Evergreen Energy — Investor Presentation (September 2011)
21 slides from Evergreen Energy's investor presentation, Sep 23, 2011
Slide 1: Investor Presentation
Exhibit 99.1 Investor Presentation September 2011 www.evgenergy.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements in this presentation that relate to future plans or projected results of Evergreen Energy Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "P
Slide 3: Introduction
Introduction Formed in 1984 and headquartered in Denver, CO, Evergreen Energy Inc. is a leading innovator in coal upgrading technology. Evergreen’s proprietary K-Fuel® process is engineered to upgrade the world’s abundant reserves of lignite and sub-bituminous coals using heat and pressure, thus tra
Slide 4: Introduction Continued
Introduction Continued Evergreen and Australia based WPG Resources recently formed a joint venture named Southern Coal Holdings (SCH), which is based in Australia and has access to sufficient coal resources to support one or more 1 million tons per year (MMTPY) K-Fuel® plants with a maximum K-Fuel®
Slide 5: K-Fuel USA Operations International
K-Fuel® USA Operations International Operations Engineering, Technology Asia Pacific Southern Coal Evergreen-China NA Marketing Center London Marketing Holdings Pty Energy Technology, (Denver, CO) (Gillette, WY) Office (Singapore) Australia Ltd Co. Ltd. Beijing (50% interest) (30% interest) 5
Slide 6: K-Fuel Process
EE EverGreen energy tnc K-Fuel® Process
Slide 7: K-Fuel Business Summary
K-Fuel® Business Summary Evergreen Energy’s K-Fuel® is a proven coal upgrading process that is market- ready and can be deployed in a large and addressable, growing global market § K-Fuel® is a patented coal technology that upgrades low value sub-bituminous, lignite and brown coals to high ranking t
Slide 8: Value Proposition - The Global Opportunity
Value Proposition - The Global Opportunity § Coal upgrading technologies are becoming increasingly relevant as the supply of low moisture high rank thermal coals are in decline in North America and Asia. § Approximately 465 billion tons of coal or 47% of world’s reserves are sub-bituminous, lignite
Slide 9: Value Proposition - The Economic Opportunity
Value Proposition - The Economic Opportunity § K-Fuel® upgrades low rank coal reserves and helps take advantage of the price spread that exists between low rank and high rank coal prices. § An installed production capacity of just 5MMTPY could yield an forecasted EBITDA over $190 million - an extrem
Slide 10: K-Fuel Process
K-Fuel® Process § The K-Fuel® process was developed at Stanford Research Institute by Edward Schematic Overview of the K-Fuel® Process Koppelman. Over the last 20+ years, extensive research and development, together with pilot and commercial scale facility design, construction and operation have res
Slide 11: Other Technology Applications
Other Technology Applications Activated Carbon/PCI § EEE has extensive corporate experience in the application of technology to transform carbonaceous feedstocks (including coal and biomass) into higher value-added products. § EEE’s previous work includes ownership of patents related to activated ca
Slide 12: EEE Business Model
EEE Business Model § 3 DISTINCT REVENUE STREAMS § EBITA Sharing Agreement § EEE receives a pre-determined earnings stream from the profitable operation of a K-Fuel® plant. § Equity Earn-In Agreement to the Plant § EEE receives a minority interest in plant after partner recoups its capital and relate
Slide 13: Southern Coal Holdings
Southern Coal Holdings Evergreen Energy’s Strategic Joint Venture with WPG Resources 13
Slide 14: Southern Coal Holdings Pty. Ltd. Structure
Southern Coal Holdings Pty. Ltd. Structure § NYSE Arca under symbol: EEE § ASX Listed: WPG § Shares outstanding: 25,701,845 § Shares outstanding: 268,500,000 § Share Price 9/20/11- $1.10 § Share Price 9/20/11- $1.23 § Market Cap: $28,000,000 § Market Cap: $305,000,000 § 52 Week Range: $0.52 - $4.98
Slide 15: Southern Coal Holdings: A Strategic Joint Venture
Southern Coal Holdings: A Strategic Joint Venture § On June 9, 2011, Evergreen and WPG announced the finalization of the venture known as Southern Coal Holdings (SCH), which is equally owned by WPG and Evergreen. § SCH owns coal resources in South Australia, the most important of which are Penrhyn (
Slide 16: Southern Coal Holdings: A Strategic Joint Venture
Southern Coal Holdings: A Strategic Joint Venture Bob Duffin WPG Chairman - June 10, 2011 § “WPG conducted extensive due diligence on the upgrading sector prior to the selection of Evergreen’s K-Fuel® process.” § “WPG has no doubt that the process works at both the laboratory and production plant sc
Slide 17: Port Pirie Development Plan
Port Pirie Development Plan § WPG is currently in process of a pre- feasibility study analysing Port Pirie for a possible export terminal and K-Fuel® processing plant . § Advantages of location: § Existing Capacity § Existing rail infrastructure § Use Penrhyn coal as feedstock Port Pirie, South Aust
Slide 18: SCH Penrhyn and Lochiel North Coal Projects
SCH Penrhyn and Lochiel North Coal Projects Penrhyn Coal Project Permian semi-bituminous coal in the Arckaringa Basin Resource: Sub-Bituminous Coal resource of 200 - 300 million metric tonnes (MMT) Project Update: • WPG is mid way through a drilling program aimed at outlining 200MMT Inferred Coal Re
Slide 19: Testing Program
Testing Program § Tested both Penrhyn and Lochiel coals - August and September 2011. § After initial test results were analysed from Lochiel North and Penrhyn it is likely that SCH will focus on the development of the Penrhyn coal assets which could include a K-Fuel® plant § Highlights of the Penrhy
Slide 20: Penrhyn Test Results
Penrhyn Test Results Composite #1 Parameter Coal K-Fuel® Produced CV - kcal/kg 3595 5521 Chlorine % Dry Basis 1.74 0.68 Sodium % Dry Basis 1.4 0.8 Moisture 43.30% 12.96 Composite #2 Parameter Coal K-Fuel® Produced CV - kcal/kg 3322 6410 Chlorine % Dry Basis 2.8 0.7 Sodium % Dry Basis 1.52 0.66 Moist
Slide 21: K-Fuel is a value-added product
K-Fuel® is a value-added product § K-Fuel® upgrading technology processes low quality sub-bituminous coal resulting in: § Higher energy value - Demonstrated to increase the efficiency and heating value of sub-bituminous, lignite and brown coals by 30% on average, accomplished by decreasing equilibri
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