Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (November 2018)
37 slides from Bluglass's shareholder meeting presentation, Nov 19, 2018
Slide 1: BluGlass Annual General Meeting
BLUGLASS ANNUAL GENERAL MEETING For personal use only 19 NOVEMBER 2018 SYDNEY, AUSTRALIA
Slide 2: Agenda
AGENDA For personal use only Chairman’s Report Managing Director’s Report Chief Technology & Operations Officer’s Report Q&A Formal Business Page 2 Annual General Meeting 19 November 2018
Slide 3: Chairman's Report
For personal use only CHAIRMAN’S REPORT Dr. William Johnson
Slide 4: BluGlass Vision
BLUGLASS VISION For personal use only OUR VISION OUR OBJECTIVE Position BluGlass as a leading force in the Our objective is to deliver high-growth rapidly growing global opto-electronics commercial outcomes for the RPCVD industry, by delivering RPCVD as a key technology in the LED, microLED and enab
Slide 5: Strategic Objectives
STRATEGIC OBJECTIVES For personal use only We have focused on the following areas to maximise the opportunity of delivering commercial solutions at scale: ▪ development of the RPCVD technology to create a commercially viable manufacturing technique ▪ joint development of applications with industry p
Slide 6: Market Growth Opportunity & Context for BluGlass
MARKET GROWTH OPPORTUNITY & CONTEXT FOR BLUGLASS For personal use only Global LED market Global microLED market GaN power electronics market 2024 2025 2021 CAGR of CAGR of CAGR of 15.9+% to 80+% to 80.1% to US $96B US $20.5B US $270M 2018 2019 2017 Sources: LED: Allied Market Research, microLED: Yol
Slide 7: Industry Opportunities & Perspectives
INDUSTRY OPPORTUNITIES & PERSPECTIVES Major market trends driving rapid growth: For personal use only Automotive & HB Lighting Displays Power Electronics (HB-LED opportunity) (microLED opportunity) (GaN HEMT opportunity) CAGR of 19.9% CAGR of 89.2% CAGR of +80% 2017-20231 2018-20252 2016-20203 Marke
Slide 8: Financial Performance
FINANCIAL PERFORMANCE 2018 2017 Movement For personal use only Total Revenue $871,000 $685,000 Up 27% EpiBlu foundry Revenue $714,000 $550,000 Up 30% Interest $157,000 $135,000 Up 17% Net Assets $25,389,000 $18,702,000 Up 36% Capital Raise $11,228,000 - - Monthly Burn Rate $534,000/month $466,000/mo
Slide 9: Intellectual Property Update
INTELLECTUAL PROPERTY UPDATE For personal use only ▪ Our Intellectual Property portfolio is a critical foundation for our future commercial success and underpins our licensing-based business model ▪ During the year significant investment was made to further expand and strengthen our portfolio ▪ In 2
Slide 10: Managing Director's Report
For personal use only MANAGING DIRECTOR’S REPORT Giles Bourne
Slide 11: Significant Collaborations & Partnerships
For personal use only SIGNIFICANT COLLABORATIONS & PARTNERSHIPS
Slide 12: Lumileds
LUMILEDS BluGlass has commenced commercial negotiations with Lumileds For personal use only ▪ We will provide the market with further details on the outcome of this negotiation ▪ BluGlass is pleased with the results of the project to date which has shown clear promise that our proprietary technology
Slide 13: Market Update: High-Brightness LEDs
MARKET UPDATE: HIGH-BRIGHTNESS LEDs For personal use only Global LED Market by Application, 2018-2024 ▪ The Global LED market is expected to grow from US $33.1B in 2017 to US $96.71B in 2024 ▪ With a CAGR of 15.9% ▪ BluGlass is interested in the high- brightness segment of the LED market ▪ The bigge
Slide 14: HB-LEDs in the Auto Sector: Not Just a Single Application
HB-LEDs IN THE AUTO SECTOR: NOT JUST A SINGLE APPLICATION For personal use only 2024 2024 2024 22% of Total CAGR of total LED Market Size 17.4% market US $22B 2017 2017 2017 Sources: Allied Market Research, Global LED Market Report 2018 Page 14 Annual General Meeting 19 November 2018
Slide 15: microLEDs
microLEDs For personal use only ▪ microLEDs present a compelling opportunity for the competitive advantages of RPCVD ▪ RPCVD’s lower deposition temperature allows for the growth of indium rich InGaN, the key performance material and ingredient required for longer wave-length LEDs including green, ye
Slide 16: Market Update: microLEDs
MARKET UPDATE: microLEDs For personal use only ▪ microLEDs represent a potential game Global microLED Market, 2019-2025 changer on the way for displays ▪ Predicted to become a US $20.5B market by 2025 ▪ Superior display performance for 2025 fraction of the power consumption of LCD and OLED CAGR ▪ Ap
Slide 17: Power Electronics
POWER ELECTRONICS For personal use only ▪ Partnership with Griffith University and the Innovative Manufacturing Cooperative Research Centre (IMCRC) to develop next-generation GaN transistors ▪ Objective is to develop commercial-spec devices for product demonstration as a commercial proposition for t
Slide 18: Market Update: GaN Power Electronics
MARKET UPDATE: GaN POWER ELECTRONICS For personal use only GaN Power Electronics Market ▪ Major applications in power supply (laptop, mobile, USB chargers, large- scale server data centres), electric vehicles & hybrid electric vehicles and inverters ▪ GaN on Si for power electronics is preferred cho
Slide 19: Other Partnerships & Projects
OTHER PARTNERSHIPS & PROJECTS BluGlass continues to engage in collaborations, evaluations For personal use only and prototyping with a number of industry leading partners in specialised, high-value technologies including: Global foundry: IQE ▪ Continuing collaboration on technology for high-quality
Slide 20: EpiBlu Services
EPIBLU SERVICES For personal use only Strategic vehicle for RPCVD industry acceptance ▪ Specialised GaN foundry and epitaxial wafer growth services ▪ High value, low volume services ▪ Custom & contract R&D ▪ RPCVD and MOCVD services available ▪ Epitaxial characterisation services Page 20 Annual Gene
Slide 21: Path to Market
For personal use only PATH TO MARKET
Slide 22: Paths to Market for RPCVD Intellectual Property
PATHS TO MARKET FOR RPCVD INTELLECTUAL PROPERTY Applied Development of RPCVD BluGlass will generate RPCVD revenues through For personal use only a combination of the following: Pipeline of RPCVD IP Page 22 Annual General Meeting 19 November 2018
Slide 23: Major Milestones FY
For personal use only MAJOR MILESTONES FY2018
Slide 24: Summary Milestones in FY2018
SUMMARY MILESTONES IN FY2018 Entered into a unique partnership with Griffith For personal use only Entered into a Collaboration Agreement University and the Innovative Manufacturing with a microLED company to develop Cooperative Research Centre (IMCRC) to develop novel RGB microLED applications. App
Slide 25: The Year Ahead
THE YEAR AHEAD ▪ BluGlass has commenced commercial negotiations with For personal use only Lumileds and will provide the market with further details on the outcome ▪ Deliver the facility upgrade and install two new RPCVD deposition systems ▪ Scale the RPCVD technology to commercial manufacturing req
Slide 26: Chief Operations & Technology Officer
CHIEF OPERATIONS & TECHNOLOGY For personal use only OFFICER Dr. Ian Mann
Slide 27: Lumileds & Other Collaborations
LUMILEDS & OTHER COLLABORATIONS ▪ Strong technical progress on Lumileds milestones For personal use only enabled commercial discussions to commence ▪ RPCVD scaling to production platform to commence in 2019 - large deposition system purchased and en route to Silverwater for RPCVD retrofit ▪ Continue
Slide 28: LED Progress: RPCVD p-GaN + MOCVD MQW for Green LEDs
LED PROGRESS: RPCVD p-GaN + MOCVD MQW FOR GREEN LEDs RPCVD p-GaN overgrowth demonstration on longer wavelength green For personal use only and green/yellow LEDs ▪ BluGlass continues to improve performance of its longer wavelength LEDs – Critical for RGB microLED demonstrations for customers ▪ In MOC
Slide 29: LED Progress: RPCVD p-GaN + MOCVD MQW LEDs
LED PROGRESS: RPCVD p-GaN + MOCVD MQW LEDs In 2018, BluGlass has manufactured fully packaged LEDs using RPCVD p-GaN For personal use only ▪ Initial results of these RPCVD containing LEDs are being shared with select customers Page 29 Annual General Meeting 19 November 2018
Slide 30: LED Progress: RPCVD p-GaN + RPCVD MQWs for RGB LEDs
LED PROGRESS: RPCVD p-GaN + RPCVD MQWs FOR RGB LEDs For personal use only Page 30 Annual General Meeting 19 November 2018
Slide 31: LED Progress: RPCVD MQWs for RGB LEDs
LED PROGRESS: RPCVD MQWs for RGB LEDs RPCVD MQW + p-GaN BASED BLUE LED For personal use only ▪ To attract further industry interest BluGlass continues to enhance the capability of RPCVD ▪ Low temperature RPCVD is favourable for Indium-rich InGaN MQWs useful for longer wavelength LEDs ▪ microLED play
Slide 32: RPCVD Scaling in 2019 – Wafer Capacity for Commercialisation
RPCVD SCALING in 2019 – Wafer Capacity for Commercialisation BLG-300 RPCVD Wafer Configurations New RPCVD System Wafer Configurations in 2019 For personal use only 19x2” 2x6” 6x6” or 42x2” Page 32 Annual General Meeting 19 November 2018
Slide 33: Simple vs. Planetary – Uniformity Improvement Plan for RPCVD
SIMPLE Vs. PLANETARY– Uniformity Improvement Plan for RPCVD Simple Rotation Planetary Rotation For personal use only New RPCVD System in 2019 Single axis of rotation – wafer carrier rotates only Two axes of rotation: wafer carrier and planets rotate ▪ Non-uniformity in gas distribution can lead to n
Slide 34: BluGlass Facility Upgrade – Build Progress & Plans for Use
BLUGLASS FACILITY UPGRADE – Build Progress & Plans for Use BluGlass’ new facility upgrade will provide two new clean rooms (Bays 1 and 2) with two new RPCVD systems For personal use only ▪ Initial Use: Scaling for RPCVD commercialisation and increase RPCVD capacity for projects ▪ Future Use: RPCVD E
Slide 35: BluGlass Facility Upgrade – Two New RPCVD Platforms & Labs
For personal use only BLUGLASS FACILITY UPGRADE –Two new RPCVD Platforms & Labs New Production Bay 1 New Production Bay 2 ▪ New BLG-300™ RPCVD ▪ Installation and retrofit of system (19x2”) commercial scale Aixtron G4 Planetary Reactor ▪ Increase RPCVD industry (capable of 6x6” or 42x2”) project capa
Slide 36: BluGlass Facility Upgrade – Capability & Capacity Once Complete
BLUGLASS FACILITY UPGRADE – Capability & Capacity Once Complete Existing RPCVD & MOCVD Labs New Production Bay 1 New Production Bay 2 For personal use only (3 Prototyping Systems) (1 x RPCVD System) (1 x Production Scale RPCVD) USE: 2 RPCVD system for process USE: RPCVD industry projects USE: RPCVD
Slide 37: Questions
For personal use only QUESTIONS