Ekogen MoneyTalks Forum 14.06.2012

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Presentation by Ekogen at the MoneyTalks® Forum in Lappeenranta on the 14.06.2012.

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Ekogen MoneyTalks Forum 14.06.2012

  1. 1. EKOGEN OySolutions for independent energy supply from renewable sources 6.6.2012 Marko Karhunen, CEO www.ekogen.fi
  2. 2. Market problem• Price of energy is increasing• End customers are tied-up to energy companies grids and prices• Renewable energy production share should increase• Energy production emissions should decreaseOur solution:• Independent energy production by burning biomass• Replacing fossil fuels with renewable biomass and CHP (Combined Heat and Power) production• The combined heat and power production is the most efficient way to utilize local resources6.6.2012 www.ekogen.fi 2
  3. 3. Product description• Efficient process for CHP• EkoCHP power plant using pellets and wood chips• Small, independent power unit in containers – 100 kWe electric power – 300 kWth heat• Simple technology: – Direct combustion of biomass – High temperature heat exchanger – Air microturbine6.6.2012 www.ekogen.fi 3
  4. 4. 2 years ROI CASE• Replacing oil heat boiler with wood chips CHP –plant• Investment: 600 000€• Energy sales 230 000 €/ year• Fuel and maintenance cost 80 000€/ year• Fuel savings 150 000€/ year Year6.6.2012 www.ekogen.fi 4
  5. 5. Customer segments• Power and heat for: – 50…100 dwellings/unit – Commercial buildings, hotels – Local heat networks – Small industries, e.g. Wood products and food factories – Greenhouses, Agricultural farms – Green communities – Energy companies6.6.2012 www.ekogen.fi 5
  6. 6. Market strategy• End customers want to have savings in heat and power cost CHP plant Ekogen Heat partner Power End CHP plant Customer• Own IPR & R&D, management of sales and production• Designing product for serial production• Networked production model6.6.2012 www.ekogen.fi 6
  7. 7. Sales plan / k€’s 2012 2013 2014 2015 2016 Turnover (Net Sales) 706 3 586 15 747 30 572 52 720 Material Expenses 715 3 416 14 000 21 228 34 600 Variable staff cost 0 0 0 232 400 External services 27 104 450 696 1 000 Other variable cost 1 13 30 58 100 Variable expenses (cost of sales) totally 743 3 533 14 480 22 214 36 100 Gross Profit -38 53 1 267 8 358 16 620 Gross margin -% -5,4 % 1,5 % 8,0 % 27,3 % 31,5 % Fixed staff cost 225 600 1 018 1 341 1 595 Other fixed expenses 95 250 300 385 485 Operating profit -358 -797 -51 6 632 14 540 Amount of plants 1 7 30 58 1006.6.2012 www.ekogen.fi 7
  8. 8. Market potential• Finland: – Estimated small scale CHP market potential 30 M€ / year• Sweden: – Estimated small scale CHP market potential 45 M€ / year• Germany: – Estimated small scale CHP market potential 270 M€ / year• Italy: – Estimated small scale CHP market potential 130 M€ / year www.energy.eu6.6.2012 www.ekogen.fi 8
  9. 9. Team + key recruitmentsMarko Karhunen, B.Sc., CEO Lasse Koskelainen, D.Sc. Professor, CTO, BoardPast: Several Managerial positions, The Switch Ltd MemberPast: Senior Manager in Netherlands, Larox Oyj Founder and main ownerPast: Manufacturing manager, Larox Oyj Past: Professor in power plant technology, LUT and HUT Past: Tech entrepreneur, KomartekJorma Laukkanen, (M.Sc.), Chairman of the BoardManaging Director, Tietokoura LtdMember of the Board, TuuliSaimaa Ltd Ari Korhonen, (M.Sc.), Board MemberPast: Vice President, The Switch Ltd Angel Investor and Board Professional 20 investments to startups Past: Tech entrepreneur in KomartekReijo Lappalainen, HVAC Engineer, Board MemberManaging Director, FR Consulting OyBoard member and ownership, Itula OyPast: Experience in energy sector in Finland, Russia,China, Poland and Baltic countries.Past: Main owner and managing director of Finreilagroup. • Key recruitments: Sales Director (contract signed, starts Aug 15th), Project Manager, Mechanical Engineer 6.6.2012 www.ekogen.fi 9
  10. 10. IPR & High techical barrier to entry• Key technologies: Heat exchanger & combustion process knowledge in own hands• Peripheral components exploit traditional technologies, combined in new way• Quick market entry• Reliable partner network with strong contracts• Efficient supply chain to prevent copying6.6.2012 www.ekogen.fi 10
  11. 11. Financing & Investments• We are looking for 4 M€’s total – Q4 2012 – Q4 2015Investment plan 2012-2014:• Building the global sales network 1 000 k€• Product development cost 1 200 k€• Supply chain and partner network 200 k€• Own production plant cost 600 k€• Working capital 1 000 k€• Exit 2016-2017• International energy sector company6.6.2012 www.ekogen.fi 11
  12. 12. Summary• Huge market potential and rapid growth• Innovative and professional team with strong background from energy sector and growth companies• Advanced technology for versatile fuels6.6.2012 www.ekogen.fi 12

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