Preliminary Q4 2022 Accsys Technologies PLC Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Martijn P. den Drijver - ABN AMRO Bank N.V., Research Division - Analyst : Two questions. With regards to Tricoya Hull, you're in discussions with your consortium partners. Can you share with us your Plan B if they decide not to co-fund the additional CapEx? What are the various options you're looking at? That would be question one. And then my second question would be there have been significant price increases. I was wondering if you could share with us as far as you can what the delta is now relative to substitute products? Has that increased? Has that decreased? And whether there's any risk of demand destruction? Is it possible that customers despite all the positive characteristics may down-trade in a more uncertain environment? I'm just trying to get a grip on that element too.

Question: Christen David Hjorth - Numis Securities Limited, Research Division - Analyst : I've got 2 questions if that's okay. The first one just around liquidity and how you're viewing that in light of the further delays and incremental CapEx although I understand you can't comment on potential funding. But just maybe you could look at it the other way in terms of where your liquidity position is and whether there's potentially any impact on repaying the convertible loan within the 2 years or whether that would still be a priority. The second one is just on lessons for the U.S. Accoya plant and I do know there was differences such as who's carrying out versus how (inaudible) because you already have Arnhem. But what gives you the confidence that you're not going to see similar delays in the U.S. construction and commissioning?

Question: Martijn P. den Drijver - ABN AMRO Bank N.V., Research Division - Analyst : Perhaps you could share your CapEx guidance for 2023 with us and then more particularly the phasing between first half and second half? I imagine that a majority will be first half. But if you could share with us the phasing of that CapEx in 2023, that would be most appreciated. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 30, 2022 / 9:00AM, ACCS.L - Preliminary Q4 2022 Accsys Technologies PLC Earnings Call

Question: Martijn P. den Drijver - ABN AMRO Bank N.V., Research Division - Analyst : Got it. And then just a follow-up and I apologize for not having read the complete press release yet. But on Slide 12, there's the familiar EUR 25 million revolving credit facility. That EUR 5 million for general group liquidity, have you drawn that down or is that still available?

Question: Martijn P. den Drijver - ABN AMRO Bank N.V., Research Division - Analyst : Okay. So when you say earlier this year, you mean early in fiscal year 2023?

Question: Martijn P. den Drijver - ABN AMRO Bank N.V., Research Division - Analyst : And it was undrawn at the end of fiscal year 2022.