White Energy Company Limited · ASX:WEC
White Energy — Morgan Stanley Conference 2010
17 slides from White Energy's conference presentation, May 4, 2010
Slide 1: Morgan Stanley Conference Presentation
For personal use only Morgan Stanley Conference Presentation May 2010
Slide 2: White Energy
White Energy For personal use only A diversified coal company listed on the ASX with significant global growth opportunities White Energy is exclusive worldwide licensee of a patented technology which upgrades high moisture low value sub-bituminous and lignite coals through a low cost process of d
Slide 3: White Energy Upgraded Coal
White Energy Upgraded Coal For personal use only Value proposition – access low cost / low rank coals and upgrade into higher energy coal Product Upgrade Historical Price Arbitrage Feedstock coal Upgraded high energy Historical Coal Prices, US$ 2006-09 • High moisture coal coal briquettes • Coal fin
Slide 4: Benefits of White Energy Upgraded Coal
Benefits of White Energy Upgraded Coal For personal use only Upgraded White Energy coal has a higher energy content with enhanced efficiency and an improved pollution profile Appeal of White Energy coal Superior environmental performance as compared to Australian thermal coal Higher energy content S
Slide 5: Playing in the Industry 'Sweet-Spot'
Playing in the Industry ‘Sweet-Spot’ For personal use only A technology based solution that answers the global demand for a more energy efficient coal fuel Trends in Energy Sector White Energy Solution Rise in energy Leverage under-utilised consumption resource Fluctuating & Energy independence for
Slide 6: Growth Platform for White Energy Upgraded Coal
Growth Platform for White Energy Upgraded Coal For personal use only Significant progress has been made in our prioritised coal markets Indonesia United States Africa China Australia Key • Bayan • Peabody Energy • Black River • In discussion • South Australia n Partners Resources • Buckskin Coal Lim
Slide 7: Update on KSC's Tabang Plant
Update on KSC’s Tabang Plant For personal use only KSC has completed the construction of the Tabang plant and is ramping-up production Although the core BCB Process continues to work well, production rates have been hampered by: – Coal injection system – Dust extraction system Practical engineer
Slide 8: Takeover of South Australian Coal Limited
Takeover of South Australian Coal Limited For personal use only The proposed SACL acquisition will create significant value through the merger of the BCB Technology and a large sub-bituminous coal field in South Australia Attractive portfolio of Industry leading coal upgrading technology coal asse
Slide 9: Transaction Mechanics
Transaction Mechanics For personal use only The off market takeover will occur via a mainly scrip offer (with a minimum cash alternative), and include a mix of upfront consideration and performance entitlements Offer Terms • Mainly scrip consideration, with SACL Shareholders receiving WEC shares bas
Slide 10: South Australian Coal Limited
South Australian Coal Limited For personal use only SACL owns a large reserve of sub-bituminous coal. SACL is an unlisted public company that is controlled by the ex-Felix Resources board and management team SACL owns Exploration Licence 3386 containing the Lake Phillipson Coal Deposit with an inf
Slide 11: Potential Uses of the Lake Phillipson Deposit
Potential Uses of the Lake Phillipson Deposit For personal use only Lake Phillipson Coal Deposit Gawler Craton Sell high Develop Upgrade coal via Identify new coal moisture coal minerals and BCB Technology technologies domestically base metals The high moisture South Australia As an owner of a
Slide 12: Merged Entity
Merged Entity For personal use only The merger is a ‘game-changing’ transaction for WEC – it matches ownership of a significant coal resource with our unique upgrading technology Owner of a highly White Energy today The ‘New’ White Energy complimentary set of assets – Owner/developer of low cost Aus
Slide 13: Coal Industry Specialist Board
Coal Industry Specialist Board For personal use only A highly regarded board and management team with an industry wide reputation for delivery and execution of major coal projects Post Acquisition Board of Directors and CEO Highly experienced Board and management team Travers Duncan Chairman Ex-
Slide 14: Strong Platform for Growth
Strong Platform for Growth For personal use only WEC’s acquisition of SACL and accompanying capital raising provides a strong platform for growth and allows for participation in future coal sector opportunities The addition of the ex-Felix Resources Board and management team further demonstrates t
Slide 15: Competent Person Statement
Competent Person Statement For personal use only The information in this presentation which relates to the potential acquisition of South Australian Coal Limited by White Energy, and relates to the Exploration Results, Mineral Resources or Ore Reserves at EL 3386 is based on information compiled by
Slide 16: Forward Looking Statements
Forward Looking Statements For personal use only Except for the historical information contained herein, the matters discussed in this presentation contain forward- looking statements, including statements, containing the words “planned”, “expects”, “believes”, “strategy”, “opportunity”, “anticipate
Slide 17: Contact details
For personal use only Maritime Trade Towers Level 20, 201 Kent Street Sydney, NSW 2000 Telephone: +61 2 9959 0000 Facsimile: + 61 2 9959 0099 Email: info@whiteenergyco.com ABN 62 071 527 083
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