Eden Innovations Ltd · ASX:EDE
Eden Innovations — Investor Presentation (May 2019)
30 slides from Eden Innovations's investor presentation, May 13, 2019
Slide 1: Investor Presentation
Investor Presentation May 2019 1
Slide 2: Disclaimer
Disclaimer 2 FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements of Eden’s management. Forward-looking statements are statements that contemplate the happening of possible future events and are not based on historical fact. Forward-looking statements may be ident
Slide 3: Introducing Eden
Introducing Eden Eden Innovations Ltd (“Eden” or the “Company”) is an Australian company that listed on the ASX in 2016 (ASX: EDE), with 100% owned subsidiaries in the USA and India. Eden has 15 years proven in-house development and commercialisation expertise having successfully developed in Colora
Slide 4: Investment Highlights
Investment Highlights High Growth Trajectory – EdenCrete® is now approved for use by Department of Transport authorities High Growth across 11 States (including Texas, Georgia and North Carolina) representing 26% of US bridges in need of repair totalling approximately 37,800 bridges. Industrial/comm
Slide 5: Corporate Snapshot
Corporate Snapshot CORPORATE STRUCTURE CAPITAL STRUCTURE Eden Innovations Ltd Eden Innovations Ltd Symbol EDE Issued shares 1,660,801,742 Stock Price (1) A$0.042 Eden Innovations India Eden Innovations LLC EdenCrete Industries Inc Pvt Ltd Market Cap (1) ~ A$70 million Cash ~ A$4.7 million (1) SHAREH
Slide 6: Government Validation and Commercialisation
Government Validation and Commercialisation Government approval for use by Departments of Transport (DOTs) in 11 US States, 26% of total US bridges in need of repair, with 11 further DOT WA applications pending MT VT OR Georgia Department of Transport (GDOT) mandated use of EdenCrete® in all ID Stat
Slide 7: EdenCrete - Primed for Growth
EdenCrete® - Primed for Growth • January – First US production of super strength carbon nanotubes • January – Approval by Oregon DOT, EdenCrete® now • April – US$24.76m incentive • April – Testing commenced on approved in 11 States package received to establish carbon nano fibres in rubber, • Januar
Slide 8: Executive Management Team
Executive Management Team Gregory Solomon Aaron Gates Roger Marmaro Robert Reid III Executive Chairman CFO, Company President / CEO - Executive Business Director- Secretary Eden Innovations U.S EdenCrete Industries Inc. US Chairman of Eden since A qualified accountant with more Responsible for corpo
Slide 9: Product Overview
2. PRODUCT OVERVIEW 9
Slide 10: What are Carbon Nanotubes? How do nanotubes work in concrete?
What are Carbon How do nanotubes Nanotubes? work in concrete? Eden’s proprietary pyrolysis technology produces nano-scale carbon nanotubes or carbon nanofibres plus hydrogen from Act as nucleation points for dense cement hydration - natural gas without directly builds on all surfaces of CNT producin
Slide 11: EdenCrete
EdenCrete® EdenCrete® is a cost effective, carbon nanotube enriched liquid admixture for concrete that is mixed into wet concrete Increases flexural, tensile & compressive strength, and abrasion resistance Reduces shrinkage, permeability and damage from salt and chemicals and increases freeze/ thaw
Slide 12: EdenPlast
EdenPlastTM Eden aims to enter the plastics market with its new product, EdenPlastTM Proven in-house Suitable plastics markets: capability Aims to develop CNT in Nylon 6 plastic and other polymers Development, testing and Automotive and packaging commercialisation Jointly funded project with Univers
Slide 13: High Barriers to Entry
High Barriers to Entry 10+ years of product development Product field testing by Government departments after initial approval typically requires up to 24 months or more, including lab tests Typical sales cycle for EdenCrete® is 6 -9 months, after successful field testing by the relevant DOT 100% ow
Slide 14: EdenCrete - Global Market Opportunity
3. EdenCrete® - GLOBAL MARKET OPPORTUNITY 14
Slide 15: EdenCrete Applications & Customers
EdenCrete® Applications & Customers ADVANTAGE SUITABLE FOR CUSTOMERS Roads, airfields, coastal, marine, dams, Government Department of Permeability / sewers, bridges, runways, coastal/marine salt resistance / Transport authorities - environments, dams, sewer/water shrinkage pipelines ~40% of US conc
Slide 16: EdenCrete Value Proposition
EdenCrete® Value Proposition Increases Increases Increases Increases Split- Reduces Reduces Products Compressive Flexural Abrasion Drawback Tensile Shrinkage Permeability Strength Strength Resistance Strength ✓ ✓ ✓ ✓ ✓ ✓ Fibers Reduced workability, difficult to • • • (PP,PVA,ACRY,LOK) handle Strengt
Slide 17: Key EdenCrete Product Benefits
Key EdenCrete® Product Benefits ABRASION RESISTANCE REDUCED PERMEABILITY Chloride Content (Wt.%) Control Mix – Control Mix – Penetrated Depth (mm) Not Ponded Ponded Chloride Values 10-20 0.004 0.059 0.055 25-35 0.006 0.045 0.039 40-50 0.004 0.005 0.001 55-65 0.003 0.004 0.001 Test Mix – Not Test Mix
Slide 18: EdenCrete - Case Study
EdenCrete® - Case Study ABRASION RESISTANCE / ULTRA HIGH WEAR APPLICATION CONTROL TRIAL SLAB TYPICAL ULTRA HIGH LOAD EdenCrete® TRIAL SLAB Significant cracks and High loading/ abrasive application No cracks or evidence of wear wear after 6 months at site – repeat contracts 18
Slide 19: EdenCrete Cost Comparison
EdenCrete® Cost Comparison Ultra High Wear /Abrasion Resistance Application Concrete slab Concrete slab Concrete slab with wire mesh with steel with EdenCrete® or macro-fibers ~ $15/ ft.2 ~ $22/ ft.2 ~ $12/ ft.2 Longer wearing concrete required less depth, without base and compacted Concrete slab la
Slide 20: Financials
4. FINANCIALS 20
Slide 21: Strong Revenue Growth
Strong Revenue Growth 600 EDENCRETE REVENUE 500 Bulk distribution contracts 400 Repeat business customers - government and US $,000 private 300 Supply contracts vary by volume for each project 200 H1 FY2019- Total revenue A$1.015 million (being 100 EdenCrete® A$604k/ OptiBlend® A$411k) 0 H1 FY2019-
Slide 22: Infrastructure Markets
Infrastructure Markets Roads, Bridges, Tunnels Ports and marine applications Airports Railways Dams and water systems Bus transit stations/ light rail Toll Roads Shotcrete – various applications Public/ Private Partnerships 22
Slide 23: Commercial Markets
Commercial Markets Hardstand areas Factories/ Showrooms Warehouses/ logistics hubs Driveways / car parks Precast Building / construction Shotcrete – various applications 23
Slide 24: Strong EdenCrete Sales Pipeline
Strong EdenCrete® Sales Pipeline GEORGIA COLORADO GDOT State funded repair projects using EdenCrete® Denver Public Works / Colorado Department of Transport (CDOT) • EdenCrete® specified by name in repair projects • Projects expected - salt/chemicals, abrasion resistance, freeze thaw • Further repair
Slide 25: Outlook & News Flow
Outlook & News Flow Pipeline OUTLOOK ANTICIPATED NEWS FLOW Strong year on year revenue growth expected for FY19 and beyond driven by EdenCrete® sales based on : Increasing number of contract wins for EdenCrete® expected over next 6-12 months incl. FHWA projects Georgia - Growing number of existing p
Slide 26: Growth Strategy
Growth Strategy Production capacity to increase from 2.4m gallons p.a. to circa 12.5m gallons p.a. Approx US$20million incentives Research underway into secured from Georgia Govt to commercialisation of establish EdenCrete® global EdenCrete® P and EdenPlast® to enter plastics production plant in Aug
Slide 27: Robust Financials
Robust Financials Year Ended June 2018 SUMMARY BALANCE SHEET CASH FLOW $,000 $,000 $,000 $,000 $,000 $,000 % change 30 June 2018 30 June 2017 30 June 2018 30 June 2017 FY18 FY17 Revenue 1,318 949 38.8% up Cash and cash Receipts from 3,490 7,985 1,013 1,165 equivalents customers Other comprehensive 4
Slide 28: Outlook & Summary
5. OUTLOOK & SUMMARY 28
Slide 29: Summary
Summary Core product EdenCrete®, is a liquid concrete admixture that delivers significant cost and product advantages, facilitating denser, tougher, stronger cement and longer lasting, more durable concrete Operating in the global concrete market expected to reach US$921 billion and growing at almos
Slide 30: Greg Solomon, Executive Chairman
GREG SOLOMON EXECUTIVE CHAIRMAN Level 15, 197 St. Georges Terrace, Perth, Western Australia Telephone: +61 8 9282 5889 Email: gsolomon@edeninnovations.com www.edeninnovations.com 30