Silex Systems Limited · ASX:SLX
Silex Systems — Non-Deal Roadshow (October 2013)
28 slides from Silex Systems's roadshow presentation, Oct 25, 2013
Slide 1: Silex Systems' Asian Roadshow 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 For personal use only Sydney NSW 2001 Tel: + 61 2 9704 8888 Fax: +61 2 9279 1051 www.silex.com.au Silex Systems’ Asian Roadshow Presentation 25th October, 2013 Dr Michael Goldsworthy,
Slide 2: About Silex
For personal use only About Silex Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) is a world leader in research, development and commercialisation of leading edge technologies in key strategic markets, including nuclear power, solar power, semiconductor materials and instrumentation. Silex is a memb
Slide 3: Asian Roadshow & ASX Spotlight Series
For personal use only Silex Systems Limited Asian Roadshow & ASX Spotlight Series Dr Michael Goldsworthy, CEO / Managing Director October 2013 © Silex Systems Limited 2013
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 technologies © Silex Systems Limited 2013
Slide 7: Silex Investment Case
P5 Silex 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 (25%) a
Slide 8: Portfolio of Innovative Technologies
P6 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 tech
Slide 9: Why Focus on Disruptive Energy Technologies?
P7 Why Focus on Disruptive Energy Technologies? For personal use only • Energy is core to the modern industrial economy and vital to economic growth. • The global energy industry is undergoing disruptive change, driven by two key convergent factors: 1) The transition to clean energy dictated by clim
Slide 10: SILEX Laser Uranium Enrichment Technology
For personal use only Section 2 SILEX Laser Uranium Enrichment Technology © Silex Systems Limited 2013
Slide 11: Highlights: SILEX Laser Enrichment
P9 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 complete
Slide 12: Advantages of the SILEX Technology
P10 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 • Potentially lowest capital costs of
Slide 13: Commercialisation and License Agreement
P11 Commercialisation and License Agreement For personal use only Exclusive Agreement with GLE • Exclusive worldwide commercialisation and license agreement for the SILEX Technology • Phase I milestone completed in May 2013 – triggered 51% 25% 24% US$15 million payment • Next milestone payment trigg
Slide 14: SILEX Technology Royalty Business Model
P12 SILEX Technology Royalty Business Model For personal use only Our business model for uranium enrichment: High value Gen III technology Long term growth Zero cost to Silex perpetual royalty advantage story • No further • Contracted • The only 3rd • Nuclear power development range of generation ca
Slide 15: GLE's Phased Approach to Commercialisation
P13 GLE’s Phased Approach to Commercialisation For personal use only Phase Objectives Status Test Loop technology demonstration and NRC commercial plant license Phase I: approval Completed Economic and engineering validation for the initial commercial production Commenced in Phase II: module 2012 Ph
Slide 16: Uranium Enrichment Market Outlook
P14 Uranium Enrichment Market Outlook For personal use only Long Term Market Outlook ‘Bullish’ • Short term market (next 2 to 3 years) likely to remain depressed due to impact of Fukushima event (Uranium and enrichment market prices down ~40%) • Medium term – potential increase in demand for uranium
Slide 17: 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 2013
Slide 18: Highlights: Solar Systems CPV Dish Technology
P16 Highlights 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) opened in Mildura, Australia (July 2013) Utility Scale Project Planning and preparatory activities underw
Slide 19: Solar Systems Stage Gated Business Development Strategy
P17 Solar Systems Stage Gated Business Development Strategy For personal use only • Technology feasibility established during Phase 1: 2010 – 2013 • Economic feasibility underway (includes Mildura 100MW Project) Phase 2: 2014 – 2016 Phase 1: Technology Feasibility + Demonstration Plants Phase 2: Eco
Slide 20: Advantages of Our Solar Technology
P18 Advantages of Our Solar Technology For personal use only • The unique ‘Dense Array’ Dish Concentrator combines the world’s most efficient solar cells with low cost balance of system. • Parabolic dishes accurately track the sun to capture sunlight and focus onto the ‘Dense Array’ convertor produc
Slide 21: Current Development Pipeline
P19 Current Development Pipeline For personal use only Project Location Capacity Dishes Planning Construction Mildura (Stage 2) Victoria, Australia 100 MW ~ 2,000 Underway Planned for late 2014* QLD Queensland, Australia 10 to 50 MW Up to 1,250 Pre-feasibility TBA Nofa Tibrak, Saudi Arabia 1 MW 28 C
Slide 22: Mildura Stage 2 - 100MW Solar Power Station
P20 Mildura Stage 2 – 100MW Solar Power Station For personal use only Planning and Preparation Activities • Final design for Stage 2 - CPV power station • Preliminary discussions (financing, construction, grid connection, transmission and PPA) • Commencement of construction expected in late 2014 sub
Slide 23: Saudi Arabia - a Key Market for Solar Systems CPV
P21 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$90 billion) • Ideal regi
Slide 24: Silex Systems Overview
For personal use only Section 4 Silex Systems Overview © Silex Systems Limited 2013
Slide 25: Silex Overview
P23 Silex Overview For personal use only Market Data Top Shareholders* Market Cap* ~ $420 M Jardvan P/L (Private) 17.5% Shares on issue 170.25 M M&G Investment 10.0% Listed on ASX with ASX: SLX BNY Mellon 9.2% ticker code: Related Parties 7.4% Listed on OTCQX OTCQX: SILXY with ticker code: * Current
Slide 26: Potential Value Drivers for Silex
P24 Potential Value Drivers for Silex For personal use only Timing Drivers Short Term Potential Paducah Opportunity – SILEX laser enrichment technology Solar Systems Mildura 100MW solar power station plans Translucent commercialisation milestones and partnering ChronoLogic partnering and/or
Slide 27: Silex Investment Case
P25 Silex 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 (25%)
Slide 28: Thank you
For personal use only Thank you © Silex Systems Limited 2013