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GREEN
IMPACT
PARTNERS
INVESTOR
PRESENTATION
July 2021 – TD Conference
investors@greenipi.com
Strategic Purpose
1Strictly Private & Confidential
Provide the world with, Net Zero Earth Impact, energy and water, to
facilitate the ever growing needs while reducing the current impact of use
and consumption – being leaders in the ultimate path to Zero
>$1 billion growth
pipeline
➢ Growth through greenfield
development, strategic acquisitions and
partnerships
➢ Late-stage and/or proven technology
such as RNG capture, waste heat
recovery and agrivoltaics projects
➢ Over 12 shovel-ready, or near shovel-
ready projects already in house across
North America
➢ Diversity across clean technology
opportunities that meet GIP’s net-zero
impact investment criteria
ESG Market
Leader
➢ Develop best-in-class ESG program
focused on measuring and reporting on
ESG metrics that meet top standards
and disclosure requirements
➢ Executive & Board gender equality &
diversity
➢ Net zero assessment of full cycle
impact of all business operations and
decision
➢ Clear, concise reporting with a high
level of transparency
➢ Alignment with GRESB and UN
sustainable development goals
Superior Risk-
Adjusted Returns
➢ High quality project execution
meeting and exceeding
communicated targets
➢ Diversification of portfolio for
diversification of risk
➢ Optimization of existing and new
projects to improve metrics and
provide meaningful cash flow
Green Impact Partners
2
✓ Clean energy via by-products, recycling & technology
✓ Invest in technologies and sectors with the greatest impact
✓ Optimize and repurpose existing assets
✓ Doing the right thing - sustainably and profitably
➢ STRATEGICALLY POSITIONED TO LEAD THE TRANSITION TO GREEN & SUSTAINABLE
GIP creates value from by-products through acquiring, developing, optimizing technology and operating high
quality assets. Focused on universal by-product management, by-products-to-energy, storage, and by-product
utilization, GIP deploys proven technologies to capitalize on ever expanding programs for alternatives to carbon
emitting fuels. GIP has strategic presence in the most lucrative markets in North America and can act quickly on
opportunities with a deep understanding of incentives and other industry structures
➢ INVEST IN SECTORS THAT ARE SCALABLE AND MAKE THE BIGGEST IMPACT
GIP invests purposefully in the clean energy transition sectors that provide the biggest impact to our environment.
The transition to clean energy and removal of carbon from the atmosphere will require focus on the most effective
and most scalable energy. GIP creates partnerships and repurposes existing energy assets to build clean energy
assets without creating waste through the decommissioning process. Large assets need to be recycled too.
➢ HIGHLY ALIGNED DECISION MAKERS WITH A STELLAR TRACK RECORD
The management team and Board of Directors of GIP are aligned with shareholders with meaningful insider
ownership and provide decades of relevant sector experience in developing and operating assets, growing
businesses both organically and via M&A, profitably exiting; achieving the goals of our shareholders and society
Strictly Private & Confidential
Note: The UN SDGs are a collection of 17 global goals set by the United Nations General Assembly. They cover a variety of objectives including poverty, energy and the environment.
➢ ROCE FOCUSED – THE RIGHT THING CAN BE DONE PROFITABLY
GIP’s proven management team is focused on delivering a superior risk adjusted Return on Capital (“ROCE”)
through full life cycle asset management by acting opportunistically to optimize overall portfolio performance.
GIP’s management team has an extensive track record of successful transactions, demonstrating industry leading
return metrics
4 Pillars of Growth
3
Focused growth strategy centered around four
pillars
➢Growth through retail
distribution platforms
including:
➢ Potential retail station
acquisitions
➢Hydrogen and CNG
distribution partnerships
➢ Soil improvement
➢Ocean improvement
Retail Distribution
Technology and
Land
➢RNG
➢Biofuels
➢Electricity
➢Hydrogen
➢Current cash flowing asset
base
➢Expanded industry reach
➢Complimentary acquisitions
➢Growth and expanded
service offerings
Water and
Industrial
Energy Production
Strictly Private & Confidential
4
Investment Highlights
Strictly Private & Confidential
• Attractive, underserved niche market with ample opportunities, overlooked by larger-scale competitors
• Smaller assets paired with our willingness to “do the difficult work” provides for outsized return prospects
• Return targets are generally mid to high teens
Superior Risk-
Adjusted Returns
• A proven and experienced fully-integrated platform with broad management, development and operating expertise
• Demonstrated track record in capital deployment, acquiring & integrating businesses focused on maximizing returns
• Board and Management alignment with over 25% insider ownership
Fully-Integrated
Platform
• 100% unencumbered operating portfolio with highly predictable cash flows, underpinned by contracts with a diverse pool of
investment-grade offtakers with capital structure optimization opportunities for our clean balance sheet
• Existing operating assets expected to generate 2022E Revenue of ~C$180 million and EBITDA of ~C$23 million with additional
growth expected from our near-term development pipeline
Unlevered, Stable
Operating Cash
Flows
• An actionable, de-risked, near-term development pipeline across a variety of renewable energy and ESG-friendly sectors
• Focused on repurposing assets that maximize shareholder returns with projects ranging between C$15 and C$500 million in size
• Projected 2021-2025 EBITDA CAGR of over 60%
Strong Near-term
Development
Pipeline
• Utilizing proven technologies to capitalize on ever expanding programs for alternatives to carbon emitting fuels
• Focused on late-stage technologies, such as RNG capture, waste heat recovery and agrivoltaics
• Flexibility to expand into the right energy transition technology as economics and technologies mature
Proven
Technology
• GIP is fundamentally designed around a Net Zero Earth impact with value placed on diversity at every level of the firm and ESG
elements being a primary consideration when evaluating investment decisions
• Concentrated on creating partnerships and repurposing existing energy assets to build clean energy projects without creating
waste through the decommissioning process
ESG-Centric
Note: All figures throughout the presentation unless stated otherwise are in Canadian dollars (C$).
Investment Criteria
5Strictly Private & Confidential
Four primary metrics for evaluating expansion
projects and acquisition opportunities
1. Significant and Sustainable Environmental Impact
➢ GIP’s business has been fundamentally designed around a Net Zero Earth impact
➢ Net Zero means truly assessing the full cycle impact of all business operations and decisions
➢ Target scalable and growth-oriented businesses, focused on repurposing and recycling waste in a
sustainable manner with measurable, long-term metrics for the reduction of emissions
2. Late-Stage and/or Proven Technology
➢ GIP is focused on late-stage and/or proven technology such as RNG capture, waste heat recovery and
agrivoltaics projects
➢ Reduced development risk with focus on optimizing the usage of existing technology
➢ Integrating new projects under an optimal risk framework – strategic risk transfer to third parties where
appropriate throughout the execution process
3. Ability to Leverage In-House Expertise to Manage and Operate Projects
➢ Established, dedicated project management team or the ability to integrate and consolidate with existing
operations groups
➢ Best-in-class processes, principles and operations to drive a best-in-class ESG rating
4. Financial Metrics – Projected Return on Capital Employed
➢ All business platforms are focused on delivering a superior risk-adjusted ROCE through full life cycle
asset management by acting opportunistically to optimize overall portfolio performance
➢ Focus on repurposing existing infrastructure to minimize Earth impact and maximize returns
Environmental Impact
Return on Capital Deployed
Proven Technology
Operational Expertise
Is RNG the Most Important Renewable Energy?
Considering the entire lifecycle of development, the
typical RNG project has a lower CI Score than other
renewables
Source: California Air Resources Board, GTI, University of Calgary, University of North Carolina 6Strictly Private & Confidential
Range of Carbon Intensity Scores by SourceNet Zero Earth Impact
➢ Carbon Intensity, also known as Emissions Intensity, is the measurement of carbon dioxide
escaping into the atmosphere, relative to the energy intensity of a specific activity
➢ In particular, GIP is interested in the CI Score of the entire lifecycle of the energy generation
process, from construction or manufacturing of the production source to the end of life
disposition and/or reclamation of the asset
➢ The typical RNG project has a negative CI score – indicating that through the entire life
cycle of the project, more emissions are removed than released
➢ Other forms of renewables, such as wind, solar, and hydro have varying CI Scores dependent
on the source material used to produce the energy source, greenfield vs brownfield
construction, source of substrates and availability/abundance of natural inputs
➢ Conventional energy sources, such as oil and coal, have significantly higher CI scores –
starting from ~80 grams of CO2 emitted per MJ of energy generated for direct combustion,
but up to 10x higher for the full lifecycle of mining/oil sands projects
80 100
240
300
800
-300
10 605
80
-400
-200
0
200
400
600
800
1,000
gC
O2e
/M
JRNG Wind Solar Hydro
Conventional Oil
➢ Dairy manure to pipeline quality renewable gas project with offtake in competitive US jurisdiction
➢ Received detailed RNG offtake proposals and have been progressing negotiations for selling RNG
➢ Long-term feedstock supply from two national dairy producers
➢ On-site gas offtake and connection
➢ Negative CI scores allow GIP to capitalize on LCFS and RIN credits – driving pricing of
$80+/MMBtu
➢ Build out is to be completed by engineering design firm and EPC contractor
➢ Projected 2023E EBITDA of C$19-21 million
Near-Term Farm RNG Project
7
Dairy manure to pipeline quality renewable gas
project with offtake at shovel ready site
Risk Mitigation
➢ Fully wrapped bonded GMP contract
➢ Engineers and designers with post-operational performance equity
Cost OfftakeCredit
RatingFeedstock
FID
Date
Completion
Date
Run Rate
EBITDA
$mm - - - - $mm
$70 Confirmed A- / Baa1 Secured 2021 2022 $19-21
Strictly Private & Confidential
Expected Financial Profile
A typical dairy to RNG project. Source: PexelsNote: All figures on this page are in Canadian dollars (C$).
Base CaseAlternate Case (10%
Rev Sharing)
Low
CI Case
Carbon Intensity (“CI”) Score -205 -205 -235
RNG Sales 751 MMBtu/day 751 MMBtu/day 682 MMBtu/day
Portion of RNG Production Used to
Heat Digesters130 MMBtu/day 130 MMBtu/day 199 MMBtu/day
LCFS and RIN Revenue Sharing
With Offtaker15.0% 10.0% 15.0%
Year 1 Total RNG Price
(Pre/Post RNG Revenue Sharing &
Transport Costs)
$85/MMBtu
$72/MMBtu
$85/MMBtu
$76/MMBtu
$90/MMBtu
$77/MMBtu
✓ Significant and Sustainable Environmental Impact – Negative CI Score
Base Case
✓ Late-Stage and/or Proven Technology – Basic Anaerobic Digestion
✓ In-House Expertise – Operational Team in Place and Working
✓ Outsized Returns on Capital Deployed – Projected ROCE ~ 22-27%
Qualification
NDA / (Pre-) Feasibility Study
Due Diligence
Active Acquisition / Development
Deal Close /Construction
Current Pipeline
8Strictly Private & Confidential
Robust pipeline of significant secured growth opportunities
➢ Over 12 shovel-ready, or near shovel-ready projects already in house
across North America
➢ Current pipeline represents over $1 billion in capex
➢ Projects to be supported by additional project finance capital at key
milestone events
➢ Additional sources of capital include excess cash flows and equity
partnerships
➢ Organic and inorganic growth is advanced using additional industry
partnerships to execute on GIP’s robust project expansion pipeline
➢ Deal flow is strong with near term opportunities to grow at a faster pace
➢ Highly experienced management team focused on executing on the right
projects that meet investment criteria
Financial Overview
9
Income Statement Projections Balance Sheet Snapshot
Strictly Private & Confidential
2021 numbers reflecting H2 starting July 1, 2021; all other years reflect full 12 month
calendar year-end
Note: All figures on this page are in
Canadian dollars (C$).
$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600
2021E
2022E
2023E
2024E
2025E
Cash PP&E CAPEX Debt Equity
$86
$221
$315
$441
$515
$9 $41
$81
$138
$181
16%
25%
34%
41%44%
10%
18%
26%
31%
35%
-20%
-10%
0%
10%
20%
30%
40%
50%
$(100)
$-
$100
$200
$300
$400
$500
$600
$700
2021E* 2022E 2023E 2024E 2025E
Revenue EBITDA Gross Margin EBITDA Margin
Executive Team
10
Proven, experienced management team with
expertise in capital markets, transactions and
entrepreneurship
Jesse DouglasChief Executive Officer & Board of Directors• 20 years of successful entrepreneurial experience
• 20 successful acquisitions, integrations and divestitures over the last 5 years
• 100’s of successful EPC completed projects
Nikolaus KieferExecutive Strategic Advisor• 15 years of capital markets and corporate development experience
• Previous sell-side Research Analyst
• Founding partner of multiple private entities
Kathy BoltonChief Financial Officer• 20 years of financial management and business development experience
• Previous Co-Founder and CFO of BluEarth Renewables Inc.
• Prior to BluEarth, CFO of Canadian Hydro Developers Inc.
Rhonda StanleyVice President, Clean Energy Distribution• 25 years experience with a passion for clean energy
• 10 years focused team leadership with major infrastructure entity
• Successfully added to over 50 diverse projects, driving growth by over 250%
Mark KiddellVice President, Green Initiatives• Experienced renewable developer and operator with 10 years renewables experience
• Co-Founder Northwest Organics 2Biogas
• Co-Founder of IFFCO a $1.6 billion ammonia and industrial development
Jeff MyersSpecial Advisor, Development• Senior Operating Partner, power generation with Stonepeak Infrastructure
• Over 40 years experience in mid market energy and infrastructure
• Co-Founder and Chairman of Pristine Power until sale in 2010
Strictly Private & Confidential
Board of Directors
11
Highly aligned and qualified Board of Directors to
provide diverse insight and perspectives
Geeta SankappanavarChair of the Board of Directors➢ 25 years investment experience and has successfully built multiple
businesses
➢ Co-founded Grafton Asset Management and raised and deployed over $1
billion in energy and energy infrastructure
➢ Previously at New Vernon Capital, a $3 billion blue-chip asset
management firm focused on India and the emerging markets
➢ Serves as the Chair of the Board of Governors for the University of
Calgary
Alicia DuboisBoard of Directors➢ Proud Indigenous professional who earned a B.Sc with Distinction from
the University of Lethbridge and a Juris Doctor from the University of
Toronto.
➢ Chief Executive Officer of the Alberta Indigenous Opportunities
Corporation
➢ Previously at CIBC where she established and led an expert Indigenous
Markets team
➢ Serves as the Co-Chair of the Board of the Canadian Council for
Aboriginal Business
Bruce ChanBoard of Directors➢ 25 years of experience, including as CEO and Director of an NYSE
listed international shipping company
➢ Significant governance experience as a senior executive in a
“conglomerate” organization with four NYSE-listed public companies
➢ Unique combination of significant global HR & Compensation
Committee experience, along with professional accounting and financial
designations well-suited for Audit Committees
Jeff HunterBoard of Directors➢ Experienced energy investment professional, board member and
operating executive with 25 years in energy commodity focused
businesses
➢ Expertise in acquisitions, operations and divestitures of critical clean
energy infrastructure.
➢ Previously served as an advisor to significant portfolios of solar and wind
development assets
Strictly Private & Confidential
12
Right Timing
Strictly Private & ConfidentialStrictly Private & Confidential
The Opportunity is Now
➢ Renewables as a sector have weathered the COVID pandemic extremely well and have
outperformed as an asset class with public companies in the space trading at all time
highs
➢ ESG fundamentals and an increased focus on sustainability for all stakeholders are
driving ESG focused investment, which is benefitting the renewables and energy
transition sector
➢ Canadian and US governments at all levels are increasing or initiating aggressive
renewables targets with many focusing on zero carbon emissions in the 2040’s.
Governments are striving to make renewable energy a central part of economic recovery
packages
➢ In the U.S., the Biden Administration entered the White House with an ambitious climate
change agenda, anchored by rejoining the Paris Agreement, setting a net-zero by 2050
goal for the United States, ordering a suspension of leases for fossil fuel development on
federal lands and committing $2 trillion over four years to promote investment and
solutions to combat climate change
➢ Driven by record flows in sustainable funds and sustainable debt issuance over the past
12 months, 2021 is expected to be the year of the shift from investor-driven growth in
ESG to companies responding to the opportunity
The Green Impact Partners Advantage – the right
team, business model and vision, at the right time
The Team to Execute
✓ Experienced management team focused on generating free cash flow from all
business units
✓ Serve a niche of less competitive, underserved, and overlooked markets
✓ Management team track record of accretive acquisitions focused on ROCE
✓ Focused on a diversified portfolio of growth-oriented development assets
complimented with operating assets & businesses that provide highly predictable,
resilient cash flows
✓ Fundamental leader in ESG and focused on a Net Zero Earth Impact
✓ Board and Management alignment with over 25% insider ownership
13
Contact Us
Strictly Private & ConfidentialStrictly Private & Confidential
Kathy BoltonChief Financial Officer
Nikolaus KieferExecutive Strategic Advisor
Mailing Address:
666 Burrard St #2500
Vancouver, BC
V6C 2X8
info@greenipi.com
Disclosures and Disclaimers
14Strictly Private & Confidential
FORWARD LOOKING STATEMENTS
This presentation contains forward-looking statements, including statements regarding the result, timing,
opportunities, projects and prospects associated with the business (the "Business") of Green Impact Partners
Inc. and Green Impact Partners Operating Corp. (collectively, "GIP"), the outcome of the described
subscription receipt offering, projected revenues, EBITDA, EBITDA CAGR, returns on capital deployed, the
future growth in demand for RNG, hydrogen, water recycling and solid recycling, expected financial profile of
the described projects, the effect of the Transaction, RTO and restructuring of our business, capital
expenditures planned or required in connection with the Business, future of our development projects, capital
structure of GIP, timing for launch, delivery and completion of milestones related to the projects and the
Business referenced herein, the demand for our products and services, the future success of our business and
projects, investment in new projects and otherwise, cash and capital requirements, intentions of partners and
potential customers, the performance and competitiveness of our projects and services, prospective members of
management, our board of directors and number and characteristics of employees of the Business, future
market opportunities, the terms and timing of future agreements as well as management's response to any of
the aforementioned factors. These statements are neither promises nor guarantees but involve known and
unknown risks and uncertainties and are based on both the views of management and assumptions that may
cause our actual results, levels of activity, performance or achievements to be materially different from any
future results, levels of activities, performance or achievements expressed in or implied by these forward-
looking statements. These risks and uncertainties include risks and assumptions related to our revenue growth,
profit margin, timing for and results of launch of projects, operating results, ability to finance projects, industry
and products, the general economy, conditions of and access to the capital and debt markets, governmental
policies, regulation and approvals, technology innovations, operating expenses, the availability and price of
RNG and hydrogen, global government stimulus packages, the acceptance of and shift to RNG and hydrogen,
the development of competing technologies, our ability to adequately develop and deploy our projects and
technology, the actions and determinations of our customers and development partners, as well as other risk
factors and assumptions that may affect our actual results, performance or achievements or financial position.
Readers should not place undue reliance on any such forward-looking statements, which speak only as
of the date they were made. We disclaim any obligation to publicly update or revise such statements to
reflect any change in our expectations or in events, conditions or circumstances on which any such
statements may be based, or that may affect the likelihood that actual results will differ from those set
forth in these forward-looking statements except as required by National Instrument 51-102. The
contents of any website are not incorporated by reference herein.
This communication is not intended to and does not constitute an offer to sell or the solicitation of an
offer to subscribe for or buy or an invitation to purchase or subscribe for any securities where such offer
would be illegal, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in
contravention of applicable law. No offer of securities shall be made except pursuant to applicable
prospectus exemptions and the securities laws related thereto. No offer will be made directly or
indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such
jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation,
facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a
national securities exchange, of any such jurisdiction.
This presentation contains certain financial outlook information and related financial projections for the
Business based on a number of assumptions. Such financial outlook information is provided solely to
allow readers to better model potential opportunities available to GIP and estimate financial
performance of various business segments and may not be appropriate for any other purpose and should
not be relied upon.
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