Aqua Metals, Inc. · NASDAQ:AQMS
Aqua Metals — IPO Roadshow (June 2015)
17 slides from Aqua Metals's IPO roadshow presentation, Jun 29, 2015
Slide 1: How AquaRefining can change the $22 billion lead industry
How AquaRefining can change the $22 billion lead industry Dr. Stephen Clarke Chairman and Chief Executive Officer June 2015 Filed Pursuant to Rule 433 Registration Statement No. 333 - 204826 Issuer Free Writing Prospectus dated June 29, 2015 Relating to Preliminary Prospectus dated June 25, 2015
Slide 2: Safe Harbor
This presentation contains forward - looking statements concerning Aqua Metals, Inc . , including statements regarding the prospects for the lead acid battery recycling industry, the future of lead acid battery recycling via traditional smelters, the Company’s development of its commercial lead acid
Slide 3: Executive Summary
3 Executive Summary • Recycling lead is a growing $22B market opportunity • Lead acid batteries are critical to many high growth industries • Smelting is antiquated, polluting, and costly • AquaRefining makes highest purity lead at a lower cost and no pollution • We intend to use this to fundamental
Slide 4: Lead acid batteries dominate the storage market
LAB 96% Li - ion 4% Lead acid batteries dominate the storage market ( GWh /year) LAB Li-ion NiMH Other LABs are the world’s most recycled consumer product, but conventional recycling does not produce ultra - pure lead Primary lead mines, the main source of ultra - pure lead, are becoming depleted Le
Slide 5: Today, all LABs are recycled through smelting, which is a dirty and expensive process
5 Today, all LABs are recycled through smelting, which is a dirty and expensive process Three large US smelters have recently been shut down due to pollution and non - compliance. • Inefficient: Lead processed at 1400 ƒ F, often with dirty fuels • Unscalable: Can’t turn off; needs to process ≈400T/d
Slide 6: AquaRefining makes lead recycling clean, efficient, scalable and cost effective
6 AquaRefining TM makes lead recycling clean, efficient, scalable and cost effective • Efficient: Will use far less energy than smelting, and no dirty fuels • Scalable: Modules designed to refine 2.5T/day; reduced transport costs • Pure: Produces ultra - pure lead • Clean: No toxic byproducts or los
Slide 7: AquaRefining delivers substantially lower refining and waste costs
7 Smelter-Based AquaRefining Lead Recovery Waste Transport Overhead Breaking Used LABs AquaRefining delivers substantially lower refining and waste costs Comparative Recycling Costs
Slide 8: Commercially viable at a much smaller scale than smelters
• We can be commercially viable at a much smaller scale than smelters • AquaRefineries are profitable at 40T/day output -- smelters need 400T/ day • High margins, modular equipment and environmental friendliness mean we need less capital and can be located closer to the supply of batteries • We have
Slide 9: TRIC is near a large underserved population and has favorable regulations
TRIC is near a large underserved population and has favorable regulations 9 Smelter First AquaRefinery : TRIC • Potential partner on - site • Access to population of 32M within 8 hour drive • Growing hub for data centers and cleantech • Excellent infrastructure, talent and logistics • Low electricit
Slide 10: Our work to date will enable us to break ground in TRIC immediately post-IPO
10 Our work to date will enable us to break ground in TRIC immediately post - IPO TRIC AquaRefinery blueprint TRIC AquaRefinery computer mock - up Key Milestones • Purchased real estate; permits in process, no issues identified • Finalizing a 20,000 ft 2 facility in Alameda, CA to build AquaRefining
Slide 11: We can shift our sales model to respond to market conditions and customer demand
11 We can shift our sales model to respond to market conditions and customer demand All numbers in 000s • IRR assumes years 5+ are equal to year 4 • Year 1 begins immediately post - IPO • Begin lead production in month 9 • Reach full scale of 80 tons / day in month 15 • 100% tolling in month 9; ramp
Slide 12: Our next step will be to build AquaRefineries across the US and beyond
Our next step will be to build AquaRefineries across the US and beyond We intend to build AquaRefineries in Europe and other favorable locations around the world. First site: TRIC Potential next sites Smelter Potential AquaRefinery 12
Slide 13: Protecting our intellectual property is a central part of our business plan
Protecting our intellectual property is a central part of our business plan • We have an IP “greenfield” opportunity in front of us • Smelting is a millennia - old technology that has seen little recent innovation • We came at the problem from an electrochemical perspective, which is unique to this
Slide 14: Management team
14 • Dr. Stephen Clarke, Chairman and Chief Executive Officer • 20 years experience in disruptive technologies for advanced batteries • Led a successful IPO on London Stock Exchange’s Alternative Investment Market • Head of Manufacturing Engineering at Rolls Royce plc. • Selwyn Mould , Chief Operati
Slide 15: Board of directors
15 • Mark Slade • Former Board Member of the London Metal Exchange • Former CEO of MAREX Financial (co - founded with Marathon Asset Management) • Former Board Member of the Futures and Options Association • Stanley Kimmel • Experience in large - scale design/build projects in metals and related ind
Slide 16: Capitalization table
Security Current (1) Post - IPO Common Stock Currently Outstanding 4,361,641 4,361,641 Promissory Note with interest through 6/30/15 2,501,237 2,501,237 Options Outstanding (2) 559,547 559,547 Options Reserved for Future Issuance 804,089 804,089 Warrants Outstanding (3)(4) 686,491 1,286,491 Common S
Slide 17: Registration statement legend
17 The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates . Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete infor