siegfried konig: recycling fly-ash waste (day 1 - session 1: strategic metals and the clean-tech...
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GLOBAL MININGINVESTMENT CONFERENCE 2010
STATIONERS’ HALL ● CITY OF LONDON ● TUESDAY-WEDNESDAY, 28-29 SEP 2010www.ObjectiveCapitalConferences.com
Investment Conferences
Recycling fly-ash waste – turning grey into greenSiegfried Konig – Managing Director, Vecor
DAY 1 – SESSION 1: STRATEGIC METALS AND THE CLEAN-TECH REVOLUTION ?
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GLOBAL MININGINVESTMENT CONFERENCE 2010
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Forward Looking Statements
This disclaimer forms part of and is incorporated in the accompanying material. No representation or warranty, express or implied is made, in relation to the accuracy or completeness of the information provided in this document or any other information concerning the Vecor Group otherwise provided to the recipients. Whilst every care has been taken with preparation of the information contained in this document, no responsibility is accepted by the Vecor Group or any of its representatives, directors, partners, employees or professional advisers for any information provided in this document or otherwise provided to the recipients or for any action taken by the recipients on the basis of such information. In particular, no representation or warranty is given as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in the information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Each recipient of the information should make its own independent assessment of the information and take its own independent professional advice in relation to the information and any action taken on the basis of the information.
Vecor’s Vision
To be recognised as theWorld Leader
in fly ash recycling technologies by 2013
Fly ash dump at power plant
Energy from Coal
0
500
1000
1500
2000
2500
1990 2000 2005 2010 2015 2020 2025 2030
Mill
ions
of M
etric
Tons
WasteUtilization
Global Estimates: 1990 - 2030
• Fly ash is captured from flue gas. • Trend towards higher enforcement of particulate emissions.• Reduces air pollution but increase fly ash volume.
Fly Ash Production vs Utilisation
Global Estimates: 1990 - 2030
Current Fly Ash Useage
Fly Ash dam spill, Tennessee USA 2008 1 billion tonnes new fly ash every year 10 billion tonnes legacy in landfill
Capability Development
2007Licensed core technology
2007 – 2009 Developed Additional IP
2009 – 2010Ceramics, Minerals
2011Comprehensive Utilisation
Pilot plant since February 2008, processing techniques, proprietary manufacturing equipment
Process & engineer fly ash to produce versatile raw materials. Manufacture “green” products using fly ash as clay replacement
Enabling 100% utilisation of waste fly ash
Vecor Product CapabilitiesHigh-margin “Green” raw materials & building products
Ceramic Tiles Ceramic Proppants Recycled Minerals Refractories
Bricks Pavers Aggregates Sand
Prototype products produced at Vecor’s pilot plants in China and Italy since February 2008
Vecor’s Business
Coal Power Plant
Fly Ash Landfill
Aluminum SilicatesVecoFillTM
Activated CarbonVecoFiltersTM
MagnetiteVecoMagTM
CenospheresVecoCenTM
Ceramic TilesBricks, pavers
Sand & Aggregates
Ceramic Proppants Oil and Gas Industry
Processing Facilities
Proprietary recycling
technologiesWaste Fly Ash Low-cost, high value
Industrial MineralsEnergy Efficient
Clay Replacement
RecycleChallenge Minerals Products
Why replace clay with fly ash?
• Clay and sand have become increasingly precious• Same Chemistry• 30% Less energy & GHG emissions• 30% Saving in manufacturing costs• 14% Less water required• Superior quality products
World First
Development Plan
Phase 1
• License IP
• R&D
• Develop additional IP & know-how
• USD 2 million Government grants
• USD 3 million investment
• Completed
Phase 2
• Raised USD 5 million
• Experts report on ceramic tiles
• Demonstrate mineral, sand and proppant production technologies
• Current Phase
Phase 3
• Raise USD 50 Million
• Build/modify and operate 4 plants with JV partners
• Commencing Nov. 2010
Phase 4
• IPO - Raise USD 100 million
• Fund global expansion
• Fund IP acquisition
• 2013/2014
Phase 5
• Expand business Globally
• Using IPO funding
Financial Model
USD'000 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16
Capital Raising 5,000 50,000 100,000
Production Lines
2
4
4 4 8 16
Revenues - 1,993 37,911 53,355 59,185 148,926 275,528
EBITDA (562) (2,833) 12,682 19,575 18,927 52,016 102,996
EPS (USD / sh ) (0.09) (0.19) 0.96 1.54 1.70 4.36 8.27
Why invest in Vecor?Vecor gets paid to take the Fly AshVecor gets paid by processing the Fly Ash & selling Raw MaterialsVecor gets paid by selling the products made from Raw Materials
Ceramic Tiles
Proppants
Sand &Aggregates
Revenue:Vecor gets paid to take Fly Ash from Coal Power Plants, because it removes liability.
Revenue:Vecor Processes Fly Ash to make Raw materials for Industry and other mineral by-products that it sells to customers, partners and subsidiaries.
Revenue:Vecor produces and sells commercial and industrial products using the Raw Materials with its proprietary technology and Engineering
Profitability
Sustainability
Growth
Processing By-Products Aluminum Silicates (Vecor Clay) Cenospheres (VecoCen) Magnetite (VecoMag) Activated Carbon (VecoFilters)
Vecor Products Tiles, Cladding, Bricks, Blocks, Pavers, Proppants
Other sponsors & participating organisations:
GLOBAL MININGINVESTMENT CONFERENCE 2010
Lead sponsors:
Media partners: