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8-K - MACQUARIE INFRASTRUCTURE COMPANY LLC 8-K - Macquarie Infrastructure Corp | a51035022.htm |
EX-99.2 - EXHIBIT 99.2 - Macquarie Infrastructure Corp | a51035022ex992.htm |
Exhibit 99.1
STRICTLY
CONFIDENTIAL Macquarie Infrastructure Company Acquisition of February 3,
2015
STRICTLY
CONFIDENTIAL|MACQUARIE PAGE This presentation by Macquarie
Infrastructure Company LLC (MIC) is proprietary and all rights are
reserved. Any reproduction, in whole or in part, without the prior
written consent of Macquarie Infrastructure Company is prohibited. This
presentation is based on information generally available to the public
and does not contain any material, non-public information. The
presentation has been prepared solely for information purposes, it is
not a solicitation of any offer to buy or sell any security or
instrument. This presentation contains forward-looking statements.
Forward-looking statements in this presentation are subject to a number
of risks and uncertainties, some of which are beyond our control. Our
actual results, performance, prospects or opportunities could differ
materially from those expressed in or implied by the forward-looking
statements. A description of known risks that could cause our actual
results to differ appears under the caption “Risk Factors” in our Form
10-K and Form 10-Q. Additional risks of which we are not currently aware
could also cause our actual results to differ. These forward-looking
statements are made as of the date of this presentation. We undertake no
obligation to publicly update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by law. “Macquarie Group” consists of Macquarie Group
Limited and its worldwide subsidiaries and affiliates. MIC is not an
authorised deposit-taking institution for the purposes of the Banking
Act 1959 (Commonwealth of Australia) and its obligations do not
represent deposits or other liabilities of Macquarie Bank Limited ABN 46
008 583 542. Macquarie Bank Limited does not guarantee or otherwise
provide assurance in respect of the obligations of MIC.
Important Notice
STRICTLY CONFIDENTIAL|MACQUARIE PAGE Bayonne Energy Center Macquarie
Infrastructure Company (“MIC”) has entered into a definitive agreement
to purchase 100% of the Bayonne Energy Center 59% 11% 30% 0 1,000 2,000
3,000 4,000 5,000 6,000 7,000 8,000 1950-1974 1975-1999 2000-2012 MW
NYISO Zone J Generator Fleet Vintage Illustrative NYISO Zone J Supply
Curve Source: NYISO Source: SNL - 100.0 200.0 300.0 400.0 500.0 - 2,000
4,000 6,000 8,000 10,000 12,000 Bayonne Energy Center $ / MW MW of
Supply (excluding imports) Bayonne Energy Center Location and
Interconnection Pipeline lateral to interstate natural gas pipeline
Bayonne Energy Center Dedicated submarine cable to New York City
STRICTLY
CONFIDENTIAL|MACQUARIE PAGE Bayonne Energy Center is located adjacent to
IMTT’s Bayonne facility. Bayonne Energy Center Location Bayonne Energy
Center IMTT land currently leased to third-party power plant © 2015
Google All property lines are approximate and indicative only
Transmission Cable to New York
STRICTLY
CONFIDENTIAL|MACQUARIE PAGE 30 MW58 MW260 MW772 MW2012201320142015 The
transaction builds upon recent growth of MIC’s Contracted Power & Energy
segment 1. 100% of sponsor equity interest. Tax equity interests owned
by third parties. 2. 12.5% of the tolling agreements expire 7 years
after COD (2019), 25% expire 5 years after COD and have two 5-year
extension options (up to 2027), and 25% expire 10 years after COD and
have two 5-year extension options (up to 2032) Contracted Power & Energy
Segment Facility Picture Rocks Bryan Solar Davis Monthan AFB Valley
Center Ramona Brahms Idaho Wind Partners BEC Fuel Solar Solar Solar
Solar Solar Wind Wind Natural Gas Location Arizona Texas Arizona
California California New Mexico Idaho New Jersey Capacity (MW) 20 10 13
8 7 20 183 512 COD 2012 2013 2013 2013 2013 2014 2011 2012 Ownership
100%(1) 100%(1) 100%(1) 100%(1) 100%(1) 100%(1) 75% 100% Year Acquired
2012 2012 2013 2013 2013 2014 2014 Expected 2Q’15 PPA Expiration 2032
2038 2039 2038 2038 2034 2031 Avg. 13 Years(2) Contracted Power & Energy
Gross MW Owned by MIC Bayonne Energy Center E