Avantium N.v. · EURONEXT:AVTX
Avantium — Investor Day (June 2019)
35 slides from Avantium's investor day presentation, Jun 6, 2019
Slide 1: Technology & Markets Day: Path to a Fossil-Free World
Technology & Markets Day Path to a Fossil-Free World 6-June-2019
Slide 2: Welcome and Agenda
Welcome and Agenda 14:30 – 16:00 Plenary presentations: Path to Commercialization: Strategy of Avantium – Tom van Aken Path to Flagship Plant: Deep Dive Synvina – Marcel Lubben Q&A session 16:00 – 16:15 Break 16:15 – 17:15 Breakout sessions: Path to the Future – Gert-Jan Gruter (Palladium)
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Avantium N.V. (the “Company”). For the purposes of this notice, the presentation that follows (the “Presentation”) shall mean and include the slides that follow, the oral presentation of the slides by the Company, the question-and-answer session that
Slide 4: Strategy of Avantium: Path to Commercialization
Strategy of Avantium Path to Commercialization
Slide 5: The Innovation Paradox
The Innovation Paradox RISKS OF DEVELOPING DISRUPTIVE TECHNOLOGIES VERSUS THE DESIRE TO HAVE PREDICTABLE RESULTS
Slide 6: Company Strategy: Path to a Fossil-Free World
Company Strategy Path to a Fossil-Free World
Slide 7: The Dilemma: Going Climate-Neutral by 2050 vs Global Plastics Production
The Dilemma: Going Climate-Neutral by 2050 vs Global Plastics Production Source: Source: European Commission, brochure on going climate-neutral by 2050 – a strategic long-term Ryan, A Brief History of Marine Litter Research in M. Bergmann, L, Gutow, M, Klages vision for a prosperous, modern, competi
Slide 8: We Need Alternatives to Fossil Resources
We Need Alternatives to Fossil Resources Energy Alternatives CO2 emissions by source Wind Solar Hydro Biomass 76% energy HGG Oil Industrial sugars: 76% A Key Alternative 24% materials Materials Alternatives CO2 emissions: U.S., 2016, total 6,511 million metric tones of carbon dioxide equivalent (CO
Slide 9: Transition of the Chemical Industry Driven by Megatrends
Transition of the Chemical Industry Driven by Megatrends Carbon above the ground Yesterday Carbon under the ground Linear Circular
Slide 10: A Wealth of Carbon above the Ground
A Wealth of Carbon above the Ground The three renewable carbon sources that enable a circular economy Plant-based carbon Air-based carbon Man-made carbon
Slide 11: Avantium's Role in this Transition
Avantium’s Role in this Transition Lead the transition of the chemical industry to renewable chemicals and polymers Develop breakthrough technologies to make sustainable, plant-based products that compete on performance and costs Commercialize these technologies in partnership with industrial
Slide 12: Company Structure
Company Structure
Slide 13: Avantium Business Units
Avantium Business Units Renewable Polymers (fka Synvina) Renewable Chemistries Catalytic conversion of plant-based sugars into FDCA DAWN : industrial sugar from non-food biomass Polymerization from FDCA into PEF Mekong: 1-step conversion to plant-based MEG PEF: 100% plant-based & recyclabl
Slide 14: Catalysis: Tomorrow's Catalysis Today
Catalysis: Tomorrow’s Catalysis Today Leading provider of superior catalysis systems and services, serving a blue chip customer base Services Systems Technology High-throughput catalyst Accelerate screening of Technology foundation testing and contract R&D, catalysts and chemistries Protecte
Slide 15: Strategy and Organization Review Q1 2019
Strategy and Organization Review Q1 2019 Focus on highest value opportunities; continuous evaluation of the development programs Implementation of cost reduction program to extend our financial runway Implementation of new organizational model designed for focus and delivery
Slide 16: A Coherent Portfolio of Technologies
A Coherent Portfolio of Technologies Coherent portfolio, each targeting blockbuster markets DAWN™ YXY Industrial FDCA PEF sugars MEKONG MEG Pursuing the most attractive opportunities through stage gate process Gate Review Gate Review Gate Review YXY Mekong DAWN Parana Volta Concept stage Lab stage P
Slide 17: Value Creation: Multiple Strategic Routes to Monetize Our Technologies
Value Creation Multiple Strategic Routes to Monetize Our Technologies Scale Lab scale Pilot plant Flagship plant Industrial scale Business model Collaborations Sale of products Licensing / earnings Sale of products Licensing Strategic choices Stand-alone Partnering Strategic choices Sell tec
Slide 18: Introduction Avantium Technologies - video
Introduction Avantium Technologies - video video
Slide 19: Avantium Renewable Polymers (fka Synvina)
Avantium Renewable Polymers (fka Synvina)
Slide 20: Avantium Renewable Polymers
Avantium Renewable Polymers Catalytic technology to convert plant-based sugars to FDCA and PEF Benefits PEF Market potential > € 200bn PEF is a 100% plant-based, 100% recyclable plastic with superior performance properties compared to today’s widely used petroleum-based packaging materials Source: C
Slide 21: PEF Benefits – in use
PEF Benefits – in use Performance Shelf life extension Lightweighting High barrier films Circular Economy Reuse: enable washing Reduce: lightweighting Recycle: replace multi-layer Renewable 100% plant-based Reducing carbon footprint
Slide 22: PEF Benefits – after use
PEF Benefits – after use PEF is designed for recycling and reuse > Proven fit with existing sorting and recycling facilities What happens if PEF ends up in nature? > Tests Biodegradation of PEF by Organic Waste Systems (OWS), Gent, Belgium > First results show that PEF degrades much faster than
Slide 23: New Commercialization Strategy Renewable Polymers
New Commercialization Strategy Renewable Polymers Scale-up and market launch strategy Scale of flagship plant: 5 kiloton per year Technology: De-risked Market focus: High value / performance products Financial objective: Cash flow positive Purpose: > market launch > enable licensing in hig
Slide 24: New Commercialization Strategy Renewable Polymers: Partners
New Commercialization Strategy Renewable Polymers Avantium to maintain control of flagship and licensing business Collaborating with committed partners throughout the value chain: > Negotiations with multiple partners ongoing > High level of interest in supply of raw materials, production of FDC
Slide 25: Timetable New Commercialization Strategy Renewable Polymers
Timetable New Commercialization Strategy Renewable Polymers Site selection Investment decision Start Flagship Plant H2 2019 2020 2021 2022 2023 2024 Deployment (licensing) partner agreements Funding sources in place Engineering Construction Flagship Plant Site selection Site for the flagship plant
Slide 26: Funding Requirements Flagship Plant to Produce FDCA
Funding Requirements Flagship Plant to Produce FDCA Total funding need Total funding sources EUR 150 million (± 20% contingency) Reg-National / BBI Grant > CAPEX (ISBL + OSBL) EU grants [20m] [15-20m] > Start-up costs Debt/Grants > Working capital tbd [15-20m] AVTX equity > Ongoing Renewable Polym
Slide 27: Avantium Renewable Chemistries
Avantium Renewable Chemistries
Slide 28: Dawn Technology
Avantium Renewable Chemistries Dawn Technology™ Biorefinery process for industrial sugars and lignin from non-food biomass Benefits industrial sugars from non-food sources Reduce land use and environmental impact of 1G sugars Cascading the use of biomass for chemicals, materials and energy Sui
Slide 29: Mekong technology
Avantium Renewable Chemistries Mekong technology Catalytic, single-step process for producing plant-based (MEG) from industrial sugars Benefits Mekong technology Single-step process to produce plant-based mono-ethylene glycol (MEG) A drop-in product identical to fossil-based MEG Competitive in
Slide 30: Volta: Converting CO2 to high value chemicals
Avantium Renewable Chemistries Volta Converting CO2 to high value chemicals via electrochemistry Benefits Volta Preventing CO2 emissions of industrial parties Unlocking a new renewable feedstock for the chemical industry Enabling cleaner chemical processes Business Development Leading patent
Slide 31: Volta: Pre-pilot units in Prodock Amsterdam
Avantium Renewable Chemistries Volta: Pre-pilot units in Prodock Amsterdam
Slide 32: Volta: Extensive Partnerships
Avantium Renewable Chemistries Volta: Extensive Partnerships Feedstock providers Technology developers Producers of Chemicals / products Universities & Research Institutes Associations
Slide 33: Timelines
Timelines
Slide 34: Timelines per Technology
Timelines per Technology YXY DAWN™ Industrial FDCA PEF sugars MEKONG MEG Clear roadmap to commercialization H2 2019 2020 2021 2022 2023 2024 Engineering Construction Flagship Plant Site selection Investment decision Start Flagship Plant YXY Engineering Construction Flagship Plant Dawn Investment dec
Slide 35: Thank you
Thank you