Calix Ltd. · ASX:CXL
Calix — Shareholder Meeting (November 2024)
49 slides from Calix's shareholder meeting presentation, Nov 22, 2024
Slide 1: Annual General Meeting: Mars is for Quitters
Annual General Meeting 22 November 2024 MARS IS FOR calix.global QUITTERS
Slide 2: Chair's Address
Alison Deans Non-Executive Chair Chair’s Address
Slide 3: Calix Limited 2024 AGM: Acknowledgement and statements
Calix Limited 2024 AGM 22 November 2024 Acknowledgement of Social inclusion Sustainability country statement statement At Calix, sustainability means meeting our own Calix acknowledges the First Nations people and Calix embraces diversity and inclusion. It is one needs without compromising the abili
Slide 4: Board of Directors
Board ofofDirectors Board Directors Alison Deans Helen Fisher Dr Sarah Ryan Dr Phil Hodgson Dr Mark Sceats Peter Dixon Managing Director & Chief Executive Director & Chief Non-Executive Chair Non-Executive Director Non-Executive Director Non-Executive Director Executive Officer Scientist 2024 Annual
Slide 5: World Meteorological Organization Report
World Meteorological Organization Report 2024 Annual General Meeting 5 22 November 2024
Slide 6: Policies driving decarbonisation
Policies driving decarbonisation CCUS support in the U.S., carbon penalties, tariffs, & policy support in Europe, & coming in Asia-Pacific… Europe USA Asia-Pacific • Free EU ETS allowances will be progressively phased out • Strong bipartisan support for 45Q4 • China carbon pricing 7 following the in
Slide 7: Calix's core platform technology
Calix’s core platform technology A new way to “heat stuff up” CO2 captured Carbon Capture Pre-ground minerals when processing carbonate materials Unavoidable process CO2 emissions from cement & lime production & CO2 from the atmosphere are captured for use or storage. Calciner tube radiates heat to
Slide 8: ZESTY wins global Net-Zero Industry Award at COP29
ZESTY wins global Net-Zero Industry Award at COP29 “ARENA is pleased to be supporting Calix’s Australian technology aiming to decarbonise this ‘hard-to-abate’ sector and help protect Australia’s valuable export industry.” “We congratulate Calix on winning the Net-Zero Industry Award. Calix represent
Slide 9: Calix's Company Structure
Calix’s Company Structure One core platform technology with multiple applications for global industries Platform output Carbon Capture Sustainable Processing Magnesia Business Pilbara subsidiary Minerals UJV ZEAL Application Agriculture / Marine Cement & lime Direct Air Capture Lithium Alumina Iron
Slide 10: Creating value and impact
CREATING VALUE tee * Aettlig., AND:IMPACT + ee ie 2 Creating value for People LEB Communities Helping balance economic, socal & snvronmental sustainability in support > of just transition to net zero. Shareholders : Targeting shareholder reture trough ~ dlotvery to large addressable markats Our peop
Slide 11: Board of Directors: Governance and board renewal
Board of Directors Governance and board renewal 2024 Annual General Meeting 11 22 November 2024
Slide 12: Slide 12
Slide 13: CEO's Address
Phil Hodgson Managing Director and Chief Executive Officer CEO’s Address
Slide 14: FY25 strategy & priorities update
FY25 strategy & priorities update Focus on revenue generation & diligent cost management • FY25 has seen a continuation of difficult market conditions due to low commodity prices, political uncertainty & challenging capital markets. Strategy & • To navigate these market conditions, we have focused o
Slide 15: Indicative project & revenue timeline
Indicative project & revenue timeline Project / TIMELINE Business Partners Industry Product 2022 2023 2024 2025 2026 2027 2028 Leilac-2 Cement Secured grant funding Targeted financing / working capital cover Target first license revenues Lime & Zeta Cement Secured grant funding Targeted project equi
Slide 16: Leilac-2
Leilac-2 Project Partner Funding support Industry Market size Leilac-2 Cement & lime 1.4 BTpa CO21 Objectives Status Targeted next steps • Demonstrate a replicable module that can • Project successfully relocated to Heidelberg • Complete permitting process efficiently capture up to 100ktpa of unavoi
Slide 17: Project ZETA
Project ZETA Project Partners Funding support Industry Market size Project ZETA Cement & lime 1.4 BTpa CO21 Objectives Status Targeted next steps • Build a commercial demonstration electric calciner • $15m grant from the Australian Government • Complete pre-FEED study for near zero emissions lime &
Slide 18: Leilac-3: Full-scale cement & lime deployment
Leilac-3: Full-scale cement & lime deployment Projects Partners Funding support Industry Market size Multiple in development + others TBC Cement & Lime 1.4 BTpa CO21 Objectives Status Targeted next steps • Deploy Leilac’s technology at full-scale with • Heidelberg Materials & Leilac continue to expl
Slide 19: U.S. market update
U.S. market update What about a Trump administration? Market size: • The US operates around 100 cement plants (out of a global total of around 5000). • It remains an important market to establish Leilac Light- house projects, prior to wider deployment in the global south. Policy support: • 45Q has s
Slide 20: Enabling hybrid fuel use and grid-load balancing
Enabling hybrid fuel use and grid-load balancing Potential to optimise energy operating costs and create new revenues by providing a stabilising service to the grid Two responsive energy inputs: 1. Electrical heat from renewable power, or the grid, is controlled by the current in resistive heaters.
Slide 21: Leilac-3 design
Leilac-3 design Incorporating next generation hybrid-fuel technology and reduced footprint Blue: Leilac-2 – 20% of cement plant throughput Green – New module design to reach 100% throughput 2024 Annual General Meeting 21 22 November 2024
Slide 22: Direct Air Capture with Heirloom
Direct Air Capture with Heirloom Partner funding Project Partner Industry Market size support Heirloom – LA, USA Direct Air Capture >1 BTpa CO21 Objectives Status Targeted next steps • Build Leilac’s electric calcination and carbon • Global & perpetual licence agreement signed for • Continue to deli
Slide 23: Direct Air Capture with Heirloom
Direct Air Capture with Heirloom Impression of a 17kpta DAC facility in Louisiana, USA 2024 Annual General Meeting 23 22 November 2024
Slide 24: Mid-stream demonstration plant with Pilbara Minerals UJV
Mid-stream demonstration plant with Pilbara Minerals UJV Project Partner Funding support Industry Market size PLS UJV Mid-Stream Lithium Royalty % of US$7Bpa1 Objectives Status Targeted next steps • Demonstrate lower CAPEX & OPEX for mineral • Project remains on budget3 & 60% complete to • The Proje
Slide 25: Rapid restart planned when conditions improve
Rapid restart planned when conditions improve Key equipment fabricated and being delivered to site. Construction expected to be completed in 4 months following restart Earthworks, Procurement & Project Engineering Assembly Commissioning & Operations Fabrication pause Completed by Dec 24 Restart + 4
Slide 26: Zero Emissions Steel Technology
Zero Emissions Steel TechnologY Project Partner Funding support Industry Market size Royalty % of ZESTY Green Iron Demo Iron & Steel US$640Bpa1 Objectives Status Targeted next steps • Develop industry leading H2-DRI technology • ZESTY proven at pilot scale, with metallisation • Finalise commercial &
Slide 27: ZESTY wins global Net-Zero Industry Award at COP29
ZESTY wins global Net-Zero Industry Award at COP29 ZESTY wins COP29 global Net-Zero Industry Award for Outstanding Project The award was presented by Ministers Chris Bowen (Australia) and Leonore Gewessler (Austria). Organised by Mission Innovation’s Net-Zero Industries Mission: • The Mission is led
Slide 28: Magnesia
Magnesia Product Partners Funding support Industries Market size Magnesium Hydroxide N/A Water, Agriculture, Bio Multi US$Bpa1 Liquid Objectives Status Targeted next steps • Grow sales of MHL products for sustainable water • Development of ‘specialties’ applications and Mg • Accelerating revenue gro
Slide 29: Sustainability Progress
Sustainability Progress Sustainability highlights for FY24 Reported scopes 1, 2 and 3 with improved accuracy and detail Launched our first Diversity, Equality and Inclusion series Enhanced the company-wide Health & Safety Management System Distributed 38 IBCs for reuse as part of our waste reduction
Slide 30: FY25 KPI Dashboard Targets
FY25 KPI Dashboard Targets Key priorities – Initiatives driving revenue growth ● On track ● Behind ● Watch point ● Pivot KPI Dashboard Targets for FY25 Corporate 10% ● Corporate Affairs, Sustainability, People & Culture KPIs Carbon Capture Sustainable Processing Magnesia 30% 30% 30% ● Leilac-2 – Enn
Slide 31: Summary and FY25 Outlook
Summary and FY25 Outlook Creating a sustainable basis for growth & acceleration • Challenging market conditions have slowed the pace of decarbonisation across the world. However, strong global commitments and policy drivers remain. • To navigate current conditions, Calix has introduced diligent cost
Slide 32: Q&A
Q&A 2024 Annual General Meeting 22 November 2024 32 32
Slide 33: Formal business of the meeting
Alison Deans Non-Executive Chair Formal business of the meeting
Slide 34: Consideration of the financial report
Item of business Consideration of the financial report Consideration of Financial Report: “To consider and discuss the Financial Report, including the Directors’ Report and the Auditor’s Report, for the year ended 30 June 2024.” There is no vote on this item. 2024 Annual General Meeting 34 22 Novemb
Slide 35: Resolution: The Remuneration Report
Item of business Resolution 1 – The Remuneration Report To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That the Remuneration Report of the Company for the financial year ended 30 June 2024, which forms part of the Directors’ Report, be adopted.” For Res
Slide 36: Resolution: The election of Peter Dixon
Item of business Resolution 2 – The election of Peter Dixon To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That Peter Dixon, who retires after having been appointed by the Directors as a director to fill a casual vacancy under clause 13.10 of the Compan
Slide 37: Resolution: The election of Dr Sarah Ryan
Item of business Resolution 3 – The election of Dr Sarah Ryan To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That Dr Sarah Ryan, who retires after having been appointed by the Directors as a director to fill a casual vacancy under clause 13.10 of the Co
Slide 38: Resolution: Performance rights to Phil Hodgson
Item of business Resolution 4 – The approval of the issue of performance rights to Phil Hodgson under the Calix EIS To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That for the purposes of ASX listing rule 10.14 and for all other purposes, the issue of 1
Slide 39: Resolution: Performance rights to Mark Sceats
Item of business Resolution 5 – The approval of the issue of performance rights to Mark Sceats under the Calix EIS To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That for the purposes of ASX listing rule 10.14 and for all other purposes, the issue of 70
Slide 40: Resolution: Issue of shares to directors in lieu of fees
Item of business Resolution 6 – The approval of the issue of shares to the directors in lieu of fees To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, pursuant to and in accordance with Listing Rule 10.11 and for all other purposes, Shareholders appr
Slide 41: Q&A
Q&A 2024 Annual General Meeting 22 November 2024 41 41
Slide 42: Calix Limited 2024 AGM: Thank you
Calix Limited 2024 AGM 22 November 2024 Thank you Acknowledgement of Social inclusion Sustainability country statement statement At Calix, sustainability means meeting our own Calix acknowledges the First Nations people and Calix embraces diversity and inclusion. It is one needs without compromising
Slide 43: Appendix
Appendix 2024 Annual General Meeting 22 November 2024 43 43
Slide 44: Glossary
Glossary Term Meaning Aluminium (Al) Chemical element with the symbol Al Antimicrobial Antimicrobial products kill or slow the spread of microorganisms, including bacteria, viruses and fungi. AMR Antimicrobial resistance – the development of resistance in bacteria, viruses, fungi and parasites to an
Slide 45: Glossary
Glossary Term Meaning CRC Cooperative Research Centre – Australian Government supported industry-led collaborative research centres CRC SAAFE Cooperative Research Centre Solving Antimicrobial Resistance in Agribusiness, Food, and Environments DAC Direct Air Capture – the extraction of carbon dioxide
Slide 46: Glossary
Glossary Term Meaning Hematite A mineral that is an ore of iron HILT CRC Heavy Industry Low-carbon Transition Cooperative Research Centre Hydrometallurgy A metal recovery method used to obtain metals from ores and waste materials HyGATE German-Australian Hydrogen Innovation and Technology Incubator
Slide 47: Glossary
Glossary Term Meaning MHL Magnesium Hydroxide Liquid MOU Memorandum of Understanding Nanoporous A material with a regular, porous structure, with a pore size generally less than 100 nanometres. Pelletisation The formation of pellets from finer materials to aid in handling PLS Pilbara Minerals, an Au
Slide 48: Important Disclaimer
Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). INVESTMENT RISK SUMMARY INFORMATION An investment in Calix securities is subject to investment and other known and unknown risks, some of which are beyond the control of This presentation cont
Slide 49: Mars is for quitters
Investor relations Media enquiries Investorrelations@calix.global media@calix.global calix.global Subscribe to our Newsletter Mars is for quitters