investing in green energy

2. 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
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3. 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
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4. 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)
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5. 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
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6. Pursuing The Syntaris Vision
Syntaris Power Corp.
Capital Asset
Developer
Finance Management
RENEWABLE ENERGY SECTOR
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7. 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

8. SYNTARIS’ BC RENEWABLE PORTFOLIO
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9. 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
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10. 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
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11. 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
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12. 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)
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13. 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 $75.0
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14. Equity Tranches
($ millions)
2009 $6.0
2010-2011 $36.5
2012 $27.5
Total $70.0
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15. Why Syntaris Power?
• Right Industry
• Right Management and Technical Team
• Right Partners
• Right Projects
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16. Syntaris
Private Placement
Summaries
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17. 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
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18. THANK YOU!
QUESTIONS?
For more details
and updates
VISIT
www.syntaris.com
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19. Appendix
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20. 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
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21. 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
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22. Run of River vs. Other Electrical Generation
Power Generation in Canada (2006)
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23. 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
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24. 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.
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25. 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.
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26. 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.
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27. Culliton
Creek
15 MW
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28. Maselpanik
Creek
13 MW
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29. Chipmunk
Creek
10 MW
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30. Kinskuch Lake Project
76 MW project in the
coastal region of
northern BC with
seasonal storage
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31. Kinskuch Lake Project
76 MW project in the
coastal region of
northern BC with
seasonal storage
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32. Culliton Creek Project
15 MW non-
storage hydro
project located
only 60 km from
Greater Vancouver
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33. 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)
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