Quadrise Plc · LSE:QED
Quadrise — Shareholder Meeting (November 2015)
13 slides from Quadrise's shareholder meeting presentation, Nov 27, 2015
Slide 1: 2015 AGM Update
MSAR® - a low cost substitute for heavy fuel oil Power generation, Marine fuels, Refinery refuelling 2015 AGM Update www.quadrisefuels.com 27. 11 . 2015
Slide 2: Chairman's statement quote
“The Company is now more assured of progressing to the prime objective of sustainable commercial multi-source revenues than at any previous time”. Ian Williams Executive Chairman Annual Report and Financial Statements 2015
Slide 3: The transition to operations and revenue: Highlights
“The transition to operations and revenue” Highlights • Marine: Contracts with Maersk & Cepsa to produce Marine MSAR® at San Roque Refinery to supply the seaborne Operational Trial and commence LONO Programme by engine manufacturer in H1 2016. • Saudi: Major ‘production to combustion’ demonstration
Slide 4: Marine MSAR with Mærsk
Marine MSAR® with Mærsk The Market: • 200 million tons p.a. market ($40 bn p.a.) • Increasing emission standards • Intense competition on freight • Fuel is the largest single operating cost Quadrise / Mærsk Milestones: • Marine MSAR®; a cost efficiency & environmental proposition • Extensive Land &
Slide 5: Development & De-risking of Marine MSAR
Development & De-risking of Marine MSAR® Risk Mærsk Joint Land based Soroe Mærsk Development marine Seaborne Land based Manufacture Agreement engine tests trial Seaborne LONO supply RTX4 of Marine 2010 2012 Proof of contracts signed Operational Trial 2-stroke MSAR®2 at Mærsk / QIL Concept & Operatio
Slide 6: Marine MSAR - Next Steps
Marine MSAR® - Next Steps Operational Trial (Mærsk & Cepsa): • Cepsa (Compañía Española de Petróleos, S.A.U.) is an integrated energy company 100% owned by IPIC (the Abu Dhabi sovereign wealth fund) • One 6,000 BPD MSAR® system is to be installed at the 240,000 BPD Gibraltar San Roque Refinery (Ceps
Slide 7: Saudi Arabia: MSAR Production & Oil Substitution
Saudi Arabia: MSAR® Production & Oil Substitution The Market: • One of the highest global energy consumers per capita • Oil imports are subsidised for the domestic market • Fuel mix for power*: Gas 32%, Crude 44%, HFO 13%, Diesel 11% • Total oil use for power generation is currently ~30 mtpa • +12 m
Slide 8: Saudi Arabia: MSAR Production & Oil Substitution
Saudi Arabia: MSAR® Production & Oil Substitution 400MWe Demonstration Trial (Quadrise / Rafid / Refinery / Utility): • West coast targets established: • Major integrated JV refinery complex with nearby utilities supply • Largest oil-fired power generation facility in region • Scope of demonstration
Slide 9: Other Projects
Other Projects Refinery Power & Steam Refuelling • Pilot at mid-sized refining company • Approval received for detailed design feasibility study (target completion end 2015) • Potential to meet needs of all refinery fuel users • Scope to expand to local domestic power plants and marine YTL PowerSera
Slide 10: Consolidation of Research & Development into UK
Consolidation of Research & Development into UK • Quadrise Research Facility (QRF) UK – Recently Expanded Product development to enhance economics & efficiency Fuel emulsion testing from lab to industrial scale Central service centre for operations support • University of Surrey – Research Collabora
Slide 11: …better placed than ever before
“…better placed than ever before” • Industry game-changer with sound fundamentals • Huge international market • Partnering with major world class industry players • Uniquely experienced & expanded management team • Technically verified & commercial potential demonstrated • Limited competition Clear
Slide 12: www.quadrisefuels.com
www.quadrisefuels.com 27. 11 . 2015
Slide 13: The economic case for MSAR is resilient to low crude oil prices
The&economic&case&for&MSAR®&is&resilient&to&low&crude&oil&prices The&economics&of&MSAR®&are&therefore& driven&principally&by&the&“spread” in&refinery& Heavy&Fuel&Oil&(HFO)&and&Gasoil&(MGO)&values&and¬&the&absolute&crude&oil&price. During&the&last&4&years&the&~$200N400/mt range&has&supported&the&M