Environmental Clean Technologies Limited · ASX:ECT
Environmental Clean Technologies — Shareholder Meeting (December 2019)
25 slides from Environmental Clean Technologies's shareholder meeting presentation, Dec 13, 2019
Slide 1: 2019 AGM Chairman's Address and Company Presentation
2019 AGM Chairman’s Address and Company Presentation Welcome Fellow Shareholders, 2019 has been a very a challenging year for ECT, requiring board & management to make deep and dynamic changes to our commercialisation, revenue and resource strategies. We started the year cautiously optimistic of del
Slide 2: Chairman's Address (continued)
well as serving as an ongoing test facility for the Matmor India project and further technology development of CDP and COHGen. As we know, the India project didn’t proceed and as at 4th of September, the company released an update to its corporate strategy of targeting operational earnings, underpin
Slide 3: Chairman's Address (continued) and About ECT
raising initiative for the year and allow us to direct our efforts towards core business activities. The current non-renounceable entitlement issue prospectus replaced the prior renounceable rights issue prospectus for which we received applications and commitments for ~$1.8m. As explained in prior
Slide 4: ECT (ASX:ECT) business structure
ECT ECT Aust. Business ECT India R&D HVTF Sales (ASX:ECT) Finance Projects Develop. 4
Slide 5: Annual General Meeting
Annual General Meeting December 2019 “Bridging the gap between today’s use of resources and tomorrow’s zero-emissions future”
Slide 6: Disclaimer
Disclaimer Environmental Clean Technologies Limited (“ECT” or “the Company” ) has taken all reasonable care in compiling and producing the information contained in this presentation. The Company will not be responsible for any loss or damage arising from the use of the information contained in this
Slide 7: Chairman's Address
Chairman’s Address December 2019 “Bridging the gap between today’s use of resources and tomorrow’s zero-emissions future”
Slide 8: Activities
Activities NLCIL approve RCA CDP-WTE acquisition Board & Exec MOU extended changes announced Steam & Boiler Services Division Fire announced Nov Dec Jan Feb Mar Apr May June Jul Aug Sep Oct ECT rescind MOU BM upgrade plan released ECT Board approves RCA Revised corporate strategy Latrobe Valley proj
Slide 9: Technology Suite
Technology Suite Fundamental Commercial Commercial R&D Bench Scale Test Plant Pilot Plant Demonstration Deployment Fundamental Commercial Commercial Coldry R&D Bench Scale Test Plant Pilot Plant Demonstration Deployment Fundamental Commercial Commercial HydroMOR R&D Bench Scale Test Plant Pilot Plan
Slide 10: Three-Tier Strategy
Three-Tier Strategy • PAST: relied on equity and debt capital raisings, together with Government R&D rebate funding. Continue to pursue project opportunities in India with NLC and other strategic partners, timelines have stretched, change in strategy to focus on cashflows. • PRESENT: Strategy aimed
Slide 11: Commercialisation Pathway
Commercialisation Pathway Technology Fundamental Scale Market Commercial Push R&D Applied R&D Demonstration Development Application Market Pull ECT’s commercialisation strategy is a core part of its business model. Revenue is the goal. • Commercialisation is the process that converts ideas, Supply C
Slide 12: Organisational Re-structure (GF DRAFT)
Organisational Re-structure (GF DRAFT) ECTL Board ECT India ECT Finance Glenn Fozard Head of Operations Ashley Martin Hill Moore CFO Chief Engineer Production Manager Executive Committee AGM Presentation December 2019 | 11
Slide 13: Timetable – Capital Raise
Timetable – Capital Raise Item Time • ECT announces the Entitlement Offer and gives a completed Appendix 3B to ASX. 9 December 2019 • ECT lodges the Prospectus with ASIC and gives a copy to ASX. • Ex-date – Shares trade ex-Entitlement (Ex-Date) 11 December 2019 • Record date to identify eligible sha
Slide 14: Bacchus Marsh Upgrade Program
Bacchus Marsh Upgrade Program December 2019 “Bridging the gap between today’s use of resources and tomorrow’s zero-emissions future”
Slide 15: Char Project and Coldry Capacity Improvements
Char Project and Coldry Capacity Improvements • Earnings target: $2-3 million p.a. EBITDA • Cashflow target timeframe: 12 months • Consistent with tier-1 of the corporate strategy, the Company recently announced (9 October 2019) the proposed upgrades to its Coldry HVTF targeted at: 1. Generating ear
Slide 16: Char Market
Char Market • ECT has assessed a range of markets for potential Coldry sales, with the char market emerging as the most attractive due to a diversity of applications including: • Char feedstock to BBQ briquettes • Carburiser for the steel industry • Soil conditioner for the agricultural sector • ECT
Slide 17: Lignite Handling System
Lignite Handling System • Cover raw lignite stockpile • Moving Floor conveyor for feed • Hammer mill size reduction for fibrous content • Retractable canopy roof • Feed to belt conveyor then into mill • Floor speed controlled by pit level sensor • High capacity hammer mill • Mill fibrous components
Slide 18: Primary Processing System
Primary Processing System • Extrusion System: Install larger capacity mixer, mill & extrusion system • Conditioning System: Multi-deck, larger capacity Conditioning belt within same approximate footprint Multi-deck Mixer, Conditioning Mill & belt system Extruder AGM Presentation December 2019 | 17
Slide 19: Drying System
Drying System Packed Bed Drying System upgrades: • New internal design to improve air flow and lower purchased energy costs • Modified discharge mechanism to allow product discharge flexibility: • Coldry to storage, or • Pellets to Char, or • Both AGM Presentation December 2019 | 18
Slide 20: Char System
Char System New Char kiln & systems • Co-current, refractory lined kiln • Burner for start up • Energy value in the off gas is significant • Product rotary cooler • Refurbished tank for storage & packing AGM Presentation December 2019 | 19
Slide 21: Ancillary Systems
Ancillary Systems Boiler System with optional Co-gen capability: • New combustor for kiln off-gas • 8-10MW gas boiler • Screw expander for electricity co-gen AGM Presentation December 2019 | 20
Slide 22: Coldry – HVTF Upgrade Program
Coldry – HVTF Upgrade Program • The target timeline to reach full production, subject to funding and insurance outcomes, is November 2020: • The upgrade program will also establish the final plant capacity which may exceed 35,000 tonnes per annum, thus giving potential upside to the economics of thi
Slide 23: Coldry – HVTF Upgrade Program
Coldry – HVTF Upgrade Program AGM Presentation December 2019 | 23
Slide 24: Plant Upgrade Objectives
Plant Upgrade Objectives New & upgraded plant & equipment targeting: • Increase Coldry Production capacity to 25kmt/yr • 20kmt for Char, 5kmt for boiler fuel • 55kmt raw lignite required • TARGETING ~$1M revenue pa & ~$250k EBITDA pa Produce char from Coldry pellets for BBQ briquettes, carburiser an
Slide 25: Thank you.
Thank you. Jim Blackburn Chief Operating Officer, Director Ashley Moore Group Chief Engineer, Director Glenn Fozard Executive Chairman
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