Pyrum Innovations AG · XETR:PYR
Pyrum Innovations — H1 2023 Earnings Presentation
23 slides from Pyrum Innovations's earnings presentation, 2023
Slide 1: Pyrum Innovations AG Half Year Report 2023
Pyrum Innovations AG Pyrum Innovations AG Half Year Report 2023
Slide 2: Disclaimer
Disclaimer This presentation contains statements about future developments based on current expectations, assumptions, estimates and predictions by management and on information currently available. Various known and unknown risks, unforeseeable developments, changes in the economic and political en
Slide 3: Global End-of-Life-Tire (ELT) market accounts for approx. 30.9 mt p.a.
Global End-of-Life-Tire (ELT) market accounts for approx. 30.9 mt p.a. … as the tightening of tht regulatory environment forces countries and corporates to take action Global ELTs in 2019 Tightening regulatory environment Kuwait’s tire graveyard with over 7 million dead tires is frequently on fire L
Slide 4: Pyrum offers patented technology with strong value proposition
Pyrum offers patented technology with strong value proposition… … converting rubber into several high value chemical products – thermolysis oil, carbon and gas How Pyrum creates value NEW NEW 4
Slide 5: Our history in short
Our history in short Key milestones Phase 4: Industrial Phase 2: Industrialisation Phase 3: Problem Solving Phase 1 : Prototype Production Phase5: Roll – Out and new Constuction 1ST Industrial Solving all the issues of a new developments Scale 1:3 Building and testing Beginning of 24/7 operation Pla
Slide 6: The last important Milestone to close the loop: rCB
The last important Milestone to close the loop: rCB No rCB can be sold to the market without those certificates Usually it takes years to get all these certificates • Received certificates in the last 12 months: • Ecovadis: Silver Status • VDA 6.3: Continental, Pirelli, Hankook, Mercedes, BMW • ISCC
Slide 7: LCA: Life Cycle Assessment
LCA: Life Cycle Assessment Results better than expected Explanation LCA graph Fraunhofer • The LCA has been made by Fraunhofer Institute between May and September 2022 • The results come from the Pyrum pyrolysis process only and cannot be compared to other pyrolysis processes • Comparison of the CO2
Slide 8: Dillingen plant was one industrial production line for end-of-life-tires
Dillingen plant was one industrial production line for end-of-life-tires… … and has been running on industrial scale since May 2020 with commercial sales Overview of the operational unit1 Comments 1 Feedstock (end-of-life-tires) and shredding unit: granulating whole tires and separating rubber fro
Slide 9: Dillingen plant consists today of 3 industrial production lines
Dillingen plant consists today of 3 industrial production lines for end-of-life-tires… … and here we have the two new lines at the Headquarter in Dillingen/Saar called TAD 2+3 Overview of the new operational unit1 Comments 1 Feedstock (end-of-life-tires) and shredding unit: granulating whole tires
Slide 10: Building Site of Pyrum Unit 2 and 3 in Dillingen
Building Site of Pyrum Unit 2 and 3 in Dillingen Sky view impressions Status quo lines 2 + 3 (10.07.2023) 1 year ago 10
Slide 11: Building Site of Pyrum Unit 2 and 3
Building Site of Pyrum Unit 2 and 3 Impressions New Power Plant and Pyrolysis Unit Details about Pyrum Unit 2 and 3 • Start of Building : November 2021 • Size of Building site: 8.000 m² • Production Capacity: up to 6 Tons of used tires per hour (10.000 tires per day) • Finished Parts of the Consturc
Slide 12: Pyrum roll out plan for the next years
Pyrum roll out plan for the next years… … many projects are far advanced or have already been started Pyrum’s roadmap Project General Terms Contract / Pre- Building site Authorisation in Operative Company Country Partner/Site 20% Capital secured Nr. agreed Contract signed secured process created SPV
Slide 13: Real applications of circularity
Real applications of circularity … areas of use that are already in operation VAUDE Outdoor Equipment and Clothing Source: https://www.vaude.com/de-DE/Herren/Beliebt-Neu/Altreifen-Recycling/ Source: https://www.vaude.com/de-DE/Herren/Beliebt-Neu/Altreifen-Recycling/ 13
Slide 14: Real applications of circularity
Real applications of circularity … areas of use that are already in operation Schwalbe Recycing System and „THE GREEN MARATHON“ • Already 2.100 bike stores in Germany are participating = almost 1/3 of German market. • The first 100% Pyrum rCB tire was released at EUROBIKE in June 2023 14
Slide 15: Real applications of circularity
Real applications of circularity … areas of use that are already in operation Mercedes-Banz door handles Source: Mercedes Benz Group AG 15
Slide 16: Real applications of circularity
Real applications of circularity … areas of use that are already in operation Continental Tires since September 2023 • Solid tires from Continental’s tire plant in Korbach now contain recovered carbon black from end-of-life-tires • By 2050 at the latest, Continental aims to use 100 percent sustainab
Slide 17: Research & Development
Research & Development Result overview from ongoing projects Creating of a high quality rCB for the implementation into new tires: Ideal feedstock composition Optimized pyrolysis process conditions Optimized rCB refining process conditions Application and tests in tire compounds Goal: Quality level
Slide 18: Research & Development
Research & Development Result overview from completed projects Funded by Bicycle tire Fahrradreifen recycling Recycling CFRP Recycling Funded by Project: Infinity The project aims at creating, developing, and optimizing a full value chain: Setup of the first collection system for bicycle tires Optim
Slide 19: Pyrum Consolidated Income Statement first half of 2023 Financial Year
Pyrum Consolidated Income Statement first half of 2023 Financial Year Overview KPI HY 2023 HY 2022 ∆ EUR PL ∆ % PL Revenues 501 485 16 3.26% Increase/decrease of finished goods 40 216 -176 Other own work capitalised 7,613 8,495 -882 -10.38% Total output 8,155 9,197 -1,042 -11.33% Other operating inc
Slide 20: Pyrum Consolidated Balance Sheet (short) as of 30 June 2023
Pyrum Consolidated Balance Sheet (short) as of 30st June 2023 Share in capital TEUR HY 2023 2022 30 June 2023 Non-current assets Non-current intangible assets 6,089 6,492 12.5% Property, plant, and equipment 35,835 28,759 73.3% Non-current financial assets 32 37 0.1% 41,956 35,288 Current assets Inv
Slide 21: Attractive plant economics is the enabler for the rapid roll-out
Attractive plant economics is the enabler for the rapid roll-out Estimated plant economics – operating at 20,000 tonnes p.a. capacity Pyrum targets more than 20 plants in the long-term • Roll out partners and investors: 1 Total revenues, end-products and gate fee EUR ~ 11.5 m • Unitank Gate fee EUR
Slide 22: Outlook for the rest of the year 2023
Outlook for the rest of the year 2023 Pyrum`s shortterm focus I Warm ramp up of the new plants (TAD 2 and TAD 3) in Dillingen Preparation of approval documents for the planned own operated plant in Homburg and II for the partner in Greece & start of prep work for up to two more SPV-plant sites III I
Slide 23: Investment highlights
Investment highlights Pyrum addresses global environmental problems with revolutionary scalable technology Addressing the global tire waste problem with a patented pyrolysis solution, recycling I rubber into high value products – oil, carbon, gas The Dillingen Plant running on an industrial scale si