Silex Systems Limited · ASX:SLX
Silex Systems — Non-Deal Roadshow (February 2014)
36 slides from Silex Systems's roadshow presentation, Feb 26, 2014
Slide 1: Silex Systems' Roadshow & ASX Spotlight Series Presentation
Silex Systems Limited A.C.N. 003 372 067 Level 8, Suite 8.03 56 Clarence Street Sydney NSW 2000 Australia PO Box 364 Sydney NSW 2001 Tel: + 61 2 9704 8888 For personal use only Fax: +61 2 9279 1051 www.silex.com.au Silex Systems’ Roadshow & ASX Spotlight Series Presentation 26th February, 2014 Dr Mi
Slide 2: Forward Looking Statements and Business Risks
For personal use only ChronoLogic has developed the world’s first high precision timing and control products based on the ultra-low cost USB-inSync™ platform, targeting applications in the electronic instrumentation markets. For more information on Silex Systems Limited, please visit www.silex.com.a
Slide 3: Investor Roadshow & ASX Spotlight Series
For personal use only Silex Systems Limited Investor Roadshow & ASX Spotlight Series Dr Michael Goldsworthy, CEO / Managing Director February/March 2014 © Silex Systems Limited 2014
Slide 4: Forward Looking Statements
P2 Forward Looking Statements For personal use only Silex Systems is a research and development Company whose assets are its proprietary rights in various technologies, including, but not limited to, the SILEX technology, Solar Systems technology and business, Translucent technology and ChronoLogic
Slide 5: Disclaimer
P3 Disclaimer For personal use only Silex Systems Ltd (Silex) has prepared this presentation based on information available to it. The information in this presentation does not purport to be a complete description of Silex and/or its various business activities. Except as required by law, no represe
Slide 6: Focus on Clean Energy
P4 Focus on Clean Energy For personal use only Silex Systems is a global clean energy company, focusing on the development and commercialisation of innovative and potentially disruptive energy efficient technologies © Silex Systems Limited 2014
Slide 7: Silex Overview
P5 Silex Overview For personal use only Market Data Top Shareholders* Market Cap* ~ $370 M* Jardvan P/L (Private) 17.5% Shares on issue 170.37 M M&G Investment 10.0% Listed on ASX with ASX: SLX BNY Mellon (Newton) 9.0% ticker code: Related Parties 7.3% Listed on OTCQX with OTCQX: SILXY * Current as
Slide 8: Access to Silex Systems via U.S. OTCQX Market
P6 Access to Silex Systems via U.S. OTCQX Market For personal use only ADR Benefits to U.S. Investors: Silex Systems Limited ADR trading info: • ADRs give direct access to our listed equity capital base allowing participation in • Symbol SILXY cross-border market liquidity • CUSIP 827046103 • Ratio
Slide 9: Portfolio of Innovative Technologies
P7 Portfolio of Innovative Technologies For personal use only Our foundation technology: • The SILEX laser enrichment technology: potentially a game changing innovation for the global uranium enrichment industry Other technologies in the portfolio: • Solar Systems: unique ‘Dense Array’ solar tec
Slide 10: Why are our technologies important?
P8 Why are our technologies important? For personal use only Addressing key issues for energy security Clean energy + high efficiency through innovation Solar dish technology – world leading efficiency Nuclear power – clean, affordable base load electricity Advanced high efficiency power electro
Slide 11: SILEX Laser Uranium Enrichment Technology
For personal use only Section 2 SILEX Laser Uranium Enrichment Technology © Silex Systems Limited 2014
Slide 12: Commercialisation and License Agreement
P10 Commercialisation and License Agreement For personal use only Perpetual Royalty Agreement with Global Laser Enrichment (GLE) • Exclusive worldwide commercialisation and license agreement for the SILEX Technology – signed in 2006 • GLE funding of commercialisation program and potential 51% 25% 24
Slide 13: Advantages of the SILEX Technology
P11 Advantages of the SILEX Technology For personal use only • Enrichment is the most difficult and costly step in making nuclear fuel for power reactors (~35% to 40% of total cost) • SILEX is a breakthrough in efficiency – most cost effective enrichment method • Anticipated to have the lowest capit
Slide 14: GLE's Phased Approach to Commercialisation
P12 GLE’s Phased Approach to Commercialisation For personal use only Phase Objectives Status Technology validation - Test Loop facility and NRC commercial Phase I: plant license approval Completed Economic and engineering validation for the initial commercial Phase II: production plant Commenced in
Slide 15: Recent Highlights
P13 Recent Highlights For personal use only SILEX Laser Enrichment September 2012: Commercial Plant License US Nuclear Regulatory Commission license approval for first planned commercial plant in Wilmington, North Carolina May 2013: Technology Validation Phase I Test Loop Milestone successfully
Slide 16: Paducah Enrichment Plant Opportunity Update
P14 Paducah Enrichment Plant Opportunity Update For personal use only US DOE selected GLE’s laser enrichment proposal in November 2013 • Closure of existing 1st generation gaseous diffusion plant in May 2013 – led to Department of Energy (DOE) bid process for future operations. • GLE submitted a pro
Slide 17: Nuclear Energy Market Outlook
P15 Nuclear Energy Market Outlook For personal use only Global Nuclear Capacity to Increase • Potential increase in nuclear capacity from 434 plants today to ~ 987 plants over next 2 decades Key Nuclear Markets – power plants Key Statistics Country 2014 2030** 11 percent of global electricity TOTA
Slide 18: Why Nuclear Power is Essential to Sustainable Growth
P16 Why Nuclear Power is Essential to Sustainable Growth For personal use only Equivalent 1GWe Power Generation Plants Nuclear Coal Gas Fuel / yr* ~20 tons ~4,000,000 tons ~1,000,000 tons CO2 Emissions* 0 tons ~6,000,000 tons ~3,000,000 tons Cost* $65 ~ $100 $65 ~ $100 $55 ~ $100 (LCOE) / MWh *Sourc
Slide 19: SILEX Technology Royalty Business Model
P17 SILEX Technology Royalty Business Model For personal use only Our business model for uranium enrichment: Only 3rd Gen Cost free High value Long term growth technology commercialisation perpetual royalty story • The only 3rd • No further • Contracted • Nuclear power generation development range o
Slide 20: Solar Systems: CPV Dish Technology and Utility Scale Projects
For personal use only Section 3 Solar Systems: CPV Dish Technology and Utility Scale Projects © Silex Systems Limited 2014
Slide 21: Key Highlights HY 2014
P19 Key Highlights HY 2014 For personal use only Solar Systems CPV Dish Technology Technology Validation Australia’s first grid-connected Concentrating Photovoltaic (CPV) Dish Solar Power Station (1.5MW, 40 dishes) opened in Mildura, Australia (July 2013) The plant is operating and exporting ele
Slide 22: Key Highlights HY 2014
P20 Key Highlights HY 2014 For personal use only Solar Systems CPV Dish Technology Global Market Opportunities Construction of a 1MW (28 dish) power plant at the Nofa Equestrian Resort near Riyadh, Saudi Arabia, is almost complete and commissioning has commenced Business development activities a
Slide 23: Advantages of Our Solar Technology
P21 Advantages of Our Solar Technology For personal use only • The unique ‘Dense Array’ Dish Concentrator combines the world’s most efficient solar cells (current efficiency >40%, with roadmap to >50%) with low cost balance of system • Parabolic dishes accurately track the sun to capture sunlight an
Slide 24: Solar Systems Stage Gated Business Development Strategy
P22 Solar Systems Stage Gated Business Development Strategy For personal use only • Phase 1: Technology validation completed in 2013 • Phase 2: Economic feasibility underway 2014 – 2016 Phase 1: Technology Validation + Demonstration Plants Phase 2: Economic Feasibility + Initial Scale-Up March 2010
Slide 25: Current Development Pipeline
P23 Current Development Pipeline For personal use only Project Location Capacity Planning Construction Mildura (Stage 2) Victoria, Australia 100 MW Underway TBA QLD Queensland, Australia 10 to 50 MW Pre-feasibility TBA Nofa Tibrak, Saudi Arabia 1 MW Completed Commissioning underway Beaumont Californ
Slide 26: Australian Utility-Scale Power Station Opportunities
P24 Australian Utility–Scale Power Station Opportunities For personal use only Planning and Preparation Activities • Several mid to large scale projects being considered • Preliminary discussions (financing, construction, grid connection, transmission and PPA) • Potential 100MW project at Mildura -
Slide 27: Saudi Arabia – a Key Market for Solar Systems CPV
P25 Saudi Arabia – a Key Market for Solar Systems CPV For personal use only Nofa Resort 1MW Facility – Saudi Arabia • Saudi Arabian government launching a 40GW solar power program worth US$109 billion • Aim to replace domestic oil consumption by 2032 (annual revenue loss ~US$100 billion) • Ideal reg
Slide 28: Translucent Advanced Materials Technology
For personal use only Section 4 Translucent Advanced Materials Technology © Silex Systems Limited 2014
Slide 29: Initial Applications – Epiwafer Products
P27 Initial Applications – Epiwafer Products • Silicon has reached its performance limits and cannot Electric vehicle power For personal use only perform power conversion as efficiently as GaN converters Power Conversion applications • GaN-on-Si is emerging as the future substrate for high efficienc
Slide 30: Key Milestones – Provisional Commercialisation Timeline
P28 Key Milestones – Provisional Commercialisation Timeline* For personal use only • Fabricating device prototypes H1-2014 to leverage customer engagement H2-2014 • Planned first epiwafer product qualification for power electronics and solar H2-2014 1) Power Electronics: Epiwafer scaling to Power el
Slide 31: ChronoLogic Instrumentation Technology
For personal use only Section 5 ChronoLogic Instrumentation Technology © Silex Systems Limited 2014
Slide 32: Highlights and Commercial Strategy
P30 Highlights and Commercial Strategy For personal use only • Productive outcomes from two trade show exhibitions in Shanghai (November) and Santa Clara – California (January) – with growing industry interest • Third generation USB-inSyncTM technology completed and successfully demonstrated to seve
Slide 33: Silex Systems Overview
For personal use only Section 6 Silex Systems Overview © Silex Systems Limited 2014
Slide 34: Potential Milestones and Value Drivers for Silex
P32 Potential Milestones and Value Drivers for Silex For personal use only Timing Drivers Short Term Potential Paducah Opportunity – SILEX laser enrichment technology Solar Systems utility-scale project plans in Australia Translucent commercialisation milestones and partnering activities Chr
Slide 35: Silex Core Investment Case
P33 Silex Core Investment Case For personal use only Primary asset: the ‘SILEX’ uranium enrichment technology - the only third generation laser-based enrichment technology in the world SILEX technology is under licence to Global Laser Enrichment (GLE) - a business venture of GE (51%), Hitachi (2
Slide 36: Thank you
For personal use only Thank you © Silex Systems Limited 2014