mr Vaile was elected leader of the National Party in June 2005.

Mark is the Chairman of Aston Resources, Chairman of the Advisory Board of Pallisade Regional Infrastructure Fund, Director of Virgin Airlines, Director of the Advisory Board of Rabo Bank and Director of Stamford Land Holdings Limited.

The CBD Board

Page 6: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

The CBD Board

Gerry McGowan

Mr McGowan is a former executive of TNT and Mayne Nickless. He formed Impulse Transport Group in 1982 having won a contract with John Fairfax to distribute their products around Australia. Gerry acquired Travcour, a specialised travel industry courier in 1985, which he subsequently sold to Mayne Nickless in 1988. In 1992, he formed Impulse Airlines having bought a failed regional carrier from its administrators.

Impulse grew to become the largest privately owned regional carrier in Australia. In 2000 Impulse became Australia’s third airline when it launched jet services between Sydney, Melbourne and Brisbane. Impulse employed approximately 2500 staff.

Page 7: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

The CBD Board

Gerry McGowan

Qantas purchased Impulse in 2001 and subsequently relaunched the airline as Jetstar. Currently Gerry is Managing Director of CBD Energy. He has been involved in the company for four and a half years, initially as a Non-Executive Chairman. He became an executive in 2006 and led a restructure and turn around of the Group. He is also Executive Chairman of TRW Holdings Pty Limited, an investment company with exposure to the energy, primary production and aviation industries.

Page 8: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

The CBD Board

James Anderson

Mr Anderson has had a long and extensive career in chartered accounting, investment banking and funds management. James spent many years working for Ernst & Young in the U.S.A. and London.

He has held senior executive positions in structured finance with a number of investment banks, including Security Pacific Australia Ltd and Kleinwort Benson Australia Ltd, and was also a member of the Council of University of New South Wales.

More recently James has operated a boutique funds management business, A&T First 200 Fund.

He holds a B.Comm Hons, M. Comm and C.A.

Page 9: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

The CBD Board

Todd Barlow

Mr Barlow is currently the Managing Director of Pitt Capital Partners. Todd has extensive experience in corporate finance, including: mergers and acquisitions, corporate investing, financial structuring, and capital raisings.

Todd is a qualified lawyer and has previously worked as a corporate lawyer in a major Australian law firm.

During his career, Todd has worked in Hong Kong and Sydney and advised local and international companies on transactions totaling more than $10 billion.

He holds a LLB (Hons) and a B.Bus

Page 10: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

Remote Area Power Systems

Market Sectors:• Mining• Remote communities• Telecommunications• Islands• All off-grid markets

Page 11: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

Hydro Tasmania

• Australia’s leading renewable energy business

• 50% of Australia’s renewable electricity

• Workforce of about 820 people

• Generating capacity of 2,615 MW

• Assets worth about $3.4 billion

Hydro Tasmania has a 100-year history in power engineering, dam construction and new renewable energy generation projects in wind farms and mini-hydro.

In addition it owns the King Island Huxley Hill Wind Farm and two diesel power stations on King and Flinders Islands in Bass Strait with further wind farm interests in Tasmania.

Hydro Tasmania is a Government Business Enterprise, owned by the State of Tasmania.

Page 12: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

King Island Project

Base case

Page 13: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

King Island Project

Page 14: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

eco‐Kinetics

eco-Kinetics:

• One of Australia's largest installers of solar PV systems

• Purchased in January 2010

• Increased revenue from $28.4 FY2010 to $60.4 6 months to December 2011

• Established wholesale business

• Developed first large scale solar project in Thailand - 8 MW / US$21M

• Developed a pipeline of international projects valued at $3.5b

• Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei

• Will produce around 60MW annually

• Strong demand for solar in spite of changing Government policy

Page 15: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

Parmac

Parmac Pty. Ltd. is a wholly owned CBD subsidiary based in Melbourne and was established in 1994. The company provides engineering HVAC (Heating Ventilation & Air Conditioning) systems.

Parmac specializes in:

• Green Fields Projects

• Institutional Projects

• Office Tenancy Refurbishments

• Dedicated Computer Room

• Industrial Air Conditioning

• In house Design of Systems

• Design Checking

• Consulting Engineering

• Project Management

Page 16: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

CapTech

Capacitor Technologies (CapTech) is a wholly owned CBD subsidiary based in Melbourne and was established in 1990.

• Power factor correction reduces carbon emissions

• Increase efficiency of power consumed

• Reduces peak load spikes

• Manufacturer of solar inverters

Page 17: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

AusChina

63.75% 23.75% 12.5%

Page 18: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

AusChina Energy Group

• Australia’s newest Energy Group

• Amalgamation of two of China’s largest energy companies with CBD Energy who will drive the Australian energy market in to the 21st century

• Develop one third of renewable projects constructed in Australia.

• Will develop a portfolio of international assets from its Australian base

• Aim is to develop around 3,000MW of renewable assets over 6 years.

• Approximately $6 billion in project value.

• Will look to IPO around 2014, expecting to have a portfolio of 1500MW worth around $3b

AusChina

Page 19: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

AusChina Energy Group

• Will deliver cheaper cost base with Chinese manufactured turbines, solar modules and electrical equipment.

• Utilisation of shareholders buying power and access to banking facilities.

• AusChina Energy is the first initiative in renewable energy outside China by Datang Renewable and Tianwei Baobian.

• Datang Renewable and Tianwei Baobian are subsidiaries of companies ranked in the Fortune Global 500.

AusChina

Page 20: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

Snapshot

Shares on issue: 453,336,666ASX Code: CBDLast share price: $0.1412 Month High: $0.2012 Month Low: $0.096Market Cap: $63.42MEmployees: Approximately 300

Page 21: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

Top Shareholders

16.66% Solon AG

15.95% Hunter Hall

8.69% Washington H Soul Pattinson

5.09% Souls Private Equity Limited

5.0% TRW Holdings Pty Limited

Page 22: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

2011 Highlights

• Commissioning of Chatham Island wind farm

• Commencement of King Island project

• Establishment of solar PV assembly joint venture with Tianwei

• Growth of our China office activities

• Establishment of European office

• Commissioning of Thailand 8MW solar park

• Establishment of AusChina Energy Group

• Restructuring of Eco-kinetics to enable future growth

• Establishment and growth of Eco-kinetics International pipe-line

Page 23: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

Key Conclusions

• Key relationships have been established to enable CBD to become a major player in Australia’s energy market.

• Business focus and basis for growth is clear.

• AusChina is established and ready to become a major force in the Australian clean energy market.

• Vertically integrated solar business established with Australian manufactured solar modules and inverters.

• Completion of our first large scale solar project in Thailand.

• Pipeline of Australian and International projects worth over $6.5b

Page 24: Industry Overview - ASX · • Will commence assembly of solar modules in Q3 2011 under a JV with Tianwei • Will produce around 60MW annually • Strong demand for solar in spite

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