MyEco Group Ltd · ASX:MCO
MyEco — SECOS Group — Shareholder Meeting (November 2019)
12 slides from MyEco's shareholder meeting presentation, Nov 22, 2019
Slide 1: Annual General Meeting Presentation
Changing Plastic to Create a Better World Annual General Meeting Presentation 22nd November 2019 (ASX: SES)
Slide 2: FY 19 Highlights
FY 19 Highlights Financials o Underlying revenue increases: FY19 of $19.6m vs FY18 of $16.7m Revenue +17% Contribution o Increase in contribution margins: Q1 FY18/19 vs Q1 19/20 Margin +30% o Major reduction in debt: FY 19 of $1.4m Vs FY 18 of $6.2m Debt -77% Commercial o Development of 2 new biopol
Slide 3: SECOS Group: Company Financials
SECOS Group: Company Financials Operating Cash Outflow Debt Reduction 2,500 7,000 180 160 6,000 2,000 140 5,000 $'000 120 1,500 $'000 4,000 100 3,000 80 1,000 60 2,000 40 1,000 500 20 0 0 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 - Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Company Debt
Slide 4: Geographic Spread, Customers & Assets
Geographic Spread, Customers & Assets Sales in $ and time Revenue • Increasing geographic diversity of revenue stream generated via direct & indirect sales resources promoting the SECOS Group Customers • Customers ~140 Assets • Staff ~140 • Three manufacturing operations; 2 in Malaysia, 1 in China •
Slide 5: New Bag/Film Compostable markets evolving
New Bag/Film Compostable markets evolving Blown Lines Cast Lines: wider Generally films & greater narrower films & running speeds vs used for blown lines bags/pouches. => scale. o SECOS formulation competence enables adjustment/development of formulations as new film applications opportunities emerg
Slide 6: Product Development Pipeline
Product Development Pipeline • Development of new biopolymer resin formulations (e.g. Home Compostable food and non-food; Higher Mechanical Strength No. of formulations) Resin formulations/ Applications • Development of new film Contribution applications/bags/pouches to utilize cast & Margin blown f
Slide 7: Biopolymer resin & Film Industry - Value Creation
Biopolymer resin & Film Industry - Value Creation Precursors of Convert biopolymer Convert biopolymer Retail sales of bags, biopolymer resins precursors to resin resin to film & bags Satchels, film etc SECOS has R & D expertise, film assets & sales capability which makes it active in three of the va
Slide 8: Changing Regulatory Environment – is now global
Changing Regulatory Environment – is now global Indian Government moving to ban single use plastics has driven demand in compostable resin & bags. 25 Indian states have partial or full ban on single use plastics. Some states have mandated compostable/biodegradable bags as an option. Australia –
Slide 9: Difficulties recycling plastic
Difficulties recycling plastic o Film producers can incorporate recycle-PE in production of new plastic products. However recycle of the final plastic product is limited for reasons such as : Soft plastic recycle streams of consistent quality are hard to obtain => leads to variability in mechanica
Slide 10: Outlook
Outlook Identified areas to expand capacity to capture growth opportunities Identified future resin grade and film opportunities for new application development Expecting increased sales & margins from new grades & film applications Increasing council tender business predicted via FOGO initi
Slide 11: Board & Executive
Board & Executive • Joined SECOS in Oct. 2018; brings 15 years • Joined Board in September 2016 polymer experience, and significant turnaround • Former Audit and Consulting Partner with Ernst and experience. Young • Previously CEO of Australian of Hoechst SA & • Former Lead Industry and Consulting P
Slide 12: Disclaimer
DISCLAIMER Forward-looking statements disclaimer This presentation contains “forward-looking statements.” Such forward-looking statements may include, without limitation: (i) estimates of future earnings; (ii) estimates of future production and sales; (iii) estimates of future cash costs; (iv) estim