Avantium N.v. · EURONEXT:AVTX
Avantium — Investor Presentation (August 2022)
39 slides from Avantium's investor presentation, Aug 31, 2022
Slide 1: Investor Presentation August 2022
Avantium | Investor Presentation August 2022 1 Investor Presenta tion August 2022
Slide 2: Disclaimer
Discla imer Avantium | Investor Presentation August 2022 This presentation has been prepared by Avantium N.V. (the “Company”). For the purposes of this notice, the presentation that follows (the “Presentation”) shall mean and include the slides that follow, the oral presentation of the slides by the
Slide 3: Today's speakers
Toda y’s spea kers Avantium | Investor Presentation August 2022 Tom van Aken Bart Welten CEO CFO Since 2002 Since 2020 25y of industry experience 30+y of industry experience Selected previous experience: Selected previous experience: 3
Slide 4: Introduction
Avantium | Investor Presentation August 2022 4 Introduction
Slide 5: Avantium at a glance: a leader in renewable chemistry
Ava ntium a t a gla nce: a lea der in renewa ble chemistry Avantium | Investor Presentation August 2022 Who A leader in the high-growth industry of renewable chemistry we are Commercialise disruptive technologies to accelerate the Our transition from fossil-based to renewable and circular mission pl
Slide 6: Increasing worldwide use of plastics causes major environmental challenges
Increa sing worldwide use of pla stics ca uses ma jor environmenta l cha llenges Avantium | Investor Presentation August 2022 Global plastics production will triple by 2050 Plastic production and waste cause major environmental problems Global warming Plastic pollution 2020 2050 : : 1:5 >1:1 1,200Mt
Slide 7: Fossil-based products will ultimately phase out
Fossil-ba sed products will ultima tely pha se out Avantium | Investor Presentation August 2022 Challenges cannot be solved by Key market drivers recycling only Demographic growth and increasing America simply does not have enough recycled purchase power of a growing PET supply or processing capacit
Slide 8: Pipeline of disruptive technologies in renewable chemistry
Pipeline of disruptive technologies in renewa ble chemistry Focused on pla nt-ba sed pla stics, a dva ncing towa rds commercia lisa tion Avantium | Investor Presentation August 2022 FDCA Packaging Textile PEF Films plantMEG Technology pipeline Numerous other applications 8
Slide 9: From technology development to commercialisation
From technology development to commercia lisa tion Avantium | Investor Presentation August 2022 Technology Demonstrate Commercial roll- testing technology & market out FDCA Pilot Plant testing (since 2011) R&D research Technology Develop technology demonstration economic feasibility Commercial launc
Slide 10: Avantium's successful trajectory towards growth
Ava ntium’s succesful tra jectory towa rds growth Avantium | Investor Presentation August 2022 20+ 144+ €192m 2 Strategic & 225+ 3 pilot plants & Years of R&D Patent Funding for Core products Employees 1 commercial Flagship Plant (FDCA and commercial plant under families secured plantMEG) partners c
Slide 11: Key investment highlights
Key investment highlights Avantium | Investor Presentation August 2022 1 Attractive 2 Cutting-edge products addressable & technologies markets Accelerating market adoption to renewable & circular plastics 3 Successful 4 Clear path to execution of growth strategy 11
Slide 12: Part 1: Cutting-edge products & technologies
Pa rt 1: Avantium | Investor Presentation August 2022 CUTTING-EDGE PRODUCTS & TECHNOLOGIES 12
Slide 13: PEF is a 100% plant-based plastic made from FDCA and plantMEG
PEF is a 100% pla nt-ba sed pla stic ma de from our two core products FDCA a nd pla ntMEG Avantium | Investor Presentation August 2022 Unique technological platform centered around Broad range of Feedstock flexible catalysis process applications Agri crops FDCA Packaging Plant-based sugar Film PEF T
Slide 14: PEF solves the challenges of today's conventional plastics
PEF solves the cha llenges of toda y’s conventiona l pla stics Offering solutions for pla stic wa ste a nd CO2 reduction Avantium | Investor Presentation August 2022 Unintended Renewable: PEF is plant-based instead of fossil- leakage based, resulting in clear reductions in greenhouse gas (GHG) emiss
Slide 15: Showing enhanced performance while being cost competitive
Showing enha nced performa nce while being cost competitive Avantium | Investor Presentation August 2022 Enhanced product properties PEF PET 10.0x 2.0x 8.0x Today: Strong gas 1.0x 1.0x 1.0x High-value Cost barrier Enhanced competitive applications Oxygen CO₂ Water performance Volume economies of sca
Slide 16: Numerous strategic collaborations & offtake agreements
Numerous stra tegic colla bora tions & offta ke a greements Avantium | Investor Presentation August 2022 Development of PEF for beverage applications PEFerence (1) aims to establish an innovative supply chain for FDCA & PEF R&D collaborations High The PEF Textile Community aims to develop PEF yarn a
Slide 17: Part 2: Attractive addressable markets
Avantium | Investor Presentation August 2022 17 ATTRACTIVE ADDRESSABLE Pa rt 2: MARKETS
Slide 18: Avantium targets large and diverse PEF and MEG markets
Ava ntium ta rgets la rge a nd diverse PEF a nd MEG ma rkets Avantium | Investor Presentation August 2022 PEF addressable market – MEG addressable market – 100mt+ 35mt+ Total expected Total value today value $200bn+ $23bn+ Mainstream Packaging and Solvent applications bottles ($160bn) Value Tomorrow
Slide 19: PEF has enhanced product performance and is protected with 60+ patent families
PEF ha s enha nced product performa nce a nd FDCA / PEF is protected with 60+ pa tent fa milies Avantium | Investor Presentation August 2022 Sustainability vs degradability Selected companies Plant- based PEF PLA PBS PHA PEF Bio- PET Most mature PEF player Fossil- based PE/PP rPET PLA Non-degradable
Slide 20: Part 3: Successful execution of strategy
Avantium | Investor Presentation August 2022 20 SUCCESSFUL EXECUTION OF STRATEGY Pa rt 3:
Slide 21: Construction of FDCA Flagship Plant commenced in 2022
Construction of FDCA Fla gship Pla nt commenced in 2022 The world’s first pla nt producing FDCA on a commercia l sca le Avantium | Investor Presentation August 2022 Location Chemie Park Delfzijl (NL) – Environmental permit in place Timing Objective Construction completion 2023 & Prove technology at
Slide 22: FDCA Flagship Plant financing fully secured
FDCA Fla gship Pla nt fina ncing fully secured Fina ncia l Close rea ched on 31 Ma rch 2022 Avantium | Investor Presentation August 2022 Grants (€27m): Funding sources ▪ €20m PEFerence grant(1) ▪ €7.5m grant from the €45m National Programme Groningen Third Party Equity (€30m): €90m€192m ▪ €20m equit
Slide 23: Successfully de-risked across the entire value chain
Successfully de-risked a cross the entire va lue cha in Avantium | Investor Presentation August 2022 ✓ Plant financing fully secured 10 Offtake partners committed - ✓ varying in both geography (EU, US and Japan) and applications * + 2 undisclosed brand owners Engineering & construction ✓ Supply chai
Slide 24: Well-defined and scalable go-to-market strategy for PEF/FDCA
Ava ntium ha s a well-defined a nd sca la ble go-to-ma rket stra tegy for PEF/FDCA Avantium | Investor Presentation August 2022 Flagship Plant Industrial Plant (100kt/a) Industrial (>250kt/a) (5kt/a) In-house production Licensing Licensing Product characteristics Today Tomorrow Longer-term High-valu
Slide 25: Momentum to accelerate in 2022 driven by increasing PEF adoption
Momentum to a ccelera te in 2022 driven by increa sing PEF a doption Avantium | Investor Presentation August 2022 2022 2023-2024 ▪ Further broaden PEF use beyond packaging applications ▪ First revenues from sale of PEF ▪ Development PEF partnerships out of the FDCA Flagship Plant ▪ Sale of technolog
Slide 26: Part 4: Clear path to growth
Avantium | Investor Presentation August 2022 26 CLEAR PATH TO GROWTH Pa rt 4:
Slide 27: plantMEG is a key drop-in ingredient for large end-markets
pla ntMEG is a key drop-in ingredient for la rge end-ma rkets Avantium | Investor Presentation August 2022 Avantium value proposition plantMEG will provide brands with a sustainable & innovative ingredient Key ingredient in a wide range of Pilot Plant successfully end applications (PEF, fibers, comm
Slide 28: Construction of plantMEG Commercial Plant
Construction of pla ntMEG Commercia l Pla nt Levera ging on the succesful experience in FDCA Avantium | Investor Presentation August 2022 Success of FDCA strategy execution will accelerate plantMEG Location Joint venture Size Northwestern Europe Jointly owned by Cosun Beet >100kt per annum execution
Slide 29: Value drivers other technologies
Va lue drivers other technologies Summa ry of milestones rea ched a nd key upcoming potentia l milestones Avantium | Investor Presentation August 2022 2022 2023-2024 PlantMEG™ ✓ LCA plantMEG™ • First LOIs and offtake agreements • Finalise JV with Cosun Beet Company plantMEG™ to construct and operate
Slide 30: Key drivers supporting Avantium's market potential
Key drivers supporting Ava ntium’s ma rket potentia l Avantium | Investor Presentation August 2022 Plant Pricing and Market segments capacities profitability and geographic opportunity Milestone Number of industrial payments/ licenses per royalty technology fees Timing and Flagship Plant execution 3
Slide 31: Key takeaways
Key ta kea wa ys …Forming the foundation Avantium | Investor Presentation August 2022 for commercialisation ✓ Construct FDCA Flagship Plant Key milestones successfully INNOVATION-DRIVEN achieved… TECHNOLOGY LEADER ✓ Construct plantMEG Commercial ✓ Proven R&D and innovative IN RENEWABLE Plant technol
Slide 32: Q&A
Avantium | Investor Presentation August 2022 32 Q&A
Slide 33: Appendix
Avantium | Investor Presentation August 2022 33 Appendix
Slide 34: Avantium: experienced leadership team
Ava ntium: experienced lea dership tea m Avantium | Investor Presentation August 2022 Management Team Education: Education: Chemistry (Utrecht) and Economics Law (Leiden) and MBA (Boston) (Amsterdam) Selected previous / other positions: Selected previous / other positions: ▪ Now: Supervisory Board S
Slide 35: Illustrative revenue and profitability model showcasing the large financial opportunity
Illustra tive revenue a nd profita bility model showca sing the la rge fina ncia l opportunity Avantium | Investor Presentation August 2022 Illustrative market targeting Revenue & profitability mechanics PEF MEG Catalysis Continued organic growth in line with historical levels 1 Estimated market siz
Slide 36: Company strategy by business line
Compa ny stra tegy by business line Avantium | Investor Presentation August 2022 Avantium NV Catalysis Renewable Polymers Renewable Chemistries Corporate Technologies CO2 based polymers, R&D services & systems FDCA / PEF plantMEGTM Biorefinery & novel polyesters Profitable Fully financed Funded unti
Slide 37: Avantium's industrial strategy compares favorably to its core peers
Ava ntium’s industria l stra tegy compa res fa vora bly to its core peers Avantium | Investor Presentation August 2022 ✓ Avantium’s industrial Busine Peers 3M market Produ Announced commissioning year / run-rate capacity strategy is not an ss cap. range ct Before exception - Exact same model (€m)(1)
Slide 38: Avantium tomorrow: Successfully delivering the next bio chemicals
Ava ntium tomorrow: Successfully delivering the next bio chemica ls from disruptive technologies Avantium | Investor Presentation August 2022 Today Tomorrow PEF Building blocks CO2 based FDCA plantMEG Biorefinery polymers Catalytic conversion of plant- Conversion of sugars into Conversion of CO2 int
Slide 39: Global warming stripes by climate scientist Ed Hawkins
Avantium | Investor Presentation August 2022 Global warming stripes by climate scientist Ed Hawkins 39