Calix Ltd. · ASX:CXL
Calix — Shareholder Meeting (November 2018)
22 slides from Calix's shareholder meeting presentation, Nov 14, 2018
Slide 1: Creating new materials and solving global challenges
mel. tides a) PREMIER'S NSW = © \ cath Australian . EXPORT AWARDS F . ° a xport Awards oa P AUSTRALIAN © isNaTiONALFINauist ° TECHNOLOGIES e AUSTRALIAN TION CREATING NEW MATERIALS AND SOLVING GLOBAL CHALLENGES, COMMERCIALISING A UNIQUE TECHNOLOGY PLATFORM
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This presentation has been prepared by Calix Limited (ABN 36 117 372 540) ("Company’). SUMMARY INFORMATION This presentation contains summary information about the Company and its subsidiaries ("Calix”) id their activities current as at 22"¢ August, 2017. The informat
Slide 3: For personal use only
For personal use only *As at 30/10/18 **The information above is indicative only. Actual use of funds will depend upon a variety of factors as the business strategy is executed, including changing market conditions and competitive response. As with any budget, intervening events and new circumstance
Slide 4: For personal use only
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Slide 5: Value Chain
VALUE CHAIN Calix is vertically integrated, owning the input and proprietary technology that manufacturers multiple industrial products JORC proven and probable reserve 466kT + Indicated Resource 392kT Located in one of the largest MgCO; deposits in the world “The information in this Presentation th
Slide 6: For personal use only
For personal use only *Certain pro forma adjustments have been made to Calix’s Statutory Historical Results to reflect the full year impact of the operating and capital structure that will be in place following the Company’s IPO as if it were in place as at 1 July 2014. The nature of these pro forma
Slide 7: For personal use only
• For personal use only • • • • Plan start trial biogas • customer Cassava Plant – Roi Et, • Dec 18 • Plan start trial biogas customer Palm Oil • • First ACTI-Mag biogas Plant –Chantaburi, customer Palm Oil Nov 18 Plant Surat Thani, May 18 • • • • Started trial biogas customer Palm Oil • Plant - Sur
Slide 8: For personal use only
For personal use only • • • • • • • • • • • • • • • • (1) Frost & Sullivan: Market Opportunity for Calix Flash Calcination, dated 17 April 2018. Refer to Section 4 of the Calix Prospectus for risks associated with the competitive environment, retaining and winning customers and market development.
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Slide 10: For personal use only
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Slide 11: For personal use only
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 654465 For personal use only • • • X` • • • • • • • • • This project has received funding from the European Union’s Horizon 2020 research and innovation programme under
Slide 12: For personal use only
For personal use only • • • • • • • • • • • This project has received funding from the European Union’s Horizon 2020 research and innovation programme under Grant Agreement no. 727348
Slide 13: Successful grant funding continues
Successful grant funding continues * Calix has been successful in achieving ~$10m over the A$26.6m last 4 years to pursue pce grant BOOSTER-Mag, cement and ‘unding and . . R&D rebate lime, advanced batteries and received - last co, mitigation across 4 years multiple projects * In addition, Calix has
Slide 14: Other achievements
Other achievements... OUR PLANET OUR REAL ESTATE THEFIFTHESTATE Carbon capture from cement manufacturing nears market readiness David Thorpe | 28 August 2018 A consortium led by Australian firm Calix is now well on the way to completing a pilot plant for its breakthrough technology that will capture
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Slide 16: For personal use only
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Slide 17: Additional Slides – Key Financials
For personal use only ADDITIONAL SLIDES – KEY FINANCIALS
Slide 18: Key financials charts
For personal use only Revenue and GP (A$m) Other Income & R&D Expenses (A$m) Core Product Sales Other Sales R&D Rebates Grants Gross Profit Margin Other income R&D Expenses Operating Expenses (A$m) EBITDA (A$m) Cost of Sales Sales and Mktg Admin (1) 4-year CAGR (2) 5-year CAGR
Slide 19: Pro Forma Statement of Financial Performance
PRO FORMA STATEMENT OF FINANCIAL PERFORMANCE For personal use only Pro Forma Historical $’000 FY15 FY16 FY17 FY18 Core product revenues 1,582 2,745 3,181 3,865 growth (%) - 73.5% 15.9% 35.0% Other product revenues 354 702 200 236 Cost of sales (1,483) (2,791) (2,374) (2,689) Gross profit 454 656 1,0
Slide 20: Pro Forma Statement of Financial Position
PRO FORMA STATEMENT OF FINANCIAL POSITION For personal use only Pro forma 30-Jun-18 $’000 Current assets Cash & cash equivalents 8,874 Trade & other receivables 7,867 Inventory 181 Total current assets 16,922 Non-current assets Trade and other receivables 274 Intangible assets 649 Property, plant an
Slide 21: Pro Forma Statement of Cash Flows
PRO FORMA STATEMENT OF CASH FLOWS For personal use only Pro Forma Historical $’000 FY15 FY16 FY17 FY18 Cash flows from operating activities Receipts from customers & government agencies 8,356 9,701 6,591 12,814 Payments to suppliers and employees (8,104) (10,569) (9,003) (10,726) Interest received 1
Slide 22: Funded Development Pipeline
FUNDED DEVELOPMENT PIPELINE For personal use only