Delorean Corporation Ltd · ASX:DEL
Delorean — Shareholder Meeting (November 2022)
26 slides from Delorean's shareholder meeting presentation, Nov 30, 2022
Slide 1: Australia's future in bioenergy and renewables
For personal use only Australia’s future in bioenergy and renewables AGM Presentation Nov 2022 www.deloreancorporation.com.au
Slide 2: Important Notice & Disclaimer
Disclaimer For personal use only Important Notice & Disclaimer This document is confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This document is neither a prospectus nor an offer to subscribe for Shares. The purpose of this presentation is to provide gener
Slide 3: Introduction
Delorean Corporation For personal use only Introduction Delorean Corporation (ASX: DEL) is a vertically integrated business operating in two high growth investment sectors – renewable energy and waste management. Delorean is leading the Australian market with commercial production of bioenergy and i
Slide 4: Vertically Integrated Renewable Energy Business
Vertically Integrated Renewable Energy Business For personal use only Our Vision - To be recognised as Australia and New Zealand’s leading emerging renewable energy generator and retailer, led by our fast- growing infrastructure footprint The Strategy - The core focus of the business is to develop,
Slide 5: Investment Strengths
Delorean Corporation For personal use only Investment Strengths: Agreement for fully funded development program • Conditional funding partnership with Palisade Impact provides the capitalisation and fast tracking of Delorean’s own renewable energy infrastructure Track record of deliverability • Prov
Slide 6: Revenue Model
Delorean Corporation Revenue Model ▪ Develop, own, operate and monetise renewable energy infrastructure projects in Australia and New Zealand For personal use only ▪ DEL model benefits from multiple revenue streams Waste Disposal Energy Generation EPC Contracts Energy Retailing Gate fees for accepti
Slide 7: Agreement for Fully Funded Development Program
Delorean Corporation Agreement for Fully Funded Development Program For personal use only Palisade Impact Funding Partnership • $5M cash payment to Delorean via a convertible note to support the Company’s working capital requirements - includes progress on the detailed design work for immediate proj
Slide 8: Project Update VIC1 and SA1
Delorean Infrastructure Project Update VIC1 and SA1 For personal use only VIC1 Stanhope Bioenergy Plant SA1 Salisbury Bioenergy Plant Located in Stanhope, Victoria Located in Salisbury, South Australia • 54,000TPA bioenergy facility (Stage 1) • 70,000TPA bioenergy facility • Green electricity genera
Slide 9: DEL-owned Project Development and Build Pipeline
DEL-owned Project Development and Build Pipeline Across Australia and New Zealand For personal use only QLD +2 COMPLETED PROJECTS QLD1 EPC CONTRACTS WA +4 Funding Partnership Near-Term Projects *Right of first offer NSW +3 DELOREAN’S CURRENT PROJECTS NSW1 NSW2 2022 PIPELINE PROJECTS ECOGAS, NZ JANDA
Slide 10: Project Development Pipeline
Delorean Infrastructure Project Development Pipeline For personal use only NSW1 Bioenergy Plant QLD1 Bioenergy Plant Located in Horsley Park, New South Wales Located in Queensland • Full Capacity - 120,000 TPA • 130,000 TPA bioenergy facility • Green Biomethane Generation – 210 (Tj’s/annum) • Emissi
Slide 11: Strategic Progress: Brickworks Partnership
Delorean Infrastructure Strategic Progress For personal use only Brickworks Building Products Partnership • Delorean and Brickworks are collaborating to build and operate bioenergy plants that will create green gas and electricity for use in Brickworks’ NSW brick manufacturing operations • The compa
Slide 12: Track Record Of Deliverability
Delorean Track Record Of Deliverability Innovation and success For personal use only Blue Lake Milling, SA Bioenergy Plant Ecogas, NZ Bioenergy Plant Richgro, WA Bioenergy Plant $7.6M contract value $10.1M contract value $9.5M contract value Located in Bordertown, South Australia Located in Reporoa,
Slide 13: Blue Lake Milling performance testimonial
”The fundamental performance of the Blue Lake Milling bioenergy plant has substantially For personal use only exceeded widely accepted knowledge on bio-methanation of oat husks and similar cellulosic agricultural wastes.” -Dr. Ralf Cordruwisch is a Water and Bio-processing Scientist and Consultant,
Slide 14: Delorean awarded Yarra Valley Water contract
Track Record Of Deliverability continued: Delorean awarded Yarra Valley Water contract For personal use only • In Q4 FY2022 Delorean was awarded the contract for YVW’s $45M bioenergy facility, with an additional $7.3M for operations and maintenance • This new facility will be one of the largest food
Slide 15: ESG Credentials: Green Gas from Bioenergy
Delorean ESG Credentials Green Gas from Bioenergy For personal use only Greenpower’s Renewable Gas Certificate Program • GreenPower is a government managed program that supports greater renewable energy production in Australia • GreenPower is developing a Renewable Gas Certification Pilot that will
Slide 16: Major tailwinds in Australian & Global Renewable Energy Market
Delorean ESG Credentials Major tailwinds in the Australian & Bioenergy in Australia Global Renewable Energy Market For personal use only DEL Benefits From Current Policy and Market Tailwinds: • Increase by government to 43% carbon emission reductions by 2030 • Federal Government signing up to the gl
Slide 17: ESG Credentials
Delorean ESG Credentials: Adopted and commenced reporting on the Established our Attained triple Joined the For personal use only Published our Task Force for Sustainability Highlights FY23: ESG reporting framework ESG strategy ISO Certification in 2022 United Nations Global Compact Climate-related
Slide 18: Outlook for FY 2023
Outlook for FY 2023 Update Across the Segments For personal use only Infrastructure Division: • Project Financing Agreement completed for SA1 & VIC1 Projects • VIC1 & SA1 projects commence construction • Advance Brickworks collaboration towards FID Engineering Division: • Complete Yarra Valley Water
Slide 19: Quote from Palisade Impact CEO
For personal use only “We see great opportunity to facilitate the race to zero, by reducing waste to landfill but also in decarbonising harder to abate sectors. Moreover, bioenergy presents a new sector that can catalyse future job growth for a new generation of Australians.” 19 - Steve Gross, CEO o
Slide 20: FY 2023 Investment Highlights
FY 2023 Investment Highlights For personal use only • Binding agreement reached to form a multi-project development partnership with Palisade Impact, providing the capital to underpin the next important phase of growth • The funding for up to $200M catalyses the transition to the owner/operator mode
Slide 21: FY22 Financial Overview
FY22 Financial Overview Company Review For personal use only FY22 Revenue Revenue Growth $39.3M 41% Uplift from $27.9M FY2021 to FY2022 FY2021 Group Earnings Cash Position ($1.7M) $3.1M Underlying EBITDA As at 30/6/2022 21
Slide 22: Corporate snapshot and Strong Leadership
Corporate snapshot Strong Leadership For personal use only ASX Code DEL Hamish Jolly Steve Gostlow Share Price $0.077 Executive Chair & Co-Founder Non-Executive Director Hamish is a seasoned executive and holds Steve has over 20 years’ experience in the waste Ordinary Shares on 215,720,915 a Bachelo
Slide 23: Contact
For personal use only Contact Investor Relations Bianca Barlow Joe Oliver Delorean Corporation Managing Director Ground Floor, 1205 Hay Street Ground Floor, 1205 Hay Street West Perth WA 6005 West Perth WA 6005 T (08) 6147 7508 T (08) 6147 7575 E info@deloreancorporation.com.au info@deloreancorporat
Slide 24: Appendix: Business Overview
APPENDIX Business Overview For personal use only 24
Slide 25: Bioenergy Market in Australia
Business Overview Driven by 2019 National Government Waste Policy to: “Halve the amount of Organic Waste sent to landfill by 2030” Bioenergy Market in Australia For personal use only Australia produces ~40M tonnes / annum of organic waste* +20% Landfill Levies are increasing waste recovery and colle
Slide 26: Business Overview: Pipeline Developed as of 2022
Business Overview Pipeline Developed as of 2022 For personal use only Projects Grants Biogas ~ $500M $30M 135M proposed projects in grants applied for both m3/annum of biogas early-stage engagement/ State and Federal across produced feasibility/ development/ Australia construction Waste Energy Emiss