RASLAG PUBLIC OFFERING | CEO INTERVIEW | Marvin Germo скачать в хорошем качестве

RASLAG PUBLIC OFFERING | CEO INTERVIEW | Marvin Germo

RASLAG PUBLIC OFFERING | CEO INTERVIEW | Marvin Germo In this video we have the CEO and Chairman of Raslag Corporation, Engr. Peter G. Nepomuceno joining us in the show to talk about the fundamentals of the company! If you want to know more about Raslag check this video out! BACKGROUNDER/SITUATIONER Raslag Corporation, harnessing the Sun and Pampanga’s potential RASLAG was a pioneer in the development of solar generating capacity in the Pampanga region and one of the first solar power farms to operate under the DOE’s Feed-in-Tariff program [‘FIT’]. Established in 2013 RASLAG builds on the family’s long history of involvement in the electric power industry, commencing with distribution through Angeles Electric Corp. in 1923 and generation through Angeles Power, Inc. in 1993. Since commissioning RASLAG-1&2 during 2015 with a combined capacity of 23MWp RASLAG has reported consistent yearly revenues averaging P 297mn and profits of P 114mn during 2016 to 2019, whilst 2020 revenues were substantially higher at P 396mn as a result of the ERC’s approval of higher FIT rates for RASLAG-1&2. Revenues from 2022 forecast to rise substantially towards P 450mn boosted by RASLAG-3 which increases capacity to 41MWp, increasing towards P 700mn by 2024 once the 35MW RASLAG-4 is commissioned, bringing total capacity to 76MWp. The Nepomuceno Family of Pampanga Nepomuceno family has built up a 100-year history of business in Angeles City & Pampanga. From the Angeles Ice Plant in 1921 the family expanded into power generation & distribution, soft drink manufacturing, real estate development & investment, construction, water & education. Engineer Peter Nepomuceno is the President & General Manager of RASLAG with 6 decades of experience in the energy sector as Chairman of Angeles Electric from 1958 to 2001 and is currently the President & General manager for Angeles Power. Mr. Geromin Nepomuceno is the Treasurer of RASLAG and concurrently the Chairman of Angeles Electric and likewise has decades of power industry experience as the President and General Manager of Angeles Electric from 2001 to 2019. Ideally positioned to participate in the Government led acceleration of renewable energy sources. Details of the upcoming IPO RASLAG will raise new funds of up to P 700mn through the sale of 350 new shares, which represent 23.3% of enlarged capital, at an offer price of up to P 2.00 per share resulting in a market capitalization of up to P 3bn The IPO of RASLAG will also contain an overallotment option of 52.5mn secondary shares which may be utilized by the stabilizing agent post the IPO on the PSE. These shares represent 3.5% of the enlarged share capital of RASLAG. on Net proceeds to RASLAG from the primary IPO will be up to P 653mn and for the selling shareholders on the overallotment option up to P101mn. Solar power is a cost-effective & reliable RE source fast approaching grid parity and leaving minimal carbon footprint. Installed capacity of 23MWp with RASLAG-1 & 2, RASLAG-3 with 18MWp ready by Mar-22 and RASLAG-4 with 35MWp well underway for commissioning by Mar-24. RASLAG-5 with 60MWp in planning for commissioning in early 2026. To date RASLAG has invested approximately P 2.7bn in its two operating plants as well as in the newly constructed RASLAG-3. Forecast 2022 Assets of P 3.5bn, Liabilities of P 1.3bn and stockholders' equity of P 2.2bn. BPI has provided the financing for RASLAG-1,2&3. Power generation provides stable & recurring earnings with historical revenues from 2016 averaging P 309mn, EBITDA P 258mn and net profits P 127mn per year. arnings are forecast to increase significantly from 2022 onwards driven initially by RASLAG-3 in Mar-22 followed by RASLAG-4 from Mar-24 and higher adjusted FIT rates. RASLAG will join the Top-10 solar power operators once its 3rd solar farm is commissioned in Mar-2022 taking total solar generating capacity to 41MWp. The 35MWp RASLAG-4 will further expand capacity to 76MWp by the summer of 2024. Situation of publicly listed companies vis-à-vis Raslag Corp. There are seven listed companies on the PSE in the energy sector with valuation multiples ranging significantly and involved in various areas from electricity generation to distribution as well as other downstream operations. The valuation of RASLAG was based on three direct comparable companies including AC Energy, Aboitiz Power and First Generation Holdings, with ACEN trading on substantially higher multiples compared to AP and FGEN. ______________________________________ VERY IMPORTANT Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video. ______________________________________ #StockSmarts #Raslag #PhilippineStocks ______________________________________