Silex Systems Limited · ASX:SLX
Silex Systems — Shareholder Meeting (November 2013)
33 slides from Silex Systems's shareholder meeting presentation, Nov 19, 2013
Slide 1: Silex Systems Limited 2013 Annual General Meeting
For personal use only Silex Systems Limited 2013 Annual General Meeting Dr Michael Goldsworthy, CEO / Managing Director 19 November 2013 © Silex Systems Limited 2013
Slide 2: Forward Looking Statements
P2 Forward Looking Statements For personal use only Silex Systems is a research and development Company whose assets are its proprietary rights in various technologies, including, but not limited to, the SILEX technology, Solar Systems technology and business, Translucent technology and ChronoLogic
Slide 3: Disclaimer
P3 Disclaimer For personal use only Silex Systems Ltd (Silex) has prepared this presentation based on information available to it. The information in this presentation does not purport to be a complete description of Silex and/or its various business activities. Except as required by law, no represe
Slide 4: Focus on Clean Energy
P4 Focus on Clean Energy For personal use only Silex Systems is a global clean energy company, focusing on the development and commercialisation of innovative and potentially disruptive energy technologies © Silex Systems Limited 2013
Slide 5: Silex Overview
P5 Silex Overview For personal use only Market Data Market Cap* ~ $400 M Shares on issue 170.25 M Listed on ASX with ASX: SLX ticker code: Listed on OTCQX OTCQX: SILXY with ticker code: * Current as at 15 Nov 2013 © Silex Systems Limited 2013
Slide 6: Portfolio of Innovative Technologies
P6 Portfolio of Innovative Technologies For personal use only Our foundation technology: • The SILEX laser enrichment technology: potentially a game changing innovation for the global uranium enrichment industry Other technologies in the portfolio: • Solar Systems: unique ‘Dense Array’ solar tec
Slide 7: Why Focus on Disruptive Energy Technologies?
P7 Why Focus on Disruptive Energy Technologies? For personal use only • Energy is core to the modern industrial economy and vital to economic growth • The global energy industry is undergoing disruptive change, driven by two key convergent factors: 1) The transition to clean energy dictated by clima
Slide 8: SILEX Laser Uranium Enrichment Technology
For personal use only Section 2 SILEX Laser Uranium Enrichment Technology © Silex Systems Limited 2013
Slide 9: Highlights - 2013 SILEX Laser Enrichment
P9 Highlights - 2013 For personal use only SILEX Laser Enrichment September 2012: Commercial Plant License US Nuclear Regulatory Commission license approval for first planned commercial plant in Wilmington, North Carolina May 2013: Technology Validation Phase I Test Loop Milestone successfully c
Slide 10: Advantages of the SILEX Technology
P10 Advantages of the SILEX Technology For personal use only • Enrichment is the most difficult and costly step in making nuclear fuel for power reactors (~35% to 40% of total cost) • SILEX is a breakthrough in efficiency – most cost effective enrichment method • Anticipated to have the lowest capit
Slide 11: Commercialisation and License Agreement
P11 Commercialisation and License Agreement For personal use only Exclusive Agreement with GLE • Exclusive worldwide commercialisation and license agreement for the SILEX Technology • GLE funding of commercialisation program and 51% 24% potential future plant construction 25% • Phase I milestone com
Slide 12: SILEX Technology Royalty Business Model
P12 SILEX Technology Royalty Business Model For personal use only Our business model for uranium enrichment: High value Gen III technology Long term growth Zero cost to Silex perpetual royalty advantage story • No further • Contracted • The only 3rd • Nuclear power development range of royalty gener
Slide 13: GLE's Phased Approach to Commercialisation
P13 GLE’s Phased Approach to Commercialisation For personal use only Phase Objectives Status Test Loop technology demonstration and NRC commercial plant license Phase I: approval Completed Economic and engineering validation for the initial commercial production Commenced in Phase II: module 2012 Ph
Slide 14: Uranium Enrichment Market Outlook
P14 Uranium Enrichment Market Outlook Long Term Market Outlook ‘Bullish’ For personal use only • Short term market (next 2 to 3 years) likely to remain depressed due to impact of Fukushima event (Uranium and enrichment market prices down ~40%) • Medium term – potential increase in demand for uranium
Slide 15: Nuclear Energy Market Outlook
P15 Nuclear Energy Market Outlook For personal use only Global Nuclear Capacity to Increase Key Statistics • Potential increase in nuclear capacity from 432 plants today to ~1,000 plants over next 2 decades 11 percent of global electricity 432 operable reactors Key Nuclear Markets 70 new plant
Slide 16: Solar Systems: CPV Dish Technology and Utility Scale Projects
For personal use only Section 3 Solar Systems: CPV Dish Technology and Utility Scale Projects © Silex Systems Limited 2013
Slide 17: Highlights - 2013 Solar Systems CPV Dish Technology
P17 Highlights - 2013 For personal use only Solar Systems CPV Dish Technology Technology Validation Australia’s first grid-connected Concentrating Photovoltaic (CPV) Dish Solar Power Station (1.5MW) opened in Mildura, Australia (July 2013) Utility-scale Project Planning and preparatory activitie
Slide 18: Solar Systems Stage Gated Business Development Strategy
P18 Solar Systems Stage Gated Business Development Strategy For personal use only • Technology feasibility established during Phase 1: 2010 – 2013 • Economic feasibility underway Phase 2: 2014 – 2016 Phase 1: Technology Feasibility + Demonstration Plants Phase 2: Economic Feasibility + Initial Scale
Slide 19: Advantages of Our Solar Technology
P19 Advantages of Our Solar Technology For personal use only • The unique ‘Dense Array’ Dish Concentrator combines the world’s most efficient solar cells with low cost balance of system • Parabolic dishes accurately track the sun to capture sunlight and focus onto the ‘Dense Array’ converter produci
Slide 20: Current Development Pipeline
P20 Current Development Pipeline For personal use only Project Location Capacity Dishes Planning Construction Mildura (Stage 2) Victoria, Australia 100 MW ~ 2,000 Underway Targeted for late 2014* QLD Queensland, Australia 10 to 50 MW Up to 1,000 Pre-feasibility TBA Nofa Tibrak, Saudi Arabia 1 MW 28
Slide 21: Mildura Stage 2 - 100MW Solar Power Station
P21 Mildura Stage 2 – 100MW Solar Power Station For personal use only Planning and Preparation Activities • Final design for Stage 2 - CPV power station • Preliminary discussions (financing, construction, grid connection, transmission and PPA) • Commencement of construction targeted for late 2014 su
Slide 22: Saudi Arabia - a Key Market for Solar Systems CPV
P22 Saudi Arabia – a Key Market for Solar Systems CPV For personal use only Nofa Resort 1MW Facility – Saudi Arabia • Saudi Arabian government launching a 40GW solar power program worth US$109 billion • Aim to replace domestic oil consumption by 2032 (annual revenue loss ~US$90 billion) • Ideal regi
Slide 23: Translucent Advanced Materials Technology
For personal use only Section 4 Translucent Advanced Materials Technology © Silex Systems Limited 2013
Slide 24: Highlights - 2013 Translucent Technology
P24 Highlights - 2013 For personal use only Translucent Technology Product Development Progress Key technology validation milestone recently completed for power electronics application with basic power-FET devices successfully demonstrated Key technology validation milestone recently completed f
Slide 25: Translucent Substrate Applications
P25 Translucent Substrate Applications For personal use only Value Proposition • Replace high cost substrates with low cost silicon • Reduce cost of manufacturing with scalable platform • Enable potential performance improvements Innovation Commercial Applications Next generation CPV Power electroni
Slide 26: Commercialisation Plans
P26 Commercialisation Plans For personal use only Power Electronics • Engagement with industry collaborators continues in USA and Europe • Prototype power-FET devices being fabricated and optimised • Initial low volume prototype production of vGaN™ product planned for 2014 (for industry qualificatio
Slide 27: ChronoLogic Instrumentation Technology
For personal use only Section 5 ChronoLogic Instrumentation Technology © Silex Systems Limited 2013
Slide 28: Highlights - 2013 ChronoLogic Technology
P28 Highlights - 2013 For personal use only ChronoLogic Technology Strategic Review Discussions continue with potential partners and/or investors for the ChronoLogic technology and products Divestment strategy to remain key focus into 2014 USB-inSync™ Technology and Products Development and de
Slide 29: ChronoLogic Commercialisation Update
P29 ChronoLogic Commercialisation Update For personal use only Strategic Review of Business Nearing Completion • Chronologic ready to be integrated into the business of an established industry player • Strategic review process has identified potential top tier instrumentation companies – discussions
Slide 30: Silex Systems Overview
For personal use only Section 6 Silex Systems Overview © Silex Systems Limited 2013
Slide 31: Potential Milestones and Value Drivers for Silex
P31 Potential Milestones and Value Drivers for Silex For personal use only Timing Drivers Short Term Potential Paducah Opportunity – SILEX laser enrichment technology Solar Systems utility-scale project plans (including Mildura 100MW project) Translucent commercialisation milestones and partne
Slide 32: Silex Investment Case
P32 Silex Investment Case For personal use only Primary asset: the ‘SILEX’ uranium enrichment technology - the only third generation laser-based enrichment technology in the world SILEX technology is under licence to Global Laser Enrichment (GLE) - a business venture of GE (51%), Hitachi (25%) a
Slide 33: Thank you
For personal use only Thank you © Silex Systems Limited 2013