Slide 1: Full Year Results FY24
Full Year Results FY24 27 August 2024 MARS IS FOR calix.global QUITTERS
Slide 2: Important Disclaimer
Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). INVESTMENT RISK SUMMARY INFORMATION An investment in Calix securities is subject to investment and other known and unknown risks, some of which are beyond the control of This presentation cont
Slide 3: About Calix
About Calix Solving global challenges Electrification of industrial processing | Capture of unavoidable emissions | Sustainable environmental solutions Calix Limited is an environmental technology company solving urgent global challenges in industrial decarbonisation and sustainability. 7 COUNTRIES
Slide 4: Calix's core platform technology
Calix’s core platform technology A new way to “heat stuff up” CO2 captured Carbon Capture Pre-ground minerals when processing carbonate materials Unavoidable process CO2 emissions from cement & lime production & CO2 from the atmosphere are captured for use or storage. Calciner tube radiates heat to
Slide 5: Calix's structure underpins a solid foundation for growth
Calix’s structure underpins a solid foundation for growth One core platform technology with multiple applications for global industries Platform output Carbon Capture Sustainable Processing Magnesia Business Pilbara subsidiary Minerals UJV ZEAL Application Agriculture / Marine Cement & lime Direct A
Slide 6: FY24 Financial highlights
FY24 Financial highlights Growing & diversified revenue streams delivered cash support in advance of licensing royalties FY24 PRODUCT & SERVICES FY24 REVENUE, INTEREST REVENUE & OTHER INCOME • Product & services revenue up 30% to $24.2m $ 24.2m (FY23: $18.6m) $ 30.5m (FY23: $29.6m) – Magnesia revenu
Slide 7: Statement of profit or loss
Statement of profit or loss FY 24 FY 23 ($m’s) ($m’s) Key takeaways Revenue 30.5 29.6 • Growing & diversified revenue streams Magnesia revenues 21.0 18.5 Leilac revenues 3.2 0.1 – Growing revenue through Leilac customer Grants, other income and interest income 6.3 11.0 engineering studies Cost of sa
Slide 8: Statement of financial position
Statement of financial position June 24 June 23 ($m’s) ($m’s) Cash and cash equivalents 43.0 74.5 Trade, other receivables and other assets 4.3 10.3 Inventories 5.4 4.3 Key takeaways: Current assets 52.7 89.1 • Balance sheet remains strong & essentially Trade, other receivables, other assets & right
Slide 9: Statement of cash flows
Statement of cash flows June 24 June 23 ($m’s) ($m’s) Receipts from customers 22.7 18.6 Receipts from government bodies 10.8 7.4 Payments to suppliers and employees (48.2) (43.2) Key takeaways: Interest received 1.1 0.3 • Healthy cash position to pursue our opportunities Interest paid (0.1) (0.3) Ne
Slide 10: FY24 Operational Achievements
FY24 Operational Achievements Focused delivery across all lines of business KPI Dashboard for FY24 ● Competed ● Part completed ● Pivot ● Not delivered Carbon Capture Sustainable Processing Magnesia 6.7 / 10 8.0 / 10 9.5 / 10 ● Leilac-2 – all permitting & civil Spodumene Water works complete1 ● Spodu
Slide 11: Direct Air Capture with Heirloom
Direct Air Capture with Heirloom Partner funding Project Partner Industry Market size support Heirloom – LA, USA Direct Air Capture >1 BTpa CO21 Objectives FY24 achievements Targeted next steps • Build Leilac’s electric calcination and carbon • Signed a global & perpetual licence agreement • Continu
Slide 12: Leilac-2
Leilac-2 Project Partner Funding support Industry Market size Leilac-2 Cement & lime 1.4 BTpa CO21 Objectives FY24 achievements Targeted next steps • Demonstrate a replicable module that can • Project successfully relocated to Heidelberg • Complete permitting process efficiently capture up to 100ktp
Slide 13: Project ZETA
Project ZETA Project Partners Funding support Industry Market size Project ZETA Cement & lime 1.4 BTpa CO21 Objectives FY24 achievements Targeted next steps • Build a commercial demonstration electric calciner • Strengthened collaborations & partnerships in • Complete pre-FEED study for near zero em
Slide 14: Leilac-3: Full-scale cement & lime deployment
Leilac-3: Full-scale cement & lime deployment Projects Partners Funding support Industry Market size Multiple in development + others TBC Cement & Lime 1.4 BTpa CO21 Objectives FY24 achievements Targeted next steps • Deploy Leilac’s technology at full-scale with • Heidelberg Materials & Leilac commi
Slide 15: Mid-stream demonstration plant with Pilbara Minerals UJV
Mid-stream demonstration plant with Pilbara Minerals UJV Project Partner Funding support Industry Market size PLS UJV Mid-Stream Lithium Royalty % of US$7Bpa1 Objectives FY24 achievements Targeted next steps • Demonstrate lower CAPEX & OPEX for mineral • Project remains on time & budget3 • Commissio
Slide 16: Zero Emissions Steel TechnologY
Zero Emissions Steel TechnologY Project Partner Funding support Industry Market size Royalty % of ZESTY Green Iron Demo Iron & Steel US$640Bpa1 Objectives FY24 achievements Targeted next steps • Develop industry leading H2-DRI technology • ZESTY proven at pilot scale, with metallisation • Finalise c
Slide 17: Magnesia
Magnesia Product Partners Funding support Industries Market size Magnesium Hydroxide N/A Water, Agriculture, Bio Multi US$Bpa1 Liquid Objectives FY24 achievements Targeted next steps • Grow sales of MHL products for sustainable water • $21.0m revenue (↑14%) • Accelerating revenue growth in Calix’s W
Slide 18: Sustainability | FY24 Key Achievements
Sustainability | FY24 Key Achievements AMBITION FY24 KEY ACHIEVEMENT Minimise impacts on the environment Decarbonise operations Completed a more robust and accurate greenhouse Reduce emissions in line with a 1.5-degree pathway gas emissions footprint, including detailed Scope 3 Address resource cons
Slide 19: FY25 Summary & Outlook
FY25 SUMMARY & OUTLOOK FY24 Results 27 August 2024 19 19
Slide 20: FY25 KPI Dashboard Targets
FY25 KPI Dashboard Targets Key priorities – Initiatives driving revenue growth KPI Dashboard Targets for FY25 Corporate 10% ● Corporate Affairs, Sustainability, People & Culture KPIs Carbon Capture Sustainable Processing Magnesia 30% 30% 30% ● Leilac-2 – Ennigerloh – site works Spodumene Water comme
Slide 21: Indicative project & revenue timeline
Indicative project & revenue timeline FY24 Results * Project timelines are indicative only. Please refer to ASX releases for latest project timelines 21 27 August 2024
Slide 22: Summary and FY25 Outlook
Summary and FY25 Outlook Growth focused strategy • Demand for Calix’s technology continues to grow, driven by government policy & the need for cost-effective & low-carbon mineral processing solutions • Industry demand is being translated into new revenues through paid engineering & customer material
Slide 23: Board of Directors
Board of Directors Board further strengthened with appointments of Dr Sarah Ryan and Peter Dixon Alison Deans to become Chair following Peter Turnbull’s retirement on 30 Sept 2024 Peter Turnbull, AM Alison Deans Helen Fisher Dr Sarah Ryan Peter Dixon Dr Phil Hodgson Dr Mark Sceats Non-Executive Chai
Slide 24: Thank you
Calix Limited FY24 Results 27 August 2024 Thank you Acknowledgement of Social inclusion Sustainability country statement statement At Calix, sustainability means meeting our own Calix acknowledges the First Nations people and Calix embraces diversity and inclusion. It is one needs without compromisi
Slide 25: Glossary
Glossary FY24 Results 27 August 2024 25 25
Slide 26: Glossary
Glossary Term Meaning Aluminium (Al) Chemical element with the symbol Al Antimicrobial Antimicrobial products kill or slow the spread of microorganisms, including bacteria, viruses and fungi. AMR Antimicrobial resistance – the development of resistance in bacteria, viruses, fungi and parasites to an
Slide 27: Glossary
Glossary Term Meaning CRC Cooperative Research Centre – Australian Government supported industry-led collaborative research centres CRC SAAFE Cooperative Research Centre Solving Antimicrobial Resistance in Agribusiness, Food, and Environments DAC Direct Air Capture – the extraction of carbon dioxide
Slide 28: Glossary
Glossary Term Meaning Hematite A mineral that is an ore of iron HILT CRC Heavy Industry Low-carbon Transition Cooperative Research Centre Hydrometallurgy A metal recovery method used to obtain metals from ores and waste materials HyGATE German-Australian Hydrogen Innovation and Technology Incubator
Slide 29: Glossary
Glossary Term Meaning MHL Magnesium Hydroxide Liquid MOU Memorandum of Understanding Nanoporous A material with a regular, porous structure, with a pore size generally less than 100 nanometres. Pelletisation The formation of pellets from finer materials to aid in handling PLS Pilbara Minerals, an Au
Slide 30: Mars is for quitters
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