Calix Ltd. · ASX:CXL
Calix — Shareholder Meeting (November 2022)
52 slides from Calix's shareholder meeting presentation, Nov 16, 2022
Slide 1: Calix AGM 2022 Presentation Pack
ASX Announcement For personal use only 16 November 2022 Calix AGM 2022 Presentation Pack Sydney, Australia | 16 November 2022 – Australian environmental technology company, Calix Limited (ASX: CXL) (“Calix” or “the Company”) is pleased to provide a copy of the presentation materials for the 2022 Ann
Slide 2: About Calix
About Calix Calix is a team of dedicated people who are urgently developing great businesses, leveraging our patented technology, that deliver positive global impact. For personal use only The core technology is being used to develop more environmentally-friendly solutions for water treatment, CO2 m
Slide 3: Calix Limited Annual General Meeting
For personal use only Calix Limited Annual General Meeting 16 November 2022 1
Slide 4: Introduction to the Lumi platform
For personal use only Introduction to the Lumi platform Darren Charles Calix Limited Annual General Meeting 16 November 2022 2
Slide 5: Online attendees – text question process
Online attendees – text question process For personal use only Select the messaging tab and type your question in the Ask a question box. Press the send arrow to submit your message for review. Received Your submitted questions along with any written responses from the meeting team can be found by s
Slide 6: Online attendees – audio question process
Online attendees – audio question process For personal use only Click on the button at the bottom of the broadcast window. The meeting broadcast will be replaced with the audio questions interface. Confirm your name, enter the topic of your question and click Submit Request. Follow the instructions
Slide 7: Online attendees – audio question process
Online attendees – audio question process For personal use only Click on the button at the bottom of the broadcast window. The meeting broadcast will be replaced with the audio questions interface. Confirm your name, enter the topic of your question and click Submit Request. Follow the instructions
Slide 8: Online attendees – voting process
Online attendees – voting process For personal use only When open, the vote will be accessible by selecting the voting tab at the top of the screen. To vote, simply select the direction in which you would like to cast your vote. The selected option will change colour. For Against Abstain There is no
Slide 9: Welcome & introduction to the AGM
For personal use only Welcome & introduction to the AGM Peter Turnbull, AM Calix Limited Annual General Meeting 16 November 2022 7
Slide 10: Board of Directors
Board of Directors For personal use only Peter Helen Fisher Jack Phil Dr Mark Turnbull, AM Non-Executive Hamilton Hodgson Sceats Non-Executive Director Non-Executive Managing Executive Chair Director Director & Chief Director And Executive Officer Chief Scientist Experienced Chair and Non- CEO and M
Slide 11: Industrial decarbonisation
Industrial decarbonisation Calix’s mission is being propelled by net-zero For personal use only commitments Government Investor Net zero policy activity spending ~90% US$42tn US$275tn of global GDP now assets of signatories Estimated spend under net zero to the ‘2022 Global required by 2050 to commi
Slide 12: FY22 financial highlights
FY22 financial highlights Investment in growth For personal use only Calix Limited FY22 financial result In FY22 Calix invested significantly in: highlights 1. People, including ten new engineers, six people in R&D, and one person in finance and business development; A$25m cash on hand 2. Capital it
Slide 13: Solving global challenges
Solving global challenges For personal use only One core technology platform Five lines of business Multiple environmental business opportunities 11
Slide 14: Accelerating the transition to net zero for cement and lime
Accelerating the transition to net zero by seeking to For personal use only provide the most compelling decarbonisation solution for global cement and lime Market trends • >€80/tonne average EU carbon price for H1 2022.1 • US$85/tonne US tax credit for stored CO2. • 1.4 billion tonnes of CO2 from ce
Slide 15: Sustainable Processing
Sustainable Processing Decarbonisation solutions for chemical and mineral For personal use only processing Market trends • Electrification of industry – 45% by 2035: industrial manufacturing target.1 • Increasing demand for green minerals – 6x growth in lithium carbonate and equivalents market expec
Slide 16: Advanced Batteries
Advanced Batteries Novel structured high power electrode materials For personal use only Market trends • Increasing demand for economical and sustainable energy storage options. • Shift to simple, affordable and safe battery chemistries. FY22 achievements • From prototyping to pilot production of up
Slide 17: Biotech
Biotech Novel bioactive materials for multiple global For personal use only applications Market trends • Demand for non-chemical alternative crop protection products. – Existing chemicals and pesticides are being deregistered. • Need to reduce use of copper based marine coatings • Rise in antimicrob
Slide 18: Water
Water Magnesium Hydroxide Liquid “MHL” – a safe alkali For personal use only chemical Market trends • Wastewater discharge limits are becoming tougher. • Need for environmentally friendly alternatives to existing products, such as caustic soda. FY22 achievements • Improved gross margins. • Continued
Slide 19: Calix's sustainability commitments
Sustainability For personal use only Calix’s sustainability commitments To improve environmental, social and governance practices, Calix has: • Reaffirmed its commitment to the UNGC; • Committed to measuring, monitoring and reducing its carbon footprint; • Installed solar panels at Bacchus Marsh to
Slide 20: Governance structure and practices
Governance structure and practices For personal use only To further strengthen Calix’s governance structure and practices, in FY23, the board will: • Introduce a new Code of Conduct and Board Charter; • Establish a new Sustainability Board Committee; and • Update the charters for the Audit and Risk
Slide 21: Thank you
For personal use only Thank you Calix Limited Annual General Meeting 16 November 2022 19
Slide 22: Formal items of business
For personal use only Formal items of business Calix Limited Annual General Meeting 16 November 2022 20
Slide 23: Items of Business – Financial Report
Items of Business – Item 1 Financial Report For personal use only Consideration of Financial Report: “To consider and discuss the Financial Report, including the Directors’ Report and the Auditor’s Report, for the year ended 30 June 2022.” There is no vote on this item. 21
Slide 24: Resolution 1 – Remuneration Report
Items of Business – Resolution 1 Remuneration Report For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That the Remuneration Report of the Company for the financial year ended 30 June 2022, which forms part of the Directors’ Report, b
Slide 25: Resolution 2 – Re-election of Peter Turnbull
Items of Business – Resolution 2 Re-election of Peter Turnbull For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That Peter Turnbull, who retires under the Constitution and, being eligible, stands for re-election, be re-elected as a D
Slide 26: Resolution 3 – Non-Executive Director Fee Pool
Items of Business – Resolution 3 Non-Executive Director Fee Pool For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That for the purposes of ASX Listing Rule 10.17 and Clause 13.19 of the Company’s Constitution, the maximum aggregate a
Slide 27: Online attendees – voting process
Online attendees – voting process For personal use only When open, the vote will be accessible by selecting the voting tab at the top of the screen. To vote, simply select the direction in which you would like to cast your vote. The selected option will change colour. For Against Abstain There is no
Slide 28: Presentation by MD & CEO
For personal use only Presentation by MD & CEO Phil Hodgson Calix Limited Annual General Meeting 16 November 2022 26
Slide 29: Important Disclaimer
Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). For personal use only SUMMARY INFORMATION This presentation contains summary information about the Company and its subsidiaries (“Calix”) and their activities current as at 16th November, 2022
Slide 30: Calix at a glance
Calix at a glance For personal use only 85 Employees At 30 June 2022 Electrifying industrial processing 334KW solar installation Cement & lime Green iron decarbonisation & steel Industrial 8% of global emissions 7% of global emissions decarbonisation 28
Slide 31: Mars is for Quitters
For personal use only We believe our responsibility starts at home. That’s why we’re driven to use our unique technology to repair and prevent future harm to it. MARS IS FOR QUITTERS. Because there’s only one Earth, and it’s already ours. 29
Slide 32: Calix's core technology platform
Calix’s core technology platform Industrial decarbonisation and environmental For personal use only solutions CO2 capture Capture of high purity A new way to “heat stuff up” CO2 when processing limestone 28 patent families covering core technology and applications >A$120m has been invested to date i
Slide 33: Industrial decarbonisation
Industrial decarbonisation Indispensable, carbon-intensive and hard-to-abate. For personal use only Cement & lime Market drivers • Over 4 billion tonnes global annual production.4 ~8% • Unavoidable emissions released directly from limestone. Carbon pricing of global • 1.4 billion tonnes of CO2 from
Slide 34: Our industrial decarbonisation solutions
Our industrial decarbonisation solutions For personal use only Calix’s unique calcination technology separates the heat source from the chemical reaction, providing three pathways to industrial decarbonisation: 1. Enabling the electrification of industry Energy agnostic and electrification ready, pr
Slide 35: Multiple environmental business opportunities
Multiple environmental business opportunities JV, licensing and spin-out strategies: value creation and fast-tracked commercialisation For personal use only Advanced Sustainable CO2 Water Biotech Leilac Batteries Processing Mitigation Water treatment Crop protection Advanced Renewable-powered Cement
Slide 36: Leilac: Scaling Up Calix's Leilac Technology
Leilac: Scaling Up Calix’s Leilac Technology Leilac-1, Belgium 2019 Leilac-2, Hanover Leilac-3 25,000 tonnes / year CO2 100,000 tonnes / year CO2 500,000 tonnes / year CO2 For personal use only Built Passed FID Multiple In Planning 20% 100% slipstream replace 4x 20 partners, including: BUT…we need t
Slide 37: FY23 – material updates: Heidelberg Materials licence
FY23 – material updates For personal use only Heidelberg Materials global licence executed • The licence agreement applies to any Heidelberg Materials facility where the Leilac technology is installed. – Heidelberg Materials operates 149 cement plants across five continents. • The technology licence
Slide 38: A growing pipeline of projects
A growing pipeline of projects For personal use only Detailed Project Pre-FEED / FID + Initial scoping scoping / FEED Operational Total discussions BOD construction MOU Aug 2021 21 7 4 1 1 34 Aug 2022 25 13 9 5 1 1 54 Nov 2022 33 15 9 6 1 1 1 67 Leilac-2 Leilac-1 • Pipeline growth: there are now 67
Slide 39: FY23 – material updates: Pilbara Minerals JV
FY23 – material updates For personal use only Pilbara Minerals JV and development of lithium salt project • Full Documentation is in final form for JV agreement with Pilbara Minerals (ASX:PLS) for mid-stream lithium refining project. • The JV is supported by A$20m in Australian Government funding an
Slide 40: FY23 – material updates: ZESTY
FY23 – material updates Zero Emissions Steel TechnologY For personal use only (ZESTY) Calix awarded ARENA funding for ZESTY development • Proposed 30,000 tpa annum, zero CO2 emissions ZESTY-iron demonstration plant. • A$947,035 ARENA grant towards BOD & FEED study. • About ZESTY: – Renewably powered
Slide 41: Equity raise: A$60m placement and A$20m SPP
FY23 Material Updates Equity raise: A$60m institutional placement and A$20m For personal use only share purchase plan (SPP) to accelerate technology commercialisation Application A$m 1. Accelerate commercialisation of Leilac's cement and lime 38.0 decarbonisation technology. 2. Construct a lithium s
Slide 42: Calix's sustainability journey
Calix’s sustainability journey For personal use only In FY22, Calix: • Reaffirmed our commitment to the UNGC and integration of its Ten Principles. • Continued to integrate the Sustainable Development Goals in our lines of business. • Installed 334KW of solar power to cover our energy consumption in
Slide 43: Calix's FY23 priorities
Calix’s FY23 priorities… ⬤ Successfully completed ⬤ On track Continued acceleration – especially decarbonisation projects… ⬤ Watch point For personal use only Advanced Sustainable Water Biotech Batteries Processing Crop protection Water treatment Advanced cathode & Renewable-powered mineral CO2 miti
Slide 44: Thank you
For personal use only Thank you Calix Limited Annual General Meeting 16 November 2022 42
Slide 45: For personal use only
For personal use only Phil Hodgson Darren Charles Managing Director & CEO CFO & Company Secretary phodgson@calix.global dcharles@calix.global +61 2 8199 7400 +61 2 8199 7400 Investor relations Media enquiries Investorrelations@calix.global media@calix.global Follow us on Twitter @Calixlimited www.ca
Slide 46: Board of Directors, Equity Structure, Glossary
For personal use only Board of Directors, Equity Structure Glossary 44
Slide 47: Board of Directors
Board of Directors For personal use only Peter Helen Fisher Jack Phil Dr Mark Turnbull, AM Non-Executive Hamilton Hodgson Sceats Non-Executive Director Non-Executive Managing Executive Chair Director Director & Chief Director And Executive Officer Chief Scientist Experienced Chair and Non- CEO and M
Slide 48: Listed on the ASX in July, 2018
Listed on the ASX in July, 2018 ASX:CXL Share Price Performance Since Listing For personal use only As at 11 Nov 2022 Shares on issue ~161.6m Share price on IPO $0.62 per share Current Share price $4.81 per share Market capitalisation ~$842m Further Equity Detail As at 11 Nov 2022 Major shareholders
Slide 49: Glossary
Glossary Term Meaning For personal use only Aluminium (Al) Chemical element with the symbol Al Anode The negative electrode of a battery APVMA Australian Pesticides and Veterinary Medicines Authority BATMn Calix’s core kiln technology – electrified – for battery and catalyst materials production C,
Slide 50: Glossary
Glossary For personal use only Term Meaning Iron The chemical element, represent by “Fe” on the periodic table Iron Ore Iron oxide mixed with various other minerals, as mined and “pre-processed” (purified) as best as possible LFP Lithium Iron Phosphate – a battery cathode material LMO Lithium Mangan
Slide 51: Glossary
Glossary For personal use only Term Meaning Nickel (Ni) Chemical element with the symbol Ni NCA A battery cathode material made from nickel, aluminium and cobalt NCM, or NMC A battery cathode material made from nickel, manganese and cobalt Pelletisation The formation of pellets from finer materials
Slide 52: For personal use only
For personal use only Phil Hodgson Darren Charles Managing Director & CEO CFO & Company Secretary phodgson@calix.global dcharles@calix.global +61 2 8199 7400 +61 2 8199 7400 Investor relations Media enquiries Investorrelations@calix.global media@calix.global Follow us on Twitter @Calixlimited www.ca