COMPANY

PROFILE
2014

Private & Confidential

 Introduction

CONTENTS Executive Summary

About
Oak Utility Solutions
Business Lines
Regional Footprint
Management Team
Clients

Service Offerings
Project Management Services
Pipeline Construction
Pipeline Protection & Rehabilitation
Armor Plate Testing Accreditation
Tank Lining And Industrial Cleaning Services
Xhab Pipeline Rehabilitation Technology
Enhanced Oil Recovery, Bpz Pneumatic System
Commodity Trading
Technical & Commercial Consultation
Waste To Energy, Government Concession

Contact Information

2
 INTRODUCTION

EXECUTIVE SUMMARY

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 EXECUTIVE SUMMARY
OAK has more than 100 years of working experience in the MENA
region based on the current Partner and Management Structure

OAK is represented across all of its territories by its direct

staff resources

OAK has established regular repeat business with O&G

majors throughout the region.

OAK develops Utility and Infrastructure Assets that produce

a sustainable yield of Power and Water.

OAK has an O&G trading division that brokers

commodity transactions across the globe.

OAK is in partnership with pioneering global

technology companies in order to deliver turn-key solutions.

OAK is a Management Owned Company

Armor Plate is the oldest (40 years) and most tested Com-
posite Repair Product in the market today, OAK is licensed
distributor for Asia, Europe, MENA

Pipestream XHab is a new ground breaking Pipeline Repair

Technology with no current competitors, OAK is the licensed
franchisee for Asia, Europe, MENA

AWEC Enerji is the Project Company formed to execute the

$70 Million Waste To Energy Plant in Adana, Turkey where
OAK owns 75%, the project will yield $400m

OAK is strategically aligned to GCC based private equity

funds and institutional investment firms with an appetite for
private placements into robust clean-tech utility ventures,
collectively we invest into Build-Own-Operate schemes with
high yielding returns

4
 ABOUT
5
 ABOUT

OAK UTILITY SOLUTIONS

6
 OAK UTILITY SOLUTIONS
Headquartered in Bahrain with offices in the UAE OAKs solutions reinstate and/or upgrade major value for its customers as depicted herein by
and Turkey, OAK Utility Solutions and Development pipelines whilst under live operating conditions. the services it provides within the territories it is
W.L.L. (OAK) is a commercial developer of utilities OAK recently became the licensed agent of represented.
and specialist solutions provider to the Oil & Pipestream which employs an automated
Gas and Petrochemical industries. OAK provides technology to rehabilitate aging pipelines at site OAK operates from three strategic locations as it
development solutions, implementation and and can reinstate up to 1.0km/day depending delivers its services across the GCC and the wider
management services for major pipeline, tank on the diameter and profile without disrupting Middle East territories. OAK has since received
lining and cleaning services, infrastructure and operations. enquiries from new territories building on its
utility projects including power, water and waste success over the past four years and hopes to
water applications. OAKs integrated business model is built around expand in 2014 and beyond with newly secured
four core business lines: Water/Waste Water projects on the horizon.
OAK is in alliance with a number of international Services; Energy from Waste; O&G Trading and
technologists and is driven towards providing Infrastructure Services. OAK leverages its resources
exceptional value for its clients through a unique and expertise across each of these business lines
market offering, underpinned by top tier expertise, to provide its clients with a comprehensive range
experience and professionalism. of innovative and emerging services solutions
tailored to meet their specific requirements
OAKs commodity trading division provides its delivered by expert in-house Project Management
select associates with various petrochemical capabilities. OAKs professional staff are highly
products, with the flexibility, speed and logistics experienced chartered Engineers and certified
expertise that our customers need and expect. Project Managers.

Our longevity and success stems from our ability to OAK has enjoyed sustained growth since inception
add value beyond simply moving physical product. which is a clear indication of market receptiveness
OAK is resolutely customer focused, providing related to the products and services offerings which
physical, technical and consultation services, and the company has developed. OAK continues to
stocks all over the world. OAK has successfully secure repeat business from the O&G majors as well
developed service offerings focusing on new and as governments around the region. By accurately
existing pipelines and is contracted by the Oil and examining its clients needs, OAK can propose the
Gas majors throughout the region to rehabilitate exact solution to enhance overall performance
aging infrastructure by using innovative solutions and productivity. Through integration, OAK can
and technologies without disrupting operations. provide full turn-key solutions and add further

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 ABOUT

BUSINESS LINES

8
 SERVICE OFFERINGS

Chemical Injection, Green Skids

Commodity Brokering

External Pipeline Protective Coating Systems

Full-Turn-Key Project Management

Infrastructure Services & Solutions

Internal Pipeline Coating Systems

Operations & Maintenance

Pipeline Construction and Management

Pipeline Protection, Rehabilitation & Reinstatement

Pneumatic PBZ Well Head Performance Enhancement

Tank Cleaning and Lining Services

Thermal Fire Protective Insulation Systems

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 ABOUT

REGIONAL FOOTPRINT

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 OAK REGIONAL ORGANIZATION

Bahrain UAE Turkey

AWEC Commodity Engineering & Construction Pipeline & Infrastructure Utilities

Enerji A.S. Brokering Management Services Development

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 ABOUT

MANAGEMENT TEAM

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 PROFESSIONAL TEAM
CEO
Gareth R. Brown

Projects Finance Finance & Administration Business Development

Asset Management Business Operations Technology Development

Executive Advisor COO CDO

Austin A. Rudman Derrick H. Rodney Peter J. Barr

Financial Analyst Projects Director Development, Turkey

Bonika Juneja Simon D. Bromyard Okan Erturhan

Operations Superintendent Resident Engineer

Arron Dalgarno Rajesh Pannicker

Operations Supervisor
Oliver Vine

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 MANAGEMENT TEAM

Gareth R. Brown Chief Executive Officer

Gareth holds an MBA from the Hull University Business School in the United Kingdom and is also a
Chartered Engineer and Chartered Manager. With over twenty years industry experience, Gareth has
had particular focus on IWPPs with key utilities such as District Cooling, Waste Water Treatment,
Waste to Energy and alternative power applications.

Gareth has been based in the Middle East since 1999 and prior to forming OAK held General
Management and Development positions with two global blue chip organizations.

Gareths experience in infrastructure projects within in the energy and water sectors have afforded
great experience in regulatory & licensing, commercial consulting and project development. He
has had accountability for public utility and independent service provider transactions in the areas
of electric utilities, thermal and renewable energy, as well as large independent district cooling
applications This experience has been further enhanced by M&A, privatization, project finance and
project feasibility work. In providing full turnkey integrated utility solutions,

Gareths leadership qualities have developed in leading technology providers on international

bidding processes for multilateral agency-funded projects as well as negotiating project contracts.
These contracts in the main have been for long term concession agreements both with governmental
bodies and private consortium led technology providers.

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 MANAGEMENT TEAM

Derrick H. Rodney Chief Operating Officer

Derrick is a UK Graduate in Business and Financial studies with a Human Capital focus and has almost
25 years of Senior Corporate Operations experience, working for blue chip organizations serving clients
globally, throughout the US, UK, Europe, Middle East and Asia.

Derrick has been based in the Middle East for over 10 years and prior to joining OAK held a key role as a
founding member of a global Islamic Investment bank, headquartered in Bahrain. As part of Corporate
Service Operations he set up and led the strategic and operational development of the HR function.
During a five year tenure with the bank, he supported its strategic growth from inception, aligning and
reengineering key operational strategies. Great success was achieved in attracting and maintaining high
caliber investment professionals in the areas of Corporate Finance, Private Equity, Capital Markets, and
Asset Management.

As a Corporate Services professional, with a strategic and commercial focus, he has been very successful
in the set up and management of strategically aligned business functions, leading change across a diverse
group of professionals. His key competencies lay in strategy, leadership, relationship management,
influencing and communication skills, which will underpin his role as OAKs Chief Operating Officer.

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 MANAGEMENT TEAM

Peter J. Barr Chief Development Officer

Peter holds an HND from Falkirk College of Technology in the United Kingdom and is also a member of
the Institute of Mechanical Engineers. With twenty seven years industry rotating equipment experience,
Peter has had particular focus on Key Markets and End User Clients in Oil & Gas, Power Generation, Water
Treatment and General Industry across the Middle East Region.

Peter has been permanently based in the Middle East since 1995 and prior to forming OAK held Senior
Management and Development positions with three global blue chip organizations. Peters long term
experience in supplying long term Product and Service Solutions to Major End User Clients in the main
Energy and Utilities sectors has provided him with tremendous experience in dealing with commercial
legislation and business development opportunities.He has managed P&L accountability for EPC Projects
related to Electro-mechanical scope and Operational responsibility for the locally established service
facilities related to some of his previous positions.

His experience has been further enhanced by the added responsibility of managing the existing and
setting up new Representative, Strategic Partnerships and providing M&A recommendations to support the
business objectives, whilst maintaining growth and strategic targets.

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 MANAGEMENT TEAM

Austin Rudman Advisor

Austin is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and holds a
first class BSc (Hons) in Accounting and Management Information Systems.

Austin joined OAK as Chief Financial Officer, after a long and successful career in the Big 4 accounting
profession. He has almost 25 years of experience; spent the last 18 years of his career in the Middle
East and is a well known personality within the accountancy profession. Austin held several MENA
leadership roles at Ernst & Young; was an audit partner for 8 years and the regional head of Quality &
Risk Management.Austin has significant experience working with leading organizations in banking,
private-equity, and oil and gas sectors.

He formed and led Ernst & Youngs Middle East IFRS Desk and cross-border capital market transactions
team (IPOs and debt raising) based in Dubai. He also had oversight of service quality, technical and
regulatory compliance for over 2,000 MENA auditors in 15 MENA countries.Austin is a member of the
MENA Advisory Board of the ICAEW; Deputy Chairman of Bahrain British Business Forum (BBBF) and
Board Member of the Bahrain Advisory Council Chartered Institute for Securities & Investment (UK).

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 MANAGEMENT TEAM

Simon D. Bromyard Projects Director

Projects Director, non-metallic coatings application expert with experience gained in all aspects
of Project Management with particular focus on site management and construction activities,
Corporate and Management Reporting.

Simon is an apprenticeship-graduate engineer with international experience of overseeing

mobilization, schedules and most aspects of design, engineering and construction activities. Well
practiced at detailed liaison with Management, Contracts and Finance, Lead Engineers, construction
personnel and third party contractors, plus full exposure to the Client team on a regular basis.
Familiarity in a variety of industry sectors and previously involved in a wide range of activities on
multiple site locations mainly in the Steel and Oil & Gas industries. Simon is a project management
expert and has managed construction projects as the lead authority on assignments up to a value
of $1.0billion USD completed on time and under budget.

Simon manages OAK operations and leads multiple teams of project managers and engineers
that are seconded to the various worldwide projects that OAK engage on long term construction
mandates and / or call-off contracts.

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 MANAGEMENT TEAM

David Pace Executive Director

Experienced finance executive with over 30 years international experience in banking, finance and
manufacturing. After graduating in economics from Southampton University, David undertook a
series of financial analysis roles in the UK manufacturing and product development divisions of Ford
Motor Company.

Following a stint in management and IT consultancy, David embarked upon a 17 year career
with HSBC in the City of London, progressing through a series of senior finance and executive
management roles at both divisional and head office level. In 2001, David was recruited to lead the
finance function of a major commercial bank in Kuwait where he played a key role in the business
transformation of the bank. He then became the Group Chief Financial Officer of an investment
bank headquartered in Bahrain.

During his 9 years in the GCC, David played a lead role in several debt and equity raising initiatives.
He also developed a reputation for introducing market-leading levels of risk management, investor
relations and reporting disclosure and transparency. Based in the UK, David brings a wealth of
international commercial experience to OAK, particularly as he has a great deal of experience
operating as an independent non-executive director.

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 MANAGEMENT TEAM

Okan Erturhan Development Director

After graduating from the school of selected candidates for their learning ability, Okan
went to the United States with a full scholarship to continue his education in Finance and
Management at Florida State University. During his last year in the United States Okan worked
in an Investment Consultancy firm and further developed himself in the field of Project finance
and its management.

Upon returning to Turkey and completing his obligatory military service, after a brief analysis for a good
investment Market and his ability to learn quickly the industrial market due to his fondness of the sector,
Okan decided to lead a new enterprise in the sector of Waste Management and Marketing of recycling
goods. Together with the support of his Fathers family company this new enterprise consulted for the
public and private sector in waste management while bringing and advertising new recycled products
and new recycling technologies.

After entering a joint partnership OAK and Forming AWEC as project company, Okan left his other
responsibilities to fully focus on the completion and success of 1st Adana waste to energy project
and to the future of AWEC. Due to his past experiences in various work fields, Okan has a very good
knowledge and grasp on project financing and management. He also actively follows the developing
technologies in the recycling sectors in waste to energy, water treatment, plastic recycling and waste
management systems. Since he has been working mostly with local government Okan holds a really
good relationships, with various local governments. He is also experienced in project development and
consulting in waste management sector in Turkey.

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 MANAGEMENT TEAM

Bonika Juneja Financial Analyst

Experienced finance expert with over fifteen years international experience in banking
and finance. Provides interpretations about auditing processes, business performance,
budgets, investments and financial dealings and recommend cost saving strategies
and measures on reducing the business expenditure on non-relevant items.

Bonika provides a key role in the organization as she helps to maintain the companys
success and guides its executives in making wise business and financial decisions. Bonika
expertly develops financial models in support of the Project Finance assignments under
development by OAK. Further responsibilities include Cost reduction, Accounting,
Reconciliations, Advising clients, Assisting auditors, Networking with industry
professionals, Reviewing budgets, Checking the integrity of data, Forecasting and
assisting where possible the business in its investments, and Analysing investment
opportunities, stocks, bonds and other financial products.

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 ABOUT

CLIENTS

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 SOME OF OUR CLIENTS AND ASSOCIATES

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 SERVICE OFFERINGS
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 OAK

SERVICE OFFERINGS

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 PROJECT MANAGEMENT SERVICES

Chartered Engineers & Certified Project Managers with experience in Engineering,

Construction and Operations.
OAK Project Management teams are highly District Cooling Reticulation Network, KSA: construction, commissioning and testing utilizing
motivated and skilled industry certified professionals Full Project Management and installation Butt Fusion and Electro Fusion methods
with diverse experience and credentials. With many accountability construction, baseline schedule
years construction experience, OAK can provide its and budget control Internal Pipeline Coating: Completed internal
clients with total peace of mind by expertly managing blasting and coating services using dedicated
timelines as well as allocated budgets. OAK will Electromechanical Overhauls and O&M, KSA: Plasite system for Water Flood Ring Main during a
manage deliverables and associated KPIs on behalf of Repair of critical rotating plant and infrastructure 12 month installation
its clients and will integrate its service offerings within following emergency breakdown including full
a structured risk and reward model with a principal re-commissioning Pipeline Rehabilitation, Bahrain: Surface
objective of surpassing its clients expectations. reconstruction, repair and protection
HDPE Water Flood Piping Network, Bahrain: of critical pipeline infrastructure,
Some recent assignments to date include of the Project Management and construction whilst under live operating conditions
following: responsibility of the first HDPE network including

OAKs Key Responsibilities:

Billing and Invoice Management Time Management
Civil & Construction Management Management of EPC Capital
Design Evaluation Master Schedule Evaluation
Engineering Management Technical Due Diligence
JIT Planning Time Scheduling

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 PIPELINE CONSTRUCTION
OAKs team of experienced Mains Layers organize and supervise all Pipeline / Infrastructure
assignments, we also provide experienced Project Management Services to expertly manage
project timelines and deliverables. OAK resources and services have been supplied to Saudi
Aramco, an assignment spanning 12 months

Certified Installation Supervisor(s) Sheet Pilling and Shoring

Project Management Team (Inc. Engineers) Valve Chamber Design and Construction
Mains Water and Fiber Optic Installation Commissioning and Hydro-Testing to 20.6bar
Conventional Open Cut, Rock Wheel Trenching Carefully excavating around existing utilities
Directional Drilling, Impact Moling, Micro Tunneling Financial management & authority
Pipe Bursting, Slip Lining, Swage Lining Contract Management & Execution
NDT and Utilities Mapping Planning & Scheduling
Conventional Welding Works and X-Ray NDT & UDT Manpower Supply & Supervision

OAK was employed at Dhahran Saudi Crossings using a Thrust Boring method Award recognizing hours worked without
Aramco to Install a Major 10km Chilled to insert two 72 Sacrificial Sleeves. OAK incident. OAK also completed the full
Water Reticulation Network using advanced was awarded its second additional project commissioning including flushing and
installation methods and techniques following the success of its original project. passivation.
including tunneling of 2 high profile Road OAK was awarded a Safety Achievement

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 PIPELINE PROTECTION & REHABILITATION
We are licensed distributors of Armor Plate.
Armor Plate is one of the most tested composite systems in the world

Armor Plate is a composite structural Armor Plate is PCC2 attested and can protect
reinforcement pipeline repair system to be and reinstate damaged infrastructure operating
applied by certified installers or applicators and at sub-zero to superheated surface temperature
provides lifetime warranty applications

Armor Plate is designed to repair and protect Armor Plate is recognized by the Department
pipelines and vessels while in service without of Transportation/Pipeline and Hazardous
depressurizing or lowering the Maximum Materials Safety Administration (DOT/PHMSA)
Allowable Operating Pressure (MAOP) as a permanent repair product and a model for
composite repairs and is widely used to reinstate
Armor Plate is a 3-part system (Resin, Putty and their networks
Armor Fiber) specially designed for repairing
and protecting straight pipe, elbows, tees, risers, Armor Plate is designed to repair almost any
reducers, wrinkle bends, branch connections, corrosion depth/pipe wall loss up to 80% of
vessels and any pipe configuration with external the original wall thickness and the number of
corrosion or mechanical damage or in need of composite wraps is determined by an engineering
long term abrasive and corrosion protection. calculation software using Armor Calc

Armor Plate can be used Off-Shore to repair and

protect submersed infrastructure

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 Armor Plate TESTING ACCREDITATION

Key Testing Criteria:

Bond Strength Test to SA2.5 In Plane Shear Modulus
Adhesion Strength Test to SA2.5 Coefficient of Thermal Expansion
Tensile Strength Test Impact Performance
Burst, Rupture Strength Test Long Term Lap Shear Performance
Barcol Test Cathodic Disbondment

Assuring Long Term Performance Reliability:

40 Years Product History Immediately Cost Effective
Lifetime Warranty Local Service Support 24/7
Zero Maintenance Protects and Rehabilitates High
Temperature and Low Temperature
Rapid Installation Process Pipelines and Ancillaries

Most Tested System in the World

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 TANK LINING AND INDUSTRIAL CLEANING SERVICES
OAK are Industrial Experts with over
150 years of manufacturing experience
with Wil-Cor, Inc, a subsidiary of Armor
Plate, formulators and manufacturers
of Linings, Surfacing Materials,
Mortars, Cements, Grouts and Joint
Materials for Industry.

By serving various types of industry such as Power

Plants, Chlor Alkali, Chemical, Gas Plants, Pulp and
Paper, Refining, Food Processing and Fertilizer, Wil-Cor,
Inc. is a known provider for all your industrial needs.

Credentials and Services:

Industrial Tank Cleaning Solutions
Epoxy Polyester Coatings-Permanent Protective
Coatings-Concrete Structural Repair-Maintenance
and Repair of Plastics-Epoxy Grouting-Epoxy
Pressure Injection

Lifetime Warranty
Rapid Turnaround
Cost Effective Long Term Solution
Secondary Contamination Protective Coatings

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 XHab PIPELINE REHABILITATION TECHNOLOGY
OAK recently signed a partnership agreement to exclusively deliver a revolutionary technology to the O&G and Utilities
industries, with particular focus on the MENA regions. This automated technology will reinstate corroded pipelines back
to their original state without disruption to operations. Reconstruction and rehabilitation of pipelines can
occur whilst operating and without depressurization at a rate up to 1.0km/day.

Technology benefits:
Significant savings versus traditional repair Can reinforce multiple types of anomalies
methods or infrastructure replacement & defects
projects
End result more durable and permanent
Increases wall thickness, thus lifting operating than traditional repair methods and is a
capability permanent solution

Automation enables long lengths of Can reinstate and install up to 1.0km per day
reinforcement of 6-42

Reinforcement is applied while pipeline is Reinstatement whilst pipelines are

operational operating live

Reduces hoop stress, thus meeting class- More cost effective than pipeline replacement
change requirements that increases and option
certifies the MAOP

This innovative technology utilizes ultra- external damage or corrosion, and is an ideal savings unlike the conventional pipeline
high-strength steel and advanced coating solution for lowering hoop stress in class replacement option which means expensive
materials in an automated application to change situations. The technology allows costs due loss of production through
reinforce existing pipelines. It is particularly pipeline operators to protect the public and disruption.
well-suited for long sections of pipeline with the environment while offering significant

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 ENHANCED OIL RECOVERY, BPZ PNEUMATIC SYSTEM
PETROBRAS CENPES has developed and
patented a new method for artificial
lifting in oil wells named BPZ Pneumatic
Pumping System that can double oil PRODUCTION LINE

recovery performance.

The inventor of BPZ, Mr. Zadson Franco, LOW PRESSURE LINE

V2 V3
is now the owner of ENGEPET Company
(Aracaju/Brazil), which, in association with CHECK VALVE
APJEM Tecnologia (Rio de Janeiro/Brazil) has V1 GAS LINE
the rights to commercialize this technology
COMPRESSORS
worldwide and, alongside its associates
Earth, is represented in Bahrain by OAK HIGH PRESSURE LINE

Utility Solutions & Development WLL.

CASING
INTERMEDIATE
BPZ System works in cycles of compression COLUMN
and decompression of gas, using the
compressed gas available in the field.

BPZ can be installed on the existing Xmas

Tree of the oil well, or on new oil wells. CASING EXTERNAL COLUMN

The compressed gas is recycled on the

same way as in gas lift, on equal or lower
volumes OIL AND GAS
BPZ has been used in Brazil and Colombia
by Petrobas very successfully, achieving
unthinkable results over many years

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 COMMODITY TRADING

OAK recently commissioned a new division to trade oil and gas commodities. OAKs key strength lies in its
highly experienced human resource that retains extensive knowledge of the industry and inherent ability
to apply the right technology that will provide value-added solutions globally.

OAKs bulk trading activity includes:

Crude Oil
LNG Trading
Gas Oil
Jet Physical
Industrial Bulk Chemicals Trading
Petrochemicals Trading
Commodity: Iron ore and Coal
Scrap

To support the above activities, we have a well established

set up infrastructure facilities with our Principal Company,
Business Partners & Associate companies.

We pride ourselves on our commitment to embracing the nuances, dynamics and unique sensitivities of lo-
cal markets. OAK value partnerships, our principal objective is to form dynamic and long term partnerships
based on fair and mutually agreed milestone targets wherever in the world we are doing business.

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 TECHNICAL & COMMERCIAL CONSULTATION

Corporate Services

Commercial Development & Structuring

Debt & Equity Project Finance Advisory
Financial Modelling
Mergers & Acquisition Assessment & Evaluation
Project Feasibility Studies
Project Investment Memorandums

Engineering & Design

Equipment Selection
Project Feasibility Studies
Equipment Performance Audits
Front End Engineering Design
Project Progress Reporting
3D Modelling

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 Investments into Utility Projects

OAK currently owns 75% of the project company Key long-term relationships are built and maintained
in Adana, AWEC. AWEC is an SPV designed to de- with leading financial institutions, international and
liver the 1st Waste-to-Energy Plant in the Southern regional banks, strategic investors, private equity
City of Adana, Turkey funds and other interested debt and equity provid-
ers and OAK is able to manage the financial require-
AWEC is registered and licensed in Adana to pro- ments of each development project.
duce power. AWEC will process 400t/d of mainly
MSW and agricultural waste OAK seeks to maximize the investment opportuni-
ties and financial returns available to the strategic
Using advanced Pyrolysis technology, the project investors in its development projects.
company will produce 100 million kwhs of elec-
tricity per annum Co-development agreements, and the opportunity
for the early participation of investors in all pro-
OAK intends to project manage the de- jects, enhances the commercial structure of the
livery on behalf of AWEC through project from inception through to financial closing
a management agreement, provide O&M and pro- and so increases the returns available to investors.
vide structured financial management
Investment Management ultimately ensures that in-
AWEC is a fully developed opportunity that will vestors are fully informed as to progress and ensures
yield $14.0 Million per annum gross income, the that their financial interests are fully protected
plant will be commissioned in 2015
Project Examples;
15k m3/d SWRO Bahrain, 2009

55kTR District Cooling Plant Bahrain, 2010

25kTR District Cooling Plant Saudi Arabia, 2011

The expertise that exists within OAK enables
activities and services such as debt and equity 10k m3/d STP United Arab Emirates, 2012
management to be provided to all project de-
velopment initiatives. 400t/d Waste-to-Energy Turkey, 2014-Present

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 Key Commercial Data

US$ million
Total Electricity Sales  375 Profit as a percentage of Revenue
Recycling Income  40 100%
90%
Total Income  415 80%
70%
Opex  (80) 60%
50%
EBITDA  335 40%
30%
Tax  (54) 20%
10%
Debt Repayments (including interest)  (75) 0%

FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
FY2027
FY2028
FY2029
FY2030
FY2031
FY2032
FY2033
FY2034
FY2035
FY2036
FY2037
Net Cashflows  206

EIRR  30%
Profit % Linear (Profit %)
DSCR  1.9

Project & Equity IRR Through Time

30%

10%
36
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
0
1
2
3
 80%
70%
60%
50%

Project Genesis 40%

30%
20%
10%
0%

FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
FY2027
FY2028
FY2029
FY2030
FY2031
FY2032
FY2033
FY2034
FY2035
FY2036
FY2037
Profit % Linear (Profit %)
US$ million
Assuming 80:20 debt to equity on
US$ 70 million Capex Project & Equity IRR Through Time
30%
OAK owns a 75% share of the project
company, AWEC 10%

Signed government Concession Agreement -10%

FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
FY2026
FY2027
FY2028
FY2029
FY2030
FY2031
FY2032
FY2033
FY2034
FY2035
FY2036
FY2037
FY2038
FY2039
FY2040
FY2041
FY2042
FY2043
Government license to produce power -30%

Electricity sales are in US$, eliminating -50%

currency risk
-70%
Tax incentives, 5 year tax holiday
-90%
Favourable debt terms from national bank(s)
-110%
EOI received from two major GCC
investment firms Equity IRR (Post Tax) Project IRR (Post Tax)

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 CONTACT
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 OAK Utility Solutions & Development WLL

Kingdom of Bahrain (HQ)

11th Floor
Al Salam Tower
Diplomatic Area
Manama
Kingdom of Bahrain

United Arab Emirates

PO Box 12298
Jumeirah Lake Towers
Dubai
United Arab Emirates

Republic of Turkey
AWEC Enerji A.S.
Resatbey Mahallesi Cumhuriyet Caddesi
Ener Apatmani A Blok No.36 Kat 2
Daire.4 Seyhan / Adana
Republic of Turkey

www.oakbh.com | [email protected]

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 Thank you

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