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A Leading Provider of Clean Energy Solutions
Formerly Juhl Wind, Inc.
Chicago ▪ Milwaukee ▪ Minneapolis ▪ Pipestone MN ▪ Red Lake Falls MN ▪ Woodstock MN
Safe Harbor Statement
This presentation may include forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange
Act of 1934. We have based these forward-looking statements on our current expectations
and projections about future events. These forward-looking statements are subject to
known and unknown risks, uncertainties and assumptions about us and our affiliate
companies, that may cause our actual results, levels of activity, performance or
achievements to be materially different from any future results, levels of activity,
performance or achievements expressed or implied by such forward-looking statements.
This presentation is supplied for informational purposes only and does not constitute (1) an
offer to sell, or solicitation of an offer to buy, and securities of Juhl Energy, Inc. or (2) a
promise or representation that any such offer will be made to the recipient or any other
party. This presentation contains confidential information regarding Juhl Energy, Inc.
For additional information:
Juhl Energy on the Web: www.juhlenergy.com
Juhl Energy Investor Relations
Tel: (888) 438-JUHL
Email: info@juhlwind.com
Current Financial Overview
Symbol JUHL
Corporate Headquarters
Offices
Pipestone, MN (near Sioux Falls, SD)
Chicago, Milwaukee, Minneapolis, Red
Lake Falls
Stock Price (4/9/14) || 52-Week Range $0.40 || $0.13 - $.55
Shares Outstanding (3/24/14) 25,503,287
Market Capitalization (4/9/14) $9.5 Million
Volume (3-month average (4/9/14) 26,694
Total Assets (12/31/13) $32,287,719
Wind Farm Assets (12/31/13) $23,831,680
Total Liabilities (12/31/13) $25,106,122
Cash & Equivalents (12/31/13) $1,280,681
Total Revenue 2013 $15,101,281
Net Income(Loss)/Per Share 2013 $(3,046,347)/$(0.17)
Insider Ownership 64%
Full-time Employees 82
Fiscal Year December 31
Accounting Firm Boulay Group
Diversifying & Executing
• Growing our Nationally-Recognized Community Wind Farm Development Business
• Taking Advantage of Opportunities in Regions with High(er) Energy Rates
• Expanding Predictable Revenue Base with Acquisition of New & Existing Wind Farms
• Acquiring Complimentary, Higher Margin, Industry Service Providers
- Power Engineers Collaborative, LLC engineering services company acquired in April
2012 adding approximately $5,000,000 in revenue
• Small Wind & Solar Products are Under Development for 2014
• Deploying & Integrating Existing Wind Tower Operation and Maintenance
Professionals into Similar Activities on Tall Structures such as Cellular
Communication Towers (Juhl Tower Services, Inc.)
• Battery Storage Partnerships Being Explored
• Launching “First of its Kind” Wind/Solar Hybrid Utility Scale System
JUHL ENERGY HAS QUICKLY BECOME A
DIVERSE AND BALANCED CLEAN ENERGY COMPANY!
Juhl Energy Organization
Wind Farm
Ownership
Engineering
and Field
Services
Development &
Systems Sales
Juhl
Renewable
Assets, Inc.
Juhl
Renewable
Assets, Inc.
Juhl Valley
View, LLC
Juhl Valley
View, LLC
Winona Wind
Holdings, LLC
Winona Wind
Holdings, LLC
Woodstock
Hills, LLC
Woodstock
Hills, LLC
5045 Wind
Partners, LLC
5045 Wind
Partners, LLC
Power
Engineers
Collaborative
Consulting
Power
Engineers
Collaborative
Consulting
Juhl Energy
Services, Inc.
Juhl Energy
Services, Inc.
Juhl Tower
Services, Inc.
Juhl Tower
Services, Inc.
Juhl Energy
Development,
Inc.
Juhl Energy
Development,
Inc.
Juhl
Renewable
Energy
Systems, Inc.
Juhl
Renewable
Energy
Systems, Inc.
PV PowerPV Power
Juhl Energy Operating Divisions
WIND FARM OWNERSHIP
Juhl Renewable Assets, Inc.
• Acquire ownership positions in wind farms, and invest in other renewable energy
assets, including other related industries, that meet our renewable energy criteria.
Current assets $25,000,000+
• Current ownership positions Valley View wind farm (10 MW), Woodstock Hills wind
farm (10.2 MW ), and Winona Wind (1.5 MW), Iowa wind farms (3.2 MW).
DEVELOPMENT AND SYSTEMS SALES
Juhl Energy Development, Inc.
• Core development division providing a wide variety of services to the renewable
energy sector
• Completed 23 wind farm projects, accounting for over 240 MW of wind power to
date worth over $500 million.
• Currently has over 20 new wind farm projects in development in the U.S. totaling
over 295 MW.
Juhl Renewable Energy Systems, Inc.
• Specializing in advanced conservation technologies, focused on smaller scale wind
and solar energy systems. Current products Solarbank™ and Powerbank™
• Acquired PV Power, which generates on-line solar equipment sales
Juhl Energy Operating Divisions (cont.)
ENGINEERING AND FIELD SERVICES
Juhl Energy Services, Inc.
• Administrative, management, maintenance and warranty services agreements with
wind generation facilities that we have developed with wind farms developed by
others.
• Juhl Energy Services currently provides operation management and oversight to
wind generation facilities generating approximately 85 MW of power.
Juhl Consulting Services/Power Engineers Collaborative (“PEC”)
• Engineering and consulting services to the power systems industry in all phases
from site selection, permitting, preparation of contract documents to bid
evaluation and engineering services during construction among numerous others.
• Sectors include commercial, retail, data and communications, K-12 and higher
educational, food service, high-rise development, hotel, multi-family residential,
industrial, geothermal heat pump systems, biomass, power, municipal, public
works and parking facilities.
Juhl Tower Services, Inc.
• In early 2013, Juhl Energy Services formed a wholly-owned subsidiary, Juhl Tower
Services, which will enter into agreements to perform implementation and
maintenance activities on cellular communication towers.
Led by an Industry Icon – Dan Juhl
Dan Juhl, CEO of Juhl Energy, Inc. has been instrumental in the
develop of over 1,500 MW of wind generation in his 30 years of
experience in the field. He has been a principal consultant to
several industry leaders such as Edison Capital, Johnson Controls,
John Deere Capital, Suzlon Turbine Manufacturing, Nebraska
Power and Xcel Energy. He has appeared before numerous state
and federal governmental bodies advocating wind power and
community-based energy development on behalf of landowners,
farmers and ranchers.
• Dan Juhl began by developing his own 10.2 MW wind farm in 1997
• Dan pioneered “Community Wind” with the first community project in the U.S. in
1999
• Currently one of the most sought after wind energy developers by land owners and
potential investors of wind projects in the U.S.
Defining Juhl’s Niche′ Market
- Medium Scale Wind Farms, Community Wind
- On-Site Wind Serving Industrial and Municipal Sectors
Juhl is the ONLY real “Energy Enterprise” serving this space
Two Major Types of Wind Power Development:
1. Large utility-dominated wind farms (100 – 500 MW)
(NOT Juhl Energy – requires significant risk & transmission capacity)
2. Community-Based Energy Development (5 - 80 MW)
(THIS is Juhl Energy)
• A distributed generation model built only where transmission already exists
• Secures economic benefits for local community and landowners
• Brings legal, financing, job retention and other advantages to the local area
• The landowner and local community retain more by sharing ownership with developer
and eliminating external interests
Advantages of Community Wind Power
Advantages of Medium Scale Wind/Community Wind:
• Much easier to build a 5-80 MW wind farm
• Fits a distributed generation model
• Local owners secure local support for the project (easier to obtain site permits and
utility power purchase agreements)
• Utilizes local contractors and sub-contractors to build and maintain the project
• No need for expensive and difficult transmission
• Much easier to secure project financing
Uniquely Positioned with Diversification
Wrapping Wind Power with 2 Very Strong, Complementary Business
Divisions
Juhl Renewable Assets Inc. – Investment, Ownership and Acquisitions
• Only U.S. renewable energy company that allows investors to invest directly
into renewable asset base.
• Juhl Renewable Assets Preferred Stock
• Long term commitment to owning and operating cash flowing assets.
Juhl Engineering – Power Engineers Collaborative
• Important capability to properly manage asset ownership
• Brings immediate credibility to institutional partners with other asset
classes – biomass, natural gas co-generation, etc.
Juhl Renewable Assets Preferred Stock
Juhl Renewable Assets Inc. (“JRAI”) Preferred Stock
Allowing Interested Individuals Ownership in Renewable Energy Assets
• Since 2011
• 9% Dividend for Nine Consecutive Quarters
• Funded 3 Wind Farms, Several Others Under Consideration
• Democratizing the Renewable Energy & Utility Infrastructure Asset Class
• Positioning for Growth Through Acquisition
Significant Acquisition Opportunities
Existing Wind Farm Landscape
Over 500 small wind farms under 50 Megawatts exist in U.S.
• Sellers include GE, Alliant, Duke, Edison Mission, Exelon
Owners are motivated to sell
• Production tax credits for renewable energy (PTCs) are expiring
• Assets are fully depreciated (5-year depreciation )
• Equipment warranties are expiring
• Comprise a small portion of their current business
• Located in remote locations with high operating costs
Juhl is Well-Positioned to Take Advantage of Acquiring These
Properties at a Significant Discount
Economics of Acquiring Pre-Owned Wind Farms
Financing Pre-Owned, Small Utility-Scale Wind Farms Through Juhl Renewable
Asset Preferred Equity
Purchase Price of $6,500,000
% of Project Financing $ of Project Financing
Perpetual Preferred at 9% Dividend 100% $ 6,500,000
Total: $ 6,500,000
Financial Performance
$ Cash Inflow/Outflow
Annual Revenue (at 50 mega watts) $ 6,500,000
Dividend Payment $ 585,000
Operating Expenses $ 3,400,000
Annual Cash Flow to Juhl: $ 2,515,000
Economics of Financing New Wind Farms
20 MW Project Cost of $34,000,000
% of Project Financing $ of Project Financing
Bank Debt at 6% 45% $ 15,300,000
Tax Equity Investor 35% $ 11,900,000
Perpetual Preferred at 9% 20% $ 6,800,000
Total: $34,000,000
Financial Performance
$ Cash Inflow/Outflow
Annual Revenue (at 6 mega watts) $ 4,400,000
Bank Debt Principal and Interest Payment $ 1,600,000
Dividend Payment $ 612,000
Operating Expenses $ 850,000
Annual Project Cash Flow : $ 1,338,000
Our Target Geographical Markets
Completed Projects
Project Name County/Location MW Completed
Woodstock Hills Pipestone, MN 10.20 1999
DanMar I Pipestone, MN 17.10 2004
DanMar II Pipestone, MN 8.25 2004
Bingham Lake Cottonwood, MN 15.00 2005
Eastridge Murray, MN 10.00 2005
Brewster Brewster, MN 5.70 2004
GM Farms Dodge Center, MN 30.00 2004
MinWind I & II Hills, MN 15.30 2005
Grant County Hoffman, MN 20.00 2010
Adams Wind Meeker County, MN 20.00 2011
Valley View Chandler, MN 10.00 2011
Danielson Wind Meeker County, MN 20.00 2011
GL Wind Winona County, MN 5.00 2011
Crofton Bluffs Crofton, NE 42 2012
Honda Facility Russell’s Point, OH 3.40 2013
8 < 2MW projects Minnesota 8.45 2000-2012
TOTAL 240
Macro Trends Continue to Support Growth
• State RPS requirements remain unfulfilled,
opportunity for Juhl Wind portfolio
• Federal Government support through tax
policy
• Push for new nuclear will lead to continued
balance with wind and solar growth
• Wind is becoming more and more cost
competitive
• Utility scale battery storage is advancing
rapidly
Wind provided 35 percent of all new U.S.
electricity generation capacity, 2007-10
■ Coal ■ Wind
■ Petroleum ■ Other Renewables
■ Nuclear ■ Other
■ Natural Gas
Wind Power – Why it Makes Sense
$0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0
Natural Gas Peak
Wind Power
Clean Coal
Nuclear
On-site Fuel Cells
Solar
Community wind power offers one of the lowest installation and operating
cost profiles relative to competing renewable energy sources
Installed Cost per MW for Electricity ProductionInstalled Cost per MW for Electricity Production
($ in millions)
$6.0
$10.0
$8.0
$3.0
$5.0
$4.0
$5.0
$2.5
$1.5
$1.8
$0.8
$2.3
Renewable Energy Incentives
• U.S. Stimulus Bill
– Over $150 billion committed to wind power development
• 30% Renewable Energy Tax Credits – available through 2015 for big wind that
started construction by the end of 2013, and through 2016 for small scale
renewables
– Over $11.0 billion awarded to developers of renewable energy projects
– Possibility of federal Extender Bill legislation in 2014 for PTC/ITC.
• Accelerated depreciation
– 5-year depreciation for tax purposes on wind equipment
Legislation for Renewables Still Growing
25% by
2025
25% by 2025
15% by
2020
15% by 2015
20% by
2025
15% by
2025
10% by
2015
20% by 2020
5,880 MW by
2015
18% by
2021
15% by
2021
105
MW
25% by
2025
NH: 24.8% by 2025
VT: 20% by 2017
MA: 22.1% by 2020
RI: 16% by 2020
CT: 27% by 2020
NJ: 20.38% by 2021
DE: 25% by 2026
MD: 20% by 2022
12.5% by
2021
25%
by
2025
29% by
2015
10%
by 2017
30%
by 2020
40% by
2030
Percentage of Energy
from Renewable Sources
Percentage of Energy
from Renewable Sources
32 States + The District of Columbia
10%
by 2015
10% by
2015
10% by
2015
40%+
25% to 39%
20% to 24%
15% to 20%
4% to 14%
No state RPS
12.5% by
2024
Data from DSIRE 2013
State Wind Generation & Capacity 2012
AWEA May 2013 Market Report
Top 5 States,
by Total Wind Capacity
Top 5 States,
by New Wind Capacity in 2012
Top 5 States, by Wind % of
State Generation
Texas: 12,214 MW Texas: 1,826 MW Iowa: 24.5%
California: 5,544 MW California: 1,656 MW South Dakota: 23.9%
Iowa: 5,133 MW Kansas: 1,441 MW North Dakota: 14.9%
Illinois: 3,568 MW Oklahoma: 1,127 MW Minnesota: 14.3%
Oregon: 3,153 MW Illinois: 823 MW Kansas: 11.4%
Annual Wind Power Capacity Installed 1999-2012
Recent Juhl Energy Highlights
• Selected as development partner for upstate NY's Black Oak Wind Project - proposed
15-30 MW facility expected to be online 2014.
• Announced launch of Juhl Renewable Energy Systems, Inc. – smaller wind and solar
systems for farming operations, small and medium-sized businesses, municipalities,
public facilities, residential application.
• Acquisition of Power Engineers Collaborative, LLC - adding $5.0+ million in annual
revenue
• Joint venture with 8030 Companies with focus on acquiring existing wind farms
throughout the U.S. and Canada
• Completed two-turbine $9.0 million on-site wind project for Honda Transmission Mfg. of
America, currently generating electricity for Honda’s transmission plant in Russell’s
Point, Ohio.
• Formed Juhl Tower Services, Inc. to perform implementation and maintenance activities
on cellular communication towers - expected to add $10.0M+ in annual revenue
• Acquired PV Power, a leading on-line distributor of solar power systems and solar
components to industry professionals, contractors and consumers across the country.
2014 Expectations & Milestones
 Moving into a larger market of smaller projects with on-site, municipal and
wind/solar hybrid
 Preferred Renewable Asset Equity Vehicle
 We will be actively looking for project and company acquisitions including:
- existing wind farms to build our residual, repeatable annual revenue streams
- other operation and maintenance providers
- consulting organizations
- Expect to complete a $5 million acquisition
 Creating joint ventures with other industry partners on specific projects
 Continue building Juhl Energy Services and expand into other regions with Juhl
Tower Services, Inc.
 Establish our development presence outside Midwest to capture higher rates
 Reported over $15.0 Million in 2013 Revenue
Financial Results - Years Ended 2011-13
Year End 2013 Year End 2012 Year End 2011
REVENUE
Wind farm development $ -0- $ 601,558 $ 8,288,191
*Renewable Energy Development 3,855,229
Engineering Consulting -0- 3,338,837 -0-
*Renewable Power Plant Ownership 2,913,348
Management and maintenance -0- 1,070,584 1,076,798
*Energy & Telecommunication Services 8,772,509
Small scale solar and wind -0- 101,337 364,816
*Eliminations (439,805)
Electrical power sales -0- 3,018,433 605,804
Construction contract revenue -0- -0- 5,242,048
Total revenue 15,101,281 8,130,749 15,577,657
EXPENSES
Operating expenses 5,642,032 4,654,022 4,672,447
Net Income (Loss)/Per Share (3,046,347)/(0.17) (2,945,721) /(0.16) 3,042,005/0.12
Weighted Ave. shares out.-diluted 23,513,996 22,474,217 21,658,433
ASSETS
Cash and unrestricted S/T investments $ 1,280.681 2,351,989 6,198,344
Wind Farm assets 23,831,680 24,820,575 25,330,022
Total assets 32,287,718 32,947,118 43,371,401
LIABILITIES
Current liabilities 6,061,740 4,046,174 14,190,774
L/T liabilities 19,044,382 19,746,570 20,249,978
* The Company now groups its operations into three business segments. For further information and definitions, refer to the
complete SEC financial filings at www.juhlenergy.com and www.sec.gov
Unique Amongst Green Public Companies
Unique Financial Strength for a Green Growth Company
• Balance sheet strength from the outset
• Double-digit growth plan
• Proven and experienced management team
• Streamlined operations
• The only credible INDEPENDENT, PUBLIC wind power development company
headquartered in the U.S.
Originator and Leader of Community Wind Power
• Unique ownership sharing formula with farmers and local communities
• A large and open sector in the broader wind energy arena
• Provides an ongoing competitive advantage in the space
• The leading specialist in small wind farms for over 25 years
What This Means For Juhl Investors
• Juhl may be the only publicly-traded proven, independent developer, owner and
service provider of wind power in the U.S.
• Juhl has demonstrated it is well on its way to creating a diversified, yet focused
energy services and wind power company.
• Juhl’s focus is on recurring, repeatable and strong base of annual revenue
contracts
- Juhl Renewable Assets - wind farms and other forms of renewable
energy ownership and operations, a true independent power producer
- Juhl Energy Services - operations and service
- Power Engineers Collaborative, LLC – engineering expertise
- Juhl Tower Services, Inc. – cell tower maintenance
- PV Power - distributive solar market
• Juhl’s development will always be a strong cash generator
• Juhl provides significant growth potential to investors while providing downside
protection through maintenance of solid balance sheet and industry experience
Juhl Energy Offices & Contact Info
Corporate Headquarters Main Office in Chicago and PEC
Juhl Energy, Inc. 600 W. Jackson Blvd
1502 17th St. SE Suite 600
Pipestone, MN 56164 Chicago, Il 60661
Tel: (877) 584-5946 Tel: (312) 466-1540
www.juhlwind.com www.pecllc.com
Minneapolis Financial Milwaukee Engineering Office
Headquarters Power Engineers Collaborative
Juhl Energy, Inc. 150 Sunny Slope Road
470 W 78th St. Suite 250 Brookfield, WI 53005
Minneapolis, MN 55317 www.pecllc.com
Juhl Energy Services Investor Relations
996 190th Avenue Jody Janson
Woodstock, MN 56186 Tel: (888) 438-JUHL (888-438-5845)
Tel: (507) 777-4343 Email: info@juhlwind.com

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Juhl Energy - Corporate Presentation May 2014

  • 1. A Leading Provider of Clean Energy Solutions Formerly Juhl Wind, Inc. Chicago ▪ Milwaukee ▪ Minneapolis ▪ Pipestone MN ▪ Red Lake Falls MN ▪ Woodstock MN
  • 2. Safe Harbor Statement This presentation may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us and our affiliate companies, that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. This presentation is supplied for informational purposes only and does not constitute (1) an offer to sell, or solicitation of an offer to buy, and securities of Juhl Energy, Inc. or (2) a promise or representation that any such offer will be made to the recipient or any other party. This presentation contains confidential information regarding Juhl Energy, Inc. For additional information: Juhl Energy on the Web: www.juhlenergy.com Juhl Energy Investor Relations Tel: (888) 438-JUHL Email: info@juhlwind.com
  • 3. Current Financial Overview Symbol JUHL Corporate Headquarters Offices Pipestone, MN (near Sioux Falls, SD) Chicago, Milwaukee, Minneapolis, Red Lake Falls Stock Price (4/9/14) || 52-Week Range $0.40 || $0.13 - $.55 Shares Outstanding (3/24/14) 25,503,287 Market Capitalization (4/9/14) $9.5 Million Volume (3-month average (4/9/14) 26,694 Total Assets (12/31/13) $32,287,719 Wind Farm Assets (12/31/13) $23,831,680 Total Liabilities (12/31/13) $25,106,122 Cash & Equivalents (12/31/13) $1,280,681 Total Revenue 2013 $15,101,281 Net Income(Loss)/Per Share 2013 $(3,046,347)/$(0.17) Insider Ownership 64% Full-time Employees 82 Fiscal Year December 31 Accounting Firm Boulay Group
  • 4. Diversifying & Executing • Growing our Nationally-Recognized Community Wind Farm Development Business • Taking Advantage of Opportunities in Regions with High(er) Energy Rates • Expanding Predictable Revenue Base with Acquisition of New & Existing Wind Farms • Acquiring Complimentary, Higher Margin, Industry Service Providers - Power Engineers Collaborative, LLC engineering services company acquired in April 2012 adding approximately $5,000,000 in revenue • Small Wind & Solar Products are Under Development for 2014 • Deploying & Integrating Existing Wind Tower Operation and Maintenance Professionals into Similar Activities on Tall Structures such as Cellular Communication Towers (Juhl Tower Services, Inc.) • Battery Storage Partnerships Being Explored • Launching “First of its Kind” Wind/Solar Hybrid Utility Scale System JUHL ENERGY HAS QUICKLY BECOME A DIVERSE AND BALANCED CLEAN ENERGY COMPANY!
  • 5. Juhl Energy Organization Wind Farm Ownership Engineering and Field Services Development & Systems Sales Juhl Renewable Assets, Inc. Juhl Renewable Assets, Inc. Juhl Valley View, LLC Juhl Valley View, LLC Winona Wind Holdings, LLC Winona Wind Holdings, LLC Woodstock Hills, LLC Woodstock Hills, LLC 5045 Wind Partners, LLC 5045 Wind Partners, LLC Power Engineers Collaborative Consulting Power Engineers Collaborative Consulting Juhl Energy Services, Inc. Juhl Energy Services, Inc. Juhl Tower Services, Inc. Juhl Tower Services, Inc. Juhl Energy Development, Inc. Juhl Energy Development, Inc. Juhl Renewable Energy Systems, Inc. Juhl Renewable Energy Systems, Inc. PV PowerPV Power
  • 6. Juhl Energy Operating Divisions WIND FARM OWNERSHIP Juhl Renewable Assets, Inc. • Acquire ownership positions in wind farms, and invest in other renewable energy assets, including other related industries, that meet our renewable energy criteria. Current assets $25,000,000+ • Current ownership positions Valley View wind farm (10 MW), Woodstock Hills wind farm (10.2 MW ), and Winona Wind (1.5 MW), Iowa wind farms (3.2 MW). DEVELOPMENT AND SYSTEMS SALES Juhl Energy Development, Inc. • Core development division providing a wide variety of services to the renewable energy sector • Completed 23 wind farm projects, accounting for over 240 MW of wind power to date worth over $500 million. • Currently has over 20 new wind farm projects in development in the U.S. totaling over 295 MW. Juhl Renewable Energy Systems, Inc. • Specializing in advanced conservation technologies, focused on smaller scale wind and solar energy systems. Current products Solarbank™ and Powerbank™ • Acquired PV Power, which generates on-line solar equipment sales
  • 7. Juhl Energy Operating Divisions (cont.) ENGINEERING AND FIELD SERVICES Juhl Energy Services, Inc. • Administrative, management, maintenance and warranty services agreements with wind generation facilities that we have developed with wind farms developed by others. • Juhl Energy Services currently provides operation management and oversight to wind generation facilities generating approximately 85 MW of power. Juhl Consulting Services/Power Engineers Collaborative (“PEC”) • Engineering and consulting services to the power systems industry in all phases from site selection, permitting, preparation of contract documents to bid evaluation and engineering services during construction among numerous others. • Sectors include commercial, retail, data and communications, K-12 and higher educational, food service, high-rise development, hotel, multi-family residential, industrial, geothermal heat pump systems, biomass, power, municipal, public works and parking facilities. Juhl Tower Services, Inc. • In early 2013, Juhl Energy Services formed a wholly-owned subsidiary, Juhl Tower Services, which will enter into agreements to perform implementation and maintenance activities on cellular communication towers.
  • 8. Led by an Industry Icon – Dan Juhl Dan Juhl, CEO of Juhl Energy, Inc. has been instrumental in the develop of over 1,500 MW of wind generation in his 30 years of experience in the field. He has been a principal consultant to several industry leaders such as Edison Capital, Johnson Controls, John Deere Capital, Suzlon Turbine Manufacturing, Nebraska Power and Xcel Energy. He has appeared before numerous state and federal governmental bodies advocating wind power and community-based energy development on behalf of landowners, farmers and ranchers. • Dan Juhl began by developing his own 10.2 MW wind farm in 1997 • Dan pioneered “Community Wind” with the first community project in the U.S. in 1999 • Currently one of the most sought after wind energy developers by land owners and potential investors of wind projects in the U.S.
  • 9. Defining Juhl’s Niche′ Market - Medium Scale Wind Farms, Community Wind - On-Site Wind Serving Industrial and Municipal Sectors Juhl is the ONLY real “Energy Enterprise” serving this space Two Major Types of Wind Power Development: 1. Large utility-dominated wind farms (100 – 500 MW) (NOT Juhl Energy – requires significant risk & transmission capacity) 2. Community-Based Energy Development (5 - 80 MW) (THIS is Juhl Energy) • A distributed generation model built only where transmission already exists • Secures economic benefits for local community and landowners • Brings legal, financing, job retention and other advantages to the local area • The landowner and local community retain more by sharing ownership with developer and eliminating external interests
  • 10. Advantages of Community Wind Power Advantages of Medium Scale Wind/Community Wind: • Much easier to build a 5-80 MW wind farm • Fits a distributed generation model • Local owners secure local support for the project (easier to obtain site permits and utility power purchase agreements) • Utilizes local contractors and sub-contractors to build and maintain the project • No need for expensive and difficult transmission • Much easier to secure project financing
  • 11. Uniquely Positioned with Diversification Wrapping Wind Power with 2 Very Strong, Complementary Business Divisions Juhl Renewable Assets Inc. – Investment, Ownership and Acquisitions • Only U.S. renewable energy company that allows investors to invest directly into renewable asset base. • Juhl Renewable Assets Preferred Stock • Long term commitment to owning and operating cash flowing assets. Juhl Engineering – Power Engineers Collaborative • Important capability to properly manage asset ownership • Brings immediate credibility to institutional partners with other asset classes – biomass, natural gas co-generation, etc.
  • 12. Juhl Renewable Assets Preferred Stock Juhl Renewable Assets Inc. (“JRAI”) Preferred Stock Allowing Interested Individuals Ownership in Renewable Energy Assets • Since 2011 • 9% Dividend for Nine Consecutive Quarters • Funded 3 Wind Farms, Several Others Under Consideration • Democratizing the Renewable Energy & Utility Infrastructure Asset Class • Positioning for Growth Through Acquisition
  • 13. Significant Acquisition Opportunities Existing Wind Farm Landscape Over 500 small wind farms under 50 Megawatts exist in U.S. • Sellers include GE, Alliant, Duke, Edison Mission, Exelon Owners are motivated to sell • Production tax credits for renewable energy (PTCs) are expiring • Assets are fully depreciated (5-year depreciation ) • Equipment warranties are expiring • Comprise a small portion of their current business • Located in remote locations with high operating costs Juhl is Well-Positioned to Take Advantage of Acquiring These Properties at a Significant Discount
  • 14. Economics of Acquiring Pre-Owned Wind Farms Financing Pre-Owned, Small Utility-Scale Wind Farms Through Juhl Renewable Asset Preferred Equity Purchase Price of $6,500,000 % of Project Financing $ of Project Financing Perpetual Preferred at 9% Dividend 100% $ 6,500,000 Total: $ 6,500,000 Financial Performance $ Cash Inflow/Outflow Annual Revenue (at 50 mega watts) $ 6,500,000 Dividend Payment $ 585,000 Operating Expenses $ 3,400,000 Annual Cash Flow to Juhl: $ 2,515,000
  • 15. Economics of Financing New Wind Farms 20 MW Project Cost of $34,000,000 % of Project Financing $ of Project Financing Bank Debt at 6% 45% $ 15,300,000 Tax Equity Investor 35% $ 11,900,000 Perpetual Preferred at 9% 20% $ 6,800,000 Total: $34,000,000 Financial Performance $ Cash Inflow/Outflow Annual Revenue (at 6 mega watts) $ 4,400,000 Bank Debt Principal and Interest Payment $ 1,600,000 Dividend Payment $ 612,000 Operating Expenses $ 850,000 Annual Project Cash Flow : $ 1,338,000
  • 17. Completed Projects Project Name County/Location MW Completed Woodstock Hills Pipestone, MN 10.20 1999 DanMar I Pipestone, MN 17.10 2004 DanMar II Pipestone, MN 8.25 2004 Bingham Lake Cottonwood, MN 15.00 2005 Eastridge Murray, MN 10.00 2005 Brewster Brewster, MN 5.70 2004 GM Farms Dodge Center, MN 30.00 2004 MinWind I & II Hills, MN 15.30 2005 Grant County Hoffman, MN 20.00 2010 Adams Wind Meeker County, MN 20.00 2011 Valley View Chandler, MN 10.00 2011 Danielson Wind Meeker County, MN 20.00 2011 GL Wind Winona County, MN 5.00 2011 Crofton Bluffs Crofton, NE 42 2012 Honda Facility Russell’s Point, OH 3.40 2013 8 < 2MW projects Minnesota 8.45 2000-2012 TOTAL 240
  • 18. Macro Trends Continue to Support Growth • State RPS requirements remain unfulfilled, opportunity for Juhl Wind portfolio • Federal Government support through tax policy • Push for new nuclear will lead to continued balance with wind and solar growth • Wind is becoming more and more cost competitive • Utility scale battery storage is advancing rapidly Wind provided 35 percent of all new U.S. electricity generation capacity, 2007-10 ■ Coal ■ Wind ■ Petroleum ■ Other Renewables ■ Nuclear ■ Other ■ Natural Gas
  • 19. Wind Power – Why it Makes Sense $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 Natural Gas Peak Wind Power Clean Coal Nuclear On-site Fuel Cells Solar Community wind power offers one of the lowest installation and operating cost profiles relative to competing renewable energy sources Installed Cost per MW for Electricity ProductionInstalled Cost per MW for Electricity Production ($ in millions) $6.0 $10.0 $8.0 $3.0 $5.0 $4.0 $5.0 $2.5 $1.5 $1.8 $0.8 $2.3
  • 20. Renewable Energy Incentives • U.S. Stimulus Bill – Over $150 billion committed to wind power development • 30% Renewable Energy Tax Credits – available through 2015 for big wind that started construction by the end of 2013, and through 2016 for small scale renewables – Over $11.0 billion awarded to developers of renewable energy projects – Possibility of federal Extender Bill legislation in 2014 for PTC/ITC. • Accelerated depreciation – 5-year depreciation for tax purposes on wind equipment
  • 21. Legislation for Renewables Still Growing 25% by 2025 25% by 2025 15% by 2020 15% by 2015 20% by 2025 15% by 2025 10% by 2015 20% by 2020 5,880 MW by 2015 18% by 2021 15% by 2021 105 MW 25% by 2025 NH: 24.8% by 2025 VT: 20% by 2017 MA: 22.1% by 2020 RI: 16% by 2020 CT: 27% by 2020 NJ: 20.38% by 2021 DE: 25% by 2026 MD: 20% by 2022 12.5% by 2021 25% by 2025 29% by 2015 10% by 2017 30% by 2020 40% by 2030 Percentage of Energy from Renewable Sources Percentage of Energy from Renewable Sources 32 States + The District of Columbia 10% by 2015 10% by 2015 10% by 2015 40%+ 25% to 39% 20% to 24% 15% to 20% 4% to 14% No state RPS 12.5% by 2024 Data from DSIRE 2013
  • 22. State Wind Generation & Capacity 2012 AWEA May 2013 Market Report Top 5 States, by Total Wind Capacity Top 5 States, by New Wind Capacity in 2012 Top 5 States, by Wind % of State Generation Texas: 12,214 MW Texas: 1,826 MW Iowa: 24.5% California: 5,544 MW California: 1,656 MW South Dakota: 23.9% Iowa: 5,133 MW Kansas: 1,441 MW North Dakota: 14.9% Illinois: 3,568 MW Oklahoma: 1,127 MW Minnesota: 14.3% Oregon: 3,153 MW Illinois: 823 MW Kansas: 11.4%
  • 23. Annual Wind Power Capacity Installed 1999-2012
  • 24. Recent Juhl Energy Highlights • Selected as development partner for upstate NY's Black Oak Wind Project - proposed 15-30 MW facility expected to be online 2014. • Announced launch of Juhl Renewable Energy Systems, Inc. – smaller wind and solar systems for farming operations, small and medium-sized businesses, municipalities, public facilities, residential application. • Acquisition of Power Engineers Collaborative, LLC - adding $5.0+ million in annual revenue • Joint venture with 8030 Companies with focus on acquiring existing wind farms throughout the U.S. and Canada • Completed two-turbine $9.0 million on-site wind project for Honda Transmission Mfg. of America, currently generating electricity for Honda’s transmission plant in Russell’s Point, Ohio. • Formed Juhl Tower Services, Inc. to perform implementation and maintenance activities on cellular communication towers - expected to add $10.0M+ in annual revenue • Acquired PV Power, a leading on-line distributor of solar power systems and solar components to industry professionals, contractors and consumers across the country.
  • 25. 2014 Expectations & Milestones  Moving into a larger market of smaller projects with on-site, municipal and wind/solar hybrid  Preferred Renewable Asset Equity Vehicle  We will be actively looking for project and company acquisitions including: - existing wind farms to build our residual, repeatable annual revenue streams - other operation and maintenance providers - consulting organizations - Expect to complete a $5 million acquisition  Creating joint ventures with other industry partners on specific projects  Continue building Juhl Energy Services and expand into other regions with Juhl Tower Services, Inc.  Establish our development presence outside Midwest to capture higher rates  Reported over $15.0 Million in 2013 Revenue
  • 26. Financial Results - Years Ended 2011-13 Year End 2013 Year End 2012 Year End 2011 REVENUE Wind farm development $ -0- $ 601,558 $ 8,288,191 *Renewable Energy Development 3,855,229 Engineering Consulting -0- 3,338,837 -0- *Renewable Power Plant Ownership 2,913,348 Management and maintenance -0- 1,070,584 1,076,798 *Energy & Telecommunication Services 8,772,509 Small scale solar and wind -0- 101,337 364,816 *Eliminations (439,805) Electrical power sales -0- 3,018,433 605,804 Construction contract revenue -0- -0- 5,242,048 Total revenue 15,101,281 8,130,749 15,577,657 EXPENSES Operating expenses 5,642,032 4,654,022 4,672,447 Net Income (Loss)/Per Share (3,046,347)/(0.17) (2,945,721) /(0.16) 3,042,005/0.12 Weighted Ave. shares out.-diluted 23,513,996 22,474,217 21,658,433 ASSETS Cash and unrestricted S/T investments $ 1,280.681 2,351,989 6,198,344 Wind Farm assets 23,831,680 24,820,575 25,330,022 Total assets 32,287,718 32,947,118 43,371,401 LIABILITIES Current liabilities 6,061,740 4,046,174 14,190,774 L/T liabilities 19,044,382 19,746,570 20,249,978 * The Company now groups its operations into three business segments. For further information and definitions, refer to the complete SEC financial filings at www.juhlenergy.com and www.sec.gov
  • 27. Unique Amongst Green Public Companies Unique Financial Strength for a Green Growth Company • Balance sheet strength from the outset • Double-digit growth plan • Proven and experienced management team • Streamlined operations • The only credible INDEPENDENT, PUBLIC wind power development company headquartered in the U.S. Originator and Leader of Community Wind Power • Unique ownership sharing formula with farmers and local communities • A large and open sector in the broader wind energy arena • Provides an ongoing competitive advantage in the space • The leading specialist in small wind farms for over 25 years
  • 28. What This Means For Juhl Investors • Juhl may be the only publicly-traded proven, independent developer, owner and service provider of wind power in the U.S. • Juhl has demonstrated it is well on its way to creating a diversified, yet focused energy services and wind power company. • Juhl’s focus is on recurring, repeatable and strong base of annual revenue contracts - Juhl Renewable Assets - wind farms and other forms of renewable energy ownership and operations, a true independent power producer - Juhl Energy Services - operations and service - Power Engineers Collaborative, LLC – engineering expertise - Juhl Tower Services, Inc. – cell tower maintenance - PV Power - distributive solar market • Juhl’s development will always be a strong cash generator • Juhl provides significant growth potential to investors while providing downside protection through maintenance of solid balance sheet and industry experience
  • 29. Juhl Energy Offices & Contact Info Corporate Headquarters Main Office in Chicago and PEC Juhl Energy, Inc. 600 W. Jackson Blvd 1502 17th St. SE Suite 600 Pipestone, MN 56164 Chicago, Il 60661 Tel: (877) 584-5946 Tel: (312) 466-1540 www.juhlwind.com www.pecllc.com Minneapolis Financial Milwaukee Engineering Office Headquarters Power Engineers Collaborative Juhl Energy, Inc. 150 Sunny Slope Road 470 W 78th St. Suite 250 Brookfield, WI 53005 Minneapolis, MN 55317 www.pecllc.com Juhl Energy Services Investor Relations 996 190th Avenue Jody Janson Woodstock, MN 56186 Tel: (888) 438-JUHL (888-438-5845) Tel: (507) 777-4343 Email: info@juhlwind.com