SLIDE 1 RYANYX CGS CORPORATION CEBU WINDFARM BUSINESS PLAN
INITIAL 50MW WINDFARM PROJECT BUSINESS PLAN NON – FIT FINANCIAL SCHEME 70:30 DEBT:EQUITY FINANCING
SLIDE 2 WIND ENERGY PROJECT
DOE Service Contract – Cebu Island 25 yrs contract – 25 yrs renewable Exclusive Rights – total 50 years 24,057 hectares – 10 Municipalites 7yrs Income Tax Holiday 10% Corp Tax After ITH Duty Free Importation Zero % VAT (Value Added Tax) Priority Dispatch NGCP – Bilateral ‐WESM Accelerated Depreciation Net Operating Loss Carry Over Carbon Credits Tax Exemption Cash Incentive on Missionary Electrification Cash Credit‐ Domestic Capital Equip. / Services
SLIDE 3
DOE WIND ENERGY SERVICE CONTRACT
SLIDE 4
DOE SERVICE CONTRACT SIGNING
SLIDE 5 RYANYX CGS PREVIOUSLY OWNED 100% RE COMPANY AMIHAN ENERGY CORPORATION
Retained 30% Ownership / Malysian Investors 70%
SLIDE 6 RYANYX CGS PREVIOUSLY OWNED 100% RE COMPANY AMIHAN CORP. (CEBU GOVERNOR ENDORSEMENT)
Retained 30% Ownership / Malysian Investors 70%
SLIDE 7 OSLOB WINDFARM
PROPOSED BUSINESS PLAN INITIAL 50MW PROJECT
SLIDE 8 ENERGY MODEL
Annual Ave. Wind Speed = 6.5m/s Wind Turbine Rating = 2MW Wind Plant Capacity = 50MW # of Turbines = 25 Turbines Capacity Factor = 40% Renewable Energy Delivered = 6,923Mwh / Turbine 173,086Mwh for 25 Turbines
SLIDE 9 EQUIPMENT DATA
Turbine Rated Power = 2MW Manufacturer = CNYD Model = YDF‐2000‐110 Hub Height = 90m Shape Factor = 2.2 Rated Speed = 10m/s Cut‐In Speed = 3m/s
SLIDE 10
OSLOB WIND RESOURCE ANALYSIS
SLIDE 11
OSLOB WIND RESOURCE ANALYSIS
SLIDE 12
WIND SITE TURBINES DATA
SLIDE 17
BARANGAY PUBLIC HEARINGS
SLIDE 18
BARANGAY RESOLUTIONS
SLIDE 19
BARANGAY RESOLUTIONS
SLIDE 20
LAND LEASE AGREEMENTS
SLIDE 21
LAND LEASE AGREEMENTS
SLIDE 22 COST ANALYSIS
INVESTMENT COST = $ 110,497,975.00 Pre‐Development = $ 1,220,000.00 (1.1%) Development = $ 1,335,000.00 (1.2%) Equipment = $ 77,750,000.00 (70.4%) Construction = $ 28,290,000.00 (25.6%) Miscellaneous = $ 1,902,975.00 (1.7%) Annual O & M = $ 2,277,551.00
SLIDE 23 FINANCIAL SUMMARY
Debt (Bank) 70% = $77,348,583.00 @ 6% PA payable for 15 years. Equity 30% = $ 33,149,393.00 @ 10% PA 15 years Annual Debt Payments = $ 7,964,024.00 Annual Cost (O&M) = $ 2,277,551.00 Annual Income = $ 24,232,079.00 Annual GHG Income = $ 850,742.00 Energy Rate (Non‐FIT) = $ 0.14/ Kwh Inflation = 3% 7 Yrs ITH Declining Balance Depreciation 25 Years Project Life
SLIDE 24 FINANCIAL SUMMARY
Year to Positive Cash flow = 2.3 Years Simple Payback = 4.8 Years Hurdle Rate = 6.8% Pre‐Tax IRR = 44.1% After‐Tax IRR = 43.7% Discount Rate @ 6.8% NPV = $143,060,259.00 Discount Rate @ 20% NPV = $37,898,746.00
SLIDE 25
PROPOSED FINANCIAL STRUCTURE
Investor to arrange bank loan for 70% @ 6% PA Bank Financing payable in 15 years. Investor’s Capital Investment is 30% @ 10% PA payable in 3 years. After complete payment of Investor’s 30% capital, project shareholdings will take effect. At the 4th Year Operation: Project Shareholdings = 40% Investor / 60% Project Owner Investor’s 40% Project Acquisition Payment + Owner’s Pre‐Development Expenses = $2,000,000.00 Investor / Project Owner Total Profit = $ 357,942,574.00 Investor / Project Owner Average Annual Profit: 1‐7 Years (ITH & Equity & Debt Payment) = $ 14,550,911.00 8‐15 Years (After‐Tax & Debt Payment) = $ 12,177,194.00 15‐25 Years (After‐Tax Only) = $ 19,181,804.00
SLIDE 26
RYANYX CGS CORPORATION THE END. THANK YOU!
