Company Profile GreenMax Capital Advisors June 2010

1. November/December 2009
CORPORATE PRESENTATION

2. COMPANY SNAPSHOT
BUSINESS
FOCUS CHP, BIOMASS, BIOFUELS, WIND, SOLAR
GEOGRAPHY NETWORK OF OFFICES IN EUROPE + AMERICAS
EXPERIENCE IN 21 COUNTRIES OF CEE AND CIS REGION SINCE
1994
•M & A SOLAR TRANSACTIONS IN BULGARIA, CZECH REP., SLOVAKIA
•Track Record WIND FARM TRANSACTIONS IN POLAND, ESTONIA, TURKEY
Project Finance ADVISED ALL MAIN INTERNATIONAL FINANCIAL INSTITUTIONS
Track Record + MANY KEY COMMERCIAL LENDERS SERVING EUROPE
•Advisory MARKET STRATEGIES FOR MANY OF LEADING RENEWABLE
•Track Record ENERGY COMPANIES AND FUND INVESTORS IN EUROPE
TO BE THE PREMIER BOUTIQUE GREEN ENERGY FINANCE
MISSION ADVISORY SERVING EMERGING MARKETS
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3. PRINCIPALS
Clifford J. Aron, Founder Jacek Kostrzewa, Warsaw Peter Williams, Barcelona
30+ years experience in 20 + years EE + RES 12 + years energy sector
sustainable energy; 15+ in experience experience
emerging markets
Specialist in project finance, Strategy consultant, venture
Advisor to IFC, the WB, EIB, biofuels technology, wind capitalist and financial advisor
KfW, EBRD, USTDA energy, solar PV, CHP + EE Australia, Asia, USA and Europe
policy and analysis
Advisor to private investors Financial modeling for wind
+ commercial banks Assignments for EFSE, IFC, energy portfolio acquisition
World Bank
Pioneer of ESCO industry in Market study of solar PV in SEE
USA President of largest biofuels region
trader in Poland
Founding President NY Design of EE fund for Western
Energy Efficiency Council Manager, EC PHARE Multi- Balkans
country Energy Program Unit in
Director of Energy + 13 East European countries Managed a Pennsylvania
Economic Development NYC cleantech energy fund
Business Development Director,
Environmental lobbyist National Power in Poland Management consultant in
Australia focused on
Congressional aide on EE Founder of the Polish restructuring and privatization
policy Foundation for Energy Efficiency of Asian utilities
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4. LONG CAREER IN RENEWABLE ENERGY
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5. GreenMax TEAM ACROSS AMERICA
USA, MINNESOTA
technical support office
USA, New York
corporate seat
Brazil, Sao Paulo
Local country partner
Colombia, Medelin
Latin America representative office
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6. GreenMax TEAM ACROSS EUROPE
POLAND, WARSAW
European operation center
SPAIN, BARCELONA
European operation center UKRAINE, KIEV
country representation office
ROMANIA, BUCHAREST
country representation office
BULGARIA, SOFIA
country representation office
ITALY, MILAN
local country partner TURKEY, ISTANBUL
country representation office
SERBIA, BELGRADE GREECE, ATHENS
country representation office local country partner
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7. OUR OFFER
GreenMax's activities:
Financial Advisory
Corporate and Project Finance
Strategic Advisory
Project Development Services
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8. CORPORATE AND PROJECT FINANCE
working relationships with investment funds and
strategic investors targeting RE and EE projects in
around the globe
strong relationships with multilateral
development banks + commercial lenders
extensive network of contacts with investment funds, strategic investors,
project developers, technology companies and energy services providers
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9. TRACK RECORD: M&A
Acquire Identify Wind Bulgaria Acquire Italy Acquire Acquire
Polish wind projects in CZ Wind + Italy + Bulgaria Greek + Italy Polish Pellet
projects + SK Solar Projects solar parks solar parks Plant
Entry to Acquisition Acquisition Acquisition Acquire NJ Acquire
Polish wind of Polish of Italy of Bulgaria rooftop solar Bulgaria solar
market CHP solar parks solar parks installations parks
CEE CEE landfill Entry to Acquisition Renewable Acquire
Renewable gas projects Baltic region of Italy energy sector Bulgaria solar
energy for carbon wind market investments parks
solar parks
investments trading
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10. TRACK RECORD: PROJECT FINANCE
6 MW FITMIN 2 MW BOSS Company BOT
SVEP wind Company Libocany wood Poland
farm Biomass Weir, CZ gasification Power
in CZ Boilers in CZ Small Hydro boilers in CZ Company
Forfaiting of Devinska Nova Snina, Trade Credit
ESCO Ves, SK SK Financing for
receivables District District 90 MW SOMA
in CZ Heating Heating wind farm
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11. FINANCIAL ADVISORY
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12. TRACK RECORD: FINANCIAL ADVISORY
Credit Facility Train Hungary Launched EE Design RES
for Municipal Credit Dept for Guarantee credit line for
Building EE RES Fund SMEs in CZ
Launched Launched Launched Launched
Block Hungary Block Montenegro EE Estonia Block
House House EE Credit Line at House EE
EE Financing Opportunity Financing
credit lines Facility Bank Facility
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13. TRACK RECORD: FINANCIAL ADVISORY
Poland EE Loan CEE EE Loan Quasi Equity for
Guarantee Fund Guarantee Fund SME RES
GeoFund Polish Hospital Block House EE SEE
Investment EE Financing Finance Sustainable
Window Facility Facility Energy Fund
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14. STRATEGIC ADVISORY
Entry to New Country Markets Risk Assessments
Review of Regulatory Selection of Optimal RES Sub-
Frameworks Sectors
Identification of Acquisition
Targets
Financing Strategies
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15. TRACK RECORD: M&A
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16. TRACK RECORD: M&A
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17. TRACK RECORD: M&A
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18. PROJECT DEVELOPMENT SERVICES
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19. GreenMax ADVANTAGES
Design of Financing Project Development
Facilities Services
Strategic
M&A Advisory
Project Finance Launch Financial
Products
Client Segment Advantages Differentiators
• Strategic Investors • Green Energy • Focus on Research
• Project Developers Specialists • Strong Origination
• Private Equity Funds • Regional Experience Network
• Infrastructure Funds + Presence • Established
• Multilateral Financial • Track Record of Relationships with
Institutions Success Investors
• Commercial Banks • Results Oriented • Innovative Structures
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20. Thank you!
Central and East European Headquarters
ul. Dobra 54/41
00-312 Warszawa
Phone: +48 22 892-0050
Fax: +48 22 892-0060
Email: cja@greenmaxcap.com
www.greenmaxcap.com