Leading solutions for biological wastewater treatment  

Ecosummit, Berlin

March 2012

Confiden(al  2  

v  Biowater designs and engineers next generation technologies and solutions for the municipal and industrial wastewater treatment markets.

v  Biowater Enables re-use of precious water for purposes ranging from grey water to drinking water (saves high water charges, protects the environment).

v  Biowater’s next generation biological treatment technologies significantly lower energy consumption and operational costs for municipal and industrial clients.

v  The team has unique know-how in microbiology and process engineering, with experience from over 300 installations.

v  Biowater presents a €4m investment opportunity to help these technologies to further penetrate the global market and build a leading worldwide player.

Summary:  Biowater  Technology  

Confiden(al  3  

GLOBAL CHALLENGE • 1,7 million people die annually from diseases related to polluted water • 4 billion people lacks satisfactory sewage conditions • 1,1 billion people have no access to drinking water

“For the next 25 years, treatment plants for 0,5 million people must be built every day” - UN Millennium Development Goal

GROWING OPPORTUNITY • Global wastewater treatment is a €multi-billion market (over €5 billion in 2009) • Our target sectors are growing faster than the market: • Municipal: $60m (2008) to over $370m (2015) 29.7% CAGR Industrial: to top $243m by 2015 at a 17.6% CAGR • Developed world à Need to upgrade existing plant capacity Developing world à Massive demand for new plants

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Water  treatment  is  a  global  challenge  and  a  growing  opportunity  

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2009 2015 Water and wastewater market MBBR/MBR

€ billions (Frost & Sullivan)

Confiden(al  4  

Biowater  has  an  ambi(ous  management  team,  pioneering  engineers  and  commercial  trac(on  with  customers  

ENGINEERING LEADERSHIP • Biowater Engineers pioneered the MBBR development team at Kaldnes, which revolutionised the industry and has become standard. We are making it better !

COMMERCIAL TRACTION • Revenues of €2m in 2011. Implemented 13 projects across 9 countries These were acquired with the existing small sales team only • Global network of 11 representatives in 10 countries, covering the most attractive market. Exclusive partner agreement for the US municipal market with Parkson.

Laura Marcolini Technical Director Biowater US

Jon Siljudalen Chief Technical Officer

•  Director of industrial sales, process engineering at AnoxKaldnes •  20 years experience in the wastewater treatment sector •  Several waste water treatment related publications

•  20 years professional experience in the water and wastewater industry •  Member of the Water Environment Federation and member of the industrial

committee chair of the New England Water Environment Association

•  25 years experience across sales managing director, business development and board in wastewater treatment sector

•  Managing director at MBBR pioneer AnoxKaldnes until 2007, leading business across 47 countries, selling 450 large and 10.000 small WWTPs

Terje Andersen Chief Executive Officer

Confiden(al  5  

Technology Benefits

CMFF® - Complete Mix Fixed Film

•  ESTABLISHED INDUSTRY LEADING TECHNOLOGY •  Biowater’s MBBR process for extremely high and variable load conditions •  Self regulating biofilm ensures process stability •  Trademarked

CFAS® - Combined Fixed Film Activated Sludge

•  ESTABLISHED INDUSTRY LEADING TECHNOLOGY Biowater’s own IFAS process

•  20% more compact bioreactors in comparison to MBBR •  Doubles the capacity of an existing Active sludge plant •  Trademarked

CFIC® - Continuous Flow Intermittent Cleaning

•  NEW TECHNOLOGY. SUCCESFUL PILOT •  Enables continuous process with no regular downtime •  More efficient separation step. Facilitates usage of membranes •  Significant reduction of operating cost •  Patent granted

HyVAB® - Hybrid Vertical Anaerobic Biofilm Bioreactor

•  TECHNOLOGY IN DEVELOPMENT •  “One step” treatment technology incl. separation •  Combining aerobic and anaerobic treatment •  Dramatically reduces treatment plant footprint, reduces operating cost. •  Patent granted

Biowater’s  next  genera(on  technologies  will  disrupt  the    market  with  strong  cost,  efficiency  and  quality  benefits  

Confiden(al  6  

Biowater has acquired a unique level of know-how on microorganisms for wastewater treatment

Microorganisms for wastewater treatment – An overview

• Invisible organisms (0.001 – 100 µm in diameter)

• Consisting of one or several cells and producing its own energy • Metabolizing pollutions in wastewater, producing clean water and CO2

• Microorganisms applied in a treatment plant are e.g. bacteria, fungi or protozoa

Biowater’s process knowledge

• The wastewater treatment process is carried out by many different microorganisms with a need for different growth conditions

• Selecting the right type and amount of microorganisms in biological treatment stage is key for establishing a continuous and safe process

• To get optimal results, different parameters have to be considered and controlled to ramp-up of the process at a wastewater treatment plant, e.g. growth kinetics, doubling time

Microbial growth kinetics Doubling time of microorganisms

Time in min

Bacteria Yeast Fungi Protozoa

Inte

rval

Con

cent

ratio

n

Time

Bacteria

Fungi

15 30 90 180

Confiden(al  7  

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

100%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

100%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

100%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90%

100% - 30% - 41%

- 98% - 75%

AS MBBR CFIC®

CFIC® produces lower total suspended solids (TSS) concentrations than MBBR process, even at higher significantly higher wastewater loading rates.

Energy consumption CAPEX

Space required Solids in effluent

CFIC® allows 20% more compact bioreactors compared to MBBR due to its optimized process and biocarrier design.

Biowater’s proprietary CFIC® technology offers industry-leading performance when compared with widely used Activated Sludge and MBBR solutions. The low footprint, combined with Biowater’s approach to process design makes this far more versatile than existing

solutions, making it very suitable for a wide range of existing WWTP.

A higher oxygen transfer rate, due to a longer lifetime of the air bubbles, leads to lower energy consumption for air sputting. The biological treatment stage of a WTTP accounts for 2/3 of its total power consumption.

CFIC® can be integrated into existing WWTP, utilising many of the existing infrastructure.

CFIC    provides  significant  reduc(ons  in  energy,  capex  and  opex,  enabling  higher  quality  in  a  given  footprint.  

Confiden(al  8  

•  Biowater is expected to reach profitability in 1Q 2013, with an EBITDA margin of >20% in 2015

-­‐5,000  

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5,000  

10,000  

15,000  

20,000  

25,000  

30,000  

35,000  

40,000  

2012   2013   2014   2015   2016  

CMFF®/CFAS®   CFIC®   Separa(on   HyVAB®   EBITDA  

Financial forecast (€k)

€38.5m

€9m

40%

15%

= % of revenue covered by existing orders

Existing order log for 2012 of €1.4m, revenue expected to hit €3.5m, today’s total tender volume: €3.5m

Project pipeline for 2013 already filling, revenue forecast of €10.3m, today’s total tender volume: €11.8m

Biowater  is  set  for  strong  revenue  growth    from  a  diversified  product  porZolio  

Confiden(al  9  

•  Respected management with 40 years collective experience in the sector •  Highly skilled engineering team with experience of over 300 installations.

Product

Market

Team

•  Leading provider of water treatment process design & technology. •  Pioneers of the next two generations of technology CFIC® and HyVAB®

(reducing CAPEX and OPEX for new and existing plants) •  Commercially compelling: reducing cost and energy use

(less downtime, lower power consumption, fewer consumables).

•  Serves the largest markets, both fast growing (Europe and Americas). •  Market growth driven by regulatory pressure and the need for capacity

expansion: Europe (CAGR 23.7%); Americas (CAGR 23.2%).

Biowater is recognised as one of two leading European technology providers and one of 8 on a global basis, according to Global Industry Analyst.

Biowater  will  build  on  its  leadership  today  with  compelling  cost  effec(ve  technologies  for  tomorrow