A.h.t. Syngas Technology N.v. · XETR:3SQ1
A.h.t. Syngas Technology — Investor Presentation (May 2016)
32 slides from A.h.t. Syngas Technology's investor presentation, May 2016
Slide 1: A.H.T. Syngas Technology N.V. Company Presentation for Investors
A.H.T. Syngas Technology N.V. Company Presentation for Investors 1
Slide 2: Content
Content Mission Statement p. 3 AHT at a Glance: Profile, Value Chain p. 4 Key Personnel and Structure of the A.H.T. Group p. 5 Our Portfolio - History p. 6 Our Portfolio - Products & Services p. 7 Our Portfolio – Process Overview p. 8 Our Portfolio - Core Technology p. 9 Our Markets - Overview p. 11
Slide 3: Mission Statement
Mission Statement AHT is strongly committed to gain market-, quality- and technology-leadership in the fast growing niche of the worldwide „Clean Energy by Gasification” market and to enable its customers: to cover their energy demand locally and independently to improve their energy efficiency
Slide 4: AHT at a Glance: Profile, Value Chain
AHT at a Glance: Profile, Value Chain Our Company Profile Core Characteristics AHT provides state-of-the-art technologies for the gasification process of coal or biomass feedstocks to Decentralised and/or distributed energy supply generate crude or clean gas. Heat extraction for heat and cold ap
Slide 5: Key Personnel and Structure of the AHT Group
Key Personnel and Structure of the AHT Group CEO: Mr Gero Ferges (Dipl.-Ing.), founder of A.H.T. Services GmbH Adoption of heat-/gasification technology from KHD AG together with his father More than 13 years of experience in senior management functions in the fossil and renewable gasification b
Slide 6: Our Portfolio - History
Our Portfolio - History Our Heritage - looking back on more than 10,000 world-wide installations Direct descent from Nikolaus Supply issues for fossil oil and Oil crises in the 1980ies and Otto, inventor of the gas Otto- gas for emerging growing environmental aware- Motor (1867) industrialisat
Slide 7: Our Portfolio - Products & Services
Our Portfolio - Products & Services COMPACT HOT GAS CLEAN GAS SERVICES POWER for Industrial for Decentralised PLANTS Applications Power Plants (CPP) • Project planning Fossil and Fossil and Fossil and • Project renewable renewable renewable management • Spare-parts & maintenance 7
Slide 8: Our Portfolio - Process Overview
Our Portfolio - Process Overview Process Overview Gasifier Gas Cleaning Water Treatment CHP Gasifier Gas Cleaning Water Treatment CHP Feedstock Preparation Gas Generation Gas Conditioning Heat & Power Generation Wood chips Shredding Oxidation Cleaning Coal Drying Pyrolysis Cooling
Slide 9: Our Portfolio - Technology
Our Portfolio - Technology The twin-fire gasification principle Two oxidation zones in the upper and lower part of the gasifier Combination of updraft and downdraft gas production process Basis for a clean process gas already with the production of the gas. Undesirable tar and other pollutants
Slide 10: Our Portfolio - Core Technology
Our Portfolio - Core Technology Gas Conditioning The synthesis gas generated in the gasifier contains smaller amounts of ash and tar as long-chain hydro carbons in gaseous form saturated in the gas Ultra-fine and more coarse particles are isolated by the cyclone, gas scrubber and electro-filter
Slide 11: Our Markets - Overview
Our Markets - Overview Anchor Region Europe Anchor Region Asia & Oceania Current Focus: UK & South-East Europe Current Focus: South-East Asia, Japan, China Industry Drivers: Industry Drivers: Environmental concerns, pressure for Strong population growth and energy sustainability demand Politic
Slide 12: Market Outlooks - Europe
Market Outlooks - Europe 1 Mtoe: Million Tonnes Oil Equivalent EU biomass supply for electricity, heating and cooling (Mtoe 1, 2012-2020) 140 Assuming a market potential of 1 % for A.H.T. installations based on 3 MW installations at 7,500 operating hours per year: 120 Worst Case: assuming the pote
Slide 13: Market Outlooks - Examples in Europe
Market Outlooks - Examples in Europe Subsidised market for CO2-reduction Biomass Potential until 2020: 10.4 to 16.3 Million of dried tonnes per year Source: UK Department of Energy & Climate Change (2013): Use of UK Biomass for Electricity and CHP. (Publication by Govt.UK) "The central range for
Slide 14: Market Outlooks - Southeast Asia
Market Outlooks - Southeast Asia 1 Mtoe: Million Tonnes Oil Equivalent Energy Potential from Biomass in SE Asian Countries 2014 (Mtoe 1 ) 30 Assuming a market potential of 1 % for A.H.T. installations based on 3 MW installations at 7,500 operating hours per year: 25 Worst Case: assuming the potent
Slide 15: Market Outlooks - Examples in Southeast Asia
Market Outlooks - Examples in Southeast Asia Malaysia Biomass Industries Confederation – legacy of EU-Malaysia Biomass Sustainable Production Initiative "FOREIGN TECHNOLOGY JV WITH MALAYSIA BIOMASS INDUSTRIES - Joint venture between respective subsidiaries FutureNRG Sdn. Bhd. and AHT Services GmbH
Slide 16: Market Outlooks - Japan
Market Outlooks - Japan Japan's Renewable Energy Mix Forecast for 2030 Wind Assuming a market potential of 1 % for A.H.T. installations Biomass 9% based on 1 MW installations: 17% Worst Case: assuming the potential for 2016 of approx. 16 Geotherm. 4% PV TWh available biomass in Japan: 31% 1 % of
Slide 17: Market Outlooks - China
Market Outlooks - China Potential for Coal Gasification "As a result of soaring energy demand from a staggering pace of economic expansion and the related growth of energy- intensive industry, China overtook the United States to become the world’s largest contributor to CO2 emissions in 2007. At the
Slide 18: Scope of Supply - Current & Future Potential
Scope of Supply - Current & Future Potential A.H.T. Scope of Supply Third Party Scope of Supply Current Scope of Supply Value Chain (Phase 1) General Feedstock Service Electricity & Engin- Gas Gas Electricity & & Infra- Preparation Heat Operation eering Generation Cleaning Heat Sales Mainte- structu
Slide 19: Major Financial Targets Derived from our Value Chain Strategy
Major Financial Targets Derived from our Value Chain Strategy A.H.T.'s current project pipeline and the state of major Europe and Asian end markets give A.H.T.'s business a sales potential of EUR 20 Mio by 2020 without any additional capital (5 years compound annual growth rate > 40 % p.a.). With a
Slide 20: Strengths and Competences
Strengths and Competences 1 Strong German engineering brand in gasification gas generation 2 Flexibility of the AHT-technology towards customer needs 3 Low cost of customisation thus enhancing scalability! Modular set-up, easy to extend by further production lines 4 Secure and robust technology for
Slide 21: Annex: Investment Case at a Glance
Annex: Investment Case at a Glance Main Transaction Parameters: Transaction Goals: Capital increase against cash by a public offering of Raising additional equity capital of up to EUR 7.8 Mio net 1.000.000 new ordinary shares with a nominal value of EUR of cost of listing and cost of public offe
Slide 22: Annex: Types of Market Players
Annex: Types of Market Players + Experiences in realisation of power plants Plant + Good market access based on CHP-sales manu- Packager experiences - No specific experience with Biomass Power facturer - Less experience with Plants technology Market Biomass Power Plant + Enthusiasm and high intellec
Slide 23: Annex: SWOT Analysis - Strengths and Weaknesses
Annex SWOT Analysis Strengths Weaknesses Fast market entrance possible – first existing For the basic gas generation, a high feedstock plants, existing and tested products, strong quality (especially regarding particle size) is network of partners required Quality “Made in Germany”: gasifier,
Slide 24: Annex: SWOT Analysis - Opportunities and Risks
Annex SWOT Analysis Opportunities Risks • High market potential in many countries • Central European market is regulated by especially emerging markets common subsidies and AHT has to serve new markets • High potential to localise the product for the most interesting and efficient markets • Consider
Slide 25: Annex: Selected References & Projects
Annex Selected References & Projects Commissioning: 2016 Installation Site: Negeri Sembilan (50 km SE of Putrayaya), MALAYSIA Feedstock: Various biomass waste Electrical Output: 200 kWel Commissioning: 2016 Installation Site: Liangshan County, CHINA Feedstock: Coal Electrical Output:
Slide 26: Annex: Selected References & Projects
Annex Selected References & Projects Commissioned: 2015 Installation Site: Kesennuma, Miyagi, JAPAN Feedstock: Wood Electrical Output: 800 kWel Commissioned: 2011 Installation Site: Tayan, Kalimantan, INDONESIA Feedstock: Coal Electrical Output: 6,000 kWel Commissioning: 2016 Ins
Slide 27: Annex: Figures - Balance Structure and Cash Flow
Annex: Figures Operational Balance Structure In kEUR 2012 2013 2014 2015e Inventories 724 2.319 617 1377 Claims 181 465 320 706 Cash 476 2.066 1.071 1329 Balance Sum 1.559 5.030 2.113 3608 Equity 59 260 565 675 Provisions 45 126 290 268 Liabilities 1.456 4.644 1.258 2.663 Operational Cash Flow State
Slide 28: Annex: Figures - History of Operational Earnings Performance
Annex: Figures History of Operational Earnings Performance 2012 2013 2014 2015 exp. Revenues 752 6.427 6.074 2.707 Inventory Changes Semi-finished Products 1.050 -284 -1.935 904 Total Output 1.802 6.143 4.139 3.611 Other Operating Incomes 6 17 115 19 Material Expenditures -605 -3.867 -1.501 -1.113 P
Slide 29: Annex: Orders & Pipeline
Annex: Orders & Pipeline Existing Orders 1 Plant Type Size [kW] Task Location Value [Million EUR] Biomass Power Plant 200 New installation Malaysia 1.12 Clean Gas Production 1,000 New installation China 2.2 Biomass Power Plant 1,000 Modernisation Croatia 0.5 Biomass Power Plant 600 Service Contract
Slide 30: Annex: Value Contribution by Subsidiary and Joint Ventures intended
Annex: Value Contribution by Subsidiary and Joint Ventures intended Shareholding Plant Engineering, Know How Parts A.H.T. Syngas Technology N.V. A.H.T. Services GmbH Germany (100 % Subsidiary) A.H.T. NRG Malaysia A.H.T. Croatia A.H.T. Japan A.H.T. China ( %) ( %) ( %) ( %) Customers Customers Custom
Slide 31: Annex: Figures - Potential Development of Earnings Performance
Annex: Figures Potential Development of Earnings Performance, after Capital Increase (Overview) 2016 2017 2018 2019 Total Output 6000 12000 21000 32000 Material Expenditures -2100 -4200 -7350 -11200 Personnel Expenditures -1600 -3000 -4000 -5000 Operating Result before Depreciation (EBITDA) 670 1390
Slide 32: Annex: Disclaimer and Contact
Annex Disclaimer This presentation contains forward-looking statements based on beliefs of the A.H.T. Syngas N.V. and the A.H.T. Services GmbH ("AHT") management. Such statements reflect current views of A.H.T. with respect to future events and results and are subject to risks and uncertainties. Act
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