March 2012 Because sustainability matters
Our aim is to be the leading global plastics recycling company in the production of post-consumer recycled resins recovered from highly complex resource streams, operating the most advanced plastics recycling plants in the world. Nigel Hunton, CEO March 2012 2
We are the global leader at producing sustainably mined plastics from end-of-life durable goods We have an annual processing capacity of 175,000 tons plants in China, Austria and the UK been recognized with numerous prestigious international awards We save 80-90% energy and 1-3 tons CO 2 for every ton produced vs. virgin plastic March 2012 3
We are a truly global clean-tech business Our state-of-the-art plants in China and Austria focus on waste electrical and electronic equipment (WEEE). At the end of 2010, we opened the most advanced plastics recycling facility in the world in Worksop, UK, producing post- consumer plastics from automotive shredder residue. We are backed by a list of blue chip investors including Ambienta, Balderton Capital and Doughty Hanson. Richmond, Kematen/Ybbs, Guangzhou, California Austria China Worksop, UK March 2012 4
A history of growth and innovation Richmond, CA USA Guangzhou China Kematen/Ybbs Austria Worksop, Notts. UK 1992 2002 2005 2006 2009 2010 2011 Mike Biddle begins work on plastics separation Edison Award for Innovation Intel Environmental Award 2011 $50M Revenue March 2012 5
We are addressing the challenges of the plastics industry Dwindling sources Complex processes Supply risks Competitive uses Challenging materials Lack of sustainability Growing costs Extreme volatility Unpredictable supply High capital costs High operating costs Difficult permitting Extreme volatility Unpredictable supply March 2012 6
We re enabling sustainable production of postconsumer resins Growing supplies Mechanical processing Sustainable products Sustainable and not tied to oil Economic and environmentally sound Lower capital costs 80-90% less energy Proprietary mechanical separation Saves 1-3 tons CO2 per ton of plastic Closing the loop March 2012 7
Our strategic focus Automotive Shredder Residue (ASR) ASR is the non-metallic fraction of the feed material removed by the metal recyclers shredding process. European Directive on End-of-Life Vehicles The aim of this Directive is to increase the rate of re-use and recycling to a minimum of 85% by 2015. The recovery of plastics from ASR is the most significant factor in helping to achieve this target. March 2012 8
Our strategic focus Electronic Shredder Residue (ESR) from e-waste The European directive Waste of Electrical l and Electronic Equipment (WEEE) sets targets for collection, recycling and recovery of all types of electrical wastes of which plastics are a major constituent WEEE Shredded WEEE ESR March 2012 9
Urban mining a simplified process overview Styrenics purification (cleaning-sorting ABS & HIPS) Formulation, blending & compounding Feed materials into process, size reduction Polyolefin purification (cleaning-sorting g PP and PE) Remove nonplastics (metal, rubber, wood, glass, fluff, foam, textiles, dirt, etc.) Washing and preparation (clean plastics & remove non-target plastics) Quality assurance, certification and packaging March 2012 10
China MBA Polymers China plant is a JV with Guangzhou Iron & Steel Enterprises (GISE), South China s largest steel company 20,000 sqm Annual processing capacity of 40,000 tons Feedstock is sourced from WEEE (Waste of Electrical & Electronic Equipment) 150 employees Plant became operational in 2006 March 2012 11
Austria MBA Polymers Austria plant is a JV with Müller-Guttenbrunn, Austria s largest metal recycler 20,000 sqm Annual processing capacity of 55,000 tons Feedstock is sourced from WEEE (Waste of Electrical & Electronic Equipment) 80 employees Plant became operational in 2006 March 2012 12
UK MBA Polymers UK plant is a JV with EMR (European Metal Recycling), one of the world s largest automotive recyclers 60,000 sqm Annual processing capacity of 80,000 tons Feedstock is primarily sourced from automotive shredder residue (ASR) 70 employees Plant became operational in 2011 March 2012 13
We promote premium products under our EvoSource TM brand typical applications ABS HIPS PP Office Stamps Vacuum Cleaners Small & large appliances Printer Housings Office Products Spools Clothes hangers Appliances and furniture components March 2012 14
Quality Management Each of our plants has a fully equipped laboratory for: Incoming Feedstock Analysis Real-time separation analysis at multiple l checkpoints Testing of finished goods to ISO standards Mechanical Properties Melt Flow RoHS screening Certifications ISO 9001 Quality System UL-listed products March 2012 15
Our unique DNA Sourcing 100% post-consumer feedstock, which is diverted from landfill or incineration Low emission i and low energy manufacturing process Support customers to comply with external drivers, e.g. Blue Angel, EPEAT Price stability Secure supply Growing availability Batch to batch consistency Successfully replacing virgin plastics RoHS; REACH EvoSource TM premium grades for applications demanding UL-HB recognition, higher impact, higher flow or colors March 2012 16
International and industry experienced Management Team g Nigel Hunton CEO 30 years senior management experience as Chairman and CEO of Edwards, a $ 1 billion global business Dr. Michael Biddle Founder and President 30 years plastics experience with MBA Polymers, Dow Chemical, General Electric and Cummins Engine Chris Bradley CFO 20 years international experience in high technology companies, CFO at Edwards, Madge Networks and Nortel Horst W. Klink VP of Sales and Marketing 20 years senior management and sales positions for Bayer, Lanxess and Ineos in Germany, India, Brazil and the U.S. Jim Zechinati Engineering i Director 40 years plastics processing and management t experience Dr. Brian Riise R&D Director 15 years experience in durable goods plastics recycling March 2012 17
Highlights Globally leading clean-tech business An ethical, community-minded organization striving for excellence in Health, Safety & Environment through people and work practices Large sustainable sources of feed with technology to convert it to high quality post-consumer plastics for multiple demanding applications Portfolio of Intellectual Property Blue chip customer base and growing pipeline of opportunities Experienced Management Team Strong strategic relationships with JV partners Well positioned to scale the business through its long-term strategy Electronic & automotive shredder residue capabilities and global infrastructure Initial investment of $75m in state-of-the-art manufacturing facilities March 2012 18
How can we help build your more sustainable business? www.mbapolymers.com http://www.ted.com/talks/mike_biddle.htmlted html Company contact: MBA Polymers, Inc. Phone: +1 510 231 9031 info@mbapolymers.com Public Relations: Maitland, Mr. James Devas Phone: +44 20 7379 5151 jdevas@maitland.co.uk March 2012 19
Confidentiality Statement This presentation has been prepared exclusively for the benefit and use of MBA Polymers and does not carry any right of publication or disclosure, in whole or in part, to any other party. This presentation is the property of MBA Polymers. Neither this presentation nor any of its contents may be used for any purpose without the prior written consent of MBA Polymers. This presentation includes certain statements, estimates, targets and projections as to anticipated future business performance. Such may reflect significant assumptions and subjective judgments by MBA Polymers which may or may not prove to be correct. MBA Polymers makes no representations as to the accuracy, completeness or fairness of this presentation and so far as is permitted by law, no responsibility or liability whatsoever is accepted by MBA Polymers for the accuracy or sufficiency thereof or for any errors, omissions, or misstatements relating thereto. March 2012 20