Silex Systems Limited · ASX:SLX
Silex Systems — Non-Deal Roadshow (December 2013)
31 slides from Silex Systems's roadshow presentation, Dec 11, 2013
Slide 1: Silex Systems' US Roadshow Presentation
Silex Systems Limited A.C.N. 003 372 067 Level 8, Suite 8.03 56 Clarence Street Sydney NSW 2000 Australia PO Box 364 Sydney NSW 2001 Tel: + 61 2 9704 8888 For personal use only Fax: +61 2 9279 1051 www.silex.com.au Silex Systems’ US Roadshow Presentation 11th December, 2013 Dr Michael Goldsworthy, C
Slide 2: About Silex
About Silex For personal use only Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) is a world leader in research, development and commercialisation of leading edge technologies in key strategic markets, including nuclear power, solar power, semiconductor materials and instrumentation. Silex is a memb
Slide 3: Silex Systems Limited US Roadshow
For personal use only Silex Systems Limited US Roadshow Dr Michael Goldsworthy, CEO / Managing Director December 2013 © Silex Systems Limited 2013
Slide 4: Forward Looking Statements
P2 Forward Looking Statements For personal use only Silex Systems is a research and development Company whose assets are its proprietary rights in various technologies, including, but not limited to, the SILEX technology, Solar Systems technology and business, Translucent technology and ChronoLogic
Slide 5: Disclaimer
P3 Disclaimer For personal use only Silex Systems Ltd (Silex) has prepared this presentation based on information available to it. The information in this presentation does not purport to be a complete description of Silex and/or its various business activities. Except as required by law, no represe
Slide 6: Focus on Clean Energy
P4 Focus on Clean Energy For personal use only Silex Systems is a global clean energy company, focusing on the development and commercialisation of innovative and potentially disruptive energy technologies © Silex Systems Limited 2013
Slide 7: Silex Overview
P5 Silex Overview For personal use only Market Data Top Shareholders* Market Cap* ~ $370 M* Shares on issue 170.29 M Listed on ASX with ASX: SLX ticker code: Listed on OTCQX with OTCQX: SILXY * Current as at 28 Nov 2013 ticker code: * Current as at 9 Dec 2013 © Silex Systems Limited 2013
Slide 8: Access to Silex Systems via U.S. OTCQX Market
P6 Access to Silex Systems via U.S. OTCQX Market For personal use only ADR Benefits to U.S. Investors: Silex Systems Limited ADR trading info: • ADRs give direct access to our listed equity capital base allowing participation in • Symbol SILXY cross-border market liquidity • CUSIP 827046103 • Compan
Slide 9: Access to Silex Systems via U.S. OTCQX Market
P7 Access to Silex Systems via U.S. OTCQX Market For personal use only Issuance Cancellation U.S. U.S. U.S. U.S. U.S. Investor Broker OTCQX Broker Investor -- Buy DRs - -- Sell DRs -- Issue DRs Cancel DRs The Bank of NY Mellon Buy Shares Sell Shares Confirm Instruction to Deposit Release Local Custo
Slide 10: Portfolio of Innovative Technologies
P8 Portfolio of Innovative Technologies For personal use only Our foundation technology: • The SILEX laser enrichment technology: potentially a game changing innovation for the global uranium enrichment industry Other technologies in the portfolio: • Solar Systems: unique ‘Dense Array’ solar tec
Slide 11: Why Focus on Disruptive Energy Technologies?
P9 Why Focus on Disruptive Energy Technologies? For personal use only • Energy is core to the modern industrial economy and vital to economic growth • The global energy industry is undergoing disruptive change, driven by two key convergent factors: 1) The transition to clean energy dictated by clima
Slide 12: SILEX Laser Uranium Enrichment Technology
For personal use only Section 2 SILEX Laser Uranium Enrichment Technology © Silex Systems Limited 2013
Slide 13: Commercialisation and License Agreement
P11 Commercialisation and License Agreement For personal use only Perpetual Royalty Agreement with GLE • Exclusive worldwide commercialisation and license agreement for the SILEX Technology – signed in 2006 • GLE funding of commercialisation program and potential 51% 25% 24% future plant constructio
Slide 14: Advantages of the SILEX Technology
P12 Advantages of the SILEX Technology For personal use only • Enrichment is the most difficult and costly step in making nuclear fuel for power reactors (~35% to 40% of total cost) • SILEX is a breakthrough in efficiency – most cost effective enrichment method • Anticipated to have the lowest capit
Slide 15: GLE's Phased Approach to Commercialisation
P13 GLE’s Phased Approach to Commercialisation For personal use only Phase Objectives Status Technology validation - Test Loop facility and NRC commercial Phase I: plant license approval Completed Economic and engineering validation for the initial commercial Phase II: production plant Commenced in
Slide 16: Paducah Enrichment Plant Opportunity Update
P14 Paducah Enrichment Plant Opportunity Update For personal use only US DOE selected GLE’s laser enrichment proposal in November 2013 • Closure of existing 1st generation gaseous diffusion plant in May 2013 – led to Department of Energy (DOE) bid process for future operations. • GLE submitted a pro
Slide 17: Uranium Enrichment Market Outlook
P15 Uranium Enrichment Market Outlook For personal use only Long Term Market Outlook ‘Bullish’ • Short term market (next 2 to 3 years) likely to remain depressed due to impact of Fukushima event (Uranium and enrichment market prices down ~40%) • Medium term – market recovery expected soon with incre
Slide 18: Nuclear Energy Market Outlook
P16 Nuclear Energy Market Outlook For personal use only Global Nuclear Capacity to Increase • Potential increase in nuclear capacity from 432 plants today to ~1,000 plants over next 2 decades Key Nuclear Markets Key Statistics Country 2013 2030** 11 percent of global electricity TOTAL – all Countr
Slide 19: Recent Highlights: SILEX Laser Enrichment
P17 Recent Highlights For personal use only SILEX Laser Enrichment September 2012: Commercial Plant License US Nuclear Regulatory Commission license approval for first planned commercial plant in Wilmington, North Carolina May 2013: Technology Validation Phase I Test Loop Milestone successfully
Slide 20: SILEX Technology Royalty Business Model
P18 SILEX Technology Royalty Business Model For personal use only Our business model for uranium enrichment: Only 3rd Gen Cost free High value Long term growth technology commercialisation perpetual royalty story • The only 3rd • No further • Contracted • Nuclear power generation development range o
Slide 21: Solar Systems: CPV Dish Technology and Utility Scale Projects
For personal use only Section 3 Solar Systems: CPV Dish Technology and Utility Scale Projects © Silex Systems Limited 2013
Slide 22: Advantages of Our Solar Technology
P20 Advantages of Our Solar Technology For personal use only • The unique ‘Dense Array’ Dish Concentrator combines the world’s most efficient solar cells (current efficiency >40%, with a roadmap to >50%) with low cost balance of system • Parabolic dishes accurately track the sun to capture sunlight
Slide 23: Solar Systems Stage Gated Business Development Strategy
P21 Solar Systems Stage Gated Business Development Strategy For personal use only • Phase 1: Technology validation completed in 2013 • Phase 2: Economic feasibility underway 2014 – 2016 Phase 1: Technology Validation + Demonstration Plants Phase 2: Economic Feasibility + Initial Scale-Up March 2010
Slide 24: Current Development Pipeline
P22 Current Development Pipeline For personal use only Project Location Capacity Dishes Planning Construction Mildura (Stage 2) Victoria, Australia 100 MW ~ 2,000 Underway Targeted for late 2014* QLD Queensland, Australia 10 to 50 MW Up to 1,000 Pre-feasibility TBA Nofa Tibrak, Saudi Arabia 1 MW 28
Slide 25: Mildura Stage 2 – 100MW Solar Power Station
P23 Mildura Stage 2 – 100MW Solar Power Station For personal use only Planning and Preparation Activities • Final design for Stage 2 - CPV power station • Preliminary discussions (financing, construction, grid connection, transmission and PPA) • Commencement of construction targeted for late 2014 -
Slide 26: Saudi Arabia – a Key Market for Solar Systems CPV
P24 Saudi Arabia – a Key Market for Solar Systems CPV For personal use only Nofa Resort 1MW Facility – Saudi Arabia • Saudi Arabian government launching a 40GW solar power program worth US$109 billion • Aim to replace domestic oil consumption by 2032 (annual revenue loss ~US$100 billion) • Ideal reg
Slide 27: Recent and Upcoming Highlights
P25 Recent and Upcoming Highlights For personal use only Solar Systems CPV Dish Technology Technology Validation Completed Australia’s first grid-connected CPV Dish Solar Power Station (1.5MW) opened in Mildura, Australia (July 2013) Utility-scale Project Planning Planning and preparatory activi
Slide 28: Silex Systems Overview
For personal use only Section 6 Silex Systems Overview © Silex Systems Limited 2013
Slide 29: Potential Milestones and Value Drivers for Silex
P27 Potential Milestones and Value Drivers for Silex For personal use only Timing Drivers Short Term Potential Paducah Opportunity – SILEX laser enrichment technology Solar Systems utility-scale project plans (including Mildura 100MW project) Translucent commercialisation milestones and partne
Slide 30: Silex Investment Case
P28 Silex Investment Case For personal use only Primary asset: the ‘SILEX’ uranium enrichment technology - the only third generation laser-based enrichment technology in the world SILEX technology is under licence to Global Laser Enrichment (GLE) - a business venture of GE (51%), Hitachi (25%) a
Slide 31: Thank you
For personal use only Thank you © Silex Systems Limited 2013