Gelion Plc · LSE:GELN
Gelion — H1 FY24 Earnings Presentation
28 slides from Gelion's earnings presentation, April 2024
Slide 1: Next-Generation Batteries: Lithium-Sulfur and Zinc Batteries
Next-Generation Batteries Lithium-Sulfur and Zinc Batteries Half Yearly Presentation April 2024 CONFIDENTIAL GELION 2024 Lilium jet pictured, Gelion are targeting eVTOL and additional mobile and stationary applications
Slide 2: Important information and disclaimer
Important information and disclaimer The information contained in this document (“Presentation”) has been prepared by Gelion plc (the “Company”) solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate the
Slide 3: Technology disclaimer
Technology disclaimer Gelion Zinc Technology Gelion has pivoted from targeting development of a Zinc Bromide Battery to a Zinc Hybrid Cell, as we aim to adapt the progress we have made with our zinc anode design to a hybrid cathode that offers path to a commercial product via lower investment, lower
Slide 4: Leadership Team
Leadership Team Prof Thomas Maschmeyer John Wood Amit Gupta Louis Adriaenssens Founder & Non-Executive Chief Executive Officer Chief Financial Officer Chief Technology Officer Director John is an experienced and successful Amit is a Chartered Accountant with Louis has 20 years of experience in A ser
Slide 5: Gelion's battery technology opportunities
Gelion’s battery technology opportunities Gelion is building next-generation technologies to access >US$1.92T4,5 market opportunity Lithium-Sulfur Zinc-based hybrid cells Industry acknowledged Targeting the lead-acid ecosystem next-gen technology1 Total addressable market opportunity4,5 > US$1.92 tr
Slide 6: Unlocking the revenue opportunity
Unlocking the revenue opportunity Gelion is building a business to access ~80% of the value chain Mining Refining Materials Cells Packs Recycling 9% 13% 27% 30% 18% 3% Mining raw Refining raw Transforming Using battery Using cells to Recycling spent materials from the materials into chemicals into m
Slide 7: Indicative Commercialisation Milestones
Indicative Commercialisation Milestones Lithium-sulfur OXLiD Johnson Matthey Li-S R&D £4m Capital Ionblox silicon Initial samples Internal Advanced Commercial Demonstration Validation Strategic Li-S IP expansion raise + strategic anode to anode cell safety Prototyping Centre1 pouch format cells to p
Slide 8: Delivering On Our Milestones
Delivering On Our Milestones Lithium-sulfur OXLiD Johnson Matthey Li-S R&D £4m Capital Ionblox silicon Initial samples Manufacturing Strategic Advanced Commercial Demonstration Validation Li-S IP expansion raise + strategic anode to anode simplicity Prototyping Centre1 pouch format cells to partner
Slide 9: Gelion's Lithium-Sulfur Technology
Gelion’s Lithium-Sulfur Technology CONFIDENTIAL GELION 2024 13
Slide 10: Gelion's Lithium-Sulfur Battery Advantages
Gelion’s Lithium-Sulfur Battery Advantages Lighter, safer, greener batteries with double the energy density at a lower cost Double the gravimetric energy Bill of materials cost savings of 45%1,2 density Gelion estimate Li-S can achieve up to Gelion’s Li-S is targeting double the gravimetric 45% savi
Slide 11: Demonstrating core differentiation
Demonstrating core differentiation Manufacturing Silicon anode Protected lithium advantage (Ionblox) anode (sulfur cathode) Made without toxic solvents Silicon-sulfur battery Lithium metal component NoLirare or complex Si Long cycle life Long cycle life materials Low cost High safety High safety CON
Slide 12: Gelion's technology pathways to achieve mass electrification
Gelion’s technology pathways to achieve mass electrification Enabling technologies 1. Silicon-sulfur (Si-S) Silicon anodes & prelithiation Market ready (2026+)2 electrolyte JDA signed with US based Si S >US$1T global market Enabling technologies 2. Lithium-sulfur (Li metal-S) Lithium anode progress
Slide 13: Gelion's technology pathways to achieve mass electrification
Gelion’s technology pathways to achieve mass electrification Enabling technologies 1. Silicon-sulfur (Si-S) Silicon anodes & prelithiation 1. Samples provided Market ready (2026+)2 electrolyte 2. Initial results achieved Si S >US$1T global market Enabling technologies 2. Lithium-sulfur (Li metal-S)
Slide 14: Momentum toward global lithium-sulfur leadership
Lithium Sulfur: Momentum toward global lithium-sulfur leadership Technology progress announcements This is the future we see… Gelion signs JDA with US silicon partner Higher energy Li-S R&D Gelion expands capability density, into UK, Gelion acquires expanded4 acquiring cheaper, 65 Li-S patent famili
Slide 15: Validation of technology strategy
Validation of technology strategy Progress of Gelion's technology plan, building on Li-S IP, OXLiD and Ionblox Performance of acquired Gelion’s Next-GEN Gelion's testing of Ionblox SiOx technology (OXIS, GEN2) (beyond GEN2) technology anode with Gelion technology validated Capacities > Li-ion 0.5Ah
Slide 16: Commercialisation of lithium-sulfur
Commercialisation of lithium-sulfur Leveraging inorganic route to leadership and accelerating development 2021 Goes into liquidation OXLiD 2005 2021 2023 2010s 2018 Foundational patents Continues work on Acquires NEXT-GEN OXIS GEN 2 Li-S NEXT-GEN Li-S filed for GEN1 NEXT-GEN technology + OXLiD, foun
Slide 17: Gelion's global competitive IP position
Gelion’s global competitive IP position Gelion has broad IP coverage across all stages of sulfur battery development Competitor #1 Competitor #2 Competitor #3 20 20 20 20 18 18 Patent families* 18 18 16 16 16 16 14 14 14 14 12 12 12 12 10 10 10 10 8 8 8 8 6 6 6 6 4 4 4 4 2 2 2 2 0 0 0 0 Primary deve
Slide 18: Technology proof points and facilities
Technology proof points (top) and facilities (bottom) Product + certification Testing Campaign Commercial Prospective Results 1. Cathode materials + cathode 1. Protected lithium anode Cell manufacture demonstration 2. Si-S and Li-S cells scale-up (manufactured 2. silicon sulfur 3. Certification at 3
Slide 19: Gelion's Zinc Technology
Gelion’s Zinc Technology CONFIDENTIAL GELION 2024 24 24
Slide 20: Why Zinc?
Why Zinc? Advantages of zinc $ Cost. Zinc is an abundant low-cost material (US$2.4/kg)1 low cost water electrolyte Zn Li Li cathode Sustainable. Components are non-toxic and highly recyclable. anode Scalability. Cell format means existing lead- acid ecosystem can be leveraged Gelion’s Gen 5 Zn cells
Slide 21: Zinc Gen 4 anode progress informs Gen 5 pathway
Zinc Gen 4 anode progress informs Gen 5 pathway Zn electrolyte hybrid Zn Safety Zinc anode progress Gen 5 Gen 4 Gen 5 Development of Bromine-free Research to transition Energy Density Cost prismatic cell system, system zinc anode with BMS and anode alternate cathodes technology for ZnBr2 Key progres
Slide 22: Financial information
Financial information CONFIDENTIAL GELION 2024 28
Slide 23: Investment Opportunity: Summarised financial information
Summarised financial Investment £'000 Notes Six months ended 31-Dec-22 31-Dec-231 information Unaudited £'000 Unaudited £'000 Opportunity Gelion PLC (listed on AIM Key▪highlights Other income - 35 UK exchange, GELN). Total Income - 35 ▪ Cost savings have started to be realised in H1 ▪ Gelion is a le
Slide 24: Use of funds
Use of funds Capital raising - use of funds £000 Successful capital raising of Total capital raised 4,100 £4.1m in Nov 2023 Use of funds Expansion of our footprint in OXLiD acquisition 1,250 the UK through the acquisition of OXLiD Ltd OXLiD acquisition (deferred consideration) 400 Transaction costs
Slide 25: H1 FY24 Cash use
H1 FY24 Cash use Investment into business $ OPEX and CAPEX IP investment Property, Plant & Equipment c. £2.4m c. £830k c. £400k Acquisition (incl. transaction costs*) R&D and other expenses (net of R&D tax incentives & IP OPEX) c. £2.1m c. £1.2m *Transaction costs also include costs related to capit
Slide 26: H1 FY24 continued focus on cost management
H1 FY24 continued focus on cost management Interim results confirm the effectiveness of Gelion’s cost saving initiative and strategic capital deployment 2,345 1,264 2,796 983 1,984 1,098 1,912 1,873 874 899 821 605 £000 532 £000 £000 £000 830 34 44 Jun-22 Dec-22 Jun-23 Dec-23 Jun-22 Dec-22 Jun-23 De
Slide 27: Summary and outlook
Summary and outlook 2023 2024 Established technology foundation and global platform Zinc for LiS • Technical and commercial study 1. Acquired JM/OXIS IP to secure competitive moat and establish next-gen technology platform LiS: Demonstrating core differentiation • Demonstrated validation of primary
Slide 28: Thank you.
Thank you. INFO@GELION.COM GELION.COM CONFIDENTIAL GELION 2024