Slide 1: 2017 YE Earnings Call
2017 YE Earnings CallMarch 15, 2018Safe Harbor
Slide 2: Safe Harbor
This presentation contains forward-looking statements concerning Aqua Metals, Inc. Forward-looking statements include, but are not limited to our plans, objectives, expectations and intentions and other statements that contain words such as “expects,” “contemplates,” “anticipates,” “plans,” “intends
Slide 3: Key milestones
Key milestones•First external funding Q4 2014•First full-scale electrolyser Q1 2015•IPO July 2015, facility construction began August 2015•Key permits Q3/4 2016 – not subject to NESHAP•Strategic partnership with JCI Q1 2017•Key patents H2 2017•Daytime operation of 1 electrolyser Q4 2017•Daytime oper
Slide 4: Agenda
Agenda•Operations update–“Sticky lead”–TRIC ramp-up•Intellectual Property•Financials•SummaryNASDAQ: AQMS 4
Slide 5: "Sticky lead"
“Sticky lead”•Symptom–Lead hanging up on scraper/chute–No prior indication with prototypes, pilot unit or first production electrolyser•Cause–Stratification of the electrolyte in the plating tanks–Process advantages masked the issue–The electrolyte entering and exiting the system remained in specifi
Slide 6: Sticky lead – the fix
Sticky lead – the fix•Primary - better electrolyte mixing within the electrolyser–Increased electrolyte headers to 2–Increased electrolyte circulation rate–Achieved better control of plating conditions•Secondary – reengineered scraper table–Programmable pneumatic table tilt – known as the “dump truc
Slide 7: AquaRefining retro-fit & ramp-up
AquaRefining retro-fit & ramp-up•Retro-fit–All 16 modules on site and in-place–Fix-kit consists of new manifolds and modified exit chute with pneumatic tilt feature•All key parts for the 16 fix-kits on-site•1 module retro-fitted and running since late January and fix-kit validated–Total focus on ret
Slide 8: Operations and facility ramp-up
Operations and facility ramp-up•Operations update–Now seeing benefits of multiple organizational, staffing and equipment changes implemented during 2017•New Plant Management, Process Engineering, EH&S and Maintenance•Technology and Engineering leadership relocated to TRIC•Breaking and Separation equ
Slide 9: Lead products ramp-up
Lead products ramp-up•Two 50 Tonne kettles installed–4 additional kettles to be added•JCI providing assistance with operator training at JCI facilities with follow-up at TRIC–Helps de-risk ramp-up–Potential to accelerate supplier approval process–Provides JCI with planning retro-fit •Product progres
Slide 10: Intellectual Property – first key patent allowed in countries
Intellectual Property – first key patent allowed in 6 countries•Our first patent “Devices and Method for Smelterless Recycling” was key –Now allowed in US, Canada, Korea, Japan, Australia and South Africa–More countries in play•Seven additional families filed and pending•“Next Generation” filings ha
Slide 11: Q4'17 Financial Performance and Highlights
AquaMetals: Q4’17 Financial Performance Twelve-Financial HighlightsQuarter Months Ended Ended 12/31/1712/31/17 Product Sales$0.9M$2.1M Loss from Operations$(6.5M)$(24.9M) Net Loss$(7.0M)$(26.5M)Cash @ 12/31/17$22.8M Total Current Assets @ 12/31/17$25.7MCapex Spend in Q4’17$2.2M Total Gross Property
Slide 12: Summary
Summary•We fixed the sticky lead issue and are fully implementing the retro-fit–Understanding and fixing the issue helped us achieve higher efficiency–Gives us the potential for future advancements•We use a novel combination of recycling, chemical, electro-chemical and metallurgical processes – whic