Tomco Energy Plc · LSE:TOM
Tomco Energy — Investor Presentation (February 2022)
21 slides from Tomco Energy's investor presentation, February 2022
Slide 1: February 2022
February 2022 www.tomcoenergy.com
Slide 2: Summary
Summary Ø TomCo Energy plc (“TomCo”) has long Ø Robust Economics NPV(10%) $777mm & track record of investment in energy IRR 157%: sector and has operated in Utah for >10 • Unlevered years • Forward Curve (Jan 8, 2022) • No terminal value estimated at end of forecast period Ø Greenfield Oil Sand Reme
Slide 3: Sections
Sections Section Page Summary 2 TomCo Energy plc 4 Greenfield Oil Sand Remediation Plant 7 Greenfield Cash Flow & Scenario Analysis 13 Advisors & Contact Details 19 Disclaimer† 20 † - The Reader’s attention to drawn to the Disclaimer, which forms an integral part of this document and is to be read i
Slide 4: TomCo Energy plc ("TomCo")
TomCo Energy plc (“TomCo”) Title Page Company Highlights 5 Board & Management Team 6 www.tomcoenergy.com 4
Slide 5: Company Highlights
Company Highlights Utilising Innovative Technologies to Unlock Value Ø Focussed on utilising innovative technologies to unlock value from unconventional hydrocarbon resources: • Oil Sand Remediation: entered a joint venture in 2020 with Valkor to utilise 3rd party Oil Sand Technology Delivering Valu
Slide 6: Experienced Board & Management Team
Experienced Board & Management Team John Potter: CEO & Executive Director • Accomplished Chief Executive and project manager with many years' experience working within the energy sector • Wide range of skills, knowledge and industry connections • Proficient in identifying, understanding and managing
Slide 7: Greenfield Oil Sand Remediation Plant "Greenfield"
Greenfield Oil San Remediation Plant “Greenfield” Title Page Outline 8 Location 9 Process 10 Development Milestones 11 Project Delivery Team 12 www.tomcoenergy.com 7
Slide 8: Outline
Outline Ø Plant to be located in Vernal Utah Ø Solvent composition optimised for Rimrock Ø Commercially viable oil sand remediation sandstone formation project • 3:1 v/v solvent ratio • A commercial solution to reduce • Closed loop, no solvent loss environmental impact • Volatile organic compounds (
Slide 9: Location
Location Ø The Greenfield oil sand remediation plant is located to the Northwest of Vernal Utah Ø Site in receipt of a full mining permit Ø Utilities infrastructure in place Ø Minable resources with an average strip ratio of 2:1 Ø Significant reserves and economic returns confirmed by CPR • CPR publ
Slide 10: Process
Process www.tomcoenergy.com 10
Slide 11: Development Milestones
Development Milestones Detailed Concept Select FEED FID Finance Development Commissioning Design •Review design •Operational •Secure blended •Order long-lead •Assess •Assess cost and optimisation funding, items performance risk profile •Detailed design optimising •Prepare plant and train staff •Reso
Slide 12: Project Delivery Team
Project Delivery Team Ø Team comprised of 4 members Valkor: • TomCo Energy plc Ø Design, build & transfer • Valkor LLC Ø Key skills - Kahuna Ventures LLC • Engineering - MI Swaco • Procurement • Construction Ø Each member brings differing experience • Training and skillset • Commissioning management
Slide 13: Greenfield Cash Flow & Scenario Analysis
Greenfield Cash Flow & Scenario Analysis Title Page Key Metrics 14 Output Prices: Liquids Hydrocarbons 15 Output Prices: Sand 16 Base Case Net Cumulative Cash Flow (2021 – 2035 – Unlevered) 17 Scenario Analysis Results 18 www.tomcoenergy.com 13
Slide 14: Key Metrics
Key Metrics Ø Greenfield developed to target the remediation Ø Differentiated revenue streams provide of the Utah oil sands commodity price resilience • Liquids Hydrocarbons: Stronger Ø Economics NPV(10%) $777mm, IRR 157% outlook, but economics based of • 25 year model Forward Curve January 8, 2022,
Slide 15: Output Prices: Liquid Hydrocarbons
Output Prices: Liquid Hydrocarbons Ø Two heavy products produced, depending on 100 operating configuration • Asphalt: - Inline reconfiguration of plant 90 - <10˚ API – priced at a premium to WTI ‣ Current $105/bbl • Heavy Oil: 80 - Deemed “sweet” (<1% wt Sulphur) Price ($/bbl) - 11˚ API – priced at
Slide 16: Output Prices: Sand
Output Prices: Sand Ø Sand priced according to end segment: 250 Ø Industrial Sand: • Predominantly driven by Frack & Well segment demand 200 - ~10 – 70% of total Industrial Sand demand Selling Price ($ Te-1) 150 - Demand driven by oil price - Price driven by oil price Held flat over term 100 Ø Const
Slide 17: Base Case Net Cumulative Cash Flow (2021 – 2035 – Unlevered)
Base Case Net Cumulative Cash Flow (2021 – 2035 – Unlevered) 1,400 1,200 1,000 Cumulative Cash Flow ($mm) 800 600 400 200 - (200) 22 24 26 28 30 32 34 36 38 40 20 20 20 20 20 20 20 20 20 20 www.tomcoenergy.com 17
Slide 18: Scenario Analysis Results
Scenario Analysis Results Base Case Parameter Units P90 P50 P10 Scenario Technically mm bbl 42.2 37.1 44.4 51.6 Recoverable Contingent mm bbl 40.1 35.2 41.7 48.7 Resources Oil Reserves mm bbl 40.1 35.3 41.7 45.6 Sand Reserves mm Te 56.5 50.0 58.9 63.7 Pre-Tax NPV(10%)† $mm 776.8 478.2 701.9 936.6 Po
Slide 19: Advisors & Contact Details
Advisors & Contact Details TomCo Energy plc NOMINATED ADVISER 48 Dover Street Strand Hanson Limited London W1S 4FF BROKER Novum Securities Limited T: +44 (0) 203 823 3635 E: info@tomcoenergy.com W: www.tomcoenergy.com AUDITORS BDO LLP IFC Advisory – Investor Relations REGISTRARS Birchin Court, 20 Bi
Slide 20: Disclaimer
Disclaimer The content of information contained in these slides and any accompanying verbal presentation that it is made only to certain categories of persons. Neither this Presentation nor any copy of it (together, the “Presentation”) has not been approved by an authorised person within the should
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