Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (March 2023)
27 slides from Electrovaya's investor presentation, Mar 24, 2023
Slide 1: General Corporate Presentation
General Corporate Presentation March 24th, 2023 Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF)
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements, including statements that relate to, among other things, the effect of the COVID-19 public health emergency on the Company’s operations, its employees and other stakeholders, including on customer demand, supply chain, and delivery sc
Slide 3: Our Mission
Our Mission To accelerate the energy transition with safer and better batteries through technology advancement Electrovaya © 2023 3
Slide 4: Technology Solutions
Technology Solutions Electrovaya complementary technologies targeting the various EV applications. Infinity batteries provides industry leading longevity and SSBs provides industry leading energy density Infinity Batteries Solid State Batteries Commercial today In late stage development Global partn
Slide 5: Electrovaya at a Glance
Electrovaya at a Glance Focused Lithium Ion Solutions based on proprietary competitive advantages Success Based on Innovation Industry Leader Top-tier Customer Base Unparalleled Experience 1st to provide the safest Fortune 100 customers and 25+ years of experience multi-million-mile batteries' leadi
Slide 6: About Electrovaya: Our locations
About Electrovaya: Our locations 6 ● Headquarters: 63,000 Sq feet Facility in Mississauga, ON ● Pack assembly & engineering development ● Capacity is approx 150 MWh (300 MWh by 2023) ● Electrovaya Labs: 25,000 Sq feet facility in Mississauga, ON ● Cell technology development & scale up ● US Manufact
Slide 7: Electrovaya Capabilities
Electrovaya Capabilities Electrovaya expertise and capabilities includes designing and manufacturing lithium ion batteries cells / Modules / Packs / Battery systems and other battery-related products (BMS) Cell Module Pack High Voltage battery systems 9S2P Mod le ule odu 6PM 1S Material handling bat
Slide 8: Market Opportunity Summary: Infinity Platform
Market Opportunity Summary: Infinity Platform Global Lithium-Ion battery Market size North American TAM % .1 13 ~US$ 9 Bil ~US$ 0.45 Bil R CAGR 10.4% CAGR 40.28% G CA 2022-2030 2022-2027 ~US$ 3 Bil ~US$ 1 Bil 2021 2027 CAGR 26.39 % CAGR 24.4% 2020-2026 2021-2027 Market size USD Billion Source: Grand
Slide 9: Infinity Batteries: Proven technology
Infinity Batteries: Proven technology Lithium-ion ceramic cells with highest cycle life and safety setting the industry standards. Material Handling Equipments OEM Partners (not a full list) High Cycle Life Lowest Cost of Ownership Autonomous Guided Robots Safety OEM Partners (not a full list) Zero F
Slide 10: Multi-Million-Mile Batteries
Multi-Million-Mile Batteries Electrovaya Patented Technology provides the longest Cycle life in Industry: Electrovaya batteries can operate for >25 years with 1 cycle/day Third party testing: E-forklift battery performance from Fortune 100 customer: Electrovaya batteries lifetime VS competitors Elec
Slide 11: Competitive Advantage
Competitive Advantage Electrovaya prides itself by providing leading edge Lithium ion battery cells and systems Longevity Superior Safety Modular Approach Lowest cost of ownership Using patented innovations we Proprietary fire propagation Performance Oriented System design Best Cycle Life + superior
Slide 12: Commercial Ecosystem: Material Handling & AGVs
Commercial Ecosystem: Material Handling & AGVs End Users Examples (not a complete list) Retail & Manufacturing OEM Customers Food distribution eCommerce *Confidential User Logistics Electrovaya © 2023 12
Slide 13: Material Handling Sales Cycle: Anchor Customers
Material Handling Sales Cycle: Anchor Customers Electrovaya continues to seed new large end customers while growing the demand with additional key customers. To date the company has received orders from 10 Fortune 100 Companies and many more Fortune 500 companies. Customer Type Opportunity size Year
Slide 14: Superior Safety
Superior Safety Multi-level cell and system safety technology with end result being a non-propagating battery design Electrovaya Ceramic vs Coated PO Separator 25°C 143°C 188°C ELV Coated PO ELV Coated PO ELV Coated POCoated PO < 1% shrinkage @ 200 °C Third Party fire propagation test An Electrovaya
Slide 15: High Voltage battery systems - Approach
High Voltage battery systems - Approach ➔ Electrovaya is currently focusing on launching a new product line: High-Voltage Battery Systems. ➔ Targeted : E-Buses, E-Trucks & ESS ➔ Goal: to provide domestically produced battery systems with cutting edge safety and performance. Advanced automated module
Slide 16: High Voltage battery systems - Launching 2023
High Voltage battery systems - Launching 2023 Advanced customized packaging technology for demanding application Energy Storage Systems Electrovaya HV batteries designed for High Cycle Life & Safety high performance stationary Lowest Cost of Ownership applications. Modular Design Tailored for specifi
Slide 17: Technology Solutions
Technology Solutions Electrovaya complementary technologies targeting the various EV applications. Infinity batteries provides industry leading longevity and SSBs provides industry leading energy density Infinity Batteries Solid State Batteries Commercial today In late stage development Global partn
Slide 18: Next Gen Solid State batteries: Energy density
Next Gen-Solid State batteries EV penetration in the global vehicle market 2022 2035 400 ELV Solid State Energy density (Wh/Kg) 2-3% 85% of new cars 300 Limitation of conventional LIBs Battery Requirements for E-cars adoption NMC** ELV 200 Energy Density > 350 Wh/Kg (>750 Wh/L) Infinity - NMC LFP**
Slide 19: Solid-State Batteries: Electrovaya's Approach
Solid-State Batteries: Electrovaya’s Approach Solid State battery platform with versatile proprietary technology Four Solid State Battery Related Patents Filed Hybrid Lithium Metal SSB Lithium Metal SSB “Anode-Free” SSB Thin Lithium Metal anode Thin Lithium Metal anode No Standalone Lithium Electrod
Slide 20: Jamestown Gigafactory Update
Jamestown Gigafactory Update 130,000 sqft $0.05/kWh Industrial Facility Energy Cost The Gigafactory Plant in Jamestown, NY will allow 100% <3 hours Electrovaya to onshore manufacturing and streamline Renewable Energy Travel to HQ and Key supply chains to support projected battery demands Customer Ba
Slide 21: 2023 Target Milestones
2023 Target Milestones Meet or Exceed our Financial Guidance of $42 million in revenue Complete Financing for the Jamestown NY Gigafactory Profitability for FY 2023 NASDAQ Listing Continue to grow orders, enter new markets and establish new relationships Electrovaya © 2023 21
Slide 22: Financials
Financials FY2023 revenue target ~$42 million (~C$56 million)** * Non-IFRS Measure: Adjusted EBITDA does not have a standardized meaning under IFRS. Therefore it is unlikely to be comparable to similar measures presented by other issuers. We believe that certain investors and analysts use Adjusted E
Slide 23: Capital share structure
Capital share structure Ticker: TSX:EFL Ticker: OTCQB:EFLVF Shares Outstanding* : 164,836,334 Shares Outstanding* : 164,836,334 Share Price* : CAD $1.02 Share Price* : USD $0.75 Market Cap* : CAD $168,133,061 Market Cap* : USD $123,627,251 Insider Ownership: ~ 35% Insider Ownership: ~ 35% * Stock pr
Slide 24: Electrovaya Summary
Electrovaya Summary Pure Play Battery Tech/Manufacturing Leading Partners Electrovaya is a Pure Play North American Lithium ion Electrovaya has strong OEM relationships with some of Battery Technology and Manufacturing company on track the leading industrial vehicle manufacturers and for Rapid Growt
Slide 25: Management team
Management team Dr. Raj S. Das John Gibson, Dr. Jeremy Dr. Elmira Jason Roy, Director, Corporate Gupta, CFO Dang, Memarzadeh Development and CEO, Director VP, Business & Project Director, Engineering Investor Relations Development Programs Electrovaya © 2023 25
Slide 26: Board of Directors
Board of Directors Prof Carolyn Dr. James Dr. Sankar Das Kartick Kumar, Hansson, Jacobs, Gupta, Director Director Director Executive Chairman Electrovaya © 2023 26
Slide 27: Investor & Media queries, please contact
Investor & Media queries, please contact: Jason Roy Director, Corporate Development & Investor Relations Phone: 905-855-4618 Email: jroy@electrovaya.com Web: www.electrovaya.com Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF)