CORPORATE PRESENTATION CONFIDENTIAL

CORPORATE
PRESENTATION
CONFIDENTIAL
WESTINGHOUSE PLASMA GASIFICATION TECHNOLOGY
1. Commercially proven
2. Industry leader worldwide
3. Fortune 500 customers
4. Large sales pipeline of existing projects
5. Westinghouse brand
OUR FOCUS (100% Owned)
OUR VISION
We have the industry leading plasma gasification technology that provides clean
and renewable energy solutions by converting all types of waste and biomass
into high value energy – like electricity, ethanol, diesel or syngas for industrial
use. With plasma systems in operation for 20 years and converting waste into
energy since 2002, our technology is commercially proven and has lower
emissions than conventional energy technologies.
To provide the leading technology platform for converting the world’s waste into
clean energy for a healthier planet.
WHO WE ARE
Alter NRG is a publicly traded alternative energy company providing clean
energy solutions (TSX: NRG; OTCQX: ANRGF).
OUR MISSION
As the industry leader, deployed in multiple markets world wide we have
dominated an industry segment that transforms current waste management
practices. We build shareholder value by enabling our customers to convert
waste into clean energy by providing plasma gasification products, services and
solutions that are innovative and environmentally friendly.
CONFIDENTIAL
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GET TO KNOW US
•
•
•
Formed in 2006
Headquartered in Calgary
IPO in April 2007 at $2.25 / share
•
•
•
28.2 million shares outstanding
Project to be cash flow positive in 2014
52 week trading range - $2.11 - $4.96
SIGNIFICANT ASSET BASE
WORKING CAPITAL
KEY ASSETS
• Approximately $10.0 million of working capital as at June 30, 2014 with no debt
• Own the industry leading Westinghouse Plasma Gasification Technology
• World class demonstration facility in Madison, PA, USA
• Strategic alliances with industry leading companies and engineering companies
focused on renewable energy
CORE OFFERINGS
RECURRING CASHFLOW
• Equipment sales
• Licenses
• Engineering
•
•
•
•
Annuity parts sales
Royalties on projects
Options to co-invest in key projects
Ability to get carried interest on projects we co-develop
2014
2015
2016
2017 and beyond
# Projects
2-3
3-5
7-10
10+
Revenue
$30 -$40M*
$70-$90M*
$100-$130M*
$200M*
Cashflow
Positive
$10-$20M
$20-$30M
$50M+
ESTIMATED REVENUES
MHC (Services) Ltd.
3
* Based on probabilistic analysis of existing pipeline
CONFIDENTIAL
ALTER NRG: TIPPING POINT
Alter NRG has the dominant plasma conversion technology. Through a more than 20 year evolution of
technology development, numerous reference facilities, and expanded product design the tipping point has
been reached. Some very significant commercial milestones have been achieved as follows:
•
•
•
To date ~$500 million dollars
invested in plasma gasification
technology industry
Differentiated ourselves by flexibly
processing all types of waste
Environmental boon as we reduce
emissions and landfill usage
•
•
Size matters and Westinghouse
Plasma Gasification Technology
is the market leader with the
processing of 1,000 tonnes/day
at TV1 and TV2
Strong economics as facilities
get paid to take the waste
feedstock
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CONFIDENTIAL
ALTER NRG MANAGEMENT
Kevin Bolin – Chairman
•
Joined Alter NRG’s Board of Directors in January 2009 ; Chairman since 2012
•
Currently on Board of Directors of EnerTech Environmental, Inc., formerly President & CEO
•
Certified Public Accountant in the states of New York and Georgia, USA
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Formerly Audit Senior, KPMG Peat Marwick, focusing on energy, services, manufacturing and chemical industries
Walt Howard – Chief Executive Officer
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Joined Alter NRG as CEO in March 2012
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30+ years in global project development – specifically renewable energy including Waste to Energy expertise
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Has held CEO, COO, CFO and SVP executive positions with utility leaders including General Electric, American Water, US Generating (an
affiliate of PG&E and Bechtel), Noble Environmental Power, J MakowskiCo. Inc., Ze-gen and Poseidon Resources
Daniel Hay – Chief Financial Officer
•
Joined Alter NRG in 2006 as CFO and is one of 3 original employees
•
Prior to Alter NRG was CFO and VP Finance for small public oil and gas companies; previously with Grant Thornton LLP as Senior Manager
of the oil and gas business unit
•
Experienced in oil and gas accounting, finance and public company reporting
Richard Fish – President
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Joined Alter NRG in 2009; President since 2010
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Prior to Alter NRG held senior executive positions
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26 years experience in global business development, sales and marketing and product development of public and private companies
•
Expertise in brand building, merger acquisition, business process integration and strategic alliances
Kent Hicks – Chief Technology Officer
•
Joined Alter NRG in 2009
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Prior to Alter NRG was Vice President, Downstream Operations for Synenco Energy and General Manager in Petro Canada’s Fort Hills oil
sands project
•
Expertise in constructing, starting up and operating energy projects including gasification
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CONFIDENTIAL
TECHNOLOGY
AND MARKET
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ALTERNATIVES FOR WASTE TREATMENT
Burn it…
Bury it…
200 kWh recovered per tonne of waste
700 kWh recovered per tonne of waste
Convert it…
Using Plasma Gasification
In addition to electricity
the plasma gasification
process can also create:
•Ethanol
•Gasoline
•Diesel Fuel
•Oil Replacement
Better economics and
environmental
performance make
plasma gasification the
next generation of waste
conversion technology
1,000 kWh recovered per tonne of
post-recycled waste
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SYNGAS PRODUCES MULTIPLE HIGH VALUE END PRODUCTS
Customers:
Partners:
Beijing Huanyu
Guanchuan Plasma
Technology
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CONFIDENTIAL
ENERGY RECOVERY FROM WASTE
=
1 Tonne Household Waste
=
1 to 1.4 MWh Power
=
1 bbl Oil
65 Gallons Ethanol
ENVIRONMENTAL ADVANTAGE
Twenty year accumulated
green house gas loading
for four power generation
options.
Slag
•
Results compared on a basis of
1,000,000 MWh.
Superior Environmental Footprint
• Reduced carbon footprint vs landfill and
other thermal treatment technologies
• Beneficial use of by-products and a
reduction in the amount of material that
must be sent to landfill
• Vitrified Slag is inert/non-leaching and is
being used as a construction aggregate
“Waste to Energy helps turn a waste management problem into an energy generating solution”
U.S. Environmental Protection Agency
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GLOBAL WASTE MARKET
“ The challenges surrounding municipal solid waste are going to be enormous, on a scale
of, if not greater than, the challenges we are currently facing with climate change. It’s a
relatively silent problem that is growing daily.”
– Dan Hoornweg – lead author of the World Bank
Study “What a Waste – A Global Review of Solid Waste Management”
2012 MARKET SIZE
2025 MARKET SIZE
LIQUID FUELS
2.7 million
Bbls/day
LIQUID FUELS
4.6 million
Bbls/day
(OR)
(OR)
WASTE
3.5 million
tonnes/day
SYNGAS
20 billion
MMBtu/year
WASTE
6 million
tonnes/day
SYNGAS
12 billion
MMBtu/year
ELECTRICITY
175 GW
capacity
ELECTRICITY
296 GW
capacity
“Waste generation levels are expected to grow by 69% by 2025”.
Source: World Bank
World Bank Study
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COMMERCIAL
APPLICATIONS
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HISTORY OF WESTINGHOUSE PLASMA GASIFICATION
In the mid 1990’s Westinghouse sold off all but its broadcasting division (CBS) due to liquidity
issues. Management (scientists) bought WPC originally and then sold it to Alter NRG in 2007
Advantages of Westinghouse Plasma Gasification
•
Fuel flexibility - uses renewable and recurring resources
•
Better environmental performance - significant reductions in carbon footprint and
overall pollution
•
Strong economic returns today without government incentives
•
Qualifies for financial incentives and credits worldwide
•
Commercially deployed in facilities for 10 years
•
Energy self-sufficiency - governments are endorsing plasma solutions
Our key advantage is ‘know-how’
Westinghouse Plasma Corporation
•
Industry-leading plasma gasification technology, +25 years and over $100 million
of R&D investment through Westinghouse
•
Proprietary IP, technical knowhow, and active patents worldwide
•
Performed over 100 pilot tests on numerous feedstocks at our world class plasma
centre with 48 tons per day capacity
Patented, Proprietary Technology Developed Over Decades
Pilot Facility in Madison, PA
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THE PATH OF EVOLUTION: FROM DEMONSTRATION…
TO COMMERCIALIZATION…TO OPTIMIZATION…
WESTINGHOUSE PLASMA PROJECTS
PILOT PLANT
U.S.
48 TPD
DEMO
YOSHII & MIHAMA
MIKATA, JAPAN
24 TPD
MSW + SLUDGE
1983
1999
UTASHINAI
JAPAN
220 TPD
MSW + ASR
2001
PUNE
INDIA
78 TPD
HAZARDOUS
2008
WUHAN
CHINA
150 TPD
SHANGHAI,
CHINA
30 TPD
BIOMASS
MSW &
INCINERATOR
FLY ASH
MSW
MSW
2013
2014 & 2016
2014
2012
TEESSIDE,
TV1 &TV2, UK
2,000 TPD
BIJIE,
CHINA
600 TPD
GASIFICATION SYSTEMS AND SOLUTIONS
P5
• Up to 100 tpd
Waste
• Up to 5 MW
electrical
• Energy
equivalent of
up to 50,000
bbls/yr of
fossil fuel
W 15
• Up to 300 tpd
Waste
• Up to 15 MW
electrical
• Energy
equivalent of up
to 150,000
bbls/yr of fossil
fuel
G 65
• Up to 1000
tpd Waste
• Up to 50 MW
electrical
• Energy
equivalent of
up to 650,000
bbls/yr of
fossil fuel
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TECHNICAL COMPETITIVE POSITION
New applications that
have increased
energy value
2012-2014
Air Products, England
Wuhan Kaidi, Wuhan, China
GTS Energy, Shanghai, China
GES, Bijie, China
2010
Project Gateway, China
Coskata, USA
Nagpur, India
Commercial
Facilities
2008-2009
SMSIL, Pune, India
Expanded Product Offering
Upgraded Pilot Facility
Our 10 year
head start
2003-Present
WPC & Alter NRG
Technology
Enhancements
World’s only waste
gasification technology
provider working at
commercial scale
underpinned by 30 years
of investment, innovation
and ingenuity creating a
10 year head start on
competition
2002-2003
Hitachi Metals, Hitachi Ltd.,
Utashinai & Mihama Mikata, Japan
2000-2002
Demonstration
Facility
Pilot Facility
Research &
Development
2000
Hitachi Metals, Hitachi Ltd.,
Yoshii, Japan
PLASMA COMPETITORS
CONVENTIONAL GASIFICATION COMPETITION
1990
Westinghouse Plasma Center,
Waltz Mill Site
Madison, Pennsylvania
1970-1990
Various stages of
incubation R&D, pilot
testing and facility
demonstration
Large conventional technology providers
cannot handle waste, biomass, or blended
feedstock and only focus on multi-billion
dollar projects using coal or petroleum coke
(homogeneous feedstock)
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CONFIDENTIAL
PLASMA GASIFICATION ECONOMIC ADVANTAGE
OPERATING COST
(NET OF TIPPING FEES)
SCALE
$60/t
$80/t
$100/t
1000 tpd
G-65
$0
($2.40)
($4.75)
200 tpd
W-15
$3.60
$1.10
($1.40)
Assumptions:
Capital per MMBtu for clean syngas is ~$2/MMBtu
Compression to 400psig per MMBtu is approx $0.75/MMBtu
We Convert a Problem: All types of waste
Into An Energy Solution: Clean syngas
In an Economic and Clean Way: Can generate cash before
selling any energy
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CONFIDENTIAL
Tipping fees* and long-term power prices
set the stage for understanding the impact
of our value proposition.
Projects are economic for different reasons
•
•
Emerging countries often have low
tipping fees but high power prices
Industrialized countries often have
higher tipping fees due to improved
waste management policies but lower
power prices
Effect of Power price and tipping fees on pre-tax ROE
TIPPING FEE ($/tonne)
$ 60.00 $ 70.00 $ 80.00 $ 90.00 $ 100.00 POWER PRICE ($/MW)
WASTE TO POWER - ECONOMICS
$ 60.00 0.85%
4.41%
7.40%
10.10%
12.64%
$ 70.00 4.94%
7.86%
10.50%
13.05%
15.48%
$ 80.00 8.32%
10.96%
13.46%
15.89%
18.26%
$ 90.00 11.38%
13.87%
16.28%
18.65%
20.98%
$ 100.00 14.28%
16.68%
19.04%
21.37%
23.68%
$ 110.00 17.08%
19.43%
21.76%
24.06%
26.35%
$ 120.00 19.82%
22.14%
24.44%
26.73%
29.00%
Assumptions: 1000 tpd @ 13.79 MJ/kg, combined cycle. 50% Debt @ 7%. Installation
Location is USA – USGC $248M USD Installed Capital @ 20% contingency. Discount
rate = 10%. Oxygen Purchased @ $61/tonne. Plant Availability = 85% (year 1), 90% (year
2), 90% (year 3). Metallurgical Coke as carbon bed material @ $300/tonne
So,
In most populous areas, the economics
are compelling. Our solution solves two
important goals,
1. Avoiding landfilling
2. Providing renewable energy
*Tipping Fees are costs to dump at landfill sites
Tees Valley 1 Project, UK
1,000 tpd to create 50 MW Power
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WASTE TO POWER – ECONOMIC ALL OVER THE WORLD
Toronto
$100/$100
IRR of 18%
California
$80/$120
IRR of 18%
New York
$120/$75
IRR of 17%
Poland
$70/$90
IRR of 14%
Czech/ Slovak
$50/$160
IRR of 18%
Japan
$150/$120
IRR of 25%
Thailand
$0/$160
IRR of 13%
Caribbean
$30/$180
IRR of 17%
Brazil
$50/$110
IRR of 13%
Australia
$120/$75
IRR of 18%
South Africa
$25/$125
IRR of 12%
Tipping Fee / Power Price
Assumptions: 1,000tpd combined cycle, capital costs adjusted for area, 11.63 mj/kg waste, unlevered (no debt), no credits or incentives,
stats sourced Sep 2013
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WASTE TO SYNGAS – REPLACE LNG
Multiple uses for Syngas
• Replacement fuel for LNG
• Replacement fuel in existing boilers –
up to 30% (COEN boiler study
performed)
• Used in gas turbines to replace 100%
of natural gas (GE study performed)
• Inside
the
fence
–
industrial
companies or manufacturers can use
their own waste to create energy
Effect of LNG price and tipping fees on pre-tax ROE
TIPPING FEE ($/tonne)
$ ‐
LNG PRICE ($/GJ)
•
$ 20.00 $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 10.00 N/A
5.68%
13.30%
20.12%
26.70%
33.15%
$ 12.00 6.11%
13.66%
20.46%
27.03%
33.47%
39.80%
$ 14.00 14.01%
20.08%
27.36%
33.80%
40.12%
46.32%
$ 16.00 21.03%
27.69%
34.12%
40.44%
46.63%
52.70%
$ 18.00 28.02%
34.45%
40.75%
46.94%
53.01%
58.96%
Assumptions:
1000 tpd @ 13.17 MJ/kg Replacement of Fuel Oil. 50% Debt @ 7%. $172M USD
Installed Capital @20% contingency. Plant Availability = 85% (year 1), 90% (year 2),
90% (year 3). Cost of Power = $85/MW (Average for USGC 2013).
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CONFIDENTIAL
WASTE TO SYNGAS – REPLACE LNG
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CONFIDENTIAL
WASTE TO SYNGAS – REPLACE FUEL OIL
•
•
Ability to replace fuel oil with
syngas at much lower cost
(negative cost in some cases)
Places in the world that do not have
natural gas and import fuel oil for
power
Refineries have ability to use waste
streams to create syngas and
reduce parasitic load (sell more oil)
Effect of Fuel Oil Price and tipping fees on pre-tax ROE
TIPPING FEE ($/tonne)
$ ‐
OIL PRICE ($/BBL)
•
$ 10.00 $ 20.00 $ 30.00 $ 40.00 $ 50.00 $ 80.00 5.74%
9.69%
13.27%
16.69%
20.02%
23.29%
$ 90.00 12.51%
15.95%
19.20%
22.58%
25.82%
29.03%
$ 100.00 18.57%
21.86%
25.12%
28.33%
31.52%
34.68%
$ 110.00 24.44%
27.67%
30.86%
34.03%
34.16%
40.27%
$ 120.00 30.20%
33.37%
36.51%
39.63%
42.17%
45.76%
$ 130.00 35.83%
38.95%
42.04%
45.10%
48.13%
51.13%
Assumptions: 1000 tpd @ 13.79 MJ/kg Replacement of Fuel Oil. 50% Debt @ 7%.
Installation Location is USA – USGC. $175M USD Installed Capital @60% contingency.
Discount rate = 10%. Natural Gas Cost, Delivered ($/GJ) = $13.00. Oxygen Purchased @
$61/tonne. Plant Availability = 85% (year 1), 90% (year 2), 90% (year 3). Metallurgical Coke
as carbon bed material. Electric Driven Compressor. Cost of Power = $120/MW (Average for
Florida USA in June 2013).
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CONFIDENTIAL
SALES AND
PROJECTS
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PLASMA TECHNOLOGY SALES: TIMEFRAME
We Sell: Licensing, Engineering, Equipment and Recurring Parts
Sales occur in conjunction with the project
development cycle:
• Share the same project development risks
for financing, regulatory approval, etc.
• Long lead times for equipment sale of 3-5
years in North America and Europe
Core Markets:
Recurring
Revenues
Options to Invest
Non-Core: Exclusive
Licenses & Royalties
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CONFIDENTIAL
STRATEGIC RELATIONSHIPS
“We are pleased to be working with the industry leader,
Westinghouse Plasma, and have aggressive plans to develop and
build plasma gasification facilities ourselves and for our
customers in India and the Middle East. We have received many
inquiries from customers who want to construct facilities similar
to the plants in Pune and Nagpur. We have dedicated 140 people
to expanding our plasma gasification business and we expect to
construct up to 4-5 facilities over the next 2-3 years.”
- Hemant Lohda, Director of SMS states
“Thailand presents an excellent opportunity for the immediate
deployment of the Alter NRG technology. This will be in
conjunction with conventional power island technologies similar
to the Air Products Tees Valley programme, which is currently
being built in the UK. We liken the opportunities for development
of this technology in the Thai market, as being at least on a par
with the UK market. With the future prospect of the AFC Energy
fuel cell technology achieving commercial roll out by 2016, the
prospects for investors in Waste2Tricity are very exciting.”
The Westinghouse advanced gasification technology provided by Alter
NRG, is leading the next generation of EfW technologies. It offers a more
efficient, cleaner conversion of waste-to-power than traditional EfW
technologies and has the potential to generate a wider range of useful
products, including heat, hydrogen, chemicals and fuels.
- Air Products Press Release, August 7, 2012
“Our investment in advanced gasification EfW technology is a natural
extension of our onsite business model. Offering an innovative growth
opportunity, it allows us to further extend our leading position in the global
energy market and continue to deliver on Air Products’ commitment to
sustainability.”
- John McGlade, Chairman, President and
Chief Executive Officer of Air Products.
“The installation of the gasifier was the culmination of an integrated
effort by all our construction contractors on site. We had to use
precision surveying and custom-made shims to allow the gasifier vessel
to be installed to the required tolerances. The professional approach by
everyone involved made this happen safely and on schedule.“
- Barry McConnell, Resident Site Manager, Foster Wheeler
- Peter Jones, Chairman, Waste2Tricity, UK
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CONFIDENTIAL
TEES VALLEY ADVANCED GASIFICATION
ENERGY-FROM-WASTE PLANTS
•
•
•
•
Will divert up to 350,000 metric tons of non-recyclable waste from landfill
per year
Approximate capacity of 50 MW of Electricity via Combined Cycle
Configuration
Will be the first of its kind combined cycle facility in the UK, and the largest of
its kind anywhere in the world
The intention is to build a total of 5 advanced gasification facilities in the UK
•
First project is currently under construction, scheduled to enter
commercial operation in 2014
•
In November 2013, Air Products issued a USD$ 21 million purchase
order for the second project, to be built adjacent to the first project
•
Validation of the Westinghouse Plasma Gasification Solution by a wellrespected Fortune 500 Company that has generated significant commercial
interest from other companies worldwide
“Our investment in advanced gasification EfW technology is a natural extension of our onsite
business model. Offering an innovative growth opportunity, it allows us to further extend our
leading position in the global energy market and continue to deliver on Air Products’
commitment to sustainability.”
- John McGlade, Chairman, President and
Chief Executive Officer of Air Products.
“Advanced gasification has a key role to play in delivering renewable energy and I warmly
welcome the decision by Air Products to proceed with its Tees Valley Renewable Energy
Facility. Air Products' announcement reflects the UK’s commitment and support for clean
energy, combined with our stable and transparent environment for investors.”
- Nick Clegg, The UK
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Deputy Prime Minister
CONFIDENTIAL
DEMONSTRATION FACILITY, SHANGHAI, CHINA
• Incinerator vitrification facility located in Shanghai, China
processing 30 tpd of hazardous waste
• Integration with an existing incinerator to take the incinerator
ash as well as other difficult and hazardous feedstock
o
Reduces fly ash disposal costs
o
Increases electrical output
o
Improved environmental performance
o
Joint launch of turn-key hazardous waste solutions
worldwide
• Westinghouse Gasification Solution Publicly endorsed by the
Government of China as the go to guideline for treatment and
management of municipal waste
• The grand opening was held in Q1, 2014, the facility was
commissioned and now operating
Naicheng Zhou, President of GTS Energy states that “In these three years, we
have cooperated very successfully and constructed a 30 tonne/day medical
and hazardous waste plasma gasification treatment system in Shanghai,
China. This is the first time in China that advanced plasma technology has
been utilized on a large commercial scale, and our system has been highly
acclaimed by industry experts and the Chinese government. The medical and
hazardous waste treatment industry is an immense domestic and international
market with an incredibly bright future for our continued development. GTS
Energy will continue to use all resources, knowledge and 30 plus years of
industry experience, which spans over 300 large scale energy projects all
over the world, to strengthen this partnership and future ventures.”
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CONFIDENTIAL
GREENWORLD ENERGY SOLUTIONS CORP. (GES)
GES, Bijie, China
• In February 2014, signed agreement with Bijie City Green
Environmental Energy Limited to provide engineering and
equipment
o
Order value of $15 million
• A 600 tpd facility that will produce 15 MW of electricity
using MSW from the City of Bijie, China
• This project has been officially designated as a “key
project” by the Provincial Government of Guizhou due to
the anticipated environmental benefits
• The project has received the final environmental
permitting from the government of the People’s Republic
of China; with initial start-up expected in mid-2016
“We are very excited to be kicking-off our first project in China which we believe
provides the best-in-class waste management solution with better environmental
performance compared to other alternatives. In addition to the Bijie project, BGE
has additional projects in China which it also continues to advance. This project
will also provide a testing platform for clean coal applications. We believe that the
Westinghouse Plasma Gasification Technology will play a significant role in
China Clean Coal Applications.”
- Jeffery Hu, Principal , BGE
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CONFIDENTIAL
ENERGY-FROM-WASTE IN PUNE, INDIA
• SMSIL owns 72 tpd hazardous waste
treatment facility
• 40-60
different
waste
streams
processed simultaneously during the
year
• Syngas is used to create electricity
which is exported to grid
• SMSIL actively developing new projects
– 1 in EIA stage, pipeline of projects
• SMSIL and Alter NRG cooperating to
replicate the Pune configuration around
the world
“We are pleased to be working with the industry leader,
Westinghouse Plasma, and have aggressive plans to develop and
build plasma gasification facilities ourselves and for our
customers in India and the Middle East. We have received many
inquiries from customers who want to construct facilities similar
to the plants in Pune and Nagpur. We have dedicated 140 people
to expanding our plasma gasification business and we expect to
construct up to 4-5 facilities over the next 2-3 years.”
- Hemant Lohda, Director of SMS states
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CONFIDENTIAL
DEMONSTRATION FACILITY, WUHAN, CHINA
• Wuhan Kaidi’s demonstration facility currently
being commissioned in Wuhan, China
• Gasifier commissioned in Q1, 2013
• Facility will be converting the syngas to liquid
fuels
• Kaidi has more that 100 identified sites for the
conversion of biomass-to-energy (both power
and liquids)
• Working with Rentech’s technology for liquids
conversion
Kaidi is a publicly traded company in
China with ~ $2 billion USD annual
revenues and an aggressive track
record
“We are pleased to be working with the Westinghouse plasma
solution and believe it provides fuel flexibility for the more than 150
biomass projects that we plan to develop throughout China. We are
looking to begin development immediately of a small scale project
that can be used as a reference to aggressively build out many larger
scale facilities in the near-term.“
- Mr. Chen Yilong, Chairman of Kaidi
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CONFIDENTIAL
WASTE2TRICITY (W2T) BUYS EXCLUSIVE COUNTRY
LICENSE FROM ALTER FOR THAILAND
• $2 million country license. $1 million paid in
December 2013 and remaining amount due
December 2014.
• W2T must purchase site licenses ($3,500 per
tonne per day upfront plus $5/tonne royalty) and
gasification equipment from Alter NRG
• W2T also has preferential access to AFC fuel
cell technology for Thailand, as well as the UK
• In February 2014, W2T signed an MOU
agreement with Alter NRG and AFC Energy for
EfW projects and adoption of fuel cells in
Thailand
“This
agreement clearly demonstrates Waste2Tricity’s intentions
to shorten the time-to-market for our energy-to-waste systems
incorporating AFC’s low cost fuel cell systems. The MOU will
quickly establish a business model to monetize the growing waste
stream in Thailand and will also create a platform for developing
similar projects in the ASEAN region.”
- PK Thummukgool, Director of Waste2Tricity Ltd and
Project Director for the Thailand
• In December 2013, W2T announced project for
Bilsthorpe Industrial Park, Nottinghamshire, UK,
for 97,000 tpy that will generate 16.6 MW
electrical to power up to 24,000 homes
• Anticipated completion in late 2016
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CONFIDENTIAL
SUMMARY
Large markets: Multi-billion market sizes in numerous
markets as a result of:
• Desire for increased energy security
• Concern over global climate change
• Reduce energy volatility
• Encourage economic development
Industry leading technology: In commercial operation
worldwide since 2002
Large sales funnel: Hundreds of proposed projects
advancing worldwide
Credible developers: Partnered with Fortune 500 and
equivalent companies around the world
Fast growth: Large sales of $10 to $50 million per
transaction
Key risk: Long lead-time projects and complicated sales
cycle
One technology which potentially can use
various types of waste, produce
electricity and hydrogen without emitting
dioxin, furan and mercury, is plasma arc
technology. Municipalities can install a
plasma arc facility which will eliminate
land filling…
U.S. Environmental Protection Agency
Producing ultra-clean energy from
gasification is the most environmentally
attractive alternative to utilize solid fuels,
including coal.
U.S. Department of Energy
Plasma gasification generates ~50% less
CO2 equivalent emissions on a per MWh
basis compared to incineration
Georgia Tech Research Institute
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ANALYST COVERAGE
Analyst Reports
Price Target
• Scarsdale Equities – Mike Niehuser
$8.00 CDN
• ROTH Capital Partners – Philip Shen & Matt Koranda
$5.00 CDN
• Cormark Securities Inc. – MacMurray D. Whale
$5.60 CDN
Alter NRG is dual-listed on the TSX (NRG) and OTCQX (ANRGF)
• The TSX is the largest and most widely-recognized stock exchange in
Canada
• The OTCQX provides a credible and accessible gateway to access
U.S.-based investors
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Confidentiality and Forward-Looking Statements
This presentation is confidential and for authorized use only. Under no circumstances are its contents to be reproduced or distributed to the public, media or potential investors
without written authorization.
The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness.
Certain statements in this disclosure may constitute “forward‐looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or
implied by such forward‐looking statements. When used in this disclosure, such statements use such words as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”,
“plan”, “anticipate”, “estimate”, and other similar terminology. These statements reflect the Corporation’s current expectations regarding future events and operating
performance and speak only as of the date of this disclosure. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ
materially from the results discussed in the forward‐looking statements, including, but not limited to, the factors discussed below and under “Risk Factors” in the Corporation’s
Annual Information Form filed March 28, 2013. Although the forward‐looking statements contained in this disclosure are based upon what Management believes are reasonable
assumptions, the Corporation cannot assure investors that actual results will be consistent with these forward‐looking statements. These forward‐looking statements are made as
of the date of this disclosure, and, subject to applicable securities laws, the Corporation assumes no obligation to update or revise them to reflect new events or circumstances.
This disclosure may contain forward‐looking statements pertaining to the following: capital expenditure programs; supply and demand for the Corporation’s services and industry
activity levels; commodity prices; income tax considerations; treatments under governmental regulatory regimes. The Corporation has provided cost estimates and resource
conversion ratios for projects that are still in the early stages of development and are preliminary estimates only.
No securities commission or other similar regulatory authority has passed on the merits of the securities described herein nor has any securities commission or similar regulatory
authority reviewed this presentation and any representation to the contrary is an offense.
All dollar figures are Canadian unless otherwise stated.
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NOTES
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NOTES
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NOTES
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460, 227 – 11th Avenue S.W.
Calgary, Alberta, Canada T2R 1R9
Phone: (403) 806-3875
Toll free: 1 (866) 999 3875
Fax: (403) 806-3721
Email: info@alternrg.com
www.alternrg.com
TSX: NRG
OTCQX: ANRGF
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