TSX-V: REO               Renewable Energy in Southeast EuropeOctober 2011
Forward Looking Statements This presentation contains forward-looking statements and factual information that are current ...
Company Overview •   Reservoir Capital Corp (REO.V) is a hydro-focused renewable energy company based in     Southeast Eur...
Why Hydro Power? •   Renewable energy that is clean, safe, uses no fuel, provides predictable     supply and long-term cas...
Why Southeast Europe? •   The EU has mandated that 20% of its power will be renewable by 2020 and     most countries have ...
Reservoir Capital Strategy •   Mission: To build a profitable renewable energy business in Southeast Europe. •   Current d...
Attractive Italian Energy Market                              Green Certificate Monthly Average Price between 2006-2011(€/...
Attractive Italian Energy Market    Combined Italian Electricity and Green Certificate Monthly Average Price 2006-2011 (€ ...
Project Overview   Vojvodina                Vrutci   Geothermal               Peak Power Hydro   3 exploration permits    ...
Serbian Hydro ProjectsBrodarevo 1 – Run of River (Lim River, Serbia)• 26.0 MW Optimized Design• Design Flow of 150m3/s• He...
Bosnian Hydro ProjectsLuke – Run of River• 5.0 MW• Mean Flow of 20.75m3/s• Gross Head of 21m• 57.07% Capacity Factor• Proj...
Brodarevo 1 and 2 Hydro Projects• Pre-Feasibility studies completed June 2010.  Dam sites and conceptual designs defined, ...
Vrutci Hydro Project •   Existing 240m-long, 77m-high dam. Water reservoir contains 64Mm3 and is     surplus to the requir...
Cehotina Hydro Projects•   3 Smaller Hydro Projects•   Estimated Total Production of 88    GWh/year•   Capacity Factors be...
Serbian Geothermal ProjectsVranjska Banja – southern Serbia• Permit covers 17.5km2• 2 existing geothermal wells in the are...
Electricity Transmission to ItalyTSX-V: REO           www.reservoircapitalcorp.com   16
Project AssumptionsProjects                        Brodarevo 1 Brodarevo 2                  Luke      Falovici   Godijeno ...
Strong Management •   Miles Thompson, Executive Chairman – ex-Gold Fields, +25 years natural resource project     manageme...
Capital Structure TSX- V: REO Issued Shares                                              47.8 M Options                   ...
Investment Highlights •   Experienced management with well-established relationships with local     and federal government...
Contact InformationChristopher MacIntyreVice-President Corporate DevelopmentE-Mail: cmacintyre@reservoircapitalcorp.comCDN...
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Corporate Presentation

  1. 1. TSX-V: REO Renewable Energy in Southeast EuropeOctober 2011
  2. 2. Forward Looking Statements This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. Reservoir Capital Corp., and its subsidiaries disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future development activities, expenditures, permitting, and requirements for additional capital and access to data. Forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks related to actual results of project development activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of projects; future prices of electricity; accidents, labor disputes and other risks of the power industry; ability to obtain financing; and delays in obtaining governmental approvals of financing.TSX-V: REO www.reservoircapitalcorp.com 2
  3. 3. Company Overview • Reservoir Capital Corp (REO.V) is a hydro-focused renewable energy company based in Southeast Europe, with a development portfolio comprising 108 MW of hydroelectric projects in Serbia and Bosnia and an extensive deal pipeline. • The Company’s flagship projects, the Brodarevo 1 (26.0MW) and Brodarevo 2 (32.4MW) hydroelectric projects are projected to complete Feasibility Studies in the H2-11, while Vrutci (32.9MW) and Cehotina (17.75MW) are in the licensing phase. • In June 2011, the Company completed a Power Purchase Agreement with GDF Suez Energia Italia S.p.A. a wholly-owned subsidiary of the GDF Suez Group to buy power from Brodarevo for export and distribution into the Italian market at prevailing market prices and pass on to the Company the value of any incentives generated by the project. • In October 2011, the Company completed a divestment of its Serbian portfolio of 8 highly-prospective precious and base metal properties through a spin-out to create Reservoir Minerals Inc (RMC.V).TSX-V: REO www.reservoircapitalcorp.com 3
  4. 4. Why Hydro Power? • Renewable energy that is clean, safe, uses no fuel, provides predictable supply and long-term cash flows. • Higher capacity factors (45-55%) than wind and solar (20-30%) • A proven technology in use for over a century (e.g. Niagara Falls), currently providing about 20% of the worlds electricity (>30% in the Balkan region). • Electricity consumption globally is expected to double by 2030, primarily in developing countries, where there is still hydro development potential. • Grids love hydro because of its flexibility – can switch it on and off, call the power when most needed and with the right set-up, take power back when the grids are overloaded.TSX-V: REO www.reservoircapitalcorp.com 4
  5. 5. Why Southeast Europe? • The EU has mandated that 20% of its power will be renewable by 2020 and most countries have introduced preferential feed-in tariffs and credits to encourage and support new development. • Predominance of wind and solar (intermittent power), so 33% of the power base (currently 16%) needs to be renewable to 20% production target. Several countries are foregoing the nuclear option in favor of more renewable energy. • Utilities and grids need more hydro projects to maintain grid stability. Central and Southeastern Europe has the only significant undeveloped potential. • Most of Southeast Europe is in or joining the EU and there is already a free trade agreement managed by the EU covering the regional grid. • Italy plans to fulfill part of its EU renewable energy obligations by investing in the Balkans and is signing bilateral deals with Albania, Montenegro, Bosnia and Serbia to import renewable energy through new subsea cables.TSX-V: REO www.reservoircapitalcorp.com 5
  6. 6. Reservoir Capital Strategy • Mission: To build a profitable renewable energy business in Southeast Europe. • Current development pipeline of 108 MW of hydro projects in Serbia and Bosnia. • Organic growth plans in Serbia, Bosnia, Montenegro, Macedonia and Turkey. • Building a portfolio of prospective geothermal projects in Serbia and the region. • Seeking premium pricing for electricity sales by selling into the EU to capture subsidies and incentives.TSX-V: REO www.reservoircapitalcorp.com 6
  7. 7. Attractive Italian Energy Market Green Certificate Monthly Average Price between 2006-2011(€/MWh) € 110.00 € 106.70 € 105.99 € 105.19 € 105.00 € 101.94 € 99.06 € 98.93 € 99.62 € 100.00 € 97.79 € 98.35 € 96.21 € 93.78 € 94.15 € 95.00 € 90.00 € 85.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Electricity Monthly Average Price between 2006-2011 (€/MWh) € 75.88 € 78.00 € 80.00 € 74.01 € 72.74 € 75.01 € 73.73 € 74.04 € 69.83 € 72.74 € 63.82 € 65.43 € 66.77 € 70.00 € 60.00 € 50.00 € 40.00 € 30.00 € 20.00 € 10.00 €- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecData Source: Gestore Mercati Energetici TSX-V: REO www.reservoircapitalcorp.com 7
  8. 8. Attractive Italian Energy Market Combined Italian Electricity and Green Certificate Monthly Average Price 2006-2011 (€ MWh) €185.00 €182.57 €179.99 €180.00 €175.67 €175.02 €174.21 €173.67 €175.00 €171.51 €169.16 €170.00 €166.52 €164.36 €164.56 €165.00 €162.88 €160.00 €155.00 €150.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Italian Electricity and Green Certificate Monthly Average Price between 2006-2011 (€/MWh)€ 200.00€ 150.00€ 100.00 € 50.00 €- 2006 2007 2008 2009 2010 2011Data Source: Gestore Mercati Energetici TSX-V: REO www.reservoircapitalcorp.com 8
  9. 9. Project Overview Vojvodina Vrutci Geothermal Peak Power Hydro 3 exploration permits 32.9 MW (98km2) Vranjska Banja Brodarevo 1 & 2 Geothermal Run of River Hydro 1 exploration permit 58.4 MW (17.5Km2) Cehotina Run of River Hydro 17.5 MW Geothermal Project Hydro Electric ProjectTSX-V: REO www.reservoircapitalcorp.com 9
  10. 10. Serbian Hydro ProjectsBrodarevo 1 – Run of River (Lim River, Serbia)• 26.0 MW Optimized Design• Design Flow of 150m3/s• Head of 19.73m• 44.93% Capacity Factor• 102.33 GWh/year• Construction Cost €71.099 MBrodarevo 2 – Run of River (Lim River, Serbia)• 32.4 MW Optimized Design• Design Flow of 150m3/s Brodarevo Dam Location• Head of 24.7m• 46.01% Capacity Factor• 130.59 GWh/year• Construction Cost €68.830 MVrutci Project - Peak Power (Djetinja River, Serbia)• 32.9MW Conceptual Design• Designed Flow of 143m3/s• Existing 77m high control structure with storage of 54,000,000m3• Net Annual Production 42.23GWh, capitalizing on peak pricing Vrutci LocationTSX-V: REO www.reservoircapitalcorp.com 10
  11. 11. Bosnian Hydro ProjectsLuke – Run of River• 5.0 MW• Mean Flow of 20.75m3/s• Gross Head of 21m• 57.07% Capacity Factor• Projected output 25GWh/yearFalovici – Run of River• 9.0 MW• Mean Flow of 21m3/s• Gross Head of 40m• 57.07% Capacity Factor• Projected output of 45GWh/yearGodijeno – Run of River• 3.75MW• Mean Flow of 21.8m3/s• Gross Head of 14.25m• 54.79% Capacity Factor• Projected output 18GWh/yearTSX-V: REO www.reservoircapitalcorp.com 11
  12. 12. Brodarevo 1 and 2 Hydro Projects• Pre-Feasibility studies completed June 2010. Dam sites and conceptual designs defined, conceptual engineering and costing defined.• Optimization has increased capacity to 58.4MW (was 48MW), with estimated production of approximately 232GWh/yr (was 189GWh/yr)• Breakeven price of electricity equaling €76.5/MWh at an 8% discount rate.• Feasibility studies targeting completion H2- 2011. Construction start-up in 2012, operational 2015.TSX-V: REO www.reservoircapitalcorp.com 12
  13. 13. Vrutci Hydro Project • Existing 240m-long, 77m-high dam. Water reservoir contains 64Mm3 and is surplus to the requirements of the town of Uzice for which it was built. • An Energy License application has been filed with the Ministry of Energy, prepared with and supported by local community. • Phase-1 divert part of the discharge for a 5-6MW small-hydro facility. Phase-2 build tunnel to create enough head for a 32MW peak power facilityTSX-V: REO www.reservoircapitalcorp.com 13
  14. 14. Cehotina Hydro Projects• 3 Smaller Hydro Projects• Estimated Total Production of 88 GWh/year• Capacity Factors between 54.79% & 57.07%• Preliminary Capital Cost Estimates ~€40.00MTSX-V: REO www.reservoircapitalcorp.com 14
  15. 15. Serbian Geothermal ProjectsVranjska Banja – southern Serbia• Permit covers 17.5km2• 2 existing geothermal wells in the area• Geothermal resources indicate:• Flow rate of approx. 25 l/sec• Outflow temp. range of 83 ̊C- 105 ̊C• Exploration program on-goingVojvodina Province – northern Serbia• 3 exploration permits:• Banatsko Arandjelovo (48km2)• Aadorijan (22.5km2)• Kutusina (27.5km2) Existing Geothermal Well in the Vranjska Banja areaTSX-V: REO www.reservoircapitalcorp.com 15
  16. 16. Electricity Transmission to ItalyTSX-V: REO www.reservoircapitalcorp.com 16
  17. 17. Project AssumptionsProjects Brodarevo 1 Brodarevo 2 Luke Falovici Godijeno VrutciCommissioning Date 31-Dec-14 30-Jun-15Life of Project (Years) 30 30 30 5Total Capital Cost (€ MM) € 71,099 € 68,830 € 12,735 € 20,071 € 12,938 € 49,350Total Capital Cost (€ / MW) € 2,735 € 2,124 € 2,626 € 2,230 € 3,546 € 1,542Capacity (MW) 26 32 5 9 4 32Estimated Annual Output (MWh) 102,361 130,559 20,303 33,602 15,710 42,600Capacity Factor (%) 45% 46% 57% 57% 55% 15%Corporate Tax Rates 10% 10% 10% 10% 10% 10% TSX-V: REO www.reservoircapitalcorp.com 17
  18. 18. Strong Management • Miles Thompson, Executive Chairman – ex-Gold Fields, +25 years natural resource project management and M&A in emerging markets. • Miljana Vidovic, President – ex-Manager Business Development for Tractebel Engineering (EDF Suez Group) in Southeast Europe. • Chris MacIntyre, Vice-President, Corporate Development – ex-UNX Energy Corp. • Milan Cusic, Deputy Director REV Serbia – engineer with +15 years with Serbian State Utility, most recently as Chief Hydro Engineer. Responsible for the Company’s hydro projects. • Aleksandar Obrenovic, Director SEE Serbia – geologist with +20 years experience in natural resource sector, ex-Geological Survey. Responsible for the Company’s geothermal projects. • Alain Dumont, Chief Consulting Engineer – 20 years developing energy projects with Electrobel (EDF Suez Group) throughout Europe. • Momo Malis, Consulting Engineer Bosnia - +30 years with Bosnian State Utility. • Mike Carter, Hydro Development Consultant – First Green Energy, ex-Regional Power. • Anthony Allen, Business Development Consultant – ex-Weston Solutions, energy and environmental consultant.TSX-V: REO www.reservoircapitalcorp.com 18
  19. 19. Capital Structure TSX- V: REO Issued Shares 47.8 M Options 2.54 M Warrants 3.43 M Fully Diluted Shares 53.14 M Cash Position ~$5.0 M Management Ownership 4.8M (10%) 52 Week H/L $ 2.57/$0.57TSX-V: REO www.reservoircapitalcorp.com 19
  20. 20. Investment Highlights • Experienced management with well-established relationships with local and federal governments • 108 MW hydroelectric development pipeline; growing through addition of new project applications and acquisitions in the region • Purchase Power Agreement with the World’s Largest Utility to sell electricity into the Italian Market • Advanced Brodarevo Projects scheduled to complete feasibility studies and start construction in 2011-12. • Vrutci and Cehotina new hydro projects under application. • Four new geothermal licenses granted in 2010, Vranjska Banja already undergoing reservoir testing.TSX-V: REO www.reservoircapitalcorp.com 20
  21. 21. Contact InformationChristopher MacIntyreVice-President Corporate DevelopmentE-Mail: cmacintyre@reservoircapitalcorp.comCDN Phone: +1 (416) 703 0010SRB Phone: +381 (6) 357 1425TSX-V: REO www.reservoircapitalcorp.com 21
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