AI assistant
EDEN INNOVATIONS LTD — AGM Information 2018
Nov 13, 2018
64820_rns_2018-11-13_d6ada602-5e19-444c-b683-3a5870cfefd5.pdf
AGM Information
Open in viewerOpens in your device viewer
1
==> picture [1920 x 133] intentionally omitted <==
2018 Annual General Meeting Presentation
14 November 2018
EDE:ASX
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
Disclaimer
FORWARD LOOKING STATEMENTS
This presentation includes certain forward-looking statements of Eden’s management. Forward-looking statements are statements that contemplate the happening of possible future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as “may”, “shall”, “could”, “expect”, “estimate”, “anticipate”, “predict”, “probable”, “possible”, “should”, “continue”, or similar terms, variations of those terms or the negative of those terms. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when or whether such performance or results will be achieved. Forward-looking statements are based on information known to Eden when those statements are made or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. The forward-looking statements specified in this presentation have been compiled by Eden’s management on the basis of assumptions (which may or may not turn out to be accurate) made by management and considered by management to be reasonable. Eden’s future operating results, however, are impossible to predict because of risks and uncertainties, and no representation, guarantee, or warranty is to be inferred from those forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements.
Forward-looking statements include, but are not limited to, the following:
Statements relating to Eden’s future production capacity and sales levels, and business and financial performance; Statements relating to future research and development results and regulatory approvals of Eden’s products; Statements relating to Eden’s competitive position; and Other statements relating to future developments that you may take into consideration. Actual results of Eden’s operations may differ materially from information contained in the forward-looking statements as a result of risk factors some of which include, among other things: global economic stability, continued compliance with government regulations regarding production and use of carbon nanotubes in the U.S. or any other jurisdiction in which Eden conducts its operations; changing legislation or regulatory environments in the U.S. and any other jurisdiction in which Eden conducts its operations; credit risks and product sales affecting Eden’s revenue and profitability; exposure to product liability claims; changes and new competitive products in the specialty concrete admixture industry; the level of market acceptance and demand for EdenCrete™; Eden’s ability to effectively market all the product it can produce; Eden’s ability to manage its growth, including implementing effective controls and procedures and attracting and retaining key management and personnel; changing interpretations of generally accepted accounting principles; the availability of capital resources, including in the form of capital markets financing opportunities; and general economic conditions.
This presentation has been prepared as a summary only and does not contain all information relating to Eden’s assets and liabilities, financial position and performance, profits and losses and prospects: it should be read in conjunction with all of the publicly available information in relation to Eden which has been released to the Australian Securities Exchange (ASX Code: EDE).
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
2
2017- 2018 Highlights
- EdenCrete[®] HC and EdenCrete[®] Pz developed / EdenCrete[®] Pz - NTPEP trials to complete December 2018 and ASTM trials in mid- 2019
1
2
Georgia - FHWA approval of EdenCrete[®] in federal funded GDOT project ($525,000) - September 2018 MARTA White Paper – completed October 2018
3
- US revenue generation accelerating - commercial/ government projects in Georgia, Texas, Colorado
Strong US Government traction- now approved by 11 State DOTs and FHWA (Georgia), in use in Texas & Georgia, DOT trials in Colorado, Idaho, N Carolina
4
- International expansion – Korean trials commenced, Australian/NZ distributor – appointed September 2018 - Emerging European / Indian interest in hydrogen /carbon
5
EdenPlast[TM] product development continued towards future 6 plastics market entry
==> picture [643 x 430] intentionally omitted <==
==> picture [645 x 421] intentionally omitted <==
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
3
Corporate Snapshot
CORPORATE STRUCTURE
==> picture [674 x 698] intentionally omitted <==
----- Start of picture text -----
Eden Innovations Ltd
Eden Innovations LLC EdenCrete Industries Inc
SHAREHOLDERS
6% Board & management
Institutional & Other
39%
Tasman Resources
55%
Note: Tasman Resources is 38% owned by
----- End of picture text -----
==> picture [231 x 41] intentionally omitted <==
----- Start of picture text -----
Eden Innovations India
Pvt Ltd
----- End of picture text -----
Note: Tasman Resources is 38% owned by Eden Innovations Directors Gregory Solomon and Douglas Solomon
==> picture [402 x 47] intentionally omitted <==
CAPITAL STRUCTURE
==> picture [388 x 59] intentionally omitted <==
Eden Innovations Ltd
==> picture [729 x 274] intentionally omitted <==
----- Start of picture text -----
Symbol EDE
Issued shares 1,521,399,119
Stock Price [(1)] A$0.074
Market Cap [(1)] ~ A$112 million
Cash ~ A$2.1 million [(1)]
Debt ~ A$1.05 [(2) ]
----- End of picture text -----
-
1) As at 9 November 2018
-
2) Mainly long term vendor finance of purchase price on first Colorado property, 2% interest rate
EDEN INNOVATIONS | ASX: EDE EDE:ASX
4
Executive Management Team
==> picture [156 x 155] intentionally omitted <==
Gregory Solomon Executive Chairman
Chairman of Eden since incorporation in 2004. More than 30 years experience as a director of public companies. Currently executive chairman of Tasman Resources Ltd and a non-executive chairman of Conico Ltd.
A commercial lawyer by background with more than 30 years Australian and international experience in many areas including mining and energy law, commercial and corporate law.
LLB
==> picture [155 x 155] intentionally omitted <==
Aaron P. Gates CFO, Company Secretary
A qualified accountant with more than 14 years of accounting, audit and corporate finance experience.
Chartered Accountant and Chartered Secretary.
Bachelor of Commerce (Curtin University) with majors in accounting and business law and completed a Diploma of Corporate Governance.
BCom CA AGIA
==> picture [156 x 155] intentionally omitted <==
Roger Marmaro President / CEO - Eden Innovations U.S
Responsible for corporate planning and implementation, management development and commercial business expansion.
Co-inventor of Hythane®.
Formerly at ADA Technologies and
BOC Edwards.
BFA in Design, BSME
==> picture [155 x 155] intentionally omitted <==
Robert Reid III Executive Business DirectorEdenCrete Industries Inc. US
Responsible for assisting in the strategic planning, development of the sales and marketing strategy, policies and operating procedures.
Mr Reid has over 40 years of experience in Risk Management and Private Equity dealing with a wide array of operating companies. Mr Reid has a degree in economics.
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
5
2. PRODUCT OVERVIEW
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
6
Core Expertise – Carbon Nanotubes
==> picture [288 x 308] intentionally omitted <==
Harnessing the benefits of carbon nanotube technology for commercial application in concrete and plastics
TEM image of Eden’s MWCNT
Key properties:
- Tensile Strength: 100-300x steel
==> picture [39 x 46] intentionally omitted <==
==> picture [39 x 46] intentionally omitted <==
==> picture [39 x 46] intentionally omitted <==
How carbon nanotubes work
Act as nucleation points for dense cement hydration - builds on all surfaces of CNT
Create quintillions (10[18] ) of flexible, super-strong carbon nano-structures throughout the concrete Produces denser, stronger, tougher and more durable concrete
-
Weight: ~17% of steel
-
Highly conductive: thermally and electrically
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
7
EdenCrete[® ] Range
==> picture [433 x 97] intentionally omitted <==
-
EdenCrete[®] is a cost effective, carbon nanotube enriched liquid admixture for concrete that is mixed into wet concrete
-
Increases flexural, tensile & compressive strength, and abrasion resistance
-
Reduces shrinkage, permeability and damage from salt and chemicals and increases freeze/ thaw resistance
All key qualities for infrastructure
EdenCrete[®] Pz EdenCrete[®] HC EdenCrete[®] Suitable for Portland Suitable for both High concentration Pozzolanic and lower cost cement Portland cements
==> picture [821 x 975] intentionally omitted <==
----- Start of picture text -----
Carbon nanotubes in fresh cement paste
Monash University - Helium ion microscope image
----- End of picture text -----
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
8
New product development: EdenPlast[TM]
Eden aims to enter the plastics market with its new product, EdenPlast[TM ]
-
Aims to develop CNT in Nylon 6 plastic and other polymers
-
Jointly funded project with University of Queensland
-
Awarded Australian Research Council funding
-
Relatively low-cost processing method
Suitable plastics markets:
- Automotive and packaging
Highly encouraging preliminary results:
-
50% increase in stiffness
-
Increase in electrical conductivity
Next steps:
- ARC R&D project into possible commercial scale-up underway
Proven in-house capability
Development, testing and commercialisation
-
EdenCrete[®]
-
EdenCrete[®] HC
-
EdenCrete[®] Pz
-
OptiBlend[®]
-
Hythane[®]
HC and Pz products launched at World of Concrete in January 2018
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
9
Barriers to Entry-EdenCrete[®]
==> picture [39 x 46] intentionally omitted <==
10 years of product development
Product field testing by Government departments after initial approval typically requires 12 months, including lab tests
==> picture [39 x 46] intentionally omitted <==
==> picture [39 x 46] intentionally omitted <==
Typical sales cycle for EdenCrete[®] is 6 -9 months, after successful field testing by the relevant DOT
==> picture [39 x 46] intentionally omitted <==
100% ownership of the Pyrolysis Project (CNT production) Patents granted for Pyrolysis Project
==> picture [38 x 46] intentionally omitted <==
Patent applications pending for EdenCrete[®] , EdenCrete[® ] Pz and EdenPlast[™]
==> picture [402 x 47] intentionally omitted <==
==> picture [377 x 24] intentionally omitted <==
----- Start of picture text -----
EDEN INNOVATIONS | ASX: EDE
----- End of picture text -----
==> picture [28 x 19] intentionally omitted <==
----- Start of picture text -----
10
----- End of picture text -----
3. EdenCrete® - GLOBAL MARKET OPPORTUNITY
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
11
EdenCrete[®] - Applications & Customers
ADVANTAGE
SUITABLE FOR
• Roads, airfields, coastal, marine, dams, sewers, bridges, runways, coastal/marine environments, dams, sewer/water pipelines
Permeability / salt resistance / shrinkage
Abrasion resistance
• Hard-stand areas, warehouse floors, roads, bridges, pavements
Flexural, tensile • Beams and slabs, roads and bridges, & compressive precast & pre-fabricated products, high strength / early rise buildings, retaining walls strength
==> picture [336 x 188] intentionally omitted <==
==> picture [336 x 187] intentionally omitted <==
==> picture [336 x 188] intentionally omitted <==
==> picture [62 x 74] intentionally omitted <==
==> picture [62 x 75] intentionally omitted <==
==> picture [62 x 74] intentionally omitted <==
CUSTOMERS
-
Government Department of Transport authorities - ~40% of US concrete market
-
Pre-cast concrete manufacturers - ~30% of US concrete market
-
Ready-mix suppliers - ~30% of US concrete market
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
12
EdenCrete® - Outstanding Product Benefits
==> picture [452 x 29] intentionally omitted <==
----- Start of picture text -----
ABRASION RESISTANCE
----- End of picture text -----
==> picture [649 x 406] intentionally omitted <==
==> picture [382 x 26] intentionally omitted <==
----- Start of picture text -----
EdenCrete [® ] Reference
----- End of picture text -----
Dramatic increase in abrasion resistance
REDUCED PERMEABILITY
| REDUCED PERMEABILITY | REDUCED PERMEABILITY |
|---|---|
| Chloride Content (Wt.%) Depth (mm) Control Mix – Not Ponded Control Mix – Ponded Penetrated Chloride Values 10-20 0.004 0.059 0.055 25-35 0.006 0.045 0.039 40-50 0.004 0.005 0.001 55-65 0.003 0.004 0.001 Depth (mm) Test Mix – Not Ponded Test Mix – Ponded Penetrated Chloride Values 10-20 0.006 0.012 0.006 25-35 0.004 0.005 0.001 40-50 0004 0004 0000 |
|
| MARTA Test Results . . . 55-65 0.003 0.003 0.000 |
|
| Dramatic reduction in permeability |
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
13
EdenCrete[®] - Value Proposition
| EdenCrete® | - Value Proposition |
|---|---|
| • Cost advantages resulting from price and reduced concrete volumes, plus faster setting times • Combines multiple product advantages • Liquid suspension, easy controlled mixing • Environmental impact from reduced concrete consumption |
Products Increases Compressive Strength Increases Split- Tensile Strength Increases Flexural Strength Reduces Shrinkage Reduces Permeability Increases Abrasion Resistance Drawback |
| ✓ ✓ ✓ ✓ ✓ ✓ |
|
| Fibers (PP,PVA,ACRY,LOK) • • • Reduced workability, difficult to handle |
|
| Shrinkage Reducers • Strength reduction, expensive, reduces workability, impacts entrained air |
|
| Steel Reinforcement • • Expensive, corrosion potential, weight factor, job-site safety |
|
| Surface Hardener • • Potential alkali-silica reaction |
|
| Silica Fume, Fly Ash • • • Expensive, increased water, hard to handle, worker/workplace safety |
|
| Steel Fibres • Reduced workability, difficult to handle, job- site safety |
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
14
- Government Validation and Commercialisation
Government approval for use by Departments of Transport (DOTs) in 11 US States, 26% of total US bridges in need of repair, with 11 further DOT applications pending
==> picture [38 x 46] intentionally omitted <==
Georgia Department of Transport (GDOT) mandated use of EdenCrete® in all State funded full depth slab repair projects in Jan 2017
==> picture [38 x 46] intentionally omitted <==
Federal Highway Administration (FHWA) approval for use of EdenCrete® in federally funded, repair projects in Georgia in September 2017. First FHWA contract (US$525,000) commenced Q3 2018.
==> picture [38 x 46] intentionally omitted <==
Customer sales to Texas Department of Transport-approved pre-stressed bridge beam manufacturer. Sales expanding to include additional plant for Valley Prestress
==> picture [38 x 46] intentionally omitted <==
==> picture [36 x 46] intentionally omitted <==
MARTA Whitepaper endorses use of EdenCrete® and confirms increased durability of concrete and long term cost savings when EdenCrete® used
- DOT Fact Sheets Highlight Grim State of US Roads and Bridges – 9 July 2015
==> picture [188 x 152] intentionally omitted <==
==> picture [339 x 85] intentionally omitted <==
==> picture [268 x 107] intentionally omitted <==
==> picture [696 x 624] intentionally omitted <==
----- Start of picture text -----
WA
VT
MT
OR
ID
MI
NV
CO WV
VA MD
MO
NC
TN
OK
AZ
AR
NM
MS
GA
LA
TX
AK
DOT Ma Le end
p g
Approved for Use
(APL or QPL not applicable)
DOTs where CNT admixture is on the
APL or QPL
APL or QPL or ‘Approved for Use’
(DOT dependent)
represent…
•
Under Review
25% of US population
•
26% of US bridges in need of repair
(approximately 37,800) Submission Pending
----- End of picture text -----
-
26% of US bridges in need of repair (approximately 37,800)
-
39% of US total land area
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
15
EdenCrete® - Case Study
ABRASION RESISTANCE / ULTRA HIGH WEAR APPLICATION
==> picture [533 x 382] intentionally omitted <==
==> picture [562 x 382] intentionally omitted <==
==> picture [569 x 375] intentionally omitted <==
CONTROL TRIAL SLAB TYPICAL ULTRA HIGH LOAD EdenCrete[®] TRIAL SLAB Significant cracks and High loading/ abrasive application No cracks or evidence of wear wear after 6 months at site – repeat contracts
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
16
EdenCrete[®] - Cost Comparison
Ultra High Wear /Abrasion Resistance Application
Longer wearing concrete required less depth, without base and compacted layers.
This project delivered significant cost advantages to the customer.
This project has resulted in an increasing number of similar contracts
Concrete slab with wire mesh or macro-fibers
~ $15/ ft.[2 ]
Concrete slab 8.5” w/ wire mesh or macrofibers dosed at 4.5 lbs./yd.[3 ]
==> picture [278 x 157] intentionally omitted <==
----- Start of picture text -----
Graded Aggregate
6”
Base
95% compaction
----- End of picture text -----
Concrete slab with steel
==> picture [130 x 26] intentionally omitted <==
----- Start of picture text -----
~ $22/ ft. [2 ]
----- End of picture text -----
==> picture [309 x 211] intentionally omitted <==
----- Start of picture text -----
Concrete slab
w/ #4 steel
12”
----- End of picture text -----
==> picture [282 x 304] intentionally omitted <==
----- Start of picture text -----
Graded Aggregate
6”
Base
95% compaction
Prepared sub-base
6” 95% compaction
----- End of picture text -----
Concrete slab with EdenCrete[®]
==> picture [286 x 205] intentionally omitted <==
----- Start of picture text -----
~ $12/ ft. [2 ]
Concrete slab
6”
w/ EdenCrete [ ® ]
----- End of picture text -----
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
17
Commercialisation Progress
EdenCrete[®]
-
Bulk distribution contracts
-
Repeat business customers - government and private
-
Supply contracts vary by volume for each project
-
Significant revenue growth projected FY 2019 and FY 2020
-
• Targeted to be cash flow positive FY 2020
OptiBlend[®]
-
Customised one-off contracts
-
Typically installation plus unit purchase - US$ 23k-40k (AU $30k-50k)
==> picture [402 x 47] intentionally omitted <==
==> picture [689 x 948] intentionally omitted <==
----- Start of picture text -----
EDENCRETE REVENUE
600
500
400
300
200
100
0
FY16 FY17 FY18
EDENCRETE SALES BY VOLUME
25000
20000
15000
10000
5000
0
FY16 FY17 FY18
EDEN INNOVATIONS | ASX: EDE
US $,000
gallons
----- End of picture text -----
==> picture [28 x 19] intentionally omitted <==
----- Start of picture text -----
18
----- End of picture text -----
Infrastructure Markets
-
Roads, Bridges, Tunnels
-
Ports and marine applications
-
Airports
==> picture [533 x 601] intentionally omitted <==
-
Railways
-
Dams and water systems
-
Bus transit stations/ light rail
-
Toll Roads
-
Public/ Private Partnerships
==> picture [680 x 481] intentionally omitted <==
==> picture [628 x 423] intentionally omitted <==
==> picture [633 x 401] intentionally omitted <==
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
19
Commercial Markets
-
Hardstand areas
-
Factories
-
Showrooms
-
Warehouses/ logistics hubs
-
Driveways / car parks
-
Precast
-
Building / construction
==> picture [521 x 604] intentionally omitted <==
==> picture [716 x 529] intentionally omitted <==
==> picture [540 x 698] intentionally omitted <==
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
20
Current sales pipeline
GEORGIA
COLORADO
GDOT State funded repair projects using EdenCrete[®]
-
EdenCrete® specified by name in repair projects
-
Further repair projects and bridge trial in pipeline
-
FHWA Federally funded projects using EdenCrete[®]
-
1[st] large, FHWA funded pavement replacement project -11 lanes miles - order received Sept 2018 - US$525,000
-
• Next project being planned
-
Corporate, privately funded projects
-
Follow-up orders- warehouses and hardstand projects
-
Metropolitan Atlanta Rapid Transit Authority (MARTA) • Whitepaper - Potential projects under discussion
Ready mix companies
Denver Public Works / Colorado Department of Transport
(CDOT)
- Projects expected - salt/chemicals, abrasion resistance,freeze thaw
• Follow-up trials and production scale up to meet future demand • Tunnels- EdenCrete® approved for shotcrete project - 2019 Commercial sales- driveways, tunnels (shotcrete), warehouses Vail and Gypsum-- Contracts bridges and road repairs
OTHER US STATES Precast and ready mix
- Additional precast contractors, manufacturers being approached Various trials with ready mix companies- pozzolanic concrete mixes
-
-
AUSTRALIA and KOREA
-
Development of standard ready mix designs underway for various applications incl. ports and warehouses
Parchem appointed Australian distributor – rollout in Q1 2019
Korean trials underway – sales anticipated Q1 2019
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
21
Outlook & News Flow Pipeline
==> picture [40 x 48] intentionally omitted <==
OUTLOOK
Strong year on year revenue growth expected for FY19 and beyond driven by EdenCrete[®] sales based on :
-
Georgia - Growing number of existing projects already underway including US$525,000 order for first FHWA project
-
Georgia - MARTA Whitepaper in October 2018 endorses use of EdenCrete[®] ; states it will save MARTA costs over long term
-
Colorado - Colorado DOT, Denver Public Works trials underway
-
DOT trials in North Carolina (bridge) and Idaho (road) underway
-
Georgia, Colorado, New York - commercial sales and trials increasing
-
Anticipated pipeline of commercial and infrastructure projects including Georgia with DOT/ FHWA projects / MARTA contracts, and in Colorado and States where sales and various trials underway
-
Appointment of Australian distributor anticipated to produce increasingly strong sales of EdenCrete® from 2019
ANTICIPATED NEWS FLOW
- Increasing number of contract wins for EdenCrete® expected over next 6-12 months
==> picture [31 x 38] intentionally omitted <==
State DOT approval process by the US National Transportation Product Evaluation Program (NTPEP) reporting in early Q2 2019
==> picture [32 x 38] intentionally omitted <==
==> picture [32 x 38] intentionally omitted <==
-
ASTM (international standards) trials of EdenCrete® Pz in early 2019
-
Increasing sales expected for EdenCrete® HC and EdenCrete® Pz
==> picture [31 x 38] intentionally omitted <==
-
Potential Korean distributor currently undertaking trials – may lead to appointment as a distributor Increasing European interest
==> picture [31 x 38] intentionally omitted <==
Significant interest anticipated when plastics and polymer R&D project moves towards commercialisation in 2019.
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
22
Growth Strategy
- Georgia production plant– USD $22m in incentives secured from Georgia Govt to establish EdenCrete[® ] lobal g
production plant in Augusta, GA. Will increase 2.4m gallon per year output capacity of Colorado facility, by estimated 12.5m galls/yr.
==> picture [369 x 82] intentionally omitted <==
----- Start of picture text -----
•
Enter the global plastics market
with EdenPlast [®] (developed
with Queensland university)
----- End of picture text -----
==> picture [1686 x 526] intentionally omitted <==
----- Start of picture text -----
•
• EdenCrete [®] P and with Queensland university) Prime 65 acres industrial site
EdenCrete [®] HC – acquired
•
Research and development of
increasing trials to generate
concrete with little or no steel CAPACITY EXPANSION 04
sales to new and existing
reinforcement (with Deakin
US infrastructure and
commercial and customers University)
•
Significantly increase US sales
of EdenCrete [® ] over next two
•
DOT bridge trials planned
PRODUCT RANGE 03
years – commercial and
or underway in several
infrastructure markets
States
•
Geographic market expansion
into Europe / Asia (Korea) /
FURTHER PRODUCT
Oceania (Australia)
02
•
Increase OptiBlend [® ] sales in TESTING
India and USA
SALES GROWTH 01
----- End of picture text -----
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
23
4. FINANCIALS
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
24
Financials
Year Ended June 2018
SUMMARY
| $,000 FY18 |
$,000 FY17 |
% change | |
|---|---|---|---|
| Revenue | 1,318 | 949 | 38.8% up |
| Other comprehensive income /(loss)* |
419 | (31) | n/a |
| Total comprehensive income / (loss) |
(10,406) | (11,295) | 7.9% down |
attributable to members of the parent |
BALANCE SHEET
| $,000 30 June 2018 |
$,000 30 June 2017 |
|
|---|---|---|
| Cash and cash equivalents |
3,490 | 7,985 |
| Total Assets | 20,132 | 22,981 |
| Total Liabilities | 2,370 | 3,416 |
| Net Assets | 17,762 | 19,565 |
| Total equity | 17,762 | 19,565 |
CASH FLOW
| $,000 30 June 2018 |
$,000 30 June 2017 |
|
|---|---|---|
| Receipts from customers |
1,013 | 1,165 |
| Net cash used in operating activities |
9,204 | 8,451 |
| Cash at end of period |
3,490 | 7,985 |
- Exchange differences on translating foreign operations
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
25
5. OUTLOOK & SUMMARY
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE
26
Corporate Journey
2005
- Eden & University of Queensland awarded ARC Grant for Carbon Nanotube research
2006
-
June – Eden admitted to official list of ASX
-
June – Eden wins major US Technology award for Hythane
-
September – Eden in US Energy Department Breakthrough –
2007
- May – Eden enters agreement with Larsen & Toubro Engineering group in India – Manufacturing and marketing hydrogen and Hythane™ technology
2008
- January – Eden wins international tender to supply India’s first public hydrogen fuel station
2009
• March – Ashok Leyland launches new Indian Hythane™ Engine • September – Eden Secures maiden Indian sales of
OptiBlend[® ] system. First 3 sales of OptiBlend[®] dual fuel system in Assam India
2010
-
February – Eden signs agreement with Gail India Ltd and Mahangar Gas Ltd for commercial sized Hythane Demonstration project
-
August – Pyrolysis (CNT) Project acquisition from the University of Queensland completed. Eden now owns 100% of the intellectual property
2011
- January – First US Production – super strength carbon nanotubes (CNT)
April – Testing commenced on carbon nanofibres in rubber, coating, plastic and concrete September – Eden released next generation OptiBlend[®] December – Initial order for 12 Optiblend[® ] Dual fuel kits in US
Historic Hydrogen Fuel Test
2013
- July – Eden & University of Queensland awarded second ARC Grant for Carbon Nanotube research
2014
- October – Eden’s carbon concrete additive wins Australian Civil Contractors Federation’s Environment award
2015
-
February – First US trial of EdenCrete[®]
-
July – Eden and Monash University receive ARC research grant (transferred to Deakin)
-
• September – ONGC (India) tender won for Optiblend[® ]
-
• August – 1st Georgia DOT I-20 field trial
-
November – EdenCrete[® ] receives approval from Georgia Department of Transport (DOT)
2016
• April – US $24.76m incentive package received to establish EdenCrete[® ] plant in Augusta, Georgia
- May – First commercial order for EdenCrete[® ]
• June – Study shows encouraging results of CNT in plastics • August – Georgia DOT highway repair projects
2017
• January – EdenCrete[® ] mandated for use by Georgia DOT
-
April – First EdenCrete[®] bulk supply agreement in Texas
-
• August – Korean Government agency trials of EdenCrete[®]
-
• September - EdenCrete[® ] approved by US Federal Highways Administration for use in Georgia
2018
• January – Conditional[®] by Oregon DOT, bringing State government DOT approvals to 11 • January - EdenCrete[® ] HC and EdenCrete[® ] Pz launched
• DOT trials start in Colorado, Idaho and N. Carolina - 5 State DOTSnow using or trialling EdenCrete® • July- Korean Precast company agreement
Sept- FHWA contract US $525,000 GA industrial site acquired MARTA Whitepaper- supportive EdenPlast® - strong progress
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
27
Summary
==> picture [71 x 71] intentionally omitted <==
==> picture [71 x 71] intentionally omitted <==
==> picture [71 x 71] intentionally omitted <==
==> picture [71 x 71] intentionally omitted <==
==> picture [71 x 71] intentionally omitted <==
==> picture [71 x 72] intentionally omitted <==
==> picture [71 x 71] intentionally omitted <==
==> picture [71 x 71] intentionally omitted <==
Core product EdenCrete[®] , is a liquid concrete admixture that delivers significant cost and product advantages, facilitating denser, tougher, stronger cement and longer lasting, more durable concrete Operating in the global concrete market expected to reach US $921 billion and growing at almost 8% GAGR Proprietary technology and core expertise in manufacturing and production of carbon nanotube products Three commercialised products, EdenCrete[®] , EdenCrete Pz[®] and OptiBlend[®] , with strong year on year revenue growth for EdenCrete[®] expected for FY19 and accelerating in FY20 and FY21 High barriers to market entry, with over 10 years in product development, established direct working relationships with Government departments, plus strong patent protection and proprietary technology Strong US Government traction with product approval from 11 Departments of Transport and 11 further applications, plus Federal Highway Authority approval in Georgia / MARTA endorsement of EdenCrete® Opportunity to expand into the automotive and packaging sub sectors of the multi-billion dollar plastics industry, with EdenPlast® - R&D focusing on commercialisation - master batch produced and patent applications Strong news flow pipeline anticipated including customer trials with revenue conversion potential
==> picture [402 x 47] intentionally omitted <==
EDEN INNOVATIONS | ASX: EDE EDE:ASX
28
GREG SOLOMON EXECUTIVE CHAIRMAN
Level 15, 197 St. Georges Terrace, Perth, Western Australia Telephone: +61 8 9282 5889 Email: [email protected]
==> picture [1003 x 840] intentionally omitted <==
==> picture [613 x 73] intentionally omitted <==
www.edeninnovations.com
EDEN INNOVATIONS | ASX: EDE
29