ctan 6min final · growth & exit opportunities 2015 2016 2017 2018 2019 $4,500k $2,500k $1,500k...

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Page 1: CTAN 6min Final · 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
Page 2: CTAN 6min Final · 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
Page 3: CTAN 6min Final · 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
Page 4: CTAN 6min Final · 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
Page 5: CTAN 6min Final · 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
Page 6: CTAN 6min Final · 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
Page 7: CTAN 6min Final · 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
Page 8: CTAN 6min Final · 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
Page 9: CTAN 6min Final · 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
Page 10: CTAN 6min Final · 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
Page 11: CTAN 6min Final · 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
Page 12: CTAN 6min Final · 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
Page 13: CTAN 6min Final · 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
Page 14: CTAN 6min Final · 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
Page 15: CTAN 6min Final · 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
Page 16: CTAN 6min Final · 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

infinitecomposites.com918-409-0384

[email protected]

Tweet: @I_CompositesLike: www.facebook.com/infinitecomposites

Page 17: CTAN 6min Final · 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

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

Page 18: CTAN 6min Final · 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

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

Page 19: CTAN 6min Final · 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

vs. ASME Sphere

$28k112 GGE900 lbs.28GGE @ $7k

$30k97 GGE9000 lbs.97 GGE @ $30k

Price

Capacity

Weight

Expansion

Competitive Dynamics

Page 20: CTAN 6min Final · 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

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

Page 21: CTAN 6min Final · 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

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

Page 22: CTAN 6min Final · 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

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

Page 23: CTAN 6min Final · 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

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

Page 24: CTAN 6min Final · 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

Producer ProcessorTransporter

DistributorUser

Natural Gas Value Chain

$6B Global CNG Tank

Opportunity

Page 25: CTAN 6min Final · 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

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