Andromeda Metals Limited · ASX:ADN
Andromeda Metals — Investor Presentation (June 2023)
32 slides from Andromeda Metals's investor presentation, Jun 8, 2023
Slide 1: Investor Update
Investor Update Sydney ASX:ADN 8-9 June 2023 www.andromet.com.au
Slide 2: Disclaimer and compliance statement
Disclaimer and compliance statement No investment advice and investment risk This Presentation has been prepared by Andromeda Metals Limited (ACN 061 503 375) (Andromeda or Company). The information contained in this Presentation does not constitute investment or financial product advice (nor taxati
Slide 3: Acknowledgement of Country
Acknowledgement of Country I begin today acknowledging the Traditional Custodians of the people on whose land we are gathered here today, the Gadigal people of the Eora Nation, and on the lands on which Andromeda operates, being the Kaurna people of the Adelaide Plains and the Wirangu people of Sout
Slide 4: Our Board and Executive Team
Our Board and Executive Team New Board with exceptional industry expertise Melissa Holzberger Austen Perrin Mick Wilkes Non-Executive Director Non-Executive Director Independent Non-Executive Chair Chair, Sustainability & Governance Chair, Audit & Risk Committee Chair of Remuneration and Committee N
Slide 5: Our Vision
Our Vision The Great White Mineral Company 5
Slide 6: Strategic Intent
Strategic Intent To be The Great White Mineral Company We are passionate about developing, commercializing and monetizing The Great White Project We can be The The Great White “Best” white Project is our mineral economic company in the engine world 6
Slide 7: Our Business Approach
Our Business Approach Current State Our Positioning Our Approach (Today) (To be) • Commodity mindset • De-commoditizing • Optimum value identified by • Price sensitive • Shared view of value-in-use balancing Mine-to-Market vs • Defining product and across product portfolio Market-to-Mine market port
Slide 8: Our Products
Our Products Positioned to respond to megatrends Core Great White CRMTM Ceramic tile bodies Urbanisation Technology Adjacent Ceramic glazes and engobes HPA / Other Minerals High end porcelain and tableware Decarbonisation Complementary Great White HRMTM Low carbon footprint cement 8
Slide 9: Strategic Lens
Strategic Lens Where we participate, with whom and why Megatrend Regions response solution Resources Return on invested Aligned with capital The “Best” Cash conversion cycle Partnerships Time Optionality 9
Slide 10: Commercial Strategy Map
Commercial Strategy Map A structured methodology 10
Slide 11: Our Optimization Platform
Our Optimization Platform Optimal Market to Mine / Mine to Market response Data driven Prescriptive optionality analytics algorithms Environment Feedstock Energy Optimized White White and Strategic Cash Mineral Mineral Accretive Market Conversion options Cycle products Option Value Opportunities for
Slide 12: Go To Market
Go To Market Execute with a focus on Core and Complementary 12
Slide 13: Commercial Strategy
Commercial Strategy Next Steps • Great White CRMTM detailed technical evaluation and formulation at pilot plant level, including value in use – end of June • Great White HRMTM technical evaluation, and relative economic value in the cement and concrete decarbonization value chain – end of June • Inc
Slide 14: Markets: Kaolin Global Demand by Region
Markets Kaolin – Global Demand by Region The outlook for global demand growth for kaolin between 2020 and 2025 is 4.3% CAGR, adding 7.3 million tonnes to the market over this period – TZMI. By Region 2021 Focus to target largest primary markets of China and Rest of Asia Pacific and Europe that accou
Slide 15: Key Market Macroeconomic Driver
Key Market Macroeconomic Driver Geopolitical Risk - Ukraine Of all the Ukraine produced minerals, it is the ceramic clay supply sector which is perhaps going to have the most severe impact on European consumers – IMFR. Ukraine was a leading exporter of high-quality ceramic clay, with almost 5 millio
Slide 16: Markets: Kaolin Global Demand by End Use
Markets Kaolin – Global Demand by End Use The ceramics sector accounted for 33% of the global kaolin market in 2021 and is forecast to grow at 6.4% CAGR between 2020 and 2025 – TZMI. By End Use 2021 Focus to target primary end use ceramics markets that accounted for largest market segment and has hi
Slide 17: Markets: Kaolin China Supply Demand Balance
Markets Kaolin – China Supply Demand Balance China’s domestic supply of kaolin has been constrained due to resource depletion and environmental protection practices that limit mining – TZMI. Consider impact of shortfall in long term supply and deficit of high-quality product with some users having t
Slide 18: Markets: Kaolin China Ceramics Addressable Market
Markets Kaolin – China Ceramics Addressable Market Upgrading to ceramic slabs, large format tiles and growth in tile digital printing mean increased requirements for higher quality kaolin in China - TZMI Ceramics Addressable Market - 2021 Ceramics Addressable Market Forecast Consider impact of upgra
Slide 19: Global Ceramic Tile Market
Global Ceramic Tile Market Spain and Italy are technology and export leaders Global tile production, export and consumption, measured in million metric square metres (sqm) (2021: Top 10 account for 84%, 85% and 74% of global market for production, export and consumption respectively) Country Country
Slide 20: Ceramic Tile Body Formulation
Ceramic Tile Body Formulation Value-in-use opportunities Great White CRMTM 20 Edited from source: Strateg-on Business Consultancy
Slide 21: Confirmed High-Quality Global Leader
Confirmed High-Quality Global Leader International benchmarking by IberoClays confirms Great White CRM™ as a market leading product 21 Testing conducted on Great White CRM™ is consistent with product developed from The Great White Project’s Great White Deposit, as announced via ASX on 6 April 2021.
Slide 22: Confirmed High-Quality Global Leader
Confirmed High-Quality Global Leader Properties of Great White CRM™ provides above market value-in-use, to fastest growing ceramics segments Great White CRM™ properties and applications1 ✓Top 3 Iron/Aluminium ✓High brightness is retained in high temperatures, ✓Very high dry mechanical with very good
Slide 23: Ceramic Tile Manufacturing
Ceramic Tile Manufacturing Great White CRM™ performance in the ceramic tile manufacturing process Raw materials and additives dosing Top 3 potential in formulation Body preparation Provides unique mechanical Pressing properties Provides rheology Drying and suspension Glaze preparation performance Gl
Slide 24: Digital Tile Printing
Digital Tile Printing Digital printing has been adopted as the state-of-the-art technology for tile decoration Key Target Markets • It is estimated that 70% of global tile production is decorated (glazed), of which 75% are digitally printed. • The trend continues with no other technology in sight. •
Slide 25: Key Market, Product and Technology Trends
Key Market, Product and Technology Trends Source: Strateg-on Business Consultancy 25
Slide 26: Ceramic Tile Segments
Ceramic Tile Segments High-quality kaolin and ongoing innovation has seen porcelain tiles evolve into larger, high-end design formats From 160 x 320 cm and beyond… Source: https://www.florim.com/en/160x320-cm-64x126-inch-tile/ Link to video showing the making of Florim slabs 26
Slide 27: Images of Porcelanosa ceramic and porcelain tiles
Images of Porcelanosa ceramic and porcelain tiles 27
Slide 28: Images of Porcelanosa ceramic and porcelain tiles
Images of Porcelanosa ceramic and porcelain tiles 28
Slide 29: The Great White Project Readiness/Targeted Timeline
The Great White Project Readiness/Targeted Timeline Discussions with investors regarding a mix of debt and equity options 1. Data room is open to debt-only investors: • Investment Memorandum (IM) • Detailed financial model Stage 1A • Bankable Feasibility Study (BFS) Starter Plant capital cost of $55
Slide 30: Ceramics quote (Bradstreet, 1960)
“Ceramics is the industrial sector where changeable raw materials with uncertain purity are exposed to poorly defined temperatures during a certain period of time in which unknown reactions take place partially, rendering heterogeneous non-stoichiometric products, known after the name of ceramic pro
Slide 31: Acknowledgements
Acknowledgements Progressing this important work could not have been done without the important contributions from: • IberoClays for conducting testing on Great White CRM™ • Strateg-on Business Consulting, and its Principal Miguel J. Galindo, for providing strategic advice on product and market deve
Slide 32: ASX:ADN andromet.com.au
ASX:ADN Level 10, 431 King William Street, Adelaide, South Australia 5000 +61 8 7089 9800 Authorised for release by the Board of Andromeda Metals Ltd andromet.com.au