Quadrise Plc · LSE:QED
Quadrise — Shareholder Meeting (November 2019)
17 slides from Quadrise's shareholder meeting presentation, Nov 29, 2019
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 29 November 2019
Slide 2: 2019 MSAR® Business Overview
2019 MSAR® BUSINESS OVERVIEW 29 November 2019
Slide 3: The Impact of IMO 2020 0.5%S Marine Fuel Rules
THE IMPACT OF IMO 2020 0.5%S MARINE FUEL RULES A LARGE REDUCTION IN MARINE DEMAND FOR HIGH SULPHUR FUELS IN 2020… 2018 FUEL OIL DEMAND*: 2020 FUEL OIL DEMAND*: Bunker fuel demand Bunker fuel demand = 4.2 Million BPD… = 4.3 Million BPD… • 3.1 M BPD HSFO • 1.3 M BPD HSFO • 0.2 M BPD LSFO • 1.5 M BPD L
Slide 4: The Impact of IMO 2020: Opportunities and Challenges
THE IMPACT OF IMO 2020 0.5%S MARINE FUEL RULES FOR QUADRISE, OPPORTUNITIES BUT ALSO CHALLENGES… OPPORTUNITIES: CHALLENGES: ✓ Reduced demand for marine fuel oil and One of the largest oil demand shifts in increased demand for distillates further history driven by global regulations. improves MSAR®
Slide 5: MSAR® – Energy Cost Savings to Consumers
MSAR® – ENERGY COST SAVINGS TO CONSUMERS 400MWe POWER PLANT BOILER VLCC TANKER consuming 600,000 tpa HFO: consuming 16,000 tpa HFO: MSAR® saving vs HFO MSAR® saving vs HFO $15m per year * $0.4m per year * CAPEX <$5m modifications. CAPEX <$0.4m modifications. * assuming $25/mt HFO (10%) equivalent en
Slide 6: MSAR® – Environmental Advantages
MSAR® – ENVIRONMENTAL ADVANTAGES Stored & transported at Lower combustion Virtually complete ambient temperatures temperatures carbon burnout Less heating = Less heating = Minimal black soot energy savings more energy savings P Reduction in global P Reduction in P 20-30% less NOX warming potential u
Slide 7: Business Development Pipeline – 2018 AGM
BUSINESS DEVELOPMENT PIPELINE – 2018 AGM QFI AGM - 29th November 2019 7
Slide 8: Business Development Pipeline – 2019 AGM
BUSINESS DEVELOPMENT PIPELINE – 2019 AGM QFI AGM - 29th November 2019 8
Slide 9: Business Development Pipeline - Americas
BUSINESS DEVELOPMENT PIPELINE - AMERICAS FREEPOINT COMMODITIES • Initial MoU in July 2018, leading to CMPDA in November 2018. • Update: Various opportunities jointly investigated during 2019, the main focus being Americas and Russia supply to Europe/ME. • Effected introduction to Aleph for opportuni
Slide 10: Business Development Pipeline - Europe
BUSINESS DEVELOPMENT PIPELINE - EUROPE EUROPEAN OIL MAJOR • MoU and MSAR® test programme signed November 2018. • Supply study completed, main focus now large customers (boilers + scrubbers). • Issues with client’s new refinery unit operations and associated fuel sampling. • Remains an opportunity, p
Slide 11: Business Development Pipeline - Africa
BUSINESS DEVELOPMENT PIPELINE - AFRICA YOUNES MAAMAR (MOROCCO) • Previously with AES and CEO of Morocco state electricity utility (ONEE). • Representation agreement signed March 2019. • Has proved to be effective in the target market, fine tuning targets and expediting client meetings in Morocco. •
Slide 12: Business Development Pipeline – Middle East
BUSINESS DEVELOPMENT PIPELINE – MIDDLE EAST HAWAZIN, ALEPH (KUWAIT) • Services agreement with Aleph Commodities February 2019. • Agency agreement & MoU with Hawazin in May. • Meetings during 2H’19 with refinery and petrochemical client teams demonstrated a new internal fuel opportunity for MSAR®, cu
Slide 13: Business Development Pipeline – Russia & Upstream
BUSINESS DEVELOPMENT PIPELINE – RUSSIA & UPSTREAM BITUMINA (RUSSIA/EASTERN EUROPE) • MoU in March 2019. • Provides access to residual streams from Russia & access to terminals. • Refinery supply economics subject to (changing) Russian export tax. • Needs a large consumer to commit to offtake during
Slide 14: Business Development Pipeline – Asia
BUSINESS DEVELOPMENT PIPELINE – ASIA JGC (JAPAN) • MoA since November 2017. • Largest Japanese EPC contractor. • Global EPC activities. • Regular meetings in Japan. • Update: Potential upgrading / fueling project in Japanese refinery under investigation. API POLY-GCL (CHINA) • MoU in May 2019. • Chi
Slide 15: Business Development Pipeline - Summary
BUSINESS DEVELOPMENT PIPELINE - SUMMARY • Material progress in broadening QFI’s business development pipeline during 2019. • New partners are incentivised to progress opportunities at pace and on commercial terms aligned with increased QFI shareholder value on success. • Has provided QFI with signif
Slide 16: Research, Development & Innovation (RDI)
RESEARCH, DEVELOPMENT & INNOVATION (RDI) SURFACE CHEMISTRY • New global 3-year exclusive agreement. • Supply of goods (additives) and services. • Joint protection of IP – two patents close to final grant at national phase. • New opportunities for more active joint project development recently discus
Slide 17: MSAR® Business Summary
MSAR® BUSINESS SUMMARY Building on strong foundations made during 2019: • Core MSAR® economics strengthened by IMO 2020 regulations – though it is also creating some bottlenecks and alternative options for clients. • New agreement in Africa - pilot project for Morocco client now underway. • New rela