Slide 1: Betolar: From Waste to Innovations
BETOLAR From Waste to Innovations
Slide 2: Business Review January–September 2024
Business Review January–September 2024 New partnerships in the mining business Briefing November 1, 2024 Helsinki Business Review Nov 1, 2024
Slide 3: Agenda
Agenda • Main events in Q3 Presenting today • Business review • Financial review • Q&A Tuija Kalpala Mikko Wirkkala Soila Söderström President & CEO CFO SVP & General Councel Business Review Nov 1, 2024
Slide 4: Main events in Q3 2024
Main events in Q3 2024 Partnership with Partnership with Successfully 3 new patents for: New CFO Mikko Latitude 66 to Norge Mineraler to completed a direct • Large-scale use of Wirkkala joined the explore sustainable develop sustainable share issue, raising side streams in road, company on mining so
Slide 5: Business Review for Q3 2024
Business Review for Q3 2024 • The sales pipeline and the number of proposals sent increased. However, market conditions, particularly in the construction sector, remain challenging • Commercial agreement with Hycamite to explore the use of carbon nanofibers • New order for Geoprime pilot from Austra
Slide 6: Unique Betolar sidestream analysis
Speeding up industrial circular potential Unique Betolar sidestream analysis Easiest service to reveal material potential Enables circular economy Suitable for a wide range of industries Financial Statements Review Nov 1, 2024
Slide 7: First step towards zero waste potential for many industries
Betolar Sidestream analysis First step towards zero waste potential for many industries Betolar's years of development work, uniquely broad expertise and practical experience are combined into a new service. This is an enabler for scaling up Geoprime solutions. • Service that connects the expertise
Slide 8: Partnership for sustainable mining solutions in Kuusamo
Case Latitude 66 Partnership for sustainable mining solutions in Kuusamo The collaboration will enable to explore potential sustainable mining solutions through the utilisation of Betolar’s technology and innovations which will include the potential to minimise carbon emissions. • Latitude 66 and Be
Slide 9: Partnership for sustainable mining solutions in Norway
Case Norge Mineraler Partnership for sustainable mining solutions in Norway Norge Mineraler AS (NMAS) is exploring a world-class deposit of EU Critical Raw Materials in southwest Norway • The goal is to find solutions to minimize carbon emissions, reduce waste and create profitable solutions to side
Slide 10: Commercial agreement to explore the use of carbon nanofibers
Case Hycamite Commercial agreement to explore the use of carbon nanofibers Betolar and Hycamite have signed a commercial agreement to explore the use of carbon nanofibers in improving concrete's strength and reducing its carbon footprint. • This innovative project will focus on testing and developin
Slide 11: Cement-free shotcrete development continues
Case Outokumpu Cement-free shotcrete development continues Betolar is developing cement-free shotcrete for Outokumpu. This partnership aims to create a carbon-neutral or low-carbon alternative for Outokumpu’s Kemi mine. • The first pilot has been successfully carried out at the Kemi mine • The proje
Slide 12: Global shotcrete market is worth 7 B€
INDICATIVE ESTIMATE Global shotcrete market is worth 7 B€, from which underground mines is estimated to take some 20–25% Global shotcrete market 2023 Shotcrete market in Europe for mines 2023 2023 CAGR 8 % 2031 Mines 7,2 B€ ~13,3 B€ • 25 operating underground • 509 operating underground mines in Eur
Slide 13: Financial review
Financial review Mikko Wirkkala CFO Financial Statements Review Nov 1, 2024
Slide 14: Financial Review
Financial Review Fina nc ia l indic a tors 7–9 7–9 1–9 1–9 1–12 (EUR thousand, unless otherwise specified) 2024 2023 2024 2023 2023 Net sales 276 167 551 298 515 EBITDA1 -974 -2,625 -4,623 -8,811 -11,181 Cash and cash equivalents and short-term fund investments (at the end of the period)1 10,748 14,
Slide 15: Actions taken to strengthen financial position
Actions taken to strengthen financial position • Majority of cost structure adjustment measures to reach €5 million annual cost savings were completed • In April 2024, Betolar restructured the organization, introduced new business models and ways of working, and reduced fixed costs. As a result of t
Slide 16: Questions & Answers
Questions & Answers Soila Söderström SVP & General Councel Financial Statements Review Nov 1, 2024
Slide 17: Q&A
Q&A 1 November Business Review Nov 1, 2024 2024
Slide 18: Thank you for your interest!
Thank you for your interest! Next event 5 February 2025: Financial Statements bulletin 2024 release Business Review Nov 1, 2024
Slide 19: Betolar: From Waste to Innovations
BETOLAR From Waste to Innovations