Calix Ltd. · ASX:CXL
Calix — Macquarie Bank Emerging Leaders Investor Presentation (November 2019)
17 slides from Calix's conference presentation, Nov 27, 2019
Slide 1: Macquarie Bank Emerging Leaders Investor Presentation
Macquarie Bank For personal use only Emerging Leaders Investor Presentation NOVEMBER, 2019 Solving global challenges
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). INVESTMENT RISK An investment in Calix securities is subject to investment and other known and unknown risks, some of which are For personal use only SUMMARY INFORMATION beyond the
Slide 3: Contents
• Calix Limited: Investment Highlights For personal use only Contents FY19 Results Overview Calix’s Business Future Batteries Industries CRC FY20 – A Great Start Looking Ahead – Key Milestones
Slide 4: Calix Limited Investment highlights
Calix Limited Investment highlights For personal use only Cashflow Positive Partnering with Patented Platform Highly Experienced Team Global Majors Technology Personally Invested Growing Revenues Funded Development Zero Debt Pipeline Highly Scalable Multiple, multi x $b verticals … WATER and AQUACUL
Slide 5: Results overview
Results overview For personal use only * Normalised EBITDA adjusts reported EBITDA for impairment of LEILAC Consortium expenses reported as research and development expense.
Slide 6: Three-fold strategy for short, medium and longer term value
Three-fold strategy for short, medium and longer term value… For personal use only 1 2 3 Growing Sales Revenues Developing Licensing Incomes Funded Innovation ESTABLISHED VALUE CHAIN Myrtle Springs 25kTpa Reactor – Satellite Hydration LEILAC: CO2 capture New “BATMn” Reactor mine - SA Bacchus Marsh “
Slide 7: The core technology – a new type of kiln
The core technology – a new type of kiln Two key benefits… For personal use only 1 CO2 Capture When processing limestone, gas exhaust is pure CO2 2 Low Cost + Very High Surface Area (Reactive) Products High reactivity = better products + new markets >$50m has been invested to date in developing our
Slide 8: Growing sales revenues in water and wastewater
1 Growing sales revenues in water and wastewater For personal use only AUS / NZ Growth Export sales commence Sewer odour and fat control, increase biogas production, 48% asset protection… 34% 5 year CAGR Q1 FY20 PCP Business model Acquisition • Direct sales growth • US acquisition of IER announced O
Slide 9: Growing sales revenues in aquaculture
1 Growing sales revenues in aquaculture For personal use only SE ASIA Chinese Market Entry Prawns… Water conditioner: - prawn farming- 251% for yield boost - lake remediation Revenue Growth FY18 to FY19 Business model New markets • Distributors – 3 established, covering Hong Freshwater lake remediat
Slide 10: Developing licencing incomes in crop protection
2 Developing licencing incomes in crop protection For personal use only New product Extensive testing • Safe, environmentally friendly Successful 4th year Australian • 1/5 the price point of average pesticide / and European summer trials. Crop protection fungicide. APVMA submission being for agr
Slide 11: Funded innovation in CO2 mitigation
3 Funded innovation in CO2 mitigation For personal use only CO2 Mitigation Drivers Industry-backed CO2 mitigation for lime and cement Solvay joins the consortium Sep 2019 Business model €12m EU - Funded • Secure funding for next scale-up • LEILAC Consortium formed by Calix to develop • Prove technol
Slide 12: Funded innovation in advanced battery development
3 Funded innovation in advanced battery development For personal use only Why better batteries Calix ‘BATMn’ technology • Rapid growth in electric vehicles and • Controlled porosity materials renewable energy. = better performance • Issues around cost, capacity, safety and • New BATMn Reactor built
Slide 13: Advanced battery development: rapidly expanding programs
3 Advanced battery development … rapidly expanding programs For personal use only January 2017 August 2018 August 2019 Initial testing – Manganese Calix joins longer-term R&D, Calix leads medium-term R&D Battery patent filed training and development product development $6.5m program $9.4m program CR
Slide 14: A great start to FY20
Three-fold strategy for short, medium and longer term value… For personal use only 1 2 3 Growing Developing Funded Sales Licensing Innovation Revenues Incomes A GREAT START TO FY20 RAPID GROWTH FIRST LICENSE BATTERY FUNDING Q1 FY20: Sales Revenues up August: Crop protection August: $3m funding from
Slide 15: From promise to reality – Key milestones ahead
From promise to reality – Solving Global Challenges Key Milestones ahead For personal use only Improving the sustainability of water treatment • Close IER acquisition by end-Dec 2019, secure 5-fold increase in annualised sales revenue* • Exploit IER synergies – logistics, product quality, technology
Slide 16: IPO July 2018 share structure
ASX: CXL IPO July, 2018 For personal use only As at 18 Nov 2019 Major shareholders As at 18 Nov 2019 Shares on issue ~147.4m Board & Management 17.5% Share price for IPO Capital Raise $0.53 per share Och-Ziff Capital Management 16.3% Share price on IPO $0.62 per share Perennial Value Management 12.6
Slide 17: Because there's only one Earth
For personal use only Because there’s only one Earth… …Mars is for quitters
Calix — Macquarie Bank Emerging Leaders Investor Presentation (November 2019) on 6ix