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Calci TechPresentation 2010

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Calci TechPresentation 2010

  1. 1. The Future is Bright, White & Sustainable Green Breakthrough Projects Technology Delivering Superior and Cost Saving Products for Established Markets April 2010
  2. 2. SAFE HARBOUR STATEMENT FORWARD-LOOKING INFORMATION Certain information from CalciTech Ltd. (“CLK”) (website, presentation, fact sheet or any other communications or company related materials), in various filings with United States Regulators, in reports to shareholders and in other communications, is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to management’s expectations as to financial results as well as information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. Forward- looking information describes the Company's expectations as of March 31, 2010. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others: general economic factors, adverse industrial events, the Company's ability to deliver its products in a timely manner, reliance on two major customers, the non-renewal of contracts which expire in the near term, complexities and timing of signing large customer contracts, the limited time to capitalize on market opportunities, competition, pricing pressures, fluctuations in its operating results, its ability to make and integrate acquisitions, failures or material changes in its strategic relationships, exposure under contract indemnities or defects in products, its ability to attract and retain key personnel, industry and government regulation, risks associated with integrating new production lines, risks associated with entering new product lines and markets, risks associated with establishing new production facilities and the potential for costs over-runs or delays associated with construction, risks that the Company may be unable to procure needed capital for its growth plans and risks that the Company may not be able to obtain licenses for technology needed for its expansion plans on terms that are acceptable to the Company. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward–looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has made certain assumptions regarding the timing of the realization of certain opportunities which it thinks is reasonable but which may not be achieved. Furthermore, the pursuit of these opportunities does not ensure a linear progression of the Company's revenue and earnings, since they may involve significant up-front expenditures. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. For additional information with respect to certain of these and other factors, refer to the risks and uncertainties sections of the Company's Form 20-F Statement dated December 31, 2008 and filed with United States securities regulators. USE OF MARKET AND INDUSTRY DATA CLK information (website, presentation, fact sheet or any other communications or company related materials), includes market and industry data that has been obtained from third party sources, including industry publications, as well as industry data prepared by CLK management and the agents on the basis of their knowledge of and experience in the industry in which CLK operates. Management and the agents' knowledge of the industry have been developed through their experience and participation in the industry. Management believes that the industry data is accurate and that the estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although management believes it to be reliable, management has not independently verified any of the data from third party sources referred to in this investor presentation or ascertained the underlying economic assumptions relied upon by such sources. 2
  3. 3. SCC Process – Green Credentials SCC process turns otherwise economically worthless and polluting industrial waste into a valuable resource. SCC process reduces the requirement for ecologically harmful quarrying, reduces dusting problems and saves energy and transport costs Upcycling of historical waste dumps reduces land fill and allows for regeneration of brown sites. Per tonne of SCC produced from waste, 44 tonnes of greenhouse gas CO2 is consumed (CO2 credits available) Treatment of paper mill sludge ash consumes CO2 while yielding valuable minerals, allowing for recycling not possible with other processes. SCC from waste enables end customers to claim that their products use sustainable materials 3
  4. 4. Investment Opportunity Patented (green) technology converts wide variety of lime sources, particularly industrial waste, into new and superior form of calcium carbonate Technology represents over ten years and $50 million in development costs Technology delivers products with superior quality and cost of use characteristics Technology and products extensively validated in real life trials Projections resulting from market feedback (Letters of Intent) and other extensive internal and third party market research, show that the projects are expected to yield returns well above industry average The market is ready to take delivery, all that is required is build up of production capacity European subsidiary now working towards completion of project finance for first 500,000 tpa production plants and Phase II development towards 2 million tpa production capacity 4
  5. 5. What is SCC? Synthetic Calcium Carbonate Mineral pigment and specialty filler Wide variety of multi billion $ applications Products that • Improve finished product quality • Reduce Running Costs • Increase Productivity Aimed at high end value segment for each application 5
  6. 6. Global Calcium Carbonate and Equivalent Minerals Markets Application Function Market Size Optical & Printing Paper Coating quality Over $ 5 billion Strength, Rheology Plastics Control, Filler, Optical Over $3 billion Food Calcium Fortification Over $300 million Carrier of Calcium, Pharmaceutical Tableting Over $200 million Cosmetics Pigment, texture Over $200 million Paints Optical, Coverage Over $700 million Sealants & Rheology Control Over $150 million Adhesives Rheology Control, Printing Inks Pigment Carrier Over $100 million 6
  7. 7. SCC Potential Market Size (Mtpa) CalciTech Target Sales in 6 SCC Potential SCC Potential 14 kaolin (paper) 14 GCC (non-paper) 46 GCC (paper coating) 26PCC (Coating) 1 PCC (filler) 4.5 PCC (Coating) 1 PCC (filler) 4.5 Market size (Mtpa) GCC (paper coating) 26 SCC Potential GCC (non-paper) 46 PCC (Coating) 1 kaolin (paper) 14 PCC (filler) 4.5 Market size (Mtpa) SCC Potential GCC (paper coating) 14 26 GCC (non-paper) 46 CalciTech Target Sales in 15 yrs 6 kaolin (paper) 14 0 10 20 30 40 50 SCC Potential 14 CalciTech Target Sales in 6 Sources: Industrial Minerals, Roskill 7
  8. 8. SCC Brings Sustainability Reduces usage of valuable materials • Higher filler loadings in plastics reduces usage of polymers by up to 20% • Improved opacity and brightness enables less fibre, pigment and less TiO2 Recycles waste from existing processes • Converts mineral waste from paper recycling plant into valuable paper coating material • Converts carbide waste from PVC acetylene process into useful filler for plastics • Avoids disposal into landfill • Replaces virgin calcium carbonate with superior sustainable SCC • Reduces environmental damage from quarrying and transporting minerals • Captures 44 tonnes of CO2 per 100 tonnes of product • CO2 credits available 8
  9. 9. SCC Brings Cost Savings Increase filler loading in PVC profiles reduces cost by 5% Replaces high volume GCC with lower grammage SCC for same properties, saving pigment costs by up to 20% Increasing filler loading in silicone sealants reduces costs by 18% Reducing TiO2 ($2,800 per tonne) in PVC & Paint reduces product costs by 5% Increasing speed of paper machine by reducing drying time potentially reduces costs by 1-2% Reducing wear on processing equipment reduces maintenance costs Converting waste material saves disposal costs of $60/t 9
  10. 10. Technology Time Line 2002 2009 2003 – 2000 Leuna 1996 – 1999 1999 1999 2000 2000–2002 2009 New Patent First pilot small- Chemical Patent Validation Global Industrial Product filings for plant: scale Process Application Patent Process launches & waste by RVM Odda, production Development UK Application Development Customer recycling and Norway plant validation new products Germany 10
  11. 11. Technology Pedigree Utah University (Prof. J. Bunger) Lausanne University Manchester-Synprotec bench plant RVM research centre (P. Garin) Centre Technique du Papier – Grenoble BASF Validation Paper Producers Plastics Producers Food Producers Geneva Institute of Technology 11
  12. 12. SCC versus Competition SCC PCC SCC has: Narrowest particle size distribution Manipulable particle shape Smoothest particles Ability to offer premium products to clients who will Superior product acquire quality, running cost savings and increased characteristics productivity and hence a competitive advantage 12
  13. 13. SCC Benefits - Paper Coating Increases quality of finished product with better gloss, whiteness, brightness, opacity, etc. Replaces costly calcined clay ($450/t) Enhances kaolin to exceed performance of GCC Reduces coating process running costs with faster speeds and reduced calendering needs Increases the lifetime of expensive coating blades due to lower abrasivity Decreases dusting related maintenance requirements Paper Gloss Brightness 13
  14. 14. SCC Benefits - Polymers PVC Window Profile - performance improvement with SCC (%) Improves gloss and toughness without adverse Whiteness 140 effects on dispersability and melt viscosity 110 Output Gloss SCC 80 Standard GCC Increases polymer strength Impact Strength Thermal Stability Purity leads to improved whiteness and thermal stability in sensitive applications Improves sustainability by offsetting oil based polyolefin resins 14
  15. 15. SCC Benefits – Food & Pharma Extremely high purity complies with strictest current and future purity standards Low metal content ideal for calcium enriched baby and clinical food No sedimentation or chalky taste in calcium enriched milk and beverages Rheology ensures good process filler results for chewing gum, bakery products, cereals, yoghurts, chocolate etc Superior mixability allows use as excipient for nutraceutical and pharmaceutical industry PCC SCC Iron 120 ppm 20ppm Aluminium 120 ppm 3 ppm Lead 200 ppb 150 ppb 15
  16. 16. SCC Benefits - Paints, sealants, adhesives & glass Enhances optical properties in decorative paints Dispersion for paints requires less energy Optimum balance between mechanical and rheological properties Enhances formulation flexibility, such as filler loading in sealants and adhesives More sustainable than other functional extenders including calcined kaolin and PCC Unique advantage of extremely low iron content for production of special glass such as ultra-clear, ophthalmic and new solar panels 16
  17. 17. Commercial Model & Strategy Appointment of industry specialists to work with industry on product development to meet key market drivers Merchant plants serving customer clusters (e.g. geographic & specific product applications) Appointment of application specific sales agents JVs with industrial partners Joint ventures with distributors for geographic and product markets Maximisation of revenue and margin through product mix 17
  18. 18. Roadmap - Achievements Primary patent granted worldwide Further patents pending Pilot plant has proven process, makes trial samples LoI‘s now being secured for plants. Initial plants now ready to build with 100% LoI cover. MoU‘s with partner suppliers and distributors Planning 8 plants in Europe with industrial partners 18
  19. 19. Roadmap - Next step To focus on recycling of paper sludge ash to high grade SCC for paper coating in Europe and North America Complete structured finance for 500,000 tpa of SCC production Develop business plan for North America Review SCC production from waste materials in India and South East Asia Plan for more senior listings in North America and Europe 19
  20. 20. Companies in discussion for LoIs and JVs • The paper industry (European based) • The Chemical Industry (European Major and American based) • The Food industry (European based) international • The Polymer and Plastics industries players in (European based) • The Pigments industry (European and American based) 20
  21. 21. Management Roger Leopard, President & CEO. Extensive financial, marketing and entrepreneurial experience Thomas Livingstone-Learmonth, COO, Extensive senior management experience in various industries among which Chairman and Managing Director of various paper mills in France. CFO: currently recruiting Michael Watts, Director of Marketing, consummate commercial professional with extensive industrial expereince, most recently as President and CEO of the BTG Group, a multinational provider of instrumentation and consumables to the pulp and paper industry Francois Roux: Product Development Director, formerly at National Starch and Huber. Extensive experience in paper and PCC industries Christoph Jensen: Project Director with 20 years plant building experience especially PCC Charles Kunesh: Director US, former research director SMI, PCC division of Mineral Technologies Inc. Jean-Claude Masson: Sales Director Food, Pharma & Cosmetics, formerly at Battelle in Switzerland and Ohio, USA Robert Higgs: Sales Director Polymer Applications, 25 years with Imerys, a world leader in clays and pigments Thomas Shortt: Director of Corporate Communications 21
  22. 22. Investment Case Unique, well protected technology with range of product applications, disruptive in mature markets Highly sustainable & environmentally friendly commercialisation, allowing capture of maximum grants, emission credits & agency project finance Long-term revenue, cash flow & earnings from mature sources Innovative high-margin products, proven to meet key industry drivers of quality, cost and productivity Raised over $50 million in development capital to commercialisation phase First production plants over-subscribed Seasoned management team Strong partners (engineering, technical, production) Large project pipeline – aggressive rollout strategy 22
  23. 23. CalciTech Listing CalciTech is a public company listed on the NASD OTC Bulletin Board in the US Ticker: CLKTF Fully SEC compliant foreign issuer, filing Form 20-F annually Shares outstanding 185,639,086 85% Long-term holders, with institutions, discretionary fund managers and high- net worths Largest shareholders Envirinvest 12.16% Santander Asset Management (6.4%) 23
  24. 24. The Future is White, Bright & Sustainable 24