Silex Systems Limited · ASX:SLX
Silex Systems — Investor Presentation (August 2014)
18 slides from Silex Systems's investor presentation, Aug 27, 2014
Slide 1: Silex Systems Limited Investor Update
For personal use only Silex Systems Limited Investor update (ASX: SLX) (OTCQX: SILXY) Dr Michael Goldsworthy, CEO / Managing Director August/September 2014 © Silex Systems Limited 2014
Slide 2: Forward Looking Statements
P2 Forward Looking Statements For personal use only Silex Systems is a research and development Company whose assets are its proprietary rights in various technologies, including, but not limited to, the SILEX technology, Solar Systems technology and business, Translucent technology and ChronoLogic
Slide 3: Disclaimer
P3 Disclaimer For personal use only Silex Systems Ltd (Silex) has prepared this presentation based on information available to it. The information in this presentation does not purport to be a complete description of Silex and/or its various business activities. Except as required by law, no represe
Slide 4: The Company
P4 The Company For personal use only Silex Systems is a unique technology company, focusing on the development and commercialisation of its innovative and potentially disruptive laser-based SILEX uranium enrichment technology. © Silex Systems Limited 2014
Slide 5: Silex Systems Strategic Review
P5 Silex Systems Strategic Review For personal use only • Strategic review of entire business undertaken by Board in response to recent adverse market conditions, with results announced 30th June 2014 • Key decision – to return the primary focus of the company to the development and commercialisatio
Slide 6: Major Strategic Review - Overview
P6 Major Strategic Review - Overview For personal use only ChronoLogic • Cessation of operations completed in July 2014 • Significant patent portfolio established in recent years • Efforts continue to achieve IP license or sale Translucent • Priority is to pursue an accelerated path to commercialisa
Slide 7: Solar Systems CPV Dish Technology
P7 Solar Systems CPV Dish Technology For personal use only Two Concentrating Photovoltaic (CPV) Dish Solar Power Stations built and operated: 1. Mildura, Australia (~1.5MW, 40 dishes) opened in July 2013 • Solar Systems is exploring additional options to further develop the site and other potential
Slide 8: Translucent – Novel Semiconductor Substrate Materials
P8 Translucent – Novel Semiconductor Substrate Materials For personal use only • Translucent’s next generation semiconductor materials being prepared Epiwafer products for application to power electronics and ultra-high efficiency solar cells • Materials include ‘Rare Earth Oxides’ (REO’s) which aim
Slide 9: SILEX Laser Uranium Enrichment Technology
For personal use only SILEX Laser Uranium Enrichment Technology © Silex Systems Limited 2014
Slide 10: Advantages of the SILEX Technology
P10 Advantages of the SILEX Technology For personal use only • Enrichment is the most difficult and costly step in making nuclear fuel for power reactors (~35% to 40% of total cost) • SILEX is a breakthrough in efficiency – most cost effective enrichment method • Anticipated to have the lowest capit
Slide 11: Commercialisation and License Agreement
P11 Commercialisation and License Agreement For personal use only Perpetual Royalty Agreement with Global Laser Enrichment (GLE) • Exclusive worldwide commercialisation and license agreement for the SILEX Technology – signed in 2006 • GLE funding of commercialisation program - based in 51% 25% 24% W
Slide 12: GLE's Phased Approach to Commercialisation
P12 GLE’s Phased Approach to Commercialisation For personal use only GLE restructure announced on 24th July 2014 • GLE announced changes to the funding and pace of the commercialisation program to align with adverse market conditions • Key commercial terms in the license agreement have not changed -
Slide 13: Paducah Enrichment Plant Opportunity Update
P13 Paducah Enrichment Plant Opportunity Update For personal use only Negotiations between GLE and the DOE continue • Closure of existing 1st generation gaseous diffusion plant in May 2013 – led to Department of Energy (DOE) bid process for future operations. • GLE submitted a proposal to the DOE in
Slide 14: Nuclear Energy Market Outlook
P14 Nuclear Energy Market Outlook For personal use only Global Nuclear Capacity to Increase Significantly • Likely potential for doubling in nuclear capacity from 435 plants today to ~ 900 plants in 2030 (allowing for some closures of older plants, and several Japanese plants likely to be permanentl
Slide 15: Uranium Enrichment Market Outlook
P15 Uranium Enrichment Market Outlook For personal use only Short Term Market Outlook – ‘Negative’ • Short term market likely to remain depressed due to impact of Japanese industry shutdown • Japanese reactors - likely to see first restarts later this year - slower than anticipated • Enrichment pric
Slide 16: Why Nuclear Power is Essential to Sustainable Growth
P16 Why Nuclear Power is Essential to Sustainable Growth For personal use only Equivalent 1GWe Power Generation Plants Nuclear Coal Gas Fuel / yr* ~20 tons ~4,000,000 tons ~1,000,000 tons CO2 Emissions* 0 tons ~6,000,000 tons ~3,000,000 tons Cost*(LCOE) / MWh $65 ~ $100 $65 ~ $100 $55 ~ $100 *Source
Slide 17: Silex Core Investment Case
P17 Silex Core Investment Case For personal use only Company is well positioned to execute the major strategic review including a significant reduction in cash burn during FY 2015 (current cash reserves of ~$60m) Strategy to accelerate transition to market for subsidiary businesses Solar Systems
Slide 18: Thank you
For personal use only Thank you © Silex Systems Limited 2014