White Energy Company Limited · ASX:WEC
White Energy — Shareholder Meeting (November 2007)
17 slides from White Energy's shareholder meeting presentation, Nov 30, 2007
Slide 1: Managing Director's Presentation, Annual General Meeting
For personal use only White Energy Company Limited (ASX : WEC) Managing Director’s Presentation Annual General Meeting 30 November 2007
Slide 2: Coal is here to stay; balancing energy and environment
For personal use only Whatever your views on coal, it’s clearly here to stay but we need to find a balance between our energy ambitions and environmental concerns. White Energy’s coal upgrading technology helps address this important global issue. Page 2
Slide 3: 2007 Highlights
2007 Highlights For personal use only • BHP Billiton appointed as global marketing agent in exchange for US$35M funding package. All relevant documentation in relation to this transaction has now been finalised. • Joint venture with Bayan Resources finalised and construction of first Indonesian plan
Slide 4: Financial Commentary
Financial Commentary For personal use only • Net loss for year ended 30 June 2007 was $10.6M, which includes: – Depreciation / amortisation charges $3.3M (mainly amortisation licence fee $3.1M). – Unrealised foreign exchange losses $0.6M. – Employee share based payment expense $2.1M. • Increase in n
Slide 5: Financial Snapshot (30 June 2007)
Financial Snapshot (30 June 2007) For personal use only Consolidated Balance Sheet (A$000’s) FY2007 FY2006 Current Assets 18,411 6,700 Non Current Assets 67,482 59,126 Total Assets 85,892 65,826 Total Liabilities 8,423 4,411 Net Assets 77,469 61,415 Total Equity 77,469 61,415 Consolidated Statement
Slide 6: Dwindling oil and gas reserves; coal to meet new demand
For personal use only Dwindling reserves of oil and natural gas suggest that their contribution to world energy use will show modest growth at best. New demand will be met partly by carbon-free energy sources, but mostly by coal.
Slide 7: Bayan Resources Joint Venture Progress
Bayan Resources Joint Venture Progress For personal use only • Substantial effort has been devoted to delivering the Bayan Project. • The Bayan Project is a JV owned 51% by WEC and 49% by Bayan. • The JV is building its first 1MTPA plant with production capacity growing to 5MTPA. • Bayan has agreed
Slide 8: Bayan JV: Tabang Project Site Kalimantan
Bayan Resources Joint Venture Progress For personal use only Bayan JV : Tabang Project Site Kalimantan (October 2007) Page 8
Slide 9: Bayan Resources Joint Venture Progress
Bayan Resources Joint Venture Progress For personal use only – Detailed engineering and design of the production plant has been completed and documents issued for construction. This has included enhancements to the existing plant design which improve efficiency, scalability and economies but have re
Slide 10: Coal needs to be clean to be viable
For personal use only “Coal needs to be clean to be viable. Technologies already exist, the issue is their application.” Source: World Energy Council, 2007
Slide 11: Research and Technology Enhancements
Research and Technology Enhancements For personal use only White Energy’s strategy is to: Act as an enabling technology partner today: • Coal upgraded by White Coal Technology can be used to supply each of the stages of the coal technology lifecycle offering significant environmental benefits. • WEC
Slide 12: WEC - A Facilitator to Zero Emissions
WEC - A Facilitator to Zero Emissions For personal use only Efficiency Improvements Advanced Technologies White Coal + + + Zero Emissions Existing Power Plants New Power Plants Coal upgraded by the White Conventional sub-critical plants can Integrated gasification Carbon capture and storage can redu
Slide 13: Strategy for the Year Ahead - Asia
Strategy for the Year Ahead - Asia For personal use only Operations (build earnings and cash flow): Asian Coal Outlook • Global thermal coal import demand (seaborne plus – Bayan Resources (Indonesia): commission land-borne) is forecast to grow by 116Mt by 2015. the 1MTPA plant at the Tabang coal min
Slide 14: Strategy for the Year Ahead - USA
Strategy for the Year Ahead - USA For personal use only Execute on US market entry strategy: North American Coal Outlook – WEC is in the process of establishing • Use of sub-bituminous coal has grown rapidly as US power utilities switch from local bituminous coals in part to avoid operations in the
Slide 15: Strategy for the Year Ahead Cont...
Strategy for the Year Ahead Cont… For personal use only Geographic expansion and additional value capture: • Continue to review synergistic acquisition targets with a view to adding strategic assets to the Company’s clean energy portfolio. • Continue to develop core technology and develop markets gl
Slide 16: White Energy has a technology that represents a first step
For personal use only White Energy has a technology that represents a first step in building a solution. It is an important step but not the panacea. White Energy will continue to work to make even greater inroads into coal upgrading to produce a cleaner and more efficient fuel. For more information
Slide 17: Forward Looking Statements
Forward Looking Statements For personal use only Except for the historical information contained herein, the matters discussed in this presentation contain forward-looking statements, including statements, containing the words “planned”, “expects”, “believes”, “strategy”, “opportunity”, “anticipates
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