Copyright © Abengoa S.A. 2014. All rights reserved
Innovative Technology Solutions for Sustainability
Copyright © Abengoa S.A. 2014. All rights reserved
ABENGOA
The view of Abengoa on biomass mobilization for the bio-based economy
May 2015, IEA Bioenergy
Copyright © Abengoa S.A. 2014. All rights reserved
Agenda
2
Abengoa at a glance 1
Bioenergy insight 2
Copyright © Abengoa S.A. 2014. All rights reserved
at a Glance
We are an international company that applies innovative technology solutions for sustainability in the energy and environment sectors
ABENGOA
Attractive growth sectors Energy & Environment
2
Revenues as of Sep.’14 LTM, with a 1.6 B€ LTM EBITDA
7.4 B€
Q1’13 Revenues
1,850 M€
North America
36%
Spain 16%
13%
4%
EU
South America
25%
7% Africa
Attractive End Markets – YTD Sep.‘14 Revenues
Concessions 11%
E&C 59%
Industrial Prod. 30%
+50 Countries with local presence & operations
Employees worldwide
+23,700
Revenues
Concessions 38%
E&C 47%
Industrial Prod. 15%
EBITDA
R&D investment in 2013
+107 M€
US Listed NASDAQ listed since October 2013
Geographically Diversified – YTD Sep. ‘14 Revenues
ME, Asia & Oceania
3
What we do
4
We focus our growth on the development of new technological solutions that contribute to sustainability in…
…providing Complete Solutions based on our:
Cutting Edge Technology
Green Field Project Development Capabilities
Engineering & Construction Expertise
Outstanding Operation & Maintenance Experience
Ad-hoc Project Financing Facilities
Conventional Power Generation
Renewable Power Generation
Transmission & Distribution
Water Treatment & Desalination
Biofuels
Copyright © Abengoa Research, S.A. 2015. All rights reserved
5
Priority patents
More than 300
Proprietary technologies
Researches worldwide
More than 680
in R&D investment
+100 M€/year
Our growth model is based on technological leadership: R&D+i enable us to create value through our products and processes, or to improve
existing ones, giving us a competitive advantage
234th in the EU Industrial and R&D Investment Scoreboard ranking 2013
Pilot 2 Commercial 3
Resources
ABENGOA develops its different R&D programs and projects based on its vision.
R&D centers
R&D 1
Abengoa Research
Copyright © Abengoa Research, S.A. 2015. All rights reserved
Thanks to our technological development, we can offer pioneering solutions in the markets in which we operate
Demonstration plant for thermal energy storage
Khi Solar (South Africa) 50 MW superheated steam tower. The first tower with
this technology.
Hugoton (USA) 2G bio-refinery; 25 M gal.
Demonstrates the viability of the 2G technology developed by Abengoa
2G demonstration plant BCyL (Salamanca)
Solana (USA) 280 MW parabolic trough plant
with six hours of storage Commissioned in Q3 2013
Eureka
Demo plant
Commercial plant
Success cases
Copyright © Abengoa S.A. 2014. All rights reserved
Agenda
7
Abengoa at a glance 1
Bioenergy insight 2
Confidential 8
USA
Brazil
Europe
York, NE Colwich, KS
Ravenna, NE Portales, NM
Evansville, IN
Granite city, IL
Cartagena, Sp Coruña, Sp
Salamanca, Sp
San Roque, Sp
Rotterdam, NE Lacq, FR
São Luiz, SP
SAP, SP
São João, SP Large asset base
Access to multiple geographies
Logistics leverage/arbitrage
Raw material alternatives
Experienced team
Risk management platform
Competitive advantages
Global
Biofuel (MLY): 3,175
Sugar (KTY): 570
Feed (KTY): 1,865
Electricity (MW): 259
Biodiesel (MLY): 225
Corn oil (KTY): 30
Since 1999 Since 2001
Since 2007
Camilo Ferrari, SP
Pilot plant in York (NE, US) 0.1 MLY, since 2007
Demonstration plant in Salamanca (Spain) 5 MLY, since 2009
Commercial plant in Hugoton (KS, US) 95 MLY, since 2014
Global assets and second-generation technology Biofuel capacity = 1,440 MLY
Feed capacity = 980 KTY
Biofuel capacity = 1,495 MLY Feed capacity = 885 KTY Cog capacity = 119 MW
Biofuel capacity = 235 MLY Feed capacity = 980 KTY Cog. capacity = 140 MW
Second-generation assets
A global biotech company
Confidential
IP protection is based on a patent portfolio and Freedom to Operate (FTO) studies: • Strong patents protect technology marketability and potential for alternatives • FTO guarantee no infraction on third party patents 9
• Abengoa, through Abengoa Bioenergy, is a leader in the development of new technologies for the production of biofuels, chemical bioproducts and the sustainability of raw materials
• Our unique second-generation technology produces biomass-derived sugars, biofuels, and bioproducts
More than 105 patent applications
Second-generation technology
Propietary technology
Confidential 10
First-of-its-kind, commercial-scale enzymatic
hydrolysis conversion of biomass to bio-ethanol
plant in the USA
Key Project Participants:
US DOE(1): Awarded USD 97 MM grant
FFB(2): DOE loan guarantee USD 132 MM
US government financing verified our second-
generation technology as a pioneer
Hugoton, Kansas attributes:
Strong state and local support for the
project
Significant supply of biomass
• Capacity: 95 MLPY, 21 MW • Location: Hugoton, KS, USA • Feedstock: Corn stover/other agri-residue • Start: Cogen Q4 2013 EH Q4 2014 √ • Biomass: ~330,000 dry tons per year
Snapshot
Hugoton project: commercial scale
(1) DOE: US Department Of Energy (2) FFB: Federal Financing Bank
Commercially viable
11
Bankability Long Term Agreement Supply
Competitive pricing
Local Business vs Commodity
Local job creation
Energetic Independence
Challenges Biomass Logistic Model
Durable and Sustainable Resource
1
3
2
Key Aspects in Biomass
Biomass
Copyright © Abengoa S.A. 2014. All rights reserved
Innovative Technology Solutions for Sustainability
Copyright © Abengoa S.A. 2014. All rights reserved
ABENGOA
The view of Abengoa on biomass mobilization for the bio-based economy
May 2015, IEA Bioenergy