Pyrum Innovations Ag · XETR:PYR
Pyrum Innovations — Investor Presentation (May 2024)
22 slides from Pyrum Innovations's investor presentation, May 16, 2024
Slide 1: Pyrum Innovations AG Investor Presentation 16.05.24
Pyrum Innovations AG Pyrum Innovations AG Investor Presentation 16.05.24
Slide 2: Disclaimer
Disclaimer This presentation contains statements about future developments based on current expectations, assumptions, estimates and predictions by management and on information currently available. Various known and unknown risks, unforeseeable developments, changes in the economic and political en
Slide 3: Global End-of-Life-Tire (ELT) market accounts for approx. 30.9 mt p.a.
Global End-of-Life-Tire (ELT) market accounts for approx. 30.9 mt p.a. … as tightening regulatory environment forces countries and corporates to take action Global ELTs in 2019 Tightening regulatory environment Worldwide annual volume of end-of-life tires: Landfill Ban 30.9 million tonnes The landfi
Slide 4: Pyrum offers patented technology with strong value proposition
Pyrum offers patented technology with strong value proposition… … converting rubber into several high value chemical products – thermolysis oil, carbon and gas How Pyrum creates value Pyrum Oil: 270 kg/h NEW 4
Slide 5: Our history in short with TRL (Technical Readiness Level)
Our history in short with TRL (Technical Readiness Level) Key milestones TRL 1 - 4 TRL 5 - 7 TRL 8 TRL 9 rCB MoU/HoT Listing Building EU Horizon rCB Offtake New cooperation Foundation agreement Frankfurt High Class City Council permission and 2020 Investment of 16 Agreement agreement and of Pyrum RE
Slide 6: The last important Milestone to close the loop: rCB
The last important Milestone to close the loop: rCB No rCB can be sold to the market without those certificates Pyrum was transformed from a Start-Up to a certified Automative supplier in 1 year! • Received certificates and changes in the last 12 months: • Ecovadis: Silver Status • VDA 6.3: Continen
Slide 7: Important rCB Milestones, Quantity increase required
Important rCB Milestones, Quantity increase required rCB is ready, we just need more of it! Turnover importance per product stream rCB Ramp Up from Mill and Pelletizer 1 (Q1 23 – Q1 24) Turnover Turnover/ TAD 1 TAD 2 Capacity 92,88 100 Type Plant capacity 1 80,14 Today1 Est. 20251 Gate fee 19 % 65 %
Slide 8: Real applications of circularity
Real applications of circularity … areas of use that are already in operation Schwalbe Recycing System and „THE GREEN MARATHON“ • Already 1.850 bike stores in Germany are participating = almost 1/3 of German market. • The first 100% Pyrum rCB tire was released at the EUROBIKE in June 2023 • New Prod
Slide 9: Real applications of circularity
Real applications of circularity … areas of use that are already in operation Continental Tires since September 2023 • Solid tires from Continental’s tire plant in Korbach now contain recovered carbon black from end-of-life-tires • By 2050 at the latest, Continental aims to use 100 percent sustainab
Slide 10: Dillingen plant was one industrial production line for end-of-life-tires
Dillingen plant was one industrial production line for end-of-life-tires… … and has been running on industrial scale since May 2020 with commercial sales Overview of the operational unit1 Comments 1 Feedstock (end-of-life-tires) and shredding unit: granulating whole tires and separating rubber fro
Slide 11: Building Site of Pyrum Unit 2 and 3 in Dillingen
Building Site of Pyrum Unit 2 and 3 in Dillingen Impressions Status quo lines 2 + 3 (22.11.2023) 11
Slide 12: Building Site of Pyrum Unit 2 and 3
Building Site of Pyrum Unit 2 and 3 Impressions New Power Plant and Pyrolysis Unit Details about Pyrum Unit 2 and 3 • Start of Building : November 2021 • Size of Building site: 8.000 m² • Production Capacity: up to 6 Tons of used tires per hour (10.000 tires per day) • Finished Parts of the Consturc
Slide 13: Details of the first 12 hours stable production Plant 2 in Dillingen
Details of the first 12 hours stable production Plant 2 in Dillingen Screenshots from the new plant Extrem stable production with filling intervals of 4 minutes 13
Slide 14: Real applications of circularity
Real applications of circularity … areas of use that are already in operation VAUDE Outdoor Equipment and Clothing Source: https://www.vaude.com/de-DE/Herren/Beliebt-Neu/Altreifen-Recycling/ Source: https://www.vaude.com/de-DE/Herren/Beliebt-Neu/Altreifen-Recycling/ 14
Slide 15: Real applications of circularity
Real applications of circularity … areas of use that are already in operation Mercedes-Banz door handles Source: Mercedes Benz Group AG 15
Slide 16: Research & Development
Research & Development Result overview from completed projects Funded by Bicycle tire Fahrradreifen recycling Recycling CFRP Recycling Funded by Project: Infinity The project aims at creating, developing, and optimizing a full value chain: Setup of the first collection system for bicycle tires Optim
Slide 17: Extensive project pipeline due to attractive framework conditions
Extensive project pipeline due to attractive framework conditions Demand is higher than capacity; projects are partly far advanced or have been started procedurally Project status Project General Terms Contract / Pre- Building site Authorisation in Operative Company Country Partner/Site Capital part
Slide 18: Attractive plant economics is the enabler for the rapid roll-out
Attractive plant economics is the enabler for the rapid roll-out Estimated plant economics – operating at 20,000 tonnes p.a. capacity Roll Out breakthrough: 1 Total revenues, end-products and gate fee EUR ~ 11.5 m NEWS: NEW CONTRACT WITH BASF signed 15.11.2023 Gate fee EUR 110/ton x 20,000 tons EUR
Slide 19: Pyrum Consolidated Income Statement 2023 financial year
Pyrum Consolidated Income Statement 2023 financial year Results - Overview KPI 2023 2022 ∆ EUR PL ∆ % PL Estimates 2024 Revenues 1,147 982 165 16.80% EUR 3.0 - 4.0 m Increase/decrease of finished goods -60 277 -337 Other own work capitalised 11,712 17,810 -6,098 -34.24% Total output 12,799 19,069 -6
Slide 20: Pyrum consolidated balance sheet (short) 2023 financial year
Pyrum consolidated balance sheet (short) 2023 financial year Overview Share in capital 12M TEUR 2023 2022 2023 Non-current assets Non-current intangible assets 5,638 6,492 11.1% Property, plant, and equipment 39,458 28,759 77.5% Non-current financial assets 30 37 0.1% 45,126 35,288 Current assets In
Slide 21: What is needed and what we have…
What is needed and what we have… We can tick all the boxes Summary Milestones Achieved Comments Industrial Pilot plant in Operation X 24/7 Operation since Mai 2020 Serial Engineering of all Parts finished X Finished since End of 2023 – Last part was Pelletizer for rCB Building of Industrial Serial P
Slide 22: Investment highlights
Investment highlights Pyrum addresses global environmental problems with revolutionary scalable technology Addressing the global tire waste problem with a patented pyrolysis solution, recycling I rubber into high value products – oil, carbon, gas The Dillingen Plant running on an industrial scale si