Phoslock Environmental Technologies Limited · ASX:PET
Phoslock Environmental Technologies — Shareholder Meeting (May 2023)
28 slides from Phoslock Environmental Technologies's shareholder meeting presentation, May 23, 2023
Slide 1: Annual General Meeting 2023
23 MAY 2023 Annual General Meeting 2023 World leaders in water remediation Driving sustainable growth
Slide 2: Disclaimer
Disclaimer 2023 ANNUAL GENERAL MEETING Statements contained in this presentation, particularly those regarding possible or assumed future performance, estimated company earnings, potential growth of the company, industry growth or other trend projections are or may be forward looking statements. Suc
Slide 3: Mr David Krasnostein AM, Chairman
2023 ANNUAL GENERAL MEETING Mr David Krasnostein AM Chairman 3
Slide 4: Items of Business
Items of Business 2023 ANNUAL GENERAL MEETING 1. Consideration of the 2022 Annual Report of the Company 2. Resolution 1: Adoption of the Company’s Remuneration Report 3. Resolution 2: Re-election of Mr Barry Sechos as a Director of the Company 4. Other business, should there be any 4
Slide 5: How to vote
How to vote 2023 ANNUAL GENERAL MEETING When the poll is open, select the vote icon at the top of the screen To vote, select either For, Against or Abstain You will see a vote confirmation To change or cancel your vote “click here to change your vote” at any time until the poll is closed 5
Slide 6: Proxies before meeting
Proxies before meeting 2023 ANNUAL GENERAL MEETING Securities On Issue 624,390,509 Valid Securities Voted (For, Against, Open Usable, Open Conditional) 51,193,907 Valid Securities Voted (%) 8.20 Total Securityholders Cast 182 Open Open Resolution For Against Abstain Excluded Board Non-Board Voted 33
Slide 7: How to ask a question
How to ask a question 2023 ANNUAL GENERAL MEETING To ask a written question select the Q & A icon Select the topic your question relates to from the drop-down list Type your question in the text box and press the send button To ask a verbal question follow the instructions below the broadcast window
Slide 8: Mr David Krasnostein AM, Chairman
2023 ANNUAL GENERAL MEETING Mr David Krasnostein AM Chairman 8
Slide 9: Mr Lachlan McKinnon, Managing Director / CEO
2023 ANNUAL GENERAL MEETING Mr Lachlan McKinnon Managing Director / CEO 9
Slide 10: Today's topics
Today’s topics 2023 ANNUAL GENERAL MEETING 2022 Performance Growth Strategy Outlook for the company 1010
Slide 11: 2022 Performance
2022 Performance 2023 ANNUAL GENERAL MEETING Key Impacts On Full Year Financials 12 months to 12 months to Project delays continue Gross margin lower on Key financial results 31 December 2022 31 December 2021 to impact sales increased freight costs Revenues $3.0 million $6.3 million Gross Profit $1.
Slide 12: Reinforcing our strategy
Reinforcing our strategy 2023 ANNUAL GENERAL MEETING Diversification of market segments delivering new opportunities New product & service offerings Phoslock now represented across all regions ‘Distribution-led’ go to market model 12
Slide 13: Focus: accessible, reliable and repeatable business model
Focus: accessible, ‘Distribution-led’ reliable and go-to-market repeatable business model 2023 ANNUAL GENERAL MEETING Large lake projects: ‘Direct’ sales to the ‘large lakes and unpredictable, ‘lumpy’, waterbodies’ segment impacted by funding delays and COVID Focus on smaller, but more accessible, r
Slide 14: Distribution network
Distribution network 2023 ANNUAL GENERAL MEETING Distribution partners to Europe lead the in-country, • Retail and application/environmental specialists: SSI (UK), Aquatic Solutions smaller, repeatable (UK), I-Am Data (NL, BE), Unique Koi (GE) applications of both • 4 more in discussion in UK, NL, I
Slide 15: 2022 Applications Summary
2022 Applications Summary 2023 ANNUAL GENERAL MEETING Europe Heemtuin (NL) China Wolvenvallei (NL) USA Heritage Lock (UK) Xipaizihe Reservoir Belgium 1 Ziyang Lake Montana Shahu Lake Poland 1 Texas Germany 4 Wyoming Great Lakes Region (WI, MI, IL, IN, OH) East Coast (PA, DE, NJ, NC, SC, VA, WV) Sout
Slide 16: 2023 Applications Summary
2023 ( as mid-May 2023 ) Applications Summary 2023 ANNUAL GENERAL MEETING China Europe Poland USA Netherlands Lake Leslie 2 x Belgium treatments Multiple locations in Quotes submitted recently: multiple states, using the large project in the Netherlands; established growth in mid-sized project for G
Slide 17: New product portfolio
New product portfolio 2023 ANNUAL GENERAL MEETING New opportunities for the business Complete solution to addressing flowable water remediation issues AU, NZ, Europe and USA 17
Slide 18: Focused R&D program
Focused R&D program 2023 ANNUAL GENERAL MEETING New product opportunities Internal research and development program Recent Phoslock studies Potential to reduce GHG emissions Can reduce methane by up to 74% Incentive for government authorities and commercial and industrial customers 18
Slide 19: Growth Strategy Key Drivers
Growth Strategy 2023 ANNUAL GENERAL MEETING Key Drivers Customer & Manufacturing Research & People, Commercial & Supply Chain Development Performance & Culture 19
Slide 20: Manufacturing & Supply Chain
2023 ANNUAL GENERAL MEETING Wyoming Business Council grant for second manufacturing plant Investment to improve China plant capacity Manufacturing & Supply Chain 20
Slide 21: People, Performance & Culture
People, Performance & Culture 2023 ANNUAL GENERAL MEETING Clear aspiration + Diverse capability + = Unlocked potential Networked culture Our culture invites people to Care, Collaborate and be Courageous 21
Slide 22: Projects Summary
Projects Summary 2023 ANNUAL GENERAL MEETING 80 7 27 25 21 Projects in Very Small Medium Large pipeline Large North America South America Europe Africa Asia Oceania 22
Slide 23: Projects Summary
Projects Summary 2023 ANNUAL GENERAL MEETING 32 2 Agricultural Run-off Projects in 19 pipeline Waterway Restoration 1 Aquaculture North America South America Europe Stormwater Africa Management Asia Oceania 10 Wastewater Treatment 23
Slide 24: Outlook
Outlook 2023 ANNUAL GENERAL MEETING Slow to recover Greater Remain strongly Focused on Expect to see following regulatory and placed to executing sales revenues grow COVID-related community capitalise in strategy over coming impacts and attention remediation months, general activity in increased eco
Slide 25: Mr David Krasnostein AM, Chairman
2023 ANNUAL GENERAL MEETING Mr David Krasnostein AM Chairman 25
Slide 26: Resolutions
Resolutions 2023 ANNUAL GENERAL MEETING Item 2 Adoption of the Company’s Remuneration Report (Resolution 1) – advisory resolution only Item 3 Re-election of Mr Barry Sechos as a Director of the Company (Resolution 2) 26
Slide 27: Proxies before meeting
Proxies before meeting 2023 ANNUAL GENERAL MEETING Securities On Issue 624,390,509 Valid Securities Voted (For, Against, Open Usable, Open Conditional) 51,193,907 Valid Securities Voted (%) 8.20 Total Securityholders Cast 182 Open Open Resolution For Against Abstain Excluded Board Non-Board Voted 33
Slide 28: Thank you
Thank you ASX Code: PET Unit D, Level 2, 650 Chapel Street T +61 3 91100002 South Yarra VIC 3141 W www.petwatersolutions.com AUSTRALIA Lachlan McKinnon – CEO E lmckinnon@phoslock.com.au Greg Slade - Investor Relations E ir@phoslock.com.au
Phoslock Environmental Technologies — Shareholder Meeting (May 2023) on 6ix