Crane Resorts A case study of an environmentally sound

approach to competitiveness in the hotel industry

The Crane – Then and Now

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1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

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Share Capital & Retained Earnings

Share Capital Retained Earnings Cumulative dividends

Millennium Investment’s Retained Earnings

History and Forecast Annual Comparison

2007 2008 2009 2010 2011 2012 2013 2014 2015Electricity Use (kWh) 4,366,010 4,575,303 4,923,647 5,557,329 5,717,271 4,224,060 4,810,157 4,838,836 4,838,836 Fuel Use (Natural Gas m3) 76,628 638,194 805,694 795,106 862,813 862,813 862,813 862,813 862,813 Water Use (m3) 51,612 124,800 184,388 134,542 114,630 137,793 121,531 133,919 147,565

Electricity Rate (BDS$/kWh - Average for Year) 0.46$ 0.53$ 0.42$ 0.49$ 0.52$ 0.55$ 0.57$ 0.60$ 0.63$ Fuel Rate 0.96$ 0.96$ 0.99$ 1.16$ 1.16$ 1.16$ 0.87$ 0.87$ 0.87$ Water Rate 2.91$ 2.91$ 3.71$ 4.66$ 4.66$ 4.66$ 4.91$ 4.91$ 4.91$

Electricity Cost (BDS $) 1,870,431$ 2,621,096$ 2,114,650$ 2,741,192$ 2,972,981$ 2,306,337$ 2,757,663$ 2,912,810$ 3,058,451$ Fuel Cost (BDS$) 596,636$ 538,814$ 699,593$ 918,146$ 1,000,863$ 1,000,863$ 750,647$ 750,647$ 750,647$ Water Cost (BDS$) 150,191$ 379,342$ 836,216$ 436,216$ 534,176$ 642,115$ 596,717$ 657,543$ 724,543$ TOTAL 2,617,258$ 3,539,253$ 3,650,459$ 4,095,554$ 4,508,019$ 3,949,315$ 4,105,027$ 4,321,000$ 4,533,640$

Room Nights* 39,979 45,347 46,875 48,783 52,486 65,345 71,321 78,591 86,599 Guest Nights 79,958 90,694 100,046 102,987 113,495 139,185 151,914 167,399 184,456 Guest Per Room Average 2.00 2.00 2.13 2.11 2.16 2.13 2.13 2.13 2.13 Serviced Space (m2) 19,069 22,628 26,187 34,800 34,800 42,241 48,102 48,388 48,388

Expected Daily Water Use

Per Room Per Person

Toilet Flushing Shower Pool

Shower Bath Shaving - 1 male*

Brushing Teeth

Washing Hands

In Room Laundry

Dish Washer

Total Per Room/Per

PersonActions PP Per Day 4 1 0.33 0.25 0.25 2 4 0.05 0.15

Minutes PP Per Action 1 7 1 1 1 1 1 1 1

Gallons Per Minute/Action 1.6 6 5 70 1 5 1 21 20

Total Gallons Per Day 6.40 42.00 1.65 17.50 0.25 10.00 4.00 1.05 3.00 85.85 Gallons

0.32 m3520 guests in house

168.46 Total Water Use All Guests

Pools & Ponds Per Day ** ***

Main PoolRuins Infinity Pool

Ruins Jacuzzi

Historic Pool

Splash Pools

(Gross Total Gallons for

All)

Bldg 2 Pond

Bldg 3 Pond

Bldg 5 Pond

Bldg 8 Pond

Bldg 9 Pond

Ruins Pond

Zen Pond

Total ALL

Pools

Pool Capacity (gallons) 251,165 22,605 5,651 110,000 455,764 5,050 5,050 22,441 5,050 5,050 12,000 6,000Make Up Per Day 2.0% 2.0% 2.0% 2.0% 1.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5%Quantity 1 1 1 1 1 1 1 1 1 1 1 1Total Gallons Per Day 5,023 452 113 2,200 6,836 126 126 561 126 126 300 150 16,141 Gallons

Total m3 Per Day 19.03 1.71 0.43 8.33 25.90 0.48 0.48 2.13 0.48 0.48 1.14 0.57 61 m3Adusted Sept 2010 m3/day - 1.71 0.43 - 25.90 0.48 0.48 0.48 0.57 30 m3Adusted Jan 2011 m3/day - - - - 20.72 0.48 0.48 0.48 0.57 23 m3

Actual/Theoretical Spread

TOTAL EXPECTED DAILY WATER USE ALL SOURCES $4.66 bwa rate/m3

Gal m3 Per Day $Per Room Per Person 44,474 168 785$ Pools Per Day 5,998 23 106$ Staff, Restaurants, Laundry 19,620 74 346$ Chillers, Cooling Towers 28,512 61 285$

TOTAL EXPECTED USE m3: 327 1,523$ ACTUAL USE ON: 2/19/2011 298 1,389$ VARIANCE: 10%

****Audits of various water sources continue until variance between estimated and actual is +/- 5%

Water Consumption 2009

Daily water readings

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300.0 JUNE TO JULY: DAILY WATER READINGS

Building 1 (Meter #1)

Building 2

Building 3

Building 4

Building 5

Building 8

Building 9

Park 7 (gallons)

Energy Wastage Audit

DATE DEPARTMENT LOCATION WASTE DESCRIPTIONElecticity

RateWater Rate

No. of Hours Wastage

Housekeeping Room 444B Jacuzzi lights left on 12-Jun

Housekeeping Room 414A Ceiling Fan in bedroom left on 48

Maintenance Room 323 Bar lights left on

Room 414B AC left on; Bathroom lights left on 48

Room 921B AC and Ceiling Fan left on. 48

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The Crane Residential Resort

Weekly Energy Wastage AuditFor The Period June 21, 2010 to June 25, 2010

Energy Saving Opportunities

Energy Saving Projects

•Capital cost - 2.8M Bds; Total annual savings – 1.2M Bds •IRR – 37%; NPV – 2.6M Bds (7 years, discount rate 9%); Payback – 2.3 Years

Social Responsibility Programme

Farm to Fork Programme Partnership Plus with local/Regional Tertiary Level

Institutions

Thank you

Design – Beaches at Culpepper

Design strategies

Large overhangs to shade the structure from Solar insolation (heat gain)

Cross-ventilated spaces and Open Plan layout to reduce need for AC

Planted/Garden roofs to reduce the Solar heat gain