White Energy Company Limited · ASX:WEC
White Energy — FY2010 Earnings Presentation
15 slides from White Energy's earnings presentation, Sep 9, 2010
Slide 1: 2010 Results Presentation
2010 RESULTS PRESENTATION September 2010
Slide 2: FY2010 White Energy Highlights
FY2010 White Energy Highlights Significant milestones have been achieved in each of our core markets White Energy acquired its first coal deposit with successful takeover of Australia South Australian Coal Limited Game changing transaction - evolution into a more diversified coal company KSC’s Taban
Slide 3: The Continuing Evolution of White Energy
The Continuing Evolution of White Energy Financial Summary Page 33
Slide 4: Takeover of South Australian Coal Limited
Takeover of South Australian Coal Limited The SACL takeover was highly strategic – it has better positioned White Energy in the coal industry value chain and provided the necessary skills and resources to pursue a more diversified coal strategy Attractive portfolio of Industry leading coal upgrading
Slide 5: New Board & Management
New Board & Management The acquisition of SACL has brought to White Energy the ex-Felix management team and a new Board comprising a group of leading coal entrepreneurs WECL Board WECL Management Travers Duncan Chairman The addition of the ex-Felix Resources management team complements WECL’s Brian
Slide 6: Corporate Identity
Corporate Identity This has lead to an evolution in the corporate identity as White Energy transitions from being focused solely on coal technology to having a more diversified coal portfolio Yesterday A technology focused coal company A diversified coal company capable of delivering a complete Toda
Slide 7: Evolution to a Diversified Coal Platform
Evolution to a Diversified Coal Platform Continue with Acquisition of joint venture SACL provides business model development options BCB Coal Upgrading Technology Sub-bituminous Coal Assets New Applications Extend BCB technology into eg. Coking Conventional new Coal applications Other Coal Mining Re
Slide 8: Platform for Growth
Platform for Growth White Energy is now organised around three distinct business divisions, driven by the continued focus on coal White Energy Coal Mining Coal Technology Mineral Exploration Other coal SACL Amerod SACL assets (uranium) (nickel, bauxite) Upgrading High Upgrading Coal New Technology M
Slide 9: Platform for Growth (continued)
Platform for Growth (continued) White Energy’s acquisition of SACL and accompanying capital raising provides a strong platform for growth and allows for participation in future coal sector opportunities The addition of the ex-Felix Resources Board and management team demonstrates the confidence in t
Slide 10: Financial Summary
The Continuing Evolution of White Energy Financial Summary Page10 10
Slide 11: FY2010 Results Overview
FY2010 Results Overview White Energy’s operating results for the year reflect a continued investment in building a platform for the ongoing growth of the business Consolidated entity’s net loss for the year was A$35.8M (2009: A$27.6M), which includes A$18.9M in interest, non-cash expenses and one-of
Slide 12: FY2010 Results Overview (continued)
FY2010 Results Overview (continued) FY 2010 FY 2009 A$M A$M Consolidated Entity net loss for the year (35.8) (27.6) Add back items: Interest costs (net) 1.3 3.9 Non-cash expenses: • Depreciation / amortisation 5.6 4.2 • Share based payments - 4.6 • Foreign exchange / withholding tax accruals 1.0 (1.
Slide 13: FY2010 Results Overview (continued)
FY2010 Results Overview (continued) Consolidated balance sheet A$M 30 June 30 June 2010 2009 Cash on hand at 30 June 2010 $103.2M, Current Assets 119.2 39.4 excluding A$75M of capital raising Non-Current Assets 206.8 182.1 proceeds received during August 2010 as part of a capital placement. Further
Slide 14: Forward looking statements
Forward looking statements Except for the historical information contained herein, the matters discussed in this presentation contain forward- looking statements, including statements, containing the words “planned”, “expects”, “believes”, “strategy”, “opportunity”, “anticipates”, and similar words.
Slide 15: Maritime Trade Towers, Sydney
Maritime Trade Towers Level 20, 201 Kent Street Sydney, NSW 2000 Telephone: +61 2 9959 0000 Facsimile: + 61 2 9959 0099 Email: info@whiteenergyco.com ABN 62 071 527 083 Page15 15