Weebit Nano Ltd. · ASX:WBT
Weebit Nano — Investor Presentation (June 2020)
27 slides from Weebit Nano's investor presentation, Jun 15, 2020
Slide 1: Corporate presentation
For personal use only Corporate presentation 15 June 2020 1
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only Weebit Nano Competitive Technology validated Developer of ReRAM memory technology, advantage Technology validated by (1000x faster and 1000x more energy Uses standard third-party partners for efficient, 100X higher endurance) than materials in fabrication,
Slide 3: Weebit's technology can meet the needs of many target markets
Weebit’s technology can meet the needs of many of these target markets AI Drones For personal use only MEMORY Autonomous at the Vehicles ` CENTER of the DIGITAL WORLD Robotics IoT Security 5G 3
Slide 4: What is a semiconductor?
WHAT IS A SEMICONDUCTOR? For personal use only 7 OF THE 10 LARGEST COMPANIES ARE TECHNOLOGY COMPANIES Semiconductors are the basic materials used in advanced electronics and communications Used to fabricate chips for virtually every electronic device, including computers, cell phones, autonomous
Slide 5: A massive "China" opportunity
A MASSIVE “CHINA” OPPORTUNITY For personal use only CHINA AIMING TO SIGNIFICANTLY GROW ITS SEMICONDUCTOR INDUSTRY Semiconductors are the growth enabler of the digital economy Processing, memory and communications technologies are in high demand to keep up with computation and storage requirement
Slide 6: World class semiconductor team
WORLD CLASS SEMICONDUCTOR TEAM For personal use only Coby Hanoch David Perlmutter Dr. Yoav Nissan-Cohen Atiq Raza Amir Regev CEO CHAIRMAN EXECUTIVE DIRECTOR DIRECTOR CTO 40 years of experience in the Served as Executive Vice Received his PhD researching Over 40 years experience in the Over 20 years
Slide 7: The memory market
THE MEMORY MARKET For personal use only Volatile Non-Volatile Weebit is targeting both segments eFlash Embedded memory: Weebit’s of the Non-Volatile memory market SRAM ReRAM focus Part of an SoC Embedded memory modules are MRAM (System-on-a-Chip) part of a System-on-a-Chip Discrete memory chip
Slide 8: Embedded memory IP status
EMBEDDED MEMORY IP STATUS For personal use only Announced 2 partners SiEn A tier-2 Korean company 1Mb memory array with market-competitive results available 106 cycles endurance 10 years retention at up to 150oc Developing the memory module which will surround the array Targeting fir
Slide 9: Entry into the discrete memory market
ENTRY INTO THE DISCRETE MEMORY MARKET For personal use only THIRD PARTY TECHNOLOGY VALIDATION XTX Technology, Chinese memory company, verified the technical parameters in their lab in December 2019 Successful external testing was achieved four months ahead of schedule The two companies are inv
Slide 10: The Chinese opportunity
THE CHINESE OPPORTUNITY For personal use only A Chinese developer of Flash memory chips A Chinese Commune IDM (integrated device Has close to 2,000 customers worldwide manufacturer) Including many leading global semiconductor Has its own fabs companies Led by Dr Richard Chang, “father of
Slide 11: ReRAM technology for tomorrow
RERAM TECHNOLOGY FOR TOMORROW For personal use only Brain inspired Mimic the brain as accurately as possible computing systems o ReRAM resemblance to biological synapse o Physical similarities leads to functional similarities o Highly energy efficient Object recognition Which make it an enabler to B
Slide 12: Summary
SUMMARY For personal use only Semiconductors are driving the world today Virtually every electronic product needs Non-Volatile Memory China is the largest semiconductor consumer and growing rapidly Weebit has It is progressing Program launched a leading ReRAM discussions with potential to accelerate
Slide 13: Upsized capital raising to fund Weebit's next growth phase
For personal use only Upsized capital raising to fund Weebit’s next growth phase 13
Slide 14: Offer structure
OFFER STRUCTURE For personal use only KEY TERMS Placement of 23,446,429 new ordinary shares at A$0.28 per share to raise circa A$6.6M (“Placement Shares”) Each Placement Share will have a free attaching option (to be listed if minimum spread requirements are met) with an exercise price of A$0.45
Slide 15: Use of proceeds
USE OF PROCEEDS For personal use only UNDERPINNING WEEBIT’S NEXT GROWTH PHASE The funds raised from the Placement and SPP will be used to: complete the Company’s memory module development for the embedded memory market; transfer the technology to a production facility; continue “selector” deve
Slide 16: Indicative timetable
INDICATIVE TIMETABLE For personal use only Description Date Trading halt Tuesday, 9 June 2020 SPP record date 7.00 pm (Sydney time) Friday, 12 June 2020 Trading halt lifted Monday, 15 June 2020 Announcement of SPP Settlement of new shares issued under Tranche 1 of the Placement (subscription amount
Slide 17: Appendix
17 For personal use only Appendix
Slide 18: Share information
SHARE INFORMATION For personal use only CAPITAL STRUCTURE SHAREHOLDING BREAKDOWN 01 ASX Code: WBT 02 Share price: $0.35 5.46% 24.77% 69.76% 03 Shares on issue:72,512,7341 04 Options: 9,589,8372 TOP 20* OTHER# 05 Market cap: A$25.4m BOARD & MANAGEMENT^ Excluding Board & Management 06 Cash: A$2.4m3 1.
Slide 19: Key risks - introduction
KEY RISKS - INTRODUCTION For personal use only This section describes the key risks of investing in WBT. You should consult your own professional, financial, legal and tax advisers about the risks and suitability of investing in light of your particular circumstances. This is not an exhaustive list
Slide 20: Key risks
KEY RISKS For personal use only COVID-19 Business Risks Even though WBT is pre-revenue, WBT’s operating and financial performance is influenced by a variety of domestic and global general economic and business conditions. A prolonged deterioration in general economic conditions, including a decrease
Slide 21: Key risks (cont.)
KEY RISKS (CONT.) For personal use only Risks in Respect of WBT’s Current Operations Risk Details WBT currently operates on a negative cash operating basis in that its operating expenses exceed its revenue, which is negligible. The Placement is not underwritten. There is no guarantee that the monies
Slide 22: Key risks (cont.)
KEY RISKS (CONT.) For personal use only Risks in Respect of WBT’s Current Operations Risk Details WBT continues to pursue intellectual property protection in the form of patents for newly developed technologies. However, if WBT fails to protect its intellectual property rights, competitors may gain
Slide 23: Key risks (cont.)
KEY RISKS (CONT.) For personal use only Offer & General risks Risk Details The market price of WBT’s securities will fluctuate due to various factors, many of which are non specific to WBT, including recommendations by brokers and analysts, Australian and international general economic Share Price F
Slide 24: Key risks (cont.)
KEY RISKS (CONT.) For personal use only Offer & General risks Risk Details WBT is subject to the usual business risk that there may be changes in laws, regulations and government policy which may affect its operations and/or financial performance. Such changes may impact income or operational expend
Slide 25: Key risks (cont.)
KEY RISKS (CONT.) For personal use only General Risks Relating to WBT Risk Details Additional Requirements The capital requirements of WBT depend on numerous factors. Depending on the ability of WBT to generate income from its operations, WBT may require further financing in addition to amounts rais
Slide 26: Key risks (cont.)
KEY RISKS (CONT.) For personal use only General Risks Relating to WBT Risk Details General economic conditions, movements in interest and inflation rates and currency exchange rates may have an adverse effect on WBT’s activities, as well as on its ability to fund those activities. Further, share mar
Slide 27: Disclaimer
DISCLAIMER For personal use only This presentation contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of our research and development programs; ou