Slide 1: BLG: Scaling Lasers Orders, Capability to Take Share
BLG:SCALING LASERS ORDERS, CAPABILITY TO TAKE SHARE BLUGLASS INVESTOR PRESENTATION, MARCH 2023 BluGlass Limited (ASX:BLG), March 2023
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT This document has been prepared by BluGlass Limited to provide readers with an update of the Company and the Company’s technology. Any statements, opinions, technical data and information, or other material contained in this document, do not constitute commitments, represen
Slide 3: Executive Summary
EXECUTIVE SUMMARY BluGlass is a leading supplier of gallium nitride (GaN) lasers to the global photonics industry. GaN laser diodes are essential semiconductor Leading GaN laser devices used in a wide range of industries and applications, including advanced manufacturing, automotive, bio-medical dev
Slide 4: BluGlass Overview
BLUGLASS OVERVIEW BLUGLASS INVESTOR PRESENTATION, MARCH 2023
Slide 5: Who We Are: Leading GaN Laser Supplier
WHO WE ARE: LEADING GaN LASER SUPPLIER BluGlass is one of only a handful of global GaN laser suppliers, with rapidly growing demand and high-barriers to entry BluGlass offers GaN lasers to the growing industrial, quantum, biotech, defence, scientific and display markets 5 BLUGLASS INVESTOR PRESENTAT
Slide 6: Who We Are: Leading GaN Laser Supplier - Global Operations
WHO WE ARE: LEADING GaN LASER SUPPLIER GLOBAL OPERATIONS BluGlass has recently Leveraging more than a • Sydney, NSW, Australia launched its first suite of decade of GaN photonics • Silicon Valley, California, USA commercial lasers and innovation • Nashua, New Hampshire, USA secured customer orders W
Slide 7: BluGlass Target Markets: Key Customers by Segment
BLUGLASS TARGET MARKETS: Key Customers byINDUSTRIAL segment QUANTUM & SCIENTIFIC KEY INDUSTRY DISPLAY (AR/VR) PLAYERS BY SEGMENT • IPG Photonics • TeraDiode (Panasonic) • nLight (OPI) • NUBURU BIOTECH • LaserLine • Convergent Photonics -3D Systems • FormLabs • EOS DEFENCE 7 BLUGLASS INVESTOR PRESENT
Slide 8: BluGlass' Form Factor Offerings
WHAT WE DO: OFFERING THE WORLD’S EASIEST TO USE GaN LASER LIGHT BluGlass’ vertically integrated laser offering has been designed to Flexible form factors will revolutionise how meet the market and solve our customers biggest challenges our customer use GaN laser light Single emitters BluGlass’ Form
Slide 9: Highly Constrained Market: In Need of New Suppliers
HIGHLY CONSTRAINED MARKET: IN NEED OF NEW SUPPLIERS The GaN laser diode industry is an emerging market growing rapidly. Challenged by constrained supply Only a handful of global GaN laser suppliers in an emerging Customers require market with combined GaN laser systems revenue in excess of $1B and s
Slide 10: BluGlass' Competitive Position: Solving Customer Challenges
BLUGLASS’ COMPETITIVE POSITION: SOLVING CUSTOMER CHALLENGES Manufacturing flexibility BluGlass’ laser offering addresses underserved markets, wavelengths and delivered in flexible form factors. Dedicated GaN laser supplier A dedicated GaN laser supplier targeting the industrial, scientific, biotech,
Slide 11: Strengthened Leadership Team: Deep Laser Industry Expertise
STRENGTHENED LEADERSHIP TEAM: DEEP LASER INDUSTRY EXPERTISE BOARD OF DIRECTORS MANAGEMENT TEAM James Walker Jim Haden Dr Ian Mann NON-EXECUTIVE CHAIR CEO Veteran laser expert with 30 years’ COO & CTO Experienced technology experience; demonstrated Product development and technology commercialisation
Slide 12: Market Overview
MARKET OVERVIEW BLUGLASS INVESTOR PRESENTATION, MARCH 2023
Slide 13: Laser Revenue Growth Forecast
LASER REVENUE GROWTH FORECAST Laser revenue has almost tripled in past decade Driven by the adoption of high-tech applications globally such as smart phones and TV’s, 3D printing, electric vehicle and renewable energy storage, as well as significant growth across the industrial materials processing
Slide 14: Global Megatrends Driving Advanced Laser Applications
GLOBAL MEGATRENDS DRIVING ADVANCED LASER APPLICATIONS ▪ Advanced manufacturing & 3D printing ▪ Materials processing Industry ▪ Electric vehicles ▪ Autonomous vehicles 4.0 ▪ Quantum sensing Electrification ▪ Quantum computing ▪ Drones & Quantum ▪ Magnetic sensing ▪ Computing & semiconductors Digitali
Slide 15: GaN Laser Market Verticals (2025)
GaN LASER MARKET VERTICALS (2025) Industrial Scientific Biotech/Life Display Defense - R&D Markets Markets Science Markets Markets (AR/VR) Markets (405nm, 450nm, (405nm, 420nm, (405nm, 420nm, (450nm, 525nm) (405nm, 420, 450nm, 525nm) 450nm, 490, 525nm) 450nm, 490, 525nm) 488nm, 525nm) US $400M US $1
Slide 16: Market Drivers - The Advantages of GaN Laser Diodes
MARKET DRIVERS - THE ADVANTAGES OF GaN LASER DIODES Visible GaN laser diodes have many advantages over traditional infrared lasers Visible light has higher absorption in key industrial Key Metals Improvement of energy metals absorption in metals Gold 66x Cleaner, faster materials processing Silver 1
Slide 17: BluGlass Technology & Manufacturing Capability
BLUGLASS TECHNOLOGY & MANUFACTURING CAPABILITY BLUGLASS INVESTOR PRESENTATION, MARCH 2023
Slide 18: BluGlass' Full Suite GaN Laser Capability
BLUGLASS’ FULL SUITE GaN LASER CAPABILITY SILVERWATER CAPABILITY FREMONT CAPABILITY DESIGN/MODEL EPITAXIAL WAFER WAFER WAFER GROWTH FABRICATION FABRICATION SUBSTRATE STEP 2 THINNED SUBSTRATE N-CONTACT CLEAVE METALISATION NASHUA CAPABILITY + HR COATING *BluGlass + Contract Manufacturer AR COATING LAS
Slide 19: BluGlass Laser Portfolio – Six Products in Market
BLUGLASS LASER PORTFOLIO – SIX PRODUCTS IN MARKET Next-gen (Premium value/margin) Available for Purchase Higher-Value Products In Development Products in Development MM – 1W MM – 3W (P) 405nm MM: Multi Mode SM – 250mW SM – 300mW-400mW SM – 500mW Violet SM: Single Mode MM – 1W MM – 3W (P) 420nm SM –
Slide 20: BluGlass' Proprietary RPCVD Technology
BLUGLASS’ PROPRIETARY RPCVD TECHNOLOGY Remote Plamsa Chemical Vapour Deposition (RPCVD) offers many potential benefits in the manufacturer of GaN laser diodes BENEFITS OF RPCVD Low-temperature, low hydrogen manufacturing processes, several hundred degrees cooler than the industry standard MOCVD Thes
Slide 21: Outlook & Catalysts
OUTLOOK & CATALYSTS BLUGLASS INVESTOR PRESENTATION, MARCH 2023
Slide 22: Significant Progress in Last 12 Months
SIGNIFICANT PROGRESS IN LAST 12 MONTHS BluGlass is executing on its technical and commercialisation roadmaps Strengthened Vertically Performance Fremont Lasers Launched First Customer Expert Team Integrating Improvements Meet CM Product Suite Orders Benchmarks JAN 2023 JAN 2023 FEB 2023 Vertical int
Slide 23: Vertically Integrating in Own Silicon Valley Fab
VERTICALLY INTEGRATING IN OWN SILICON VALLEY FAB BLUGLASS CAPTIVE FAB WILL HALVE WAFER Increased revenue capacity PRODUCTION COSTS & faster profitability Increased manufacturing capability is enabling BluGlass to realise competitive advantages. Own fab reduces production costs, increases profit marg
Slide 24: Bringing Fremont Online - More Speed, Better Capability
BRINGING FREMONT ONLINE - MORE SPEED, BETTER CAPABILITY • Cohabitation (with fab sellers) • Employee onboarding April 2022 Acquires SV LD Fab • • Commence approval process Plant clean-up • Hired expert leadership team • Established process capabilities • Brought key equipment online May 2022 - June
Slide 25: Looking Ahead: Upcoming Catalysts & Milestones
LOOKING AHEAD BLG Launches Laser Product Suite in January BLG Secures first customer orders in February Receipt of additional customer orders UPCOMING CATALYSTS Complete wafer fab vertical integration & exit downstream CMs & MILESTONES Launch brighter + higher-power lasers in core wavelengths (405nm
Slide 26: BluGlass Laser Diode Economic Scenario 2024 – 2028
BLUGLASS LASER DIODE ECONOMIC SCENARIO 2024 – 2028 BluGlass’ Economic Scenario shows a potential economic 60 outcome based on the attainment of certain milestones and market penetration. Other (R&D/Military) Laser Diode Revenue Scenarios ($US millions) For BluGlass to succeed in coming years, we wil
Slide 27: The Year Ahead
THE YEAR AHEAD Vertically Expand Grow Order Drive Integrate Markets Book Revenues On track to complete vertical BluGlass is expanding its GaN Increase BluGlass’ customer base Establish BluGlass as the partner- integration of BluGlass’ owned laser offering to address new and grow order volumes. of-ch
Slide 28: Capital Raise
CAPITAL RAISE BLUGLASS INVESTOR PRESENTATION, MARCH 2023
Slide 29: Timetable: Entitlement Offer Timetable
TIMETABLE: Entitlement Offer Timetable Key Dates Trading Halt Lifted and Placement and Entitlement Offer Announced Monday, 13 March 2023 Record Date for Entitlement Offer Thursday, 16 March 2023 Settlement of Placement Shares; Entitlement Offer Opens Monday, 20 March 2023 Allotment of Placement Shar
Slide 30: Key Risks
KEY RISKS Risk Risk Description BluGlass' ability to effectively execute its business strategy depends upon the performance and expertise of its key management personnel. Any loss of key Loss of key management management personnel, any delay in the replacement of any key management personnel, or any
Slide 31: Thank-You & Questions
Investor Relations: Stefanie Winwood P: +61 2 9334 2300 E: investors@bluglass.com.au THANK-YOU & QUESTIONS BLUGLASS INVESTOR PRESENTATION, MARCH 2023