MPR AUSTRALIA LIMITED — AGM Information 2017

Nov 27, 2017

TAG PACIFIC LIMITED ANNUAL GENERAL MEETING 2017

Hilton Sydney, 488 George Street, Sydney 28 November 2017

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 over time

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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SECTION 1: 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
& integration system products small scale systems group businesses
for NZ and the Pacific
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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 energy 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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FY2017 RESULTS – SUMMARY

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UNIQUE HIGH-END PROJECT FOCUS

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Large, high
Large commercial Hybrid energy Energy 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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DIVERSIFIED ACTIVITIES

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Renewables & battery storage

• Solar projects

• Energy storage

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• Grid stability

~~Project activities~~

Oil, gas & mining

• Power generation

• HVAC

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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~~

Battery storage

• Residential battery storage

• Commercial battery storage

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• Off-grid & back-up battery storage

• • Industrial applications

Bardic emergency lighting

• Emergency lighting

• Exit lighting

• Remote monitoring systems

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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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ENERGY STORAGE JOURNEY

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Remote Area Grid Stability Residential Energy
Power Systems Systems Storage
for remote applications 1 [st] generation systems for A three year trial with new Grid Stability
such as National Parks remote communities lithium technology in ten System
(Northern Territory) houses for a utility
2 [nd] generation system for a
remote community
1990’s onwards 2012 2013
(Western Australia)
2014
Bright future for remote energy storage, hybrid systems and
utility applications
Medium scale
energy storage
NSW’s largest grid Large scale energy Grid Stability for an energy research
facility (Queensland)
support battery storage System
for a utility featuring grid for a utility in the Pacific 3 [rd] generation system
augmentation and Islands incorporating Cloud 2015
microgrid functionality Prediction Technology
2017 2017 2016
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SECTION 2: HIGHLIGHTS

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COOK ISLANDS ENERGY STORAGE

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DESCRIPTION

Design and construct large scale grid-connected battery energy storage system

SIZE

5.6 MWh battery energy storage system

LOCATION

Cook Islands

CLIENT

Local power utility

DATE

Awarded June 2017

FEATURES

Larger than any grid-connect energy storage system operating in Australia Provides flexibility to manage increasing renewable generation

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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

DATE

Completed 2017

FEATURES

International procurement Challenging location Engaged & upskilled local labour

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NSW’S LARGEST GRID SUPPORT BATTERY

DESCRIPTION

Design, build and integrate a battery storage network augmentation system for a new residential estate

LOCATION

Illawarra region, NSW

CLIENT

Endeavour Energy

DATE

Awarded October 2017

FEATURES

The main objective is to augment the grid in times of peak demand, potentially delaying the need for major capital expenditure The sophisticated system will also be capable of forming its own grid and function as an islanded power system

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STORAGE WITH CLOUD PREDICTION

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DESCRIPTION

Integrated cloud prediction technology into a battery storage project with grid stability technology

SIZE

1 MW solar farm with energy storage

LOCATION

Karratha Airport, Western Australia

DATE

Commissioned end of 2016

FEATURES

Design and installation of a battery storage system to sit alongside a 1MW solar PV farm at Karratha Airport.

The battery storage system includes advanced cloud prediction technology that tracks cloud cover and enables the amount of battery storage to be optimised

Provides reliable and cleaner operational power

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NEXT GENERATION BARDIC RANGE

• The Bardic emergency lighting range has 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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BROADSPECTRUM CONSORTIUM

• MPower and Broadspectrum formed a consortium in early 2017 to target large scale renewable projects in Australia

• Broadspectrum has the capacity to invest, build, operate and maintain infrastructure underpinned by its strength of services to a diverse range of sectors

• The parties are working together to jointly identify, pursue and construct large scale solar installations in Australia

• Broadspectrum leads the construction activities and MPower leads the engineering and design activities, reflecting the strengths each party brings to the consortium

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DEVELOPING HYBRID RESIDENTIAL SYSTEMS

DESCRIPTION

Hybrid residential trial integrating solar, gas power generation and battery storage

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PARTNER

Jemena

LOCATION

New South Wales

DATE

First installations from December 2017

FEATURES

Two concepts have been developed by MPower

5kW of solar PV and 25kW battery storage with a micro gas cogeneration unit or gas generator

Latest battery storage technology will enable greater energy security

Systems will run parallel to the grid with the aim of eliminating electricity usage from the grid

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SECTION 3: LOOKING AHEAD

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GROWTH OPPORTUNITIES

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 specific growth opportunities have been identified Large scale renewable Development and Solar & storage

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

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APPENDIX: OTHER INFORMATION

“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.”

Business Review Australia (2016)

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SHARE INFORMATION

• 124.3 million shares on issue (ASX: TAG)

• NTA of 6.4 cents per share at 30 June 2017

• 10.0 million listed options expired on 4 October 2017 (ASX: TAGO)

Shareholders

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

• Total relevant interest of 53%

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PEOPLE

Tag Pacific Limited

Peter Wise	Chairman
Nathan Wise	Chief Executive Officer
Gary Cohen	Non-executive director
Robert Constable	Non-executive director
Robert Moran	Non-executive director
Darrell Godin	Chief Financial Officer

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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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