Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (November 2015)
27 slides from Bluglass's shareholder meeting presentation, Nov 16, 2015
Slide 1: 2015 BluGlass Annual General Meeting
For personal use only 2015 BluGlass Annual General Meeting MONDAY 16 NOVEMBER 2015 BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015
Slide 2: The Year in Review
For personal use only THE YEAR IN REVIEW George Venardos, Non-Executive Chairman BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015
Slide 3: Corporate Overview
CORPORATE OVERVIEW For personal use only BOARD CORPORATE TOP AWARDS & SHAREHOLDERS GRANTS George Venardos Established Chairman as at 1 Aug. 2015 2013 Giles Bourne Managing Director 2006 Australian Cleantech Competition Winner & 2013 Australian Cleantech Competition Manufacturing Award GLOBAL TOP 30
Slide 4: Timeline
TIMELINE Historical BluGlass has made significant technical progress in bringing RPCVD towards commercialisation For personal use only NOV 2012 DEC 2013 APR 2015 JUL 2013 AUG 2014 Proof of concept; First customer Scaled-up RPCVD Veeco Instruments to Produced LED films $3M awarded under revenues rece
Slide 5: Highlights 2015
HIGHLIGHTS 2015 For personal use only AUG 2014 NOV 2014 NOV 2014 APR 2015 MAY 2015 NOV 2015 JUL 2014 Appointed an Commences Produces best Scaled-up RPCVD Received first trial Evaluation Improved device international custom collaboration with Top RPCVD p-GaN light system (BLG-300) for RPCVD wafers ag
Slide 6: Patents
PATENTS Hardware & Process Patents For personal use only 7 PATENT 40GRANTED 18 PATENTS PATENT FAMILIES APPLICATIONS in key markets; China, Japan, USA & Europe BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015 —6—
Slide 7: Foundry Update
FOUNDRY UPDATE For personal use only Multiple foundry BluGlass is now The foundry business customers conducting foundry continues to expose & a growing pipeline of and custom epitaxy BluGlass to new and new customers services for a variety emerging applications that of applications could benefit fro
Slide 8: Financial Performance
FINANCIAL PERFORMANCE For personal use only $4.1M $2.4M $412K $2.1M $300K CASH RAISED IN BURN RATE/MONTH R&D TAX REBATE FOUNDRY REVENUE POSITION AT SPP & DOWN FROM $450K RECEIVED IN 2015 FORECAST FROM A END OF SEP PLACEMENT MONTH IN 2014 SINGLE CUSTOMER OVER THE NEXT 6 MONTHS BLUGLASS LIMITED ANNUAL
Slide 9: The Year Ahead
For personal use only THE YEAR AHEAD Giles Bourne, Managing Director BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015
Slide 10: Veeco Evaluation
VEECO EVALUATION For personal use only RPCVD Evaluation STATUS / Positive initial 2 inch trials for green LEDs Worlds largest MOCVD LED / Now progressing to 4 inch trials and greater collaboration equipment manufacturer / Initial materials evaluation of p-GaN NASDAQ: VECO for power electronics has a
Slide 11: Top-Tier LED Evaluation
TOP-TIER LED EVALUATION For personal use only Collaborative evaluation with Tier-1 LED manufacturer TIER-1 LED COMPANY EVALUATING RPCVD Targeting enhanced performance and lower FOR NOVEL LED cost LEDs using RPCVD APPLICATION Attracted to BluGlass by our latest technology demonstrations and the benef
Slide 12: RPCVD A Platform Technology
RPCVD A Platform Technology BluGlass is targeting the rapidly expanding LED, PV, and Power Electronics markets For personal use only Lighting Mobile devices & TVs LED Green & yellow LEDs UV LEDs Consumer electronics POWER Power Supply ELECTRONICS Data centers Auto Focus on industrial scale solar pow
Slide 13: Commercialisation Paths
COMMERCIALISATION PATHS For personal use only LIKELY PATHS STATUS / License RPCVD technology / In discussion with equipment & device LED / Partner with LED device or equipment manufacturers manufacturer / Evaluation in progress / License RPCVD technology Power / Foundry — wafer sales / In discussion
Slide 14: Path to Market
PATH TO MARKET For personal use only GROW FOUNDRY BUSINESS GAIN INDUSTRY DRIVE DEMONSTRATE ACCEPTANCE COMMERCIALISATION KEY APPLICATIONS Continue to work with MOCVD & RPCVD customers Complete industry BluGlass is evaluating a Improve device at the leading edge of evaluation with multiple number of c
Slide 15: End Markets: LED
END MARKETS LED For personal use only 45% The LED lighting market is anticipated to grow 45% per year through 2020 $216B Global revenue from LED lighting systems is expected to total $216 billion through to 2024 Source: Navigant Research BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015 — 15 —
Slide 16: End Markets: Power Electronics
END MARKETS Power Electronics The Power Electronics markets also presents a growing opportunity for the RPCVD technology For personal use only $2.5B The GaN and SiC power electronics market is expected to be worth $2.5B by 2023 The emerging global market for SiC and GaN power electronics is expected
Slide 17: Introducing Strategic Shareholder SPP Technologies
INTRODUCING Strategic Shareholder SPP Technologies For personal use only TECHNOLOGIES A wholly owned subsidiary of Sumitomo Precision Products (TSE:6355) BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015 — 17 —
Slide 18: Facility & World Leading Team
FACILITY & WORLD LEADING TEAM For personal use only 1,200m2 FACILITY in Sydney, Australia 12 Process Hardware & Device Team 9PhDs Currently generating REVENUE from custom epitaxy & contract R&D BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015 — 18 —
Slide 19: Conclusion: Investment Highlights
CONCLUSION Investment Highlights For personal use only LED, Power & Foundry Solar sales Disruptive Multiple, Well funded, High end foundry A team with global Multiple platform growing end approaching & service leading expertise in awards & technology markets commercialisation capability semiconducto
Slide 20: Technology Review
For personal use only TECHNOLOGY REVIEW DR IAN MANN, CHIEF OPERATIONS & TECHNOLOGY OFFICER BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015
Slide 21: Key Technical Highlights
KEY TECHNICAL HIGHLIGHTS RPCVD for 3rd Party Applications — Industry driven development For personal use only Commences collaboration with global Tier-1 LED manufacturer for enhanced performance and lower cost LEDs using RPCVD Ongoing collaboration with Veeco (largest MOCVD equipment manufacturer) t
Slide 22: Key Technical Highlights
KEY TECHNICAL HIGHLIGHTS For personal use only BLG-300 established best RPCVD results to date surpassing the BLG- 180 3.8x1018 cm-3 RPCVD is now producing very high carrier Generated RPCVD concentration p-GaN with awareness with latest resistivity of p-GaN electrical properties 1.4 Ohm.cm and LED da
Slide 23: Green LED Application
GREEN LED APPLICATION For personal use only 2 KEY An alternative to using a blue LED + yellow phosphor is to use three different LEDs: Red, Green, and Blue (RGB) that MARKETS FOR GREEN LEDs: when mixed can produce both white light, or any colour GENERAL LIGHTING required (see bottom left image) & DI
Slide 24: RPCVD p-GaN for LED Applications
RPCVD p-GaN for LED APPLICATIONS (Blue, Green, Yellow) use only LED Structure grown using MOCVD p-GaN Grown using RPCVD RPCVD p-GaN grown at INTERMEDIATE p-GaN grown at LOW temperature to HIGH temperature Multi-Quantum-Well (MQW) InGaN layer, Multi-Quantum-Well (MQW) InGaN layer, For personal the ac
Slide 25: RPCVD p-GaN for LED Update
RPCVD p-GaN for LED UPDATE % Performance improvement of For personal use only GREEN LED EL DATA MOCVD LED RPCVD LED RPCVD compared to MOCVD Light Output (mW) 1.3 1.6 Vf (V) 3.5 3.9 +10% Peak Wavelength (nm) 525 525 FWHM (nm) 35 33 % Performance improvement of BLUE LED EL DATA MOCVD LED RPCVD LED RPC
Slide 26: Foundry Update
FOUNDRY UPDATE For personal use only $300K COMMITTED WORK GROWING NEW FROM A US BASED CUSTOMER FOR CUSTOMER PIPELINE CUSTOM LEDs (GREEN & BLUE) 2 Specialty application LED Companies Key strategy is to attract customers requiring MOCVD 1 Laser Diode Company wanting to try hybrid RPCVD/MOCVD Laser Dio
Slide 27: Thank You
For personal use only THANK YOU bluglass.com.au BLUGLASS LIMITED ANNUAL GENERAL MEETING 2015