Slide 1: Jatoil - An Energy Company Growing Crude Oil
For personal use only JATOIL - AN ENERGY COMPANY GROWING “CRUDE OIL”
Slide 2: Disclaimer
DISCLAIMER For personal use only This document has been prepared by Jatoil Limited to provide existing and prospective shareholders in Jatoil Limited with an update. Anyy statements,, opinions, p , or other material contained in this document do not constitute any commitments, representations or war
Slide 3: Executive Summary
EXECUTIVE SUMMARY For personal use only • Jatoil Limited ((“JAT”) JAT ) is listed on the ASX as an Energy company (listed January 2008). • The Company is initially focused on developing biofuel businesses in Asia by cultivating jatropha curcas (“Jatropha”) to produce crude Jatropha oil, a renewable
Slide 4: Financial Snapshot
FINANCIAL SNAPSHOT For personal use only Current Share Price (AUSD) 0.03 12 month range - Low 0.02 - High 0.04 Market Cap (AUSD m) 3.6 Securities on Issue 114,299,250 Options 9,000,000 C h as att JJune 30 (AUSD m)) Cash 42 4.2 Debt as at June 30 (AUSD m) 0.3
Slide 5: Shareholders
SHAREHOLDERS For personal use only Shares Percentage Top 20% by number: Shareholdings 91,317,356 80% Top 20 Shareholders 1. Mueller Stephen Brian 4,725,000 4.1% 2 2. Suburban Holdings Pty Ltd 4 625 000 4,625,000 4 0% 4.0% 3. Bond Street Custs Ltd 4,000,000 3.5% 4. Crimmins Anthony Stephen 3,468,000
Slide 6: Jatoil Board
JATOIL BOARD For personal use only Ross Kestel BBus ACA FCPA AICD NON-EXECUTIVE CHAIRMAN Ross Kestel is a Chartered Accountant and Certified Practicing Accountant and has been a director of the accounting practice, Nissen Kestel Harford (NKH), since July 1980. He has acted as a director and company
Slide 7: Jatoil Management
JATOIL MANAGEMENT For personal use only Tony Crimmins BE ME MBA GradDip (Marketing) BUSINESS DEVELOPMENT MANAGER Tony Crimmins has been actively involved in the business development of numerous start-up companies that have been funded and listed on the Australian Securities Exchange. He was fundamen
Slide 8: Jatoil Management
JATOIL MANAGEMENT For personal use only David Granger FIELD OPERATIONS MANAGER - VIETNAM David Granger’s involvement in refining biofuels in Australia seeded his interest in developing biofuel projects in Asia. David founded his own company, Biodiesel Cambodia, a pioneer in the industry that was ins
Slide 9: Biofuels Overview
BIOFUELS OVERVIEW For personal use only • Biofuels are environmentally safe and cost cost-effective effective alternative fuels for heating, power generation, petrol, diesel and jet engines made from renewable organic raw materials, as opposed to fossil hydrocarbons. • Biofuels processed into diesel
Slide 10: Biofuel Industry
BIOFUEL INDUSTRY For personal use only The Biofuel industry y is expected p to q quadruple p over the next decade to 2.4 mboe/day* Key drivers for industry: • Price & Availability ˗ Peak Oil? ˗ Increasing global energy demand • Greenhouse Gas Emissions ˗ Government mandates ˗ Increasing Cost of Carb
Slide 11: In Australia, Perception of the Biofuel Industry Is Poor
IN AUSTRALIA, PERCEPTION OF THE BIOFUEL For personal use only INDUSTRY IS POOR • Clearing of forests to produce palm oil in South-East Asia. • Use edible feedstocks hence putting pressure on food prices, food security issue (first generation biofuels). • Escalating feedstock prices and shortage of s
Slide 12: Biofuel Still Has Enormous Potential - Biojet Gaining Momentum
BIOFUEL STILL HAS ENORMOUS POTENTIAL - For personal use only BIOJET IS RAPIDLY GAINING MOMENTUM • 30 December 2008: World’s first biojet test flight by “Five airlines have successfully tested biofuels and we Air New Zealand on 50% Jatropha biojet/50% expect certification within 2011 at the latest. A
Slide 13: Jatropha Curcas Is a High Potential Biofuel Suited to Biojet
JATROPHA CURCAS IS A HIGH POTENTIAL BIOFUEL For personal use only PARTICULALRLY SUITED TO MAKING BIOJET • Jatropha is a hardy bush (originally from South America), able to grow in marginal and critical land areas with periods of low rainfall - do not displace food crops and does not require clearing
Slide 14: Jatoil's Core Business Is Upstream Crude Oil Production from Jatropha
JATOIL’S CORE BUSINESS IS “UPSTREAM” CRUDE OIL For personal use only PRODUCTION FROM JATROPHA Jatoil “upstream” operations j t jatropha h fruit collection extraction hydro treating or fruit shell & seedcake crude hydro treating untreated transesterificatio jatropha oil n biojet biodiesel generator b
Slide 15: What Does Jatoil Do?
WHAT DOES JATOIL DO? For personal use only Mission • Jatoil’s vision is to be a major player in the production of socially, environmentally, and economically sustainable energy. Vision • Our core business is growing “crude oil” ˗ Jatoil is focussed initially on developing biofuel feed stock business
Slide 16: Jatoil Work to Date
JATOIL WORK TO DATE For personal use only • Incorporated as “Jatoil Jatoil Limited” January 2006 JATOIL LIMITED • Raised capital in November 2007 Jatenergy Holdings Pte Ltd Intercropping • Listed on ASX January 2008 Singapore (100%) Project • Green Energy JSC established JJuly l 2008 Jatenergy Indon
Slide 17: Jatoil Differentiation
JATOIL DIFFERENTIATION? For personal use only • Like Mission NewEnergy (ASX-listed MBF), Jatoil focusing on a feedstock that is not an agricultural food or a food commodity and is the number one bio-feed stock choice for the aviation industry. • Jatoil is involved in the upstream biofuel feed stock
Slide 18: PT Jatoil Waterland: Central Java Project
PT JATOIL WATERLAND: CENTRAL JAVA PROJECT For personal use only • 1,000 1 000 ha of 2 to 3 - year old jatropha = phase 1 (proof of concept and trial). • First production and revenues with off-take from Waterland who have on-sold to refiners with product bound for airline industry. • Agreements in pl
Slide 19: PT Jatoil Waterland: Model
PT JATOIL WATERLAND: MODEL For personal use only 49% profits 21% profits + management fees + management fees Waterland (Established local Jatoil PT Jatoil contacts, existing ( (Capital, p , Plant plantations and p Breeding, Project Waterland t l d land access 1 m Ha Management) (Land Access + oil pr
Slide 20: PT Jatoil Waterland: From Earth to Air
PT JATOIL WATERLAND: FROM EARTH TO AIR For personal use only Nursery y Plantation Jatropha p Fruit Jatropha p Seeds Processing Seeds Filtered Crude Shipment to After hydro treating to Jatropha Oil International Buyers airline industry
Slide 21: PT Jatoil Waterland: Revenue Model
PT JATOIL WATERLAND: REVENUE MODEL For personal use only • Data from 11,000 hectare development. • Current plantings of 1,000 hectares. • Projections over 10 years. • 5 years to fully mature yield of 1.9 tons oil per hectare. Key assumptions Base Low High Low- IRR High - IRR Land area hectares 11000
Slide 22: PT Jatoil Waterland: Milestones to Date, Targets and Opportunities
PT JATOIL WATERLAND: MILESTONES TO DATE, For personal use only TARGETS AND OPPORTUNITIES • Currently have 1,000 hectares of mature Jatropha with an initial off-take agreement with Waterland International selling into the aviation industry. Initial shipment sent to Europe June 2010. • 2010: Expanding
Slide 23: Green Energy JSC: Vietnam Project
GREEN ENERGY JSC: VIETNAM PROJECT For personal use only • JV – “Green Green Energy JSC JSC” in Vietnam. Vietnam Jat-venture 2 • Longer to first revenues as 3 yrs to commercial yields Hue, Quang (younger plants - newly established). Tri • At this stage “organic growth” through farmer contract model -
Slide 24: Green Energy JSC: Business Model
GREEN ENERGY JSC: BUSINESS MODEL For personal use only 51% of profits 49% of profits Green Jatoil Energy (Capital, Plant Biology Breeding, Agronomy g, Green ( (Established i local Expertise, Project Energy JSC contacts, existing R&D with MARD on Management) (Farmer contracts Jatropha, local via Farm
Slide 25: Green Energy JSC: Revenue Model
GREEN ENERGY JSC : REVENUE MODEL For personal use only • Data from 10,000 10 000 hectare development. development • Current plantings of 500 hectares. • Projections over 10 years. • 5 years to fully mature yield of 1.4 tons oil per hectare. Key assumptions Base Low High Low- IRR Low High - IRR Land
Slide 26: Jatropha: Value Benchmarking
JATROPHA: VALUE BENCHMARKING For personal use only PYORY VEGETABLE OIL PRODUCERS: PALM OIL • Pyory has undertaken some Jatropha plantation valuations and estimated a • Palm Oil is typically valued between USD range of USD 1,000 to USD 1,600/ha for 10,000 to USD 50,000 per Ha: newly established, esta
Slide 27: Capital Farm-in into Our Projects
CAPITAL FARM-IN INTO OUR PROJECTS: For personal use only Project Pt Jatoil Waterland Green Energy JSC Target Raising (USD) 6m 6m Mechanism Commercial Private Placement - Development Loan/Funds T Target t Asian Ai Capital C it l Markets M k t Pl Placementt - Target T t Asian Ai and d European Funds T
Slide 28: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only • Unique high value story, Unique, story not recognised as being different from biodiesel failures. failures • Undervalued given growth potential associated with connection to aviation off- takers - Industry is on the cusp of strong growth to supply EU avi
Slide 29: Why Coal?
WHY COAL ? For personal use only • Jatoil significant commercial revenues expected in 2 + years. • Cleantech stocks have significantly g y “unhitched” from the ASX 200 and small ords. • While this could result in significant upside for Cleantech i the future, in f Jatoili needs a fast f revenue brid
Slide 30: Blackrock Conventional Coal
BLACKROCK CONVENTIONAL COAL For personal use only • Jatoil t il announced d September S t b 6 that th t it has h signed i d a binding bi di MOU O with ith Blackrock Resources Pty Ltd, an Australian company with coal assets in Indonesian • Blackrock has 2 agreements in place and 3 agreements-in-princ
Slide 31: Blackrock Project Areas
BLACKROCK PROJECT AREAS For personal use only Status Indicative Potential Haulage Estimated Calorific Exploration Time to Value Target Production (kcal/kg) (Mt) (km) Katingan Exploration IUP 5,500-5,800 37.3 50 2-3 years Central Exploration IUP 6 835 6,835 41 4.1 46 < 2 years Kalimantan (1) Central
Slide 32: Blackrock Projects and New Mining Rules
BLACKROCK PROJECTS AND NEW MINING RULES For personal use only IUP - new Mining Business License System Implemented in July 2009: • All KP KP’ss and COW COW’ss need to be transferred to new IUP’s; • The IUP production license allows commercial production p for a minimum of 20 years, with the potentia