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’) and their activities current as at 224 August, 2017. The informati
Slide 3: Introduction video to Calix
INTRODUCTION VIDEO TO CALIX RCE FOr personal u Calix
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For personal use only Note: As at August 15, 2018 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 ci
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Slide 7: Value Chain
VALUE CHAIN Calix is vertically integrated, owning the input and proprietary technology that manufacturers multiple industrial products Calix MgCO3 Mine, Australia JORC proven and probable reserve 466kT + Indicated Resource 392kT Located in one of the largest MgCO; deposits in the world “The informa
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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 10: Revenue, GP, Operating Expenses and EBITDA
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 11: Pro forma historical income statement
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 1,007 1,412 Gross Margin (%) 23.4% 19.0% 29.8% 3
Slide 12: Pro forma balance sheet
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 and equipment 11,784 Total non-current asset
Slide 13: Pro forma historical cash flows
For personal use only Pro Forma Historical $’000 FY15 FY16 FY17 FY18 Cash flows from operating activities Receipts from customers & government agencies 8,356 9,701 6,591 12,814 Payments to suppliers and employees (8,104) (10,569) (9,003) (10,726) Interest received 13 4 4 12 Net cash from discontinue
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Slide 16: BOOSTER-Mag crop protection engagement process
1. Initiate contact with the world’s largest crop protection companies (22 engaged) For personal use only 2. If high level BOOSTER-Mag results already achieved are of interest - put in place Confidentiality Agreements and disclose more detailed data (12 in place) • 3. If counter-party wishes to prog
Slide 17: Calix Summary
CALIX SUMMARY A fast-growing, cash positive business Proven technology platform Blue chip customers, easily materials science scalable operation Huge addressable global markets EBITDA (A$m) Pro Forma FY1S FY16 FYI FY 18 HEIDELBERGCEMENT ACTI-Mag”™ Onauc Gfiteist Mesnex 7 overs B = — — 2 = PROTECTA-M
Slide 18: Appendix: Company and Industry Overview
For personal use ony — APPENDIX COMPANY AND INDUSTRY OVERVIEW
Slide 19: Calix Timeline
CALIX TIMELINE Awarded EU H2020 €5m grant to demonstrate CFC for Solar Thermo-Chemical i i energy storage eee Awarded Ausindustry oy 9 Bacchus Marsh in $2m Commercialisation Australia grant Awarded EU H2020 €12m Victoria grant to demonstrate CFC for Cement and Lime. Established EU office Established
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For personal use only 20 nm(o) Each “pore” or channel is about 4 to 8 billionths of a meter in diameter • • •
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For personal use only • • • • • • • (1) Frost & Sullivan: Market Opportunity for Calix Flash Calcination, dated 17 April 2018. Refer to Section 6 of this presentation for risks associated with the competitive environment, retaining and winning customers and market development.
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Slide 28: Funded development of future growth opportunities
FUNDED DEVELOPMENT OF FUTURE GROWTH OPPORTUNITIES THREE PILOT PROJECTS 1. LEILAC Low Emissions Intensity De-Carbonised Lime & Cement $18m? Lime and Calix-led €21m project of the European EU Funded Cement Union Horizon 2020 Research & Innovation HEIDELBERGCEMENT Est A$10.8BM Addressable Oo TARMAC Gft
Slide 29: Funded development pipeline
FUNDED DEVELOPMENT PIPELINE Total FY15 FY16 FY17 Grant Name Maximum Start Date Duration Commercial Opportunity Value ($000) ($000) ($’000) Novel Satellite MHL Manufacturing Commercialisation Australia $1.8m Feb-14 1.5yrs 1,722 100 - Plants Fossil Fuel Decarbonisation / ASCENT (EU) €0.5m Mar-14 4yrs
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