Altech Batteries Limited · ASX:ATC
Altech Batteries — Altech Chemicals — Investor Presentation (November 2021)
37 slides from Altech Batteries's investor presentation, Nov 18, 2021
Slide 1: Company Presentation
For personal use only Altech Chemicals Limited ASX: ATC FRA:A3Y Company Presentation Iggy Tan Managing Director
Slide 2: Tesla Battery Day 2020
For personal use only • Halve the cost per KWh of battery production • Below the $US100/KWh threshold • “4680” Tesla cell (5x energy, 6x power) • 3TWh per year at its own factories by 2030 Tesla Battery • Equal 20 giga factories Day 2020 • Increased use of Silicon in anodes Altech Chemicals Limited
Slide 3: Problem facing today's lithium ion batteries
For personal use only • Forms SEI layer on first charge • Lithium becomes inactive • 8-10% First cycle loss capacity ` Problem facing First Cycle Lithium Loss Graphite Particle today’s lithium Capacity Li+ ion batteries Li+ Li+ Li+ Li+ Lithium ions in SEI become inactive Graphite Negative Separator
Slide 4: SEI layer cracks and continual lithium consumption
For personal use only • SEI layer cracks, exposing new sites for further lithium adsorption • Corrosive HF ions, attack SEI layer, creating further lithium degradation Continual HF ions from electrolyte attack SEI layer HF consumption of Lithium ` ` Graphite Particle HF More Li replaces the SEI Crac
Slide 5: Why HPA Coating?
For personal use only • Reduces first cycle loss (Tau et al., 2019) • Improves cycling stability • Improves high-rate performance (Feng et al., 2016) • Improves fast charging capability (Kim et al., 2016) Why HPA • Prevents thermal runaway under mechanical abuse Coating ? (Xu et al. 2019) Altech Che
Slide 6: Literature - Alumina coated graphite performance
Literature - Alumina coated graphite performance 1 For personal use only 110 100 Capacity Retention Rate (%) 90 Coated Graphite 85% 80 Uncoated Graphite 75% 70 60 40 80 120 160 200 Cycle Number 1. Synthesis of Alumina-Coated Natural Graphite for Highly Cycling Stability and Safety of Li-Ion Batterie
Slide 7: Nail Test – Coated graphite prevents runaway
Nail Test – Coated graphite prevents runaway 1 For personal use only Non Coated graphite 600 Deg C Coated graphite 100 Deg C 1. Synthesis of Alumina-Coated Natural Graphite for Highly Cycling Stability and Safety of Li-Ion Batteries Altech Chemicals Limited ASX : “ATC” FRA : “A3Y” Tao Xu, Chengkun Z
Slide 8: Coating Methods
For personal use only 1. Vapour Method • Atomic Layer Deposition – costly, complex, not mass production 2. Solids Method Coating • Non continuous layer Methods 3. Liquid Method • Most promising • Easy to comercialise Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 9: Our nano alumina coating technology is game changing
For personal use only • 2 nm layer of high purity alumina coating • Pre-forms an SEI layer • Reduces first-cycle-loss capacity and increased battery life • Alumina layer coverts corrosive HF to inert material Our nano alumina coating technology is Graphite Particle game changing Li+ Altech Alumina L
Slide 10: Reduced first cycle loss extends battery life
For personal use only 100% Reduced First Cycle Loss Potential increased Capacity 80% Life of Battery battery life Extension 60% Number of Cycles Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 11: Under the electron microscope
For personal use only Under the 2 nm continuous Electron alumina coating Microscope Altech alumina coating technology Current attempts at alumina coating Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 12: Promising results in half cell battery testing
For personal use only • First phase, 100 cycle battery tests completed • Coated graphite performance over non coated is encouraging • Further test runs required for repeatability Promising • Potential improvements to lithium-ion battery life, Results in half capacity and chargeability cell battery t
Slide 13: Silicon most promising future anode additive
For personal use only • Ten times capacity Si (3,579 mAh/g) C (372 mAh/g) • Promising anode material • But volume expansion 300% on lithiation (C 13%) Silicon most • But 40-50% first cycle loss promising • But higher fade during life (short cycle life) future anode C C C Li+ Li+ additive Li+ Si C C
Slide 14: Barriers to Silicon Use
For personal use only • 300% volume expansion causes fracturing • In the anode it causes swelling • Delamination & loses contact with copper foil Barriers to • Early failure of the battery Silicon Use electrical isolation Silicon Particle ` Fracturing of the Si particle Delamination at the anode Alt
Slide 15: Silicon Content in Anode
For personal use only Silicon Content in Anode Theoretical Energy Capacity mAh/g 1334 1400 1200 1013 Theoretical 1000 693 Energy 800 Capacity 600 372 400 200 0 Graphite 10% Silicon 20% Silicon 30% Silicon Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 16: Alumina coating of Silicon in our Lab
For personal use only Alumina coating of Silicon in our Altech alumina coating Lab Silicon Particle Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 17: Altech's R&D Facility – Perth, Western Australia
Altech’s R&D Facility – Perth, Western Australia For personal use only Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 18: Lab tests show positive results
For personal use only • Lab tests shows positive results • Coated silicon performance over non coated is encouraging Promising Results in half cell battery testing Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 19: Impact of Silicon in anodes on Tesla Model
Impact of Silicon in anodes on Tesla Model 3 For personal use only 423km 0% Silicon 680km 10% Silicon 940km 20% Silicon 1,190km 30% Silicon Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 20: Collaboration Agreements with European Partners
For personal use only • Collaboration agreement with SGL Carbon • Europe leading synthetic graphite producer Collaboration Agreements with European • Collaboration agreement with Ferroglobe • Leading Li-ion battery Si supplier Partners • Alumina coating of silicon seen as long-term solution Altech C
Slide 21: Battery Materials Coating Project Germany
For personal use only • Pre-feasibility battery materials coatings plant • Schwarze Pumpe, Saxony State, Germany • State where EV’s and battery plants Battery • Phase 1 – 10,0000 tpa graphite coating Materials • Option to purchase industrial site Coating Project Germany Altech Chemicals Limited ASX
Slide 22: Altech's Battery Materials Site
For personal use only Altech’s Battery Materials Site Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 23: Europe's Push for Battery Industry
For personal use only • Next chapter of Li-ion battery story is Europe • Europe major battery industry • Capacity of 600 GWh by 2024 • Stringent 2020 EU CO2 emission (95g/km) Europe’s Push • Push to EVs by European car manufacturers for Battery • Less reliant on Asia Industry Altech Chemicals Limite
Slide 24: For personal use only
For personal use only By 2025 $3.5b pa By 2030 By 2030 $6.5b European auto By 2033 market all electric by By 2030 $1b pa By 2026 $86b By 2040 $47b Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 25: Li-Ion Battery Cell Capacity - Europe
Li-Ion Battery Cell Capacity - Europe For personal use only Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 26: 4,500 tpa High Purity Alumina Plant
For personal use only 4,500 tpa High Purity Alumina Plant Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 27: HPA Use and Market
For personal use only • HPA 99.99% purity • Feedstock for LED and Li-ion battery industries • Sapphire wafer substrate for LEDs • Alumina coating in Li-ion batteries HPA Use and • Growth expected from 30ktpa to 272 ktpa by 2030 Market • Recent price forecast by Fact.MR * *Fact.MR - High Purity Alumi
Slide 28: Current HPA Producers vs Altech's disruptive technology
For personal use only Current HPA Producers Alumina Alumina Aluminium Refinery Smelter Dissolution Bauxite Smelter Grade Alumina 99.5% Aluminium Metal 99.99% (4N) Altech’s disruptive ~US$3,000 per tonne HPA technology ALTECH HPA PLANT One Single Process Step Kaolin 99.99% (4N) (aluminous clay) HPA A
Slide 29: HPA Project Summary
For personal use only • 250 year Kaolin mine in Australia • All permits in place – ready to dig • HPA processing plant in Johor, Malaysia • Stage 1 and 2 construction completed HPA Project • 9 patents pending Summary • Bottom quartile costs • Certified “green” project by CICERO Altech Chemicals Limi
Slide 30: HPA Project Summary
For personal use only • 10 Year off take arrangement with Mitsubishi • Lump sum build contract with SMS Group • Senior loan of US$190m secured with KFW IPEX bank (ECA cover) HPA Project • Assessing US$144m junior debt – listed green bonds Summary • Looking for JV partner for US$100m for 49% of proje
Slide 31: FIDS Equity Model Economics
For personal use only • Pre-tax NPV7.5 US$ 505 million • Payback (full rate) 3.9 years • IRR - 22% • EBITDA US$ 76 million p.a. Economics • Capital cost US$ 298 million* FIDS Equity • Production Costs - US$ 8.55 /kg Model • LT Sale Price - US$ 26.9/kg • Gross Margin – 68% • Pre tax, pre financing eq
Slide 32: Use and Source of Funds
For personal use only Use of Funds (US$m) Source of Funds (US$m) Plant Capex $298 KfW Contingency $ 28* KfW Senior Loan $190 Debt Res & WC $ 46* Sec Debt (Green Bonds) $ 90 Fees & Costs $ 41 SMS Equity Contribution $ 10 Use and Less Spent ($ 23) Project Equity (Sell 49%) $100 ^ Total Use of Funds $3
Slide 33: Stage 1 & 2 Maintenance Building
For personal use only Stage 1 & 2 Maintenance Building Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 34: Stage 1 & 2 Maintenance Building
For personal use only Stage 1 & 2 Maintenance Building Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 35: Stage 1 & 2 Electrical Substation
For personal use only Stage 1 & 2 Electrical Substation Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 36: Thank you
For personal use only Right Place Right Time Right Feedstock Right Technology Thank you Altech Chemicals Limited ASX : “ATC” FRA : “A3Y”
Slide 37: Forward Looking Statements
Forward Looking Statements For personal use only Forward-looking Statements This announcement contains forward-looking statements which are identified by words such as ‘anticipates’, ‘forecasts’, ‘may’, ‘will’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, ‘plan’ or ‘intends’ and other sim
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