Slide 1: Annual General Shareholder Meeting
30 June 2020 Management Presentation Business Update Annual General Shareholder Meeting
Slide 2: Agenda
2019 FINANCIAL SUMMARY BUSINESS UPDATE STRATEGIC REORGANIZATION TO DELIVER PROFITABLE GROWTH GOING FORWARD SUPPLEMENTARY INFORMATION AGENDA
Slide 3: 2019 Financial Summary
2019 FINANCIAL SUMMARY* *For complete 2019 Financial Presentation, please see « 2019 Financial Presentation »
Slide 4: Business Update
BUSINESS UPDATE… …5 years in the making of the New Leclanché
Slide 5: Video: Leclanché eMarine movie
Video Click to see Leclanché eMarine movie
Slide 6: Trusted by fleet electric vehicle customers worldwide
Trusted by fleet electric vehicle customers worldwide • e-Transport Business is set to grow by 6 to 10 times in the year 2020. Marine transport customers • An order book of CHF 90 million to be delivered between 2020-2022. Recurring revenue trajectory underpinned by Master Supply Agreements. • T
Slide 7: Trusted by fleet electric vehicle customers worldwide
Trusted by fleet electric vehicle customers worldwide The Company is among the market leaders in the Marine electrification market Marine transport customers • Unique integrated on-board battery systems and charging infrastructure for Ports/ Harbors. B U S I N E S S U P D AT E - 5 y e a r s i n t h
Slide 8: Video: Leclanché railway movie
Video Click to see Leclanché railway movie
Slide 9: Trusted by fleet electric vehicle customers worldwide
Trusted by fleet electric vehicle customers worldwide • Business revenues of more than 100m € over Ground transport customers the next 5 years with Bombardier Transportation. TRAIN • Significant momentum in the Truck electrification market leveraging the success BUS with TOYOTA. TRUCK • Large opp
Slide 10: Trusted by fleet electric vehicle customers worldwide
Trusted by fleet electric vehicle customers worldwide Ground transport customers The Company is now well positioned to address more than 40% of the Train electrification market TRAIN • Strategic partnership with Bombardier as BUS the preferred global provider of Battery systems. TRUCK • Recently wo
Slide 11: Trusted by utilities and transmission system operators worldwide
Trusted by utilities and transmission system operators worldwide • In-house Energy Management Software (EMS) and Systems Integration expertise. • Full Battery Energy Storage System provider. • Turnkey EPC* model for project delivery. • More than 100MWh of projects commissioned. • BOO** model for Ene
Slide 12: Technology to products
Technology to products Lithium-ion BMS** & Modules 3rd Party# Systems Battery Cells Packs & Racks Integration B U S I N E S S U P D AT E - 5 y e a r s i n t h e m a k i n g : t h e N e w L e c l a n c h é
Slide 13: Highest level of certifications
Highest level of certifications Corporate Certifications Industry Certifications • ISO 9001:2015 • Marine type approvals Quality management System • ISO 14001:2015 Environmental management System • ISO 45001:2018 Occupational health and safety management system • Railways applications Stage 1 passed
Slide 14: Proven performance in the field
Proven performance in the field Leclanché has secured its position among the best in the industry in terms of energy density and cycle As of April 2020, our systems lifetime with the introduction have completed: of the new G-NMC 60Ah cells • more than 36’000 • 210 Wh/kg and 420 kilometers of marine
Slide 15: Strategic Reorganization
STRATEGIC REORGANIZATION To deliver profitable growth
Slide 16: Structurally addressing the issues impacting profitability
Structurally addressing the issues impacting profitability Energy Storage Business, with in-house production of Lithium Ion Cells, requires a critical-size to deliver profitable growth • Increasing Capital expenses (Capex) funding need for Simultaneous investment in Production production capacity ex
Slide 17: Solid fundamentals to deliver profitable growth
Solid fundamentals to deliver profitable growth Partnership with Eneris Group secures access to large production capacity to support large and growing order book • Eneris to invest CHF 53 million in capacity expansion in Production Joint Ventures (JV) in Germany and Switzerland... plus • Access to f
Slide 18: Solid fundamentals to deliver profitable growth
Solid fundamentals to deliver profitable growth Leclanché innovation, in partnership with Eneris Group, maximizes the gross margin • Second strong industrial endorsement, after Exide Industries Limited for India JV : Eneris to license Leclanché technologies for its factory in Poland with a payment o
Slide 19: Solid fundamentals to deliver profitable growth
Solid fundamentals to deliver profitable growth Strategic reorganization, in partnership with Eneris Group, ensures predictable growth • Securing working capital: Eneris has confirmed CHF 21 million in working capital loan. Terms for the second loan of CHF 21 million still to be agreed upon. • Intro
Slide 20: Solid fundamentals to deliver profitable growth
Solid fundamentals to deliver profitable growth Strategic reorganization pivots the Company to software and systems integration business model boosting the profitability • New Leclanché would have nearly 40% of its staff in Research & Innovation and Engineering • Clear operating model for investors-
Slide 21: Going Forward
GOING FORWARD Energy Storage Solutions
Slide 22: The new Leclanché Journey goes into Giga-scale business now
The new Leclanché Journey goes We continue to build the business undeterred by into Giga-scale business now… current challenges Being realistic about the current Covid-19 situation, we shall not provide any guidance for the year 2020 We are committed to delivering profitable • On an average producti
Slide 23: The new Leclanché Journey goes into Giga-scale business now
The new Leclanché Journey goes We continue to build the business undeterred by into Giga-scale business now… current challenges • The decision to add BOO business line shall add material positive EBITDA to the Company’s financial results from 2022 onward. Thus, making the Company more investable by
Slide 24: Thank You for your patient Investment and the continued Trust
Thank You for your patient Investment and the continued Trust We are on a clear path to deliver profitable growth. www.leclanche.com
Slide 25: Supplementary Information
SUPPLEMENTARY INFORMATION Energy Storage Solutions
Slide 26: The 3 agreements with Eneris Group
The 3 agreements with Eneris Group LOAN AGREEMENT INDUSTRIAL AGREEMENT TECHNOLOGY AGREEMENT Providing working capital • Progressive investments of • Licensing of Leclanché’s financing of up to CHF 42 CHF 53 million for a technology to Eneris against million to fully fund the capacity expansion payme
Slide 27: New Operating Model Organization
MINORITY STAKE MAJORITY STAKE* LECLANCHÉ PROJECT STATIONARY SPECIALTY E-TRANSPORT ENERIS-LECLANCHÉ JOINT VENTURES BOO HOLDCO STORAGE BATTERIES SYSTEMS PROJECT INVESTMENT CUSTOM Willstätt Battery Factory BATTERY STORAGE CERTIFIED BATTERY BATTERY SYSTEM PACKS AND RACKS SYSTEM Yverdon Module Production
Slide 28: Disclaimer
Disclaimer S U P P L E M E N TA R Y I N F O R M AT I O N