Calix Ltd. · ASX:CXL
Calix — Bell Potter Environmental Conference 2022
28 slides from Calix's conference presentation, Nov 14, 2022
Slide 1: Calix Investor Presentation – November 2022
ASX Announcement 14 November 2022 For personal use only Calix Investor Presentation – November 2022 Sydney, Australia | 14 November 2022 – Australian environmental technology company, Calix Limited (ASX: CXL) (“Calix” or “the Company”) is pleased to provide a presentation to investors, including rec
Slide 2: About Calix
About Calix Calix is a team of dedicated people who are urgently developing great businesses, leveraging our patented technology, that deliver positive global impact. For personal use only The core technology is being used to develop more environmentally‐friendly solutions for water treatment, CO2 m
Slide 3: Calix Limited Investor Presentation
For personal use only Calix Limited Investor Presentation 14 November 2022 1
Slide 4: Important Disclaimer
Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). For personal use only SUMMARY INFORMATION This presentation contains summary information about the Company and its subsidiaries (“Calix”) and their activities current as at 14 November, 2022.
Slide 5: Calix at a glance
Calix at a glance For personal use only 85 Employees At 30 June 2022 Electrifying industrial processing 334KW solar installation Cement & lime Green iron decarbonisation & steel Industrial 8% of global emissions 7% of global emissions decarbonisation 3
Slide 6: Mars is for Quitters
For personal use only We believe our responsibility starts at home. That’s why we’re driven to use our unique technology to repair and prevent future harm to it. MARS IS FOR QUITTERS. Because there’s only one Earth, and it’s already ours. 4
Slide 7: Calix's core technology platform
Calix’s core technology platform Industrial decarbonisation and environmental For personal use only solutions CO2 capture Capture of high purity CO2 when processing A new way to “heat stuff up” limestone 28 patent families covering core technology and applications >A$120m has been invested to date i
Slide 8: Industrial decarbonisation: net-zero commitments
Industrial decarbonisation Calix’s mission is being propelled by net-zero For personal use only commitments Government Investor Net zero policy activity spending ~90% US$42tn US$275tn of global GDP now assets of signatories Estimated spend under net zero to the ‘2022 Global required by 2050 to commi
Slide 9: Industrial decarbonisation: hard-to-abate industries
Industrial decarbonisation Indispensable, carbon-intensive and hard-to-abate. For personal use only Cement & lime Market drivers • Over 4 billion tonnes global annual production.4 ~8% • Unavoidable emissions released directly from limestone. Carbon pricing of global • ~1.4 billion tonnes of process
Slide 10: Our industrial decarbonisation solutions
Our industrial decarbonisation solutions For personal use only Calix’s unique calcination technology separates the heat source from the chemical reaction, providing three pathways to industrial decarbonisation: 1. Enabling the electrification of industry Energy agnostic and electrification ready, pr
Slide 11: Solving global challenges
Solving global challenges For personal use only One core technology platform Five lines of business Multiple environmental business opportunities 9
Slide 12: Multiple environmental business opportunities
Multiple environmental business opportunities JV, licensing and spin-out strategies: value creation and fast-tracked commercialisation For personal use only Advanced Sustainable CO2 Water Biotech Leilac Batteries Processing Mitigation Water treatment Crop protection Advanced Renewable-powered Cement
Slide 13: Leilac: Scaling Up Calix's Leilac Technology
Leilac: Scaling Up Calix’s Leilac Technology Leilac-1, Belgium 2019 Leilac-2, Hanover Leilac-3 25,000 tonnes / year CO2 100,000 tonnes / year CO2 500,000 tonnes / year CO2 For personal use only Built Passed FID Multiple In Planning 20% 100% slipstream replace 4x 20 partners, including: BUT...we need
Slide 14: FY23 – material updates: Heidelberg Materials licence
FY23 – material updates For personal use only Heidelberg Materials global licence executed • The licence agreement applies to any Heidelberg Materials facility where the Leilac technology is installed. – Heidelberg Materials operates 149 cement plants across five continents. • The technology licence
Slide 15: A growing pipeline of projects
A growing pipeline of projects For personal use only Detailed Project Pre-FEED / FID + Initial scoping scoping / FEED Operational Total discussions BOD construction MOU Aug 2021 21 7 4 1 1 34 Aug 2022 25 13 9 5 1 1 54 Nov 2022 33 15 9 6 1 1 1 67 Leilac-2 Leilac-1 • Pipeline growth: there are now 67
Slide 16: FY23 – material updates: Pilbara Minerals JV
FY23 – material updates For personal use only Pilbara Minerals JV and development of lithium salt project • Full Documentation is in final form for JV agreement with Pilbara Minerals (ASX:PLS) for mid-stream lithium refining project. • The JV is supported by A$20m in Australian Government funding an
Slide 17: FY23 – material updates: ZESTY
FY23 – material updates Zero Emissions Steel TechnologY (ZESTY) For personal use only Calix awarded ARENA funding for ZESTY development • A$947,035 grant from Australian Renewable Energy Agency (ARENA) will help to fund an eleven-month BOD and FEED study for a 30,000 tonne per annum, zero CO2 emissi
Slide 18: FY23 Material Updates: Equity raise
FY23 Material Updates Equity raise: A$60m institutional placement and A$20m For personal use only share purchase plan (SPP) to accelerate technology commercialisation Application A$m 1. Accelerate commercialisation of Leilac's cement and lime 38.0 decarbonisation technology. 2. Construct a lithium s
Slide 19: Sustainability
Sustainability For personal use only Calix’s sustainability commitments To improve environmental, social and governance practices, Calix has: • Reaffirmed its commitment to the UNGC; • Committed to measuring, monitoring and reducing its carbon footprint; • Installed solar panels at Bacchus Marsh to
Slide 20: Calix's FY23 priorities
⬤ Successfully completed Calix’s FY23 priorities… ⬤ On track Continued acceleration – especially decarbonisation projects… ⬤ Watch point For personal use only Advanced Sustainable Water Biotech Batteries Processing Crop protection Water treatment Advanced cathode & Renewable-powered mineral CO2 miti
Slide 21: Thank you
For personal use only Thank you 19
Slide 22: Board of Directors, Equity Structure, Glossary
For personal use only Board of Directors, Equity Structure Glossary 20
Slide 23: Board of Directors
Board of Directors For personal use only Peter Helen Fisher Jack Phil Dr Mark Turnbull, AM Non-Executive Hamilton Hodgson Sceats Non-Executive Director Non-Executive Managing Executive Chair Director Director & Chief Director And Executive Officer Chief Scientist Experienced Chair and Non- CEO and M
Slide 24: Listed on the ASX in July, 2018
Listed on the ASX in July, 2018 ASX:CXL Share Price Performance Since Listing For personal use only As at 11 Nov 2022 Shares on issue ~161.6m Share price on IPO $0.62 per share Current Share price $4.81 per share Market capitalisation ~$842m Further Equity Detail As at 11 Nov 2022 Major shareholders
Slide 25: Glossary
Glossary Term Meaning For personal use only Aluminium (Al) Chemical element with the symbol Al Anode The negative electrode of a battery APVMA Australian Pesticides and Veterinary Medicines Authority BATMn Calix’s core kiln technology – electrified – for battery and catalyst materials production C,
Slide 26: Glossary
Glossary For personal use only Term Meaning Iron The chemical element, represent by “Fe” on the periodic table Iron Ore Iron oxide mixed with various other minerals, as mined and “pre-processed” (purified) as best as possible LFP Lithium Iron Phosphate – a battery cathode material LMO Lithium Mangan
Slide 27: Glossary
Glossary For personal use only Term Meaning Nickel (Ni) Chemical element with the symbol Ni NCA A battery cathode material made from nickel, aluminium and cobalt NCM, or NMC A battery cathode material made from nickel, manganese and cobalt Pelletisation The formation of pellets from finer materials
Slide 28: For personal use only
For personal use only Phil Hodgson Darren Charles Managing Director & CEO CFO & Company Secretary phodgson@calix.global dcharles@calix.global +61 2 8199 7400 +61 2 8199 7400 Investor relations Media enquiries Investorrelations@calix.global media@calix.global Follow us on Twitter @Calixlimited www.ca