LiqTech International, Inc. · NASDAQ:LIQT
LiqTech International — Conference Presentation (October 2020)
32 slides from LiqTech International's conference presentation, October 2020
Slide 1: Company Presentation
Company Presentation October 2020
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Statements This presentation contains "forward-looking statements“ within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Although the forward-looking statements in this presentation reflect the good faith judgment of management, fo
Slide 3: Company Overview
Company Overview improving our future
Slide 4: Experienced Senior Management
Experienced Senior Management Sune Mathiesen Claus Toftegaard CEO CFO ► Most recently CEO and majority owner of ► Most recently CFO of Gabriel Holding A/S, Provital Solutions A/S a publicly listed fabric company ► Broad experience in management and ► Previously served as CFO of RTX A/S, a held sever
Slide 5: Company Overview
Company Overview Fundamental SiC membrane SiC bulk and Acquisition of Commercial research and technology SiC membrane systems breakthrough in first SiC development technology manufacturer water treatment manufacturing 2000 2006 2013 2014 2018/2019 ► DPF ► Retrofitted nearly 2 million large vehicles
Slide 6: Company Overview
Company Overview LiqTech has placed orders for additional furnaces and plans to triple its production capacity by July 2020 Hobro, Denmark Ballerup, Denmark Minneapolis, USA ► Corporate headquarters ► Membranes manufacturing ► DPF manufacturing ► Systems manufacturing ► DPF manufacturing ► R&D Syste
Slide 7: Highlights
Highlights improving our future
Slide 8: 2019-20 Highlights
2019-20 Highlights COMMERCIAL • The Company achieved meaningful market traction in 2019 for its proprietary ceramic silicon carbide water filtration systems in the BREAKTHROUGH IN marine scrubber market. 2019 FOR MARINE • FY 2019 revenue of $32.6 million, an increase of approximately 167% SCRUBBERS
Slide 9: Revenue Growth
Revenue Growth Reflects impact of $12 mechanical 265% Increase from 2018 to 2019 issues on two of four $10.3 $10 $9.7 legacy $9.3 furnace Reflects impact from $8 $7.4 COVID-19 US $ Millions $6.2 $6 $4.6 $4 $3.6 $3.3 $3.1 $2.4 $2 $0 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2
Slide 10: Gross Margin Improvement
Gross Margin Improvement 45% 40.0% 40% 35% Goal of 40%+ Blended Gross Margins by 2021 30% Reflects 25.7% impact from 25% 22.3% 23.0% COVID-19 22.0% 19.9% 20% 18.3% 15% 10.7% 10% 8.6% 6.1% 5% 0% -5% -2.5% Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 2021 Goal improv
Slide 11: Operating Profitability
Operating Profitability Turned the Company profitable in 2019 $1 $0.1 US $ Millions $0 ($1) ($2) ($3) ($4) ($5) ($4.5) 2018 2019 FYE December improving our future
Slide 12: Marine Scrubber Market Update
Marine Scrubber Market Update improving our future
Slide 13: +100 Global Ports Banning Open Loop Discharge
+100 Global Ports Banning Open Loop Discharge improving our future
Slide 14: Scrubber Market Opportunity
Scrubber Market Opportunity • The marine scrubber market is moving from open loop systems to closed loop systems • 10% closed loop in 2019, expected to be 25-50% closed loop for new UP TO $1.6 • retrofits between 2020 and 2025 Key drivers for vessels moving from open loop to close loop BILLION • +90
Slide 15: Capacity Expansion
Ballerup, Denmark Capacity Expansion improving our future
Slide 16: Ramp Up / Investments
Ramp Up / Investments The Company recently ramped-up its capacity and now has a revenue capacity of $150-200 million/year. Investments Power Central High Temp Furnace Furnaces #1-4: $4 M Power Central (3600 AMP): $0.8 M Cooling Plant (5400 kW): $0.8 M Others: $0.4 M Total: $6.0 M Transformer Supply
Slide 17: Membrane Products & Development
Membrane Products & Development PRODUCTS CURRENT OFFERING MF, UF, DPF 2020 Q2 ….+ DISC, FLAT SHEET 2020 Q3 ….+ NF 2020 Q4 ….+ OXID PRODUCTS WATER UTILITIES DRINKING WATER FOOD & BEVERAGE PHARMACEUTICALS REFINERIES improving our future
Slide 18: New Products - Marine
New Products - Marine Lower Cost • New MK7 Standardized Water Treatment System More Efficient • Water Maker – Desalination Ceramic / RO Tightening • Bilge Water Treatment System legislation Tightening • NOx Reduction System legislation Tightening • Black Carbon Reduction System legislation Water Qua
Slide 19: New Products
New Products Estimated Market Size • OEM Membranes $8 BN Estimated Market Size • Filter Press – Stand Alone Systems $3 BN improving our future
Slide 20: Future Addressable Market Opportunities
Future Addressable Market Opportunities Industry 2015 2020 2025 2030 2035 Product Applications Marine Scrubber, NOx Reduction, Carbon Black Reduction, Marine Drinking Water, Bilge Water, Pool Produced Water, Unconventional Oil & Gas, EOR, Refinery Oil & Gas Wastewater Power Plants Condensate Water,
Slide 21: Oil & Gas: LiqTech Water Treatment Solution
Oil & Gas LiqTech Water Treatment Solution improving our future
Slide 22: What Is Produced Water?
What Is Produced Water? • Natural formation water and/or injection water • Up to 10 barrels water per 1 barrel of oil! Produced Water Treatment Scenario Purpose • To meet discharge levels for Oil in water concentrations (OiW) • Conventional technology challenged (Walnut shell filters and flotation D
Slide 23: Background - Oil & Gas Produced Water
Background – Oil & Gas Produced Water New regulations combined with geological restrictions and local water scarcity, the drive to have a greater fraction of the PW more extensively treated and ultimately reused is increasing. Moreover, the growth in the application of water intensive processes to e
Slide 24: Application Opportunities - Oil & Gas
Application Opportunities - Oil & Gas Application Objective LiqTech Potential Surface discharge Meet tightening environmental legislation Re-injection Facilitate re-injection in low permeable Produced water reservoirs – increase well lifetime Re-use for other purpose Water scarcity – reuse for injec
Slide 25: Why Use Membranes For Produced Water Treatment?
Why Use Membranes For Produced Water Treatment? SiC strengths towards conventional technologies for tertiary treatment of produced water: • Solution to oil emulsions • Solution to heavy oil where hydro cyclones are challenged • Solution to polymer flooded produced water • SiC membranes can handle fl
Slide 26: Why Use SiC Membranes For Produced Water Treatment?
Why Use SiC Membranes For Produced Water Treatment? SiC strengths towards other membrane materials: • SiC membranes have shown less fouling tendency at field head to head comparisons and thus more stable operating conditions than oxide membranes (Al2O3 and TiO2), e.g. • PW-reinjection in China • PW-
Slide 27: PWT for Re-Injection (On-Shore)
PWT for Re-Injection (On-Shore) Middle East (Q3 2019) - short term demand for large installations Success criteria’s Performance Unit OiW < 10.0 < 0.5 ppm TSS < 5.0 < 2.0 ppm Recovery > 90 > 90 % improving our future
Slide 28: LiqTech Oil & Gas Application Summary
LiqTech Oil & Gas Application Summary • Entered in 2009 – too early for membrane technology? • Exited the industry in 2014 following a large drop in oil prices • We are currently repositioning ourselves in the industry • Increasing environmental awareness and tightening legislation • Launch of uncon
Slide 29: LiqTech Brand
LiqTech Brand improving our future
Slide 30: Brand Promise
Brand Promise ”As a pioneer, and the leader on We are here to clean water for oil, development, manufacturing and supply of pathogens and heavy metals, and to take revolutionary silicon carbide ceramic an active role in reducing world pollution. technology for purification of liquids and We care abo
Slide 31: Sustainable Development Goals
Sustainable Development Goals - 17 Goals to Transform Our World improving our future
Slide 32: LIQTECH
LIQTECH
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