Pyrum Innovations Ag · XETR:PYR
Pyrum Innovations — H1 2024 Earnings Presentation
17 slides from Pyrum Innovations's earnings presentation, Sep 27, 2024
Slide 1: Pyrum Innovations AG 1st Half Year Report 2024
Pyrum Innovations AG 1st Half Year Report 2024 Pyrum Innovations AG
Slide 2: Disclaimer
Disclaimer This presentation contains statements about future developments that are 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 pol
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 tightening regulatory environment forces countries and corporates to take action Global ELTs Market comparison 2024 to 2030 (estimations Pyrum) Tightening regulatory environment Worldwide annual volume of end-of-life tires:
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 Micro turbines Gas washer Vaporized water New power alternative Pyrum oil 250 kg/h 4
Slide 5: Newly developed Power System
Newly developed Power System First build and operated in TAD 2 & 3 Power engines based on gas combustion motors from MAN The „New“ power system based on micro turbines Advantages: Advantages: • In operation at Pyrum since 2015 (test) and since 2020 in 24/7 operation • Little maintenance costs as tur
Slide 6: News and Facts on TAD 2 & 3
News and Facts on TAD 2 & 3 Pyrum TAD 2 & 3 (New serial units in Dillingen) Production details week by week since January 2024* CW 1 2 3 4 5 6 7 8 9 10 11 12 13 • Ramp up start of TAD 2 in January 2024 1 − Ramp up to 80% daily capacity in only 6 days! 2 • Ramp up start with TAD 3 since June 2024 3 −
Slide 7: News and Facts on TAD 2 & 3
News and Facts on TAD 2 & 3 Top view Status quo TAD 2 & 3 Eldan Shredder: 6 to/h tyre input = 600 car tyres/h Pyrum Reactors 2&3 725 kg/h per reactor Gas Turbines: 5 turbines with 150 kW/e each Exhaust Gas Washer: including water treatment Hosokawa Mill and Pelletizer: 1,650 kg/h input capacity Oil
Slide 8: Important Milestones in 2024
Important Milestones in 2024 New Pyrum Plant in Perl/Besch Facts Milestones Plant Preview • Size of building site: 25,000 m² • Amendment of the development plan in Perl- • Annual tyre capacity: 20,000 tons Besch in only 5 months! − Successful transformation to „Industrial • Units build: Area“ in a r
Slide 9: Important Milestones in 2024
Important Milestones in 2024 Guaranteed Input of Tyres and Offtake of rCB! Offtake Agreements Systems already in place End-of-life tyre input guarantees • New offtake agreement for rCB signed in July 2024, • New Continental rCB contract contains clear Key facts of this contract: commitments to deliv
Slide 10: 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 Pyrum was transformed from a Start-Up to a certified Automative supplier in 1 year! • Received certificates: • Ecovadis: Silver Status • VDA 6.3: Continental, Pirelli, Hankook, Mercedes, B
Slide 11: Important Milestones in 2024
Important Milestones in 2024 New Plants all arround Europe! Map of running projects Key Facts Projects • Projects in pipeline: > 20 • Started projects: 9 • New projects in 2024: 4 • Number of countries: 6 countries • Permitting in progress: 7 projects Business numbers of all 9 started projects: • Re
Slide 12: Extensive project pipeline due to attractive framework conditions
Extensive project pipeline due to attractive framework conditions Demand is higher than capacity; projects are partly far advanced or have been started procedurally Project status Project General Terms Contract / Pre- Building site Authorisation in Operative Company Country Partner/Site Capital part
Slide 13: Attractive plant economics is the enabler for the rapid roll-out
Attractive plant economics is the enabler for the rapid roll-out Due to NDAs we cannot give exact prices for end products Estimated plant economics – operating at 20,000 tonnes p.a. capacity Roll Out breakthrough: 1 Total revenues, end-products and gate fee EUR ~ 17.5 m NEWS: NEW CONTRACT WITH BASF
Slide 14: Consolidated income statement for the first half of 2024
Consolidated income statement for the first half of 2024 Results overview 1 Jan. - 1 Jan. - 30 Jun. 2024 30 Jun. 2023 KPIs in kEUR ∆ kEUR PL ∆ % PL Revenues 708 501 165 41,32% Increase of finished and unfinished goods 215 40 175 Other own work capitalised 3.614 7.613 -3.999 -52,53% Total output 4.53
Slide 15: Pyrum consolidated balance sheet (condensed) for the first half-year 2024
Pyrum consolidated balance sheet (condensed) for the first half-year 2024 Overview 15
Slide 16: What are the next steps and priorities?
What are the next steps and priorities? Key Goals and Milestones A clear pathway forward is essential PRIORITIES NEXT STEPS TIMELINE TAD 2 & 3 have to prove 100% operation and 1.000 operating hours (asked by most banks, funds, investors) Q4 2024 Get access to funds to finance the second half Technic
Slide 17: Thank you for your attention
Thank you for your attention Have a great day! 27.09.2024 | Pyrum Innovations AG