ORPC Investment Opportunity Summary
Valuation History
Total investment of $90MM in ORPC to date, $49MM equity invested
by private investors
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Biggest risks and uncertainties have been retired through prior
(higher risk) investment in successful demonstration projects.
Significant recent transactions based on $32.8MM valuation:
• Conversion of all private debt to equity in 2017
$1.8MM new investment in ORPC convertible preferred stock in 2017
($32.75/preferred share), new significant investor
$3.7MM sale of common stock ($20/share) since 1Q18, 2 new investors
Significant progress since last rounds: JDA's with Hydro-Québec,
CIMA+ and Homer Electric Coop., completion of RivGen® design,
$2.4MM new grant funding from DOE for Igiugig project
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Projected company value between $1.4 to $1.8 billion in 7 years
(based on 8 to 10 times estimated 2025 EBITDA)
www.orpc.co
CONFIDENTIAL & PROPRIETARY
ORPCView entire presentation