Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (December 2022)
29 slides from Electrovaya's investor presentation, Dec 13, 2022
Slide 1: General Corporate Presentation
General Corporate Presentation December 13th, 2022 Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF)
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements, including statements that relate to, among other things, the effect of the ongoing global COVID-19 public health emergency on the Company’s operations, its employees and other stakeholders, including on customer demand, supply chain,
Slide 3: Our Mission
Our Mission To accelerate the energy transition with safer and better batteries through technology advancement Electrovaya © 2022 3
Slide 4: Technology Solutions
Technology Solutions Electrovaya complementary technologies targeting the various EV applications. Infinity batteries provides industry leading longevity and SSBs provides industry leading energy density Infinity Batteries Solid State Batteries Commercial today In late stage development Global partn
Slide 5: Electrovaya at a Glance
Electrovaya at a Glance Focused Lithium Ion Solutions based on proprietary competitive advantages Success Based on Innovation Electrovaya Key Achievements in 2022 Record Purchase Order Volume Production Ramp Up Successful in FYQ4 with a US$9.7 million Industry Leader Top-tier Customer Base Unparalle
Slide 6: Our Locations
Our Locations ● Canadian Headquarters: 63,000 Sq feet Facility in Mississauga, ON ● Pack assembly & engineering development ● Capacity is approx 150 MWh (300 MWh by 2023) ● Electrovaya Labs: 25,000 Sq feet facility in Mississauga, ON ● Cell technology development & scale up ● US Operations: 130,000
Slide 7: Electrovaya Capabilities
Electrovaya Capabilities Electrovaya expertise and capabilities includes designing and manufacturing lithium ion batteries cells / Modules / Packs / Battery systems and other battery-related products (BMS) Cell Module Pack Electrovaya © 2022 7
Slide 8: Market Opportunity Summary: Infinity Platform
Market Opportunity Summary: Infinity Platform Market Opportunity North American Market Challenges Electrovaya’s Target Market Opportunity (Infinity Platform) % .97 20 GR CA Supply chain Technology challenges: Expensive issues Safety & lifetime battery technology FY2022 Quarterly Revenue 2021 2027 Mar
Slide 9: Commercial Ecosystem: Material Handling & AGVs
Commercial Ecosystem: Material Handling & AGVs End Users Examples (not a complete list) Retail & Manufacturing OEM Customers Food distribution eCommerce *Confidential User Logistics Electrovaya © 2022 9
Slide 10: Infinity Batteries: Proven technology
Infinity Batteries: Proven technology Lithium-ion ceramic cells with highest cycle life and safety setting the industry standards. Material Handling Equipments OEM Partners High Cycle Life Lowest Cost of Ownership Autonomous Guided Robots Safety OEM Partners Zero Fire Incidents Li-Ion Ceramic Technol
Slide 11: Competitive Advantage
Competitive Advantage Electrovaya prides itself by providing leading edge Lithium ion battery cells and systems Longevity Superior Safety Modular Approach Lowest cost of ownership Unique Cycle life Proprietary fire propagation Performance Oriented System design Best Cycle Life + superior safety EOL
Slide 12: Multi-Million-Mile Batteries
Multi-Million-Mile Batteries Electrovaya Patented Technology provides the longest Cycle life in Industry: Electrovaya batteries can operate for >25 years with 1 cycle/day Third party testing: E-forklift battery performance from Fortune 100 customer: Electrovaya batteries lifetime VS competitors Elec
Slide 13: Superior Safety
Superior Safety Multi-level cell and system safety technology with end result being a non-propagating battery design Electrovaya Ceramic vs Coated PO Separator ELV Coated PO ELV Coated PO 15 min at 130°C Third Party fire propagation test An Electrovaya 24V battery AFTER fire propagation testing for
Slide 14: Superior Performance: Monetization Strategy
Superior Performance: Monetization Strategy Heavy Duty Vehicles (HDV) Operate at ~2 Energy Storage Systems (ESS) require a cycles per day → Battery replacement Battery Augmentation to compensate for needed every 6 years the performance degradation How do we monetize Electrovaya’s technology benefits
Slide 15: Energy Storage Applications - Approach
Energy Storage Applications - Approach Electrovaya Business plans targeting Energy Storage Applications Standard ESS Batteries Electrovaya’s Approach Utilize current standard lithium ion batteries that were optimized for Bespoke energy storage cells designed to meet the specific needs electric vehic
Slide 16: Bespoke ESS Cells: Use of Electrovaya Tech
Bespoke ESS Cells: Use of Electrovaya Tech Bespoke energy storage cells designed for specific applications APPLICATION Proprietary Technology Benefit End Result + High Temperature operations + Ceramic Separator capabilities Short Duration Energy + Electrolyte technology storage + Lower Capital costs
Slide 17: Technology Solutions
Technology Solutions Electrovaya complementary technologies targeting the various EV applications. Infinity batteries provides industry leading longevity and SSBs provides industry leading energy density Infinity Batteries Solid State Batteries Commercial today In late stage development Global partn
Slide 18: Next Gen-Solid State batteries
Next Gen-Solid State batteries Electrovaya’s Labs division is focused on the technology development and scale up of high energy density solid state batteries on track to reach automotive targets Prototype pouch cells expected availability in 2023 400 ELV Solid State Energy density (Wh/Kg) 300 NMC**
Slide 19: Next Gen-Solid State batteries: Value proposition
Next Gen-Solid State batteries: Value proposition EV penetration in the global vehicle market Energy dense electrodes Enables the use of Lithium metal anodes with 10x higher 2022 2035 specific capacity than conventional graphite ⇒ ~40% increased energy density 2-3% 85% Solid Electrolyte of new cars
Slide 20: Ceramic Separators: Unparalleled Experience
Ceramic Separators: Unparalleled Experience The transition to Lithium Metal based batteries is almost certainly going to require the use of ionic conducting ceramic based electrolyte materials Electrovaya Strength Patented unique ceramic separator offers unparalleled safety. (36 patents) Surface Sub
Slide 21: Solid-State Batteries: Electrovaya's Approach
Solid-State Batteries: Electrovaya’s Approach Solid State battery platform with versatile proprietary technology Four Solid State Battery Related Patents Filed Hybrid Lithium Metal SSB Lithium Metal SSB “Anode-Free” SSB Thin Lithium Metal anode Thin Lithium Metal anode No Standalone Lithium Electrod
Slide 22: Roadmap
Roadmap Infinity Platform SS Platform Expansion Market expansion Increase Automation & Double Production SSB - Start of Production & commercialization Increase Headcount Establish GWH scale Increase Production production Infinity Battery Commercial Launch: Technology development E-Bus & truck, Aeros
Slide 23: Financial Summary
Financial Summary Q4 revenue of estimated $9.7m is a record for the company and in excess of the previous three quarters combined. Successful equity raise of $11m in November that has been used to reduce debt by almost $5m, resulting in interest savings of $650k per year Significant order backlog le
Slide 24: Financials
Financials FY2023 revenue target ~$42 million (~C$56 million)** * Non-IFRS Measure: Adjusted EBITDA does not have a standardized meaning under IFRS. Therefore it is unlikely to be comparable to similar measures presented by other issuers. We believe that certain investors and analysts use Adjusted E
Slide 25: Capital share structure
Capital share structure Ticker: TSX:EFL Ticker: OTCQB:EFLVF Shares Outstanding* : 164,730,626 Shares Outstanding* : 164,730,626 Share Price* : CAD $1.21 Share Price* : USD $0.89 Market Cap* : CAD $199,323,618 Market Cap* : USD $145,923,596 Insider Ownership: ~ 38% Insider Ownership: ~ 38% * Stock pr
Slide 26: Electrovaya Summary
Electrovaya Summary Pure Play Battery Tech/Manufacturing Leading Partners Electrovaya is a Pure Play North American Lithium ion Electrovaya has strong OEM relationships with some of Battery Technology and Manufacturing company on track the leading industrial vehicle manufacturers and for Rapid Growt
Slide 27: Management team
Management team Dr. Raj S. Das John Gibson, Dr. Sankar Das Dr. Jeremy Dr. Elmira Jason Roy, Gupta, CFO Gupta, Dang, Memarzadeh Director, Corporate CEO, Director VP, Business & Project Director, Engineering Development and Executive Chairman Development Programs Investor Relations Electrovaya © 2022
Slide 28: Board of Directors
Board of Directors Prof Carolyn Dr. James Dr. Bejoy Das Kartick Kumar, Hansson, Jacobs, Gupta, Director Director Director Director Electrovaya © 2022 28
Slide 29: Investor & Media queries, please contact
Investor & Media queries, please contact: Jason Roy Director, Corporate Development & Investor Relations Phone: 905-855-4618 Email: jroy@electrovaya.com Web: www.electrovaya.com Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF)