Greg Pritchard

Managing Director

RBS Morgans

Polo Club Breakfast

Energy Developments Ltd

(ASX:ENE)

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• May contain forward looking statements, all of which are predictions only, and are subject to inherent risks,

changes and uncertainties, including factors and risks specific to the industry in which EDL operates, as

well as Government policy, general economic conditions, prevailing exchange rates and interest rates and

conditions in the financial markets. Actual events or results may differ materially from the events or results

anticipated, expressed or implied in any forward looking statement.

Some the views expressed in this presentation contain information that has been derived from publicly

available sources that have not been independently verified. No representation or warranty is made as to the

accuracy, completeness or reliability of the information. This presentation should not be relied upon as a

recommendation or forecast by EDL.

EDL and its directors and employees disclaim any liability for any loss arising from the use of this presentation

or any information in it for any purpose and in any context to the maximum extent permitted by law.

Important Notice and Disclaimer

This presentation:

• Is not a recommendation to buy, sell, hold, borrow against, mortgage or deal in connection with Energy

Developments Limited ABN 84 053 410 263 (EDL) shares/securities in any way.

• Is limited in scope and covers only part of EDL’s operations.

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1988

11.4m tCO2-e0

100

200

300

400

500

600

700

800

900

EDL Company Overview

$177m

$935m

3.5m MWhCARBON

ABATED /

AVOIDED:

EBITDA:

TOTAL

ASSETS:

POWER

PRODUCED:

Historical and Committed MWs

Formation

of EDL

1993

Listed on

the ASX

1996

Appin/Tower

first WCMG

generation

project 1997

International

expansion –

US and UK

operations

commence

2006

First

WCMG

generation

project with

Anglo

20

11

Acquired

enGen from

Wesfarmers

2012

53MW

MRM

expansion

project

announced

2013

25th

anniversary

History

MW

Cap

acit

y

Key Highlights*

INSTALLED

CAPACITY: 800MW

* Note: Key highlights are for FY13 except Installed Capacity, forecast for Jan 14. Installed capacity excludes18MW Moranbah North expansion project.

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Leading Provider of Remote and Clean Energy

82%

18%44%

31%

14%

11%

Waste Coal Mine Gas Landfill Gas

EDL has #1 market positions across all its Australian businesses

UK and US businesses also enjoy strong top 10 market positions (174MW installed capacity)

Remote Energy Clean Energy*

351MW

50%

27%

23%Other

84MW191MW

Natural Gas, LNG, CNG & Diesel

* Australian Clean Energy Projects.

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Significant increase in capacity, earnings and diversity of customers over the past 10 years

For FY13, Moranbah North WCMG project was EDL’s largest site by earnings (11% of FY13 EBITDA)

Significant Growth and Diversification—Last 10 Years

FY13 Revenue: $403m

Projects: 80

Scale: 800 MW

FY03 Revenue: $117m

Projects: 54

Scale: 389 MW

Anglo American

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Safety and People

Total Lost Time Injury Frequency Rate

Employee Numbers

– Industry-leading safety performance

– LTIFR of 0.9

– 1 LTI in the past 12 months

– Strategies in place to attract and retain key

talent

– Improved MW/FTE from 1.48 in FY11 to 1.84 in

FY13

Nu

mb

er

of

Em

plo

ye

es

Fre

que

ncy R

ate

(per

mill

ion h

ou

rs w

ork

ed)

– Two minor reportable incidents

467

EDL’s Health, Safety and Environment track record is its social license to operate and key to continued success.

Target is Zero Harm globally

Safety

Environment

People

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– 2 4 6 8 10 12 14 16

Clean Energy (452 MW)

Remote Energy (344 MW)

Contracted years remaining Asset life(3)

Long Life Assets with Long Dated Contracted Positions

2030+

2030+

2022

2016

2026

2025

FY13A EBITDA(2)

Source: EDL management

(1) Weighted by divisional installed capacity (MW).

(2) Operating EBITDA, pre corporate costs.

(3) Contracted off-take shown for Remote Energy (PPAs); contracted supply shown for Clean Energy (GSAs).

$125m

Weighted average contractual

years and asset life(1)

$ 67m

>80% of revenues are fixed price including ~54% of capacity charge take or pay revenues

Remote Energy

(351MW)

Clean Energy

(449MW)

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Australian Remote Energy

Vast Australian continent makes widespread electricity distribution network uneconomical

Islanded remote energy power stations are the viable option for remote locations

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Australian Remote Energy—Growth

Growth

platform

High quality

customers

Proven

track

record

Leader in

Remote

Energy

1

2

– Proven track record in industry

– > 30 years’ operating experience

– Focus on fuel efficient customer solutions

– BHPB; Glencore Xstrata; AngloGold Ashanti; Gold Fields;

Newmont; Horizon Power; Power and Water Corporation

– Long term take or pay contracts

4

– Platform for further expansions

– 53MW McArthur River Project being commissioned

– Total market demand over next 5-10 years ~1.5GW

3

– Leading specialist provider of remote

power < 100MW in Australia

– 351MW installed

Remote Energy Asset Locations

Significant growth opportunities leveraging EDL’s incumbent asset position,

plus acquisition opportunities

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Clean Energy—Leader in Greenhouse Gas Abatement

370,000 homes powered Over 11 million tonnes

CO2e- abated and avoided

Equivalent to 3 million cars

removed from the road

Each home represents 10,000 homes Each car represents 20,000 carsEach factory represents 100,000 tonnes

1. Total homes in greater Brisbane at 2011: 821,059. 2011 Census QuickStats, http://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/3GBRI

2. Total cars in Australia at 2013: 17.2 million (http://www.abs.gov.au/ausstats/abs@.nsf/mf/9309.0)

3. Total annual carbon emissions at 2012: 552 million tonnes

= 2% of Australia’s total carbon

emissions3

= 17% of all Australian cars2= 45% of all homes in greater

Brisbane1

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Growth

platform

High quality

customers

Proven

track

record

Leader in

Clean

Energy

1

2

– Proven track record in industry

– > 25 years’ operating experience

– Focus on electricity generation from LFG and WCMG

– BHPB, Anglo American

– Long term contracts for ~800 PJ of gas supply

4

– 13MW at German Creek commissioned Dec-12

– Increased Bowen Basin capacity to 90MW

– Moranbah North gas supply extended to 2038

3

– Market leader in LFG and WCMG power generation

– 275MW installed

Clean Energy Asset Locations

Commitment to 18MW expansion at Moranbah and Powerlink network support agreement announced Aug 2013

demonstrates the success of the Clean Energy strategy

Australian Clean Energy—Growth F

or p

erso

nal u

se o

nly

Europe and US Clean Energy—Overview

United Kingdom

,

KEY: LFG Office

– 68MW of installed capacity on 10 landfill sites +

12MW Greek joint venture (50% interest)

– Underpinned by long-dated Landfill Gas Agreements

– Revenue set to increase as legacy NFFO off-take

contracts expire and generation is recontracted under

new Power Purchase Agreements

– 94MW of installed capacity on 8 landfill sites

– Long life assets underpinned by long-dated Landfill Gas

Agreements

– Key Ohio sites contracted under 10 year 56MW PPA

with American Municipal Power expiring 2021

UK – Highly cash generative assets underpinned by favourable operating conditions and regulatory environment

US – Expansions and operational performance enhancements now contributing increasing earnings

United States,

LFG OfficeKEY:

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Key Investment Highlights

Proven

management

Blue chip

customers

Incumbency

Scale

Diversification

Strong

profitability

Significant

growth

– 800MW of generation assets

– #1 market positions

– 80 projects across 3 continents

– 50% take or pay

– Centralised and integrated O&M and asset management

– 25% improvement in MWs per employee in past 2 years

4

3

5

– BHPB; Anglo American; AngloGold Ashanti; Glencore Xstrata;

– Horizon Power; Power and Water Corporation

2

1

– Long life assets with long dated contracted positions

– Excellent track record of recontracting

– 18MW Moranbah North expansion underway

– ~100MW+ brownfield; ~500MW+ greenfield; ~200MW+ acquisition opportunities6

– EBITDA of $177m; ~44% EBITDA margin; 11% ten year EBITDA CAGR

– FY14 EBITDA Guidance of $175m to $185m

– 18.9% ROE; Commencement of progressive dividend

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