Quadrise Plc · LSE:QED
Quadrise — Shareholder Meeting (November 2024)
20 slides from Quadrise's shareholder meeting presentation, Nov 22, 2024
Slide 1: AGM Presentation
AGM Presentation 22 November 2024 1
Slide 2: Disclaimer
Disclaimer This document ("Presentation") has been prepared by Quadrise plc (“Quadrise”, “QED” or the "Company"). Where used in this document, Presentation shall mean and include the slides that follow, any oral presentations of the slides or talks given by the Company's officers in connection with
Slide 3: Welcome & Opening Statement
Welcome & Opening Statement 3
Slide 4: QED Strategy Opportunity
Introduction QED Strategy Opportunity Provides energy transition Creating commercial demand for our Quadrise has established technologies using our emulsion novel technology by working with world- the basis for a large chemistry expertise to supply class partners to stimulate supply of our commercia
Slide 5: Making progress
Making progress MARINE INDUSTRIAL 1 2 3 US LOWER CARBON, LOW SULPHUR FUELS • Terminal secured • Quadrise equipment on site, • Valkor production from first wells commenced ready for client “go” • From non-binding to • Production permitting binding agreements • Letter of Intent from OCP approved by Ut
Slide 6: Our business
Our business Quadrise FUELS & BIOFUELS BLEND-ON-BOARD TECHNOLOGY DOWNSTREAM UPSTREAM OIL OIL UTILITIES & HEAVY INDUSTRY MARITIME TRANSPORT o
Slide 7: Our 'drop-in' decarbonisation solutions for existing infrastructure
Our ‘drop-in’ decarbonisation solutions for existing infrastructure 30% Water 10% Water 10% Water 30% Distillates (incl. < 1% additives) (incl. < 1% additives) (incl. < 1% additives) HEAVY FUEL OIL 40-50% 40-50% 70% Residuals 70% Residuals Residuals Biofuel 90% Biofuel Increasing environmental benef
Slide 8: What drives maritime adoption? New decarbonisation regulations to 2030+
W H AT D R I V E S M A R I T I M E A D O P T I O N ? New decarbonisation regulations to 2030+ FuelEU The shipping industry has a challenge to change from EU ETS1 IMO & MARPOL Maritime2 <1% lower-carbon fuels to >13% within a very short time. 40% of EU Carbon Intensity Indicator 2024 maritime emissio
Slide 9: How our solutions are "Fit for 55"
How our solutions are “Fit for 55” Source: Shipping Watch, 14 Nov 2024 Solutions are needed urgently * includes < 1% additives 9
Slide 10: Supporting demand and stimulating supply around global marine bunkering hubs
Our focus is on supporting demand and stimulating supply of our fuels around global marine bunkering hubs MSC SHIPPING, GLOBAL ARA/MED, EUROPE VALKOR, UTAH INDUSTRIAL SOUTHEAST CLIENT, ASIAN REFINERY MOROCCO PANAMA & HONDURAS POWER PLANTS SHIPPING, SINGAPORE 10 Demand point Production & supply Marin
Slide 11: Advancing Our Projects
Advancing Our Projects Marine, MSC Morocco, OCP USA, Valkor Other Projects • Agreement for Antwerp • Commercial framework • Heavy sweet oil pilot drilling • Excellent progress being terminal supply signed with agreement signed May ‘24. successful in Q2’24 led to made to replace MAC² and Cargill. pro
Slide 12: Managing the dynamics of multi-party marine collaboration
Managing the dynamics of multi-party marine collaboration COMMERCIAL REVISION OF TERMS WORDING ANTWERP INCREASED TERMINAL INSURANCE 3-WAY QUANTUM PRICE ENHANCED FORMULAS CONFIDENTIALITY, INSURANCE CROSS-LIABILITY NON-BINDING IMPLICATIONS OF TRIAL 3-WAY BREXIT AGREEMENT MERGED FINAL NEGOTIATION & FIN
Slide 13: Decarbonisation of shipping
Decarbonisation of shipping STRATEGIC FIT MARKET Partnering with the world’s largest container • MSAR® & bioMSAR shipping company to create global demand and • 0.1-0.5 kbpd/ship across ~12000 ships stimulate supply to major hubs, starting with ARA (EU). that use an estimated ~40% of global marine fu
Slide 14: Supporting demand and supply around major ports
Supporting demand and supply around major ports Q2’ 24 Q3 ‘24 Q4 ‘24 Q1 ‘25 Q2 ‘25 VALKOR UPSTREAM TO MARINE/POWER • Valkor pilot drilling • Utah state permit awards • Oil samples tested at QRF • QED SLA payment ($1m) USA supply of low sulphur completed • Valkor production starts • Valkor production
Slide 15: Our resources
Our resources QRF team in Essex FINANCIAL TEAM IP & KNOW-HOW • April ‘24 fundraise of £2.5m (gross). • Quadrise team of ten staff • Expanding IP portfolio, Sugar • Cash of £3.0 million at 30 June ‘24. includes emulsions, fuels and PCT & Blend-on-board filed. combustion specialists in our • New paten
Slide 16: ESG-aligned strategy for energy decarbonisation
ESG-aligned strategy for energy decarbonisation To be published soon… 16
Slide 17: Summary
Summary With a focus on delivering on shareholder expectations in 2024-25 OUR PURPOSE OUR SOLUTIONS OUR FOCUS OUR GROWTH Quadrise is the ▪ Supply energy transition to ▪ Supporting demand for our novel ▪ Decarbonising of shipping, transition energy-intensive sectors. technology by working with starti
Slide 18: Appendices
Appendices Quadrise plc is registered in England & Wales Company registration number: 5267512 18 Quadrise International Ltd is registered in England & Wales Company registration number: 5587832
Slide 19: Annual results - last 5 financial years
Annual results - last 5 financial years 2024 2023 2022 2021 2020 Financial year ending 30 June (£m) (£m) (£m) (£m) (£m) INCOME STATEMENT Revenue - - 0.08 0.01 - Operating loss (3.09) (3.26) (2.76) (4.45) (4.85) Net loss after tax (2.86) (3.09) (2.60) (4.26) (4.84) EPS – Basic (p) (0.18) (0.22) (0.18
Slide 20: Board and Senior Management
Board and Senior Management Jason Miles, CEO Vicky Boiten-Lee, NED Andy Morrison, NED Chair Experience: 30 years oil and Experience: 20 years at Royal Experience: 17 years at Royal Dutch Dutch/Shell (EU, Eastern/AP, USA, Shell (oil products, lubricants, specialty emulsion fuels at BP, PDVSA, OpenLin