Synthesis Energy Systems Inc · OTC:SYNE
Synthesis Energy Systems — Merriman Curhan Ford 5th Annual Investor Summit (September 2008)
20 slides from Synthesis Energy Systems's conference presentation, Sep 16, 2008
Slide 1: Cleanly Unlocking the Value of Coal
Merriman Curhan Ford 5th Annual Investor Summit David A. Eichinger Chief Financial Officer September 16, 2008 Cleanly Unlocking the Value of Coal
Slide 2: Forward Looking Statements
Page 2 Forward Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements, other
Slide 3: SES - A Global Industrial Gasification Company
Page 3 SES - A Global Industrial Gasification Company Our business is to build, own and operate gasification plants in China, the U.S. and ultimately worldwide: Hai Hua Plant Initial syngas sales February 2008 Pure-play gasification company with first mover advantage Demonstrated ability to implemen
Slide 4: Overview of the Gasification Process
Page 4 Overview of the Gasification Process Gasification is a proven process that converts solid hydrocarbon fuels into synthesis gas ("syngas"), which can be used to produce valuable chemical and motor fuel products. Coal Biomass Limits production of harmful emissions (CO2, SOx, NOx and particulate
Slide 5: History and Milestones
History and Milestones 2004 2005 2006 2007 December 2006: Hai Hua groundbreaking 2008 June 2007: Golden Concord groundbreaking November 2007: Began trading as SYMX on the NASDAQ May 2006: Board appoints Tim Vail, CEO and David Eichinger, CFO May 2005 Private Placement: $5mm at $2.50 per share August
Slide 6: Our Global Presence
Our Global Presence YIMA Henan Province (under development) Hai Hua Zaozhuang City (operating) Chinese Headquarters Shanghai Golden Concord Inner Mongolia (under construction) CONSOL West Virginia (under development) Corporate Headquarters Houston, Texas Hai Hua Gasification Plant Location: Zaozhuan
Slide 7: U-GAS A True Technology Advantage
U-GAS(r) ^ A True Technology Advantage Exclusive global license to manufacture, make, use and sell U-GAS(r) gasification systems with both coal and coal/biomass blends Term of 10 years with option for two additional 10 year periods Exclusive License Scalability Smaller scale allows faster constructi
Slide 8: Coal Provides an Attractive Cost Advantage Over Other Energy Commodities
Coal Provides an Attractive Cost Advantage Over Other Energy Commodities Gasoline Natural Gas Low Rank Coal 6/5/1998 4.13 2.3 0.26 6/12/1998 3.97 2.33 0.25 6/19/1998 3.93 2.46 0.25 6/26/1998 3.92 2.51 0.25 7/3/1998 3.66 2.5 0.25 7/10/1998 3.88 2.43 0.25 7/17/1998 3.81 2.37 0.26 7/24/1998 3.7 2.32 0.
Slide 9: Today's Energy Pathways
Today's Energy Pathways Page 9 Crude Petroleum refining Methanol- to-Gasoline Methanol Current Situation Gasification Alternatives Methanol as a gasoline substitute Industrial use methanol MTG technology Coal U-GAS(r) Biomass Limits production of regulated emissions (SOx, NOx and particulates) Creat
Slide 10: Our Strategy: Build, Own and Operate U-GAS Facilities
Our Strategy: Build, Own and Operate U-GAS(r) Facilities Well-Capitalized Strategic Partners Leverage Unique "China" Capabilities Develop Expandable Plant Sites Close Proximity to Fuel Source Page 10
Slide 11: Our Focus: The U.S. and China
Our Focus: The U.S. and China Coal reserves (tonnes) Oil reserves (Bbl) Page 11 Statistics source: U.S. Department of Energy (2006) Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 12 Column 13 Column 14 Column 15 Column 16 1 2000 400 Net oi
Slide 12: Carbon Management is a Part of SES's Long-Term Strategy
Carbon Management is a Part of SES's Long-Term Strategy Coal Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 12 Column 13 Column 14 Column 15 Column 16 Coal 1300 Oil 100 1,300 7 Canada USA Coal Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 C
Slide 13: Carbon Management is a Priority at SES
Sales for Enhanced Oil Recovery Sequestration Well understood technology Legal framework still under development Carbon Management is a Priority at SES Carbon capture is already a part of our process Captured Pure Co2 Stream Either/Or
Slide 14: Hai Hua Joint Venture
Page 14 Hai Hua Joint Venture HAI HUA PROJECT HAI HUA PROJECT Location Zaozhuang City, China Capacity 300 tonnes/day of coal (25 MW equivalent) Product Syngas Design Output 28,000 scm/hr Build Cost $36 million Financing Source Industrial and Commercial Bank of China (ICBC) Term Loan $12 million Grou
Slide 15: Hai Hua: One-Year Construction Cycle
Page 15 Construction Complete Hai Hua: One-Year Construction Cycle Oct '06 Feb '07 May '07 Oct '07 Feb '08 Government Approvals Received Major Equipment Installed First Syngas Sales Civil Engineering Complete Dec '06 Ground- Breaking Ceremony
Slide 16: Golden Concord Joint Venture
Page 16 Golden Concord Joint Venture GOLDEN CONCORD PROJECT GOLDEN CONCORD PROJECT Location Inner Mongolia, China Capacity 1,200 tonnes/day of coal (100 MW equivalent) Product Methanol/DME Design Output 225,000 tons/year of methanol (45mm gallons/year gasoline equivalent) Expected Cost $110 - $130 m
Slide 17: Yima Joint Venture
Yima Joint Venture YIMA PROJECT - PHASE I YIMA PROJECT - PHASE I Location Henan Province, China Capacity 2,000 tonnes/day of coal (200 MW equivalent) Product Methanol/DME Design Output 500,000 tons/year of methanol (100mm gallons/year gasoline equivalent) Expected Cost $250 - $350 million Financing
Slide 18: CONSOL Joint Venture
Page 18 CONSOL Joint Venture CONSOL PROJECT CONSOL PROJECT Location West Virgina, U.S. Capacity 2,000 tonnes/day of coal (200 MW equivalent) Product Methanol and Gasoline* Design Output 720,000 metric tons/year of methanol (~100mm gallons/year 87 octane gasoline) Expected Cost Approx. $800 million F
Slide 19: Financial Summary
Page 19 Financial Summary NASDAQ: SYMX NASDAQ: SYMX Date of Listing November 1, 2007 Shares Outstanding (Fully Diluted) Approximately 48 million shares 52-Week Range $4.84 - $15.92 Average Daily Volume (3-month) 275,700 shares Equity Offerings Equity Offerings June 2008 November 2007 $100 million at
Slide 20: Merriman Curhan Ford 5th Annual Investor Summit
Merriman Curhan Ford 5th Annual Investor Summit David A. Eichinger Chief Financial Officer September 16, 2008 Cleanly Unlocking the Value of Coal
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