White Energy Company Limited · ASX:WEC
White Energy — FY2009 Earnings Presentation
24 slides from White Energy's earnings presentation, Sep 30, 2009
Slide 1: White Energy Company FY2009 Results Presentation
White Energy Company FY2009 Results Presentation September 2009 White Energy Company 1
Slide 2: Contents
CONTENTS A Year of Investment The White Energy Story Financial Summary The Next 12 Months White Energy Company 2
Slide 3: White Energy: A Year of Investment
WHITE ENERGY A Year of Investment White Energy (WEC) is a cleaner coal technology business listed on the Australian Stock Exchange (ASX) with significant global growth opportunities White Energy (WEC) is exclusive worldwide licensee of a technology which upgrades high moisture low value sub-bitumino
Slide 4: White Energy Is Operating on a Global Stage
WHITE ENERGY IS OPERATING ON A GLOBAL STAGE A Year of Investment WEC has created a global platform for growth through its international joint ventures and relationship with strategic partners Where WEC does business Who WEC does business with KEYDESTINATIONS KEY DESINATIONS White Energy Business Pla
Slide 5: FY2009 Company Evolution
FY2009 COMPANY EVOLUTION A Year of Investment FY2009 has seen WEC build a strong platform for growth in the key areas of operations, training, strategic relationships and capital to fuel growth Australia 90,000 TPA Cessnock plant utilised for training and coal test / analysis Indonesia The operating
Slide 6: PT Kaltim Supacoal
PT KALTIM SUPACOAL A Year of Investment KSC – our 51% joint venture with Bayan Resources is now in operational mode Success to Date White Energy Company • KSC staffed with experienced operating personal 51% 49% • WEC has seconded some staff to KSC for commercial and operational expertise • Bayan to
Slide 7: Delivery of First Major Commercial Operation
DELIVERY OF FIRST MAJOR COMMERCIAL OPERATION A Year of Investment The construction of our first commercial plant at Tabang presented several logistic and environmental issues due to the remoteness of location. KSC has successfully dealt with these challenges in delivering the first plant Indonesia i
Slide 8: Construction of Tabang
CONSTRUCTION OF TABANG A Year of Investment WEC’s ‘hands-on’ involvement in KSC has provided us with key learnings that will benefit us for future growth 1. 2. 3. 4. 5. Break Ground & Erect Steel Frame Install Briquetter Mechanical & Commission the Establish Camp & Drying Column Electrical Installat
Slide 9: Commissioning of KSC's Tabang Plant
COMMISSIONING OF KSC’S TABANG PLANT A Year of Investment The Tabang plant is in the final stages of commissioning, and is scheduled to commence commercial production in the December quarter Commissioning Process • Trained WEC personnel have been on site for the commissioning process - testing and ev
Slide 10: Delivery of Cessnock Plant
DELIVERY OF CESSNOCK PLANT A Year of Investment By commissioning and delivering the Cessnock plant, WEC has established a facility whereby it can test the responsiveness of different coal samples to the BCB Process and create a ‘centre of excellence’ for training purposes Coal Sample Testing & Centr
Slide 11: WEC Assets
WEC ASSETS A Year of Investment To ensure that WEC capitalises on the macro opportunity in the energy sector, over the past 12 months we have continued to invest in the assets necessary to evolve into a genuine operating business Proprietary Control & Operating Software Robust Plant Plant Operating
Slide 12: Growing Our Core Capabilities
GROWING OUR CORE CAPABILITIES A Year of Investment Specifically, strategic investment over the last 12 months has enabled us to grow our core capabilities, and position the company for operational success We have invested in developing …and now have the skill sets required to fuel growth critical sk
Slide 13: Contents
CONTENTS A Year of Investment The White Energy Story Financial Summary The Next 12 Months White Energy Company 13
Slide 14: A Technology Enabled Resource Company
A TECHNOLOGY ENABLED RESOURCE COMPANY The White Energy Story WEC holds the worldwide rights to commercialise the patented BCB technology that is used in the mechanical binderless coal briquetting process BCB Technology Process White Energy Value Proposition White Energy Patented Binderless Coal Briq
Slide 15: WEC Upgraded Coal vs Other Coal Types
WEC UPGRADED COAL vs OTHER COAL TYPES The White Energy Story WEC’s upgraded coal compares favourably with low rank feedstock and higher priced bituminous coals – creating both an environmental and economic incentive for consumers Key metrics of coal performance WEC Coal Performance Boiler Efficiency
Slide 16: Price Arbitrage Opportunity
PRICE ARBITRAGE OPPORTUNITY The White Energy Story The historical and current spreads between the cost of feedstock coal and bituminous coals are significant, enabling WEC to generate strong returns Value Arbitrage per tonne of upgraded WEC Coal - Plant Costs - Indonesian Illustrative Indonesian Ill
Slide 17: The Industry 'Sweet-Spot'
THE INDUSTRY ‘SWEET-SPOT’ The White Energy Story WEC is well positioned to leverage macro trends in the energy sector and take coal into the next decade as a cleaner, more efficient fuel Trends in Energy Sector White Energy Solution Rise in energy Leverage under-utilised consumption resource Fluctua
Slide 18: Contents
CONTENTS A Year of Investment The White Energy Story Financial Summary The Next 12 Months White Energy Company 18
Slide 19: FY2009 Results Overview
FY2009 RESULTS OVERVIEW Financial Summary Consolidated entity’s total revenue for the year ended 30 June 2009 was A$2.9M, which includes A$0.7M interest income earned on cash deposits, unrealised foreign exchange gains of A$1.6M and coal sampling income of A$0.2M. Consolidated entity’s net loss from
Slide 20: FY2009 Results Overview: Balance Sheet and Cash Flows
FY2009 RESULTS OVERVIEW Financial Summary Consolidated Balance Sheet (A$000’s) 30 Jun 2009 30 Jun 2008 Cash on hand at 30 June 2009 $26.3M, Current Assets 39,440 40,056 excluding A$26M of capital raising proceeds Non Current Assets 182,128 108,113 received during July 2009 Total Assets 221,568 148,1
Slide 21: Contents
CONTENTS The White Energy Story A Year of Investment Financial Summary The Next 12 Months White Energy Company 21
Slide 22: Planned Milestones for 2010
PLANNED MILESTONES FOR 2010 The Next 12 Months Over the course of 2010, WEC plans to commence construction of four more coal upgrading plants in Indonesia, progress permitting and construction activities in the USA, and continue to identify new opportunities in other markets Operate the Tabang mine
Slide 23: Investment Opportunity
INVESTMENT OPPORTUNITY The Next 12 Months WEC is an attractive opportunity – providing investors with exposure to a growing market via a proven international company Investors are looking for… Supporting WEC Metrics Increasing global demand for economical, high energy value coal Huge, need driven ma
Slide 24: Forward Looking Statements
FORWARD LOOKING STATEMENTS 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”, and similar words.