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EDEN INNOVATIONS LTD — Investor Presentation 2023
Oct 24, 2023
64820_rns_2023-10-24_4dfe1066-9bad-41ac-83c0-47df5c99ad14.pdf
Investor Presentation
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ACN 109 200 900
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ASX RELEASE 25 October 2023
Spotlight 23 Investor Conference
The Company advises that Executive Chairman Mr Gregory Solomon will be presenting at the Spotlight 23 Investor Conference to be held today at the Ritz-Carlton in Perth, Western Australia.
His presentation is attached to this ASX release.
Jamie Scoringe
Company Secretary This announcement was authorised by the above signatory. For any queries regarding this announcement please contact him on +618 9282 5889.
Eden Innovations Ltd | Telephone +61 8 9282 5889 Level 15, 197 St George’s Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com
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Investor Presentation
25 October 2023
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”, “budgeted”, “forecast”, “targeted” 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 budgeted, forecast and targeted revenue, 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).
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CORPORATE STRUCTURE
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SHAREHOLDERS
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Note: Tasman Resources is 37% owned by
Eden Innovations Directors Gregory
Solomon and Douglas Solomon
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Corporate Snapshot
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ASX:EDE
Shares On Issue 3,363,636,845
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Stock Price A$0.003
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Market Cap. ~A$10.09 Million
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Cash ~A$2.53 Million
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Debt ~A$11.7 Million
1 As at 18 October 2023
2 As at 30 June 2023
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Debt- US$5.8 million (~ A$9.06 million) of total debt is secured against US real estate owned by Eden that was extended in August 2023, and that has an appraised value in May 2022 of over US$12 million (A$18.75 million). The balance of the debt (A$2.63m) is an unsecured loan from the Company’s largest shareholder Noble Energy (wholly owned subsidiary of Tasman Resources).
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Eden Innovations Ltd Flowchart
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Natural Gas Proprietary Catalyst
(Feedstock) (Feedstock)
Reactor
Hydrogen (H2) Carbon (CNT)
Hythane
(CNG + H2)
EdenCrete EdenPlast Batteries Coatings
Products (Plastics) (Future) (Future)
OptiBlend Dual
Fuel System
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CNT-enriched Liquid Concrete Admixtures Deliver more durable, higher performance concrete, often with lower CO2
EdenCrete® - For Portland Cement
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Improves durability, strength, abrasion resistance; shrinkage, permeability, resistance to chemicals/salt, and freeze thaw resistance
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EdenCrete® Pz/Pz7 - For all cements including fly ash & slag
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Cost effective CNT- enriched admixture for any concrete including high
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pozzolan mixes - fly ash (low cost/ zero CO2 waste product) / slag
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Enables replacement of <60% of cement with fly ash +/- slag
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Produces low cost, high strength, low CO2 concrete
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Reduction in CO 2 footprint by ~90% of mass of Portland cement replaced
All key qualities for infrastructure and construction
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EdenCrete® EdenCrete® Pz/ Pz7
Suitable for Suitable for both
Portland cement Pozzolanic and
Portland cements
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Carbon nanotubes in fresh cement paste
Monash University - Helium ion microscope image
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Some US EdenCrete® Projects
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- Strong Pipeline of Projects /Sales
USA and EUROPE
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USA - Sold in 22 states since 2016 - approved by 21 DOTs -market growing
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• Infrastructure, Commercial, Industrial, High Rise, Shotcrete
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DOTs - Georgia, Texas, Colorado – roads, shotcrete, bridges
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• Denver Airport – United Airlines using EdenCrete® for 3 years - 5 projects
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• Ports – Savannah/ Brisbane - reduced permeability, extends life by ≤600%. -
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Europe Major company completes trials – first sale anticipated
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INDIA and INDONESIA
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India – Huge Pz/ Pz7 potential –fly ash - 250m tonnes p.a. rising to 500m in 5 years.
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.
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Population 1.4 billion; Godrej Construction –20 cities- other trials major –
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Indonesia Population 270 million- Major trials Pz/Pz7 completed– first sale anticipated
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- world leading dual fuel system
Sales to date exceed A$18million
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Energy Efficiency
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Allows diesel engines to use up to 70% natural gas as primary fuel – no change to engine/diesel fuel system.
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Extends operating time by up to 200%
Markets
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Since 2010 over 350 systems sold in USA , India, Middle East , Africa, Asia.
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Back-up power/ Data centres
Indian Government Mandate
- India- government ban on gensets during winter using solely diesel fuel due to air pollution
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Profitable
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Eden India profitable for 3 years from OptiBlend® sales
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FY2023- A$2.7 million (148% more than FY2022)
OptiBlend® Fuel Control Valve (left) and Air-Gas Mixer (right)
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Lower costs & emissions
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OptiBlend® - Highly efficient, cost/effective
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Increased runtime
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Lower fuel costs, emissions/CO 2,
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Total Forecast Revenue FY2024
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Based on budgeted revenue in FY24
Risk factors and Qualifications
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The targeted revenue and budgeted revenue numbers are subject to change that could arise from any external risks and all other causes and factors outside of Eden’s control include: • Changing market or financial conditions and/or
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difficulties, in the USA and/or any other countries where Eden’s products are marketed;
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Shortage, delays or disruption of labour and materials or
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other breakdown in supply lines;
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Changing governmental laws or regulations;
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Any other major upheavals, including any civil, military, or
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economic disruption, in or to any of Eden’s markets or product supply lines occurring; and
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Extreme weather events or other natural disasters.
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Eden’s Key Objectives for CY2024
Achieve a positive cashflow for Eden Group: o Eden India - cashflow positive for 3 years /paid Eden Australia maiden dividend (A$540k) in FY 2023
o Eden US – reduced operating costs by over A$3m since October 2022 o Sale - Augusta industrial land - Buyer interest growing (65 acres, appraised value >US$6million)
Increase global sales of: o EdenCrete® Products in USA, Europe, India and Indonesia with many major trials underway or completed o OptiBlend® Systems in India and USA with many orders in pipeline and/or anticipated
Engage with major companies to help realise full market potential of Eden’s pyrolysis technology: o Discussions and/or trials continuing with two companies
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Eden ‘s ASX Price/ Volume Graph- 2006 to 2023
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Thank You
GREG SOLOMON EXECUTIVE CHAIRMAN
Level 15, 197 St. Georges Terrace, Perth, Western Australia Telephone (Work): +61 8 9282 5889 Cell / mobile: +61 4 0206 0000
Email: [email protected] www.edeninnovations.com
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