Umicore Sa · EURONEXT:UMI
Umicore Sa — Investor Day (November 2010)
15 slides from Umicore Sa's investor day presentation, Nov 18, 2010
Slide 1: Battery Recycling
Battery Recycling Jan Vliegen – Senior Vice President Capital Markets Event on Recycling – 18-19 Nov 2010
Slide 2: Umicore Battery Recycling
Umicore Battery Recycling First ever developed process with a specific focus on the need for rechargeable battery recycling “Best Available Technology”, allowing to meet current and future regulatory requirements • Unique recycling process with a maximum valorisation of valuable metals • Clean proce
Slide 3: Investments & technology
Investments & technology Pilot plant in Hoboken • € 25 million investment • Initial treatment capacity of 7,000 tonnes • Equates to some 250 million mobile phone batteries • Equates to some 150,000 (H)EV batteries • Start-up foreseen mid 2011 Uses Ultra High Temperature (UHT) technology • Allows to
Slide 4: Value chain & business model
Value chain & business model Umicore Battery Recycling spent trans- sampling dismantling smelting separation batteries formation treatment recycling refining production Sampling Treatment charge (TC) Refining charge charge (SC) (RC) Service is more important than metal value Safety and sustainabilit
Slide 5: Why do people recycle (now)?
Why do people recycle (now) ? There is money to be made : Jewellery, copper scrap, Value automotive catalysts, … Long-term sustainability The waste volume is so big that it can’t be There is a threat to the environment, to left “on the street” human health, to human safety: Household waste, cars, co
Slide 6: Business drivers
Business drivers Value and potential scarcity of the metals • Li-ion batteries contain Co, Ni, Li Cost of recycling • Li-ion batteries require a dedicated process due to their complexity Legislation driven by sustainability considerations • Carbon footprint, toxicity, security of supply,… • Li-ion b
Slide 7: Legislative Framework
Legislative Framework Waste Framework Directive WEEE ELV BD Waste vs. by-products Waste End-of-Life Battery Electrical & Vehicles Directive Hazardous Electronic waste list Equipment Transport rules The Waste Framework Directive contains the basic framework for handling waste, this is complemented by
Slide 8: WEEE and ELV directives
WEEE and ELV directives WEEE Directive (Waste Electrical & Electronic Equipment) • Obligation to remove batteries from e-scrap ELV Directive (End-of-Life Vehicles) • End of Life concerns to be addressed from the design phase • Feasibility of reuse and recycling targets to be demonstrated • Promotes
Slide 9: Battery Directive
Battery Directive Includes (H)EV batteries as “industrial batteries” • Obligation for producers to take back batteries put on the market • Landfill or incineration is explicitly forbidden • Obligation to recycle after collection → Battery directive implies that the only option for (H)EV batteries is
Slide 10: Future legislation
Future legislation The battery directive stipulates the requirement of attaining a recycling efficiency over 50% for the recycling of both Li-Ion and NiMH batteries A discussion is ongoing on how to calculate the recycling efficiency • Many players will not reach 50% • Umicore’s process will be abov
Slide 11: Market estimates
Market estimates Power demand for Li-Ion batteries Potential recyclable (H)EV battery (in MWh/year) material 1 MW ∼ 2 ton of cathode material (weight indexed versus 2009) 90,000 50 Portable electronics Power tools (P)HEV / EV End-of-Life batteries 80,000 Batteries from service repairs Battery produc
Slide 12: Competitive advantages
Competitive advantages The Umicore Battery Recycling process guarantees • A low environmental impact • Low energy use • A valorization and/or reuse of all metals present Umicore offers a recycling solution for all possible EV technologies The service model is not dependent on metal prices 12
Slide 13: Competitive environment
Competitive environment Alternatives Characteristics Main players Landfill • Not an option in Europe • Worldwide a growing more stringent legislation Illegal and low standard • Export outside Europe China, India, Dubai activities • Second-hand use • Low standard recycling Mainstream steel mills • Ca
Slide 14: Forward-looking statements
Forward-looking statements This presentation contains forward-looking information that involves risks and uncertainties, including statements about Umicore’s plans, objectives, expectations and intentions. Readers are cautioned that forward-looking statements include known and unknown risks and are
Slide 15: Jan Vliegen
Jan Vliegen Senior Vice President Battery Recycling Jan Vliegen holds a PhD in Chemistry from the University of Antwerp. He started his career with Umicore in 1984 as a researcher. In 1997 he became business line manager Specialty Materials at Umicore’s Hoboken site. Prior to becoming Senior Vice-Pr