PréSentation 2 Zk Mini Mill 091109

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A large market potential for biomass: 400Mios tons at the horizon 2020. Look the presentation

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PréSentation 2 Zk Mini Mill 091109

  1. 1. 2ZK - Tuzetka What is energy …. without fuel? « Rent a mill »: integrated concept for local processing of biomass for sustainable energy
  2. 2. We are in the biomass business Biomass is (almost) CO2 - neutral
  3. 3. Summary Our market: •Why biomass •What is needed? •Our Objective : to be present upstream where the biomass is •Uses of our CO2-neutral biomass •Where is the biomass Our offering: •Transportable « Mini mill » based model •Commercial value for customers: turn capital cost into operational cost •The mini mill •The transportable mini mill Our perspectives •What we have and are today •What we need •The numbers •Expansion and exit
  4. 4. Why Biomass? A) EU 20-20-20 plan (January 2008): • 20% renewable energy source: wind, solar, hydro and … biomass • plus 20% reduction of consumption • for 20% CO2 emissions reduction B) Fuel independency C) commitments withing Kyoto framework, COP15 We source, process and supply biomass
  5. 5. What is needed? Biomass 2020: 170 Mio tons oil equivalent or 400 Mio tons Biomass 400 Mio T biomass! = 40 Mio Ha Pellets in 2015: 20 Mios tons (2Bios€)
  6. 6. 40 Mios ha
  7. 7. Our objective: to be present upstream « where the biomass is » ...and use otherwise unexploitable biomass
  8. 8. Uses of our CO2-neutral biomass Customers in EU 27 including France, Germany, Spain Supply from: wood and agro residues, the waste industry (sludges, manure, algae,….) For cogeneration and district heating today • Delays and failures due to shortage of biomass (e.g. 1Mwth per year= 1.000T of biomass) • Efficiency through proximity to the biomass
  9. 9. Where is the Biomass? 1) Western-EU27 * small-scale biomass: 500 -1000T  mobile lines for local treatment * alternative sources: waste, manure, sludge, algae  multi- biomass mobile concept! 2) Central Europe (Ukraine, Hungary) * Large quantities of traditional and cheaper biomass  competitive with fossil fuels When: NOW! As stricter and stricter regulations creates larger and larger demand
  10. 10. Our offering Transportable « Mini mill » based model - Local pelletising of any biomass including waste - Flexibility through movability and modularity - 3.000 Tons per year  100.000 Tons/year - In house development, multi biomass concept - No operational or set-up hurdles (rent with operator)
  11. 11. Commercial value for the customer Added value through local pelletising -30€ or 0 €/Ton  100-150 €/Ton Price advantage for the biomass owners/Price per ton Costs/margins 200 € for biomass owner 150 € 100 € 50 € 0€ Waste Residue (straw) Pellets for Pellets for Mini mill industry domestic -50 € Waste treatment Purchase raw material Transport1heating Processing Transport 2 Packaging Distribution Turn capital costs into operational costs
  12. 12. The mini mill: • Own plant (6.000T/year) in operation • Replicable and scalable concept • Locally processing material • Locally sourced material (originally used for agriculture) • Robust (Lada vs BMW) We have gone through the learning curve
  13. 13. Transportable mini mill - Easy to transport (one trailer) and to install - Based on agro equipment, no electronics - Developed by a biomass specialist – competitive & patented sourcing - Komsomolets (UA): 350 workers, R&D dpt., active on grain market (domestic and export), successfull prior experience
  14. 14. What we have today... Seed capital • Today FFF for the seed capital (pilot plant and R&D) • Pilot plant: production & sales, skills • Now, we are raising equity for a scalable expansion 2010-2015 Operational staff • Hands-on management: 6 cre-active people with technical and local back ground, 14 workers • Development with a manufacturer of agro equipment (Komsomolets – 350 workers – R&D team, prototyping dpt.,…)
  15. 15. What we have today... Operational staff • Hands-on management: 6 cre-active people and assistants with technical and local back ground, 14 workers • Patrick de Jamblinne: Operations manager, contacts with investors, customer relations •Loïc Lerminiaux: land sourcing, plantations, day to day management Ukraine • Guus Keder: contacts with investors, expansion « x to liquid » •Igor Nikolaenko: plant manager Ukraine, sourcing management • Development with an Ukrainian manufacturer of agro equipment (Komsomolets – 350 workers – R&D team, prototyping dpt.,…)
  16. 16. What we need... Growth capital • € 1 million equity for scalable expansion 2010-2015 To duplicate executive skill-sets • Build on our experience Strategic Partners / Shareholders • « Bring more than money »
  17. 17. The numbers... in k€ per year (>2015) 2010 2011 2012 2013 2014 2015 Total of mini mills in operations 3 9 13 21 25 25 Global efficiency (loss coeff x 41% 45% 50% 45% 51% 51% productivity) Yearly incomes (VAT excl.) 352 1.153 2.025 2.869 4.050 4.219 EBITDA (income-curr. exp.) -15 244 552 784 1.213 1.289 EAT (Earning after taxes) -75 -80 15 38 192 256 Cash flow -27 204 474 702 1.087 1.163 Expected IRR of 40% 1€ invested is generating 0,7€ annual cash flow (average over 5 years)
  18. 18. Expansion and exit Expansion: • Geographically: where the biomass is! • Technic: upgrade per mill with higher output • Downstream: add more value to biomass (i.e. torrefaction-pyrolysis, district heating, gasification…) Exits: • Trade sale, take over • IPO
  19. 19. Thank you for your attention. Any questions? 2ZK - Tuzetka www.2zk.eu Patrick de Jamblinne: patrick@2zk.eu - + 32 478 475 433 Loïc Lerminiaux: loic@2zk.eu - +380 672 350 309 Guus Keder: guus@2zk.eu - +32 475 243 248

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