Li-S Energy Ltd · ASX:LIS
Li-S Energy — Shareholder Meeting (November 2026)
27 slides from Li-S Energy's shareholder meeting presentation, Nov 10, 2026
Slide 1: ASX Announcement: Chairman's Statement and MD Presentation
For personal use only ASX ANNOUNCEMENT FOR IMMEDIATE RELEASE TO THE MARKET Li-S Energy Limited – ASX Code: LIS Tuesday, 10 November 2026 Chairman’s Statement and MD Presentation Li-S Energy Limited (ASX: LIS) (“LIS” or “the Company”) is pleased to provide the following which will be presented at the
Slide 2: Chairman's Statement: Introduction and 2026 Progress
For personal use only Li-S Energy AGM 2026 Chairman’s Statement 10 November 2026 Introduction Welcome to the 2026 AGM for Li-S Energy. Firstly, I would like to acknowledge the Turbal People on who’s lands we are meeting and pay my respects to their elders – past, present and emerging. It is my pleas
Slide 3: Strategic Focus
Strategic Focus As you would expect, the Board and management team have a strong focus on the strategy going forward. We see the strategy broadly encompassing four core dimensions and believe that execution across these strategic pillars will deliver long-term value. The four core dimensions are: Fo
Slide 4: Chairman's Statement: Executive Incentives and Shareholder Support
we are putting to our shareholders today. This is an at risk incentive design to motivate and retain the critical senior executive team to deliver on the strategic priorities that will deliver long-term shareholder value. LIS is at a critical juncture as a business so this is a one-time allocation t
Slide 5: 2026 AGM Managing Director's Presentation
rsonal use only 2026 AGM MANAGING DIRECTOR’S PRESENTATION 10 NOVEMBER 2026 ASX:LIS
Slide 6: Disclaimer
DISCLAIMER This presentation has been prepared by Li-S Energy Limited (“LIS” or the “Company”) based on information available to it as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investme
Slide 7: 2026: A Year of Breakthroughs
2026: A Year of Breakthroughs FROM DEVELOPMENT TO REAL-WORLD VALIDATION 1 2 rsonal use only POWER CELL PEGASUS FLIGHT R&D to product Nearly 2 hours In less than 12 months 75 km on one battery pack MSUBS TESTING 1,000 m depth Successful simulated-pressure testing 3 US ARMY DEVCOM Power Cells delivere
Slide 8: The LIS Unique Selling Proposition
The LIS Unique Selling Proposition FOUR COMPELLING ADVANTAGES THAT DELIVER A USP IN A RAPIDLY EXPANDING MARKET rsonal use only Higher Energy. More Power. Sovereign & Allied Supply Lightweight batteries designed to extend mission range, Australian-made cells and lithium foil, without graphite, endura
Slide 9: The Opportunity Has Expanded
The Opportunity Has Expanded rsonal use only Rapid scaling in defence uncrewed systems has created a major market opportunity for Li-S Energy. 5
Slide 10: Government Defence Drone Commitments
Government Defence Drone Commitments 2026 marked a fundamental pivot across allied military forces towards unmanned systems rsonal use only US: FY2026 request (Jun 2025): US$13.4B autonomy plus US$3.1B counter-UAS; FY2027 request (Apr 2026): over US$74B drone dominance and counter-drone. Excludes ~U
Slide 11: Performance Advantages
Performance Advantages MORE ENERGY. EXTENDED RANGE. GREATER ENDURANCE rsonal use only 90min FLIGHT TIME(3) Energy Density Advantages 170min 200km RANGE(3) 380km 8hrs OPERATING TIME(4) 15hrs Li-ion Li-S Energy(2) NMC(1) 5days MISSION TIME(5) 1) 2) Compared to Panasonic NCR18650BF – a typical example
Slide 12: Sovereign Manufacture & Allied Supply Chain
Sovereign Manufacture & Allied Supply Chain We build our cells here in Australia, and have established an allied supply chain vital to defence customers Li-S Energy’s lightweight batteries deliver a broad scale capability enhancement across the unmanned systems landscape – while also rsonal use only
Slide 13: Our New Power Cells
rsonal use only OUR NEW POWER CELLS The most significant technology advancement since our IPO - delivering world leading performance from production lithium sulfur cells
Slide 14: 10Ah Power Cell: Expanding the Market for Lithium Sulfur
10Ah Power Cell: Expanding the market for lithium sulfur technology rsonal use only B R E AK T H R O U H P E R F O R M AN C E F O R D R O N E S , R O B O T I C S & C O M M U N I C AT I O N S 2C 5C Continuous Peak discharge discharge (60 seconds) >1500 x20 W/kg Discharge power vs standard Li-S 10
Slide 15: 11Ah Power Cell: Pushing the Boundaries of Power
11Ah Power Cell: Pushing the Boundaries of Lithium Sulfur Battery Power rsonal use only U L T I M AT E L I G H T W E I G H T P O W E R P E R F O R M AN C E F O R S I N G L E U S E AN D L O W C Y C L E L I F E AP P L I C A T I O N S 7C 10C Continuous Peak discharge discharge (20 seconds) >2400 x50 W/
Slide 16: Scope of Applications
Scope of Applications Energy Cell rsonal use only ~500 Wh/kg | 0.2C ● Maximum energy density XLUUVs – Long-endurance, deep ● Long endurance missions HAPS – High-Altitude Pseudo Satellites (to 1,000 m) 10Ah Power Cell 10Ah | 2C Continuous 5C Peak | >100 Cycles ● Balanced power & cycle life Robotics &
Slide 17: Our Partners & Programs
rsonal use only OUR PARTNERS & PROGRAMS Working with partners to prove our cell technology delivers the capability advantage they need.
Slide 18: First LIS cells delivered to a US Government agency
rsonal use only First LIS cells delivered to a US Government agency in August 2026 • C5ISR is US Army premier testing and acquisition capability • Li-S Energy 10Ah Power Cells delivered to C5ISR at the US Army Aberdeen Proving Ground (Maryland) for testing • Applications considered include UAV, Land
Slide 19: MSubs depth testing
rsonal use only • MSubs supplies crewed and uncrewed submarines and UUVs to US Navy, USSOCOM, British Royal Navy and others • Their all electric XLUUVs require batteries that operate under extreme pressure • Li-S Energy cells successfully passed depth testing, delivering propulsion power equivalent
Slide 20: Defence Unmanned System Partners
Defence Unmanned System Partners rsonal use only Praetorian Multi-national Safesky Systems EPE Aeronautics Defence Prime • Counter-UAV interceptor drone • Unmanned air & land systems • Tactical uncrewed aerial A structured route into partner system systems (UAS) network of 60+ allied defence and • S
Slide 21: Pegasus Long Endurance Drone
Pegasus Long Endurance Drone • Project successfully completed with a 2-hour 75km flight achieved on a single LIS battery pack • Partners: V-TOL Aerospace & Halocell rsonal use only • Co-funded by Federal Government through a $1.3M Emerging Aviation Technology Partnership grant • Target markets mappi
Slide 22: Our Pathway to Scale
rsonal use only OUR PATHWAY TO SCALE Charting our course to scaled commercial production
Slide 23: Production Scale-up Strategy
PHASE 3 PHASE 4A PHASE 4B PHASE 5 Production rsonal use only Scale-up Strategy CURRENT DESIGN PHASED BUILD JV / LICENCE FACILITY UP TO 1GWh INTERNATIONALLY FROM PILOT MANUFACTURING TO COMMERCIAL SCALE
Slide 24: Financial Snapshot
Financial Snapshot Federal Grants and R&D Tax Credits (amount secured by program) (AUD$ Millions) • Significant investments in capital infrastructure rsonal use only and battery development programs completed. $7.9M • Secured $22.4M in federal grants and funding, $5.8M $5.7M with $9.3M of the funds
Slide 25: 2026: A Year of Delivery
2026: A Year of Delivery MOMENTUM THAT MATTERS rsonal use only Nearly 2-hour / 75km Cells delivered to Power Cell New collaborations EATP flight US Army developed and with MSubs, Praetorian Milestone DEVCOM delivered & Safesky First commercial MSubs 1000m $7.8M ARENA Grant Phase 4 feasibility lithiu
Slide 26: Progress in Action
Progress in Action EATP PEGASUS: NEAR 2 HOURS IN THE AIR OVER 75KM FLIGHT ON Li-S ENERGY BATTERY rsonal use only A drone flying over a field AI-generated content may be incorrect. Video direct link
Slide 27: Thank You
rsonal use only THANK YOU DR LEE FINNIEAR Managing Director & CEO BEN SPINCER Chairman www.lis.energy