Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (November 2025)
35 slides from Bluglass's shareholder meeting presentation, Nov 24, 2025
Slide 1: Annual General Meeting – Tactical positioning for market leadership
For personal use only Annual General Meeting – Tactical positioning for market leadership BluGlass Limited (ASX:BLG) 24 November 2025
Slide 2: Forward looking statement
Forward looking statement This document has been prepared by BluGlass Limited to provide readers with an update of the Company and the Company’s technology. Any statements, opinions, technical data and information, or other material contained in this document, do not constitute For personal use only
Slide 3: Leading agencies, defence primes and tech companies turning to BluGlass
For personal use only The world’s largest government agencies, defence primes, and tech companies are turning to BluGlass to solve their most complex challenges.
Slide 4: Presenting today
Presenting today: For personal use only Omer Granit Jim Haden Samuel Samhan Lucy Robb Vujcic Executive-Chair CEO CFO Non-Executive Director • Welcome • CEO Report • Financial Report • Official Business • Chair Report • The Year in • Board Renewal Review • Chair, Official • The Year Ahead Business BL
Slide 5: Executive-Chair Report
For personal use only Omer Granit Executive-Chair Omer Granit Executive-Chair Report
Slide 6: Defensive moat ready for leverage
Pure-play World-leading performance Defensive moat ready for leverage manufacturer Only a handful of GaN laser manufacturers globally ▪ World-leading GaN laser performance For personal use only Extremely high barriers ▪ Precision, power and stability to entry ▪ Amplification and chip-scale integrati
Slide 7: Investment drivers: Building sovereign and resilient allied supply chains
Investment drivers: Building sovereign and resilient allied supply chains CAPTURE For personal use only DEFENCE, AEROSPACE & QUANTUM LASER MARKETS Critical defence and sovereign These capabilities are being supply chain needs are increasingly underpinned by transforming both the visible light. BluGl
Slide 8: Capture tactical markets: space, air, land, sea, subsea
Phase SPACE 2: US build-up of strategic▪ capabilities & supply chain Intra satellite communications ▪ Satellite to satellite communications CAPTURE TACTICAL ▪ LIDAR MARKETS ▪ Aerospace detection and navigation AIR ▪ Directed energy ▪ Weapons guidance For personal use only ▪ Dazzlers ▪ Machine vision
Slide 9: Refreshed Board to deliver next phase of transformative growth
Refreshed Board to deliver next phase of transformative growth For personal use only Omer Granit Lucy Robb Vujcic Jean-Michel Pelaprat Ata Gokyildirim Executive-Chair Non-Executive Director Non-Executive Director Non-Executive Director Seasoned Commercial barrister and Over 30 years photonics Commer
Slide 10: CEO Report
For personal use only Omer Granit Executive-Chair Jim Haden CEO Report
Slide 11: BluGlass is a pure-play vertically integrated GaN laser company
BluGlass is a pure-play vertically Our advanced GaN lasers span across the ultra-violet, violet to green spectrum integrated GaN laser company These high-energy photons interact with materials in ways that low-energy infrared For personal use only Laser Focus: Emerging markets photons cannot with a
Slide 12: Lasers Underpin the Technologies Driving our Future
Lasers Underpin the Technologies Driving our Future Delivering unmatched precision —from quantum For personal use only technology to space systems 1 Defence and 2 Electrification & 3 Healthcare & 4 Industry 4.0 5 Quantum Aerospace Digitisation Biotech • Quantum • Electric & • Wearables - sensing • A
Slide 13: Verticals where GaN lasers are key enablers
Verticals where GaN lasers are key enablers For personal use only Healthcare & Biotech Defence & Aerospace Quantum & Sensing $21B $11B $6B New high-energy capability Dual-use platform PICs with tunability • Blood sensing • Underwater LiDAR • GPS Anti-jamming and spoofing • Sterilization • LiDAR for
Slide 14: Defence & Aerospace: GaN lasers power high-value dual-use applications
Defence & Aerospace: GaN lasers power high-value dual-use applications Over US$80M in projects proposed in the US defence and aerospace markets LiDAR, clear air turbulence detection For personal use only Directed energy, anti-drone dazzlers, • Golden Dome for America and GPS Denied VUV countermeasur
Slide 15: GaN lasers drive advanced medical technology
GaN lasers drive advanced medical technology Wound management Disinfection equipment Human Safe • Violet and Far-UVC are highly • UVC light eliminates viruses, Sterilization effective in preventing bacteria bacteria, and fungi For personal use only • Human-safe & chemical-free Wearables Advanced med
Slide 16: GaN Light: Powering the Quantum Revolution
GaN Light: Powering the Quantum Revolution High-energy photons produced by GaN For personal use only lasers are ideal for interacting with individual atoms at the quantum level, enabling precise quantum operations. 1 Quantum Sensing 2 Quantum Communication 3 Quantum Computing • Faster path to market
Slide 17: Key Customers by segment
BLUGLASS TARGET MARKETS: Key Customers byINDUSTRIAL segment QUANTUM GaN lasers For personal use only are being adopted by DISPLAY (AR/VR) •technology IPG Photonics •leaders • TeraDiode (Panasonic) nLight (OPI) • NUBURU BIOTECH • LaserLine • Convergent Photonics -3D Systems • FormLabs • EOS DEFENCE
Slide 18: The Year in Review
The Year in Review For personal use only Leading laser innovation to unlock new technologies, applications, and emerging markets
Slide 19: BluGlass in 2025 - well positioned to own emerging GaN markets
BluGlass in 2025 - well positioned to own emerging GaN markets Gaining Business Key Advanced Technical Growing Momentum Partnerships Capabilities Pipeline For personal use only A$11.7M US DoD World Record +US$100m FY25 revenue comprising Founding Partner State-of-the-art single Revenue opportunity c
Slide 20: World record GaN single-mode performance – 1.25 W
World record GaN single-mode performance – 1.25 W For personal use only 1 2 3 World-record GaN 67% improvement from Combines high- single-mode previous hero data precision of single-mode performance published in Jan 2025 laser with the power of multi-mode laser 450 nm MOPA: Integration of a single-
Slide 21: Delivered on collaboration with the US DoW's Microelectronics Commons CLAWS program
Delivered on collaboration with the US DoW’s SW Microelectronics Commons CLAWS program Won AU$5.5M contracts across Year 1&2 with the Microelectronics Commons For personal use only Delivered all milestones under Year 2 of the CW Historical & Projected PCE Multimode CLAWS Hub Core program Company 1 (
Slide 22: Microelectronics Commons CLAWS program (cont)
Delivered on collaboration with the US DoW’s SW Microelectronics Commons CLAWS program (cont) Significant power conversion efficiency conversion (PCE) BLG Progress in PCE improvements delivered through optimisation program: Single-Mode Laser Diodes (CW) For personal use only 50.0% Improved optical g
Slide 23: Powering the world's first human safe far UVC laser-light engine with Uviquity
Powering the world’s first human safe far UVC laser-light • engine for medtech with Uviquity Developing human safe, pathogen-eliminating light resulting in the world’s first 214 nm direct diode laser – to For personal use only make air, food and water germ free, at scale Developing HIPIC chip featur
Slide 24: First program delivered with the Indian Ministry of Defence
Successfully delivered first program with the Indian Ministry of SW Defence’s Solid State Physics Laboratory Approved supplier to the Indian Ministry of Defence For personal use only • Key strategic market • GaN lasers underpinning critical dual-use applications • Selected for customisation and inte
Slide 25: Growing customer orders with leading market makers
Growing customer orders with leading market makers Partnering with industry leaders to accelerate platform development and deliver unmatched precision at scale For personal use only GaN gain chip order from a premier US aerospace and defense prime delivering advanced systems across commercial, milit
Slide 26: The Year Ahead
The Year Ahead For personal use only Building on FY25 momentum, BluGlass is expanding its GaN laser portfolio to deliver next-generation solutions for the most demanding applications in defense, aerospace, quantum, healthcare, and beyond
Slide 27: Delivering momentum - project-to-product strategy
Delivering momentum - project-to-product strategy Following an established commercialisation path for laser companies 1 2 3 4 For personal use only Early revenue and Partnerships with OEMs, As products mature, Business evolves from technical progress primes and gov. project contracts majority projec
Slide 28: Executing on opportunity pipeline
29 project opportunities with +US$100M in project value Executing on opportunity pipeline Project pipeline For personal use only Diverse opportunities at various stages of negotiation progressing through the pipeline F ollow-on revenues Global Defense Government Projects lead to large-scale OEMs Pri
Slide 29: Blueprint for growth – accelerating commercial roadmap
Blueprint for growth – accelerating commercial roadmap For personal use only Convert >US$100m Secure follow-on Install state-of-the- Launch advanced pipeline into contracts with art equipment to capabilities & high- revenue generating existing customers enhance fidelity product projects & contract i
Slide 30: Technology roadmap
Technology roadmap Integration & Innovation • Introduce Photonic Integrated Circuits • Next-gen advanced laser architectures – 10x reduction in optical components for quantum applications Performance Breakthroughs • Upgraded Fab equipment to increase 2026 For personal use only throughput and precisi
Slide 31: Leadership and Advisory
Leadership and Advisory MANAGEMENT TEAM INDUSTRY ADVISORY BOARD Jim Haden Dr Ian Mann CEO COO & CTO Steven DenBaars Veteran laser expert with 30 Product development and Professor DenBaars is one of the world's years’ experience; technology commercialisation foremost experts in GaN laser development
Slide 32: Financial Report
For personal use only Omer Granit Executive-Chair Samuel Samhan Financial Report
Slide 33: Key Financial Highlights
Key Financial Highlights Delivered 16% revenue growth Delivered project & product Increased cashflows & stabilised For personal use only in FY25 revenue growth expenditure ▪ Total revenue and other income ▪ Laser Diode Project revenue up 65% ▪ Cash receipts from customers up 216% increased 16% to $1
Slide 34: Select Financial Performance
Select Financial Performance FY25 FY24 YoY Movement $ $ % For personal use only Revenue 5,451,140 4,618,437 18% Other Income 6,193,877 5,405,859 15% Net Assets 11,591,285 14,886,073 -22% Consolidated Loss (10,977,894) (10,138,866) -8% R&D Tax Rebate (Receipt for prior year R&D spend) 6,053,755 5,372
Slide 35: Thank you
For personal use only Thank you