Silex Systems Limited · ASX:SLX
Silex Systems — FY2013 Earnings Presentation
21 slides from Silex Systems's earnings presentation, Aug 23, 2013
Slide 1: FY2013 Results and Operational Update
For personal use only Silex Systems Ltd FY2013 Results and Operational Update Dr Michael Goldsworthy, CEO / Managing Director 23rd August 2013 © Silex Systems Limited 2013
Slide 2: 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 3: 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 4: Corporate Overview
P4 Corporate Overview For personal use only Company Overview As at 4 April 2013 Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) is a world leader in the research, development and commercialisation of leading edge technologies in key strategic markets, including: • nuclear power, • solar power, Insti
Slide 5: Business segment highlights
P5 Business segment highlights For personal use only SILEX uranium enrichment - Phase 1 Test Loop Milestone successfully completed - triggered US$15 million payment to Silex. - US NRC license approval for first planned commercial plant in Wilmington, North Carolina. - GLE submitted a proposal to the
Slide 6: SILEX Uranium Enrichment Technology
For personal use only Section 2 SILEX Uranium Enrichment Technology © Silex Systems Limited 2013
Slide 7: Advantages of the SILEX technology
P7 Advantages of the SILEX technology For personal use only Advantages of SILEX Laser Enrichment • Enrichment is the most difficult and costly step in making nuclear fuel for power reactors • SILEX is a breakthrough in efficiency - uses less energy • Smaller footprint than centrifuge and diffusion •
Slide 8: Commercialisation and License Agreement
P8 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 9: GLE's Phased Approach to Commercialisation
P9 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 Pha
Slide 10: Paducah Enrichment Plant Opportunity Update
P10 Paducah Enrichment Plant Opportunity Update For personal use only GLE Submitted Proposal to US Department of Energy (DOE) on 14th August • Potential to use SILEX Technology to enrich high assay tails stockpiles into natural grade uranium. • Turning DOE tails inventories into natural uranium is a
Slide 11: Uranium Enrichment Market Outlook
P11 Uranium Enrichment Market Outlook 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% world tot
Slide 12: 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 13: Solar Systems and the 'Dense Array' CPV Dish System
P13 Solar Systems and the ‘Dense Array’ CPV Dish System For personal use only • The unique ‘Dense Array’ Dish Concentrator concept combines the world’s most efficient solar cells (originally from the space industry) with lower cost balance of system. • Parabolic dishes accurately track the sun to ca
Slide 14: 'Dense Array' CPV Module vs Field PV Module
P14 Overview: ‘Dense Array’ CPV Module vs Field 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 • Field system power (180 m
Slide 15: Product Commercialisation Plan – 2010 to 2015
P15 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 including upgrade of the ‘Dense Array’ convertor. 16 Dish system test facility installed at Bridg
Slide 16: Current Development Pipeline
P16 Current Development Pipeline For personal use only Project Location Capacity Dishes Planning Construction Mildura (Stage 2) Victoria, Australia 100 MW ~ 2,000 Underway Commence late 2014 QLD Queensland, Australia 10 to 50 MW Up to 1,250 Pre-feasibility TBA Nofa Tibrak, Saudi Arabia 1 MW 28 Compl
Slide 17: Stage 1: Mildura Demonstration Facility - 1.5MW
P17 Stage 1: Mildura Demonstration Facility - 1.5MW For personal use only Grand Opening Event: 17th July 2013 • Located in Carwarp, ~40km from Mildura • 40 Dish systems installed 1.5 MW capacity • Grid connected under PPA with Diamond Energy • Sufficient to power ~ 500 homes at peak power © Silex
Slide 18: Mildura Stage 2 – 100MW Solar Power Station
P18 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 19: Saudi Arabia – a key market for Solar Systems CPV
P19 Saudi Arabia – a key market for Solar Systems CPV For personal use only Nofa Resort Demonstration Facility – Saudi Arabia • Saudi Arabian government launching a 40GW solar power program worth $109 billion • Aim to replace domestic oil consumption by 2032 (annual revenue loss ~$90 billion) • Idea
Slide 20: Corporate Summary
P20 Corporate Summary For personal use only Sufficiently funded to execute commercialisation strategies Cash balance currently ~$79 million Expected cash burn of ~$22 million in FY2014 Independent business units with strong focus on commercial outcomes All four technologies have important
Slide 21: Thank you
For personal use only Thank you © Silex Systems Limited 2013