Bluglass Ltd · ASX:BLG
Bluglass — Investor Presentation (February 2024)
25 slides from Bluglass's investor presentation, February 2024
Slide 1: BLG: Executing on Growth Strategy
BLG: EXECUTING ON GROWTH STRATEGY BluGlass Limited (ASX:BLG), February 2024 BLUGLASS INVESTOR BLUGLASS PRESENTATION, INVESTOR OCTOBER PRESENTATION, 2023 FEBRUARY 2024
Slide 2: Forward Looking Statement Disclaimer
FORWARD LOOKING STATEMENT DISCLAIMER This document has been prepared by BluGlass Limited to provide readers Not an offer with an update of the Company and the Company’s technology. This presentation may not be released to US wire services or Any statements, opinions, technical data and information,
Slide 3: Executive Summary – Positioned to Take Market Share
EXECUTIVE SUMMARY – POSITIONED TO TAKE MARKET SHARE BluGlass is a leading supplier of gallium nitride (GaN) lasers to the global photonics industry. GaN laser diodes are essential semiconductor devices Leading GaN laser used in a wide range of industries and applications, including advanced manufact
Slide 4: Who We Are: Leading Pure Play GaN Laser Supplier
WHO WE ARE: LEADING PURE PLAY GaN LASER SUPPLIER BluGlass is one of only a handful of global GaN laser suppliers, with rapidly growing demand and high-barriers to entry Visible GaN lasers are an emerging technology that is disrupting advanced industries and enabling new markets due to quantum leap i
Slide 5: Who We Are: Leading Pure Play GaN Laser Supplier
WHO WE ARE: LEADING PURE PLAY GaN LASER SUPPLIER Launched suite of GaN Visible laser diodes Expert laser and manufacturing team Products available in underserved wavelengths and flexible form Highly experienced manufacturing team, led by laser diode factors to address key customer challenges. vetera
Slide 6: Laser Diode Applications – Enabling Next Generation Technologies
LASER DIODE APPLICATIONS – ENABLING NEXT GENERATION TECHNOLOGIES 6 BLUGLASS BLUGLASS INVESTOR BLUGLASSINVESTOR PRESENTATION, PRESENTATION, INVESTOR FEBRUARY OCTOBER PRESENTATION, 2023 2024 FEBRUARY 2024
Slide 7: Global Megatrends Driving Advanced Laser Applications
GLOBAL MEGATRENDS DRIVING ADVANCED LASER APPLICATIONS ▪ Smart manufacturing ▪ Electric vehicles ▪ 3D printing ▪ Materials processing ▪ Autonomous vehicles ▪ Automation ▪ Drones Electrification & Industry 4.0 ▪ Robotics ▪ Computing & semiconductors Digitalization ▪ Machine vision ▪ Energy Storage ▪ A
Slide 8: 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 welding, 3D-printing, and mat
Slide 9: What We Do: Offering the World's Easiest to Use GaN Laser Light
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 revolutionize how meet the market and solve our customers biggest challenges our customer use GaN laser light Single emitters BluGlass’ Form
Slide 10: 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 10 BLUGLASS INVESTOR BLUGLA
Slide 11: Working with Customers Across Our Target Verticals
INDUSTRIAL Multiple leading OEM customers BluGlass’ customers include leading OEMs across the industrial, medical, quantum & scientific sectors, and national labs and research organisations QUANTUM Qualifying products across full portfolio & SCIENTIFIC Customers are purchasing underserved and in- WO
Slide 12: US DoD Establishes Microelectronics Commons, Invests $2B
US DoD ESTABLISHES MICROELECTRONICS COMMONS, INVESTS $2B BLG IS COMMERCIAL PARTNER IN CLAWS CLAWS HUB LEAD & MEMBERS MEMBERS • 8 Regional Hubs established • CLAWS Hub awarded US $39.4M for LEAD development work in FY24 AU$2.6M . Contract awarded to BluGlass for initial core development. To be refres
Slide 13: Leadership Team: Deep Laser Industry Expertise
LEADERSHIP TEAM: DEEP LASER INDUSTRY EXPERTISE BOARD OF DIRECTORS MANAGEMENT TEAM James Walker Jim Haden Dr Ian Mann NON-EXECUTIVE CHAIR CEO COO & CTO Experienced technology Veteran laser expert with 30 years’ Product development and technology commercialisation leader; Chartered experience; demonst
Slide 14: CY24 Upcoming Milestones
Complete vertical integration in Silicon Valley wafer fab Ongoing repeat orders from customers Integrate commercial packaging, testing & reliability equipment Improve yield and reliability performance to increase shipments Launch brighter & more efficient lasers in core wavelengths (405-450nm) CY24
Slide 15: Timetable: Indicative SPP Offer Timetable
TIMETABLE: Indicative SPP Offer Timetable Event Date Lodgement of Prospectus with ASIC 14 February 2024 Lodgement of Appendix 3B, Announcement and Prospectus with ASX 14 February 2024 Offer Opens 21 February 2024 Issue of Notice of Meeting 29 February 2024 Offer Closes 13 March 2024 Issue of New Sha
Slide 16: 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 17: Thank-You & Questions
Investor Relations: Stefanie Winwood P: +61 2 9334 2300 E: investors@bluglass.com.au THANK-YOU & QUESTIONS BLUGLASS INVESTOR BLUGLASS PRESENTATION, INVESTOR OCTOBER PRESENTATION, 2023 FEBRUARY 2024
Slide 18: Appendix
APPENDIX: BLUGLASS INVESTOR BLUGLASS PRESENTATION, INVESTOR OCTOBER PRESENTATION, 2023 FEBRUARY 2024
Slide 19: 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 20: GaN Laser Market Verticals (2025)
GaN LASER MARKET VERTICALS (2025) Quantum & Biotech/Life Display Defense & Industrial Scientific Sciences (AR/VR) R&D (405nm, 450nm, (405nm, 420nm, (405nm, 420nm, (450nm, 525nm) (405nm, 420, 450nm, 488nm, 525nm) 450nm, 490, 525nm) 450nm, 490, 525nm) 525nm) US $400M US $100M US $60M US $60M US $115M
Slide 21: Highly Constrained Market: BLG Is Solving Customer Challenges
HIGHLY CONSTRAINED MARKET: BLG IS SOLVING CUSTOMER CHALLENGES The GaN laser diode industry is an emerging market Manufacturing flexibility growing rapidly. BluGlass’ laser offering addresses underserved markets, wavelengths and delivered in flexible form factors. Challenged by constrained supply Onl
Slide 22: BluGlass' Proprietary GaN Growth Technology: RPCVD
BLUGLASS’ PROPRIETARY GaN GROWTH TECHNOLOGY: RPCVD Remote Plasma 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 standar
Slide 23: BluGlass Technology Roadmap
BLUGLASS TECHNOLOGY ROADMAP Launched GaN Products Add Novel Capabilities Establish as Partner of Choice (Core Capabilities) - Launch Distributed FeedBack (DFB) - BLG positioned for break-out success - Portfolio spanning 405, 420nm & lasers for quantum applications as the only pure-play GaN laser 450
Slide 24: Custom Projects Speed Path to Profitability
CUSTOM PROJECTS SPEED PATH TO PROFITABILITY Large custom laser projects Complements direct-to- are a key commercial market visible laser offering strategy pillar; provide path to profitability Custom projects Builds reputation as the industry’s partner of choice form a key pillar Won commercial part
Slide 25: Glossary
GLOSSARY Term Definition Gallium nitride (GaN) is an important semiconductor material used in billions of electronics devices around the globe. GaN is a direct Gallium Nitride (GaN) bandgap semiconductor commonly used in blue light-emitting diodes and laser diodes for a wide range of commercial appl