Thorney Technologies Limited · ASX:TEK
Thorney Technologies — Australian Renewable Fuels — Shareholder Meeting (November 2012)
15 slides from Thorney Technologies's shareholder meeting presentation, Nov 29, 2012
Slide 1: 2012 Annual General Meeting Presentation cover letter
AUSTRALIAN RENEWABLE FUELS LIMITED ABN 66 096 782 188 Level 5, 409 St Kilda Road Melbourne VIC 3004 TEL: +61 (3) 9981 0010 FAX: +61 (3) 9981 0020 29 November 2012 www.arfuels.com.au The Manager ASX Market Announcements Australian Renewable Fuels Limited (ASX:ARW) 2012 Annual General Meeting Presenta
Slide 2: Chairman's Address
Chairman’s Address At the AGM this time last year I asked that you continue to support the Company while the new management team and Board were given the opportunity to show what they were capable of. Seeing the number of familiar faces here today I am very pleased that so many of you accepted the i
Slide 3: Annual General Meeting
ANNUAL GENERAL MEETING 29 November 2012 1
Slide 4: Company Update
Company Update • Highlights / Challenges • Operations Overview • Sales • Production • Feedstock • Financial results 2
Slide 5: Highlights
Highlights • BPL business fully integrated • Sales averaging $4 million per month, 2012 = $38+ million • Production over 3.5 3 5 million litres per month • Export sales to the USA of ~ 12 million litres • Cash ppositive result for the second half of FY2012 • Second half of FY2012 financial result su
Slide 6: Challenges
Challenges • Fire at Largs Bay plant • Restitution works now complete and commissioning underway • Insurance fully covered cost of rebuild • Sales from Picton slow • Infrastructure required ‐ project for biodiesel storage and blending facility underway – completion targeted April 2013 • Recycled Mil
Slide 7: Sales Strategy
Sales Strategy • ARF ARF’ss sales program is built on: • Domestic Sales • Major fuel suppliers such as the oil majors who use B5; and • Mining and transport companies who use B20.B20 • Oil Majors contracted for 40 – 50 mL p.a. of the Vic plant • Discussions in progress with the oil majors; WA and SA
Slide 8: Sales Strategy
Sales Strategy •Demand continues to grow assisted by Government Policy • Federal and State • Cleaner Fuels Grant extension to 2021 • Carbon Tax provides Biodiesel with a financial advantage • NSW Mandate – 2% biodiesel inclusion from 2010 • VIC Government Grant ‐ $2m to support construction of Biodi
Slide 9: ARfuels Sales
ARfuels Sales 7 *Unaudited figures
Slide 10: ARfuels Production
ARfuels Production 8 *Unaudited figures
Slide 11: ARfuels Financials
ARfuels Financials Year Ended 30 6 Months To 31 6 Months To 30 3 Months to 30 June 2012 December 2011 June 2012 September 2012 R Revenue 38 297 052 38,297,052 13 912 050 13,912,050 24 385 002 24,385,002 15 032 683 15,032,683 EBITDA (3,536,332) (3,487,325) (49,007) 1,311,039 Net Profit (Loss) After T
Slide 12: ARfuels Progress and Immediate Priorities
ARfuels Progress and Immediate Priorities • FY2012 – a transformative t f ti year • Integration of BPL • Cash positive second half from low capacity utilisation • Sales volume of 32+ million litres; revenue of $38+ $ million • New Board and Management team • Export business established • Business ha
Slide 13: WWM proposal
WWM proposal • Merger Implementation Agreement executed by ARW and WWM Boards • Pre Bid Acceptance Agreements for 19 Pre‐Bid 19.4% 4% of WWM shares complete • Provides a cash injection of $14 million to ARfuels • This provides Thi id funding f di for f growthth – working ki capital it l and d capex
Slide 14: Disclaimer
Disclaimer Disclaimer: This document was prepared by Australian Renewable Fuels Limited. This document contain statements that involve risks and uncertainties. These statements are not guarantees of Australian Renewable Fuels Limited future performance and involve a number of risks and uncertainties
Slide 15: Australian Renewable Fuels Limited
AUSTRALIAN RENEWABLE FUELS LIMITED www.arfuels.com.au 7
Australian Renewable Fuels — Shareholder Meeting (November 2012) on 6ix