Anteotech Ltd · ASX:ADO
Anteotech — Investor Presentation (May 2023)
43 slides from Anteotech's investor presentation, May 23, 2023
Slide 1: Investor Presentation
For personal use only Investor Presentation Revenue stage high performance materials- Unlocking global battery anode market Date of Publication: 2 3 r d M a y 2 0 2 3
Slide 2: Important Notice
IMPORTANT NOTICE SCOPE & LIMITATIONS For personal use only This Presentation has been prepared by AnteoTech Ltd (AnteoTech or the Company) (ASX.ADO). The Presentation is a summary only and does not contain all the information about the Company’s assets and liabilities, financial position and perform
Slide 3: Creating value through accelerated development and commercialisation
For personal use only CREATING VALUE BY THE ACCELERATED DEVELOPMENT AND COMMERCIALISATION OF SOCIETALLY BENEFICIAL SOLUTIONS THROUGH OUR EMPOWERED AND PASSIONATE TEAM AnteoTech Company Presentation 3
Slide 4: AnteoTech Overview
ANTEOTECH OVERVIEW ASX listed binder materials company leveraging proprietary, high performance, nano polymer technology For personal use only Revenue stage chemistry company ~$70m market cap - New highly experienced leadership team delivering commercial outcomes in the short term Market leading, pa
Slide 5: Unlocking a $21B opportunity in clean energy
UNLOCKING A $21B OPPORTUNITY IN CLEAN ENERGY AnteoTech’s technology portfolio is the key enabler of higher silicon content anodes - unlocking the next generation of battery performance for high demand areas such as Electric Vehicles For personal use only Electric Vehicles are driving Graphite has re
Slide 6: 'Silicon is awesome & inexpensive' - Tesla
‘SILICON IS AWESOME & INEXPENSIVE‘ - TESLA Silicon is the most abundant element in the earth’s crust after oxygen – and stores 10x more lithium than graphite For personal use only “By leveraging the silicon to its potential, we can increase the range of our vehicles by 20%” Drew Baglino Tesla Senior
Slide 7: The key to next gen clean energy & life science products
THE KEY TO NEXT GEN CLEAN ENERGY & LIFE SCIENCE PRODUCTS Proven chemical enabling technology for the rapidly growing battery anode market and life sciences For personal use only Anteo XTM is a powerful cross-linker additive that AnteoBind is a unique binder platform that provides a reinforces batter
Slide 8: New commercially focused leadership team
NEW COMMERCIALLY FOCUSED LEADERSHIP TEAM Katrina Byrne - Chief Operating Officer • Extensive domestic and international experience in operations, projects and supply chain management across multiple industries • Proven track record in Senior Executive positions leading rapid commercialisation of R&D
Slide 9: Focused on execution and generating near term revenue
FOCUSED ON EXECUTION AND GENERATING NEAR TERM REVENUE Strategies to drive revenues this year - focused on partnering and sales generation plus expanding the supporting infrastructure For personal use only Clean Energy Commercialisation and Development activities 1 - Sales & marketing and early comme
Slide 10: Environmentally & socially responsible
ENVIRONMENTALLY & SOCIALLY RESPONSIBLE AnteoTech is committed to being a low carbon footprint, sustainable company with the highest possible ESG standards For personal use only Advancing Clean Energy Eco-Friendly Production Quality & Accreditations Battery Technology and Low Carbon Footprint Hold IS
Slide 11: Clean Energy Technology
CLEAN For personal use only ENERGY TECHNOLOGY Enabling the transition to next generation batteries 11
Slide 12: Lithium-ion battery market opportunity
LITHIUM-ION BATTERY MARKET OPPORTUNITY As energy storage demands increase and technology advances, demand for high silicon content lithium-ion batteries will grow significantly - AnteoTech has key technology that can unlock this value For personal use only US$21B addressable market USD $Billions Lit
Slide 13: Lithium-ion battery anodes - a need for a step change
LITHIUM-ION BATTERY ANODES - A NEED FOR A STEP CHANGE For personal use only Changing battery market dynamics - Graphite The Solution - Silicon Lithium-ion Graphite Anode Shift to Silicon • Li-ion is the most common battery • Graphite is the current preferred • Increasing silicon content in the anode
Slide 14: Silicon provides a step-change improvement for batteries
SILICON PROVIDES A STEP-CHANGE IMPROVEMENT FOR BATTERIES Increasing the silicon content in a battery's anode provides for a range of performance benefits For personal use only Silicon battery anodes are smaller, Lighter 10x More energy capacity by weight lighter and last longer Smaller 3x More energ
Slide 15: Silicon anodes face major technical hurdles
SILICON ANODES FACE MAJOR TECHNICAL HURDLES Significant technical challenges have limited current anodes to only 5% – 10% of silicon content For personal use only Swelling damage First cycle loss Shorter Battery life Silicon expands by 280% Lithium loss on first cycle Overall battery cycle life when
Slide 16: Anteo X binder and anode - key to unlocking silicon benefits
ANTEO XTM BINDER AND ANODE – THE KEY TO UNLOCKING THE SILICON BENEFITS For personal use only Anteo XTM reinforces the binder bonds resulting in a uniform 3D structure, that maintains its form after many cycles. Source: AnteoTech graphical representation of AnteoTech's binder solution in AnteoTech’s
Slide 17: Anteo X binder - providing major benefits to customers
ANTEO XTM BINDER – PROVIDING MAJOR BENEFITS TO OUR CUSTOMERS Performance enhancing additive included with current battery binders – enables much higher silicon content in the battery anode - without the typical issues of swelling, cycle loss and shorter life For personal use only Anteo XTM - powerfu
Slide 18: Anteo X & anode technology - trialled by battery industry leaders
ANTEO XTM & ANODE TECHNOLOGY - TRIALLED BY BATTERY INDUSTRY LEADERS Evaluations underway with commercial supply agreements and first sales expected in 2023 For personal use only Trinseo (ex Dow Chemicals) ~$1b Nasdaq listed company, is a global Wyon, a leader in the development and production of cus
Slide 19: Initial production facility - scalable
INITIAL PRODUCTION FACILITY - SCALABLE Anteo XTM initial 20,000L capacity production facility will be fully commissioned in December 2023 Quarter For personal use only First Production Facility - Brisbane Supplying Anteo XTM for up to 30m • Brisbane based 20,000L production facility is under constru
Slide 20: Next generation battery technology
NEXT GENERATION BATTERY TECHNOLOGY Leveraging our internal know how and complementary technologies to provide a step change in battery performance and efficiency For personal use only AnteoTech’s Micro Silicon Anode Major Benefits to our Customers • Ground-breaking silicon rich anode in late-stage d
Slide 21: Targeting multiple customers & end users
TARGETING MULTIPLE CUSTOMERS & END USERS Multi-layered market entry strategy – engaging multiple stakeholders to promote the key product benefits For personal use only Product Market Entry Strategy End Customers Binder Additive LAUNCH with in-house manufacture of binder Chemical companies additive f
Slide 22: Targeted commercialisation pathway
TARGETED COMMERCIALISATION PATHWAY Potential customers across different verticals are well understood and a multi-pronged sales strategy is in place For personal use only Phase 1 Phase 2 Anteo XTM is a performance enhancing additive that enables innovation of Specialty Battery silicon containing ano
Slide 23: Life Sciences
For personal use only LIFE SCIENCES Revenue stage products for life science & vaccine applications 23
Slide 24: Unique nanoglue platform - AnteoBind
UNIQUE NANOGLUE PLATFORM - ANTEOBINDTM Increased awareness of Point of Care testing is opening new markets in veterinary, food, agricultural and environmental testing- lower regulatory hurdles and faster path to market For personal use only HOW ANTEOBINDTM WORKS • Metal ion polymers are positively c
Slide 25: Integrated lifescience business model
INTEGRATED LIFESCIENCE BUSINESS MODEL Development of near-term revenue streams leveraging AnteoBindTM and Point of Care development services For personal use only • Drive sales with AnteoBindTM & associated services for near term revenue growth Raw Materials • Target large multinational diagnostic a
Slide 26: Life sciences commercialisation pathway
LIFE SCIENCES COMMERCIALISATION PATHWAY Leveraging AnteoBindTM and paid development services to create multiple paths to market For personal use only AnteoBind and Ready to Use Kits Paid Development Services Life Sciences and Vaccine Manufacturers Universities & Research Organisations AnteoTech Comp
Slide 27: Strategic Growth Initiatives
STRATEGIC GROWTH INITIATIVES For personal use only Growing the commercial footprint & revenue base 27
Slide 28: Revenue timeline
REVENUE TIMELINE Revenue from sales activities is targeted to grow in H2 2032 as outcomes from the commercial agreements enter manufacturing phases and the market. For personal use only H2 FY23 FY24 FY25 FY26 AnteoBindTM Services Anteo XTM Silicon Anode AnteoTech Company Presentation 28
Slide 29: AnteoTech - targeted milestones & news flow
ANTEOTECH – TARGETED MILESTONES & NEWS FLOW 2023 2024 & Beyond For personal use only June Quarter 2024 • Trinseo Anteo XTM product validation • Additional Clean Energy partnerships • Commercial agreements for AnteoBindTM • Anteo XTM production facility scale up • Development agreements – EV companie
Slide 30: Clean energy - commercialisation
CLEAN ENERGY - COMMERCIALISATION Creating long term value through development of commercial partnerships - leveraging the unique capabilities of the Anteo XTM binder to unlock the Silicon challenge For personal use only • Commercialisation activities to bolster existing pipeline of Sales & potential
Slide 31: Life sciences - focused on revenues
LIFE SCIENCES - FOCUSED ON REVENUES Refocus Life Sciences division to prioritise commercial opportunities that generate near term positive cashflow For personal use only • Targeted sales and marketing activities with large life science Strategy to develop commercial Sales & and vaccine manufacturing
Slide 32: Corporate & financial snapshot
CORPORATE & FINANCIAL SNAPSHOT AnteoTech has trimmed its cost base and refocused resources to the higher value opportunities in the clean energy market For personal use only CORPORATE* Market Cap $77.9m 52 week high - low $0.038 – $0.093 Shares on issue 2.05b Board and management holding – additiona
Slide 33: Investment highlights
INVESTMENT HIGHLIGHTS Next Generation Battery Technology For personal use only Patent protected, market leading, platform technology which unlocks the path to high silicon content battery anodes Lighter, Smaller, Cheaper, Faster Anteo XTM delivers significant battery performance benefits Partnering
Slide 34: Appendices
For personal use only APPENDICES 7
Slide 35: AnteoTech focus in the lithium-ion battery value chain
ANTEOTECH FOCUS IN THE LITHIUM-ION BATTERY VALUE CHAIN AnteoTech will initially target battery component manufacturers as our performance enhancing binder additive enables increased silicon content For personal use only Binder additive Complete Binder Micro silicon Anode Product Range Component Cell
Slide 36: Anteo X technology can add battery life & range for EVs
ANTEO XTM TECHNOLOGY CAN ADD BATTERY LIFE & RANGE FOR EVs The industry standard graphite anodes have reached their technical limitations For personal use only AnteoTech’s technology solutions can drive enhanced battery energy storage as a result of enhanced silicon integration Increasing silicon can
Slide 37: AnteoTech silicon anode - achieves commercial targets
ANTEOTECH SILICON ANODE - ACHIEVES COMMERCIAL TARGETS Enabling high energy and cost-effect batteries by making pure silicon anodes achieving more than 500 full charge and discharge cycles at above 80% capacity retention For personal use only 100 Capacity retention (%) excl. formation 80 60 40 Anteo
Slide 38: Anteo X technical results
ANTEO XTM TECHNICAL RESULTS Proprietary Anteo XTM binder additive paired with conventional binder demonstrated to stabilize anode with 70% silicon content For personal use only Fig. 1 mSi with off-the shelf binder and AnteoXTM - 15% Fig. 2 mSi with off-the shelf binder and AnteoXTM - 10% LiPAA 3000
Slide 39: Anteo X recent technical results
ANTEO XTM RECENT TECHNICAL RESULTS Anteo XTM significantly improves performance of the electrode at every tested binder level delivering up to 100% improvement in number of charge and discharge cycles for a silicon dominant anode configuration For personal use only Anteo X in >1000mAh/g silicon anod
Slide 40: ASX battery landscape
ASX BATTERY LANDSCAPE AnteoTech represents an attract investment proposition compared with other ASX battery companies1 For personal use only Li-S Energy Ltd VSPC Ltd Magnis Energy Altech Batteries Redflow Ltd NOVONIX Ltd AnteoTech Ltd (ASX:LIS) 100% Subsidiary of Technologies Ltd Ltd (ASX:RFX) (ASX
Slide 41: How lithium-ion batteries work
HOW LITHIUM-ION BATTERIES WORK Current industry standard batteries use lithium-ion composition for energy storage with a cathode and anode for charging For personal use only Discharge Charge Charged: lithium ions migrating from cathode to anode Discharge: lithium ions migrating from anode to cathode
Slide 42: Current approaches to silicon
CURRENT APPROACHES TO SILICON Current silicon anode methods use highly engineered, carbon intensive, expensive materials For personal use only SILICON STRUCTURED SILICON STRUCTURED SILICON TESLA IN SIO GLASS IN GRAPHITE NANOWIRES SILICON $ 6.6 / K W h $ 10.2 / K W h > $ 100 / K W h $ 1.2 / K W h Sou
Slide 43: CET intellectual property
CET INTELLECTUAL PROPERTY AnteoTech’s broad portfolio of granted and pending patents protect key elements of its technology Intellectual property and patents For personal use only Granted patents Provisional patents Pending patents Electrode composition Cured conductive binder Patent 1 – Extension o