Green Energy, On Demand
Sources
$M¹
Existing cash (31 December 2021)
Equity Raising
$36.62
$40.00
New BBP Debt Facility
$35.00
Total
$111.62
Sources and Uses
Proceeds from the Placement and a new $35M debt facility will be used to reach
financial close and fund construction of the BBP, with proceeds being applied to:
1) BBP Capital Expenditure
•
Total all-in capital expenditure of $60.0M², inclusive of finance costs and contingency.
•
$35.0M new 14-year fixed rate senior debt facility to underpin capex, with balancing $25.0M
provided by proceeds of the equity raising.
2) Repayment of CEFC Facility
$3.0M committed to repayment of the short term tranche of funds advanced in May 2021 under the
existing CEFC facility for K2-Hydro, as per the agreed repayment terms of that facility.
3) General Working Capital and Costs of the Placement
Uses
•
The balancing $16.5M will be applied to:
•
General working capital for Genex to continue to implement its portfolio development
strategy during the construction phase of K2-Hydro and the BBP; and
•
Transaction costs associated with the Placement.
Genex | Green Energy, On Demand | Presentation
SM¹
BBP Capex²
$60.00
Repayment of K2-Hydro CEFC facility
$3.00
Current cash committed to projects (DSRA, K2-Hydro etc.)³
$32.14
Working Capital and costs of equity raising
$16.48
Total
$111.62
Note 1: Calculated based upon completion of the Placement, excluding any proceeds from the Share Purchase Plan
Note 2: Subject to movements in the AUD:USD exchange rate
Note 3: Portion of current cash balances committed to K2-Hydro, Jemalong Solar Project and Kidston Solar Project ie. DSRAS,
construction contingency accounts etc.
5View entire presentation