Scandinavian Enviro Systems Ab · OMXSTO:SES
Scandinavian Enviro Systems Ab — Investor Presentation (May 2025)
30 slides from Scandinavian Enviro Systems Ab's investor presentation, May 21, 2025
Slide 1: Scandinavian Enviro Systems
Scandinavian Enviro Systems A world without waste Investor Meeting | May 25th, 2025 0 Strictly confidential
Slide 2: Kort info rörande dagens möte
Kort info rörande dagens möte • Presentation följt av frågestund • Frågor – Chat – använd webcastlänken – Muntligt – använd telefonkonferenslänken och tryck # 5 för att ställa dig i kö • Mötet avslutas ca kl 17:30 • Dagens presentation spelas in • Presentationsmaterial kommer att läggas ut på hemsid
Slide 3: Today's team from Scandinavian Enviro System
Today’s team from Scandinavian Enviro System Fredrik Emilson | CEO Fredrik Aaben | CFO Mårten Wikforss| Head of IR 2
Slide 4: Agenda
Agenda Enviro in brief Strategy update Roles and responsibilities for European expansion Uddevalla update Enviro’s financing needs Rights issue transaction 3
Slide 5: Enviro's mission is based on three core components
Enviro’s mission is based on three core components Creating the world’s largest recycling group for 1 End-Of-Life Tires, based on Enviro’s leading pyrolysis technology (by) Turning Waste into Value by means of a solid financial 2 business case in an equity efficient set-up (while) Solving a major en
Slide 6: Creating the world's largest recycling group for End-Of-Life Tires
Creating the world’s largest recycling group for End-Of-Life Tires Enviro in brief Ownership and strategic partnership with Infiniteria – target structure Proven pyrolysis technology: 20+ year track record of pyrolysis innovation and engineering – with a world-leading pyrolysis platform and modular
Slide 7: Market dynamics and securing of feedstock drives our growth strategy
Market dynamics and securing of feedstock drives our growth strategy Global ELT volumes are massive Potential for rCB demand to reach 1 million tons by 2030 Source: Company information 6
Slide 8: Extracting recovered raw materials from end-of-life tyres
Extracting recovered raw materials from end-of-life tyres Pyrolysis – from End-Of-Life Tires to recycled raw materials Source: Company information Note: 1) Based on feedstock of ELT from the Nordics 7
Slide 9: Agenda
Agenda Enviro in brief Strategy update Roles and responsibilities for European expansion Uddevalla update Enviro’s financing needs Rights issue transaction 8
Slide 10: Drivers of Enviro's go-to-market strategy
Drivers of Enviro’s go-to-market strategy Strong environmental Access to feedstock business case Offering a circular alternative Need to secure the volumes to fossil materials required to ensure ability to Hyper-scale deliver Asset light Strong financial Customer demand business case Significant val
Slide 11: Illustrative picture of the European go-to-market structure
Illustrative picture of the European go-to-market structure Ownership and strategic partnership with Infiniteria – target structure with single plant subsidiaries of Infiniteria Technology licensing Technical services Sales support Uddevalla plant European plant 2 European plant 3 European plant 4 E
Slide 12: Target plant economics: Enviro's technology unlocks very substantial values
Target plant economics: Enviro’s technology unlocks very substantial values Revenue Margin EUR c.60m Revenue • Projected revenue for standard (c. 70kt p.a.) plants • Current spot prices - Recovered Carbon Black c. EUR 1,500 per tonne - Tyre Pyrolysis Oil c. EUR 800 per tonne c.60% EBITDA-m1 • Projec
Slide 13: The solution offered by Enviro deliver significant environmental benefits
The solution offered by Enviro deliver significant environmental benefits Estimated annual output based on one million tonnes of ELT Sustainable development goals Enviro's technology is actively contributing towards 9 SDGs ~6 TWh ~93% energy content of lower CO2 emissions produced TPO compared to vC
Slide 14: Key risks mitigated through joint venture structure and rollout setup
Key risks mitigated through joint venture structure and rollout setup Financial risk mitigation Operational risk mitigation Technological risk mitigation Milestones and service fees Infiniteria operations Previous scale-ups successful • Enviro receives milestones and will receive service fees for •
Slide 15: Enviro's key near-term focus areas, 2025 - 2026
Enviro’s key near-term focus areas, 2025 - 2026 Identify and negotiate Reach successful PAC next Secure long-term Short term financing for Uddevalla plant 3-5 sites in European financing roll out Build Enviro’s revenue Industrialize and and cash flow via Get FID for plant no 2 finalize Master servic
Slide 16: Agenda
Agenda Enviro in brief Strategy update Roles and responsibilities for European expansion Uddevalla update Enviro’s financing needs Rights issue transaction 15
Slide 17: A European Joint Venture with significant value creation potential
A European Joint Venture with significant value creation potential + + The joint venture targets a 1,000,000-tonne Enviro and Antin Infrastructure Partners to Offering a European supply of valuable, annual end-of-life tire recycling capacity – ca 1/3 establish the first step for world’s first large-
Slide 18: Roles and responsibilities
Roles and responsibilities Develop Blueprint incl platform Sole responsibility Gradually takes larger responsibility Build plant Initial plant (-s) for building plants Operate plants in Europe Sole responsibility (Excl. Åsensbruk) In collaboration with Antin and Primarily responsible – in collaborat
Slide 19: Agenda
Agenda Enviro in brief Strategy update Roles and responsibilities for European expansion Uddevalla update Enviro’s financing needs Rights issue transaction 18
Slide 20: The Uddevalla plant construction is well underway
The Uddevalla plant construction is well underway – first full-scale plant Constructing the first large scale plant Illustrative and highly simplified project plan • Enviro acts as project manager for first Final Investment Decision Provisional Acceptance Certificate1 (FID) (PAC) plant to Infiniteri
Slide 21: Update on economics for Uddevalla
Update on economics for Uddevalla Enviro’s milestone revenues Liquidity in Infiniteria Enviro’s ownership in Infiniteria SEK 150 m Milestones1 7% / 8% Ownership • First milestones are received in 50/50 split • Enviro’s approximate ownership in Infiniteria, between cash and shares in Infiniteria in c
Slide 22: Agenda
Agenda Enviro in brief Strategy update Roles and responsibilities for European expansion Uddevalla update Enviro’s financing needs Rights issue transaction 21
Slide 23: Substantial financial upside for Enviro – three main value drivers
Substantial financial upside for Enviro – three main value drivers 1 2 3 Illustrative proportion of Milestones and service fees Asset fees Value creation from ownership value creation potential Near term Medium term Long term for Enviro 3 Total Following successful rollout of its first Provides in
Slide 24: Enviro has great opportunities to unlock very substantial shareholder value but it will require financing
Enviro has great opportunities to unlock very substantial shareholder value but it will require financing Main buckets driving financing needs Main levers impacting Enviro’s financing requirement for JV expansion • Infiniteria has only been financed through equity to • Enviro’s ownership in Infiniti
Slide 25: Agenda
Agenda Enviro in brief Strategy update Roles and responsibilities for European expansion Uddevalla update Enviro’s financing needs Rights issue transaction 24
Slide 26: Timeline for the ongoing rights issue
Timeline for the ongoing rights issue Trading with BTUs on First North Growth Market (May 20th to June 16th) Trading with units on First North Growth Market (May 20th to May 28th) Enviro investor meeting online May 20th May 21st May 28th June 3rd June 10th June 16th June 23rd Subscription period sta
Slide 27: Key terms of the ongoing rights issue
Key terms of the ongoing rights issue Rights issue details1 Use of net proceeds from the rights issue Number of shares in Enviro pre transaction 806,615.589 shares Repayment of the Bridge Loan including associated interest Number of shares giving right to one unit 9 10-15% and fees Definition of one
Slide 28: Key investment highlights
Key investment highlights Technology proven in commercial application at plant since 2016 with world-leading technology and 1 modular production process 2 Massive market potential with around 3.4 million tonnes of end-of-life tires annually in Europe alone European rollout of recycling plants throug
Slide 29: Q&A
Q&A 28
Slide 30: Slide 30
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