RJ Energy

Welcome 1

GDP of USD 3.1 Billion (Annual Growth 5.7%) Population: 250 M (50% Under 30 Years Old) Vast Natural Resources (Wind, Solar, Bio-Products) Solid Government Support (Clean Energy Solutions)

Market: Southeast Asia 2

Laos  

Thailand  

Vietnam  

Cambodia  

Myanmar  

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Well Positioned 3

Growing Demand for Clean Energy Population Expansion, Economic Growth Profitable Investment Structure Attractive Returns, Sector Demand Extremely Solid Team Finance, Operations, Delivery Sector Focus Verified Pipeline within Targeted Segments

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Enhance Pipeline Build Strong Partnerships Secure Investments Deploy Profitable Assets Solidify Cash Flow Exit Strategy IPO

Plan 4

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Target Sectors 5

Greenfield  Exis9ng  Farms  

PPA’s  –  No  Funds  

Landfill  /  Bio  Project  Dev.  Exis9ng  Plants  

$32B   $25B  

Development  Exis9ng  Farms  

New  PPA’s/LOA’s  

$42B  

Investment Requirements (USD): 2015-2030

Energy  Efficiency  Private  Sector  

$23B  

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14,325

Example: Solar Thailand 6

1,121 Thailand’s Solar Target

by 2020 (MW) Currently Deployed (Thailand) – (MW)

“Room For Growth”

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Solar TAM (SE ASIA) 7

84  Billion  

Total  Spend  ASEAN  2014-­‐2035  

22  B  

Thailand  Serviceable  Available  Market  

2.2  B  

Target  Share  10%  of  Market  

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Feed In Tariff

Business Model 8

100m  Kw  

MW  Generated    (Per  Annum)  

.18 Cents

FIT  –  Govt.  (Average)  

500m

Revenue    Per  Annum  

(20%  Market  Share)  

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Sample: Solar Farm 9Solar PV – Ground Based System Location: Thailand Grid Connected PPA Agreement: 25 Years Off-Taker: PEA or EGAT (Govt.) COD Period: 1 Year from PPA (with additional 1 year extension) Land: Rent or Purchase Options Feed In Tariff: THB 5.66 (US 18 cents) IRR: Above 15% Average Size Projects: 20 MW’s Total Pipeline: 374 MW’s (Shovel Ready within 2015)

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Sample: Solar Roof Top 10

Solar PV – Residential & Commercial Roof Top Location: Thailand Preferred: Grid Connected (Off-Grid Small %) PPA Agreement: 25 Years Off-Taker: PEA COD Period: 1 Year from PPA (with add 1 yr. add) Roof Top: Rental over 25 years ($30 USD Per Month) Feed In Tariff: THB 6.86 (US 21 cents) IRR: Above 17% Average Size Projects: 10 kW’s (Hundred’s of PPA’s) Total Pipeline: 22 MW’s (Ready within 2015)

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Sample: Waste to Energy 11

Landfill / Municipal Waste to Energy (Gas) Location: Thailand Preferred: Grid Connected PPA Agreement: 25 Years Off-Taker: PEA (Below 10-MW’s) COD Period: 1 Year from PPA (with add 1 yr. add) Land: Rental or Purchase Feed In Tariff: THB 5.6 (US 17 cents) IRR: Above 15% Average Size Projects: 8 MW’s Technology: Bio-Gas Total Pipeline: 40 MW’s (Ready within 2015)

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Sample: Waste to Energy 12

Landfill / Municipal Waste to Central RDF Facility Location: Thailand Preferred: Grid Connected PPA Agreement: 25 Years Off-Taker: PEA (Below 10-MW’s) COD Period: 1 Year from PPA (with add 1 yr. add) Land: Rental or Purchase Feed In Tariff: THB 5.6 (US 17 cents) IRR: Above 15% Average Size Projects: 8 MW’s Technology: RDF Total Pipeline: 32 MW’s (Ready within 2015)

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Sample: Waste to Energy 13

Methane Production from Agricultural Waste Location: Thailand Preferred: Grid Connected PPA Agreement: 25 Years Off-Taker: PEA (Below 10-MW’s) COD Period: 1 Year from PPA (with add 1 yr. add) Land: Rental or Purchase Feed In Tariff: THB 5.6 (US 17 cents) IRR: Above 15% Average Size Projects: 8 MW’s Technology: Methane (Molasses) Total Pipeline: 46 MW’s (Ready within 2015/16)

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Sample: Wind Farm

Grid-Connected Wind Farm Location: Thailand Preferred: Grid Connected PPA Agreement: 25 Years Off-Taker: PEA (Below 10-MW’s) COD Period: 1 Year from PPA (with add 1 yr. add) Land: Rental or Purchase Feed In Tariff: THB 6.06 (US 19 cents) IRR: Above 15.4% Average Size Projects: 30 MW’s Total Pipeline: 300 MW’s (Ready within 2016)

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Sample: ESCO

Energy Efficiency Projects for Private Sector Location: Thailand/Indonesia Energy Savings for Private Sector Returns Generated From Actual Savings Commercial Agreement: Building Owner Payback Period: 2-2.5 years Contract Period: 5 Years IRR: Above 22% Average Investment Per Project: USD 750 K Total Pipeline: 35 M USD (200+ Contracts) by end ‘16

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Pipeline

Type MW $ M IRR Status Solar Farm 374 $ 800 15% Awaiting Allocations Solar Roof Top 22 $ 50 17% Preparing Applications Waste to Energy 118 $300 15% Finalizing Investment Wind 300 $600 14% New Applications in May ESCO - $35 22% Finalizing Investment Sub-Totals 814 $1,785 16.6%

2015-2016

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Dr. Ronnachit Mahattanapreut has more than 30+ years building successful businesses, specifically as CFO of one of the largest groups in Thailand. John Garabadian has achieved significant quality results over the last two decades in Asia, experienced in operations, management, new business development and start-ups. Mesrop Nerkanian an experienced finance and marketing executive with over 15 years of experience in international business management and operations.

Team 17

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1) Significant Internal DD of Projects 2) Self Development Preferred 3) Clear Project Ownership (“RJ”) 4) Strong Partners: Technical, Finance 5) Dedicated Deliver Teams 6) Build Long Term Value, Strong P/E 7) Mitigate Risk 8) Clear Exit Strategy

Operating Mantra 18

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Thank You

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