for personal use only · 2011-10-25 · power plant plant industries 2nd 50 kw unit for gerd fls...

Delivering our StrategyDelivering our StrategyAnnual General Meeting 26 October 2011

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DisclaimerWasabi Energy

Important InformationThis presentation may contain certain forward‐looking statements that have been based oncurrent expectations about future acts, events and circumstances.These forward looking statements are, however, subject to risks, uncertainties andassumptions that could cause those acts events and circumstances to differ materially fromassumptions that could cause those acts, events and circumstances to differ materially fromthe expectations described in such forward‐looking statements.Wasabi Energy Limited accepts no responsibility to update any person regarding any error oromission or change in the information in this presentation or any other information availableto a person or any obligation to furnish the person with further information.to a person or any obligation to furnish the person with further information.The distribution of this document in various jurisdictions may be restricted by law. Anyrecipient of this must seek advice on and observe any such restrictions.The information contained in this presentation is for general information purposes only anddoes not constitute an offer to issue or arrange to issue securities or other financialdoes not constitute an offer to issue, or arrange to issue, securities or other financialproducts.All amounts including “$” or “A$” are in reference to Australian Dollars unless statedotherwise.

Australia | Europe | North AmericaOctober 2011

Annual General Meeting 2

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Wasabi EnergyDelivering our Strategy

TOPIC PAGE

Mission Statement 4

Company Structure 5

Financial Performance 6

Corporate Highlights 7

D li i St t 8Delivering our Strategy 8

Market Context 9

Kalina Cycle® Performance 12Kalina Cycle Performance

Aqua Guardian Group 17

Australian Renewable Fuels 19

Strategy going Forward 20



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Wasabi EnergyMission Statement

“W bi E i t b j“Wasabi Energy aims to become a major international, profitable, renewable energy and clean technology company,energy and clean technology company, building on an established platform of strategic investments in the green power, clean technology and water conservation areas.”



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Wasabi EnergyGreen Technology Portfolio

ership

CORE WASOwne

* Owner of worldwide rights to Kalina Cycle®

INVESTMENTS WAS100 %* Owner of worldwide rights to Kalina Cycle

Power TechnologyMost efficient power technology from waste heat and

renewable heat sources <200oC

7.5 %

Patented AquaArmourTM modular water evaporation control

Global application eliminates 88% of evaporation from

47

pp pwater storages

Owns 26.09% of Clean TeQ (ASX:CLQ)

% P d i bi di l

16.5 % Patented continuous biodiesel process

Australia’s largest biofuels producer with 150 million litres of capacity



* Subject to finalisation of 2.7% share purchase

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Financial ResultsFinancial Results

Financial Results (Audited)( )(released 31 August 2011)

30 June 2011 $M

30 June 2010$M

Increase / (Decrease)$M $M (Decrease)

Revenue (12 months) 4.0 0.8 435%

Net Loss (12 months) 0.5 8.5 (94%)Net Loss (12 months) 0.5 8.5 (94%)

Total Liabilities (as at) 2.2 8.1 (73%)

N t A t ( t) 15 3 0 5 2 888%Net Assets (as at) 15.3 0.5 2,888%

* $ = Australian dollars



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Corporate HighlightsDelivering our strategy

AIM Market listingStrengthen team – management and engineersRecurrent Engineering office

d i H t Topened in Houston, TexasDivestment of non‐core assetsStrengthened corporateStrengthened corporate governance



Recurrent Engineering Houston office

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Delivering our Strategy2010/2011 Milestones

AIM Listing

SSNE Kalina Cycle® plant at

EXPOAGG IP

l d

Ownership of Husavik 2 MW Kalina Cycle®

SSNE Taiwan demonstration

FLSmidth global licensing

agreement for cement & lime

2010/2011

EXPO consolidation Kalina Cycle power plant plant industries

2010/2011

2nd 50 kw unit for GERD FLS idth 8 6MW AquarmourTM BOO 4 5 MWGERD

OCEES ocean thermal study

FLSmidth 8.6MW Kalina Cycle® power plant for

DG Khan

qwins mining

award Srithai Superware JV for AquaArmourTM in

SE Asia

BOO 4.5 MW Kalina Cycle® power plant at Taufkirchen

Senior management appointments

Investment in Cl T Q



appointments Clean TeQ

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Kalina Cycle® WH2PPotential of waste heat to power

Waste heat to power (WH2P) potential

A li bl t i t i i d t iApplicable to energy intensive industries> 50% of consumed energy released in industry is waste heat Industry produces > 50% of all energy related Greenhouse Gas emissionsWaste heat not currently recognised as green energy – why not?Greenhouse targets will not be met without increased efficiencies including waste heat conversion

Example – Sumitomo Kashima Kalina Cycle® Power Plant

3 5 MW Kalina Cycle® plant built in 19993.5 MW Kalina Cycle® plant built in 199940% higher generating efficiency (cf competing technologies)Does not use chlorofluorocarbons (CFC’s)

f

3.5 MW Kalina Cycle® Energy Recovery

Saves 17,000 tonnes of CO2 per annum or 6.6 million litres of crude oil or 41,500 barrels



3 5 a a Cyc e e gy eco e yPower Plant

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Market Context – EU Policy GapsEU Greenhouse Gas Targets



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Waste Heat PotentialUSA statistics



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Global Kalina Cycle® ApplicationsEstimated potential market size

Heat source Industrial application Estimated Market

Waste Heat Power plants, coal, gas, combined cycle > 1,000,000 MW

Petrochemical > 9,000 MW

Iron and steel > 10,000 MW

C t d li kil > 15 000 MWCement and lime kilns > 15,000 MW

Glass manufacturers > 4,000 MW

Other industrial applications > 25,000 MWpp

Renewable Geothermal (flash & binary) > 25,000 MW

Solar thermal > 10,000 MW

Ocean thermal > 300 MW

Hydrogen and biofuel combustion > 6,000 MW

Other renewable applications > 5 000 MWOther renewable applications > 5,000 MW

TOTAL Estimated market potential >1,109,300 MW

By way of comparison ‐ total power generation capacity in the USA was



1,025,000 MW in 2009…

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Kalina Cycle® Power TechnologyOverview

Patented technology turns heat into power

Kalina Cycle® Power Plant Efficiency Advantage

Most efficient power production technology at lower t t ( 200oC h ttemperatures (<200oC heat source)

Uses a mix off ammonia and water as the working fluid

Ammonia‐water mix can be varied to match heat source

Uses standard “off the shelf”power plant components (turbines heat exchangers etc)



(turbines, heat exchangers etc)

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Cement Industry - FLSmidthGlobal industry leader

Industry EPC leader in cement and li l tlime plantsEnergy intensive industry8.6MW Kalina Cycle® power plant under construction with DG Khan, PakistanLicense agreement signed in June 2011

DG Khan Khairpur cement plant, Pakistan

Global rights excluding ChinaFLS established a new power divisionMultiple opportunities under evaluation



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China - SSNEBuilding momentum

Licensee since late 2008Building capabilityTwo demonstrations undertaken in past yearPowered pavilion at World EXPO 2010Successful side by side geothermal test in TaiwanEstablished test laboratoryCompleted 50 kw GERD unit 2 for Japan hot spring marketp p gEngineering proposals underway with major industries



with major industriesSSNE Taiwan 50 kw Kalina Cycle® power plant demonstration

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Build, Own, Operate Becoming an Independent Power Producer

Acceleration of strategy – key area of focusSell power to site owner or into the gridAnnual revenue/profit streamsHusavik 2 MW geothermal plant – under constructionTaufkirchen 4.5 MW geothermal plant – drilling underwayg p g yOngoing project discussions



Husavik Kalina Cycle® power plant, Iceland

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Future StrategyDelivering profitable growth

Focus on key industrial marketsIncluding petrochemical, steel, chemical and geothermal sectorsGeographical regions with suitable feed in tariffs eg TurkeyContinue to build IP portfolio

Under Build OwnTimeframe

Under construction Capacity

Build Own Operate Power

PlantsNew Licensees IP

12 18 1 new patent12 ‐18 months 50 MW 20 MW 1 new licensee 1 new patent

lodged

3 years 500+ MW 100MW 2 new licensees Additional new patents lodgedpatents lodged

5 years 1000 MW 200+ MW Continued licensing

Ongoing generation of IP



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Aqua Guardian GroupGlobal water applications

Unique water conservation technology

Fl t tigy

Wasabi Energy owns 47.5% of AGG (plus

Vent Flotation pods

convertible debt)Patented free floating modular system AquaArmourTM

AquaArmour™ water conservation modules. Submerged view and plastic injection mould; below AquaArmour™ module

AquaArmourEvaporation and algal controlOuyen deployment with independent testingSrithai Supaware JV for SE AsiaRecognition through industry awardsRecognition through industry awardsStrong pipeline of opportunities



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Aqua Guardian GroupFuture strategy

Future Strategy

T t j k t t id f A t liTarget major markets outside of AustraliaContinue product innovationGrow water businessl lClean TeQ investment potential

Target 100+ hectares in Australia

Applications

Water storage – dams, reservoirs etc AquaArmour™ deployed at Ouyen Reservoir, Victoria Australia

Water treatment plant storageMiningIndustrialAgricultureAquacultureElectricity including hydrodams



Electricity including hydrodams

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Australian Renewable FuelsAustralia’s largest biodiesel producer

Overview

ASX listed biofuel producer (ARW)16.5% owned by WasabiLargest installed capacity in Australia ‐ 150 ML3 l t VIC SA d WA ARF Biodiesel Plant – Picton, Western Australia3 plants VIC, SA and WAPatented continuous processEconomics dependent on diesel price and feedstock

,

Economics dependent on diesel price and feedstockIndustry historically constrained by feedstock cost and reliabilityARW now has secure feedstock source at known landed pricepEstablished fuel supply contracts with major fuel companies



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Strategy going forwardMajor areas of focus

“…a major international, profitable, renewable energy and clean…a major international, profitable, renewable energy and clean technology company…….”

Key Actions

Focus on Kalina Cycle® BOO and licensingFocus on Kalina Cycle® BOO and licensingContinue to build team capabilityOngoing rollout and globalisation of AGG and build the waterOngoing rollout and globalisation of AGG and build the water businessContinue divestment of non‐core assetsContinue divestment of non core assetsGrowth in corporate governance as business grows



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GWM Ouyen ReservoirAquaArmourTM

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for personal use only · 2011-10-25 · power plant plant industries 2nd 50 kw unit for gerd fls...

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