Arq, Inc. · NASDAQ:ARQ
Arq — Advanced Emissions Solutions — Merger or Acquisition (February 2023)
9 slides from Arq's merger presentation, Feb 1, 2023
Slide 1: Advanced Emissions Solutions Announces Acquisition of Arq
Advanced Emissions Solutions, Inc. Nasdaq: ADES Advanced Emissions Solutions Announces Acquisition of Arq February 1, 2023
Slide 2: Forward-looking statements
2 This presentation includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a “safe harbor” for such statements in certain circumstances. When used in this presentation, the words “can,” “will,” “intends,” “expects,” “believes,” si
Slide 3: Investment Highlights
Investment Highlights 3 Strong balance sheet and market position support business plan execution Addressing growing and underserved markets for critical materials Synergistic acquisition repositions business for growth through higher value products Competitive advantage via product performance, cost
Slide 4: Consolidated Business
Consolidated Business • Top 3 US Activated Carbon (“AC”) Producer with strong existing customer base • Environmental technology company producing carbon products and feedstock from coal waste • Vertically integrated carbon products business with strong existing customer base and patent protected bar
Slide 5: Transaction Terms Comparison
5 (1) Debt provider will obtain penny warrants for 1% of the pro-forma entity (2) Preferred stock includes a coupon of 8% that will increase by 200 basis points at determined intervals if not previously converted due to a shareholder vote Transaction Terms Comparison Initial Transaction Terms Final
Slide 6: Management team
6 CK Lane – Operations Director CK has over 42 years of experience in mining, ranging from hourly employee to COO and Senior VP managing 2,400 employees. Prior to Arq, CK was Managing of CKL Consulting, serving the mining and energy industry. Joe Wong – Chief Technology Officer Joined ADES in 2018 a
Slide 7: Board of Directors
7 Board of Directors Julian McIntyre – Director Julian is the founder of Arq Limited which he started in 2015. Julian is a serial entrepreneur and was the founder of Rift Petroleum, Gateway Communications and founding shareholder of Greenfire Resources. Richard Campbell-Breeden – Director Richard cu
Slide 8: Outlook & Key Milestones
8 2025 • Full-year production and sales of GAC related to initial capabilities • Development of expanded GAC production capabilities • Expand market, product and geographic diversity for AC products 20242023 • Produce and sell first GAC products from Arq powder™ • Commercial scale operations at Corb
Slide 9: Pro Forma Financial Profile: Significant Growth Opportunities
Pro Forma EBITDA Pro Forma Revenue $106 $130 $200 2023E 2024E Full Scale Pro Forma Financial Profile: Significant Growth Opportunities 9 ($ in millions) Estimated Sales Product Mix • Estimated Transaction Date of January 1, 2023 • Pro forma includes the combination of the Arq Limited business and Ad
Advanced Emissions Solutions — Merger or Acquisition (February 2023) on 6ix