Reservoir Capital Corp. (C:REO)
Business Focus: Hydroelectric & Tidal Utilities
| Sector: Utilities | Industry: Electric Utilities |
| Company Contact | |
| Address: | 595 Howe St, 10th Floor VANCOUVER BC V6C 2T5 |
| Tel: | N/A |
| Website: | https://www.reservoircapitalcorp.com |
| IR: | See website |
| Key People | ||
| Lewis T. Reford Chief Executive Officer | Monique Hutchins Corporate Secretary | |
| Business Overview |
| Reservoir Capital Corp. is a Canada-based clean power investment vehicle concentrating on operational power projects located in emerging markets. The Company has two minority equity investments in its portfolio, both held through its wholly owned Mauritius SPV, Kainji Power Holding Ltd, giving the Company approximately 46 megawatts (MW) of net operating capacity in four hydropower assets. Its first investment is a minority interest in Mainstream Energy Solutions Ltd (MESL), the concessionaire of two Nigerian hydro power plants located at Kainji and Jebba on the Niger River with a combined operating capacity of 922 MW. Its second investment is a majority interest in Olocorp Nigeria Ltd, which itself holds a minority interest in North South Power Company Ltd (NSP), the concessionaire of two Nigerian hydro power plants located at Shiroro and Gurara, both on the Kaduna River with a combined operating capacity of 630 MW. |
| Financial Overview |
| For the nine months ended 30 September 2021, Reservoir Capital Corp revenues decreased 47% to C$812K. Net loss totaled C$686K vs. income of C$1.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Administrative services and office increase from C$10K to C$399K (expense), Consulting increase from C$130K to C$442K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $9.22M as of Sep 30, 2021 |
| Annual revenue (TTM): | $2.56M as of Sep 30, 2021 |
| EBITDA (TTM): | $0.82M as of Sep 30, 2021 |
| Net annual income (TTM): | -$0.06M as of Sep 30, 2021 |
| Free cash flow (TTM): | $0.06M as of Sep 30, 2021 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 5,753,474 as of Sep 30, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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