Ticker: VLS.L 2013 Interim Results 30 September 2013 1
Overview Positioned for sales We are being selected for projects ahead of competitors Favourable macro environment Healthy pipeline progressing towards sales Reactor order for 1,400 bpd plant received and being produced Gearing…
Financial highlights: H1 2013 Commercial transition Revenue of 1.7 million (FY H1 2012: 3.6m) Reflects commercial transition (no development revenue nor grants) 4th milestone of five received for Brazil demonstration Initial payment…
Market environment Ripe for smaller scale GTL Shale gas revolution ushering age of gas surplus Long-term stability of gas-oil arbitrage expected Other favourable drivers Energy security Environmental benefits e.g. flare…
Sales Growing and maturing pipeline Paid Velocys engineering hours growing fast Due diligence complete with several customers Depth and variety of sales pipeline encouraging We generally do not announce projects by name until…
New project announcement Red Rock Biofuels Velocys selected in 2012 by Red Rock Biofuels Subsidiary of experienced biofuels project developer, IR1 Group 1,100 bpd biomass-to-liquids (BTL) plant Located in Oregon, USA Using…
Engineering partners Ventech Engineers Placed reactor order for 1,400 bpd capacity 8 commercial scale reactors (8 million) Kick-started supply chain Production underway Delivery 18-20 months Several GTL plants in engineering…
New project announcement Pinto Energy Velocys selected in 2012 by Pinto Energy Houston-based developer of GTL facilities in North America Portfolio of sites for development of smaller scale GTL 2,800 bpd GTL plant in Ashtabula,…
Pinto Energy: Ashtabula project Tapping into local shale gas (Marcellus & Utica) Ashtabula GTL Site Will convert abundant low-cost natural gas into: High value specialty products (solvents, lubricants and Design complete end…
Pinto Energy: Ashtabula project Location and layout Lake Erie Ashtabula GTL Site benefits from access to substantial existing infrastructure: waste water treatment; power plant; cooling water pumping; air separation; gas…
Supply chain Ready for deployment Commercial FT reactor manufactured Optimised final design for manufacture at volume Demonstrated and finalised service, manufacture & quality protocols Catalyst service partner Mourik trained…
Manufacturing Ramping up for mass production Implementing multi-million dollar state-of- the-art production cell at chosen supplier Cost effective mass production Consistent high quality In place by year end Initial capacity…
Pilot plant and training facility Supporting sales and delivery Integrated GTL pilot plant at the Velocys Ohio, USA site Add pilot plant photo Operations began in April Provides Performance data to support differing client…
Resource build-up Houston operation Houston will become the Companys commercial and engineering centre Hub of global oil & gas industry Improved access to talent Accelerate commercial roll out and reinforce market leading…
Resource build-up Growing commercial and process engineering teams Commercial Team Process Engineering Team Steve LeViness (photo not available) Sasol Oryx Further & Further additions Shell Pearl additions 2 Sr Sasol…
Brand unification Building the foundations of a great company As of 25 September, we are Velocys Top co. renamed Velocys plc Ticker VLS.L Single front to customers and investors New brand identity created Visionary pioneer and…
Summary Positioned for sales Velocys continues to lead the field Further selections ahead of competitors Favourable macro environment, healthy pipeline of opportunities progressing towards sales with world-class supportive partners…
Appendix
About us Leaders in smaller scale GTL Unique innovative technology solution for smaller scale GTL* World-class pedigree 20 yrs of research and development University of Oxford: top global research centre; largest chemistry…
Board of directors Industry expertise, technical and commercial experience Pierre Jungels, PhD, CBE Andrew Jamieson, PhD, OBE Chairman Non-executive Director 30+ yrs in oil industry: was CEO 30+ yrs with Shell including Pearl GTL…
Commercialisation underway Announced selection for four commercial projects BAs GreenSky London Red Rock Biofuels 21
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