M8 Sustainable : Presentation - November 2021

onlyuse PRESENTATION

ersonalNovember 2021

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Disclaimer

The material in this presentation has been prepared by M8 Sustainable Limited ACN 620 758 358 ("Company").

This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Any offering of any of the Company's securities to Australian persons will be subject to Australian securities laws. The distribution of this document in jurisdictions outside of Australia may be restricted by law, and persons in to whose possession this document comes should inform themselves about, and observe, all such restrictions.

This presentation is not financial product or investment advice. It does not take into account the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary.

This presentation may contain forward-looking statements that are subject to risk factors associated with a waste management business. Forward looking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions.

This presentation has been prepared by the Company based on information currently available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party.

Further, the financial information in this presentation is based on unaudited financial information which may be subject to change.

The Valuations in this presentation are not to be relied upon by any third party except the instructing party.

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Setting the Scene

• M8 Sustainable Limited (M8S or the Company) listed on the ASX in December 2019 seeking to establish a tier- one, full-service, Western Australian waste management operation
• M8S is able to draw on existing loan facilities provided by its main shareholder M8 Holding Ltd (formerly SBANG Sustainable Energies Ltd) for:
• • Working capital
  • Completion of Gingin landfill facility
• M8S is currently in the process of securing a medium/long term debt facility for the purposes of:
• • Repayment of loan facility from Remagen
  • Enable business to build out
  • Potential expansion of metals recycling activities
• At the end of Q1'21 M8S had $2.3m cash at bank plus $1.5m of receivables with financial debt of $11.4m (14% interest rate) - Gingin is included as security
• The Company's focus is on the completion of Gingin, Access Waste platform next steps including generating waste volumes for Gingin, continued implementation of strategies aimed at diversifying revenue streams and margin improvement at Maddington, and delivering sustainable positive cash flows

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At a Glance

Quarterly Operational Performance (Maddington)	Q1FY'21	Q2FY'21	Q3FY'21	Q4FY'21	Q1FY'22
Revenue ($'000)	978	1,473	2,564	3,578	4,412
EBITDA (before corporate cost allocations; $'000)	(199)	(141)	208	810*	297**

• *Includes $845k of R&D Receipt
• ** Does not includes a provision for options issued to the lead manager of the Rights Issue

						Net Cash used in operating activities AUD'000
	Total Revenue AUD'000
10000						FY20	FY21
8000					1000
6000
				2000
4000					3000
2000					4000
				5000
-
FY20	FY21		6000

M8 SUSTAINABLE | PRESENTATION

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Corporate Summary

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Corporate Structure

Shares on Issue

Share Price (last price 23 November 2021)

Market Capitalisation (last sale 23 November 2021) Cash at Bank (30 September 2021)

Financial Debt (30 September 2021)

Substantial Shareholders

M8 Holdings Limited (formerly SBANG)

Star Universal Network pcl

HSBC Custody Nominees Limited

Top 20 (as at 22 November 2021)

Number of Shareholders (as at 22 November 2021)

M8 SUSTAINABLE | PRESENTATION

470,459,670

$0.022 $10.35m $2.3m

$11.4m

35.7%

5.1%

3.1%

65.7%

778

	Board & Management
Mark Puzey	Non-Executive Chairman
Tom Rudas	Managing Director
Saithsiri Saksitthisereekul	Non-Executive Director
Jonathan Fisher	Non-Executive Director
Vijay Joshi	Chief Financial Officer
John Colli	Company Secretary

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