Slide 1: Investor Presentation
Exhibit 99.1 Investor Presentation August 2014 www.advancedemissionssolutions.com
Slide 2: Safe Harbor
SAFEHARBOR This presentation includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a "safe harbor" for such statements in certain circumstances. The forward-looking statements include statements or expectations regarding future c
Slide 3: Who We Are
WHO WE ARE A family of companies that has been providing emission control solutions to the power industry for more than 30 years Portfolio of proprietary, low CAPEX technologies to meet pollution control mandates. 20 USpatents issued or allowed Customers include most of the leading electric power co
Slide 4: Portfolio of Emissions Control Solutions
PORTFOLIO OF EMISSIONS CONTROL SOLUTIONS ACI System ACI System for Mercury Control Boiler DSI System Coal Pile Refined Coal- $0 cost to utility ACI/DSI- $1-$3M in capex M-Prove TM Technology ~$100k Large E&C Scrubber, SCR- $100M+ capex, $1-$4/ton reduced firms in capex compliance cost © 2012-2014 Ad
Slide 5: Near-term growth opportunities
Near-term growth opportunities Mercury Control (MATS) Refined Coal MATS rule took effect in 2012, compliance by 2015-2016 Clean Coal Solutions (CCS) 42.5% ADA-ES 42.5% NexGen Equipment Compliance 15% Goldman Sachs 28 RC facilities qualify for Customers ordering and MATS to create annual Section 45 T
Slide 6: Policy & Regulatory Update
POLICY & REGULATORY UPDATE Mercury and Air Toxics Standard (MATS) created a market for two ADES Products Activated Carbon Injection (ACI) systems for mercury control sold by ADA-ES Dry Sorbent Injection (DSI) systems for control of acid gases sold by BCSI April 15, 2014- The U.S. Court of Appeals fo
Slide 7: Near Term - MATS Equipment Market
NEAR TERM - MATS EQUIPMENT M ARKET EPA’s Mercury and Air Toxics Standards (MATS) driving market for equipment used to comply Total MATS equipment ~$900M, slightly lower than prior estimates due to increased plant retirements and non-sorbent injection solutions rd ADES operating companies expect to m
Slide 8: MATS Equipment Awards Won by ADA & BCSI
MATS EQUIPMENT AWARDS WON BY ADA & BSCI © 2012-2014 Advanced Emissions Solutions, Inc. -8-
Slide 9: Emissions Control Solutions
EMISSIONS CONTROL SOLUTIONS ACI Systems Powdered Activated Carbon reduces mercury emissions in the flue gas Equipment DSI Systems Dry alkaline sorbents injected in flue gas for SO2 and acid gas control M-Prove TM Technology M-Prove TM technology Compliance Optimization technology Flue Gas Conditioni
Slide 10: Emission Control - Compliance Market
EMISSION CONTROL—COMPLIANCE M ARKET April 2015/2016 MATS deadlines to drive market for compliance services, including a $1 to $2 billion annual market for consumables ADES operating companies offerings to include: Chemicals M-Prove TM technology RESPond TM flue gas conditioning technology Optimizati
Slide 11: Refined Coal
REFINED COAL Clean Coal Solutions Ownership Structure GOLDMAN SACHS 15% ADES 42.5% NEXGEN 42.5% Section 45 of the Internal Revenue Code offers $6.60/ton in tax credits for the production of pollution mitigating RC through 2021 Qualifying RC facilities must reduce mercury by 40+% and NOx by 20+% and
Slide 12: Typical Steps to Full-Time RC Facility Operations
T YPICAL STEPSTO FULL-TIMERCFACILITY OPERATIONS Initiate discussion with utility Sign Non-Disclosure Agreement Begin discussions with utility (senior leadership, legal, financial, environmental, plant managers, coal suppliers, ash brokers, etc.) Get go-ahead from the utility (this is different from
Slide 13: Outlook for RC Facilities
OUTLOOK FOR 28 RC FACILITIES Expect to treat more than 100MT/yr with 28 RC facilities Most RC facilities to be in full-time operation by year end 2014, all by 1H2015 Expect approximately 15% of capacity to be CCS-operated to generate tax benefits Full-Time Operations Road Map RC facilities in full-t
Slide 14: RC facilities with known locations and in discussions
RC facilities with known locations One RC facility where permanent installation work is underway at the power plant Four RC facilities where permanent installation work is expected to begin in 3Q 2014 Three RC facilities where permanent installation work is expected to begin in 4Q 2014 One RC facili
Slide 15: What's Next
WHAT’S NEXT Help our clients meet new regulations Greenhouse Gases Coal Combustion Residuals Effluents Guidelines Advancing Cleaner Energy New emissions regulations on the gas industry © 2012-2014 Advanced Emissions Solutions, Inc. -15-
Slide 16: CO2 Capture Development
CO2 CAPTURE DEVELOPMENT Developing proprietary solid sorbent capture technology to capture CO2 from flue gas in conventional coal-fired boilers DOE and industry funding: Phase I — $3.8 million, R&D at 1 KWe scale, completed in 2011 Phase II — $22.6 million contract to validate technology at 1 MWe sc
Slide 17: New Regulations Pending
NEW REGULATIONS PENDING Coal Combustion Residuals Regulation (CCR) Draft rule in June 2010, final rule expected in 2014 Steam Effluent Limitation Guidelines (ELG) Sets the first federal limits on the levels of toxic metals in wastewater discharges from steam electric power plants Draft rule in 2013
Slide 18: Key Takeaways
KEY TAKEAWAYS RC opportunities expected to provide substantial growth in revenues, profits and cash flows; consistent revenue streams through 2021 Upcoming MATS compliance requirements are driving significant near-term market for equipment Consumables and services to assure compliance expected to pr
Slide 19: Financial Update
FINANCIAL UPDATE The Company continues with its accounting review and expects to file the 2013 Form 10-K in or around the fall of 2014 Additional Actions: Appointed Chief Accounting Officer (April 2014) Retained FTI Consulting to assist with the accounting review process and implementation of change
Slide 20: Appendix
APPENDIX © 2012-2014 Advanced Emissions Solutions, Inc.
Slide 21: Corporate Structure
CORPORATE STRUCTURE Operating Companies BCSI, LLC ADA-ES, Inc. Clean Coal Solutions, LLC 100% owned ADES 100% owned ADES 42.5% owned ADA-ES, Inc. © 2012-2014 Advanced Emissions Solutions, Inc. -21-
Slide 22: Coal and US Electricity Generation
COAL AND US ELECTRICITY GENERATION 2012: lowest power demand since 1987, natural gas prices reach a low of $1.91/MM/btu- 2012 average of $2.77/MMbtu Source: EIA © 2012-2014 Advanced Emissions Solutions, Inc. -22-
Slide 23: Mercury Control - 15 Years in the Making
MERCURY CONTROL- 15 YEARS IN THE MAKING EPA issues final EPA Mercury Air determines it EPA proposes Toxic Standards necessary to new rule to (MATS) EPA issues regulate Clean Air replace the mercury Mercury Rule vacated CAMR 2000 2005 2008 2009 2011 2012 2015/16 EPA issues draft Technology of Mercury
Slide 24: ACI Market Share
ACI MARKET SHARE Boilers Treated by ACI Systems ADES Clyde Bergemann-EEC Norit Source: Institute of Clean Air Companies, May 2013. © 2012-2014 Advanced Emissions Solutions, Inc. -24-
Slide 25: ADA Standard ACI System
ADA STANDARD ACI SYSTEM Bin Vent Filter Man-door with PRV Level Transmitters PAC Storage Module Process Equipment Module © 2012-2014 Advanced Emissions Solutions, Inc. -25-
Slide 26: Refined Coal: Introduction & Overview
REFINED COAL: INTRODUCTION & OVERVIEW The American Jobs Creation Act of 2004, Section 45 of the IRC: contains provisions to incentivize the production of pollution mitigating Refined Coal (RC)via annually escalating tax credits per ton of coal burned. RC reduces mercury by 40%+ and NOx emissions by
Slide 27: Refined Coal Photographs
REFINED COAL PHOTOGRAPHS © 2012-2014 Advanced Emissions Solutions, Inc. -27-
Slide 28: Contacts
CONTACTS Graham Mattison Vice President, Investor Relations (720) 889-6206 graham.mattison@adaes.com Michael D. Durham, Ph.D., MBA President & CEO Mark H. McKinnies SVP & CFO © 2012-2014 Advanced Emissions Solutions, Inc. -28-