Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (November 2021)
34 slides from Bluglass's shareholder meeting presentation, Nov 22, 2021
Slide 1: Annual General Meeting 22 November 2021
BLUGLASS (ASX:BLG) Annual General Meeting 22 November 2021 BLUGLASS 2021 ANNUAL GENERAL MEETING
Slide 2: Contents
CONTENTS 01. Chair’s Report 03 2021 Progress Highlights 05 2021 Challenges 06 Financial Performance 07 Intellectual Property Update 08 Outlook 09 02. President’s Report 10 Industry Overview and Market Opportunity 11 Economic Drivers 17 Industry Challenges 18 Plan to transition BluGlass 21 The 4 Ingr
Slide 3: Forward Looking Statement
FORWARD LOOKING STATEMENT This document has been prepared by BluGlass Limited to provide readers with an update of the Company and the Company’s technology. Any statements, opinions, technical data and information, or other material contained in this document, do not constitute commitments, represen
Slide 4: James Walker Chair's Report
JAMES WALKER CHAIR’S REPORT BLUGLASS 2021 ANNUAL GENERAL MEETING
Slide 5: 2021 Progress Highlights
2021 PROGRESS HIGHLIGHTS JULY 2020 JULY 2020 OCTOBER 2020 MAY 2021 Awarded a $250K Advanced Commissioned the first Won a US government funded Renowned laser diode Manufacturing Growth large-scale RPCVD contract with Yale University to pioneer (co-founder of Centre (AMGC) grant to platform, the BLG-5
Slide 6: 2021 Challenges
2021 CHALLENGES Technology setbacks and supply chain issues delayed the launch of our first direct-to-market GaN laser diodes ▪ Reliability testing showed packaging flaws, optical facet degradation, and issues with metalisation ▪ Using analytical techniques to focus on failure modes to identify comp
Slide 7: Financial Performance
FINANCIAL PERFORMANCE YtY Movement 2021 2020 2021-2020 $ % Sales Revenue 363,573 655,830 Down 45% EpiBlu Foundry Revenue 225,492 505,830 Down 55% Laser Diode Revenue 138,081 150,000 Down 8% Other Income 662,111 149,976 Up 340% Interest 4,782 29,976 Down 526% Government grants 657,329 120,000 Up 447%
Slide 8: Global Patent Portfolio – IP Update
GLOBAL PATENT PORTFOLIO – IP UPDATE BluGlass Intellectual Property Map – Protecting key semiconductor 86 Internationally Granted Patents Patents manufacturing jurisdictions 16 Applications in Patents PCT Phase 08 Active PatentsPatent Families 17 Patents Trademarks 8 NOVEMBER 2021 BLUGLASS 2021 ANNUA
Slide 9: Outlook to 2022 and Beyond
OUTLOOK TO 2022 AND BEYOND New Internationally Systematically Overcoming Clear Roadmap to Deliver Large and Growing Laser Experienced LD Talent Challenges Products & Revenue Diode End Markets • Appointed industry veteran Jim • Focus on delivering four key ingredients (Epi, Metals, Facets, BluGlass a
Slide 10: Jim Haden President's Report
JIM HADEN PRESIDENT’S REPORT BLUGLASS 2021 ANNUAL GENERAL MEETING
Slide 11: Industry Overview - Laser Revenue Growth Forecast (2019–25)
INDUSTRY OVERVIEW - LASER REVENUE GROWTH FORECAST (2019 – 2025) Laser revenue near triples in past decade Driven by the adoption of high-tech applications around the globe such as: smart phones and TV’s, 3D printing, electric vehicle and renewable energy storage, as well as significant growth across
Slide 12: Market Overview – Global Laser Revenue Forecast by Segment
MARKET OVERVIEW – GLOBAL LASER REVENUE FORECAST BY SEGMENT (2019-2025) Global Laser Revenue % by Market Segment Global Laser Revenue by Market Segment (2019-2025) (US$M) 2019 30000 25000 23 20000 42 15000 3 10000 18 5000 9 0 2019 2020 2021 2022 2023 2024 2025 Communications Display & Lighting Scient
Slide 13: Market Overview – Global GaN Laser Revenue Forecast by Segment
MARKET OVERVIEW – GLOBAL GAN LASER REVENUE FORECAST BY SEGMENT (2019-2025) GaN Laser Revenue (Laser Systems) $2,500 $2,000 $1,500 US$2.5B $1,000 GaN Laser Systems Revenue opportunity by 2025 $500 $0 2020 2021 2022 2023 2024 2025 Display & Light Shows Sensors & Instruments (Scientific) R&D (other) Mi
Slide 14: Market Overview – BluGlass Service Available Market
MARKET OVERVIEW – BLUGLASS SERVICE AVAILABLE MARKET (2020-2025) BluGlass Serviceable Available Market (2020-2025) (US$M) 800.0 700.0 600.0 BluGlass Service Available Market opportunity by 2025 is 500.0 US$735M 400.0 300.0 BLG has an estimated installed EPI Capacity 200.0 to support US$170M in revenu
Slide 15: Industry Overview – GaN Market Verticals
INDUSTRY OVERVIEW – GaN MARKET VERTICALS Industrial Scientific Biotech/Life Display Lighting Markets Markets Science Markets Markets Markets (405nm, 450nm, (405nm, 420nm, (405nm, 420nm, (450nm, 525nm) (450nm) 525nm) 450nm, 490, 525nm) 450nm, 490, 525nm) Applications: Applications: Applications: Appl
Slide 16: Industry Overview – BluGlass Target Markets
INDUSTRY OVERVIEW – BLUGLASS TARGET MARKETS Industrial Scientific BioTech BluGlass’ Industrial Product BluGlass’ Scientific Product BluGlass’ BioTech Addressable Market by 2025 is Addressable Market by 2025 is Product Addressable Market by 2025 is US$240M US $80M US $60M Target Applications: Welding
Slide 17: Industry Challenges - Economic Drivers
INDUSTRY CHALLENGES - ECONOMIC DRIVERS Increased manufacturing flexibility Customers are looking for cost effective solutions that are easy to integrate Power ($/W) Price per Watt of power is a key metric. Like the price per computing power, the laser market demands reduced $/W Brightness ($/W/mRad)
Slide 18: Industry Challenges – BluGlass Value Proposition
INDUSTRY CHALLENGES – BLUGLASS VALUE PROPOSITION BluGlass’ target market position Why there is a need for BluGlass Providing plug and play easy-to-use laser Existing large players do not provide flexible form-factors light through: and wavelengths – requiring significant customisation and post purch
Slide 19: Plan to Transition BluGlass to Production & Profitability
PLAN TO TRANSITION BLUGLASS TO PRODUCTION & PROFITABILITY Achieve a competitive advantage: outperforming rivals through a combination of strategic positioning and operational effectiveness • Strategic positioning: Perform different activities or similar activities in different ways (core competencie
Slide 20: Short and Long-Term Strategic Requirements
SHORT AND LONG-TERM STRATEGIC REQUIREMENTS • Develop an initial laser diode solution Satisfy all three that provides conditions of a satisfaction to the successful strategy: Short-term immediate market Long-term Objectives • Profit Objectives • Put the company • Security on a path of • Market Satisf
Slide 21: Plan to Transition BluGlass – Product
PLAN TO TRANSITION BLUGLASS – PRODUCT 1. PRODUCT Provide continuous flow of in-demand products to the market: • Focus on delivering four key ingredients (Epi, Metals, Facets, Bonds) to launch our first laser diode product • Capitalise on our epitaxial foundation • Conduct non-product module short-lo
Slide 22: Plan to Transition BluGlass – Culture & Talent
PLAN TO TRANSITION BLUGLASS – CULTURE & TALENT 2. CULTURE 3. TALENT Transition from licensing to a product Attract and retain BluGlass’ world-class development and production culture: innovative team: • Maintain culture of entrepreneurial innovation • Ensure we have the right talent optimized • Inst
Slide 23: BluGlass Laser Diode Manufacturing Steps
BLUGLASS LASER DIODE MANUFACTURING STEPS Inhouse steps Currently out-sourced steps DESIGN/MODEL EPITAXIAL WAFER WAFER FABRICATION WAFER FABRICATION GROWTH STEP 2 SUBSTRATE THINNED SUBSTRATE N-CONTACT CLEAVE METALISATION HR COATING AR COATING LASER DIODE PRODUCT READY RELIABILITY CHIP ON SUBMOUNT (Co
Slide 24: BluGlass Laser Diode Form Factor Offerings
BLUGLASS LASER DIODE FORM FACTOR OFFERINGS Single Emitters & Chip-on-Submount Individually Packaged Multi-Chip LD Bars (CoS) Devices Modules 24 NOVEMBER 2021 BLUGLASS 2021 ANNUAL GENERAL MEETING
Slide 25: The Four Key Ingredients for Reliable Commercial Laser Diodes
THE FOUR KEY INGREDIENTS FOR RELIABLE COMMERCIAL LASER DIODES 01. EPI - Low loss, high gain epitaxy • Develop quick turn epitaxial diagnostic growth metrics • Establish feedback loop to refine laser structure and growth conditions • Refine reactor strategy and allocation. Our estimates suggest we ha
Slide 26: Laser Diode Product and Operations Timeline
LASER DIODE PRODUCT AND OPERATIONS TIMELINE Product Roadmap - Task Market Segment CY2021 CY2022 CY2023 CY2024 LASER DIODE PRODUCT DEVELOPMENT Prototype devices (feasibility) Metals Validation Thermal Mechanical Validation T P BluGlass Laser Diodes EPI (MOCVD) Validation Facet Validation LD Beta Samp
Slide 27: BluGlass Laser Diode Product Sales Economic Scenarios
BLUGLASS LASER DIODE PRODUCT SALES ECONOMIC SCENARIOS Aggregate Market Share of % of TAM is based on BluGlass Economic Scenarios (2022-2026) (AUD$M) the timely achievement of technical milestones. $100 10.0% Other Lasers Stretch revenue is based on the timely $90 achievement of BluGlass’ technical m
Slide 28: Summary and Outlook
SUMMARY AND OUTLOOK Solving reliability to launch range of laser diode products to market BluGlass is focused on delivering the four key elements to achieve reliable, commercial products ready for sale: (Epitaxy, Metals, Facets and Bonds) Strategic positioning BluGlass is delivering products to addr
Slide 29: Questions
QUESTIONS BLUGLASS 2021 ANNUAL GENERAL MEETING
Slide 30: Online Q&A
Online Q&A 1. Click on the Q&A icon 2. Type your question in the 3. Hit enter on your keyboard new Q&A window to submit your message To contact Automic support: Please call 1300 816 159 (within Australia) or +61 2 8072 1479 (outside of Australia) BLUGLASS 2021 ANNUAL GENERAL MEETING
Slide 31: Official Business
OFFICIAL BUSINESS BLUGLASS 2021 ANNUAL GENERAL MEETING
Slide 32: Voting Instructions: Automic Portal
Voting Instructions: Automic Portal 1 2 3 Go to Once logged in you will see that Click on “register” to register your https://investor.automic.com.au/# the meeting is open for attendance for the meeting /home registration. Click on “view” BLUGLASS 2021 ANNUAL GENERAL MEETING
Slide 33: Voting Instructions: Automic Portal
Voting Instructions: Automic Portal TBC 4 5 6 Once the Chair of the Meeting To vote simply select the direction Once voting is declared closed declares voting open, you should in which you would like to cast you must select “next” and then select “refresh” your vote, the selected option will “confir
Slide 34: Thank You
THANK YOU BluGlass Limited (ASX:BLG) www.bluglass.com.au BLUGLASS 2021 ANNUAL GENERAL MEETING