Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (October 2022)
24 slides from Electrovaya's investor presentation, Oct 5, 2022
Slide 1: Corporate Presentation
Corporate Presentation October 5th, 2022 Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF)
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements, including statements that relate to, among other things, the effect of the ongoing global COVID-19 public health emergency on the Company’s operations, its employees and other stakeholders, including on customer demand, supply chain,
Slide 3: Our Mission
3 Our Mission To accelerate the energy transition with safer and better batteries through technology advancement Electrovaya © 2022 3
Slide 4: About Electrovaya
About Electrovaya 4 Lithium ion battery market leader with 25 years of expertise in designing developing and manufacturing Lithium-Ion Batteries (LIB) Lowering Cost of Ownership Key Milestones for 2022 Longer lasting, high cycle life batteries in order to lower total cost of ownership ● The Company
Slide 5: About Electrovaya: Our locations
About Electrovaya: Our locations 5 Existing Facilities ● 63,000 Sq feet Facility in Mississauga, Ontario ● Assembly & Engineering Development ● Capacity is approx 150 MWh ● To be expanded to 300MWh by 2023 ● Electrovaya Labs division is focused on the technology development and scale up. US Expansio
Slide 6: Jamestown, NY - Gigafactory
Jamestown,NY - Gigafactory 6 About The Facility 130,000 sqft $0.05/kWh Industrial Facility Energy Cost The Gigafactory Plant in Jamestown, NY will allow 100% <3 hours Electrovaya to onshore manufacturing and streamline Renewable Energy Travel to HQ and Key supply chains to support projected battery
Slide 7: Electrovaya Platform Technology Solutions
7 Electrovaya Platform Technology Solutions Infinity Batteries Solid State Batteries Based on proprietary separator Based on proprietary separator and electrolyte technology and electrolyte technology Superior Safety & Lowest Cost of Highest Energy Density Ownership Commercial today In late stage de
Slide 8: Complementary Technology Platforms
Complementary Technology Platforms 8 Electrovaya complementary technologies targeting the various EV applications. Infinity batteries provides industry leading longevity and SSBs provides industry leading energy density Electrovaya SSB* 400 Energy density (Wh/Kg) 300 Electrovaya*** NMC** Infinity -
Slide 9: Technology Solutions: Target market
Technology Solutions: Target market APPLICATION USAGE Market Focus Capital Cost $200+ Billion Dollar SSB E-Passenger Safety 1-2 hrs/day Addressable Market* Cars & Range Aerospace Performance Efficiency E-Buses Nascent, Multi-billion Lifetime E-Delivery Trucks 12-20 hrs/day Dollar Market Safety Owner
Slide 10: Market Opportunity Summary
Market Opportunity Summary Market Opportunity North American Market Challenges Global Commercial EV Market % .97 20 GR CA Supply chain Technology challenges: Expensive issues Safety & lifetime battery technology FY2022 Quarterly Revenue & Estimate 2021 2027 Market size USD Billion Source: Maximize M
Slide 11: Infinity Batteries
11 Infinity Batteries Lithium-ion ceramic cells with highest cycle life and safety setting the industry standards. Material Handling Equipments Current Partner: Raymond High Cycle Life Lowest Cost of Ownership Autonomous Guided Robots Example Partner: Jabil Safety Zero Fire Incidents Li-Ion Ceramic
Slide 12: Infinity Batteries: Cycle Life Advantage
12 Infinity Batteries: Cycle Life Advantage Electrovaya Patented Technology provides the longest Cycle life in Industry: Electrovaya batteries can operate for >25 years with 1 cycle/day Electrovaya E-forklift battery performance from a Electrovaya batteries lifetime VS competitors Fortune 100 compan
Slide 13: Infinity Batteries: Cost of Ownership
13 Infinity Batteries: Cost of Ownership Our Infinity platform have Best Cycle Life in Industry, Providing overall lowest cost of ownership when compared to other lithium ion batteries, fuel cells and lead acid batteries. Electrovaya Heavy Duty Vehicles (HDV) Operate at ~2 Infinity Platform cycles p
Slide 14: Infinity Platform: Safety
Infinity Platform : Safety 14 Multi-level cell and system safety technology with end result being a non-propagating battery design Electrovaya Ceramic vs Coated PO Separator 15 min at 130°C Third Party fire propagation test An Electrovaya 24V battery AFTER fire propagation testing for UL ❖ Individual
Slide 15: Infinity Battery Products
15 Infinity Battery Products Material Handling Electric Vehicles High Voltage Battery Systems & AGVs Electrovaya © 2022 15
Slide 16: Infinity Batteries- Material Handling User Base
16 Infinity Batteries- Material Handling User Base End Users Examples (not a complete list) Retail & Manufacturing Food distribution OEM Customers eCommerce *Confidential User Logistics Electrovaya © 2022 16
Slide 17: Infinity Batteries- Target Road Map
17 Infinity Batteries- Target Road Map 2015-2018 2019 2022 2023- onward Infinity Batteries Commercial Launch: Scaled Launch new Technology Material Handling Manufacturing commercial Development Product Line Deployment of products: E-BUS, 1000s of Infinity E-trucks, Prototypes and OEM Relationship ba
Slide 18: Solid State Batteries- A Disruptive Technology
18 Solid State Batteries- A Disruptive Technology Electrovaya’s Labs division is focused on the technology development and scale up of high energy density solid state batteries on track to reach automotive targets Electrovaya © 2022 18
Slide 19: Solid State Batteries- Target Road Map
19 Solid State Batteries- Target Road Map 2022 2023 2024/25- onward Establish IP Position Establish GWh scale Scale to Multilayer Pouch Pre-production of large production Cells format cells Scaled Establish Manufacturing Characterization and Commercialization Processes Commercial Qualification Initi
Slide 20: Management Team
20 Management Team Dr. Raj S. Das John Gibson, Dr. Sankar Das Dr. Jeremy Dr. Elmira Jason Roy, Gupta, CFO Gupta, Dang, Memarzadeh Director, Corporate CEO, Director VP, Business & Project Director, Engineering Development and Executive Chairman Development Programs Investor Relations Electrovaya © 20
Slide 21: Board of Directors
21 Board of Directors Prof Carolyn Dr. James Dr. Bejoy Das Kartick Kumar, Hansson, Jacobs, Gupta, Director Director Director Director Electrovaya © 2022 21
Slide 22: Financials
22 Financials FY2023 revenue target ~$42 million (~C$56 million)** * Non-IFRS Measure: Adjusted EBITDA does not have a standardized meaning under IFRS. Therefore it is unlikely to be comparable to similar measures presented by other issuers. We believe that certain investors and analysts use Adjuste
Slide 23: Capital Share Structure
23 Capital Share Structure Ticker: TSX:EFL Ticker: OTCQB:EFLVF Shares Outstanding* : 147,187,194 Shares Outstanding* : 147,187,194 Share Price* : CAD $1.11 Share Price* : USD $0.83 Market Cap* : CAD $163,377,785 Market Cap* : USD $122,165,371 Insider Ownership: ~ 38% Insider Ownership: ~ 38% * Stock
Slide 24: Investor & Media queries, please contact
Investor & Media queries, please contact: Jason Roy Director, Corporate Development & Investor Relations Phone: 905-855-4618 Email: jroy@electrovaya.com Web: www.electrovaya.com Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF)