White Energy Company Limited · ASX:WEC
White Energy — FY2008 Earnings Presentation
20 slides from White Energy's earnings presentation, Sep 30, 2008
Slide 1: FY2008 Results Presentation
For personal use only White Energy Company Limited FY2008 Results Presentation 30 September 2008 1
Slide 2: Table Of Contents
Table Of Contents For personal use only Section 1 – Company Overview Section 2 – Financial Summary Section 3 – Operational Highlights FY08 Section 4 – Strategy For The Year Ahead Section 5 – Investment Highlights 2
Slide 3: Introduction
Introduction White Energy has a unique and commercially viable For personal use only technology that upgrades low quality coal to a high value product through a low cost production process. White Energy’s technology takes advantage of the prevailing margin between sub‐bituminous and bituminous coals
Slide 4: Building A Global Business
Building A Global Business Bayan Resources (Indonesia): Currently building first 1MTPA plant at the Tabang coal mine in Indonesia For personal use only with production capacity growing to 5MTPA. Bayan agreed to acquire up to 1.5 MTPA from the JV for four years after production commences representi
Slide 5: White Energy Operates On The Global Stage
White Energy Operates On The Global Stage For personal use only China / Mongolia Datang North America India NRG / Buckskin Indonesia Africa Bayan Adaro / Itochu South America Projects Underway Australia / Discussions Underway New Zealand 5
Slide 6: Building A Global Footprint
Building A Global Footprint For personal use only White WhiteEnergy Energy Company Company Africa Africa Indonesia Indonesia China China North NorthAmerica America India India South SouthAmerica America Bayan Datang NRG / Buckskin Assessing opportunities Resources (KSC) with both coal miners Assessi
Slide 7: Table Of Contents
Table Of Contents For personal use only Section 1 – Company Overview Section 2 – Financial Summary Section 3 – Operational Highlights FY08 Section 4 – Strategy For The Year Ahead Section 5 – Investment Highlights 7
Slide 8: Financial Commentary
Financial Commentary Consolidated entity’s total revenue for the year ended 30 June 2008 was A$4.0M, which includes For personal use only A$2.5M (2007: A$1.2M) interest income earned on cash deposits and A$1.2M income earned from coal sampling activities. Consolidated entity’s net loss from ordi
Slide 9: Financial Snapshot
Financial Snapshot Consolidated Balance Sheet For personal use only (A$000’s) 30 Jun 2008 30 Jun 2007 30 Jun 2006 Cash on hand at 30 June 2008 A$35M, Current Assets 40,056 18,411 6,700 with access to a further US$25M under the BHPB Financing Facility. Non Current Assets 108,113 67,482 59,126 Total
Slide 10: Table Of Contents
Table Of Contents For personal use only Section 1 – Company Overview Section 2 – Financial Summary Section 3 – Operational Highlights FY08 Section 4 – Strategy For The Year Ahead Section 5 – Investment Highlights 10
Slide 11: 2008 Highlights – Tabang Plant, Indonesia
2008 Highlights – Tabang Plant, Indonesia The Company continues to make good progress on all For personal use only major activities relating to the construction of the Binderless Coal Briquetting plant at the Bayan Resources Tabang Mine in East Kalimantan, Indonesia. Based on the latest project
Slide 12: 2008 Highlights – Cessnock Production Plant, Australia
2008 Highlights – Cessnock Production Plant, Australia In August 2008, the Company announced the completion of For personal use only construction of its 90,000 tonne per annum commercial scale production plant and successful production of upgraded coal at Cessnock, New South Wales. The design an
Slide 13: 2008 Highlights – NRG / Buckskin Project, USA
2008 Highlights – NRG / Buckskin Project, USA In March 2008, the Company signed a Development Agreement in North America with NRG Power For personal use only Marketing, LLC (wholly owned subsidiary of NRG Energy Inc.) and Buckskin Mining Company (indirect wholly owned subsidiary of Kiewit Corporat
Slide 14: 2008 Highlights – Other Initiatives
2008 Highlights – Other Initiatives International OTCQX listing: The Company’s American Depositary Receipt program began listing on the For personal use only International OTCQX effective 23 July 2008 (New York). The OTCQX listing will provide US based investors with easier access to buy and sell
Slide 15: Table Of Contents
Table Of Contents For personal use only Section 1 – Company Overview Section 2 – Financial Summary Section 3 – Operational Highlights FY08 Section 4 – Strategy For The Year Ahead Section 5 – Investment Highlights 15
Slide 16: Strategy For The Year Ahead
Strategy For The Year Ahead Indonesia For personal use only Finalise construction and commissioning of first Tabang Production Plant. Finalise plans to increase capacity at Tabang beyond the initial 1 MTPA coal upgrading module. Commence sales of upgraded coal to export markets. Commence const
Slide 17: Strategy For The Year Ahead (continued)
Strategy For The Year Ahead (continued) Capital Raising For personal use only Secure sufficient capital to meet medium‐term investment objectives through a combination of equity market raising and debt financing at a project level. Research & Development Cessnock Production Plant: Continue to wo
Slide 18: Table Of Contents
Table Of Contents For personal use only Section 1 – Company Overview Section 2 – Financial Summary Section 3 – Operational Highlights FY08 Section 4 – Strategy For The Year Ahead Section 5 – Investment Highlights 18
Slide 19: Key Investment Highlights
Key Investment Highlights Attractive coal markets with huge global market opportunity For personal use only Enormous untapped global market of 465 billion proven tonnes of low‐grade coal reserves. The potential increases due to the reduction in reserves of emission compliant coal, the growing emph
Slide 20: Forward Looking Statements
Forward Looking Statements For personal use only 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