Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (August 2024)
24 slides from Electrovaya's investor presentation, Aug 20, 2024
Slide 1: Investor Presentation August 2024
Investor Presentation August - 2024 Nasdaq:ELVA & TSX:ELVA Nasdaq: ELVA | TSX: ELVA
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements, including statements that relate to, among other things, the effect of the COVID-19 public health emergency on the Company’s operations, its employees and other stakeholders, including on customer demand, supply chain, and delivery sc
Slide 3: Electrovaya at a Glance
Electrovaya at a Glance 14 Footprint & Presence Fortune 100 customers 200+ Installed Locations in 4 continents 28,000+ Deployed Infinity batteries Zero Safety incidents 2 GWh Capacity By 2028 YOY growth 100+ 45 >100% Patents 27+ Engineers & Scientists EBITDA Profitable over Years the last 5 Quarters
Slide 4: Investment Highlights
Investment Highlights Electrovaya is a pure play, North American lithium-ion battery technology and manufacturing company on track for rapid growth Premium Product Performance and Industry Leader Large Addressable High Growth with Clear Path to NextGen Technology 1 Heavy Duty Market Profitability Pr
Slide 5: Key Market Challenge: A multi-billion dollar opportunity
Key Market Challenge: A multi-billion dollar opportunity Our technology is the ONLY high-performance battery technology that is a true fit for fast growing, mission critical heavy-duty equipment market ! Our Solution Proven Execution Industry Challenge • Longer Lifetime: Our Infinity • Safety and lo
Slide 6: Our Products: Complementary Technology Solutions
Our Products: Complementary Technology Solutions Complementary technologies targeting a number of EV applications Infinity Batteries provide industry leading longevity and SSBs provide industry leading energy density Infinity Batteries Solid State Batteries Commercial today In development stage Glob
Slide 7: Technology Portfolio
Technology Portfolio Cell Chemistries for various Proprietary Technology Unique Capabilities applications Fully Ceramic Separator Cells Surface NMC Lithium - Ultra long cycle life Polymer Nickel-Manganese- - Balanced Power-Energy Ceramic Particles fibres Cobalt Oxide - Superior safety Modules & BMS
Slide 8: Multi-Million-Mile Batteries - Performance Advantage
Multi-Million-Mile Batteries - Performance Advantage 500 1000 2000 5000 9000 Cycles *Cycle equivalent: 14,000 cycles is equivalent to 3,500,000 miles for 250-mile range car Electrovaya NMC batteries different SOC Temperature: 27°C, Current: 1 C-rate Nasdaq: ELVA | TSX: ELVA Electrovaya © 2024 8
Slide 9: Product Differentiation: Ceramic Separators
Product Differentiation: Ceramic Separators Full Ceramic vs Coated PO Separator Thermal Stability Coated PO Full Ceramic Coated PO Full Ceramic 15 min at 130°C Ceramic-Coated PO Separator (Competitors) Fully Embedded Ceramic Separator (Electrovaya) Nail Penetration test Nail Penetration test Electro
Slide 10: Market Opportunity: Infinity Batteries
Market Opportunity: Infinity Batteries Take-away message? A multi-billion dollar addressable market for batteries that are safe, efficient, have a long useful life and low cost of ownership? APPLICATION USAGE MARKET SIZE Mining / Combined Construction Vehicles ~ $9.6 Billion Locomotive / 12-20 hrs/da
Slide 11: Electrovaya Batteries Powering ...
Electrovaya Batteries Powering ... Warehousing Vehicles Large AGVs Defense Trucks Large Industrial Vehicles Small AGV E-Bus Nasdaq: ELVA | TSX: ELVA Electrovaya © 2024 11
Slide 12: Our Customers: Infinity Batteries (MHEV)
Our Customers: Infinity Batteries (MHEV) Example OEM Customers End Users Example (not a full list) Retail & eCommerce *Confidential F100 ecommerce company Food Distribution Manufacturing Logistics Nasdaq: ELVA | TSX: ELVA Electrovaya © 2024 12
Slide 13: Market Demand: Near-term Exponential Growth for MHEV
Market Demand: Near-term Exponential Growth for MHEV Expanding our capacity to scale our business and meet anticipated growth in demand Demand is expected to grow rapidly over the next 3 Years We are executing plans to expand our manufacturing capacity to ~500MWh in 2025 and >2GWh by 2029 *Demand da
Slide 14: Expansion Plan- Jamestown Factory
Expansion Plan- Jamestown Factory 130,000 sq ft Industrial facility $0.05/kWh Low energy cost 100% Renewable Energy 3 Hours Distance to HQ and Key Customers Nasdaq: ELVA | TSX: ELVA Electrovaya © 2024 14
Slide 15: Our Products: Technology Solutions
Our Products: Technology Solutions Complementary technologies targeting a number of EV applications Infinity Batteries provide industry leading longevity and SSBs provide industry leading energy density Infinity Batteries Solid State Batteries Commercial today In development stage Global partners &
Slide 16: Our Products: Next Gen-Solid State Batteries (SSB)
Our Products: Next Gen-Solid State Batteries (SSB) Solid State Promises Much Higher Energy Density = More Range, Less Weight, Less Cost EV penetration in the global vehicle market Solid State Batteries offer 2X Energy Density over conventional lithium ion batteries= more range, less weight, less cos
Slide 17: Our Products: Our Approach with SSB
Our Products: Our Approach with SSB Our SSB platform incorporates versatile, proprietary technology Multi-layer Pouch stack Four Solid State Battery Related Patents Have Been Filed Single layer Pouch stack Anode Current collector Proprietary Ceramic Composite separator Cathode High loaded NMC + Cath
Slide 18: Financial Performance: 100% CAGR over 2 Years
Financial Performance: 100% CAGR over 2 Years Market demand provides STRONG TAILWIND for accelerating revenue growth Key Revenue and Margin Drivers ● FY 2023 revenue more than doubled due to increased orders driven by strong market demand ● Expanding capacity provides opportunity to further accelera
Slide 19: Financial Performance: Profitability Inflection Achieved
Financial Performance: Profitability Inflection Achieved Reaching an inflection point… set to be one of the only profitable battery companies in North America ● Operational efficiencies and cost savings drove positive ● Significant growth expected in Revenue and EBITDA EBITDA in FY23 and into FY24. ●
Slide 20: Summary Balance Sheets and Cap Table
Summary Balance Sheets and Cap Table CapTable Select Balance Sheet Items ($USD) As of 06/30/2024 (US$ in thousands) 06/30/2024 06/30/2023 Outstanding shares 34,134,165 Cash $534 $723 Trade and other receivables 8,159 5,544 Outstanding warrants 1,711,924 Inventories 12,427 9,201 Outstanding stock opt
Slide 21: Management Team
Management Team Dr. Raj S. John Gibson, Dr. Jeremy Dr. Elmira Jason Roy, Das Gupta, CFO Dang, Memarzadeh VP, Corporate CEO, Director VP, Business & Project VP, Cell Operations Development and Development Investor Relations John is a Certified Raj has been with the Professional Jeremy’s client Elmira
Slide 22: Board of Directors
Board of Directors Prof Carolyn Dr Jim Jacobs, Dr. Sankar Das Kartick Kumar, Steven Berkenfeld, Director Gupta, Director Director Hansson, Director Executive Chairman Professor Carolyn Hansson Dr. Jacobs’ innovations have Sankar is an entrepreneur and an Kartick Kumar is a seasoned Steven is a seaso
Slide 23: Investment Highlights
Investment Highlights Electrovaya is a pure play, North American lithium-ion battery technology and manufacturing company on track for rapid growth Premium Product Performance and Industry Leader Large Addressable High Growth with Clear Path to NextGen Technology 1 Heavy Duty Market Profitability Pr
Slide 24: Nasdaq:ELVA & TSX:ELVA
Investor & Media queries, please contact: Jason Roy VP, Corporate Development & Investor Relations Phone: 905-855-4618 Email: jroy@electrovaya.com Web: www.electrovaya.com Nasdaq:ELVA & TSX:ELVA Nasdaq: ELVA | TSX: ELVA