Martinrea International Inc. · TSX:MRE
Martinrea International — VoltaXplore — Corporate Update (April 2022)
29 slides from Martinrea International's corporate update, Apr 5, 2022
Slide 1: Battery Day
” Battery Day April 5, 2022 aa VoltaXplore
Slide 2: Battery Day Agenda
Battery Day Agenda ― Welcome and Introductions ― Safety Briefing ― Tour of Demonstration Facility ― Presentation ― Question and Answer Session ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 2
Slide 3: VoltaXplore Team
VoltaXplore Team Chairman, VoltaXplore CEO, VoltaXplore Pat D’Eramo Soroush Nazarpour President and CEO Founder and CEO Martinrea International Inc. NanoXplore, Inc. Rob Wildeboer Executive Chairman Mohsen Badv, M.Eng, PMP Martinrea International Inc. Director, Battery Technology Vice Chairman Volta
Slide 4: Special Note Regarding Forward-Looking Information
Special Note Regarding Forward-Looking Information Special Note Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of applicable Canadian securities laws including statements and expectations related to expectations of the benefit of graphen
Slide 5: An Overview
An Overview ― Manufacturer and supplier of advanced ― Leading Tier One automotive supplier in components and solutions based on lightweight structures and propulsion proprietary graphene technology systems ― Largest graphene producer in the ― One of the fastest growing automotive world, with approxi
Slide 6: An Overview
An Overview ― VoltaXplore is a Canadian Li-Ion Battery manufacturer for electric transportation and grid storage ― Joint venture between NanoXplore, Inc. (TSX:GRA) and Martinrea International Inc. (TSX:MRE) ― VoltaXplore benefits from NanoXplore’s proprietary graphene anode technology ― VoltaXplore
Slide 7: Battery Day Agenda
Battery Day Agenda ― Welcome and Introductions ― Safety Briefing ― Tour of Demonstration Facility ― Presentation ― Question and Answer Session ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 7
Slide 8: Plant Tour – Safety Briefing
Plant Tour – Safety Briefing ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 8
Slide 9: Battery Day
Battery Day ― Welcome and Introductions ― Safety Briefing ― Tour of Demonstration Facility ― Presentation ― Question and Answer Session ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 9
Slide 10: VoltaXplore Demonstration Facility
VoltaXplore Demonstration Facility 74 Brunswick Blvd, DDO, Montreal Commissioning is done. Production started in March 2022. 18650 cylindrical battery production facility with 1MWh capacity ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 10
Slide 11: 1 MWh Demonstration Facility
1 MWh Demonstration Facility ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 11
Slide 12: 1 - Electrode Coating and Tab Welding
1 - Electrode Coating and Tab Welding ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 12
Slide 13: 2 - Jelly Roll and Insulator Insertion
2 - Jelly Roll and Insulator Insertion ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 13
Slide 14: 3 - Electrolyte Filling and Assembly
3 - Electrolyte Filling and Assembly ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 14
Slide 15: 4 - Formation
4 - Formation ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 15
Slide 16: Battery Day
Battery Day ― Welcome and Introductions ― Safety Briefing ― Tour of Demonstration Facility ― Presentation ― Question and Answer Session ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 16
Slide 17: VoltaXplore Timeline
VoltaXplore Timeline 2021 Early 2022 Mid-2022 Mid-2024 Secure Commissioning Start construction on a SOP of first phase Demonstration and SOP of two GWh battery plant (two GWh facility) facility Demonstration to start production in facility 2024, conditional on validated economics, financing, and sit
Slide 18: Challenges With Existing Battery Technologies
Challenges With Existing Battery Technologies Range anxiety Rapid charging Extreme Batteries today are highly dependent continues to causes battery temperatures on Cobalt prevent broader degradation, (cold or hot) — Cobalt is rare and expensive adoption of which reduces will increase — Battery techn
Slide 19: North American Battery Initiatives
North American Battery Initiatives 1 ©2022 Confidential and proprietary. Do not distribute or copy. 1 CICenegiGune analysis: https://cicenergigune.com/en/blog/world-map-gigafactories Battery Day | 19
Slide 20: Li-ion Battery Supply Chain
Li-ion Battery Supply Chain VoltaXplore VoltaXplore VoltaXplore customers Suppliers Lithium - AAM Cylindrical Transportation Nickel (NanoXplore) cells Defence Iron - CAM 18650 Grid Storage Cobalt - Electrolyte & Silicon - Separator 21700 Graphite - Insulator Manganese - Conductive Additive - Solvent
Slide 21: Spotlight on Graphene in Batteries
Spotlight on Graphene in Batteries ― Graphene as an additive ― Graphene as an active material • Carbon black replacement: Replacing • Silicon anode: Silicon anodes are 10 times conductive carbon black in both anodes and more efficient than graphite, though their cathodes enables faster charging. Cur
Slide 22: Advantages of Graphene-Enhanced Batteries
Advantages of Graphene-Enhanced Batteries ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 22
Slide 23: Charge/Discharge Capacity Map
Capacity Map 35 Competitor 1 VoltaXplore 30 range of performance Charge/Discharge [A] 25 Competitors 20 with similar cycle life 15 10 Competitors with short Competitor 2 5 cycle life 0 2 2.5 3 3.5 4 Capacity [Ah] ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 23
Slide 24: Product Offering
Product Offering 18650 Battery cells: 21700 Battery cells: We are capable of producing batteries with We are looking to build 21700 cells in different chemistries and designs: the Gigafactory. 21700 cells have 50% more capacity than 18650 cells. Design 1: LFP with Graphite/Graphene Low cost, low per
Slide 25: Markets
Markets Transportation and Heavy Military and Defense Grid Storage Commercial Vehicles ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 25
Slide 26: Cost/kwh at Cell Level ($US)
Cost/kwh at Cell Level ($US) ― Batteries need to become cheaper, pack more density, be safer and reduce dependency on Cobalt ― The cost of a battery in 2021 was approximately US$130/kwh ― VoltaXplore is targeting to reduce this cost by enabling denser cylindrical cells, minimizing the use of cobalt,
Slide 27: Estimated Project Economics ($CAD)
Estimated Project Economics ($CAD) Plant Capacity: 2 GWh Production Capacity of 21700 cells: 130M 180 cells/year in 400,000 sq. ft. facility (around 400 170 Cost per KWh (USD) 160 employees) 150 2024 140 - Full CAPEX: CAD$450M 130 120 2026 110 - Annual Revenue: CAD$500M (CAD$3.80/cell) 100 90 0 2 4
Slide 28: Battery Day
Battery Day ― Welcome and Introductions ― Safety Briefing ― Tour of Demonstration Facility ― Presentation ― Question and Answer Session ©2022 Confidential and proprietary. Do not distribute or copy. Battery Day | 28
Slide 29: Battery Day
” Battery Day April 5, 2022 aa VoltaXplore