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Blockchain Power Trust (V:BPWR.UN)

Business Focus: Investment Trusts

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Sector:  Financials Industry:  Investment Trusts
 
See Regulatory Filings on SEDAR
Company Contact
Address: 181 Bay St Suite 1800
TORONTO ON M5J 2T9
Tel: N/A
Website: blockchainpower.com
IR: See website
Key People
Ravi Sood
Executive Chairman of the Transeastern Power Administrator Inc
J. Colter Eadie
Chief Executive Officer, Director of Transeastern Power Administrator Inc
Betty Soares
Chief Financial Officer of the Transeastern Power Administrator Inc
Gabriel Staniloiu
Romanian Country Manager of Transeastern Power Administrator Inc
   
Business Overview
Blockchain Power Trust, formerly Transeastern Power Trust, is a Canada-based unincorporated open-ended limited purpose trust. It generates and sells electricity to licensed electricity buyers in Romania through its portfolio of hydroelectric generation facilities. Its segments include Hydro projects, Solar projects and Corporate. The Hydro projects segment includes hydroelectric run of river companies located in Romania, namely Rott, Zagra and Suha. Its Solar projects segment includes Solar Project companies located in Romania, namely SC Corabia Solar SRL (Corabia) and SC Power LIVE One SA (Power LIVE). The Corporate segment includes the management of the Hydro and Solar Projects located in Romania and corporate costs for administration of the Trust located in Canada. The Hydro Projects include approximately 11 hydroelectric run-of-river plants in Romania totaling over 5.1 megawatts of installed power. Its solar projects have a total capacity of over 16-megawatt peak.
Financial Overview
For the three months ended 31 March 2019, Blockchain Power Trust revenues decreased 3% to C$4.9M. Net loss before extraordinary items decreased 76% to C$1.2M. Revenues reflect Sale of electricity decrease of 17% to C$2M. Lower net loss reflects Loss on settlement of debt decrease from C$13.7M (expense) to C$0K, Interest and finance charges decrease of 36% to C$1.2M (expense), Professional fees decrease of 86% to C$93K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $52.79M as of Mar 31, 2019
Annual revenue (TTM): $17.15M as of Mar 31, 2019
EBITDA (TTM): $6.85M as of Mar 31, 2019
Net annual income (TTM): $9.80M as of Mar 31, 2019
Free cash flow (TTM): $16.58M as of Mar 31, 2019
Net Debt Last Fiscal Year: $24.79M as of Mar 31, 2019
Shares outstanding: 230,502,628 as of Aug 12, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization