Slide 1: BluGlass Investor Presentation
For personal use only BluGlass Investor Presentation Giles Bourne, CEO BluGlass Limited July 2011 1 BLUGLASS UPDATE JULY 2011 WWW.BLUGLASS.COM.AU
Slide 2: Disclaimer
DISCLAIMER For personal use only This document has been prepared by BluGlass Limited to provide existing and prospective investors in BluGlass Limited with an update. Any statements, opinions, or other material contained in this document do not constitute any commitments, representations or warranti
Slide 3: Executive Summary
EXECUTIVE SUMMARY For personal use only BluGlass has patented processes for exploiting Remote Plasma Breakthrough Chemical Vapour Deposition (RPCVD) (“BluGlass Technology”) ✓ Technology Applicable to several large end markets Superior performance potential for LED and PV devices enabled Significant
Slide 4: Contents
CONTENTS For personal use only BLUGLASS OVERVIEW 5 THE LED OPPORTUNTITY 8 LED Market Drivers Equipment Market The LED Value Chain THE SOLAR OPPORTUNITY 12 BluSolar InGaN Solar Cells PV Market Growth The CPV Value Chain STRATEGIC PARTNERSHIP 19 The JV with SPTS Roadmap to Market CONCLUSIONS 22 4 BLUG
Slide 5: Virtual Tour
VIRTUAL TOUR For personal use only 5 BLUGLASS UPDATE JULY 2011 WWW.BLUGLASS.COM.AU
Slide 6: A Platform Technology
A PLATFORM TECHNOLOGY For personal use only BluGlass Technology can serve several end markets including LED and PV 6 BLUGLASS UPDATE JULY 2011 WWW.BLUGLASS.COM.AU
Slide 7: BluGlass Technology
BLUGLASS TECHNOLOGY For personal use only BluGlass Technology has significant benefits over existing industry processes Industry Standard Technology BluGlass Technology TEMPERATURES LOWER TEMPERATURE TYPICALLY OVER 1000°C PROCESS AMMONIA FREE CHAMBER OUTPUT High temperature (typically >1000°C). Perf
Slide 8: LED Opportunity
For personal use only LED OPPORTUNITY 88 BLUGLASS UPDATE JULY 2011 WWW.BLUGLASS.COM.AU
Slide 9: LED Market Drivers
LED MARKET DRIVERS For personal use only The LED Market is a key driver for wafers utilising BluGlass Technology High brightness LED market forecast by application US$20.0bn LED market growth is US$18.0bn currently being driven by the US$16.0bn display markets for TV and US$14.0bn PC applications US
Slide 10: LED Equipment Market
LED EQUIPMENT MARKET For personal use only LED equipment market growth will reflect the rapidly growing LED market LED Equipment Revenue 2010 MARKET SHARES US$1.8bn $1.7bn US$1.6bn US$1.4bn US$1.2bn US$1.0bn US$0.8bn US$0.6bn US$0.4bn US$0.2bn US$0.0bn 2005 2006 2007 2008 2009 2010 Source: Aixtron (
Slide 11: LED Value Chain
LED VALUE CHAIN For personal use only Equipment manufacturing is the single highest margin & value segment in the LED chain MARKET FEATURES US$5bn+ value1 CAGR of ~10%2 High margin Capacity constrained $10.8bn LED market in 20103 Combined CAGR of 28.2% to 20153 39% CARG for general lighting to 20153
Slide 12: Solar Opportunity
For personal use only SOLAR OPPORTUNITY 12 12 BLUGLASS UPDATE JULY 2011 WWW.BLUGLASS.COM.AU
Slide 13: BluSolar
BLUSOLAR For personal use only BluGlass intends to exploit InGaN solar cells patenting unique solar cell device sunlight structures and manufacturing techniques BluGlass Technology is an ideal platform technology for the production p-type InyGa1-yN of high efficiency InGaN solar cells BluGlass has w
Slide 14: InGaN Solar Cells
InGaN SOLAR CELLS For personal use only InGaN solar cells should convert almost the whole solar spectrum into useable power SPECTRUM MATCHING OF SOLAR MATERIALS Existing technologies Potential using Existing technologies BluGlass Technology (InGaAs, InGaP, Ge) capture only a small part of the solar
Slide 15: Impact on Solar
IMPACT ON SOLAR For personal use only InGaN could transform the efficiency of CPV – increasing its competitiveness as a global energy source. BluGlass Technology provides an ideal solution for growing high efficiency InGaN WHAT IS CPV? Concentrated Photovoltaics (“CPV”) is the most effective way to
Slide 16: PV Market Growth
PV MARKET GROWTH For personal use only The CPV market is expected to grow very rapidly with an expected CAGR of more than 170% to 2015 World Cumulative PV Production (MWp) 70000 60GW PV market is growing strongly 60000 CPV is the fastest growing solar market segment 50000 - 2010 installed CPV capaci
Slide 17: Advantages of InGaN for CPV
ADVANTGES OF InGaN FOR CPV For personal use only InGaN offers many potential advantages for large utility scale CPV applications ✓ High Efficiency Efficiencies of over 50% are possible Durable and Long Can withstand extreme temperatures, environments, radiation ✓ Life Significantly longer life Suita
Slide 18: The CPV Value Chain
THE CPV VALUE CHAIN For personal use only BluGlass will position itself as a developer of high efficiency nitride solar cells for CPV devices MARKET FEATURES PV CAGR >42% since 1996 and accelerating CPV (BluGlass’ target market) expected CAGR of >170% to 20151 High margin, fragmented market 1. Sourc
Slide 19: Strategic Partnership
For personal use only STRATEGIC PARTNERSHIP 19 19 BLUGLASS UPDATE JULY 2011 WWW.BLUGLASS.COM.AU
Slide 20: SPTS Joint Venture
SPTS JOINT VENTURE For personal use only EQUIPMENT JOINT VENTURE • +500 STAFF • +35 WORLDWIDE LOCATIONS • TOP TIER LED CUSTOMERS SPTS Operations Capital IP Control Global equipment Research facility Jointly funded in Exclusive licence JV includes provider to LED and team in proportion to of BluGlass
Slide 21: Roadmap to Market
ROADMAP TO MARKET For personal use only JV agreement with SPTS, SPTS invests A$5.2m in BluGlass ✓ 30 AUGUST 2010 SPTS establishes JV team in Australia and seconds experts ✓ OCTOBER 2010 Establish demonstration system for testing at strategic SPTS site (Wales, UK) with access to global customers ✓ JU
Slide 22: Conclusions
For personal use only CONCLUSIONS 22 22 BLUGLASS UPDATE JULY 2011 WWW.BLUGLASS.COM.AU
Slide 23: Investment Highlights
INVESTMENT HIGHTLIGHTS For personal use only Breakthrough RPCVD developed in Australia from $30m research investment ✓ Technology Superior performance potential for LED and PV devices Significant Enabled through BluGlass’ unique low temperature technology ✓ Advantages Environmental and cost benefits
Slide 24: Thank You
For personal use only Thank You 74 Asquith Street Silverwater, NSW, 2128, Australia | +61 2 9334 2300 | gbourne@bluglass.com.au www.bluglass.com.au 24 24 BLUGLASS UPDATE JULY 2011 WWW.BLUGLASS.COM.AU