Slide 1: Capital Raising Investor Presentation
Capital Raising Investor Presentation FBR Limited (ASX:FBR | OTCQB:FBRKF)
Slide 2: Catalysts Ahead / De-risking Completed
Catalysts Ahead De-risking Completed • Successful completion of Site Acceptance Test in Florida, Hadrian X® successfully deployed from Australia to facility in Fort triggering US$0.6m payment to FBR Myers, Florida with engineering inspection and recalibration underway • Announcement of builder par
Slide 3: Exclusive U.S. Demonstration Program & JV Option
Exclusive U.S. Demonstration Program & JV Option US Activities - Overview • CRH Ventures, a subsidiary of CRH plc (NYSE:CRH, US$55bn market cap) • CRH plc generates multi-billion-dollar revenues, demonstrating a strong customer base and global market footprint • CRH Ventures purchased an option to f
Slide 4: U.S. Demonstration Program & Joint Venture Option
U.S. Demonstration Program & Joint Venture Option Poised to deliver a Demonstration Program with a leading global building materials company 4
Slide 5: Factory Acceptance Test
Factory Acceptance Test • Designed to test the speed and accuracy of the Hadrian X, while assessing reliability and capability to achieve sustained lay rates FAT Requirement Achieved • Hadrian X® completed a 751-block structure in 2 hours and 16 minutes, achieving sustained lay rate of 330bph, signi
Slide 6: US Deployment
US Deployment • Hadrian X® arrived in US on 8 July 2024, and following receipt of customs clearance was transported to FBR facility in Fort Myers • Approval of requisite permits received from US Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) • FBR te
Slide 7: Site Acceptance Test
Site Acceptance Test Site Acceptance Test (SAT) • Requires completion of same test build as Factory Acceptance Test • SAT to be undertaken once Hadrian X® has arrived at facility in (751 block structure), while incorporating the use of bond beam Fort Myers and recalibration activities completed bloc
Slide 8: Demonstration Program
Demonstration Program • 5-10 house demonstration program to be undertaken in locales of Babcock Ranch and Cape Coral, Fort Myers, Florida • 3 key builders identified and currently finalizing terms and planning approvals Demonstration Program Recap TAD build file of a demonstration program home to be
Slide 9: JV Option Exercise
JV Option Exercise Majority of FBR’s global • Upon exercising of JV Option CRH provides JV with US$40m revolving FBR grants JV exclusive annual Hadrian X® loan facility to fund Hadrian X® purchases from FBR, and initial manufacturing capacity Hadrian X® supply rights reserved for JV for first purcha
Slide 10: U.S. Market Entry
U.S. Market Entry FBR poised to enter its largest target market and the largest low-rise residential construction market globally 10
Slide 11: Why the U.S.?
Why the U.S.? • One of the largest low-rise residential construction markets in the world • FBR’s technology could vastly improve the output and sustainability of the construction industry • Moody’s estimates a minimum of approximately 1.5 million new homes per year just to meet demand in the U.S.1
Slide 12: Initial Target Markets
Florida and Texas are among the largest and fastest growing residential construction markets in the U.S. Initial Target Markets U.S. Housing Supply Shortfall • High concentration of new build opportunities in Florida and Texas • Ready access to materials and infrastructure • Existing high-volume mar
Slide 13: Key Catalysts for FBR Shareholders
Key Catalysts for FBR Shareholders Event Indicative timing Successful execution of Factory Acceptance Test (FAT) Completed Transport of Hadrian X® to the US Completed Successful execution of Site Acceptance Test (SAT) in Florida August 2024 Formal appointment of builders for Demonstration Pr
Slide 14: Equity Raising Summary
Equity Raising Summary • Placement to raise approximately A$12.5 million under the Company’s existing placement capacity under ASX Listing Rule 7.1A (“Placement” or the “Offer”) Offer Size and Structure • Approximately 328.9 million new fully paid ordinary shares in FBR (“New Shares”) to be issued u
Slide 15: Indicative Timeline
Indicative Timeline Event Time (AEST) / Date Trading Halt Thursday, 1 August 2024 Announce completion of Placement, trading halt lifted and recommencement of trading Monday, 5 August 2024 Settlement of Placement Thursday, 8 August 2024 New Shares allotted and commence normal trading Friday, 9 August
Slide 16: Path to 300 Hadrian X's in the U.S.
Path to 300 Hadrian X®’s in the U.S. Purchase Quantum Conditions Order Initial − Annual interest rate, payable quarterly (6-month USD SOFR + 1.5%) − US$2.0m each3, US$1.1m deposit, remainder paid on delivery and − Additional instalments triggered by: completion of SAT − 30% gross margin1, 75% utilis
Slide 17: Corporate Snapshot
Corporate Snapshot Capital structure Share price performance (12 months) Market capitalisation (as at 29/07/2024) $205m $0.06 140 Millions Ordinary shares on issue 4.5b 120 $0.05 Share Price Close (AUD) Average daily volume (last 3 months) 5.5m 100 $0.04 Volume Gross cash balance (30 Jun 2024) $3.7m
Slide 18: Follow our story
For more information contact: +61 8 9380 0240 investor@fbr.com.au Follow our story 18
Slide 19: Disclaimer
Disclaimer Important Notice This presentation has been prepared by FBR Limited. This document contains background information about FBR Limited which is current as at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients s
Slide 20: International Offer Restrictions
International Offer Restrictions This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in whichit would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any
Slide 21: Singapore
Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in connection with the offer or sale,
Slide 22: Appendices
Appendices
Slide 23: Introducing Hadrian X
Introducing Utilising FBR’s proprietary Dynamic Stabilisation Capability to incorporate a robotic brick saw Technology (DST®), the Hadrian X® features a module for making height, mitre and gable 3 storeys high modular design for mass manufacture with cuts as required, and a Human Machine distributed
Slide 24: What's the problem?
What’s the problem? X Labour shortages in construction: a global challenge X Technological advances in construction are failing to sufficiently reduce cost X A widening deficit of masons and bricklayers in key markets X Housing supply unable to keep up with growing population X The construction indu
Slide 25: Cleaner and Safer
Cleaner and Safer Environment Health & Safety • Construction generates ~30% of the world’s waste • Reduces occurrences of repetitive stress injuries and strains, and falls, while virtually eliminating risks during • Up to 10% of bricks are wasted in manual bricklaying the undertaking of automated bl
Slide 26: UN Sustainable Development Goals
UN Sustainable Development Goals Relevant Sustainable Development Goal FBR ability to impact and contribute • Reduction of hard waste generated on building sites SDG 3.9: Impacts of chemicals and air, water and soil pollution • Reduction of foul water run-off from building sites • Reduction of expos
Slide 27: WaaS Commercial Model
WaaS® Commercial Model • WaaS® is the digital delivery of high quality, fixed price, structural block wall • WaaS® operating entity supplies blocks and robotically constructs walls onsite to precise specifications of a digital architectural plan • WaaS® allows customers to access significant improve