Calix Ltd. · ASX:CXL

Calix — Investor Presentation (February 2022)

35 slides from Calix's investor presentation, Feb 23, 2022

  1. Slide 1: Calix Limited Half-Year FY22 Update

    CALIX LIMITED Half-Year FY22 Update February 23rd, 2022 Solving global challenges 1

  2. Slide 2: Important Disclaimer

    Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). INVESTMENT RISK An investment in Calix securities is subject to investment and other known and unknown risks, some of which are beyond the control of Calix, SUMMARY INFORMATION including possi

  3. Slide 3: Mars is for quitters

    Mars is for quitters We believe our responsibility starts at home. That’s why we’re driven to use our unique technology to repair, preserve and prevent future harm to it. Because there’s only one Earth, and it’s already ours. 3

  4. Slide 4: Calix Limited is developing multiple environmental business opportunities

    Calix Limited is developing multiple environmental business opportunities CO2 Advanced Sustainable Water Biotech Mitigation Batteries Processing Water Treatment Cement Crop Protection Advanced Renewable-powered Cathode & Anode Mineral and Chemical Aquaculture Lime Marine Coatings Materials Processin

  5. Slide 5: Our core technology platform

    Our core technology platform A patented platform technology with 3 key features CO2 capture When processing limestone, gas exhaust A new way to “heat stuff up” is high purity CO2 26 patent families covering core technology and applications Renewable >A$100m has been energy-ready invested to date in

  6. Slide 6: Key Highlights – H1 FY22

    Key Highlights – H1 FY22 Calix awarded 29 Calix and 5 Carbon Direct 15 Calix CO2 10 $1m to help fund June RHIMagnesita July invests €15m for Sept business: CEO Nov new biotech sign MOU for 7% stake in LEILAC appointment facilities CO2 reduction Technology. Calix project Limited retains 30% royalty s

  7. Slide 7: Our FY22 priorities and progress in 6 months

    Our FY22 priorities…and progress in 6 months ACHIEVED SO FAR CO2 Advanced Water Biotech Sustainable Processing Mitigation Batteries Revenue and Gross Margin Cement and Lime Crop Protection Successful full (coin) Refractories growth via… • Successful test campaign • 2nd license agreement cell results

  8. Slide 8: Half Year FY22 Financials

    Half Year FY22 Financials 8

  9. Slide 9: Summary of Results H1 FY22

    Summary of Results H1 FY22 TRANSITIONING REVENUE PROFILE, STRONG BALANCE SHEET Revenue & Other Income Key Take-aways… 18 R&D tax incentive is likely to be received as a carry forward tax offset rather than cash refund (accounted as income), as total 16 aggregated turnover is likely to exceed $20m th

  10. Slide 10: Summary of Results HY22 – Profit & Loss Highlights

    Summary of Results HY22 – Profit & Loss Highlights INVESTING HEAVILY IN CAPABILITY TO CAPITALISE ON TECHNOLOGY COMMERCIALISATION HY22 HY21 Comments ($m’s) ($m’s) Sales revenue 9.8 9.2 Grant income recognised 0.7 4.5 Leilac 1 to Leilac 2 transition R&D tax incentive - 2.6 Tax rebate to tax incentive

  11. Slide 11: Summary of Results HY22 – Balance Sheet highlights

    Summary of Results HY22 – Balance Sheet highlights BALANCE SHEET STRENGTHENED THROUGH STRATEGIC SELL DOWN IN ONE OF OUR LINES OF BUSINESS 31 Dec 21 30 June 20 ($m’s) ($m’s) Total Assets 66.2 51.6 Sale of minor stake [~7%] in our LEILAC Group demonstrated underlying value in the assets and Total Liab

  12. Slide 12: Summary of Results HY22 – Cash Flow Statement highlights

    Summary of Results HY22 – Cash Flow Statement highlights INVESTING IN COMMERCIALISATION – AND MORE OPTIONS OPENED UP FOR FUNDING OUR LINES OF BUSINESS HY22 HY21 ($m’s) ($m’s) Operating Cashflows (8.0) (3.6) Operating cashflows impacted by timing on Receipts from govt bodies 0.5 6.2 receipt of R&D ca

  13. Slide 13: Decarbonisation – CO2 and Sustainable Processing

    Decarbonisation – CO2 and Sustainable Processing 13

  14. Slide 14: ESG Interest is growing

    “Environment / Social / Governance” (ESG) Interest is growing GLOBAL ECONOMIES, COMPANIES AND INVESTMENT FUNDS ARE ALL HEADING IN ONE DIRECTION 66% of global GDP* Companies committed ESG Exchange Traded Funds From USD1.3 to USD4 trillion per and carbon emissions currently to net-zero emissions doubl

  15. Slide 15: Our business opportunities and ESG tailwinds

    Our business opportunities and ESG tailwinds Multiple “shots on goal” ESG opportunity using the one patented core platform technology CO2 Advanced Water Biotech Sustainable Processing Mitigation Batteries • LEILAC technology for cement • Safe, environmentally friendly • Targeting safe, • Safe, envir

  16. Slide 16: Our CO2 business: pilot-proven and funded to demonstration scale

    Our CO2 business: pilot-proven and funded to demonstration scale POTENTIAL LOWEST COST CEMENT AND LIME CO2 SOLUTION LEILAC-1 Output Report Released – Roadmap “2050” - Confirms LEILAC has potential to be lowest cost CO2 capture technology for lime and cement Key Updates - Watch point – COVID impacts

  17. Slide 17: Sustainable Processing

    Sustainable Processing CALIX TECHNOLOGY … EVERYWHERE! - SALTX REFRACTORY SPODUMENE LC3 ALUMINA IRON AND STEEL Mineral looping energy CO2 reduction into Revolutionary at-mine low Next Generation Electrifying Aluminium New patent filed for storage existing magnesia production CO2 footprint Li salt man

  18. Slide 18: Water

    Water 18

  19. Slide 19: Our Water business – Magnesium Hydroxide Liquid (US)

    Our Water business – Magnesium Hydroxide Liquid “MHL” – a safe alkali chemical OUR REVENUE ENGINE…TARGETING MULTI-US100M REVENUE MARKETS… H1 Updates: US Corporate Office: • Revenues – US$5.098 H1 FY22 vs 5.465 H1 FY21 • Spokane, WA down 7 % on prior period - Key issues COVID Operations: Sales/Techni

  20. Slide 20: Our Water business – Magnesium Hydroxide Liquid (ANZ, SEA, EU)

    Our Water business – Magnesium Hydroxide Liquid “MHL” – a safe alkali chemical OUR REVENUE ENGINE…TARGETING MULTI-US100M REVENUE MARKETS… Operations H1 Updates: Locations • AUS/NZ - ANZ $2.177m vs $2.043m up 7 % on prior period: Gross Margin steady ~ 24% AUSTRALIA NEW ZEALAND CHINA • SEA – Market en

  21. Slide 21: Biotech

    Biotech 21

  22. Slide 22: Our biotech business – nano/bio-active magnesium oxide

    Our biotech business…very high surface area magnesium oxide - “nano/bio-active” Latest Updates CROP PROTECTION Commercialisation: progress Market Value Drivers • Australia: label registration; FY22 – in final stage of assessment as a crop protection product Proof-Of-Concept • reduced toxic pesticide

  23. Slide 23: Advanced Batteries

    Advanced Batteries 23

  24. Slide 24: Advanced Batteries – novel structured high power electrode materials

    Advanced Batteries – novel structured high power electrode materials LOWER COST, SIMPLE, SAFE CHEMISTRY PROMISING PERFORMANCE NOVEL STRUCTURE SCALE-UP Early test results very promising UNDERWAY Approx. 6x lower energy route than conventional lithium Before Pilot line prototyping of Calix manganese o

  25. Slide 25: Our FY22 priorities…looking forward

    Our FY22 priorities…looking forward, target achieving all our milestones ACHIEVED SO FAR CO2 Advanced Water Biotech Sustainable Processing Mitigation Batteries Revenue and Gross Margin Cement and Lime Crop Protection Successful full (coin) Refractories growth via… • Successful test campaign • 2nd li

  26. Slide 26: Board of Directors and Equity Structure

    Board of Directors and Equity Structure 26

  27. Slide 27: Board of Directors

    Board of Directors 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-Executive CEO and Managing Direc

  28. Slide 28: Listed on the ASX in July, 2018

    Listed on the ASX in July, 2018 ASX:CXL Share Price Performance Since Listing As at 21 February 2022 Shares on issue ~161.3m Share price for IPO Capital Raise $0.53 per share Share price on IPO $0.62 per share Current Share price $5.20 per share S&P Market capitalisation ~$839m ASX200 Major sharehol

  29. Slide 29: Glossary

    Glossary Term Meaning 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, 2C, 4C, D Charge rate,

  30. Slide 30: Glossary

    Glossary 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 Manganese Oxide – a battery

  31. Slide 31: Glossary

    Glossary 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 to aid in handling Pot

  32. Slide 32: Additional Slides

    Additional Slides 32

  33. Slide 33: CO2 Mitigation – Calix's LEILAC Technology

    CO2 Mitigation – Calix’s LEILAC Technology LEILAC-1 Belgium 2019 LEILAC-2 Hanover early 2024 LEILAC-3 25,000 Tonnes / Year CO2 100,000 Tonnes / Year CO2 500,000 Tonnes / Year CO2 Built Funded Multiple In Planning 20% 4x Slipstream 100% Replace 20 partners, including BUT ….. we need to mitigate 2.2 b

  34. Slide 34: Sustainable Processing – Zero Emissions Steel TechnologY (ZESTY)

    Sustainable Processing – Zero Emissions Steel TechnologY (“ZESTY”) New Patent Filed for Zero Emissions Iron and Steel… Key Update Steam Iron Ore Iron and Steel-making is responsible for 7% of global CO2 emissions – just behind cement and lime as the largest industrial emitter. Calix’s “ZESTY” (Zero

  35. Slide 35: Because there's only one Earth… Mars is for quitters

    Because there’s only one Earth… …Mars is for quitters Phil Hodgson Darren Charles Simon Hinsley Managing Director & CEO CFO & Company Secretary Investor Relations phodgson@calix.global dcharles@calix.global simon@nwrcommunications.com.au +61 2 8199 7400 +61 2 8199 7400 +61 401 809 653 Follow us on T

Calix — Investor Presentation (February 2022) on 6ix