1. Renewable Energy : The Opportunity and The Challenge presented by Jim Barry, Chief Executive, NTR plc Marine Energy and Smart Grid Workshop 10 May, 2010

2. A Changing World Security of Energy Supply Resource Depletion Climate Change “The Perfect Storm”

3. NTR’s Strategy Meets Global Challenges Securing A Greener Future The macro factors of climate change, resource sustainability and security of energy supplyunderpin the structural growth opportunities for the NTR Group. NTR's strategic response is to build and run green energy and resource-sustaining businesses. Climate Change Security of Supply Resource Sustainability

4. Transition From Our Heritage 1980 - 1998 1999 - 2002 2003 - 2005 2006 -> Applying experience from our heritage to today’s global challenges

5. Core Businesses In Four Sectors

6. Our Locations

10. Maintain local relationships to develop partnerships - close co-operation with landowners, communities and co-op utilities

11. Experienced staff implement a disciplined development process to identify promising high-return projects

12. Selective on projects and suppliers

14. Solar Technology Landscape > 10 kW > 100 kW > 10 MW > 50 MW > 50 MW > 50 MW

15. SunCatcher™ - the world’s most efficient solar technology

17. EPC Contracts

18. HQ in London, UK

21. HQ in Phoenix, AZ

23. EPC Contracts

24. HQ in Houston, Texas

26. Overview of Facilities X x

27. Business Overview 3rd party marketing Co-op grain storage Ethanol production Local blending points Risk management Merged business well capitalised Exploit efficiencies potential from new assets – six ethanol plants (480MG - all commissioned), eight grain elevators, national marketing and distribution Downstream access to underserved markets through investment in blending assets Access to corn upstream through selective investment in co-op storage Commodity hedging expertise / sound trading policies Vertically integrated approach secures access to supply and customers

30. 19 facilities

31. Integrated recycling and outsourced waste Management

32. 15 recycling facilities

33. Integrated collection and recycling

34. 12 recycling facilitiesIreland 900k tons Tons Processed North America 1.6m tons UK 300k tons

35. Greenstar Group Strategic Overview Operational Efficiency invest in Singlestream MRFs, best-in-class operations practices. Securing Margin hedging, variable contracts to match commodity swings. Upgrading for Value Creation higher grade plastics, glass beads. Pursuing Energy From Waste Singlestream - optical and magnetic sorting of recyclables on-site improves efficiency by 30% Upgraded recycled materials, such as food grade plastic pellets used by carton manufacturers, derive more value

37. Complexity to response with unknown or uncertain consequences of interactions

38. Cost economics are dynamic – needs to be reflected in evaluating renewables

39. Increasing geo-political tension/competition

40. Coal and CCS has to be addressed

42. Not a zero sum game – multiple winners

43. Drivers on the Demand and Supply side will bring fundamental change to grid design and operation

44. Comparative advantage (or disadvantage) will push some countries/regions towards marine

45. In Policy Makers interest to stimulate and encourage innovation and subsequent commercialisation

47. Inherent resistance to change and risk by exiting industry incumbents

48. Capital (or lack thereof)

49. Complexity of aligning support mechanisms: planning, market mechanisms, regulation and targets for statutory bodies

50. Beware regulatory and policy inconsistency and/or vacuum