Syntaris Power - Company Overview
  Private, independent clean energy company with an emphasis on small scale
  hydroelect...
Syntaris Power - Positioned to Succeed
Objective: become leading developer of renewable energy in BC and
 beyond
• Near-te...
Opportunity: Power Shortage in BC


                                Electricity Shortage
                                •...
Strong Support for Renewable Power in BC
• 2007 BC Energy Plan
     – Be electricity self sufficient by 2016              ...
Pursuing The Syntaris Vision

  Syntaris Power Corp.

              Capital     Asset
 Developer
              Finance   M...
The Syntaris Vision is coming Together

                        PROJECT EXPERTISE                                 PROJECT ...
SYNTARIS’ BC RENEWABLE PORTFOLIO




                                   8
Syntaris Project Summary
  2008 BC Hydro RFP
  Kinskuch Lake            76 MW
  Maselpanik Creek         13 MW
  Culliton ...
Kinskuch Lake Project                 Culliton Creek Project               Maselpanik Creek




 Located in the coastal r...
Syntaris Project Summary
Syntaris has submitted bids for the following projects:

                                     Ann...
Valuation Estimates for Run of River Projects
   Early stage valuations would indicate a value of $3M per MW.
 Greater t...
Sources / Uses
(through 2016, $ millions)


Sources                              Uses
Private Placement            $70.0  ...
Equity Tranches
($ millions)

2009            $6.0
2010-2011      $36.5
2012           $27.5
Total          $70.0




    ...
Why Syntaris Power?
• Right Industry


• Right Management and Technical Team


• Right Partners


• Right Projects




   ...
Syntaris
Private Placement
Summaries




                    16
Private offerings under Offering Memorandum

Total $4 million available for Eligible Investors in 2 offerings by Offering
...
THANK YOU!
  QUESTIONS?
 For more details
   and updates
      VISIT
www.syntaris.com
                    18
Appendix




           19
Run of River Power
                                                                          Weir
• Unlike traditional hyd...
BC Hydro’s 2008 RFP Pricing
                             Monthly Pricing by Time of Day In Yr 1 of Contract

             ...
Run of River vs. Other Electrical Generation




Power Generation in Canada (2006)

                                      ...
Officers & Directors
Syntaris Power Corp has assembled a superb and seasoned management team
with an impressive global tra...
Syntaris Officers & Directors
Robert Fraser – President & CEO
Mr. Fraser has 25 years of experience in managing corporate ...
Syntaris Officers & Directors
Michael Weiss, M.B.A. – VP Corporate Finance
Mr. Weiss has over 15 years of experience as a ...
Syntaris Officers & Directors
Michael Wise, P.Eng., M.B.A. – VP Project Development
Mr. Wise has over 15 years of experien...
Culliton
Creek
15 MW




           27
Maselpanik
  Creek
 13 MW




             28
Chipmunk
 Creek
 10 MW




           29
Kinskuch Lake Project




                        76 MW project in the
                        coastal region of
         ...
Kinskuch Lake Project




                        76 MW project in the
                        coastal region of
         ...
Culliton Creek Project



                         15 MW non-
                         storage hydro
                     ...
Chilliwack Valley Cluster


                            Proposed multi-intake, non-
                            storage hy...
Investing in the Green Energy Era
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Investing in the Green Energy Era

  1. 1. Syntaris Power - Company Overview Private, independent clean energy company with an emphasis on small scale hydroelectric power generation projects • Unique power generation opportunity in British Columbia – Long-term power shortage – Strong government support and financing for renewables – Topography and climate uniquely suited to hydro and run-of-river • Strong pipeline of project bids and identified opportunities in BC, USA and beyond – Three Tier 1 project bids submitted under BC Hydro’s Call for Clean Power – a combined 104 MW of capacity – 38 additional projects with water license applications, total capacity of 536 MW – Launched Evergreen Power Corp (US) over the summer. Goal of acquiring renewable assets in the US and other countries – Evergreen currently has a major asset, Soule River in Alaska – Evergreen is currently in negotiations for several renewable assets in the US and abroad. • Co-development partnership with premier Canadian utility – Strategic partnership with ENMAX Corporation (C$2.6 billion power utility) for co-development of run-of-river projects in BC. • Strong team of management and technical talent • Syntaris has completed an IPO/Equity engagement with Raymond James 2
  2. 2. Syntaris Power - Positioned to Succeed Objective: become leading developer of renewable energy in BC and beyond • Near-term Focus: Execution of projects bid upon in BC Hydro’s 2008 RFP – 3 project bids: 104 MWs – Projected after-tax IRR of 22% • Medium-term Focus: Small hydro in BC- Begin Diversification strategy. – 38 water license applications in 7 other areas – 536 MWs of total capacity – Diversification and expansion strategies in motion. • Partnership with Enmax – Calgary based energy utility serving over 1 million customers; $1.4 billion of shareholders’ equity – Strong operating and financial partner which strongly increases bid probability. • Formal Engagement with Raymond James to raise $50 million upon award of EPA • Indicative project debt financing arrangements in place 3
  3. 3. Opportunity: Power Shortage in BC Electricity Shortage • No major capacity built in 20 years in BC • Demand growth @ 2%-3% per annum • BC imports 13%-18% of electricity • 1 in 8 homes powered by imported electricity Gap = (40,000 GWh) 4
  4. 4. Strong Support for Renewable Power in BC • 2007 BC Energy Plan – Be electricity self sufficient by 2016 “ The BC Energy Plan sets out a strategy for reducing our – 33% reduction BC’s GHGs by 2020 greenhouse gas emissions and commits to unprecedented • BC Hydro investments in alternative technology” – Canada’s 3rd largest electric utility Gordon Campbell, Premier of British Columbia – Committed to 90% renewable power – 2008 RFP for 5,000 firm renewable GWh’s • Jan 2009 commitment to more if economically feasible • First Nations – Broadly committed to renewable energy 5
  5. 5. Pursuing The Syntaris Vision Syntaris Power Corp. Capital Asset Developer Finance Management RENEWABLE ENERGY SECTOR 6
  6. 6. The Syntaris Vision is coming Together PROJECT EXPERTISE PROJECT CONSTUCTION EPA AWARD PROJECT PARTNERS IPO/EQUITY FINANCING FINAL PERMITTING PROJECT FINANCE ENVIRONMENTAL ASSESSMENT LONG TERM GROWTH COMMUNITY SUPPORT OPPORTUNITY INVESTORS/SHAREHOLDER PLANNING GOVERNMENT SUPPORT VISION FIRST NATIONS
  7. 7. SYNTARIS’ BC RENEWABLE PORTFOLIO 8
  8. 8. Syntaris Project Summary 2008 BC Hydro RFP Kinskuch Lake 76 MW Maselpanik Creek 13 MW Culliton Creek 15 MW Total CFP 2008 104 MW Project Pipeline Anderson Creek Cluster 40 MW Downton Cluster 96 MW Carpenter Cluster 52 MW Observatory Cluster 45 MW Marmont Cluster 77 MW Glacier Cluster 29 MW Ashwood Cluster 197 MW Total 536 MW 9
  9. 9. Kinskuch Lake Project Culliton Creek Project Maselpanik Creek  Located in the coastal region of  Located in the Squamish region of  Located between Chilliwack and northern BC with seasonal BC with approx 15 MW of potential Hope with approx 13 MW of potential storage of approx 76 MW of non-storage hydro energy. non-storage hydro energy. potential energy.  Less than 17 km from main BC grid  Less than 2.8km from main BC grid  Less than 42 km from main BC grid  Located only 60 km from Vancouver  Located only 100 km from Vancouver  First Nation signed LOI and 20 km north of Squamish  BC Hydro 2008 Clean Call:  BC Hydro 2008 Clean Call:  BC Hydro 2008 Clean Call: Emax/Syntaris Bid Corp. Emax/Syntaris Bid Corp. Emax/Syntaris Bid Corp.  High Yield ROR  High Yield ROR  High Yield ROR 10
  10. 10. Syntaris Project Summary Syntaris has submitted bids for the following projects: Annual Revenue NPV Project MWs ($mm) ($mm) a/t IRR DSCR Kinskuch Lake 76 $50 $147 21% 2.0 Culliton Creek 15 $9 $25 23% 2.1 Maselpanik Creek 13 $8 $20 23% 1.9 CFP Total 104 $67 $192 22% 2.0 The following projects available to Syntaris as part of BC Hydro’s Standing Offer program: Annual Revenue NPV Project MWs ($mm) ($mm) a/t IRR DSCR Chipmunk 10 $4 $5 17% 1.4 Airplane 5 $2 $2 16% 1.4 SOP Total 15 $6 $7 16% 1.4 11
  11. 11. Valuation Estimates for Run of River Projects  Early stage valuations would indicate a value of $3M per MW.  Greater than 70% of full value for projects with EPA & Full planning.  50-65% of full value for projects with EPA but w/o planning consent.  5-10% of full value for projects without EPA nor planning consent.  Key variables in DCF valuation are:  Cost of construction and accessibility of the site,  distance to hook up of existing transmission lines,  price bid under the call, interest costs for the debt financed element* (*projects with equity backing from well financed business organizations with good credit ratings) 12
  12. 12. Sources / Uses (through 2016, $ millions) Sources Uses Private Placement $70.0 Plant-level Equity $42.6 Payments from ENMAX $5.0 Staffing Costs $16.5 Project Development $7.1 Admin / Overhead $3.2 Consulting / Services $2.1 Business Development $1.3 Working Capital & Misc. $2.2 Total $75.0 Total $75.0 13
  13. 13. Equity Tranches ($ millions) 2009 $6.0 2010-2011 $36.5 2012 $27.5 Total $70.0 14
  14. 14. Why Syntaris Power? • Right Industry • Right Management and Technical Team • Right Partners • Right Projects 15
  15. 15. Syntaris Private Placement Summaries 16
  16. 16. Private offerings under Offering Memorandum Total $4 million available for Eligible Investors in 2 offerings by Offering memorandum expires November 29-2009 or EPA award and approval by Syntaris whichever is earlier: 2) $2 million unit offering @ $1.00 with Flow through (FTS) Canadian eligible investors (projected at 100%) 3) $2 million unit offering @ $1.00 with (1/2 warrant option @$1.50 until March 31, 2010/Subject to right of call) for eligible investors 17
  17. 17. THANK YOU! QUESTIONS? For more details and updates VISIT www.syntaris.com 18
  18. 18. Appendix 19
  19. 19. Run of River Power Weir • Unlike traditional hydroelectric, run of river Small pond required to keep projects do not require damming penstock submerged. • Water is diverted from a river and sent into a pipe called a penstock; the penstock feeds the water downhill to a generating station • The natural force of gravity creates energy Transmission Lines required to spin turbines Penstock Steel pipe (usually • Water leaves the generating station and buried) drops water returns to the river without altering existing to the powerhouse. flow or water levels Powerhouse • BC is arguably the most attractive region in Houses turbines and Canada for ROR projects due to mountainous power generation unit. terrain and abundant rain Tailrace Water returned to source 20
  20. 20. BC Hydro’s 2008 RFP Pricing Monthly Pricing by Time of Day In Yr 1 of Contract Firm: Superpeak Firm: Peak Firm: Off Peak Non-Firm: Superpeak Non-Firm: Peak Non-Firm: Off Peak $160 $140 $120 ($ per MWh) $100 $80 $60 $40 $20 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 21
  21. 21. Run of River vs. Other Electrical Generation Power Generation in Canada (2006) 22
  22. 22. Officers & Directors Syntaris Power Corp has assembled a superb and seasoned management team with an impressive global track record in the design, construction and operation of large scale hydro-electric power plants, biomass plants, co-generation plants and non energy large scale infrastructure projects. Robert Fraser – President & CEO Isaac Moss – Chief Financial Officer Michael Weiss – M.B.A.,VP Corporate Finance Brent Waldie – P.Eng.,Senior VP Operations Michael Wise – P.Eng., M.B.A. ,VP Project Development Kevin Boothroyd – V.P. Corporate Communications & Public Affairs George Kahle – P.Eng., Director of Engineering 23
  23. 23. Syntaris Officers & Directors Robert Fraser – President & CEO Mr. Fraser has 25 years of experience in managing corporate operations. He has solid experience in the field of marketing, project development, construction and financing. Prior to becoming president and CEO of Syntaris, Mr. Fraser was the president of Galaxy Multimedia Corp. – a VOIP provider. He was responsible for managing the corporation’s operation and also responsible for marketing and customer development. Mr. Fraser has held various managing positions in several other technology companies. He also held a variety of positions during his 14 year tenure at Dunn & Bradstreet Canada, culminating as National Marketing Manager. Isaac Moss – Chief Financial Officer Mr. Moss has 22 years of diverse experience in the European and North American corporate finance and investment banking market. From 1993 through 2000, he was associated with a mid market corporate finance advisory firm in Geneva where he focussed on providing investment banking advisory services to client companies in the hospitality, telecommunications, technology, chemical and industrial minerals, resource, forest products and biotechnology sectors. From 1993 to 1996 Mr. Moss was President of an industrial minerals company located in France. From 1997 to 2000, he consulted to an alternative forest products company and advised on over $300 million in project finance for the construction of mdf manufacturing plants. Prior to joining Syntaris in 2007, Mr. Moss completed a reorganisation of an oil and gas exploration company in Australasia. Mr. Moss serves as a director of several companies. 24
  24. 24. Syntaris Officers & Directors Michael Weiss, M.B.A. – VP Corporate Finance Mr. Weiss has over 15 years of experience as a financial consultant in the power industry. He was involved in constructing proprietary financial models and detailed financial analysis for a number of independent power projects. His clients included a number of large IPP’s, engineering firms and BC Hydro. Mr. Weiss was a corporate finance associate with RBC Dominion Securities and Raymond James. Brent Waldie, P.Eng. – Senior VP Operations Mr. Waldie has over 35 years of senior management and supervisory experience in large scale civil engineering construction projects in the transportation, energy and power, paper and pulp, mining and petrochemical industries. Mr. Waldie has completed several large scale international projects and has a proven track record of constructing first class facilities on time and on budget. His expertise lies in creative on-site problem solving for complex, high-end applications and supply chain management. He is also an expert in estimating costs for large industrial projects, with proven experience in construction contract negotiations. 25
  25. 25. Syntaris Officers & Directors Michael Wise, P.Eng., M.B.A. – VP Project Development Mr. Wise has over 15 years of experience as a senior engineer on heavy civil construction pipelines, fibre-optic lines, resource roads and transmission lines; and has broad understanding of project development, including technical feasibility, regulatory and related environmental issues. He was involved in the several early stage development of several small hydro, transmission and wind projects in the renewable energy sector. These included working on the permitting and design team for Plutonic Power’s East Toba/Montrose projects, as well as the early stage development of BC’s first wind farm and the first merchant electrical transmission line connecting Canada with the US. George Kahle – Director of Engineering Mr. Kahle is a mechanical engineer with more than 30 years of experience in engineering, project management and project development for power generation projects and other related industrial facilities in around the world. Mr. Kahle has held a number of senior positions including project manager/technical director, director of engineering and senior design engineer at several international energy developers. Prior to joining Syntaris Power Corp., Mr. Kahle served as technical director and project manager to IG Power Inc., which is specialised in the development and construction of power generation projects in Canada, the US and Europe. 26
  26. 26. Culliton Creek 15 MW 27
  27. 27. Maselpanik Creek 13 MW 28
  28. 28. Chipmunk Creek 10 MW 29
  29. 29. Kinskuch Lake Project 76 MW project in the coastal region of northern BC with seasonal storage 30
  30. 30. Kinskuch Lake Project 76 MW project in the coastal region of northern BC with seasonal storage 31
  31. 31. Culliton Creek Project 15 MW non- storage hydro project located only 60 km from Greater Vancouver 32
  32. 32. Chilliwack Valley Cluster Proposed multi-intake, non- storage hydro projects located only 100 km from Greater Vancouver: • Maselpanik 13 MW • Chipmunk 10 MW (Standing Offer) • Airplane 5 MW (Standing Offer) 33

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