September 26, 2016 1:53 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Energy Developments Ltd.

Company Overview

Energy Developments Limited engages in the development and operation of power generation projects. It is involved in project development, finance, design, operation, and maintenance of power generating and energy delivery projects. The company generates power using a range of fuel sources, such as remote energy, natural gas, liquefied natural gas, compressed natural gas, diesel, landfill gas, and waste coal mine gas. In addition, it generates and sells environmental credits in international, national, and state-based schemes; and provides greenhouse gas emissions energy and remote energy solutions. The company owns and operates various power stations with a generation capacity of approximate...

Garden City Office Park

Building 17

2404 Logan Road

Eight Mile Plains, QLD 4113

Australia

Phone:

61 7 3275 5555

Fax:

61 7 3341 5150

Key Executives for Energy Developments Ltd.

Chief Executive Officer, Managing Director, Executive Director and Member of Occupational Health Safety & Environment (OHSE) Committee
Chief Executive Officer of Energy Developments Inc
Chief Executive Officer of UK and Europe
Head of Corporate Strategy / Mergers & Acquisitions
Compensation as of Fiscal Year 2016.

Energy Developments Ltd. Key Developments

Energy Developments Pty Limited Announces Executive Changes

Energy Developments (EDL) announced that Mr. James Harman, most recently Group Head of Business Development at Anglo American in London, has been appointed as the new Chief Executive Officer of EDL, commencing in mid October this year. EDL’s Managing Director and CEO, Mr. Greg Pritchard, will retire in mid October after 15 years of service to EDL. Mr. Pritchard joined EDL as Finance Director in mid 2001 and became Managing Director and CEO in December 2007.

Energy Developments Reports Audited Earnings and Operating Results for the Year Ended June 30, 2016

Energy Developments (EDL) reported audited earnings and operating results for the year ended June 30, 2016. For the year, the company reported total revenue was AUD 442.5 million against AUD 448.7 million a year ago. EBITDA was AUD 232.8 million against AUD 218.2 million a year ago. Core revenue was AUD 425.9 million against AUD 428.0 million a year ago. Adjusted EBITDA was AUD 232.8 million against AUD 218.2 million a year ago. SIB Capex was AUD 32.7 million against AUD 33.4 million a year ago. Proportionate earnings were AUD 167.9 million against AUD 109.4 million a year ago. Cash flows from operating activities was AUD 182.7 million against AUD 183.6 million a year ago. Purchase of PP&E and intangibles was AUD 84.9 million against AUD 60.3 million a year ago. Unconsolidated cash flow was AUD 131.1 million. Net senior debt as of June 30, 2016 was AUD 438.7 million against AUD 492.6 million as of June 30, 2015. For the year, the company reported generation of 4,020 Gwh against 4,080 Gwh a year ago. Installed capacity was 903 MW against 900 MW a year ago.

DUET Seeks Acquisition Opportunities

DUET Group (ASX: DUE) is seeking acquisition opportunities. DAVID BARTHOLEMEW, the Chief Executive Officer said recently that “We have always been interested in acquiring more of our existing businesses at an appropriate price. We now hold 100% aggregate ownership interests in four of our five businesses and we remain interested in acquiring the remaining 34% of United Energy should the opportunity arise. We look to grow Energy Developments Ltd.’s revenue base through acquisitions and through organic growth opportunities and we'll aim to refinance debt maturities on competitive terms. We'll continue to explore new opportunities to invest in accretive energy infrastructure opportunities.”

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