White Energy Company Limited · ASX:WEC
White Energy — Morgan Stanley Conference (May 2010)
17 slides from White Energy's conference presentation, May 2010
Slide 1: Morgan Stanley Conference Presentation May 2010
Morgan Stanley Conference Presentation May 2010
Slide 2: White Energy: A diversified coal company listed on the ASX
White Energy A diversified coal company listed on the ASX with significant global growth opportunities White Energy is exclusive worldwide licensee of a patented technology which upgrades high moisture low value sub-bituminous and lignite coals through a low cost process of dehydration and compact
Slide 3: White Energy Upgraded Coal
White Energy Upgraded Coal Value proposition – access low cost / low rank coals and upgrade into higher energy coal Product Upgrade Historical Price Arbitrage Feedstock coal Upgraded high energy Historical Coal Prices, US$ 2006-09 • High moisture coal coal briquettes • Coal fines Price Arbitrage App
Slide 4: Benefits of White Energy Upgraded Coal
Benefits of White Energy Upgraded Coal Upgraded White Energy coal has a higher energy content with enhanced efficiency and an improved pollution profile Appeal of White Energy coal Superior environmental performance as compared to Australian thermal coal Higher energy content Significant reduction i
Slide 5: Playing in the Industry 'Sweet-Spot'
Playing in the Industry ‘Sweet-Spot’ A technology based solution that answers the global demand for a more energy efficient coal fuel Trends in Energy Sector White Energy Solution Rise in energy Leverage under-utilised consumption resource Fluctuating & Energy independence for increasing prices high
Slide 6: Growth Platform for White Energy Upgraded Coal
Growth Platform for White Energy Upgraded Coal Significant progress has been made in our prioritised coal markets Indonesia United States Africa China Australia Key • Bayan • Peabody Energy • Black River • In discussion • South Australia n Partners Resources • Buckskin Coal Limited • Commence • Rece
Slide 7: Update on KSC's Tabang Plant
Update on KSC’s Tabang Plant KSC has completed the construction of the Tabang plant and is ramping-up production Although the core BCB Process continues to work well, production rates have been hampered by: – Coal injection system – Dust extraction system Practical engineering solutions have bee
Slide 8: Takeover of South Australian Coal Limited
Takeover of South Australian Coal Limited The proposed SACL acquisition will create significant value through the merger of the BCB Technology and a large sub-bituminous coal field in South Australia Attractive portfolio of Industry leading coal upgrading technology coal assets A large deposit o
Slide 9: Transaction Mechanics
Transaction Mechanics The off market takeover will occur via a mainly scrip offer (with a minimum cash alternative), and include a mix of upfront consideration and performance shares Offer Terms • Mainly scrip consideration, with SACL Shareholders receiving WEC shares based on valuation of SACL’s co
Slide 10: South Australian Coal Limited
South Australian Coal Limited SACL owns a large reserve of sub-bituminous coal. SACL is an unlisted public company that is controlled by the ex-Felix Resources board and management team SACL owns Exploration Licence 3386 containing the Lake Phillipson Coal Deposit with an inferred and indicated su
Slide 11: Potential Uses of the Lake Phillipson Deposit
Potential Uses of the Lake Phillipson Deposit Lake Phillipson Coal Deposit Gawler Craton Sell high Develop Upgrade coal via Identify new coal moisture coal minerals and BCB Technology technologies domestically base metals The high moisture South Australia As an owner of a coal The Gawler Cra
Slide 12: Merged Entity
Merged Entity The merger is a ‘game-changing’ transaction for WEC – it matches ownership of a significant coal resource with our unique upgrading technology Owner of a highly White Energy today The ‘New’ White Energy complimentary set of assets – Owner/developer of low cost Australian coal deposit –
Slide 13: Coal Industry Specialist Board
Coal Industry Specialist Board A highly regarded board and management team with an industry wide reputation for delivery and execution of major coal projects Post Acquisition Board of Directors and CEO Highly experienced Board and management team Travers Duncan Chairman Ex-Felix Resources Chairm
Slide 14: Strong Platform for Growth
Strong Platform for Growth WEC’s acquisition of SACL and accompanying capital raising provides a strong platform for growth and allows for participation in future coal sector opportunities The addition of the ex-Felix Resources Board and management team further demonstrates the confidence in the B
Slide 15: Competent Person Statement
Competent Person Statement The information in this presentation which relates to the potential acquisition of South Australian Coal Limited by White Energy, and relates to the Exploration Results, Mineral Resources or Ore Reserves at EL 3386 is based on information compiled by Jonathan Barber, who i
Slide 16: Forward Looking Statements
Forward Looking Statements Except for the historical information contained herein, the matters discussed in this presentation contain forward- looking statements, including statements, containing the words “planned”, “expects”, “believes”, “strategy”, “opportunity”, “anticipates”, and similar words.
Slide 17: Maritime Trade Towers, Sydney
Maritime Trade Towers Level 20, 201 Kent Street Sydney, NSW 2000 Telephone: +61 2 9959 0000 Facsimile: + 61 2 9959 0099 Email: info@whiteenergyco.com ABN 62 071 527 083
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