MPR AUSTRALIA LIMITED — AGM Information 2016

Oct 27, 2016

TAG PACIFIC LIMITED ANNUAL GENERAL MEETING 2016

Hilton Sydney, 488 George Street, Sydney 28 October 2016

TAGPAC.COM MPOWER.COM.AU

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Strategically investing in power

Strategically investing in power

Our mission is to invest in niche areas of the power industry to create and enhance value and achieve above average returns

Our main investment is in a diverse range of companies and activities that have been brought together primarily to operate under the banner of MPower

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OVERVIEW
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OVERVIEW

• Principal investment is MPower Group, a successful leader in quality integrated power systems and products

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Tag Pacific Limited
MPower Group - Leader in integrated power systems and products
MPower
MPower MPower MPower Business
Projects Products Pacific Services
100% 100%100% 100% 100%
Power system design Distribution of power Power products & Internal support for
& construction system products small scale systems group businesses
for NZ and the Pacific
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FY2016 RESULTS

• Revenue up 4% to $56.5 million

• MPower EBITDA of $0.8 million

• Tag Group improved result of $1.1 million loss after tax and minorities

• Cash at 30 June 2016 of $3.8 million

• NTA of 9.7cps at 30 June 2016

• Recent focus on upskilling management, cost control and logistics

• Increasing pipeline of opportunities since year end

Tag Group revenue by year

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($ million)
58
56
54
52
50
48
46
44
42
40
FY2015 FY2016
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MPOWER AT A GLANCE

MPower is a leading provider of distributed power products and solutions, with particular expertise in renewable energy, hybrid systems and battery storage

• Concept to delivery: design, engineer, install and maintain

• Supply of products and solutions across Australia, New Zealand and the Pacific Islands

• A reputation for innovative and effective technical solutions

• Track record of designing, constructing and supplying power systems and products for critical applications

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“What makes MPower different to other companies is how it combines new and old technologies with a skilled and experienced workforce to create products and power systems that go the distance.

Add state-of-the-art engineering and project management facilities, and MPower is equipped to deliver on all manner of power related projects, stamped with a degree of sophistication that is unparalleled in the region.”

Source: Business Review Australia, May 2016

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DIVERSIFIED ACTIVITIES

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~~Project activities~~

Renewables & battery storage Oil, gas & mining

• Solar projects

• Power generation

• Energy storage

• HVAC

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• Grid stability

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Base business

• Standby power generation

• Spare parts

• Operations & maintenance

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Solar

• Solar panels

• Grid-connected inverters

• Off-grid inverters

• Balance of system

~~Distribution activities~~

Bardic emergency lighting

Battery storage

• Emergency lighting

• Residential battery storage

• Exit lighting

• Commercial battery storage

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• •

• Off-grid & back-up battery storage Remote monitoring systems

• • Industrial applications

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UNIQUE HIGH-END FOCUS

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Large, high
Large commercial Hybrid energy Battery storage Oil, gas & mining
and industrial specification systems & mini- stabilisation & grid systems in critical
backup
solar systems grids inter-connections areas
generation
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REPUTATION FOR INNOVATION & CAPABILITY

• MPower has been recognised for its innovation and technical capabilities

• Projects completed include work for major utilities and global leading energy providers

• MPower has received awards for engineering, design, business performance and export commitment

• MPower’s commitment to quality is reinforced by its accreditation to the International Quality Assurance Standard ISO9001, OH&S accreditation to AS4801 and Environmental accreditation to IS14001

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PROJECT HIGHLIGHTS

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WEIPA SOLAR FARM – STAGE 1

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DESCRIPTION

First commercial diesel displacement solar plant of its size at a remote Australian mine site

Connects to a diesel mini-grid owned by Rio Tinto

SIZE

1.7 MW solar PV

LOCATION

Weipa, Queensland (800 km northwest of Cairns)

CLIENT

First Solar

Supplies power to Rio Tinto bauxite mine, processing plant, township and port

FEATURES

Provides 20% of the town’s electricity needs (population 3,000)

Substantial saving of greenhouse gas emissions

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DESCRIPTION

Design and construct large scale grid-connected solar PV plants across two sites

SIZE

5 MW solar PV

LOCATION

Samoa

CLIENT

First Solar

Power purchased by local power utility

FEATURES

International procurement Offshore construction Engaged & upskilled local labour

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UQ ENERGY STORAGE FACILITY

DESCRIPTION

Landmark energy storage project at the University of Queensland Australia’s first large scale energy storage system to be operated alongside a solar power plant

SIZE

800 kilowatt hours utilising lithium-ion battery technology

LOCATION

Gatton, Queensland

CLIENT

University of Queensland

FEATURES

The scale, flexibility and capability built into the management and control systems allows for a wide variety of scenarios

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DISTRIBUTION HIGHLIGHTS

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NEXT GENERATION BARDIC RANGE

• The Bardic emergency lighting range has just been revamped

• The range now incorporates many smart features which save energy and facilitate remote monitoring and control

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• New products have been designed inhouse and manufactured overseas under contract

• Project opportunities are being targeted

• The pipeline for emergency and exit lighting solutions is building

• Branding has been unified under the Bardic brand, one of the oldest and most respected names in the industry

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TRINABEST ALLIANCE

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• MPower has announced an alliance with TRINAbest, a leader in battery storage products

• MPower will market TRINAbest’s lithium-ion phosphate PowerCubes across Australia and New Zealand

• The system is AC-coupled, allowing it to operate independently of the grid during outages

• Modular lightweight design for ease of residential installation

• Ideal for existing residential solar systems – ability to retain existing inverter

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LOOKING AHEAD

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SPECIFIC GROWTH OPPORTUNITIES

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Pre-packaged Complex hybrid Emergency lighting solutions power systems …the opportunity to …an extension of the …ongoing development offer existing bespoke existing business that of emergency and exit solutions in a broadens project and lighting technology to modularised form or as customer opportunities target larger pre-packaged solutions opportunities

Large scale renewable Development and Solar & battery projects ongoing ownership storage …new grid-connected …an extension of the …supplying solar and battery storage products projects on a larger scale existing business into for residential, (5MW+) extend project asset ownership, sale of commercial and off-grid opportunities power and increased applications scale

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possibility of strategic collaborations with other parties

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WELL TIMED TO MARKET CYCLES

• MPower is primed for a substantial increase in the scale of its operations

• The market for solar PV and hybrid power products and solutions in Australia and the Pacific is preparing for a super-growth phase driven by:

• Reduction in the cost of renewables – solar PV in particular

• Technical improvements in storage technology

• Changing community and business attitudes on renewables

• Supported by Australian government RETmandated growth of renewables

• MPower is well positioned for the next phase of growth

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APPENDIX: SHARE INFORMATION

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SHARE INFORMATION

• 124.3 million shares on issue (ASX: TAG)

• 10.0 million listed options on issue (exercisable at $0.1929) (ASX: TAGO)

• NTA of 9.7 cents per share at 30 June 2016

Shareholders

Shareholders
	ordinary shares	listed options
Anthony Australia (Wise family)	46%*	50%
Sharp & associates	7%	-
KV Management (Nominees)	7%	10%
1,500 shareholders	40%	40%

• Total relevant interest of 53%

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Phone +61 2 8275 6000 Level 30 Piccadilly Tower TAGPAC.COM Fax +61 2 8275 6060 133 Castlereagh Street MPOWER.COM.AU Email info@tagpac.com GPO Box 4032 Sydney NSW 2001 Australia

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