Gelion Plc · LSE:GELN
Gelion — Investor Presentation (November 2023)
31 slides from Gelion's investor presentation, November 2023
Slide 1: Next-Generation Batteries: Lithium-Sulfur and Zinc Batteries
Next-Generation Batteries Lithium-Sulfur and Zinc Batteries Investor Meet Company November 2023 CONFIDENTIAL GELION 2023 Gelion are targeting EV, EVTOL and additional mobile and stationary applications
Slide 2: Important information and disclaimer
Important information and disclaimer The information contained in this document (“Presentation”) has been prepared by Gelion plc (the “Company”) solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate the
Slide 3: Important information and disclaimer
Important information and disclaimer Gelion Zinc Technology Gelion has pivoted from targeting development of a Zinc Bromide Battery to a Zinc Hybrid Cell, as we aim to adapt the progress, we have made with our zinc anode design to a hybrid cathode that offers path to a commercial product via lower i
Slide 4: Leadership Team
Leadership Team Prof Thomas Maschmeyer John Wood Amit Gupta Stuart Rayner Founder & Non-Executive Director Chief Executive Officer Chief Financial Officer Commercial Director A serial entrepreneur with four successful John is an experienced and successful CEO of Amit is a Chartered Accountant with o
Slide 5: Gelion PLC: Gelion's battery technologies
Gelion PLC Gelion’s battery technologies 1 2 ▪ Gelion PLC (listed on AIM Lithium-Sulfur Zinc-based hybrid cells UK exchange, GELN) Industry acknowledged Targeting the lead-acid ecosystem ▪ Gelion is a battery technology next-gen technology1 innovator commercialising two globally important next-gener
Slide 6: OXLiD Acquisition: Accelerating speed to market
OXLiD Acquisition: Accelerating speed to market Acquisition will accelerate commercialisation to enable strategic partnership in 2024 People Technology Facilities Products Revenue UK Li-S 5 patent applications 2 exclusive licences 1 Commercial acceleration 2024 OXLiD acquisition Samples provided to
Slide 7: OXLiD: Establishing global presence
Establishing global presence OXLiD Strategic acquisition Joint Development Agreement ▪ Access to advanced lithium-metal anode technology ▪ US-based next-generation silicon-anode company ▪ Increased speed to TRL 4+ product prototypes ▪ Major global investors including Temasek and Lilium ▪ UK-consorti
Slide 8: Transaction overview
Transaction overview Acquisition • Gelion has acquired 100% of OXLiD Ltd, a UK domiciled lithium-sulfur technology company Deal structure The deal was valued at £4.2m and structured as: • £1.25m paid in cash • £0.4m deferred and paid in cash over 6, 12 and 18 months (subject to performance hurdles)
Slide 9: Transaction overview
Transaction overview Rationale • Positions Gelion for sustained growth and success and we are confident that this strategic move will create lasting value for our shareholders. Valuation parameters Internal valuation assessed at c. US$7.3m using DCF (development risk discount of 80%) and other quali
Slide 10: Global Battery Chemistry Landscape
Global Battery Chemistry Landscape Mature Current market of Lithium-ion chemistries Li-ion Lead-acid (NMC, LFP, NCA) and lead-acid. Emerging Sodium-ion Sodium-ion chemistries cells are beginning to be deployed in industry. Next-Generation Solid Lithium-Sulfur 1 , Zinc-based 2 , and Solid-state 3 che
Slide 11: Indicative Commercialisation Milestones
Indicative Commercialisation Milestones Lithium-sulfur OXLiD Johnson Matthey and Li-S R&D £4m Capital raise + US based Ionblox, Initial samples Internal Advanced Commercial Demonstration Validation Strategic USYD Li-S IP expansion strategic acquisition silicon anode JDA to anode partner(s) cell safe
Slide 12: Gelion's Lithium-Sulfur Technology
Gelion’s Lithium-Sulfur Technology CONFIDENTIAL GELION 2023 12
Slide 13: Gelion's Lithium-Sulfur Battery Advantages
Gelion’s Lithium-Sulfur Battery Advantages Lighter, safer, greener batteries with double the energy density at a lower cost Double the gravimetric energy density Bill of materials cost savings of 45%1,2 Gelion’s Li-S is targeting double the gravimetric Gelion estimate Li-S can achieve up to energy d
Slide 14: The lithium-sulfur industry challenges
The lithium-sulfur industry challenges Other industry players have only partially solved the challenges of Li-S Traditional sulfur challenges Long 1. Low Lifecycle / Calendar Life 2. Lower Power Life cycles Polysulfide shuttle has Slower sulfur chemistry has limited lifetime limited C-rates 50-100 c
Slide 15: Gelion's strong IP portfolio
65 patent families Gelion’s strong IP portfolio Strategic Acquisition: Lithium-Sulfur IP Support flexible chemistry approach portfolio Johnson Matthey/Oxis Lithium- Battery systems IP Sulfur IP Portfolio Battery Material Recycling CONFIDENTIAL GELION 2023 15
Slide 16: Gelion's competitive IP position
Gelion’s competitive IP position Gelion has broad IP coverage across all stages of sulfur battery development 15 12 10 9 7 ANODE CATHODE ELECTROLYTE/SEPARATOR DESIGN/MANUFACTURING BATTERY MANAGEMENT Patent families (excl. recycling patents) IP covering all battery development stages TRL 1 TRL 2 TRL
Slide 17: Gelion's flexible technology platform solves the sulfur challenges
Gelion’s flexible technology platform solves the sulfur challenges The approach can be tuned for energy density & long cycle life to meet multiple applications Longer lifecycles Tuneable electrolyte IP protected electrolytes enable low polysulfide system for long lifecycle High energy High power Mul
Slide 18: Sulfur is a safe, high-energy density, low-cost cathode solution
Sulfur is a safe, high-energy density, low-cost cathode solution Current battery technology Si Li S S Graphite NMC or NCA LFP Li metal-S Si-S anode cathode cathode Gravimetric energy (Wh/kg)1 250 160 500+ 350-400 Safety •••• •••• ••• •••• Cycle life 500 3000 300-500 1000+ Material supply2 •••• ••••
Slide 19: Gelion's technology pathways to achieve mass electrification
Gelion’s technology pathways to achieve mass electrification 1 Silicon-sulfur (Si-S) Enabling technologies Silicon anodes & prelithiation Market ready (2026+)2 electrolyte Si S JDA signed with US based >US$1T global market 2 Lithium-sulfur Enabling technologies (Li metal-S) Lithium anode progress el
Slide 20: Commercialisation pathway with partners
Commercialisation pathway with partners Gelion is following a TRL development framework to establish Li-S at commercial scale Advanced Commercial Pilot Commercial Scale Prototyping Centre 1 Scale Cathode/materials supply Multi MWh p.a. (TRL 5,6) GWh scale up (TRL 8,9) Multi kWh p.a. (TRL 4) Revenue
Slide 21: Gelion's Zinc Technology
Gelion’s Zinc Technology CONFIDENTIAL GELION 2023 21 21
Slide 22: Why Zinc? Advantages of zinc
Why Zinc? Advantages of zinc $ Cost. Zinc is an abundant low-cost material (US$2.4/kg)1 low cost water electrolyte Zn Li Li cathode Sustainable. Components are non-toxic and highly recyclable. anode Scalability. Cell format means existing lead-acid ecosystem can be leveraged Gelion’s Gen 5 Zn cells
Slide 23: Zinc anode progress informs Gen 5 pathway
Zinc Gen 4 anode progress informs Gen 5 pathway Gelion - Zinc anodes (March 2023) Gelion - Zinc anodes (June 2023) Zinc plating anodes typically suffer from dendritic growth, Gelion’s technology has enabled smooth zinc plating to increase cycle life however Gelion achieved significant progress in Ju
Slide 24: Zinc Gen5 Competitive Advantage
Zinc Gen5 Competitive Advantage Zn Gen 5 targeted1 cost and performance competitive advantage against incumbent technologies Low Operating Cycle Life & Low Battery Cost Transportation Energy Density Manufacturing Low System Opex Temperature Depth of $/kWh Safety (Wh/L) Capex Range Discharge Zn Gen 5
Slide 25: Financial information
Financial information CONFIDENTIAL GELION 2023 25
Slide 26: Investment Opportunity
Summarised financial Investment £'000 Notes FY221 Audited FY232 Draft/Unaudited information £'000 £'000 Key▪highlights Opportunity Gelion PLC (listed on AIM Other income Total Income 3 1,745 1,745 2,054 2,054 UK exchange, GELN). ▪ FY23 draft results better than analyst expectations Administrative ex
Slide 27: Focused cost savings effort – Annualised impact
Focused cost savings effort – Annualised impact $ Staff Contractors c. £400,000 c. £500,000 Total savings c. £1,000,000 Marketing and other c. £100,000 Based on annualised cost savings from FY23 to FY 24 Assumed exchange rate 1 AUD = 0.53 GBP 27
Slide 28: Summary
Summary Commercialisation summary Gelion is progressing with conviction to be a leader in next-generation battery technologies and convert this to commercial success • Establish leadership We will achieve this with Lithium-Sulfur by: • Targeting fastest ▪ Leveraging the JM/Oxis IP and integrating th
Slide 29: Zinc Hybrid: Pivot to improve match to market and competitiveness
Zinc Hybrid: Pivot to improve match to market and March 2023 Revenue generation competitiveness Q1 2024 feasibility will advise pathway viability Zinc-based cells June 2023 hybrid electrolyte Zn Li L i electrolyte cathode ZnLi Gen 5 Advanced anode technology New cathode technology Time to market New
Slide 30: Lithium Sulfur: Momentum continues toward global lithium-sulfur leadership
Lithium Sulfur: Momentum continues toward global lithium-sulfur leadership Gelion signs JDA with US silicon This is the partner future we Gelion expands into see… Higher energy Li-S R&D UK, acquiring5 capability expanded4 density, cheaper, Gelion acquires 65 OXLiD safer, greener Li-S patent families
Slide 31: Thank you.
Thank you. INFO@GELION.COM GELION.COM CONFIDENTIAL GELION 2023