Thorney Technologies Limited · ASX:TEK
Thorney Technologies — Australian Renewable Fuels — Shareholder Meeting (November 2013)
17 slides from Thorney Technologies's shareholder meeting presentation, Nov 1, 2013
Slide 1: 2013 Annual General Meeting Presentation
1 November 2013 The Manager ASX Market Announcements Australian Renewable Fuels Limited (ASX:ARW) 2013 Annual General Meeting Presentation Dear Sir/Madam Please find attached a presentation that will be delivered to shareholders at the Company’s Annual General Meeting to be held today. Yours faithfu
Slide 2: Chairman's Address
Chairman’s Address Our focus for the 2013 Financial Year was to recapitalise the business so that the there was sufficient capital to support the sales growth in our domestic and overseas markets as well as fund our feedstock program. I am pleased that during the 2013 Financial Year we were able to
Slide 3: Annual General Meeting
Annual General Meeting 1 November 2013 1
Slide 4: Disclaimer
Disclaimer Disclaimer: This document contains forward thinking statements that involve risks and uncertainties, and are based on a series of assumptions, qualifications and limitations. These statements are not guarantees of Australian Renewable Fuels Limited future performance and involve a number
Slide 5: ARfuels Business Review
ARfuels Business Review • Highlights • 2013 Operations Review • Sales • Plants and Production • Feedstock • 2014 Activity Review 3
Slide 6: Highlights
Highlights • First ever financial year profit: $2.2m • 50% revenue increase to $58.5m • 44% increase in biodiesel sales to 46.2 million litres • Average monthly production grew to 4.3 million litres per month, up from 3.5 million litres prior year • Recapitalisation of business • $12.3m capital rais
Slide 7: Financials
Financials ARfuels - Financial Results Summary 60 50 40 30 $M 20 10 0 (10) Revenue EBITDA NPAT FY2011 6,426,355 (7,076,209) (8,128,336) FY2012 39,173,694 (3,536,332) (7,235,793) FY2013 58,592,368 5,862,638 2,246,621 5
Slide 8: 2013 Business Review
2013 Business Review • Rebuild Largs Bay (SA) plant • Settlement of associated Insurance Claim • Re-establish the Export Program • Lower margin business • Immediate production • Fastest route to market • Provided a sound testimonial reference for domestic sales • Re-commission Largs Bay and Picton p
Slide 9: Operations Review - Sales
Operations Review - Sales Unaudited figures 7
Slide 10: Sales
Sales • ARfuel’s sales strategy consistent with 2013 • Major fuel suppliers such as the oil companies who use B5; • Shell contract extended for further two years – 2014, 2015; • Contract discussions underway in all States for supply; • SA and WA continues to be access to storage and blending infrast
Slide 11: Operations Review - Production
Operations Review - Production Unaudited figures 9
Slide 12: Production
Production • Plant performance still a work in progress in WA and SA • Running consistently at 30% of capacity • Issues to increase the run rate are: • Operator recruitment completed and training underway • Plant reliability - Chief Engineer commences November 2013 • Increased Repairs and Maintenanc
Slide 13: Feedstock
Feedstock • FY2013 cost average consistent with prior years • Range $725 to $900 per MT • Alternative feedstock remains a key focus • Waste Vegetable Oil (WVO) • Recycled Mill Oil (RMO) • 900MT in WVO successfully processed during FY2013 • WVO development continuing 11
Slide 14: Financials – FY2014 Outlook
Financials – FY2014 Outlook • Barnawartha consistent and profitable • Domestic sales volumes at Largs Bay and Picton key driver • Export business sound although margins less than domestic sales • Sales pipeline and opportunities provide real optimism for medium term • FY2014 will have additional cos
Slide 15: Update of legal claim
Update of legal claim • Global Biofuels Trading Inc (GBTI) Claim • ARfuels received a statement of claim from GBTI • The claim alleges that in 2011, ARfuels repudiated an agreement for the purchase of palm sludge oil from GBTI • The amount of the claim is $1.36m • The claim will be vigorously defend
Slide 16: ARfuels
9 ARfuels 14
Slide 17: www.arfuels.com.au
Www.artuels.com.au
Australian Renewable Fuels — Shareholder Meeting (November 2013) on 6ix