I prepared this report to give management an understanding of how projects are performing operationally and financially. Comparing planned KPIs and budgets versus actual output.

1. I N T E R N A L R E P O R T
J U N E - A U G U S T 2 0 1 8

2. Project Activity Report
2

3. 3
ATC Power Project Monthly Activity
VISITS BREAKDOWN
Month June(Billable) June(Total) July(Billable) July(Total) August(Billable) August(Total)
DC METER 22 22 20 21 39 42
AC METER 100 101 68 69 77 77
TSS 9 9 2 2 3 3
NEW INSTALLATION 24 24 9 13 6 7
SLA 40 96 94 203 41 326
TANK SWAP 229 236 174 177 103 106
REINSTALLATION 2 2
LIB 47
 97% of most site visits can be invoiced for(billable) except for SLA with the
introduction of F15 visits, Special SLA and Routine maintenance schedule.
 LIB was suspended briefly after it was started. Job done is not invoiced; hence no
revenue was realized.

4. 4
SLA August Activity Overview
41
285
SLA: August
Billable Non-billable
 In August, barely 12.5% of site visits can be invoiced due to special SLA and
routine maintenance visits.

5. 5
Subcontractor Activity
ACTIVITY TYPE JUNE JULY AUGUST
TSS 2
NEW INSTALLATION 6 1
SLA 27 5 9
TANK SWAP 98 89

6. 6
Subcontractor Share of Tank Swap
 Subcontractors focused on tank swap in August.
89
14
By Subcontractors By Galooli

7. OPEX
7

8. 8
Revenue from ATC Activities
Item June July August-Expected TOTAL
DC METER 513,735.64 466,956.00 980,768.04 1,961,459.68
AC METER 2,335,163.00 1,587,650.40 1,798,074.74 5,720,888.14
TSS 576,702.72 128,241.20 192,361.80 897,305.72
NEW INSTALLATION 3,296,700.00 1,237,072.50 824,715.00 5,358,487.50
SLA 3,174,600.00 7,459,088.00 3,253,965.00 13,887,653.00
TANK SWAP 18,089,115.00 13,809,510.00 8,174,595.00 40,073,220.00
REINSTALLATION 274,905.00 274,905.00
Annual SLA Service Charge 29,438,182.81 29,438,182.81 29,438,182.81 88,314,548.44
TOTAL FROM ACTIVITY LIST 57,424,199.17 54,126,700.91 44,937,567.39 156,488,467.48
 Annual SLA serves as a reserve month by month while tank swap remains the highest
contributor to revenue. TSS, DC & AC Meters are the least.
 ***Annual SLA is estimated by 60% share of monthly annual SLA value.

9. 9
Operations Expenses
Expenses June 2018 July 2018 August 2018 TOTAL
600001 CAR Expenses : CAR LEASE 6,487,518.66 6,825,625.00 5,164,425.00 18,477,568.66
600002 CAR Expenses : Fuel 787,100.00 374,032.07 474,150.00 1,635,282.07
600003 CAR Expenses : Repair 146,580.00 144,150.00 1,273,105.00 1,563,835.00
600041 Insurance Expense : Car Insurance 126,075.47 126,075.47 263,928.00 516,078.94
700005 Depreciation : Cars 1,203,270.81 1,203,270.81 1,372,802.06 3,779,343.68
6000 Expenses-Material Angle Bar 42,000.00 42,000.00
Total Vehicle Expenses(Lease + Owned) 8,792,544.94 8,673,153.35 8,548,410.0626,014,108.35
Outstation 6,984,000.00 9,576,000.00 16,560,000.00
Relocation Expense 17,491,205.00 17,491,205.00
Total Accommodation Expense 6,984,000.00 9,576,000.0017,491,205.0034,051,205.00
Total Subcontractor Cost 1,475,200.00 4,120,000.00 3,980,000.00 9,575,200.00
TOTAL ACTIVITY COST 17,251,744.9422,369,153.3530,019,615.06 69,640,513.35
 Total operational expenses are covered by Annual SLA reserves except in August with
a one-time relocation cost. We expect to see cost savings starting from September as
a result of relocation.

10. 10
Operating Profit from ATC
June July August-Expected TOTAL
TOTAL FROM ACTIVITY LIST 57,424,199.17 54,126,700.91 44,937,567.39 156,488,467.48
TOTAL ACTIVITY COST 17,251,744.94 22,369,153.35 30,019,615.06 69,640,513.35
OPERATING PROFIT 40,172,454.23 31,757,547.56 14,917,952.33 86,847,954.13
Operating Margin 69.96% 58.67% 33.20% 55.50%

11. 11
Profit from Subcontractor Activity
REVENUE FROM SUBCONTRACTORS
REVENUE ITEM-SBC JUNE JULY AUGUST TOTAL
TSS 128,156.16 128,156.16
NEW INSTALLATION 824,175.00 137452.5 961,627.50
SLA 2,142,855.00 396,760.00 714,285.00 3,253,900.00
TANK SWAP 7,777,770.00 7,063,485.00 14,841,255.00
REVENUE ATTRIBUTABLE TO SUBCONTRACTOR ACTIVITY 3,095,186.16 8,174,530.00 7,915,222.50 19,184,938.66
COST FROM SUBCONTRACTOR
COST ITEM-SBC JUNE JULY AUGUST TOTAL
TSS 35,200 35,200
NEW INSTALLATION
360,000 60,000 420,000
SLA 1,080,000 200,000 360,000 1,640,000
TANK SWAP 3,920,000 3,560,000 7,480,000
TOTAL SUBCONTRACTOR COST 1,475,200 4,120,000 3,980,000 9,575,200
PROFIT ATTRIBUTABLE TO SUBCONTRACTOR ACTIVITY 1,619,986.16 4,054,530.00 3,935,222.50 9,609,738.66
MARGIN 52% 50% 50% 50%

12. 12
Profit from Team Activity
TOTAL REVENUE FROM TEAM ACTIVITY
June July August-Expected TOTAL
TOTAL REVENUE FROM ACTIVITY LIST 57,424,199.17 54,126,700.91 44,937,567.39 156,488,467.48
LESS (TOTAL REVENUE ATTRIBUTABLE TO
SUBCONTRACTOR ACTIVITY) 3,095,186.16 8,174,530.00 7,915,222.50 19,184,938.66
REVENUE FROM TEAM ACTIVITY 54,329,013.01 45,952,170.91 37,022,344.89 137,303,528.82
TOTAL COST FROM ACTIVITY
Total Vehicle Expenses(Lease + Owned) 8,792,544.94 8,673,153.35 8,548,410.06 26,014,108.35
Total Accommodation Expense 6,984,000.00 9,576,000.00 17,491,205.00 34,051,205.00
TOTAL OPEX ACTIVITY COST ATTRIBUTABLE TO TEAM 15,776,544.94 18,249,153.35 26,039,615.06 60,065,313.35
PROFIT ATTRIBUTABLE TO TEAM 38,552,468.07
27,703,017.5
6
10,982,729.8
3
77,238,215.4
7
MARGIN 71% 60% 30% 56%

13. Team Activity
13

14. 14
Site Issue Resolution KPI
186
40
226
66
23
89
0
50
100
150
200
250
F15 FUEL VERIFICATION Grand Total
NUMBER OF SITES WITH ISSUES RESOLVED WITHIN BENCHMARK 3 DAYS
MORE THAN 3 DAYS NOT MORE THAN 3 DAYS
 Most sites were visited and resolved more than 3 days after PARN was issued.
 It takes an average of 8 days to visit and resolve a site.

15. REGIONAL PERFORMANCE BY
TEAMS
June
Total
June Regional
Average
July
Total
July Regional
Average
August
Total
August Regional
Average
Grand
Total
Overall Regional
Average
Abuja/Kano 82 9 98 12 78 9 258 29
OLAKUNLE AJALA 6 23 12 41
BAMIDELE TOPE 9 22 9 40
CHRISTIAN NWOKORIE 8 17 15 40
BALA AIKOYE 20 5 12 37
TUNDE ADISA 22 4 10 36
COLLINS ISAIAH 8 11 7 26
TELLA TOBA 3 10 6 19
TAIWO MICHAEL OLUSEGUN 5 6 5 16
MICHAEL ZANNU (RM) 1 2 3
ENUGU/PORT HARCOURT 53 8 62 9 109 16 224 32
VICTOR AKWARANDU 17 7 29 53
SOLOMON ADEBAYO 22 7 15 44
CHRISTIAN OIKERHE 3 16 20 39
SOLOMON MOYASADE AJIBADE 2 13 12 27
NKEMDIRIM IFEANYI(RM) 4 2 17 23
CHARLES ANIGHORO 3 6 10 19
DAVID AKOREDE OLALERE 2 11 6 19
LAGOS 123 18 128 18 123 18 374 53
UZODINMA RAPHAEL 27 20 21 68
OLUMIDE ADERIGBIGBE 21 17 29 67
JOSHUA OMO-OTE 17 25 17 59
TAOFEEQ ISIAQ 16 23 18 57
OLAMILEKAN AGBOOLA 14 19 16 49
OBINNA OKONKWO 17 14 13 44
MICHAEL IKE ENEBELI(RM) 11 10 9 30
West 52 17 32 11 46 15 130 43
VINCENT AKINYELE 26 7 19 52
AMOS ADEOYE 10 19 21 50
ADEKOLA AGBOOLA 16 6 6 28
TOTAL 310 320 356 986 39
Highlighted cells show performance below regional average

16. 16
Regional Availability
70.0%
72.0%
74.0%
76.0%
78.0%
80.0%
82.0%
84.0%
86.0%
88.0%
90.0%
92.0%
94.0%
96.0%
98.0%
100.0%
Abuja Kano Lagos Enugu Port Harcourt West
Units Availability Run Hours Availability Fuel Availability
DG Panels Availability Rectifier Controllers Availability Collo Meter Availability
AC Meter Availability

17. Thanks!