Slide 1: Investor Presentation – Australian Roadshow
For personal use only Investor Presentation – Australian Roadshow 24th July 2013 Dr Michael Goldsworthy, CEO and Managing Director of Silex Systems Ltd (ASX: SLX) (OTCQX: SILXY), will deliver the attached presentation during an Australian Roadshow to be conducted this week. Further information on th
Slide 2: Forward Looking Statements and Business Risks
Forward Looking Statements and Business Risks: 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 techn
Slide 3: Silex Systems Ltd Investor Presentation
For personal use only Silex Systems Ltd Investor Presentation Dr Michael Goldsworthy, CEO / Managing Director Australian Roadshow July 2013 © Silex Systems Limited 2013
Slide 4: Forward Looking Statements
P2 Forward Looking Statements For personal use only Silex is a research and development Company whose assets include its proprietary rights in technologies, including but not limited to, the SILEX technology, Solar Systems technology, Translucent technology and ChronoLogic technology. Several of the
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: Corporate Overview
P4 Corporate Overview For personal use only Company description Silex Systems Limited (ASX: SLX) is a world leader in the As at 4 April 2013 research, development and commercialisation of leading edge technologies in key strategic markets, including: • nuclear power, • solar power, • semiconductor m
Slide 7: Businesses
P5 Businesses For personal use only Silex Solar Systems Translucent ChronoLogic Systems Third generation laser Utility Scale Unique rare-earth oxide Precision instrumentation uranium enrichment for Concentrating PV materials for products utilising the nuclear power power generation semiconductors an
Slide 8: SILEX Uranium Enrichment Technology
For personal use only Section 2 SILEX Uranium Enrichment Technology © Silex Systems Limited 2013
Slide 9: Uranium Enrichment Basics
P7 Uranium Enrichment For personal use only Uranium Enrichment Basics • Uranium must be enriched to work as fuel in a nuclear reactor • Process to enrich U235 isotope from 0.7% (natural) to ~5% • Enrichment measured as a function of work performed by equipment – in Separative Work Units (SWU’s). • M
Slide 10: Advantages of the SILEX technology
P8 Advantages of the SILEX technology For personal use only Advantages of SILEX Laser Enrichment • Breakthrough in efficiency - uses less energy • Smaller footprint than centrifuge and diffusion • Lowest capital costs of all enrichment technologies SILEX Technology • SILEX invented in Australia - th
Slide 11: Commercialisation and License Agreement
P9 Commercialisation and License Agreement For personal use only Exclusive Agreement • Exclusive worldwide commercialisation and license agreement for SILEX Uranium Enrichment Technology • Agreement originally signed with GE in 2006 51% 25% 24% • Commercialisation development fully funded by GLE Mil
Slide 12: GLE's Phased Approach to Commercialisation
P10 GLE’s Phased Approach to Commercialisation For personal use only Phase Objectives Status Phase I: Test Loop technology demonstration and NRC commercial plant license approval Completed Phase II: Economic and engineering validation for the initial commercial production module Commenced in 2012 Ph
Slide 13: GLE Commercial Facility - NRC Licence
P11 GLE Commercial Facility - NRC Licence For personal use only NRC Commercial Plant License - 25 September 2012 •Combined Construction and Operating License for the first proposed plant in Wilmington, NC. • US Nuclear Regulatory Commission (NRC) responsible for evaluating combined construction and
Slide 14: Second Opportunity - Paducah Enrichment Plant
P12 Second Opportunity - Paducah Enrichment Plant For personal use only Department of Energy (DOE) Process – Expression of Interest (EOI) • GLE submitted an EOI to the US Department of Energy in February 2013 proposing construction of a SILEX laser enrichment plant in Paducah. • Cessation of operati
Slide 15: Paducah Opportunity Update
P13 Paducah Opportunity Update For personal use only Department of Energy (DOE) Process – Request for Offers (RFO) • DOE issued a Request for Offers in early July 2013 for proposals to re-utilise the DOE Enrichment Plant site in Paducah. • RFO to be submitted by GLE to the DOE by 14th August, 2013.
Slide 16: Nuclear Energy in the United States
P14 Nuclear Energy in the United States For personal use only 104 nuclear reactors in 31 states Current Reactors • 104 nuclear reactors operating in 31 states • ~27% of global nuclear energy capacity is in the US • ~20% of electricity in the US is generated from nuclear energy • Nuclear energy is th
Slide 17: Nuclear Energy Worldwide
P15 Nuclear Energy Worldwide For personal use only Global Issues • Energy security and Climate Change are key concerns Key Statistics of Governments and Utilities around the world • Nuclear ‘renaissance’ to continue despite short-term 15 percent of global electricity impact of the Fukushima event
Slide 18: Key Market Drivers for Uranium Enrichment
P16 Key Market Drivers for Uranium Enrichment For personal use only Enrichment Price Forecasts - (Source: TradeTech 2013) Short Term Market Outlook – ‘Negative’ • Short term market (next 2 to 3 years) likely to remain depressed due to impact of Fukushima event • 50 operable Japanese reactors (~12% w
Slide 19: 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 20: Solar Systems Overview
P18 Solar Systems Overview For personal use only • Silex acquired Solar Systems’ world-leading Concentrating Photovoltaic (CPV) Dish technology in early 2010, including: > Technology and associated intellectual property, protected by patent portfolio > Manufacturing plant (Melbourne ‘clean room’ fab
Slide 21: The 'Dense Array' CPV Dish System explained
P19 The ‘Dense Array’ CPV Dish System explained For personal use only • Utilises the world’s most efficient solar cells - multi-junction cells originally developed for the space and satellite industry (‘three cells in one’) • Current efficiency >40% (~ 2x efficiency of silicon cells, ~ 4x thin film
Slide 22: 'Dense Array' CPV Module vs Rooftop PV Module
P20 Overview: ‘Dense Array’ CPV Module vs Rooftop PV Module For personal use only CPV Module PV Module • Multi-junction cell efficiency ~ 42% • Silicon cell efficiency ~ 18% • Concentration factor = up to 1000x • Concentration factor = 1 • Convertor power (64 modules) ~38kW • Rooftop system power (5
Slide 23: Operational Facilities & Current Projects
P21 Operational Facilities & Current Projects For personal use only Installation Location Capacity Dishes Mildura Stage 1 VIC, Australia 1.5 MW 40 Bridgewater VIC, Australia 600 kW 16 Hermannsburg NT, Australia 190 kW 8 Yuendumu NT, Australia 240 kW 10 Lajamanu NT, Australia 290 kW 12 Windorah Qld,
Slide 24: Levelised Cost of Energy (LCOE) Roadmap
P22 Levelised Cost of Energy (LCOE) Roadmap For personal use only Key Factors to Reduce Costs: • Multi-junction cell technology: higher efficiency (>50% target in 3 years) and lower cost • System efficiency: reduce losses and increase power output (e.g. increase concentration factor to 1000x) • Manu
Slide 25: Product Commercialisation Plan – 2010 to 2015
P23 Product Commercialisation Plan – 2010 to 2015 For personal use only Phases and Funding Contributions Phase Objectives Status Phase 1: Product Commercialisation Program: Product release milestone: completed June 2012. Involved full re-design Completed and performance upgrade of the ‘Dense Array
Slide 26: Current Development Pipeline
P24 Current Development Pipeline For personal use only Project Location Capacity Dishes Planning Construction Mildura (Stage 2) Victoria, Australia 100 MW ~ 2,000 Underway Late 2014 QLD Queensland, Australia 10 to 50 MW Up to 1,250 Pre-feasibility TBA Nofa Tibrak, Saudi Arabia 1 MW 28 Completed 2012
Slide 27: Stage 1: Mildura Demonstration Facility - 1.5MW
P25 Stage 1: Mildura Demonstration Facility - 1.5MW For personal use only Grand Opening Event: 17th July 2013 • Builds on success of Bridgewater Test Facility • Located in Carwarp, ~40km from Mildura • 40 Dish systems installed 1.5 MW capacity • Physical connection to grid on 30th January, 2013 •
Slide 28: Stage 1: Mildura Demonstration Facility - 1.5MW
P26 Stage 1: Mildura Demonstration Facility - 1.5MW For personal use only © Silex Systems Limited 2013
Slide 29: Stage 1: Mildura Demonstration Facility - 1.5MW
P27 Stage 1: Mildura Demonstration Facility - 1.5MW For personal use only © Silex Systems Limited 2013
Slide 30: Mildura Stage 2 – 100MW Solar Power Station
P28 Mildura Stage 2 – 100MW Solar Power Station For personal use only Planning and Preparation Activities • Final design for Stage 2 CPV power station • Evaluation of connection point to nearby grid line • Preliminary partner discussions (financing, construction, grid connection and transmission) •
Slide 31: Saudi Arabia – a key market for Solar Systems CPV
P29 Saudi Arabia – a key market for Solar Systems CPV For personal use only Nofa Resort Demonstration Facility – Saudi Arabia • Construction well advanced for 1MW (28 Dish units) demonstration facility • Expected completion in late CY 2013 Construction progress as of May 2013 © Silex Systems Limited
Slide 32: Key Developments in the Saudi Arabian Solar Market
P30 Key Developments in the Saudi Arabian Solar Market For personal use only • Kingdom of Saudi Arabia (KSA) currently consumes up to 2.5 million barrels of oil internally (~25% of annual total) for electricity production and water desalination – traded at a few dollars per barrel • Lost oil revenue
Slide 33: Corporate Outlook
P31 Corporate Outlook For personal use only Sufficiently funded to execute commercialisation strategies Cash balance ~$78 million at end of July 2013 Expected net cash burn of ~$18 million in FY 14 Tightly focused independent business units with strong leadership All four technologies movi
Slide 34: Thank you
For personal use only Thank you © Silex Systems Limited 2013