Emmerson Plc · LSE:EML
Emmerson — Investor Presentation (May 2021)
9 slides from Emmerson's investor presentation, May 2021
Slide 1: Developing a low capex, high margin potash project in Morocco
Developing a low capex, high margin potash Corporate Presentation May 2021 project in Morocco
Slide 2: Introduction
Introduction • Demand for potash continuously rising • Inevitable need for new well-located sources of supply • Potentially outstanding project economics • Key development expertise in place • Substantial equity discount to Net Asset Value compared to sector developers1 • Market Cap as % of NAV/NPV
Slide 3: Population Growth Requires Ever Higher Yields
Population Growth Requires Ever Higher Yields Farmland per capita is shrinking as population rises Arable land (hectares per person) reduced by 33% in the 40 years to 2016 Total Productive arable land now reducing in absolute terms Fertilizer consumption Fertilizer consumption (kilograms per (kilogr
Slide 4: A Strategic Asset
A Strategic Asset Green Morocco successfully developing better farmland Total MOP Imported to Morocco 2012 - 2019 (in Tonnes) 1,200,000 1,000,000 Africa is expected to experience faster population growth 800,000 600,000 African farmland could see the 400,000 strongest demand growth for fertilizer 20
Slide 5: Morocco is Open For Business
Morocco is Open For Business • Morocco ranks highly on the investment risk index • Welcomes FDI in the industrial sector • Competitive royalties and fiscal regime to develop mining sector • Khemisset will be a meaningful contributor to employment and GDP Corporate Presentation 4
Slide 6: Renewable Energy in Morocco
Renewable Energy in Morocco • Morocco 3,000 hours per year sunshine • 42% of electricity now from renewable in Morocco • Khemisset could be 100% renewable energy • Renewable power to run the mine and process plant would massively reduce the carbon footprint Corporate Presentation 5
Slide 7: The Geology and Location are Unique Advantages
The Geology and Location are Unique Advantages Corporate Presentation 6
Slide 8: On the Fast Track to Production
On the Fast Track to Production Progress to date has been cost effective and quick Jun 2018 RTO £6m raised at 3p Low Capex Potential Confirmed by Scoping Nov 2018 Study – 3.35p Apr 2019 Heads of Agreement Signed for 100% Offtake – 4.10p PEA for Sale of Salt Completion of Comprehensive Jul 2019 By-Pr
Slide 9: Contacts
CONTACTS: Emmerson Plc We will strive to “Always do the right thing Graham Clarke – CEO and always do it in the right way” Graham.Clarke@emmersonplc.com Hayden Locke – Executive Director RESPECT Hayden.locke@emmersonplc.com We respect our environment, our stakeholders and each other. Shard Capital I