Slide 1: Ilika
ilika
Slide 2: Full-year Results to 30th April 2021
Full-year Results to 30th April 2021 Graeme Purdy, CEO & Steve Boydell, CFO
Slide 3: Disclaimer
Disclaimer The materials being provided to you in connection with this presentation are strictly confidential and intended only for informational purposes and convenient reference. This document has been prepared by Ilika plc (“Ilika”) and is the responsibility of the same and comprises the written
Slide 4: Presenting today
Presenting today Graeme Purdy Steve Boydell Chief Executive Officer Finance Director Founding CEO appointed in 2004. FD and Company Secretary with Led two VC funding rounds and IPO. Ilika since just before IPO. Previously COO of Avantium BV and Previously FD of privately held early career with Shell
Slide 5: Business Overview
Business Overview Ilika is one of the few independent global experts in the design and manufacture of solid state batteries Scaling up miniature Stereax® technology Collaborating with automotive partners & UK Government to develop Goliath solid state EV pouch cells 06/07/2021 Ilika Annual Results 20
Slide 6: Global Battery Markets
Global Battery Markets Stereax Goliath MedTech ($2.2Bn by 2024) Industrial Sensors ($29Bn by 2025) Consumer Appliances ($50Bn by 2025) Electric Vehicles ($84Bn by 2025) 06/07/2021 06/07/2021 Ilika Annual Results 2021 PagePage 6 6
Slide 7: Why solid state batteries?
Why solid state batteries? Ultra compact: occupies half the volume of Li-ion, enabling smaller battery pack design High temperature: operates at up to 150°C, opening industrial markets traditional Li-ion can’t support Fast charging: charges 6x faster than Li-ion, meaning appliances and EVs could cha
Slide 8: Environmental Benefits
Environmental Benefits Conventional Li-ion: Currently only 5% are recycled Environmentally harmful due to liquid electrolyte toxicity and risk of fire and explosions Cannot be landfilled or incinerated SSBs: No risk of explosion from electrolyte Common process technologies available for recycling Ox
Slide 9: Stereax Business Model
Stereax Business Model Pilot Ilika as a LOGISTICS ILIKA Company B Company C ILIKA ILIKA ILIKA Current Technology ILIKA Wafer Dicing Thinning Stacking Forming Testing Customer Developer Fabrication PO & Contract Manufacturing Medium Ilika as a LOGISTICS ILIKA Company B Company C Company D ILIKA ILIKA
Slide 10: Stereax: On track for commercial sales H1 2022
Stereax : On track for commercial sales H1 2022 2021 2022 Jan Apr Jul Oct Jan Apr Hired Tech Transfer Director and team with industrial experience Tool 1 Procurement Fab Site Preparation Progressed factory Tool 1 Tool 1 Delivery and Installation at Fab acceptance tests for key Tool 1 Commissioning a
Slide 11: Stereax commercial progress
Stereax commercial progress Sold evaluation samples to 16 customers from pilot line Agreed 47 NDAs for commercial discussions (26 IIoT, 21 MedTech) Identified significant addressable markets to over-utilize 3,500 wafers p.a. capacity of manufacturing facility and create demand for licenses © Temesca
Slide 12: Stereax General Application Areas
Stereax GeneralApplication slide Areas Industrial IoT: • Wafer sensing • Condition monitoring: • Wind turbines • Process equipment • Infrastructure Miniature Medical Implants: • Orthopedics • Nerve stimulation • Sensors • Ophthalmic 06/07/2021 Ilika Annual Results 2021 Page 12
Slide 13: Goliath addressable market growth
Goliath addressable market growth The EV revolution is underway as annual sales accelerate to meet international commitments to reduce carbon emissions and consumer demand The IEA predicts electric vehicle stock will have to reach 245m vehicles by 2030 – more than 30 times above 2019’s level Goliath
Slide 14: What Differentiates The Goliath Program?
What Differentiates The Goliath Program? Ilika experience from Stereax® • How to deploy a silicon anode Published Patent Granted Patents Fillings • How to manage interface resistances • 10 years of innovation on solid 10 23 oxide electrolytes • Design of composite structures • Development of manufac
Slide 15: Goliath Strong Technical Progress To Date
Goliath Strong Technical Progress To Date Milestones Date Completed construction of pre-pilot plant Q3 2019 Production of 1st Composite A6 Structures Q4 2019 > 100 Cycles without cell failure Q4 2020 Demonstrated conversion efficiency > 90 % in stable cells Q4 2020 Demonstrated reproducible baseline
Slide 16: Goliath Commercialisation Pathway
Goliath Commercialisation Pathway 2021 2022 2023 2024 2025 2026 2027 PROCESS DEVELOPMENT TECHNOLOGY DEVELOPMENT MODULE/PACK & BMS MULE AND VEHICLE TESTS TESTS AND VALIDATION SCALE UP TRANSFER TO UK-BIC TOLL & GIGA TECH TRANSFER FEASIBILITY AND MANUFACTURING FACTORY Generation of consumer cells 1 2 3
Slide 17: Goliath Scale-up
Goliath Scale-up Manufacturing Today Readiness 100,000 Licensing Production Volume / kWh per Week Scale Up & Develop 1,000 Processes 10 Ilika Pilot 1 Ilika Pre-Pilot 2021 2022 2023 2024 2025 2026 2027 2028 • Framework agreement concluded with BIC • Scale-up design collaboration in place with Comau 0
Slide 18: Consumer Appliance Markets for Goliath
Consumer Appliance Markets for Goliath Health & Beauty E-Cigarettes Requirements: high Requirement: rapid energy and power density charge without heating Market Size: $98.1Bn by 2026 (full consumer electronics market) Market Size: $71.1Bn by 2026 Power Tools and Cameras Medical Requirement: high Req
Slide 19: Financial summary for the year ended 30th April 2021
Financial summary for the year ended 30th April 2021 Turnover £2.3m (2020: £2.8m) Grant revenues reduced as Stereax technology matures beyond R&D funding COVID impact - extended grant programs and 2 month pilot line closure Loss for the period £3.5m (2020: £3.1m) Increase of £0.2m in share based pay
Slide 20: Summary cash-flow to 30th April 2021
Summary cash-flow to 30th April 2021 £m Opening balance 14.8 Capex and intangibles (2.8) Operating cash outflow (2.3) Working capital movement (0.3) R&D tax credit 0.3 Closing balance 9.7 06/07/2021 Ilika Annual Results 2021 Page 20
Slide 21: Outlook
Outlook Strongly positioned to: Progress commercial scale-up of Stereax® technology through fab implementation Mature Goliath technology with partners through defined technical milestones Pursue significant revenue growth opportunities 06/07/2021 Ilika Annual Results 2021 Page 21
Slide 22: Questions
Questions
Slide 23: Developers of SSB for EV
Developers of SSB for EV Samsung SDI SK Innovation Ilika SolBat Quantumscape LG Chem Hyundai GM BMW VW Keracel Enevate Daimler Welion GoTion Maxwell Panasonic NEDO Ionic Materials Qing Tao Blue Solutions Renault Toyota LibTec Solid Energy 24M SAFT / Siemens EU Alliance CATL Prologium Solid Power Sio
Slide 24: Solid State Battery Technologies
Solid State Battery Technologies Many different chemistries being researched – likely more than one will reach fruition in a competitive market 06/07/2021 Page 24
Slide 25: Ilika contact details
Unit 10a The Quadrangle, Abbey Park Industrial Estate, Romsey, Hampshire SO51 9DL Tel: +44 (0)23 8011 1400 Email: info@ilika.com www.ilika.com