ENTYR — H1 FY2023 Earnings Presentation
20 slides from ENTYR's earnings presentation, Feb 24, 2023
Slide 1: Half Year update
rsonal use only Half Year update 24 February 2023
Slide 2: Important Note – Disclaimer
Important Note – Disclaimer This presentation and the information contained within not a financial product or investment advice or statements involve known and unknown risks, in the opportunity, whether the expenses, losses, it (the “Presentation”) has been prepared by, and is the recommendation to
Slide 3: Who we are / What we do
Who we are What we do rsonal use only Entyr Limited Solving the waste tyre problem is an Australian company applying Our patented thermal desorption technology unique, next-generation technology to cleanly converts end-of-life tyres into valuable cleanly convert waste tyres into products, (fuel, car
Slide 4: H1 FY23 Priorities – Preparing for commercial readiness
H1 FY23 Priorities – Preparing for commercial readiness rsonal use only 1 Building our collections customer base 4 Build business systems and process Expansion of our customer base towards 1,500 Build a foundation to underpin the business tonnes/month, whilst targeting close proximity scale growth c
Slide 5: Key achievements delivered during H1 FY2023
Key achievements delivered during H1 FY2023 rsonal use only 1 Building our collections customer base 4 Build business systems and process Feedstock supply secured with 525 active Development of operating processes & customers paying Entyr a disposal fee procedures for new infrastructure and enable t
Slide 6: Results reflect preparation for commercialisation
Results reflect preparation for commercialisation Key focus of H1 FY23: delivery of infrastructure projects and employee onboarding, development and training of operational team to deliver increasing volumes for H2 F23 & to secure customer base with tyre collection and off take products rsonal use o
Slide 7: Revenue continues to grow
Revenue continues to grow Gross Revenue by half year rsonal use only 3,000 2,500 2,000 $’000 1,500 2,515 1,000 2,006 500 859 - H1 FY2022 H2 FY2022 H1 FY2023 H1 FY2022 H2 FY2022 H1 FY2023 • Increased tyre collection volumes • Favorable gate pricing • Off take products customers secured with revenue i
Slide 8: Costs reflect manning levels for full operational capacity
Costs reflect manning levels for full operational capacity Operating expenses by half year rsonal use only - (1,000) (3,147) (2,000) (3,000) (6,064) $’000 (7,036) (4,000) (5,000) (6,000) (7,000) (8,000) H1 FY2022 H2 FY2022 H1 FY2023 • Operating costs are at full capacity level • New infrastructure w
Slide 9: Summarised Statement of Profit and Loss
Summarised Statement of Profit and Loss rsonal use only H1 FY’23 H2 FY’22 H1 FY’22 Revenue 2,515 2,006 859 Other income 118 8,684 116 Operating expenses (6,064) (7,036) (3,147) Employee benefits expense (1,391) (1,374) (1,357) Other expenses (1,702) (2,102) (1,351) Reported EBITDA (6,524) 178 (4,880
Slide 10: Entyr remains on track to reach commercial scale operation in Q4 FY23
Entyr remains on track to reach commercial scale operation in Q4 FY23 rsonal use only JUL-DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV Current infrastructure program Future infrastructure program Fuel handling & Carbon Carbon management Part 2 & 3 Infrastructure storage handling Part 1 Feed autom
Slide 11: The recently commissioned Tank Farm is delivering intended benefits
The recently commissioned Tank Farm is delivering intended benefits rsonal use only • Elimination of manual handling of fuel on site and the use of 1,000l bulk plastic containers • Automated process allows for continuous operations and delivery of fuel from thermal desorption units (TDU’s) to the ta
Slide 12: The Rasper Unit has delivered a step change in feed material preparation
The Rasper Unit has delivered a step change improvements in feed material preparation rsonal use only • 99% removal of steel from rubber, a 60% improvement compared with prior process • Significantly reducing operating down time due to blockages caused by steel • Consistent feed material size improv
Slide 13: The new shredder unit is forecast to significantly reduce processing costs
The new shredder unit is forecast to significantly reduce processing costs rsonal use only • Expected to be operational March 2023 • Transition the primary shredding process to an inline just in time process in the main building to improve material flows • 75% reduction in processing costs • Reduce
Slide 14: The site layout has been reconfigured to improve material flow
The site layout has been reconfigured to improve material flow rsonal use only Main building containing Thermal Desorption Units Source: Company Aerial view of Stapylton facility Source: Company entyr.com.au 14
Slide 15: Operational disciplines and automation improved process control
The implementation of operational disciplines and the adoption of automation has led to improved process control rsonal use only Control Room & Digital Control System Source: Company Rasper & Thermal Desorption Units Source: Company entyr.com.au 15
Slide 16: Significant upskilling in the site's operational capability
There has been a significant upskilling in the site’s operational capability rsonal use only • 77 % of operational employees newly recruited during last half • Operations Manager • Supervisor structure • Control Room operators • In house maintenance capability • Significant lift in employee standard
Slide 17: The volume ramp up is underway gaining momentum toward site breakeven
The volume ramp up is underway gaining momentum toward site breakeven Rolling 30 days - Total Tyre Tonnes processed rsonal use only 1000 30 April target 900 800 700 Historical high 30-day average March ‘22 600 tonnes 500 400 300 200 100 0 01-Jul-22 01-Aug-22 01-Sep-22 01-Oct-22 01-Nov-22 01-Dec-22 0
Slide 18: The business remains on the pathway to profitability
The business remains on the pathway to profitability rsonal use only Indicative Site Financial Model Operational progress excluding corporate Overhead Stapylton Next facility Break even Annualised Tonnes Processed Annualised Tyre Volume 11,000 15,000 20,000 25,000 25,000 break even Break even exclud
Slide 19: Summary
Summary rsonal use only • The half year results reflect the preparation for commercialisation • Revenue upward trend continues with a strong tyre feedstock customer base developed • Operation cost coming down as infrastructure projects completed • Recently commissioned infrastructure performing to e
Slide 20: Thank you
rsonal use only Thank you David Wheeley Chief Executive Officer [email protected] entyr.com.au