16 slides from Phoslock Environmental Technologies's earnings presentation, Mar 24, 2022
Slide 1: Full Year 2021 Results & Outlook
24 MARCH 2022 Full Year 2021 Results & Outlook World leaders in water remediation
Slide 2: Disclaimer
Disclaimer 2021 FULL YEAR RESULTS Statements contained in this presentation, particularly those regarding possible or assumed future performance, estimated company earnings, potential growth of the company, industry growth or other trend projections are or may be forward looking statements. Such sta
Slide 3: Today's topics
Today’s topics 2021 FULL YEAR RESULTS Welcome and Introduction Financials and Key Impacts 2021 in Review • China • Research and • COVID Impacts Development • Projects Update • People, Performance • Commercial Platforms and Culture • Manufacturing / • ASX relisting Supply Chain Outlook • Business out
Slide 4: 2021 Full Year Results
2021 Full Year Results 2021 FULL YEAR RESULTS - Audited Key impacts on Full Year financials 12 months to 12 months to Revenues continue to Continued elevated Key financial results be impacted by expenditure on interim 31 December 2021 31 December 2020 COVID-related issues management; Revenues $6.3 m
Slide 5: Key issues impacting business in FY21
Key issues impacting business in FY21 2021 FULL YEAR RESULTS COVID-19 pandemic • Travel restrictions, lockdowns, project funding restrictions, increased freight costs China reset and improved systems and governance • Significant management resources allocated to addressing legacy issues • Restructur
Slide 6: Update on legacy issues
Update on legacy issues 2021 FULL YEAR RESULTS Thorough and Significant resources independent deployed with senior investigation of all management changes matters Focus on China debt Independent market collection and contract review undertaken in management China – appropriate changes to sales struc
Slide 7: Regional update: Europe, Canada, USA, China
Europe Canada Excellent progress in European market development 2021 FULL YEAR RESULTS Significant interest in Phoslock Kralinglse Plas (Rotterdam) treatments pending resolution completed late November of regulatory issues – will take Application at Lyngsø Lake in time to resolve Silkeborg, Denmark
Slide 8: Kralingse Plas The Netherlands
Kralingse Plas is an important recreational Kralingse Plas lake in the city of Rotterdam and represents 2021 FULL YEAR RESULTS The Netherlands the largest remediation project undertaken by PET in Europe • Applied 1,000 tonnes of Phoslock® to the 100 ha lake in less than four weeks • Approximate cont
Slide 9: Growth Strategy Key Drivers
Growth Strategy 2021 FULL YEAR RESULTS Key Drivers PET is building a platform of sustainable and profitable growth by expanding market access across multiple geographies and products. In support of that strategy, the company has undertaken reviews across key areas of the business. Customer & Manufac
Slide 10: Strengthen commercial platform
Strengthen commercial platform 2021 FULL YEAR RESULTS Building the sales teams in Europe and USA Travel restrictions easing - important for in-market access for sales and management teams China sales model reviewed and restructured Pipeline of new product and service offerings, with a strong commerc
Slide 11: Manufacturing & Supply
Manufacturing & Supply 2021 FULL YEAR RESULTS Casper in Wyoming, USA is the preferred location for a second manufacturing plant • A site has been identified – Adjacent to Bentonite supplies – Low cost of production and supply – Supportive business environment – Close to key freight hubs • Detailed d
Slide 12: Focused R&D program
Highlights Focused R&D program 4 Priority projects progressed 2021 FULL YEAR RESULTS New US collaboration for products for flowing water New Group Executive Product Solutions appointed New research collaboration has commenced. PhD project to start mid-year Core Transformative Adjacent 2 proj
Slide 13: People, Performance & Culture
People, Performance Clear aspiration + Unlocked Diverse capability + = & Culture 2021 FULL YEAR RESULTS potential Networked culture Then Now Re-envisaged contribution to the growing Largely one off environmental problem of water Aspiration remediation projects for Phoslock product eutrophication. Cl
Slide 14: ASX relisting
2021 FULL YEAR RESULTS Timing impacted by 2020 and 2021 audit and other matters Corporate governance requirements Board make-up and renewal Comprehensive independent investigations Financial outlook Operational improvements and strategic initiatives Very high priority for PET Board and Management AS
Slide 15: Outlook
Outlook 2021 FULL YEAR RESULTS FY22 expectations Key areas of focus Confidence basis Another challenging year as ASX relisting Clear competitive advantage we rebuild sales pipeline and Commercial enhancement Large and growing market continue execution of growth opportunity and diversification strate
Slide 16: ASX Code: PET contact details
ASX Code: PET Unit D, Level 2, 650 Chapel Street T +61 3 91100002 South Yarra VIC 3141 W www.phoslock.com.au AUSTRALIA Lachlan McKinnon – CEO E lmckinnon@phoslock.com.au Greg Slade - Investor Relations E ir@phoslock.com.au