Altair Nanotechnologies — Investor Presentation (October 2011)
23 slides from Altair Nanotechnologies's investor presentation, October 2011
Slide 1: Altairnano company presentation
Terry Copeland President and Chief Executive Officer John Fallini Chief Financial Officer www.altairnano.com © 2011 Altairnano, All rights reserved 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties a
Slide 3: Altairnano: Creating A Better Lithium-Ion Battery
Altairnano: Creating A Better Lithium-Ion Battery • Design and manufacture of advanced lithium-ion batteries and systems • Proprietary nano lithium-titanate technology (LTO) • Our technology provides superior performance: – Long life – Safety – High charge and discharge rates • Commercial stage cred
Slide 4: Public Company Summary and Overview
Public Company Summary and Overview • Ticker: ALTI • Price (2/18/11): $2.58 • 52 Week Range: $1.20 - $3.32 • Shares Outstanding: 27 Million • Market Capitalization: $69.7 Million • Average Volume (3 Months): 185,005 Shares • ~100 Employees • 2 Locations – Reno, NV – headquarters and LTO manufacture
Slide 5: Altairnano Has the Management Team to Execute
Altairnano Has the Management Team to Execute • Senior team – Terry Copeland – President and CEO (2007) – John Fallini – CFO (2008) – Dan Voelker – VP Engineering and Operations (2008) – Bruce Sabacky – CTO (1996) – Tom Kieffer – VP Marketing and Sales (2010) – Robert Pedraza – VP Corporate Strategy
Slide 6: Altairnano Is An Attractive Investment Opportunity
Altairnano Is An Attractive Investment Opportunity • Large and Growing Markets • Electric Grid - $50B Global • Grid stability (frequency regulation and power quality) • Renewable energy integration (wind, solar) • Transportation – $5.4B Global • Hybrid and electric commercial vehicles and buses • In
Slide 7: Technology Provides Marketable Differentiation
Technology Provides Marketable Differentiation • Cycle life 4-6 times greater than competition – 16,000 plus cycles at 100% depth-of-discharge • Fastest charge and discharge rates in the industry – 90% system recharge in only 6 minutes • Widest temperature operating range of any lithium technology –
Slide 8: Creating Sales Traction
Creating Sales Traction • Latin American Electric Utilities • US Fortune 50 Company • University of Hawai‘i • Global Wind Turbine Manufacturer • Global Auto Manufacturer • Fuel Cell Manufacturer • KEMA • Idaho National Labs • Proterra ($4.6mm) • Carnegie-Mellon • INE ($18 mm) • Sandia • HNEI ($1.8mm
Slide 9: Electric Grid Near-term Focus: The Americas
Electric Grid Near-term Focus: The Americas Active Market Sales Application Driver Target Market Pipeline Frequency Unstable Latin America 80 MW Regulation Grid / and Grid High Fuel Alaska and 20 MW Stability Costs Island Grids Ability to U.S. – PJM 60 MW Monetize and New York Value of ISOs Fast Res
Slide 10: INE: Providing Grid Stability in El Salvador
INE: Providing Grid Stability in El Salvador • 10MW advanced ALTI-ESS system for frequency control – Announced Feb 16, 2011 – Improves grid stability – Creates additional generation capacity – Scalable • $18 million turnkey installation over 13 months • Electricity generation is very expensive – Imp
Slide 11: Hawai‘i Natural Energy Institute (HNEI): Wind Integration
Hawai‘i Natural Energy Institute (HNEI): Wind Integration • Altairnano to demonstrate wind integration with first project – 1MW ALTI-ESS energy storage system – Hawi wind farm connected to Hawai’i Electric Light Co. utility grid – $1.8 million 3 year contract • HNEI is key influencer in Hawai‘i rene
Slide 12: Transportation: U.S. Commercial Vehicles and Buses
Transportation: U.S. Commercial Vehicles and Buses U.S. Hybrid Electric Truck Market Growth • Active Sales Pipeline – System Integrators: 6 – Drive train Mfg.: 5 – Vehicle OEMs: 4 • Target Customers – Battery system integrators – Drive train manufacturers – Commercial vehicle OEMs • Truck – class 3-
Slide 13: Proterra: Fast Charging A Competitive Advantage
Proterra: Fast Charging A Competitive Advantage • Altairnano has long-term supply agreement – $4.6 million order through June 2011 – 75+ buses forecast for 2011 – Expected annual plant capacity – 1000+ • All electric bus – Zero emissions – Reduced noise • Altairnano provides rapid charge technology
Slide 14: Industrial Markets Provide Challenging Applications Suited to Altairnano Technology
Industrial Markets Provide Challenging Applications Suited to Altairnano Technology • New market focus targeting hybrid and stationary applications requiring: – Wide temperature operation ranges – Long cycle life requirements – Fast charge/discharge – Challenging duty cycles • Targeting established
Slide 15: Canon Investment Holdings, Ltd.
Canon Investment Holdings, Ltd. • Hong Kong registered company • Operating Company is Zhuhai Yintong Energy Co., Ltd. (YTE), a manufacturer of lithium-ion batteries in Zhuhai, China • Installed battery manufacturing capacity of 100 mm Ahrs • Government license for LTO use in buses • Guangdong Provin
Slide 16: Canon Transaction Summary
Canon Transaction Summary • September 20, 2010: Altair agreed to issue to Canon a number of newly- issued common shares equal to 51% of Altair's fully-diluted common stock outstanding • Gross proceeds: $48.9 million to Altair – Purchase price: $1.5528 per share (after 4-for-1 reverse stock split) –
Slide 17: Amendment to Canon Share Subscription Agreement
Amendment to Canon Share Subscription Agreement • February 16, 2011: Altair and Canon agreed to extend the closing deadline and closing date under the Agreement to May 17, 2011 • Altair received authorization to raise additional capital from third parties prior to May 1, 2011, subject to: – Dilution
Slide 18: Financials
Financials www.altairnano.com © 2011 Altairnano, All rights reserved 18
Slide 19: History & Projections
History & Projections • 2008 – Comprehensive strategic review • 2009 – Exit Life Sciences and Performance Materials Markets – Focus on utility & mass transit markets – Define and develop complete turnkey solution – Develop robust business development capability • 2010 – Build sales pipeline – Genera
Slide 20: Income Statement ($000) – December 31, 2010
Income Statement ($000) – December 31, 2010 12 Months Ended December Revenues Product sales $ 3,543 Commercial collaborations 364 Contracts and grants 3,923 Total revenues $ 7,830 Total cost of goods sold 5,800 Gross profit $ 2,030 Operating expenses Research and development 8,212 Sales and marketin
Slide 21: Balance Sheet ($000) – December 31, 2010
Balance Sheet ($000) – December 31, 2010 12/31/2010 ASSETS Cash and cash equivalents $ 4,695 Product inventories 6,825 Property, plant and equipment, net 8,727 Other assets 4,013 TOTAL ASSETS $ 24,260 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable 2,873 Accrued salaries and benefits 743 Defer
Slide 22: Cash Flow Statement ($000) – December 31, 2010
Cash Flow Statement ($000) – December 31, 2010 12 Months Ended December Cash flows from operating activities: Net Loss $ (22,291) Adjustments to reconcile net loss to net cash Used in operating activities: 6,235 Changes in operating assts and liabilities: 901 Net cash used in operating activities: $
Slide 23: Altairnano Positioned for Commercial Success
Altairnano Positioned for Commercial Success • Large Target Market Opportunities – Electric Grid – Transportation – Industrial • Management Team That Can Execute • Technology With A Clear Competitive Advantage • Creating Meaningful Sales Traction In Target Markets • Canon Investment Positions Altair
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