Thailand

AWR Lloyd has been active advising clients in Thailand, Laos, Cambodia and Myanmar since its inception. AWR Lloyd has had a big consulting team and office in Bangkok for over a decade and a half. AWR Lloyd has advised a wide range of Thai companies – from small niche players to larger bluechips like PTT and Banpu. We have also advised a multitude of foreign companies on investments and acquisitions in the country.

AWR Lloyd has been a core advisor to Banpu PLC on its growth strategy, financial planning and investor relations for eighteen years, helping the company grow from a small Thai conglomerate into the leading multi-billion dollar regional coal-based energy group it is today. Banpu is widely viewed as one of Thailand’s leading stock exchange listed companies from a governance and investor relations perspective. It is also widely recognized as one of the Asia-Pacific region’s emerging leaders in the energy sector with projects and operations in nine countries: Thailand, Laos, Australia, Indonesia, China, Mongolia, Singapore, Japan and the US. Forbes has included the company in its list of ‘Forbes Asia’s Fab 50’.

AWR Lloyd advised a government agency, the Energy Regulatory Commission, in conjunction with partner-firm, in relation to a review of Thailand’s gas pricing strategy. In the gas and power sectors the firm has also conducted numerous other studies for both Thai and international clients. For example AWR Lloyd advised Hess on contract negotiations with PTTEP, advised CNOOC on its due diligence of UNOCAL’s Thai assets, a Japanese company on a 180MW cogen power acquisition and Ch.Karnchang on an SPP project development.

In oil, AWR Lloyd has worked for an oil tank farm operation in Thailand for over fifteen years and have helped the company originate and negotiate contracts with customers – including a large Singapore-based oil trading group. AWR Lloyd worked on a feasibility study for DP World in conjunction with Royal Haskoning in relation to a refinery and pipeline project in southern Thailand. AWR Lloyd has also conducted in-depth strategy consulting review for a major PTT subsidiary – and acted as IPO advisor for a large oil refining group.

In renewable energy, AWR Lloyd worked for a Thailand-based vanadium redox battery and fuel cell company. We helped the company develop a global commercialization strategy and negotiate capital-raising and grant funding based on scenario and probability-based discounted cash flow analysis. We have also worked on a number of solar and wind projects in Thailand.

Myanmar, Cambodia and Laos

In Laos, AWR Lloyd has advised a junior exploration company on a capital-raising for a copper exploration project. We have also advised a number of large power groups on various projects in the country. We have also advised a trading venture and a mining company on diesel procurement for projects in Laos.

In Myanmar AWR Lloyd advised a large Chinese company in relation to the acquisition of some oil and gas assets – and advised a Japanese group in relation to coal market potential. AWR Lloyd has worked on a number of feasibility studies in Myanmar including an offshore supply base, a multi-purpose port and industrial estate in Mandalay and a container port expansion in Yangon.

In Cambodia, AWR Lloyd provided a study for the country’s Energy Masterplan, an assignment sponsored by BG (British Gas) and the Cambodian National Petroleum Authority. AWR Lloyd completed work for two new oil and gas terminal and storage projects in Cambodia.

Singapore, Philippines, Malaysia, Brunei

AWR Lloyd has a number of oil, gas and power clients in Singapore. We have worked for Power Seraya, Tuas Power, Gas Supply Pte and Hess amongst others. Our work in gas and power has included a Singapore market LNG impact study, a long term gas supply analysis for a new CCGT plant, a gas reserves study for a power client and advice to a client seeking to acquire an 800MW power plant in Singapore. We have advised a Singapore-based oil trading group on its physical trading and storage strategies in Thailand and Vietnam since 2006.
 
In Malaysia we advised PETRONAS on the development of their overall global power business masterplan as well as acting as market advisor on the acquisition of a stake in GMR Energy, PETRONAS’ first power sector investment outside of Malaysia. We also conducted a study of gas reserves in Malaysia for a  Singaporean client and a palm oil and bio-mass study in East Sabah for a Korean client. In the Philippines we have advised a consortium in relation to a 2GW power acquisition and a private equity fund on a gold mining investment.

Indonesia

AWR Lloyd’s experience in Indonesia has revolved to a great extent around coal. AWR Lloyd has advised a large listed coal group on its strategy in the Indonesian coal sector for many years. We have also advised a Southeast Asian power company on potential investments and acquisitions in the thermal coal sector in Sumatra and Kalimantan. In 2007 AWR Lloyd advised a coalmining company on a $2 billion IPO on the Indonesian Stock Exchange. We have conducted studies of most of the main coal companies in Indonesia (including PT Bukit Asam, Adaro, ITM, Berau, Bumi, Indika/Kideco and Straits Asia) for a number of different clients. We have also put together general Indonesian coal sector studies for several clients including the Indonesian Coal Mining Association. 
 
In the power sector, AWR Lloyd has conducted a study of a coal-fired project on Bintan Island for a Korean client. In the oil and gas sector we have conducted an asset due diligence review for a Chinese client – and a diesel procurement study for a mining company.

Vietnam

AWR Lloyd has been active advising clients in Vietnam for over a decade. This has included a number of assignments for parts of the PetroVietnam group. For example, AWR Lloyd advised PV Gas on the feasibility of a new LNG terminal in conjunction with Royal Haskoning. The firm advised PetroVietnam Finance Corporation on its listing on the Ho Chi Minh Stock Exchange and the development of an investor relations programme. AWR Lloyd has been advisor to PetroVietnam Oil Stockpiling on the economic and commercial feasibility of two underground rock cavern oil storage projects. 
 
The work for the rock cavern oil storage projects was won on the back of previous experience advising on the feasibility of other oil tank farm and terminal projects in Can Tho and Nghi Son. The firm advised a Hong Kong based venture on oil terminal and coal terminal investment and acquisitions in southern Vietnam.
 
AWR Lloyd advised a UK-based private equity fund on a chromite mine investment. 

Korea, Japan and Taiwan

AWR Lloyd has built one of the leading gas, power and renewables advisory practices in the North Asian region working with clients such as Chubu Electric, SK, Korea Development Bank, Doosan Heavy Industries, Eurus Energy, Sumitomo Corporation, Sojtiz, Toyota Tsusho, Hyundai Heavy Industries, Samsung C&T, Goldwind and XEMC.
 
In gas and power, AWR Lloyd acted as market adviser to Chubu Electric in its attempt to acquire BP’s 35% stake in K-Power.  We have acted as lenders’ adviser to Korea Development Bank on approximately twenty power projects since 2009.  We have also conducted power and renewable energy credit price forecasting for Eurus Energy in Korea.  
 
We have also advised Korean and Japanese companies on outbound investment.  We have advised Eurus Energy on the Thailand power market as well as Sojitz on the acquisition of a 180MW power plant in Thailand.  We have also advised Hyundai Heavy Industries on municipal solid waste project opportunities in Thailand.  We advised a Korean consortium in Vietnam by conducting a pre-feasibility study on a 300kbpd refinery project and another Korean group on two underground rock cavern strategic petroleum reserve projects.

China & Mongolia

Coal and coal-fired power has featured prominently in our work in China and Mongolia. For example, we advised an Asian coal group on its investment strategy and alternative investment structures in the Chinese coal sector in 2005 and a few years later advised the same client on a $420 million acquisition of a coalmine and coal project in Shanxi Province. In Shanxi Province we also advised a power client on market and regulatory issues in relation to a coal mine and waste coal power project.

In Mongolia we worked for a private equity fund to evaluate a metallurgical and thermal coal project and more recently for a large Asian coal group in relation to the valuation and financial planning for some projects it planned to acquire for around $500 million. 
 
Outbound renewable energy investment has become an increasingly important component of our China advisory activities.  Our North American team was active in advising Chinese wind turbine manufacturers on opportunities to acquire projects in the U.S. for placement of wind turbines. For example, AWR Lloyd acted as advisor to a Chinese wind turbine manufacturer on a brownfield acquisition in California and has acted as commercial advisor to one of the largest Chinese wind turbine manufacturers on a series of project opportunities across the U.S.
 
In the oil and gas sector AWR Lloyd advised an Australian company on gas demand in southern China. We also worked for CNOOC on aspects of the due diligence relating to its bid for UNOCAL a few years ago. We have recently advised a new Hong Kong based energy storage and logistics venture in relation to a $200 million capital raising.

Outside the energy sector, we have advised a UK-based private equity fund on a zinc and lead mine investment in China.

Middle East & Africa

In the Middle East we have advised some large clients, such as DP World and Saudi Aramco on projects and acquisitions in the energy sector in South and Southeast Asia. Our work for Middle Eastern clients included feasibility work relating to the ‘Landbridge’ oil refinery and pipeline project in Southern Thailand (in conjunction with Royal Haskoning).

AWR Lloyd also had a large real estate client in the Middle East with investments in Southeast Asia. We have also advised some Asian clients in relation to investments and acquisitions in the Middle East including advice to a large fertilizer trading group on the potential acquisition of Arab Potash.
 
In Africa, AWR Lloyd advised private equity clients on investments in coal in South Africa and copper in the DRC. We also advised a large Canadian goldmining client on a major acquisition transaction, involving a number of assets in different African countries. One of AWR Lloyd’s principals worked extensively with South African clients in the goldmining sector in the 1990s as well as with major groups like Gencor, Billiton and Anglo American. During that time, the same principal advised a black empowerment group on the acquisition of JCI from Anglo American.

AWR Lloyd also has Senior Board Advisor, Raj Kohli, who was Head of Mining & Metals at Standard Bank of South Africa with extensive experience working with the African mining sector.

Indian Sub-Continent

AWR Lloyd has had representatives in India for nearly two decades.

In the oil and gas sector we have advised a major international oil and gas group on its investment strategy in the oil refining, petrochemicals and downstream oil sector in India. And we have advised a private equity fund on due diligence relating to some potential oilfield acquisitions in India. 

We advised a large Asian energy client on coal and coal-fired power investments in India between 2000 and 2003 including a mine-mouth lignite-fired power project in Rajasthan. We have also provided some in-depth Indian coal sector and power sector studies for a Southeast Asian coal client.
In the steel sector we advised a cold-rolling mill client in India on its capital-raising strategy. We have also provided strategic consulting and M&A advisory services to Tata Steel relating to acquisition targets in the downstream steel sector in Southeast Asia.
  
In the mining and metals sector, one of AWR Lloyd’s principals has extensive experience working with the major copper, zinc and aluminium companies in India in the 1990s.

Australia & New Zealand

AWR Lloyd’s Senior Advisory Board Chairman is based in Australia and AWR Lloyd has had representatives and consultant teams in Australia for nearly two decades.
 
AWR Lloyd was the advisor to Felix Resources, a coalmining company, and one of its predecessors from 2002 to 2008. The firm advised this client on a series of M&A transactions, two of which were successfully completed: the first resulting in the creation of Felix Resources itself and the second one resulting in a market capitalization for the post-merger company of around $0.5 billion. AWR Lloyd advised the client on its growth strategy and investor relations – and within a year of the end of our last assignment Felix was purchased for $3 billion by a Chinese coal group. 
 
In the coal sector, AWR Lloyd has also advised a local ultra-clean coal technology client on its financial strategy. We have also advised Banpu at a high level on its post- acquisition investor relations strategy for Centennial, the largest coal supplier to the NSW power sector in addition to other aspects of their medium term financial strategy for the company. We have also recently advised a Southeast Asian power client on acquisition and investment opportunities in the coal industry in Australia.
 
In the oil and gas sector, AWR Lloyd has advised clients like Woodside and Australian LNG on aspects of their growth strategy in Asia with a focus on China and Thailand. In the non-coal mining sector we have advised a Japanese group on a $200 million acquisition of an ASX-listed copper mining company.

North & South America

AWR Lloyd established a North American presence in Austin, Texas during 2011 in order to better serve our Asian clients as they ventured into the North American market and help North American companies with raising capital in Asia as well as investing in Asia.  The primary focus of our principals in North America was in renewables, gas and power and upstream oil and gas. These principals have since become senior consultants to AWR Lloyd with their own local advisory firm.
 
AWR Lloyd have advised Japanese, Korean and Chinese clients on renewable sector opportunities in the Americas.  Since 2008, we have advised Diamond Generating Corporation and Green Power Investment Corp, both associated with Mitsubishi Corporation, on a number of wind projects in Canada, the US and Mexico.  We have advised Goldwind on a number of potential wind opportunities and, during 2011, advised another Chinese wind turbine manufacturer on the acquisition of a 67MW project in California.  We have advised a large Korean wind turbine manufacturer on their market entry strategy for North America.  For other Korean wind turbine manufacturers and investment groups we have provided market, commercial and financial advisory services on wind and solar projects across the US.

Europe & Russia

Although AWR Lloyd’s focus is in Asia-Pacific, AWR Lloyd’s roots are in Europe. The original founders of the firm were executives at the French investment bank, Paribas in London and Paris in the 1990s. Many of AWR Lloyd’s principals have extensive experience advising a multitude of energy, mining and metals clients in Europe over several decades.
 
One of AWR Lloyd’s first assignments was advising the Romanian Government (in conjunction with the World Bank and Paribas) on the privatization of its aluminium industry, including the largest smelter in Central and Eastern Europe. Since then we have also advised European clients like Linde and BG (British Gas) on aspects of their investment and acquisition strategies in Southeast Asia. We have worked for a UK-based private equity fund for a number of years with portfolio reviews and investment evaluation for mining opportunities worldwide. The fund was recently listed on the London Stock Exchange raising approximately $50 million in the process for new investments.
 
In Russia and the countries of the former Soviet Union, AWR Lloyd’s principals have experience which dates back to the mid-1990s working with the oil and gas industries (LUKoil, Yukos…) and mining industries. AWR Lloyd has advised a fund in relation to a gold mine project in one of the Central Asian republics and another fund in relation to a silver project in Russia. We have also advised a fertilizer and grain trading group in Switzerland in relation to developing a post-acquisition business plan for a fertilizer company in Russia.