Parkway Corporate Limited · ASX:PWN
Parkway Corporate — Potash West NL — Shareholder Meeting (December 2011)
21 slides from Parkway Corporate's shareholder meeting presentation, Dec 5, 2011
Slide 1: Amended Annual General Meeting Presentation
Suite 3 23 Belgravia Street Belmont WA 6104 PO Box 588 Belmont WA 6984 Telephone: +61 (0) 8 9479 5386 ACN 147 346 334 Fax: +61 (0) 8 9475 0847 info@potashwest.com.au www.potashwest.com.au 2 December 2011 COMPANY ANNOUNCEMENT Company Announcements Office Australian Securities Exchange Limited Electro
Slide 2: Disclaimer
Disclaimer Disclaimer This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. N
Slide 3: Disclaimer
Disclaimer Disclaimer This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. N
Slide 4: Disclaimer
Disclaimer This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement
Slide 5: Investment Highlights
Investment Highlights • Exposure to the booming potash business • Potash West dominates tenure in one of the world’s largest known glauconite deposits • Significant resource potential • Ready market on doorstep • Glauconite deposits are recognized as a potential potash feed stock • High extraction p
Slide 6: Fertiliser Business
Fertiliser Business •Three elements are needed in 10’s and 100’s of Kg per hectare: • N, Nitrogen • P, Phosphorous • K, Potassium •Not interchangeable ACN 147 346 334 •Different Crops different ratios of each •Fertiliser blenders mix products for Effect on corn crops region, from bulk raw materials:
Slide 7: Population Dynamics
Population Dynamics 10 Population (Billions) LHS 0.45 9 Arable Land per person (hectares) RHS 0.4 8 0.35 7 0.3 6 Population, B Arable Land 0.25 5 ACN 147 346 334 0.2 4 0.15 3 2 0.1 1 0.05 0 0 1960 1970 1980 1990 2000 2010 2020 F 2030 F 2040 F 2050 F Effect of K on corn
Slide 8: Potash Usage Rates
Potash Usage Rates Kg KCl per hectare Bananas Sugar Cane ACN 147 346 334 Tomatoes Oil Palm Corn Wheat Effect of K on rice Rice Soybeans 0 500 1000 1500 2000 2500 3000
Slide 9: Potash Marketplace
Potash PotashMarketplace Marketplace • Demand Growth driven by China and India • Both countries +8% CAGR over 15 years to 2008 • Now ~ 50% of traded potash is China/India • Traded Potash $20 billion pa GFC ? • Supply dominated by Canada, Russia and Belarus (+65%) • •
Slide 10: Potash Production and Sales by Region
=F pow uA Potash Production and Sales by Region Million tonnes ~ £ OF Gi ny ° Pi @™ World potash production: Mi) World potash sales: ee 2007: 57.8 million t 2007: 58.7 million t and low grace potash 2006: 50.9 million t 2006: 50.7 millior t Sources IFA, K+S
Slide 11: Price of Potash, US$/t, FOB Vancouver
Price of Potash, US$/t, FOB Vancouver 1000 900 800 700 600 500 400 300 200 100 0 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Source: Potashcorp Sept 2011
Slide 12: The Board
The The Board Board Adrian Griffin – Chairman • Mine production and corporate management, • Ex CEO Dwyka Minerals, founding director of Washington Resources, Ferrum Crescent and Northern Minerals, MD Midwinter Resources Patrick McManus– Managing Director • Industrial minerals specialist. Rio Tinto,
Slide 13: Aggressive Work Programme
Aggressive Aggressive Work Work Programme Programme Infill resource Resource drilling drilling starts Resource defined, Scoping Study process Completed Stratigraphic route drilling identified commences Process testwork commences, mapping for target areas ASX Listing March ‘11 June ‘11 Sept ‘11 Dec ‘
Slide 14: Project Location
Project Location • +2900 km2 of prospective area • Great infrastructure • Close to local markets • Close to rail and export ports
Slide 15: Geology
Geology • Controlling position in one of the largest glauconite deposits known • Limited previous drilling indicates that glauconite bearing sediments are continuous for more than 150km of strike with a width and thickness that potentially will result in a significant deposit on the world stage. • M
Slide 16: Results to date
Results to date • Mapping completed, drilling commences November • Bulk Samples taken • Leaching testwork commenced, good dissolution evident 100.0 • 90.0 80.0 Extraction (%) 70.0 60.0 K, % extraction against time 50.0 40.0 30.0 20.0 10.0 0.0 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0 22.0 24
Slide 17: Market Opportunities
Market Opportunities • Australia consumes ~ half a million tpa Potash, all imported • WA and QLD 40% each. WA prefers K2SO4(price premium) • There is no potash production in Australia, • Project located within Australia’s largest potash consuming area • Established domestic infrastructure • Establis
Slide 18: Value Proposition, Potash Explorers
Value Proposition, Potash Explorers Company Projects Location Status Market Cap (Nov 11) Western Potash (TSX: WPX) 2 MOP Canada 1 Expl $C186M 1 Resource Potash One (TSX: KCl) MOP Canada PFS completed C$355M Takeover from K & S Allana Potash (TSX V: AAA) MOP Ethiopia Resource C$212M Athabasca Potash
Slide 19: Capital Structure
Capital Structure CAPITAL STRUCTURE Category % issued cap Number of shares New capital (IPO) 40.2 30,312,500 Contingent Entitlement Shares 19.9 15,000,000 Image shareholders 16.6 12,500,000 Elsinore Energy 16.6 12,500,000 Existing shareholders 6.6 5,000,000 100.0 75,312,500 Market capitalisation @ 2
Slide 20: Investment Highlights
Investment Highlights • Exposure to the booming potash business • Tight capital structure • The company has a skilled & experienced management team • High extraction possible with simple extraction technology • technical programme commenced • Techniques applicable to other deposits, • valuable IP be
Slide 21: Thank you Questions
Thank you Questions Adrian Griffin Unit 3 Chairman 23 Belgravia Street Mobile +61 (0) 418 927 658 Belmont WA 6104 adrian.griffin@potashwest.com.au PO Box 588 Belmont WA 6984 Patrick McManus Managing Director Phone +61 (0) 8 9479 5386 Mobile +61 (0) 408 956 798 Fax +61 (0) 8 9475 0847 patrick.mcmanus