Jatcorp Ltd · ASX:JAT
Jatcorp — Jatoil — Shareholder Meeting (November 2010)
20 slides from Jatcorp's shareholder meeting presentation, Nov 16, 2010
Slide 1: 2010 Achievements & Outlook for 2011
For personal use only 2010 ACHIEVEMENTS & OUTLOOK FOR 2011
Slide 2: Disclaimer
DISCLAIMER For personal use only This document has been prepared by Jatoil Limited to provide existing and prospective shareholders in Jatoil Limited with an update. Any statements, opinions, or other material contained in this document do not constitute any commitments, representations or warrantie
Slide 3: Jatoil - 2010 Key Milestones
JATOIL - 2010 KEY MILESTONES For personal use only • January: Jatoil announces intercropping strategy. JATOIL LIMITED • February: Jatoil announces JV deal with Waterland Intl. Jatenergy Holdings Pte Ltd Intercropping Singapore (100%) Project • March: Singapore subsidiaries established. • June: PT Ja
Slide 4: Biofuel Industry Has Enormous Potential
BIOFUEL INDUSTRY HAS ENORMOUS POTENTIAL For personal use only Key drivers for industry: • Price & Availability of Energy: ˗ Peak Oil ˗ Increasing global energy demand ˗ Energy Security • Greenhouse Gas Emissions: ˗ Government mandates ˗ Increasing Cost of Carbon Key outcomes: • Vegetable oil market
Slide 5: Biojet Is Rapidly Gaining Momentum
BIOJET IS RAPIDLY GAINING MOMENTUM For personal use only • 30 December 2008: World’s first biojet test flight by Air “Five airlines have successfully tested biofuels and we New Zealand on 50% Jatropha biojet/50% normal jet expect certification within 2011 at the latest. Aviation fuel. biofuel is a U
Slide 6: Jatropha Curcas Is a High Potential Biofuel
JATROPHA CURCAS IS A HIGH POTENTIAL BIOFUEL For personal use only PARTICULARLY SUITED TO MAKING BIOJET The Facts about Jatropha… • Well-planned and managed Jatropha crops are hardy, live for 30 + years, and have a low water footprint* • Can be economic on marginal lands** • Targets additional farmer
Slide 7: Jatoil's Core Biofuel Business Is Upstream
JATOIL’S CORE BIOFUEL BUSINESS IS “UPSTREAM” For personal use only CRUDE OIL PRODUCTION FROM JATROPHA Jatoil “upstream” operations jatropha fruit collection extraction hydro treating or fruit shell & seedcake crude hydro treating transesterification untreated jatropha oil biojet biodiesel generator
Slide 8: PT Jatoil Waterland: Central Java Project
PT JATOIL WATERLAND: CENTRAL JAVA PROJECT For personal use only • 1,000 ha of 2 to 3 - year old jatropha = phase 1 (proof of concept and trial). • First production and revenues with off-take from Waterland who have on-sold to refiners with product bound for airline industry. • 500 ha of 4 to 5 year
Slide 9: PT Jatoil Waterland: From Earth to Air
PT JATOIL WATERLAND: FROM EARTH TO AIR For personal use only Nursery Plantation Jatropha Fruit Jatropha Seeds Processing Seeds Filtered Crude Shipment to After hydro treating to Jatropha Oil International Buyers airline industry
Slide 10: PT Jatoil Waterland: Revenue Model
PT JATOIL WATERLAND: REVENUE MODEL For personal use only • Data from 11,000 hectare development. • Current plantings of 1,500 hectares. • Target end 2010 plantings of 2000 hectares • Projections over 10 years. • 5 years to fully mature yield of 1.9 tons oil per hectare. Key assumptions Base Low High
Slide 11: Jatropha: Value Benchmarking
JATROPHA: VALUE BENCHMARKING For personal use only PLANTATION VALUATIONS VEGETABLE OIL PRODUCERS: PALM OIL • Jatropha plantation valuations vary: an • Palm Oil is typically valued between estimated a range of USD 1,000 to USD USD 10,000 to USD 50,000 per ha: 1,600/ha for newly established, ranging −
Slide 12: Capital Farm-In into Our Projects
CAPITAL FARM-IN INTO OUR PROJECTS: For personal use only Project Pt Jatoil Waterland Target Raising (USD) 6 m minimum Mechanism Commercial Private Placement - Target Asian Capital Markets Target Entity Jatenergy Indonesia Pte Ltd (Singapore) Target Placement 25% to 40% Allocation Fast expansion (201
Slide 13: Recap from 2009: ...and the Reality Is...
RECAP FROM 2009: ...AND THE REALITY IS… For personal use only OUR OUTLOOK FOR 2010… • Crude oil from ~62 to ~77 • “We believe there will be USD/bbl* continued upward pressure on oil and carbon costs - increasing the • “Carbon Cost” stagnant at an focus on renewable energy” average E12.50/tonne C# •
Slide 14: Why Is Jatoil Looking at Coal?
WHY IS JATOIL LOOKING AT COAL ? For personal use only • Jatoil announced 6 September 2010 that it has signed a binding MOU, subject to Due Diligence, to acquire Blackrock Resources Pty Ltd, an Australian company with coal assets in Indonesian. • Still 2 + years from significant commercial revenues e
Slide 15: Blackrock Conventional Coal
BLACKROCK CONVENTIONAL COAL For personal use only • Jatoil announced 6 September 2010 that it has signed a binding MOU, subject to Due Diligence, to acquire Blackrock Resources Pty Ltd, an Australian company with coal assets in Indonesian. • Due Diligence continues at a slower pace than planned, but
Slide 16: Blackrock Project Areas
BLACKROCK PROJECT AREAS For personal use only Status Indicative Potential Haulage Estimated Calorific Exploration Time to Value Target Production (kcal/kg) (Mt) (km) Katingan Binding Agreements 5,500-5,800 37.3 50 3 years Exploration IUP East Kalimantan (3) Binding MOU 6,100 - 6,300 0.5 to 0.75 5 6-
Slide 17: Blackrock Projects and New Mining Rules
BLACKROCK PROJECTS AND NEW MINING RULES For personal use only IUP - new Mining Business License System Implemented in July 2009: • All old system KP’s and COW’s need to be transferred to new IUP’s; either • IUP Exploration • IUP Production • The IUP production license allows commercial production fo
Slide 18: Blackrock Updated Indicative Timeline
BLACKROCK UPDATED INDICATIVE* TIMELINE For personal use only Original Timeline Revised Timeline Announcement of proposed acquisition of Blackrock 6 September 2010 Completed Signing of Binding Share Purchase Agreement 27 September 2010 7 December 2010 Completion of due diligence by both parties 15 Oc
Slide 19: 2011 Targets
2011 TARGETS For personal use only • Raise capital and expand by a further 9,000 hectares in PT Jatoil Waterland JV. • Target > 1,000 tonne of production of crude Jatropha oil from the PT Jatoil Waterland JV. • Target short term revenue opportunities from the JV from high value intercrop such as org
Slide 20: For personal use only
For personal use only On behalf of the Board and Management, thank you for your support during a successful 2010 for the company. We look forward to an exciting 2011 as the market starts to realise the value of our Jatropha business and we build on our first cash flows in 2010 into significant reven