Novonix Ltd · ASX:NVX
Novonix — Corporate Update (October 2023)
39 slides from Novonix's corporate update, Oct 5, 2023
Slide 1: Set for Growth: Business Update, October 2023
CLICK TO EDIT MASTER TITLE STYLE Set for Growth Business Update, October 2023 ASX: NVX Nasdaq: NVX Business Update, October 2023
Slide 2: Important Notice and Disclaimers
Important CLICK Notice TO EDIT and Disclaimers MASTER TITLE STYLE The information contained in this presentation (the “Presentation”) has been prepared by NOVONIX Limited (ACN 157 690 830) (“the Company” or “NOVONIX”) solely for information purposes and the Company is solely responsible for the con
Slide 3: Providing Revolutionary Solutions to the Battery Industry
Providing CLICK Revolutionary TO EDIT Solutions MASTER TITLE STYLEto the Battery Industry Investment Highlights Leading U.S. based battery materials and technology Company with lower carbon footprint Large and growing market for battery materials supported by localization efforts Intellectual prope
Slide 4: Competitive Advantage Through Synergistic Operating Structure
Competitive CLICK TO EDITAdvantage Through MASTER TITLE Synergistic Operating Structure STYLE Develops industry leading lithium- Leading domestic supplier of ion battery testing equipment Commercializing proprietary All- battery-grade synthetic graphite while providing R&D services Dry Zero-W
Slide 5: Auto and Cell Manufacturing Driving Market Demand
Auto and CLICK Cell Manufacturing TO EDIT Driving Market Demand MASTER TITLE STYLE U.S. Auto OEMs Battery Mfg. Capacity (GWh) 2030 U.S. Cell Mfg. Capacities +33% CAGR LG 22% 1,083 SK 11% ESS Tesla Various OEMS 22% Toyota Envision 7% Volkswagen BMW Stetvolt Stellantis 5% CATL Honda 3% Ford Other 19%
Slide 6: Battery Technology Solutions
CLICK TO EDIT MASTER TITLE STYLE Battery Technology Solutions ASX: NVX Nasdaq: NVX Business Update, October 2023
Slide 7: NOVONIX is at the Forefront of Battery Technology
NOVONIX CLICK is atMASTER TO EDIT the Forefront TITLE of Battery Technology STYLE UHPC Hardware R&D Services Data Solutions Enables quick reliable Materials Development Cell Design and Customer Research & predictions of battery Cell Testing and Characterization Prototyping Development Services life
Slide 8: Our BTS Team Has Nearly Two Centuries of Battery Experience
CLICK Our BTSTO EDIT Team MASTER Has TITLE Nearly Two STYLE of Battery Experience Centuries NOVONIX BTS has over 90 employees contributing to a wide array of expertise across lithium-ion technologies, electronics engineering, manufacturing, and materials synthesis. Over 180 years of lithium ion an
Slide 9: NOVONIX Plays a Critical Role in the Lithium-Ion Battery Value Chain
NOVONIX CLICK PlaysMASTER TO EDIT a Critical RoleSTYLE TITLE in the Lithium-Ion Battery Value Chain Materials & Cell Raw Material Battery Cell/Pack EV & ESS Mining Component Recycling Processing Production Production Production Anode and Cathode Materials Energy Storage Partnership Visibility across
Slide 10: Industry Leading R&D Powered by Artificial Intelligence
Industry CLICK TO Leading R&D Powered EDIT MASTER by Artificial Intelligence TITLE STYLE New Product Overview: Leading lithium-ion battery testing Enterprise SaaS company that Machine learning algorithms and quantum equipment and R&D services combines artificial intelligence (AI) simulations f
Slide 11: Anode Materials
CLICK TO EDIT MASTER TITLE STYLE Anode Materials ASX: NVX Nasdaq: NVX Business Update, October 2023
Slide 12: NOVONIX is Localizing the Synthetic Graphite Supply Chain
NOVONIX CLICK is Localizing TO EDIT MASTERthe Synthetic TITLE STYLE Graphite Supply Chain NOVONIX Anode Material Progress & Advantages Key Strategic Relationships & Highlights Signed a Joint Research and Development Agreement (JDA) Domestic Supply with LGES in June 2023 Producing high-performance
Slide 13: Local Anode Material Supply Shortfalls Foreseen Globally
Local Anode CLICK TO EDITMaterial MASTERSupply TITLE Shortfalls STYLE Foreseen Globally Graphite Supply and Demand, thousand tpa Global North American European NVX N.A. Demand Europe Asia 2025 Supply 0 4,000 8,000 0 500 1,000 0 500 1,000 Demand 2030 Supply 0 4,000 8,000 0 500 1,000 0 500 1,000 Sour
Slide 14: Enables a Fully Domestic US Supply Chain for Synthetic Graphite
CLICK TOEnables NOVONIX EDIT aMASTER TITLE Fully Domestic STYLEChain for EV Battery Grade Synthetic Graphite US Supply Chinese Synthetic Graphite Supply Chain NOVONIX Supply Chain 1. 1 Needle coke ships to Qingdao from Humber, UK (12,500 miles) 2. 2 Road transport of precursor to grinding site near
Slide 15: NOVONIX's Proprietary Graphitization Process is Leading the Clean Energy Transformation
CLICK TOProprietary NOVONIX’s EDIT MASTER TITLE Process Graphitization STYLEis Leading the Clean Energy Transformation Inputs Process Outputs Clean Power Sources1 Proprietary Furnace Technology NOVONIX’s Anode Materials Support Energy input 57% carbon-free (15% Increased energy efficiency
Slide 16: Optimized Synthetic Graphite Manufacturing and Attracted Tier-1 Partnerships
CLICK TOhasEDIT NOVONIX MASTER Optimized TITLE Synthetic STYLE Graphite Manufacturing and Attracted Tier-1 Partnerships Strategic Partnerships NOVONIX Graphitization Process Offers End-User Advantages Supporting Product and Process R&D Partnership with Harper Energy efficient systems reducing en
Slide 17: Validated a Differentiated Technology Ready to Scale
CLICK TOhasEDIT NOVONIX MASTER Validated TITLE STYLE a Differentiated Technology Ready to Scale Length-Wise NOVONIX Continuous Acheson Furnace Induction Furnace Graphitization Furnace Induction Furnace ASX: NVX Nasdaq: NVX 17 Business Update, October 2023
Slide 18: Demonstrated Breakthrough Technology at Mass Production Scale
CLICK TOhasEDIT NOVONIX MASTERBreakthrough Demonstrated TITLE STYLE Technology at Mass Production Scale Acheson Furnace Facility, NOVONIX Generation 3 Continuous Induction Furnace Systems, China Chattanooga, TN ASX: NVX Nasdaq: NVX 18 Business Update, October 2023
Slide 19: NOVONIX Anode Material Outperforms in Head-to-Head Testing
NOVONIX CLICK Anode TO EDIT Material MASTER Outperforms TITLE STYLE in Head-to-Head Testing 1.0000 NOVONIX offers improved Coulombic Efficiency (CE) 0.9995 compared to industry leading materials (including a 0.9990 Tesla Tesla Model S cell used as a reference benchmark) Improved Synthetic Coulomb
Slide 20: NOVONIX's Product Technology Advantage
NOVONIX’s CLICK Product TO EDIT Technology MASTER Advantage TITLE STYLE NOVONIX Advantage Product Engineered Specifically for Customers Needs Applications such as electric vehicles and energy storage systems require differing properties: Fast Charge High Energy Density Long Cycle Life
Slide 21: Cycle Life and Rate Capability
Cycle Life CLICK and Rate TO EDIT Capability MASTER TITLE STYLE C/3-C/3, NMC811, 2.8-4.2V, 40°C Charge Rate Map, NMC811, 2.8-4.2V, 40°C 2C Discharge, NMC811, 2.8-4.2V, 40°C 1.2M LiPF6 EC:EMC:DMC (25:5:70) 2%VC 1.2M LiPF6 EC:EMC:DMC (25:5:70) 2%VC 1.2M LiPF6 EC:EMC:DMC (25:5:70) 2%VC 0.2C 0.5C 1C Com
Slide 22: NOVONIX has Demonstrated Meeting Target Product Specifications
NOVONIX CLICK has Demonstrated TO EDIT Meeting Target Product Specifications MASTER TITLE STYLE Product Quality vs. Hours of Operation Highlighted Achievements GX-23 was analyzed and met all it target physical and electrochemical specifications in a recent production campaign, data shown in the ch
Slide 23: Riverside Facility Begins Production in 2024
Riverside CLICK Facility TO EDIT BeginsTITLE MASTER Production STYLE in 2024 Riverside Facility Overview Riverside Update & Next Steps In 2021 celebrated opening of NOVONIX’s new Riverside facility Demonstrated successful production with the Company’s attended by US Secretary of Energy, Jennifer
Slide 24: NOVONIX has Demonstrated a Pathway to Profitable Production in the USA
CLICK TO has NOVONIX EDIT MASTER TITLE Demonstrated STYLE to Profitable Production in the USA a Pathway Riverside Facility Unit Economics Overview Highlights Recent production campaigns validate furnace throughput and demonstrate improved unit economics for Riverside Unit economics expected to i
Slide 25: U.S. Legislation Providing Direct Support to NOVONIX's Business Plan
U.S. Legislation CLICK Providing TO EDIT MASTER Direct TITLE Support to NOVONIX’s Business Plan STYLE In August 2017, the Office of the United States Trade Representative (USTR) launched an investigation into China’s allegedly unreasonable and discriminatory trade practices under Section 301 of th
Slide 26: Strategic Relationship with KORE Power
Strategic CLICK TO Relationship EDIT MASTERwith KORE TITLE Power STYLE Highlights of Agreements KORE Power is a leading U.S. based developer of battery cell technology for clean energy industries NOVONIX and KORE Power have worked together since 2019 through NOVONIX’s BTS division to improve an
Slide 27: NOVONIX Establishes Strategic Relationship with LG Energy Solution
NOVONIX CLICK Establishes TO EDIT MASTERStrategic Relationship with LG Energy Solution TITLE STYLE LG Energy Solution (LGES) Overview LGES is a leading U.S. based developer of battery cell technology for EV and ESS Batteries LGES has developed relationships with GM, Honda, Hyundai and Stellantis
Slide 28: Phased Growth Plan Matches Customer Demands
Phased CLICK TOGrowth Plan Matches EDIT MASTER Customer Demands TITLE STYLE North American ~0.5% ~8% ~12% Anode Market Share1: Phase 3: Additional Greenfields 150K tpa 2 NOVONIX N.A. Capacity / Phase 2: Riverside & Tonnage Phased Greenfield #1 Growth 50K tpa 2,3 Phase 1: Riverside 2,3 3K tpa KORE Po
Slide 29: Cathode Materials
CLICK TO EDIT MASTER TITLE STYLE Cathode Materials ASX: NVX Nasdaq: NVX Business Update, October 2023
Slide 30: NOVONIX Cathode Synthesis Provides Clean and Simple Process
NOVONIX CLICK - Cathode TO EDIT MASTERSynthesis Provides Clean and Simple Process TITLE STYLE Opportunity Overview Current Process vs. NOVONIX Process Current Precursor Synthesis Process NOVONIX Process Cathode material represents about 30% waste of the cost of a battery cell agitator waste metal
Slide 31: Cathode Cycle Performance Matches Commercial Material
Cathode CLICK TO Cycle Performance EDIT MASTER TITLEMatches STYLE Commercial Material Full Cell Cycling Performance of NOVONIX Single Crystal NMC622 Enhanced Production Process Yields Consistent Performance Normalized electrochemical results in 1Ah pouch cell show that NOVONIX NMC622 has comparabl
Slide 32: Early 'All-Dry' Methods Were Cast Aside for Wet Processes
CLICK TO EDIT Early ‘All-Dry’ MASTER Methods TITLE Were CastSTYLE Aside for Wet (Co-Precipitation) Processes Early all-dry ternary cathode synthesis methods resulted in poor intra-particle homogeneity Commercial NMC622 Solid-State NMC622 Conventional Process All-Dry Process Poor intraparticle homoge
Slide 33: Advanced Imaging Diagnostics for NOVONIX All-Dry, Zero-Waste Cathode
CLICK TO Imaging Advanced EDIT MASTER TITLE Diagnostics forSTYLE NOVONIX All-Dry, Zero-Waste Cathode Commercial Mid-Nickel Reference Powder NOVONIX Mid-Nickel Powder Scanning Transmission Electron Microscopy (STEM) Imaging Scanning Transmission Electron Microscopy (STEM) Imaging Homogeneous me
Slide 34: NOVONIX All-Dry, Zero-Waste Cathode Production Pilot Line
NOVONIX CLICK All-Dry, TO EDIT Zero-Waste MASTER Cathode Production Pilot Line TITLE STYLE Lab scale synthesis demonstration is important, but clear path to production is critical Synthesizing revolutionary battery materials gets progressively more difficult from lab (grams), to pilot scale and
Slide 35: Cathode Synthesis: Engineering Scoping Study Results
Cathode CLICK TO Synthesis: EDIT MASTEREngineering Scoping Study Results TITLE STYLE Hatch Study Estimated Findings [FEL-1] Capital Intensity Fewer unit operations leads to simplified flowsheet NOVONIX engaged Hatch to provide a ‘Process Lowered by ~30 % Higher mass feed rate due to ‘hydroxide-f
Slide 36: NOVONIX's Battery Technology Paves the Way for the Next Generation
CLICK TO EDIT NOVONIX’s MASTER Battery TITLEPaves Technology STYLE the Way for the Next Generation Demonstrated and Projected Performance Predicted to Exceed 1 Million Miles based on ~2 Years of Test Data(1) 1,000,000 Miles PC622/Synthetic Graphite SC622/Natural Graphite SC622/Synthetic Graphite SC6
Slide 37: Goals for the Future of NOVONIX
Goals TO CLICK for EDIT the Future MASTERof NOVONIX TITLE STYLE Scaling anode materials production All-Dry Zero-Waste Cathode technology capacity to 150K tpa supported by our propriety processing Recognized battery Highly developed IP with technology leader leading market positions Forefront of prod
Slide 38: Question & Answer Session
CLICK TO EDIT MASTER TITLE STYLE Question & Answer Session ASX: NVX Nasdaq: NVX Business Update, October 2023
Slide 39: Set for Growth
CLICK TO EDIT MASTER TITLE STYLE Set for Growth Business Update, October 2023 ASX: NVX Nasdaq: NVX Business Update, October 2023