Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (September 2018)
36 slides from Bluglass's shareholder meeting presentation, Sep 17, 2018
Slide 1: BluGlass Investor Presentation: 2018 Review of Operations
For personal use only SEPTEMBER 2018 BluGlass Investor Presentation: 2018 Review of Operations Giles Bourne, Managing Director & CEO BLUGLASSLIMITED BLUGLASS LIMITED ANNUALPRESENTATION INVESTOR GENERAL MEETING 2018 2017
Slide 2: Disclaimer
DISCLAIMER For personal use only This document has been prepared by BluGlass Limited to provide existing and prospective investors in BluGlass Limited with a summary of progress to date No statements, opinions, or other material contained in this document constitute any commitments, representations
Slide 3: Introduction
For personal use only INTRODUCTION BLUGLASSLIMITED BLUGLASS LIMITED ANNUALPRESENTATION INVESTOR GENERAL MEETING 2018 2017 —3—
Slide 4: BluGlass Vision
BLUGLASS VISION Accelerate the commercial opportunities for the use of Remote Plasma Chemical Vapour Deposition (RPCVD) For personal use only technology in the manufacture of high-performance devices, including high-brightness LEDs (HB-LEDs), microLEDs and power electronics OUR VISION OUR OBJECTIVE
Slide 5: RPCVD Platform Technology: Market Opportunities
RPCVD PLATFORM TECHNOLOGY: MARKET OPPORTUNITIES BluGlass has a diversified development strategy designed to address opportunities in a number of high- For personal use only performance device categories HB-LED microLED POWER POWER ELECTONICS ELECTONICS Consumer electronics General Lighting Mobile de
Slide 6: Industry Perspective: Key Industry Innovation Requirements
INDUSTRY PERSPECTIVE: KEY INDUSTRY INNOVATION REQUIREMENTS Competitiveness in the HB-LED industry is largely driven by efficiency (light output) and manufacturing costs. For personal use only Efficiency improvements can also lower cost. BluGlass’ unique low- temperature RPCVD Higher HB-LED OSRAM ind
Slide 7: Industry Challenge: Limitations with Incumbent MOCVD Technology
INDUSTRY CHALLENGE: THE LIMITATIONS WITH INCUMBENT MOCVD TECHNOLOGY MOCVD (Metal Organic Chemical Vapour Deposition) – the industry incumbent technology For personal use only CHALLENGES High temperature processes limits performance of the MOCVD critical regions of the LED, microLED and power electro
Slide 8: The RPCVD Solution: Lower Temperature, Higher Performance
THE RPCVD SOLUTION: LOWER TEMPERATURE, HIGHER PERFORMANCE RPCVD (Remote Plasma Chemical Vapour Deposition) – the breakthrough alternative For personal use only OUR SOLUTION Lower-temperature manufacturing processes RPCVD Lower cost inputs Higher-performing devices Environmentally friendlier & more-s
Slide 9: 2018 Review of Operations
For personal use only 2018 REVIEW OF OPERATIONS BLUGLASSLIMITED BLUGLASS LIMITED ANNUALPRESENTATION INVESTOR GENERAL MEETING 2018 2017
Slide 10: 2018 Financial Summary
2018 FINANCIAL SUMMARY For personal use only CURRENT Cash position at TOP 10 SHAREHOLDERS POSITION AU$17.7M 30 June 2018 1 SPP Technologies Co. Ltd 2 Access Macquarie Limited Raised in placement & AU$11.2M SPP during FY2018 3 HSBC Custody Nominees (Australia) Limited 4 JP Morgan Nominees Australia L
Slide 11: 2018 Financial Summary: Capital Raise
2018 FINANCIAL SUMMARY: CAPITAL RAISE 2018 Capital Raise For personal use only RAISE SUMMARY AU$11.2M 50% of funds received from global institutional investors Raised in placement & SPP during FY2018 for major facility & technology upgrade Investment and support from sector experts Validation of Blu
Slide 12: Capital Raise Use of Funds: Facility Upgrade
CAPITAL RAISE USE OF FUNDS: FACILITY UPGRADE Facilities & technology upgrade For personal use only Funds raised from the Institutional Placement and SPP are being used to: o Acquire a commercial-scale MOCVD platform to retrofit with manufacturing-scale RPCVD hardware (demonstrate commercial scaling
Slide 13: Capital Raise Use of Funds: Strengthening Our Team
CAPITAL RAISE USE OF FUNDS: STRENGTHENING OUR TEAM New strengths and perspectives on the BluGlass board and management team For personal use only BluGlass’ increasing project demands and expanding global JAMES WALKER commercialisation focus required leadership and team expansion: Non-Executive Direc
Slide 14: EpiBlu: Specialist Custom Epitaxy & Contract R&D Services
EPIBLU: SPECIALIST CUSTOM EPITAXY & CONTRACT R&D SERVICES BluGlass’ service business EpiBlu provides custom epitaxy and contract R&D services to For personal use only the nitrides industry. New global VP Business Development appointed April 2018 Revenue-generating business & lead-in AU$714K REVENUE
Slide 15: EpiBlu: Specialist Custom Epitaxy & Contract R&D Services
EPIBLU: SPECIALIST CUSTOM EPITAXY & CONTRACT R&D SERVICES Growing global market presence and reputation with repeat contracts For personal use only APPLICATIONS & CUSTOMER INTEREST AREAS PHOTONICS ELECTRONICS SOLAR LEDs Power electronics InGaN-based microLEDs RF electronics concentrator Laser diodes
Slide 16: Key Collaborations: Updates
KEY COLLABORATIONS: UPDATEs For personal use only LUMILEDS IQE MICROLED OPPORTUNITY Continuing partnership with Lumileds, Continued focus by IQE on the BluGlass provides development a global leader in automotive LED potential for applying RPCVD to services to a number of microLED lighting products,
Slide 17: The LED Value Chain
THE LED VALUE CHAIN BluGlass has collaborations and commercialisation opportunities in different segments of the LED value chain For personal use only Deposition Equipment Specialist MOCVD or RPCVD equipment is used to conduct the necessary chemical reaction in the deposition chamber to grow GaN. Ch
Slide 18: The LED Value Chain – Go To Market Opportunities
THE LED VALUE CHAIN – GO TO MARKET OPPORTUNITIES BluGlass intends to license its unique RPCVD technology and provide the RPCVD deposition equipment For personal use only via one or more of these delivery options: THREE GO-TO-MARKET OPTIONS 1. In partnership with device manufacturer(s) (e.g. Lumileds
Slide 19: microLED Opportunities
MICROLED OPPORTUNITIES BluGlass is collaborating with multiple microLED companies that are interested in the benefits of RPCVD For personal use only RPCVD FOR microLEDs Low-temperature growth of the active layer and top layers of an LED may enable indium-rich InGaN (the key The microLED market segme
Slide 20: The microLED Value Chain
THE microLED VALUE CHAIN The next generation of displays will be microLED - with major players now investing in microLED development For personal use only Deposition Equipment Specialist MOCVD or RPCVD equipment is used to conduct the necessary chemical reaction in the deposition chamber to grow GaN
Slide 21: Intellectual Property
INTELLECTUAL PROPERTY A strategic asset for BluGlass, creating global opportunities and protection For personal use only o Investment in IP continues, in method and application patents worldwide o Strategic foundation of licence business model o Protects existing and new RPCVD IP investment by minim
Slide 22: Market Strategy, Senior Management & Board
For personal use only MARKET STRATEGY, SENIOR MANAGEMENT & BOARD BLUGLASSLIMITED BLUGLASS LIMITED ANNUALPRESENTATION INVESTOR GENERAL MEETING 2018 2017
Slide 23: Market Strategy: Diverse Collaboration Agreements
MARKET STRATEGY: DIVERSE COLLABORATION AGREEMENTS Established collaboration agreements with industry leaders across multiple market segments in HB-LED, For personal use only microLED and power electronics applications and segments Gain Industry Acceptance NOTIONAL TIMETABLE o Demonstrate application
Slide 24: Corporate Overview: Senior Team
CORPORATE OVERVIEW: SENIOR TEAM GILES BOURNE Appointed to Board in 2014, CEO in 2008. Twenty years’ experience in cleantech For personal use only Managing Director & & manufacturing. Business development & commercialisation specialist Chief Executive Officer DR IAN MANN Appointed in 2009. Twenty yea
Slide 25: Corporate Overview: Board
CORPORATE OVERVIEW: BOARD Appointed to Chair in 2017, Board in 2010. Deep global industry experience in For personal use only WILLIAM JOHNSON the high-technology and semiconductor manufacturing sectors, covering M&A, Chairman operations. Former President & CEO, SPTS Technologies. Appointed to Board
Slide 26: Thank You
For personal use only THANK YOU bluglass.com.au BLUGLASSLIMITED BLUGLASS LIMITED ANNUALPRESENTATION INVESTOR GENERAL MEETING 2018 2017
Slide 27: Appendix
For personal use only APPENDIX BLUGLASSLIMITED BLUGLASS LIMITED ANNUALPRESENTATION INVESTOR GENERAL MEETING 2018 2017 — 27 —
Slide 28: BluGlass Virtual Tour
BLUGLASS VIRTUAL TOUR For personal use only Plasma nitrogen source, provides low temperature manufacturing process Low temperature process has potential for RPCVD can produce performance high quality crystalline improvement of active material, with low defect layers in devices such density as LEDs L
Slide 29: RPCVD for LEDs: Demonstrated Performance Improvement
RPCVD FOR LEDs: DEMONSTRATED PERFORMANCE IMPROVEMENT For personal use only RPCVD FOR LEDs 2017 GREEN LED DATA MOCVD EL DATA 20 mA 50 mA 100 mA Demonstrated advantage: Light Output (mW) 1.3 3.3 6.2 +35% performance improvement with V, (V) 3.1 3.7 4.6 RPCVD p-GaN for green LEDs** Peak Wavelength (nm)
Slide 30: End Markets LEDs
END MARKETS LEDs For personal use only 10.4% The LED market is expected to experience CAGR of 10.4% through to 2025 US$63.2B LED revenues are expected to reach US$63.2 billion by 2025 Source: Research and Markets Report Global Light-Emitting Diodes (LED) Market Analysis & Trends - Industry Forecast
Slide 31: RPCVD for microLEDs
RPCVD FOR microLEDs For personal use only RPCVD FOR microLEDs EL SPECTRA OF LEDs GROWN USING RPCVD MQWS Low temperature growth of the active layer and top layers of an LED may enable indium- rich InGaN (the key performance material in Normalized Intensity the ‘active’ layers) RPCVD’s inherently low
Slide 32: End Markets microLEDs
END MARKETS microLEDs Market forecasts for microLED growth vary, but future growth seems assured, and rapid For personal use only US$19.2B Multiple sources predict a market growth of 55% CAGR to 2025 Source: marketsandmarkets.com, microLED market by offering, April 2017 BLUGLASSLIMITED BLUGLASS LIMI
Slide 33: RPCVD for Power Electronics
RPCVD FOR POWER ELECTRONICS RPCVD FOR POWER ELECTRONICS For personal use only Mg DIFFUSION RPCVD p-GaN MOCVD p-GaN Low-temperature RPCVD p-GaN enables Mg Diffusion into AlGaN - SIMS 11 nm 49 nm reduced magnesium diffusion in high Mg Diffusion and Turn on - SIMS 16 nm 18.5 nm electron mobility transi
Slide 34: End Markets Power Electronics
END MARKETS POWER ELECTRONICS The Power Electronics market also presents a growing opportunity for the RPCVD technology For personal use only US$1.7B The GaN power electronics market is expected to reach $600m in 2024, and climb to over $1.7bn in 2027 The combined GaN and SiC power electronics marke
Slide 35: Notes
NOTES For personal use only BLUGLASSLIMITED BLUGLASS LIMITED ANNUALPRESENTATION INVESTOR GENERAL MEETING 2018 2017 — 35 —
Slide 36: bluglass.com.au
For personal use only bluglass.com.au BLUGLASSLIMITED BLUGLASS LIMITED ANNUALPRESENTATION INVESTOR GENERAL MEETING 2018 2017