Silex Systems Limited · ASX:SLX
Silex Systems — Non-Deal Roadshow (February 2014)
34 slides from Silex Systems's roadshow presentation, February 2014
Slide 1: Silex Systems Limited Investor Roadshow & ASX Spotlight Series
Silex Systems Limited Investor Roadshow & ASX Spotlight Series Dr Michael Goldsworthy, CEO / Managing Director February/March 2014 © Silex Systems Limited 2014
Slide 2: Forward Looking Statements
P2 Forward Looking Statements 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 technology. Several of
Slide 3: Disclaimer
P3 Disclaimer 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 representation or warranty, e
Slide 4: Focus on Clean Energy
P4 Focus on Clean Energy Silex Systems is a global clean energy company, focusing on the development and commercialisation of innovative and potentially disruptive energy efficient technologies © Silex Systems Limited 2014
Slide 5: Silex Overview
P5 Silex Overview Market Data Top Shareholders* Market Cap* ~ $370 M* Jardvan P/L (Private) 17.5% Shares on issue 170.37 M M&G Investment 10.0% Listed on ASX with ASX: SLX BNY Mellon (Newton) 9.0% ticker code: Related Parties 7.3% Listed on OTCQX with OTCQX: SILXY * Current as at 31 January 2014 tic
Slide 6: Access to Silex Systems via U.S. OTCQX Market
P6 Access to Silex Systems via U.S. OTCQX Market ADR Benefits to U.S. Investors: Silex Systems Limited ADR trading info: • ADRs give direct access to our listed equity capital base allowing participation in • Symbol SILXY cross-border market liquidity • CUSIP 827046103 • Ratio 1 ADR : 5 ORDs • Compa
Slide 7: Portfolio of Innovative Technologies
P7 Portfolio of Innovative Technologies Our foundation technology: • The SILEX laser enrichment technology: potentially a game changing innovation for the global uranium enrichment industry Other technologies in the portfolio: • Solar Systems: unique ‘Dense Array’ solar technology which combines
Slide 8: Why are our technologies important?
P8 Why are our technologies important? Addressing key issues for energy security Clean energy + high efficiency through innovation Solar dish technology – world leading efficiency Nuclear power – clean, affordable base load electricity Advanced high efficiency power electronics …our commitment t
Slide 9: SILEX Laser Uranium Enrichment Technology
Section 2 SILEX Laser Uranium Enrichment Technology © Silex Systems Limited 2014
Slide 10: Commercialisation and License Agreement
P10 Commercialisation and License Agreement Perpetual Royalty Agreement with Global Laser Enrichment (GLE) • Exclusive worldwide commercialisation and license agreement for the SILEX Technology – signed in 2006 • GLE funding of commercialisation program and potential 51% 25% 24% future plant constru
Slide 11: Advantages of the SILEX Technology
P11 Advantages of the SILEX Technology • Enrichment is the most difficult and costly step in making nuclear fuel for power reactors (~35% to 40% of total cost) • SILEX is a breakthrough in efficiency – most cost effective enrichment method • Anticipated to have the lowest capital costs of all enrich
Slide 12: GLE's Phased Approach to Commercialisation
P12 GLE’s Phased Approach to Commercialisation Phase Objectives Status Technology validation - Test Loop facility and NRC commercial Phase I: plant license approval Completed Economic and engineering validation for the initial commercial Phase II: production plant Commenced in 2012 Phase III: Constr
Slide 13: Recent Highlights
P13 Recent Highlights SILEX Laser Enrichment September 2012: Commercial Plant License US Nuclear Regulatory Commission license approval for first planned commercial plant in Wilmington, North Carolina May 2013: Technology Validation Phase I Test Loop Milestone successfully completed – triggering
Slide 14: Paducah Enrichment Plant Opportunity Update
P14 Paducah Enrichment Plant Opportunity Update US DOE selected GLE’s laser enrichment proposal in November 2013 • Closure of existing 1st generation gaseous diffusion plant in May 2013 – led to Department of Energy (DOE) bid process for future operations. • GLE submitted a proposal to the DOE in Au
Slide 15: Nuclear Energy Market Outlook
P15 Nuclear Energy Market Outlook Global Nuclear Capacity to Increase • Potential increase in nuclear capacity from 434 plants today to ~ 987 plants over next 2 decades Key Nuclear Markets – power plants Key Statistics Country 2014 2030** 11 percent of global electricity TOTAL – all Countries 434
Slide 16: Why Nuclear Power is Essential to Sustainable Growth
P16 Why Nuclear Power is Essential to Sustainable Growth Equivalent 1GWe Power Generation Plants Nuclear Coal Gas Fuel / yr* ~20 tons ~4,000,000 tons ~1,000,000 tons CO2 Emissions* 0 tons ~6,000,000 tons ~3,000,000 tons Cost* $65 ~ $100 $65 ~ $100 $55 ~ $100 (LCOE) / MWh *Sources: Various third part
Slide 17: SILEX Technology Royalty Business Model
P17 SILEX Technology Royalty Business Model Our business model for uranium enrichment: Only 3rd Gen Cost free High value Long term growth technology commercialisation perpetual royalty story • The only 3rd • No further • Contracted • Nuclear power generation development range of royalty capacity set
Slide 18: Solar Systems: CPV Dish Technology and Utility Scale Projects
Section 3 Solar Systems: CPV Dish Technology and Utility Scale Projects © Silex Systems Limited 2014
Slide 19: Key Highlights HY 2014
P19 Key Highlights HY 2014 Solar Systems CPV Dish Technology Technology Validation Australia’s first grid-connected Concentrating Photovoltaic (CPV) Dish Solar Power Station (1.5MW, 40 dishes) opened in Mildura, Australia (July 2013) The plant is operating and exporting electricity to the grid
Slide 20: Key Highlights HY 2014
P20 Key Highlights HY 2014 Solar Systems CPV Dish Technology Global Market Opportunities Construction of a 1MW (28 dish) power plant at the Nofa Equestrian Resort near Riyadh, Saudi Arabia, is almost complete and commissioning has commenced Business development activities are primarily focused o
Slide 21: Advantages of Our Solar Technology
P21 Advantages of Our Solar Technology • The unique ‘Dense Array’ Dish Concentrator combines the world’s most efficient solar cells (current efficiency >40%, with roadmap to >50%) with low cost balance of system • Parabolic dishes accurately track the sun to capture sunlight and focus onto the ‘Dens
Slide 22: Solar Systems Stage Gated Business Development Strategy
P22 Solar Systems Stage Gated Business Development Strategy • Phase 1: Technology validation completed in 2013 • Phase 2: Economic feasibility underway 2014 – 2016 Phase 1: Technology Validation + Demonstration Plants Phase 2: Economic Feasibility + Initial Scale-Up March 2010 Initial Investment Pha
Slide 23: Current Development Pipeline
P23 Current Development Pipeline Project Location Capacity Planning Construction Mildura (Stage 2) Victoria, Australia 100 MW Underway TBA QLD Queensland, Australia 10 to 50 MW Pre-feasibility TBA Nofa Tibrak, Saudi Arabia 1 MW Completed Commissioning underway Beaumont California, USA Up to 1 MW Pre
Slide 24: Australian Utility–Scale Power Station Opportunities
P24 Australian Utility–Scale Power Station Opportunities Planning and Preparation Activities • Several mid to large scale projects being considered • Preliminary discussions (financing, construction, grid connection, transmission and PPA) • Potential 100MW project at Mildura - subject to successful
Slide 25: Saudi Arabia – a Key Market for Solar Systems CPV
P25 Saudi Arabia – a Key Market for Solar Systems CPV Nofa Resort 1MW Facility – Saudi Arabia • Saudi Arabian government launching a 40GW solar power program worth US$109 billion • Aim to replace domestic oil consumption by 2032 (annual revenue loss ~US$100 billion) • Ideal region for Solar Systems’
Slide 26: Translucent Advanced Materials Technology
Section 4 Translucent Advanced Materials Technology © Silex Systems Limited 2014
Slide 27: Power Conversion applications
P27 Initial Applications – Epiwafer Products • Silicon has reached its performance limits and cannot Electric vehicle power perform power conversion as efficiently as GaN converters Power Conversion applications • GaN-on-Si is emerging as the future substrate for high efficiency power conversion dev
Slide 28: Key Milestones – Provisional Commercialisation Timeline
P28 Key Milestones – Provisional Commercialisation Timeline* • Fabricating device prototypes H1-2014 to leverage customer engagement H2-2014 • Planned first epiwafer product qualification for power electronics and solar H2-2014 1) Power Electronics: Epiwafer scaling to Power electronics epiwafer qua
Slide 29: ChronoLogic Instrumentation Technology
Section 5 ChronoLogic Instrumentation Technology © Silex Systems Limited 2014
Slide 30: Highlights and Commercial Strategy
P30 Highlights and Commercial Strategy • Productive outcomes from two trade show exhibitions in Shanghai (November) and Santa Clara – California (January) – with growing industry interest • Third generation USB-inSyncTM technology completed and successfully demonstrated to several key industry playe
Slide 31: Silex Systems Overview
Section 6 Silex Systems Overview © Silex Systems Limited 2014
Slide 32: Potential Milestones and Value Drivers for Silex
P32 Potential Milestones and Value Drivers for Silex Timing Drivers Short Term Potential Paducah Opportunity – SILEX laser enrichment technology Solar Systems utility-scale project plans in Australia Translucent commercialisation milestones and partnering activities ChronoLogic OEM partnerin
Slide 33: Silex Core Investment Case
P33 Silex Core Investment Case Primary asset: the ‘SILEX’ uranium enrichment technology - the only third generation laser-based enrichment technology in the world SILEX technology is under licence to Global Laser Enrichment (GLE) - a business venture of GE (51%), Hitachi (25%) and Cameco (24%)
Slide 34: Thank you
Thank you © Silex Systems Limited 2014