BVP Wind Bond Financial Information Mark Richardson BVP Wind Bond - PDF document

5/22/2013 BVP Wind Bond Financial Information Mark Richardson BVP Wind Bond Highlights • 8 year loan note • Funds secured on the project assets • 10% coupon with ongoing capital repayments • Biannual Repayments • Investing in medium (250 kW) wind turbines in NI • Target fund raise of € 2,000,000 • Open to all investors incl. SSAP investors 1

5/22/2013 Illustrative Expected Repayments Amount Invested € Biannual Repayment € Total Repayments € 25,000.00 2,306.75 36,908.00 50,000.00 4,613.50 73,816.00 75,000,00 6,920.25 110,724.00 100,000.00 9,227.00 147,632.00 125,000.00 11,533.75 184,540.00 150,000.00 13,840.50 221,448.00 175,000.00 16,147.25 258,356.00 200,000.00 18,454.00 295,264.00 • Repayment due at month 6 will be deferred until month 24 Project Financials • Projections completed using “P90” • Bankable wind production figure • Generating income from day 1 of operation 2

5/22/2013 Project Revenues & Costs • Project Revenues per MWh • PPA agreement in place • Electricity • ‘Levy Exemption Certs’ • ROCs • Project Costs • Admin, Insurance etc • O&M • Land Rent Illustrative Project Cashflows All figures in £ Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 65,148 199,994 219,943 225,442 236,855 242,776 248,846 Receipts 231,078 (21,394) (51,345) (58,043) (64,074) (67,499) (71,117) (74,947) (79,007) Outgoings Loan Repayments (-) (106,592) (159,888) (106,592) (106,592) (106,592) (106,592) (106,592) 54,776 Net Cashflow 43,754 42,057 2,012 56,987 59,146 61,237 63,247 Cumulative 142,600 199,588 43,754 85,812 87,825 258,734 319,972 383,219 Cashflows 3

5/22/2013 Key Attractions • Unleveraged Projects • No Senior Debt Instrument • BVP Wind Bond ranks first for repayment • Strong Revenue Streams • Sale of electricity generated via PPA contract • UK Government backed ROCs • Asset backed project • Loan Note has recourse to the project assets • Experienced Investment Manager • BVP has raised & invested 6 BES/EII clean tech Funds For More Information: Elliott Griffin or Mark Richardson elliott@bvp.ie mark@bvp.ie (01) 657 2900 4