Novonix Ltd · ASX:NVX
Novonix — Shareholder Meeting (November 2017)
29 slides from Novonix's shareholder meeting presentation, Nov 21, 2017
Slide 1: AGM Presentation
For personal use only AGM PRESENTATION 21 November 2017 accelerating the global development and adoption of Lithium Ion Battery technologies for a cleaner energy future Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX) 1
Slide 2: General Disclaimer
GENERAL DISCLAIMER For personal use only • This document has been prepared by NOVONIX Limited (“the Company” or “NOVONIX”). No representation, expressed or implied, or warranty as to the accuracy or completeness of the information contained herein is made by any party and nothing contained herein sh
Slide 3: Corporate Overview
CORPORATE OVERVIEW For personal use only STOCK INFORMATION ASX Code NVX ASX Share Price [17 November 2017] A$1.45 52 Week Low - High A$0.47 – A$1.93 Shares on issue 119.63 million Performance Rights 1.56 million Market Capitalisation* A$175.7 million Unlisted Options [various strike] 13.98 million F
Slide 4: Board of Directors
Board of Directors For personal use only Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX) 4
Slide 5: Executive Team
Executive Team For personal use only Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX) 5
Slide 6: Recent Developments
RECENT DEVELOPMENTS For personal use only • downstream integration into high value, high growth battery materials market • production JV with leading USA-based anode materials development group • acquisition of leading battery testing equipment and services company • completion of $16.3 million capi
Slide 7: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Established brand in the rechargeable lithium-ion battery industry • NOVONIX is an established brand name known for making the most accurate battery cell test equipment in the world Global footprint of blue-chip customers and sales in 12 countries • Our ba
Slide 8: Two operating businesses in North America
For personal use only two operating businesses in North America Battery Testing Services Inc. • LEADING BATTERY TESTING • USA BASED DEVELOPER OF HIGH EQUIPMENT AND SERVICES PERFORMANCE GRAPHITE ANODE COMPANY BASED IN CANADA MATERIAL FOR THE LITHIUM ION WITH SALES IN 12 COUNTRIES BATTERY MARKET • EST
Slide 9: Customer locations for our battery testing equipment and services
For personal use only Customer locations for our battery testing equipment and services Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX) 9
Slide 10: Battery testing equipment and services customers
For personal use only Battery testing equipment and services customers For confidentiality reasons there are a number of major global automakers, battery makers, medical device and electronics companies that are customers but cannot be represented. Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX)
Slide 11: Rapid growth in production of lithium-ion batteries
Rapid growth in production of lithium-ion batteries For personal use only 6X growth in Lithium-ion megafactories by 2020 – Source: BENCHMARK Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX) 11
Slide 12: Driven by ambitious EV targets by governments and auto makers
Goldman Sachs Research …being driven by ambitious EV targets by governments and auto makers For personal use only Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX) 12
Slide 13: Battery Testing Services Inc.
For personal use only Battery Testing Services Inc. • NOVONIX Battery Testing Services Inc (BTS) is based in Canada and was spun out of Dr Jeff Dahn’s lab at Dalhousie University (DAL) in 2013 • NOVONIX BTS manufactures the most accurate battery cell test equipment in the world used by leading batte
Slide 14: Battery Testing Services Inc. - Cell Cycling
For personal use only Battery Testing Services Inc. Cell Cycling Why do cells fail this way? Cycles flat Dies Quickly Capacity Use HPC (High Precision Coulometry) to determine this point. What can you do? • High Precision Coulometry • Measure loss of electrons per cycle due to oxidation/reduction of
Slide 15: Coulombic Efficiency and Cell Life: Rapid NOVONIX HPC
0 4 8 12 16 20 2400 11.91 mAh/cycle Cap. (mAh) 3.956 mAh/cycle Ch. End. 2300 5.333 mAh/cycle 2.754 mAh/cycle For personal use only 2200 2100 Battery Testing Services Inc. 1 Coulombic Efficiency 0.996 CE & Cell Life: Rapid NOVONIX HPC TEST METHODS Capacity Loss 0.992 • Highest CE = longest life 2.2 C
Slide 16: Battery Testing Services Inc. - breakthrough technology
For personal use only Battery Testing Services Inc. Developing breakthrough technology designed to help battery researchers invent safer - longer life - faster recharging battery cells As limits are pushed swelling of battery cells is a major issue • NOVONIX is developing non-destructive methods to
Slide 17: Battery Testing Services Inc. - Progress and priorities
For personal use only Battery Testing Services Inc. Progress and priorities • Strong sales flow from existing customers now wanting to expand their NOVONIX systems • Consistent flow of new customers including some very big global brand names • Expanding manufacturing to meet increasing demand for ou
Slide 18: PUREgraphite
For personal use only • USA based Joint venture between NOVONIX and Coulometrics est in 2017 • Focused on production of graphite anode materials for lithium-ion batteries promoting: • Lower Cost • Sustainability • Longer Life • Security • Higher Charge Rate • Safety Dr Ed Buiel - CEO Tuesday, 21 Nov
Slide 19: Intellectual Property
Intellectual Property For personal use only • PUREgraphite is commercialising intellectual property and trade secrets developed by Coulometrics and its founder Dr Edward Buiel over more than two decades and including the development of proprietary particle coating technology and spherical graphite p
Slide 20: Improvements in lithium-ion battery performance and manufacturing
Improvements in lithium-ion battery For personal use only performance and manufacturing • Most recent improvements in lithium- ion batteries has come from improvements in the cathode, electrolyte, separator and manufacturing • The anode has been overlooked and now presents a key area for further imp
Slide 21: In-house knowledge of artificial and natural graphite sources
We have world wide experience in electrochemical testing For personal use only of natural and artificial graphite sources for suitability in lithium-ion batteries In-house Knowledge of Artificial and Natural Graphite Sources • We are well advanced in selecting our preferred supply for our proprietar
Slide 22: Rapid battery materials R&D process
We have a rapid battery materials R&D process For personal use only Material Development Slurry HPC Testing Formulation Electrode Cell Assembly Coating Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX) 22
Slide 23: Commercial grade battery making facilities
We have commercial grade battery making For personal use only facilities Production Scale Coating Electrode Roll Pressing Cell Winding Tuesday, 21 November 2017 NOVONIX Limited (ASX:NVX) 23
Slide 24: Our battery anode materials can deliver superior performance
For personal use only Our battery anode materials can deliver superior performance • PUREgraphite can customize anode materials to deliver optimal performance for specific customer applications including Electric Vehicles, Energy Storage, Aerospace, Aviation, Military, Medical and electronics • We c
Slide 25: Product designs and production methods for lower cost and emissions
For personal use only Our product designs and production methods are expected to deliver lower cost and lower emissions Proprietary blends of • Proprietary blends of artificial and natural graphite artificial & specific to customer applications natural • Integrated high efficiency, high throughput a
Slide 26: Pathway to Production / Progress
For personal use only Pathway to Production / Progress • Upgrade to existing facilities to accommodate initial production • Refinement of production process design and assessment of production plant equipment and process service options • Selection, construction and installation of production plant
Slide 27: Short Term Milestones / Goals
For personal use only Short Term Milestones / Goals • On track to have a pilot production plant installed, commissioned and producing small quantities before year end including jet mill, shaping mill, furnace and coating equipment • Good progress toward establishing a 1,000 tpa production capability
Slide 28: Investment Summary
INVESTMENT SUMMARY For personal use only Established brand in the rechargeable lithium-ion battery industry • NOVONIX is an established brand name known for making the most accurate battery cell test equipment in the world Global footprint of blue-chip customers and sales in 12 countries • Our batte
Slide 29: Contact
For personal use only CORPORATE BATTERY EQUIPMENT & BATTERY MANUFACTURING Brisbane, Queensland, AUSTRALIA TECHNOLOGY FACILITY Contact: Philip St Baker Dartmouth, Nova Scotia, CANADA Chattanooga, Tennessee, USA Email: phil@novonixgroup.com Contact: Dr Chris Burns Contact: Dr Edward Buiel Level 12 – 1