Mines and Minerals Investor Conference

I thought I would do a recap of the mines and minerals investor conference. - NOT FINANCIAL ADVICE - DO YOUR OWN RESEARCH

Regarding Genex Power's Portfolio:
"in a market where large international super fundsare paying big prices for secure locked-in cash flows we think this has the potential to drive enormous value for our shareholders" - SK (hint at JV partner?)

Kidston Solar Project (production since 2017)
- 50 MW
- 20 year contract with QLD govt until July 2038
- Revenue ~$ 12 million P.A.

Jemalong (production since 2021)
- 50 MW
- Currently selling into spot market but will look at contracting "50% of output for say 10 years" - SK
- Expecting to increase revenue to $20+ million P.A.

Kidston Pumped Hydro (Close to contractual close - construction starting April)
- 250 MW
- Early works completed
- Fixed price contract for construction
- NAIF loan - $610 million - 15 year govt bond rate plus low margin
-"by the end of this month (March) all key contracts will be signed and we will have a committed project and I think that will release a substantial uplift in value, so we are looking forward to that, that is the reason why I am presenting from home today we are finalising key documents which we expect to announce before the end of this calendar month" (also explains his terrible internet the last few pressos!)



- Contractual close: "the key information for the whole presentation is the last two lines in this slide, we are reaffirming today that we, Genex Power will achieve contractual close and have a committed project by the end of march this year" - SK (verbatim) - Not expecting, hoping, anticipating... "will".



- Offtake by EnergyAustralia
'the first 30 years of operations are backed by a contract with EnergyAustralia, they will be the operator of the plant and Genex's owners will receive a rental payment so that rental payment escalates with CPI over 30 years and will not be subject to any variation based on energy prices, energy volumes, any other matters, in fact its just a rental payment that is very fixed and secure. Investors can consider that effectively as the same as a corporate bond from EnergyAustralia which is rated BBB+ by the rating agencies and first revenues will commence in 2025" - SK

"before the end of this month we will be disclosing detailed revenue guidance which will enable the analysts and the funds to value what this asset means in terms of NPV (Net Present Value) and we are looking forward to that being reflected in our share price once we reach contractual close" - SK





Bouldercombe Battery Project
- 50 MW
- Site at Rockhampton
- "Tesla is the technology supplier" - SK
- "Project is now very advanced, we have secured the land, we are now finalising the connection process with Powerlink, we are finalising the capital costs with Tesla and we expect to commence construction before the end of this calendar year" - SK
- "generate cash by the end of next year" (2022) - SK
- Regarding revenue "10 to maybe 11 million dollars per annum for the next 10 years" - SK
- OPEX - $1 million per year
- Expected to cost around 50 million, 50% expected from one of our 'banking relationships' and commenced discussions with co-owners for equity.




Kidston Wind
-150 MW
- Co-owned by J-power





Closing slide: