ENTYR — Pearl Global — Investor Presentation (November 2022)
29 slides from ENTYR's investor presentation, Nov 24, 2022
Slide 1: Pearl Global Company update Capital raising
rsonal use only Pearl Global Company update Capital raising ABN 90 118 710 508
Slide 2: Pearl Global Limited overview
rsonal use only Pearl Global Limited (Pearl) is an Australian company applying unique, next-generation technology to cleanly convert waste tyres into valuable products. Pearl Global’s technology represents a significant advancement on other tyre recycling processes.
Slide 3: Solving the waste tyre problem
rsonal use only Solving the waste tyre problem Our patented thermal desorption technology converts end-of-life tyres into valuable products, such as fuel, carbon and steel. We are a complete environmental and circular solution beyond anything offered by other types of tyre recycling process. Offerin
Slide 4: Important Notice – Disclaimer
Important Notice – Disclaimer This presentation and the information contained Not financial product advice - The Presentation “expects, “predicts”, “intends”, “plans”, “targets”, expectations set out in the Presentation). within it (the “Presentation”) has been prepared is provided for general infor
Slide 5: Pearl Global
Pearl Global rsonal use only • Patented world first technology. • Has invested in excess of $30m to date developing patented process and is currently commercialising the Stapylton facility south of Brisbane. • Currently employs over 50 people. • Has diverted more than 2 million tyres to date from la
Slide 6: The scale of end-of-life tyre waste
The scale of end-of-life tyre waste 1. rsonal use only 2. 86% OF AUSTRALIAN 93% OF AUSTRALIAN 2,000 YEARS FOR WASTE TYRES WASTE MINING TYRES TYRES TO ARE EXPORTED TO BE ARE DECOMPOSE BURNT, DUMPED OR BURIED ON SITE. BURIED. Tyre dumping Courtesy: RMIT 1. Source: National Waste Policy Action Plan 201
Slide 7: The time for change is now
The time for change is now rsonal use only Pearl’s clean conversion process addresses multiple regulatory and governmental policy trends: New environmental Tighter govt Producer Policy makers law changes both policy responsibility addressing the at federal and state implemented laws for environmenta
Slide 8: Our patented process
Our patented process Thermal desorption units at Pearl Global’s Stapylton site. rsonal use only TDFO Reclaimed Products End Use rCB • Global patents: thermal energy process deployed through a dynamic management system. • High quality products, combined Tyre Collection Processing with low emissions,
Slide 9: Our products provide a world first solution
Our products provide a world first solution rsonal use only Tyre Derived Fuel Recovered Carbon Recovered High Gas Oil (TDFO) Black (rCB) Tensile Steel for energy • Replacement for diesel • Natural binding properties • High tensile steel is • Gases not condensed into in Asphalt burner of 75% pure car
Slide 10: A pathway to environmentally sustainable asphalt
rsonal use only A pathway to environmentally sustainable asphalt Pearl Global’s clean conversion technology takes waste tyres and reclaims high value products that support the improved safety, performance and longevity of roads, whilst decreasing asphalt’s environmental impact. PEARL GLOBAL 10
Slide 11: Redefining tyre recycling – not another crumbed rubber
Redefining tyre ‘recycling’ – NOT another crumbed rubber rsonal use only Crumbed Pearl’s Recovered PROVEN Benefits — Rubber Carbon Black Road Performance Asphalt using Pearl’s rCB provides • is shredded tyres • thermally treated at benefits that are associated with the (granules) temperature (powder
Slide 12: Long term decarbonisation benefits to asphalt customers
Long term decarbonisation benefits to asphalt customers from use of Pearl Global products rsonal use only kg CO2-e per tonne of asphalt produced In terms of Scope 1 and 3 100 Green House Gas (GHG) TDF embodied (Scope 3) emissions, the process 90 Diesel combustion TDF combustion (Scope 1) is estimate
Slide 13: Asphalt industry use planned to underpin expansion
Asphalt industry use of rCB and TDFO is planned to underpin Pearl Global’s Expansion rsonal use only AUSTRALIA GLOBAL Target regions Target countries 5 plants (4 new) • UK • Brisbane • USA (California) • Melbourne • Spain • Sydney • Perth • Adelaide 130kt capacity Circa 25% of waste tyre volume 3-5
Slide 14: Triple bottom line benefits – Future Australian footprint
Triple bottom line benefits – Future Australian footprint Pearl Global’s TDFO and rCB rsonal use only Circular economy Total CO2 – e Total CO2 – e benefit up to 29% reduction 805kg reduction 61,777 of Australia tyres per tonne of tyre tonnes of carbon being recycled processed or a with use in Asphal
Slide 15: Preparing for commercial readiness
Preparing for commercial readiness rsonal use only Proof testing the technology Building the process infrastructure Thermal desorption capacity proven at Install efficient materials handling commercial volumes infrastructure to enable the plant to run at commercial volumes Building our collections c
Slide 16: Clear pathway to full scale commercialisation in 2023
There is a clear pathway to full scale commercialisation in 2023 rsonal use only OBJECTIVE 1 OBJECTIVE 2 OBJECTIVE 3 OBJECTIVE 4 Infrastructure Optimise collections Grow off-take Develop skills & delivery customer base customers capabilities ✓ Increase customer density ✓ TDFO customer growth 3rd ✓ R
Slide 17: Commercialisation plan on track for H1 2023
Commercialisation plan on track for H1 2023 rsonal use only FY2023 JUL - SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Fuel handling & storage Carbon Shredder Carbon Carbon Part 3 Infrastructure Infrastructure* handling handling Part 1 Part 2 Feed automation delivery Rasper* Rasper 2 Operational format 4-
Slide 18: Industry leaders in pioneering the rCB market
Pearl Global are industry leaders in pioneering the rCB market in Australia – 1st Mover Advantage rsonal use only ASPHALT BITUMEN CIVIL ENGINEERING PRODUCT DESCRIPTION PROVEN AS A BINDING AGENT TO USED AS WET BINDER TO CREATE FOAM USED AS A BINDING AGENT OF ENHANCE SAFETY, PERFORMANCE BITUMEN – HELP
Slide 19: Progress expanding end users for rCB and TDFO
Successful progress made to expand end users for rcB and TDFO in Australian and internationally rsonal use only Downer EDI • Trial agreement signed to lead to long term commercial agreement • 30-day trial period (up to 2,000 tonnes rCB and 100,000 litres TDFO at commercial rates) • Partnering with n
Slide 20: Verification through independent studies
Verification of Pearl Global’s rcB and TDFO through independent studies with further testing underway Australian Road Research Board (ARRB) rsonal use only • Physical trials and report on rCB in Australian Roads completed - verified improved performance in roads. • Further reports to be commissioned
Slide 21: Summary
Summary • Making good progress with commercialisation plan rsonal use only • Locked in customer base for feed tyres • Off take market development • Site infrastructure installation • People - skills and resources • Government conversation has started • Stapylton lease extension locked in • Plan to b
Slide 22: Terms of Capital Raise
Terms of Capital Raise rsonal use only Offer size and structure Institutional placement (“Placement”) to raise up to approximately $6.8 million via the issue of approximately 454.7 million ordinary shares, comprising • Approximately $2.37 million via the issue of approximately 158.0 million ordinary
Slide 23: Use of Funds Summary
Use of Funds Summary rsonal use only The proceeds of the Equity Raising will be used to fund: • The commercialisation infrastructure at PG1’s Stapylton site; $4.0m • Design and engineering of the Gen 2 technology; $0.5m • working capital requirements; and $2.0m • the costs associated with the Equity
Slide 24: Timetable
Timetable rsonal use only Timetable information Trading Halt Tuesday, 22 November 2022 Institutional Placement opens Tuesday, 22 November 2022 Trading halt lifted – Securities recommence trading on ASX Thursday, 24 November 2022 Settlement Date of Placement Shares (tranche 1) Tuesday, 29 November 20
Slide 25: Appendices: Business risks
rsonal use only Appendices: Business risks
Slide 26: APPENDICES – Business Risks
APPENDICES – Business Risks APPENDICES – Business Risks This section discusses some of the key risks associated with an investment in Pearl Global Ltd. These risks may affect the future operating and financial performance of Pearl Global and the value of PG1 shares. rsonal use only The risks set out
Slide 27: APPENDICES – Business Risks
APPENDICES – Business Risks RISK DESCRIPTION rsonal use only Regulatory risk Recycling and the processing of waste is a highly regulatory environment. The Company is required to comply with a wide range of conditions and regulations (i.e. environmental, workplace health & safety and other operating
Slide 28: APPENDICES – Business Risks
APPENDICES – Business Risks rsonal use only RISK DESCRIPTION Intellectual property rights A substantial part of the Company’s expansion depends on its ability to protect its intellectual property and commercially sensitive information assets relating to its technology, maintain trade secret protecti
Slide 29: Contact Us
rsonal use only Contact Us David Wheeley Chief Executive Officer David.wheeley@pearlglobal.com.au pearlglobal.com.au