Slide 1: Investor Presentation – Path to Commercial Revenue
02 March 2020 Investor Presentation – Path to Commercial Revenue Australian semiconductor developer BluGlass Limited (ASX: BLG) is pleased to provide an updated company presentation – Path to Commercial Revenue, March 2020 Investor Update. Please find a copy of this presentation attached. This annou
Slide 2: BluGlass Path to Commercial Revenues 2020 Investor Update
BLUGLASS (ASX:BLG) PATH TO COMMERCIAL REVENUES 2020 INVESTOR UPDATE MARCH 2020
Slide 3: Forward Looking Statement
FORWARD LOOKING STATEMENT This document has been prepared by BluGlass Limited to provide readers with an update on the Company and the Company’s technology. Statements, opinions, technical data and information, or other material contained in this document, do not constitute commitments, representati
Slide 4: Corporate Overview: Primed for Growth
CORPORATE OVERVIEW: PRIMED FOR GROWTH
Slide 5: Corporate Focus – Delivering Significant Near-Term Revenues
DELIVERING A BRIGHTER FUTURE THOUGH LOWER TEMPERATURE RPCVD BluGlass’ unique RPCVD (Remote Plasma Chemical Vapour Deposition) technology is a breakthrough alternative for the ✓ manufacture of gallium nitride (GaN) semiconductor materials CORPORATE FOCUS – DELIVERING SIGNIFICANT GaN is a critical com
Slide 6: Delivering a Brighter Future Through Lower Temperature RPCVD
DELIVERING A BRIGHTER FUTURE THROUGH LOWER TEMPERATURE RPCVD GROWING CUSTOMER PIPELINE & LEVERAGED TO HIGH GROWTH PATENTED TECHNOLOGY, ENABLING THE REVENUES MARKETS TECHNOLOGY OF TOMORROW Partnerships with multiple, global leaders including: & others under non-disclosure New laser diode product port
Slide 7: A Platform Technology with Multiple Go-To-Market Options
A PLATFORM TECHNOLOGY WITH MULTIPLE GO-TO-MARKET OPTIONS BluGlass’ patented RPCVD semiconductor manufacturing technology has demonstrated R&D results, showing competitive advantages with potential application in multiple high-growth market segments RPCVD TECHNOLOGY PORTFOLIO MULTIPLE GO-TO-MARKET OP
Slide 8: BluGlass Direct-to-Market Laser Diode Business
BLUGLASS DIRECT-TO-MARKET LASER DIODE BUSINESS
Slide 9: Capitalising on Our Tunnel Junction Capabilities
BLUGLASS TO TARGET LASER DIODES MARKET – NEW BUSINESS UNIT GaN laser diodes (LDs) represent an emerging market opportunity in need of a competitive ✓ technology solution such as RPCVD. It represents a Serviceable Addressable Market (SAM) for BluGlass in excess of US$658M by 2025* BluGlass is launchi
Slide 10: Global Laser End-Market Forecast by Application Segments (2025)
GLOBAL LASER END-MARKET FORECAST BY APPLICATION SEGMENTS (2025) US$3.1B US$3.1B US$6.4B US$12.4B US$6.4B US$27B US$12.4B US$5.1B US$5.1B Industrial cutting/welding Life sciences Laser display Automotive Source: Internal BluGlass modelling based on industry sources, including Strategies Unlimited, Ma
Slide 11: Serviceable Addressable Market (SAM) for GaN Laser Diodes
SERVICEABLE ADDRESSABLE MARKET (SAM) FOR GaN LASER DIODES BluGlass has taken a conservative approach to analysing the growth opportunities (addressable markets) for high-performance GaN LDs BluGlass Serviceable Addressable Market (SAM): GaN Laser Diodes US$M $700 $600 US$658M $500 GaN laser diode ma
Slide 12: Economic Scenarios - BluGlass Target Market Revenues
ECONOMIC SCENARIOS - BLUGLASS TARGET MARKET REVENUES Target revenue is based on the timely achievement of technical milestones. Upside revenue is based on the timely achievement of BluGlass’ technical milestones and accelerated customer demand and market growth. Downside revenue is based on a delay
Slide 13: BluGlass GaN Laser Diode – Business Risk Assessment
BLUGLASS GaN LASER DIODE – BUSINESS RISK ASSESSMENT TECHNOLOGY RISK MARKET RISK Laser diode long-term reliability Macro-economic conditions slow the adoption rates of laser cutting and • Laser diode burn-in and long-term reliability testing & verification welding systems required prior to commercial
Slide 14: The Commercial Laser Diode Opportunity
THE COMMERCIAL LASER DIODE OPPORTUNITY THE NEED THE SOLUTION • The market now demands high-brightness, high-efficiency GaN • BluGlass’ RPCVD and Active-As-Grown (AAG) epitaxial growth laser diodes, for a wide variety of end-use customers, in multiple technology enable a new Tunnel Junction-integrate
Slide 15: RPCVD Performance Advantages for Laser Diodes
RPCVD PERFORMANCE ADVANTAGES FOR LASER DIODES DESCRIPTION RPVCD MOCVD Active-As-Grown (AAG) Technology Unique technology advantage proprietary to BluGlass’ RPCVD deposition technology ✓ × • Higher LD brightness and efficiencies Higher performing devices • Reduced optical loss • Lower contact and dev
Slide 16: Laser Diode Supply Chain Proposition: Direct-to-Market
BLUGLASS LASER DIODE SUPPLY CHAIN PROPOSITION: DIRECT-TO-MARKET BLUGLASS IS SECURING THE LD SUPPLY CHAIN FOR END-END DELIVERY End-use Substrates from BluGlass’ US test customer suppliers in Epitaxy facility to open Wafer System Japan BluGlass Die Fabrication Facet Coat in June 2020 Fabrication manuf
Slide 17: Laser Diode: Channel Management
BLUGLASS LASER DIODE: CHANNEL MANAGEMENT BLUGLASS CHANNEL MANAGEMENT FROM EPI TO INTEGRATION BluGlass is taking a selective, multi-channeled approach to the laser diode Market, dependent on each end-market. BluGlass will maintain ownership and control of all laser diode IP, designs, specifications a
Slide 18: Laser Diode Product: Supply Roadmap & Timetable
BLUGLASS LASER DIODE PRODUCT: SUPPLY ROADMAP & TIMETABLE PRODUCT ROADMAP - TASK MARKET SEGMENT 2020 2021 2022 2023 LASER DIODE PRODUCT ROLL OUT R&D devices T Industrial - high-power A P Industrial - high-power B T P BluGlass laser diodes Industrial - high-power C T P Other market segments T Other –
Slide 19: Our Technology & Patent Portfolio
OUR TECHNOLOGY & PATENT PORTFOLIO
Slide 20: BluGlass RPCVD Technology
BLUGLASS RPCVD TECHNOLOGY RPCVD (Remote Plasma Chemical Vapour Deposition) – A breakthrough alternative for the manufacture of gallium nitride (GaN) semiconductor materials Lower-temperature manufacturing processes, several hundred degrees cooler than the incumbent, MOCVD Higher-performing devices,
Slide 21: Technology Advantages of RPCVD by Application
TECHNOLOGY ADVANTAGES OF RPCVD BY APPLICATION High Active Sharp Doping High Doping Low Thermal Active-As-Grown Nitrogen at Low Low Hydrogen Profiles Concentrations Damage p-GaN (AAG) Temperature Laser Diodes ✓ ✓ ✓ ✓ ✓ ✓ Cascade LEDs ✓ ✓ ✓ microLEDs ✓ ✓ ✓ RGB LEDs ✓ ✓ ✓ LEDs - ITO Replacement ✓ ✓ ✓ ✓
Slide 22: Proof of Concept Milestone Achieved: Green on Blue Cascade LED
PROOF OF CONCEPT MILESTONE ACHIEVED: GREEN ON BLUE CASCADE LED Two colour cascade LED: green-on-blue demonstration confirms proof of concept of BluGlass’ RPCVD tunnel junctions BluGlass wafer level LED quick test of Green on Blue Cascade LED. 2-colour cascade LED. Single device with two active regio
Slide 23: Global Patent Portfolio
GLOBAL PATENT PORTFOLIO • Our Intellectual Property portfolio is a critical foundation for our future commercial success and underpins our licensing-based business model • In July 2019 BluGlass was awarded a key US Patent for buried activated p-GaN in tunnel junctions • This important patent brings
Slide 24: Our Capabilities
OUR CAPABILITIES Tey
Slide 25: Bringing Product & Technology Differentiation to Market
BRINGING PRODUCT & TECHNOLOGY DIFFERENTIATION TO MARKET LEVERAGED TO LARGE STRONG PATENT BREAKTHROUGH MULTIPLE EXPERIENCED BOARD, AND GROWING MARKETS PORTFOLIO AUSTRALIAN COMMERCIALISATION MANAGEMENT & TECHNOLOGY POISED FOR PATHS ADVISORY TEAM GLOBAL IMPACT RPCVD delivers 71 International Patents De
Slide 26: Significant Increase in RPCVD Manufacturing Capacity and Capability
NEW MANUFACTURING LABORATORIES SIGNIFICANT INCREASE IN RPCVD MANUFACTURING ✓ $6 million in additional equipment and associated infrastructure CAPACITY AND CAPABILITY ✓ Semiconductor wafer growth under way in the first of two additional semiconductor deposition systems, the BLG-300II Second depositio
Slide 27: Commercialisation Activities in Multiple Markets
COMMERCIALISATION ACTIVITIES IN MULTIPLE MARKETS
Slide 28: High-Growth & Large End Markets
HIGH-GROWTH & LARGE END MARKETS GLOBAL LED MARKET (PACKAGED GLOBAL MICROLED MARKET GLOBAL GAN POWER LEDS) ELECTRONICS MARKET The emerging The emerging Global packaged GaN power microLED market LED market was electronics from near $0 worth market is base is expected $16.7B to reach expected to reach
Slide 29: Commercial & Partner Engagements
COMMERCIAL & PARTNER ENGAGEMENTS • International leader in LED • International leader in LED • X-display (X-Celeprint spin-off) • AIXTRON collaborating on solutions for the general solutions for projector& display is a world leader in micro- scaling RPCVD technology lighting market applications tran
Slide 30: Go-To-Market Activity
GO-TO-MARKET ACTIVITY JOINT DEV/ COMMERCIALISATION & DEVELOPMENT PROGRAM END MARKET EVALUATION FOUNDRY MANUFACTURING RPCVD TUNNEL JUNCTION TECHNOLOGY Bridgelux JDA US$6.1B in 20181 ✓ Luminus Collaboration US$6.1B in 20181 ✓ Continuing HB-LED collaboration discussions Multiple high-growth market segm
Slide 31: Thank You
THANK YOU Giles Bourne, Managing Director BluGlass Limited (ASX:BLG) admin@bluglass.com.au www.bluglass.com.au