Slide 1: FBR Investor Presentation
For personal: use only 26 October 2022
Slide 2: Important notice and disclaimer
For personal use only This presentation has been prepared by FBR Limited (“FBR” or “Company”). This document contains background information about FBR Limited which is current as at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complet
Slide 3: Disclaimer
( ) For personal use only No representation or warranty, express or implied, is made as to the accuracy, reliability, completeness or fairness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, neither FBR, its related bodies corporat
Slide 4: Significant commercial opportunity poised to scale
For personal use only Ground-breaking technology to revolutionise the Significant commercial opportunity poised to scale: residential construction industry: • Began commercial operation in July 2020; since completed or • Speed and accuracy – potential to lay bricks between 20-41x contracted 32 struc
Slide 5: Next-generation Hadrian X H110 update
For personal use only • Mechanical assembly of next-generation Hadrian X® on-track for Q4 2022 completion Hadrian X® H110 • Procurement and manufacturing for second next-generation Hadrian X® has commenced Next- • Commercialisation collaboration with Liebherr-Mischtechnik in Germany, the world’s lar
Slide 6: Company milestones 2015-2022
For personal use only ✓ Technology demonstrated ✓ Hadrian 109 design ✓ First outdoor home structure built ✓ First display home sold ✓ Hadrian 105 demonstrates automated and procurement ✓ FBR’s technology proved in range of commences environmental conditions with precision ✓ First childcare centre bu
Slide 7: Liebherr-Mischtechnik collaboration and FY21-22 highlights
For personal use only FY21-22 • Two-phase MoU with Liebherr-Mischtechnik (LMT) signed in March 2022, to collaborate on the delivery of the next-generation Hadrian X® • Phase 1: suitability for scalable industrialisation/commercialisation, leveraging LMT expertise in componentry, design, control syst
Slide 8: Upcoming milestones
For personal use only 8 metre triple-leaf walls at 16 townhouse Willagee development • Complete mechanical assembly of the first next-generation Hadrian X® in Q4 2022 • Complete commissioning of first next-generation Hadrian X® in Q1 2023 • Complete mechanical assembly and commissioning of second ne
Slide 9: Placement overview
For personal use only • FBR Ltd is seeking to raise up to A$20m (the “Offer”) via a fully underwritten share placement to institutional and sophisticated investors (“Placement”) Placement structure • The Placement comprises a single tranche and falls within the Company’s placement capacity under ASX
Slide 10: Uses of Funds
For personal use only Uses of Funds A$m Hadrian X® H110 Programme (H03 + H04) 5 WaaS® expansion funding 2 General working capital & offer costs 13 Total Uses 20 Hadrian X® H110 Programme (H03 + H04) • Complete mechanical assembly – H03 (70% complete) • Complete commissioning activities – H03 • Compl
Slide 11: Indicative placement timetable
For personal use only Event Date* Trading halt and announcement of Placement Wednesday, 26 October 2022 Placement bookbuild Wednesday, 26 October 2022 Trading halt lifted and FBR shares recommence trading on the ASX Thursday, 27 October 2022 Settlement of New Shares issued under the Placement Monday
Slide 12: Key Risks and International Offer Restrictions
Key Risks and International Offer Restrictions 12
Slide 13: Risks specific to FBR Limited
For personal use only Risks specific to FBR Limited • The Company’s performance and the value of its shares may be affected by fluctuations in exchange rates such as the AUD/USD exchange rates. Capital and operating costs are influenced by numerous factors beyond the control of the Company including
Slide 14: Risks specific to FBR Limited
For personal use only Risks specific to FBR Limited • The Company is required to incur a certain level of expenditure to maintain its operations. Increased maintenance • If the level of maintenance expenditure required is higher than expected, if it must be undertaken earlier than anticipated, and/
Slide 15: Risks specific to FBR Limited
For personal use only Risks specific to FBR Limited • The continued operations of the Company are dependent on its ability to obtain financing through debt and equity means, or generating sufficient cash flows from future operations. There is a risk that the Capital requirements Company may not be a
Slide 16: International offer restrictions
For personal use only This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any country ou
Slide 17: International offer restrictions: Singapore
For personal use only Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in connection wi
Slide 18: Appendices
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Slide 19: Capital structure and share price performance
For personal use only Capital structure Share price performance Market capitalisation (as at 21/10/2022) $142m $0.08 140 Millions Ordinary shares on issue 2.8b 120 Average daily volume (last 3 months as at 21/10/2022) 5.0m $0.06 100 Cash balance (30 June 2022) $11.5m 80 $0.04 60 Directors & Manageme
Slide 20: Wall as a Service expansion strategy
® For personal use only • Ongoing strategic partnership process to further relationships with preferred partners in targeted jurisdictions • Machines ordered from FBR then supplied via lease to WaaS® operating entities, allowing rapid, capex-free scaling for FBR • Operating entity profits for local
Slide 21: Wall as a Service model
® For personal use only • WaaS® is the servitisation and digitalisation of selling bricks and manual bricklaying labour separately Hadrian X® Hadrian-optimised blocks Operators • WaaS® is sold as a fixed price single delivered service to customers Maintenance Remote Support Contracts for walls Lease
Slide 22: Hadrian X laying cost comparison
® ® For personal use only The larger the block used, the more economical the Hadrian X® becomes and the greater the benefit is passed on to WaaS® customers. The costs below are direct laying costs (based on the key assumptions described below) and exclude all the other ancillary benefits enjoyed by
Slide 23: Next-generation Hadrian X forecast economics
® ® For personal use only Next-generation Hadrian X® – WA Amount* Units WaaS® Revenue (Laying and Blocks) $85 A$m / vertical square meter WaaS® Revenue (Laying and Blocks) $7.1 A$m / Hadrian per year Hadrian X® Direct costs (Blocks, labour, adhesive, operations and maintenance) -$3.1 A$m / Hadrian p
Slide 24: Reduced waste and environmental impact
For personal use only • Reduced environmental impact of construction process through zero-waste sequenced pallet capability: • maintains site cleanliness; • massively reduces water use and waste generation; and • subsequent cost of waste removal to landfill. • TAD software heavily reduces offcuts &
Slide 25: Safety benefits
For personal use only • Safety in the construction industry is an issue globally – the Hadrian X® is part of the solution • Reduces occurrences of repetitive stress injuries and strains, while virtually eliminating risks during the undertaking of procedural construction tasks • Removes virtually all
Slide 26: Completed projects
For personal use only Standard Brick Job Comment Type Equivalents (SBEs) • The first display home built by an end-to-end autonomous bricklaying robot anywhere in the world Single Residential Dayton 13,759 • Sale settled in July 2021 (now occupied) • FBR’s first non-residential structure featuring ca
Slide 27: Dynamic Stabilisation Technology applications
® ® For personal use only • Robotics, automation and 3D printing are increasingly viewed as central facets to the future of the construction industry • FBR undertook testing to highlight the potential of DST® by undertaking similar sorts of tasks completed by other existing robotics / automation / 3
Slide 28: Contact
: T: +61 8 9380 0240 For personal: use only E: investor.relations@fbr.com.au Rear left to front right: The next-generation Hadrian X® (H03), The first Hadrian X® (H01), Mark Pivac, Exec. Director and CTO, FBR Mike Pivac, Managing Director and CEO, FBR