Calix Ltd. · ASX:CXL
Calix — Investor Presentation (December 2024)
33 slides from Calix's investor presentation, Dec 9, 2024
Slide 1: Investor Presentation: $20m Placement & $5m Share Purchase Plan
Investor Presentation $20m Placement & $5m Share Purchase Plan December 2024 MARS IS FOR calix.global QUITTERS
Slide 2: Contents
Contents 1 Highlights 3 2 Equity Raising Overview 7 3 Recent Highlights & Outlook 13 Appendix A Key Risks 17 Appendix B International Offer Restrictions 24 Appendix C Disclaimer 26 2
Slide 3: Investment highlights
Investment highlights • Global recognition and support to reduce carbon emissions is a focus of government policies to drive decarbonisation initiatives Strong across Europe, USA and Asia Pacific decarbonisation • Policy support in the forms of carbon penalties, tariffs and mandated carbon reduction
Slide 4: About Calix
About Calix Solving global challenges Electrification of industrial processing | Capture of unavoidable emissions | Sustainable environmental solutions Calix Limited is an environmental technology company solving urgent global challenges in industrial decarbonisation and sustainability. 7 COUNTRIES
Slide 5: Calix's core platform technology
Calix’s core platform technology A new way to “heat stuff up” CO2 captured Carbon Capture Pre-ground minerals when processing carbonate materials Unavoidable process CO2 emissions from cement & lime production & CO2 from the atmosphere are captured for use or storage. Calciner tube radiates heat to
Slide 6: Calix's company structure
Calix’s company structure One core platform technology with multiple applications for global industries Platform output Carbon Capture Sustainable Processing Magnesia Business Pilbara subsidiary Minerals UJV ZEAL Application Cement & lime Direct Air Capture Lithium Alumina Iron & steel Water Targeti
Slide 7: Equity Raising Overview
Equity Raising Overview 7
Slide 8: Capital raise rationale
Capital raise rationale Continue to invest in the team and capabilities, whilst maintaining momentum on commercialisation and near term revenue opportunities • Government policy continues to support industrial decarbonisation and is set to increase pressure on technology adoption over time1 Market p
Slide 9: Use of funds
Use of funds Calix has identified several key areas for near-term revenue opportunities Use of funds (AU$) • Maintain capabilities to deliver a rapid restart to the Pilbara Minerals (ASX:PLS) JV midstream project – Capex requirement funded through current balance sheet Support of Lithium – Project i
Slide 10: FY25 KPI dashboard targets
FY25 KPI dashboard targets Key priorities – Initiatives driving revenue growth ● On track ● On Hold ● Watch point ● Pause KPI Dashboard Targets for FY25 Corporate 10% ● Corporate Affairs, Sustainability, People & Culture KPIs Carbon Capture Sustainable Processing Magnesia 30% 30% 30% ● Leilac-2 – En
Slide 11: Offer summary
Offer summary ~A$20.0 million equity raising • Calix is seeking to raise A$20 million by issuing approximately 26.7 million new ordinary fully paid shares (“New Offer Size and Structure Shares”) in the Company by way of a single tranche institutional placement (the “Placement”). The Placement will f
Slide 12: Indicative timetable
Indicative timetable Event Indicative Date¹ Record Date for eligibility to participate in SPP 7:00pm, Thursday, 5 December 2024 Trading halt and launch of Placement Friday, 6 December 2024 Trading halt lifted and announcement of completion of Monday, 9 December 2024 Placement Dispatch SPP Offer Docu
Slide 13: Recent Highlights & Outlook
Recent Highlights & Outlook 13
Slide 14: ZESTY wins global Net-Zero Industry Award at COP29
ZESTY wins global Net-Zero Industry Award at COP29 ZESTY wins COP29 global Net-Zero Industry Award for Outstanding Project The award was presented by Ministers Chris Bowen (Australia) and Leonore Gewessler (Austria). Organised by Mission Innovation’s Net-Zero Industries Mission: • The Mission is led
Slide 15: Indicative project & revenue timeline
Current Revenues Investments Indicative project & revenue timeline Target Revenues Project / TIMELINE Business Partners Industry Product 2022 2023 2024 2025 2026 2027 2028 Leilac-2 Cement Secured grant funding Targeted financing / working capital cover Target first license revenues Lime & Zeta Cemen
Slide 16: FY25 strategy & priorities summary
FY25 strategy & priorities summary Focus on priority industries, self-funding demonstration projects, revenue generation and diligent cost management • In October 2024 we: – Paused activity in Magnesia ‘specialties/biotech’ and magnesium metal (in addition to batteries in January 2024) Reduced cost
Slide 17: Key Risks
Key Risks 17
Slide 18: Risks Specific to an Investment in Calix (1/6)
Risks Specific to an Investment in Calix (1/6) All investments carry risk, including loss of some or all of the capital invested and failure of investments to generate a positive return. You should carefully consider whether an investment in Calix is a suitable investment for you. Some of the risks
Slide 19: Risks Specific to an Investment in Calix (2/6)
Risks Specific to an Investment in Calix (2/6) All investments carry risk, including loss of some or all of the capital invested and failure of investments to generate a positive return. You should carefully consider whether an investment in Calix is a suitable investment for you. Some of the risks
Slide 20: Risks Specific to an Investment in Calix (3/6)
Risks Specific to an Investment in Calix (3/6) All investments carry risk, including loss of some or all of the capital invested and failure of investments to generate a positive return. You should carefully consider whether an investment in Calix is a suitable investment for you. Some of the risks
Slide 21: Risks Specific to an Investment in Calix (4/6)
Risks Specific to an Investment in Calix (4/6) All investments carry risk, including loss of some or all of the capital invested and failure of investments to generate a positive return. You should carefully consider whether an investment in Calix is a suitable investment for you. Some of the risks
Slide 22: Risks Specific to an Investment in Calix (5/6)
Risks Specific to an Investment in Calix (5/6) All investments carry risk, including loss of some or all of the capital invested and failure of investments to generate a positive return. You should carefully consider whether an investment in Calix is a suitable investment for you. Some of the risks
Slide 23: Risks Specific to an Investment in Calix (6/6)
Risks Specific to an Investment in Calix (6/6) All investments carry risk, including loss of some or all of the capital invested and failure of investments to generate a positive return. You should carefully consider whether an investment in Calix is a suitable investment for you. Some of the risks
Slide 24: International Offer Restrictions
International Offer Restrictions 24
Slide 25: International Offer Restrictions
International Offer Restrictions INTERNATIONAL OFFER RESTRICTIONS This document does not constitute an offer of Shares of Calix in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the Shares may not be offered or sold, in any coun
Slide 26: Disclaimer
Disclaimer 26
Slide 27: Important Disclaimer
Important Disclaimer IMPORTANT NOTICES to make any statement in this presentation and there is no statement in this presentation that is based on any statement by any of them. The following disclaimer applies to this presentation. Please consider its contents carefully. By accepting this presentatio
Slide 28: Important Disclaimer
Important Disclaimer FINANCIAL INFORMATION This presentation contains certain financial information that has been presented in an abbreviated form insofar as it does not include all the presentation and disclosures, statements or comparative information as required by the Australian Accounting Stand
Slide 29: Mars is for quitters
Investor relations Media enquiries Investorrelations@calix.global media@calix.global calix.global Subscribe to our Newsletter Mars is for quitters
Slide 30: Glossary
Glossary Term Meaning Aluminium (Al) Chemical element with the symbol Al Antimicrobial Antimicrobial products kill or slow the spread of microorganisms, including bacteria, viruses and fungi. AMR Antimicrobial resistance – the development of resistance in bacteria, viruses, fungi and parasites to an
Slide 31: Glossary
Glossary Term Meaning CRC Cooperative Research Centre – Australian Government supported industry-led collaborative research centres CRC SAAFE Cooperative Research Centre Solving Antimicrobial Resistance in Agribusiness, Food, and Environments DAC Direct Air Capture – the extraction of carbon dioxide
Slide 32: Glossary
Glossary Term Meaning Hematite A mineral that is an ore of iron HILT CRC Heavy Industry Low-carbon Transition Cooperative Research Centre Hydrometallurgy A metal recovery method used to obtain metals from ores and waste materials HyGATE German-Australian Hydrogen Innovation and Technology Incubator
Slide 33: Glossary
Glossary Term Meaning MHL Magnesium Hydroxide Liquid MOU Memorandum of Understanding Nanoporous A material with a regular, porous structure, with a pore size generally less than 100 nanometres. Pelletisation The formation of pellets from finer materials to aid in handling PLS Pilbara Minerals, an Au