Versarien PLC · OTC:VRSRF
Versarien — FY2018 Earnings Presentation
24 slides from Versarien's earnings presentation, July 2018
Slide 1: Tomorrow's materials, available today
LBITDA ( Tomorrow’s materials, available today Results for the year ended 31 March 2018
Slide 2: About us
About us • Founded 2011 • Now ~100 employees in UK • Revenue producing • Admitted to AIM Market of London Stock Exchange 2013 • Work with leading UK universities to identify and commercialise technology bases at UOM, Cambridge and Ulster • Acquire companies to utilise developed technology giving us
Slide 3: Group Structure
Group Structure Hong Kong USA 3
Slide 4: Financial Highlights
Financial Highlights • Group revenues increased by 52% to £9.02 million (2017: £5.93 million) • *LBITDA decreased by 33% to £0.8 million (2017: £1.2 million) • Loss before tax decreased by 27% £1.6 million (2017: £2.2 million) • Cash at 31 March 2018 of £2.3 million (2017: £1.4 million) • Net assets
Slide 5: Operational Highlights
Operational Highlights • Eight graphene application collaboration agreements secured during the year, with a further five entered into post period, with more in the pipeline • Asian graphene expansion targeted through incorporation of intermediate Hong Kong holding company • Continued investment in
Slide 6: Why Versarien?
Why Versarien? • Only company with links to University of Manchester and University of Cambridge • Close links with UK Government including being with Prime-minister in China Two scalable and patented manufacturing processes • Nanene - high quality few-layer graphene nano-platelets with low defect r
Slide 7: Production Capacity
Capacity in tonnes 3 2.5 Production 2 1.5 Capacity 1 0.5 0 2015 2016 2017 2018 2019 Capacity in tonnes 7
Slide 8: What about the quality?
What about the quality? • Linked with National Physical Laboratory • Linked with National Graphene Institute and a supplier Linked with Cambridge University and a supplier Linked with ISO TC229 • BSI standard written by a Versarien consultant • Inaugural member of the National Graphene Association T
Slide 9: Partnerships
Partnerships Graphene Engineering Innovation Centre National Graphene Institute Warwick Manufacturing Group National Composite Centre Centre for Process Innovation Advanced manufacturing Research Centre The Man Technology Centre Cambridge Graphene Centre National Physical Laboratory
Slide 10: International Expansion
International Expansion • The appointment of Matt Walker, the Head of Outward Direct Investment at the UK Government's Department for International Trade in May 2018 is a significant step for our international development. • Our focus is to continuing to win further collaborations and orders, increa
Slide 11: Opportunities in China
Opportunities in China Region Interest Expressed Proposals JV Research Shangdong 9 7 5 2 Jiangsu 3 1 1 0 Yunan 4 2 1 1 Hubei 1 1 1 0 Zheijang 1 1 1 0 Beijing 1 1 1 0 Guangdong 2 2 2 0 Hunan 1 1 1 0 Heilongjiang 1 0 0 0 State 1 1 0 1 Total 24 17 13 4 11
Slide 12: Collaborations
Collaborations Date Description Current status October 17 Collaboration with Israel Aerospace Industries Test panels have been produced and tested with additional surfactants now being added. November 17 Collaboration with Global Consumer Goods Plastic bottles have been produced using graphene enhan
Slide 13: Case Study - Media Devil
Case Study - • • New range of headphones to be launched Q3 Tested and proven to work Media Devil • Premium Product as a demonstrator for other users • Range of new products to be sold via Amazon • Plans to test with Bowers and Wilkins 13
Slide 14: Case Study – Team Sky
• Working with Team Sky, the most successful Tour de France Case Study – • team in recent times, to bring the benefits of graphene enhanced materials to professional cycling Products may include cycle frames, wheels and tyres, rider Team Sky • helmets and other rider apparel Applications and potenti
Slide 15: The Future
The Future • Smart materials and textiles • Stronger and lighter materials • Superior batteries and supercapacitors • Flexible electronics • Faster electrical components • Superior radio frequency antennas • Optoelectronics including lasers Strength - Thermal - Electronics 15
Slide 16: Summary
Summary • The current financial year has started positively • 5 five significant collaborations since the year end, including an agreement with MediaDevil to launch a new range of earphones and audio equipment which will utilise our Nanene brand • Our international expansion plans are in motion and
Slide 17: Thank You
Thank You neill.ricketts@versarien.co.uk
Slide 18: Nanene Technical Data
Nanene Technical Data Partnered to National Graphene Institute Value Method Layers ≤5 60% Raman Spectroscopy Layers ≤10 90% Raman Spectroscopy Layers >10 10% Raman Spectroscopy Defect ratio 0.3Av. ID:IG Raman Spectroscopy Lateral diameter - average 2 μm SEM, Laser Diffraction Lateral diameter - rang
Slide 19: Graphene Inks Technical Data
Graphene Inks Technical Data Partnered to Cambridge Graphene Centre CG ink 1 CG ink 2 Viscosity (@ 100 s-1) 3-4 cP ~600 cP Total solids content ~0.1 wt% 10.3 wt% Graphene plus graphite Flake type Few-layer graphene nanoplatelets Lateral size 80-500 nm 1000 ± 500 nm Graphene flake thickness <3 nm ~ 1
Slide 20: Carbon Fibre Reinforced Polymer
Carbon Fibre Reinforced Polymer Partnered to Cambridge Graphene Centre Epoxy resin only* ● 60% improvement in tensile modulus ● 36% improvement in the ultimate tensile strength ● 126% improvement in loss modulus ● 63% improvement in storage modulus ● No change in the glass transition temperature Uni
Slide 21: PEEK
PEEK PEEK material with 3wt% Nanene loading* • 26% increase in ultimate tensile strength • 17% increase in elongation at break • 21% increase in tensile modulus • No change in the crystallisation temperature *Independently testing performed by Victrex and the University of Manchester 21
Slide 22: Group Statement of Comprehensive Income
Group Statement of Comprehensive Income For the year ended 31 March 2018 2018 2017 £’000 £’000 Continuing operations Revenue 9,024 5,928 Cost of sales (6,496) (4,531) Gross profit 2,528 1,397 Other operating income 63 180 Operating expenses (including exceptional items) (4,102) (3,769) Loss from ope
Slide 23: Group Statement of Financial Position
Group Statement of Financial Position as at 31 March 2018 2018 2017 £’000 £’000 Assets Non-current assets Intangible assets 2,678 2,923 Property, plant and equipment 2,980 3,106 Deferred taxation 25 25 5,683 6,054 Current assets Inventory 1,961 1,888 Trade and other receivables 2,437 1,906 Current t
Slide 24: Statement of Group cash flows
Statement of Group cash flows For the year ended 31 March 2018 2018 2017 £’000 £’000 Cash flows from operating activities Cash used in operations (1,907) (1,250) Interest paid (50) (10) Corporation Tax paid (9) - Net cash used in operating activities (1,966) (1,260) Cash flows from investing activit