ctan 6min final · growth & exit opportunities 2015 2016 2017 2018 2019 $4,500k $2,500k $1,500k...
TRANSCRIPT
infinitecomposites.com918-409-0384
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Growth & Exit Opportunities
2015 2016 2017 2018 2019
$4,500k
$2,500k
$1,500k
$650k
Capital Needs
US NGV Market
US Storage & Transport
Intl. Storage & Transport
Aerospace & DefensePotential Exit
$54M Value
Potential Exit $186M Value
EV/Revenue=2.7xEV/Earnings=30-50x
Comps
Company Share Type I Type II Type III Type IV Type V
Faber 28.4%
Luxfer 11.4%
Lincoln 6.3%
Cilbras (Praxair) 5.5%
Worthington 3.3%
Quantum 1%
3M/ Xperion 1%
CNGCI 0.2%
Cobham 0.1%
Pressed Steel 0.1%
CTD 0.01%
Infinite Composites* 0.0%
Competitive Landscape
Source: Composites Technology (2014)
* formerly CleanNG LLC
vs. ASME Sphere
$28k112 GGE900 lbs.28GGE @ $7k
$30k97 GGE9000 lbs.97 GGE @ $30k
Price
Capacity
Weight
Expansion
Competitive Dynamics
Model Year 1 Year 2 Year 3 Year 4 Year 5iCPV 4500 23x60 50 422 1101 2010 3768iCPV 3600 22x60 20 224 585 1068 2001iCPV 3600 22x80 275 549 1431 2614 4898
Total 345 1195 3117 5692 10667
FINANCIAL PROJECTIONS
Item Year 1 Year 2 Year 3 Year 4 Year 5Revenues $ 2,398 $ 7,781 $ 20,284 $ 37,048 $ 69,432
iCPV 4500 23x60 $ 310 $ 2,618 $ 6,824 $ 12,465 $ 23,360iCPV 3600 22x60 $ 108 $ 1,210 $ 3,156 $ 5,765 $ 10,804iCPV 3600 22x80 $ 1,960 $ 3,952 $ 10,303 $ 18,818 $ 35,267
COGS $ 1,388 $ 4,732 $ 12,334 $ 22,529 $ 42,222Gross Profit $ 1,010 $ 3,049 $ 7,950 $ 14,519 $ 27,210
Operating Costs $ 786 $ 1,429 $ 3,414 $ 4,746 $ 6,989EBITDA $ 224 $ 1,620 $ 4,536 $ 9,773 $ 20,221
Depreciation Costs $ 29 $ 70 $ 145 $ 301 $ 559EBT $ 195 $ 1,550 $ 4,391 $ 9,472 $ 19,662
Pro-forma Income Statement (000s)
Projected Unit Sales
Rev
enue
s
Y1 Y2 Y3 Y4 Y5
$69MM
$37MM
$20MM
$8MM$2MM
$19 MM EBT 10,667 unit sales
$195 k EBT 345unit sales
Financial
Projections
Paid Customers
Application Customer Units Status
Mobile Fueling
Greenline Fuel Corp. 4 Operating
Launch System Yeti Space 4 Delivered
Propulsion System NASA MSFC 2 Delivered
N2 Accumulator Uni Systems 4 Awaiting
ASMEFlow Rate
Tester Oasis NGV 2 Awaiting ISO
infiniteGTM Kelly GTM Luxfer/GTM
Price($1,000s) $256 $125 $258
Capacity(MCF) 182 124 172
Tare Weight(#) 6400 27000 8200
GTM Economics
20 foot Gas Transport Modules
Producer ProcessorTransporter
DistributorUser
Natural Gas Value Chain
$6B Global CNG Tank
Opportunity
Marketplace TodayAll-Metal-4130 steel or 6061 aluminum
Metal with Partial Composite Wrap 4130 steel or 6061 aluminum with fiber reinforced center
Composite Over-wrapped Pressure Vessel 4130 steel or 6061 aluminum with full fiber reinforced shell
Composite Pressure Vessel Plastic liner with fiber reinforced shell
Type I93% Share
Type II4% Share
Type III1.5% Share
Type IV1.5% Share