Aqua Metals, Inc. · NASDAQ:AQMS
Aqua Metals — Q2 2017 Earnings Presentation
14 slides from Aqua Metals's earnings presentation, Aug 9, 2017
Slide 1: 2017 Q2 Earnings Call
August 9, 2017 NASDAQ: AQMS 2017 Q2 Earnings Call
Slide 2: Safe Harbor
Safe Harbor NASDAQ: AQMS This document contains forward - looking statements concerning Aqua Metals, Inc., the lead - acid battery recycling industry, the intended benefits of its agreements with Johnson Controls and Interstate Batteries, the future of lead - acid battery recycling via traditional s
Slide 3: Highlights
Highlights • Recognized our first revenue from AquaRefinery 1 (McCarran, NV) • 4 AquaRefining modules operating • Secured our first 2 international patents, Korea (10 - 1739414) and Australia (210435227) • Acquired UK based Ebonex IPR Limited • Appointed Mark Weinswig as CFO effective 8/10/17 • Host
Slide 4: Agenda
Agenda • Operational update • 48V vehicle batteries – a game changer for the lead industry? • Business expansion • Intellectual Property • CFO Succession • Financials • Summary 4 NASDAQ: AQMS
Slide 5: Operational update – preparing for roll-out
Operational update – preparing for roll - out • Breaking and Separation: operational – Improvements installed and successful – More opportunities in front of us • Aqua Preparation: operational – Upgrades installed and successful – More upgrades being evaluated • Aqua Refining: Module 1 – 4 operation
Slide 6: AquaRefinery 1: achieving continuous improvements (breaking and separation)
AquaRefinery 1: achieving continuous improvements • Breaking and separation – adding science to the art – Leveraging battery recycling techniques with technologies & know - how from material handling and mining industries – Working to develop industry leading breaking and separation NASDAQ: AQMS 6
Slide 7: AquaRefinery 1: achieving continuous improvements (Aqua Preparation)
AquaRefinery 1: achieving continuous improvements • Aqua Preparation – operating – Leveraging chemical industry technologies and best practices – Achieved a four fold reduction in electrolyte volume NASDAQ: AQMS 7
Slide 8: AquaRefinery 1: achieving continuous improvements (AquaRefining)
AquaRefinery 1: achieving continuous improvements • AquaRefining – significant advances made – Module design simplified with reduced components – Plating voltage and energy reduced – Operation simplified and more robust – Increased range of operating parameters – Working to develop simplified module
Slide 9: 48V Automotive standard could revolutionize the battery industry
48V Automotive standard could revolutionize the battery industry • What’s happening – LAB industry responding with 48V “Bipolar” batteries – Extended cycle life and operation at partial state of charge – could be a game - changer for the battery industry • Why it’s important – Wide scale adoption of
Slide 10: Business expansion, recognizing existing opportunities and 48V
Business expansion, recognizing existing opportunities and 48V • Additional facilities – Proceeding as planned – additional 4 - 5 facilities of ~160T/day each • Expect to fund with project and/or debt financing – Production re - balanced to produce more AquaRefined lead and less grid alloy – Strong
Slide 11: Intellectual Property
Intellectual Property • IP Strategy focused on “Materials and Methods” – We are proving electrochemical battery recycling is viable – Protecting our breakthrough - 20 patents applied for in 20 countries • First 2 patents granted - Korea (10 - 1739414) and Australia (210435227) – We chose the Korean
Slide 12: CFO Succession
CFO Succession NASDAQ: AQMS 12 • On July 31, we announced the hiring of Mark Weinswig as our new CFO, effective August 10 • Tom Murphy is retiring and during a transition period will remain a consultant to help with some existing projects • Mark comes to Aqua Metals with significant experience worki
Slide 13: Financials
*Operating loss for quarter and six - month ended 6/30/17 includes $2.4M impairment charge relating to Ebonex IPR. NASDAQ: AQMS 13 Quarter Ended 6/30/16 Six - Months Ended 6/30/17 Quarter Ended 06/30/16 Six - Months Ended 06/30/16 Operating Loss* $(8.0M) $(12.5M) $(2.8M) $(5.0M) Net Loss $(8.4M) $(1
Slide 14: Key Takeaways
Key Takeaways • Aqua Metals recognized its first revenue in Q2’17 • Our primary focus is to have 16 AquaRefinery modules running by year end and to be prepared for licensing activities • The experience we have gained supports licensing roll - out with our current partners • Strong interest from othe