Calix Ltd. · ASX:CXL
Calix — Canaccord Genuity 43rd Annual Growth Conference (August 2023)
22 slides from Calix's conference presentation, Aug 9, 2023
Slide 1: ASX Announcement: Calix Investor Presentation – August 2023
ASX Announcement 9 August 2023 Calix Investor Presentation – August 2023 Sydney, Australia | 9 August 2023 – Australian environmental technology company, Calix Limited (ASX: CXL) (“Calix” or “the Company”) provides a correction to its presentation to the Canaccord Genuity 43rd Annual Growth Conferen
Slide 2: About Calix
About Calix Calix Limited (ASX: CXL) is an environmental technology company solving global challenges in industrial decarbonisation and sustainability, including CO2 mitigation, sustainable processing, advanced batteries, biotechnology and water treatment. Calix’s patented core technology platform d
Slide 3: Decarbonisation technology for multiple industries
For personal use only Decarbonisation technology for multiple industries August 2023 1
Slide 4: Important Disclaimer
Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). An investment in Calix securities is subject to investment and other known and unknown risks, some of which are beyond the control of Calix, including possible delays in repayment and loss of
Slide 5: Calix's core technology platform
Calix’s core technology platform A new way to heat stuff up… For personal use only CO2 capture Capture of high purity An AUSTRALIAN invention… CO2 when processing limestone 28 patent families covering core technology and Lime and applications Cement >A$120m has been invested to date in developing th
Slide 6: Industrial decarbonisation tailwinds
Industrial decarbonisation tailwinds Calix’s mission is being propelled by net zero commitments For personal use only Government Investor Net zero policy activity spending ~90% US$42tn US$275tn of global GDP now assets of signatories Estimated spend under net zero to the ‘2022 Global required by 205
Slide 7: Policies driving decarbonisation
Policies driving decarbonisation Carbon penalties, value & support in Europe, US, & now Australia… EUROPE US AUSTRALIA For personal use only Emissions Trading Scheme Inflation Reduction Act Safeguard Mechanism • €80 – 2022 average EU ETS price, up • US$85 / tonne of CO2 • A price on carbon, capped a
Slide 8: Decarbonising cement and lime
Decarbonising cement and lime Market drivers For personal use only Largest single source of industrial emissions Carbon pricing: 36 carbon taxes & 32 Emissions Trading Systems, covering • ~8% of global emissions1 Cement~8% 23% of global emissions & generating • Unavoidable process emissions released
Slide 9: Scaling up the Leilac technology
– Scaling up the Leilac technology For personal use only Pilot plant Demonstration plant Full commercial scale Leilac-1 Leilac-2 100, 000 tpa CO2 Leilac-3 25, 000 tpa CO2 >500, 000 tpa CO2 Lixhe, Belgium Hannover, Germany Several multi-tube Built 4 tubes – 1 module modules Operational 2019 Passed FI
Slide 10: Leilac's full-scale vision
Leilac’s full- scale vision For personal use only BUT…we need to mitigate 1.4 billion tonnes per annum of process CO2 emissions = up to 3,000 Leilac-3s ~2 built every week from now until 2050 !! 8
Slide 11: A growing pipeline of projects
– A growing pipeline of projects Project Detailed Pre-FEED / FID + Initial scoping FEED Operational Total discussions scoping / MOU BOD construction For personal use only Aug 2021 21 7 4 1 1 34 Aug 2022 25 13 9 5 1 1 54 Feb 2023 34 19 8 6 2 1 1 71 Leilac-2 Leilac-1 • Pipeline growth: as at February
Slide 12: New markets: Decarbonising shipping & aviation
– New markets Decarbonising shipping & aviation Tailwinds For personal use only • IMO targeting net zero by 2050 and 10% clean energy use by 2030.1 • Maersk now has 25 methanol enabled vessels on order.2 • Industry, particularly cement, requires offtake for unavoidable CO2 emissions. Sustainable fue
Slide 13: Direct Air Capture
Direct Air Capture Non-binding MOU for DAC global licence agreement with Heirloom For personal use only • Heirloom1 is a Direct Air Capture company with an objective of capturing 1 billion tonnes of CO2 by 2035. • Heirloom’s backers include Gates-led Breakthrough Energy Ventures, Carbon Direct and M
Slide 14: Decarbonising iron and steel
Decarbonising iron and steel Indispensable, carbon-intensive & hard-to-abate. For personal use only Australian iron • >A$150b…44% of Australian export earnings in 20214 • 96% of Australian iron ore is hematite5 ~7% of global • Value creation opportunity emissions1 – 3-4x value add: iron ore → iron –
Slide 15: Zero Emissions Steel TechnologY
Zero Emissions Steel TechnologY Potential lowest cost zero emissions iron & steel For personal use only Simple Compatible H2 not process with fines & No fossil fuel No CCS combusted / (low pressure / lower grade requirement required easily no fluid beds) ores recycled About ZESTY BF / BOF + H2 ✓ × ×
Slide 16: ZESTY development to date
Zero Emissions Steel TechnologY ZESTY development to date… Phase 1 & 2: For personal use only Fe D50 SSA Pore Volume completed Wt %) (um) (m2/g) (cm3/g) ✓ Theoretical kinetic a) Siderite 43 87 25 0.035 a) studies Goethite / c) ✓ Conversion of b) 57 130 15 0.034 b) Hematite electric calciner to Goeth
Slide 17: ZESTY pre-FEED / FEED study
Calix’s ZESTY Technology: pre-FEED / FEED study Towards Financial Investment Decision by end-2023 Pre-FEED / FEED study For personal use only • A$947,035 ARENA grant. • Proposed 30,000 tpa, zero CO2 emissions ZESTY-iron demonstration plant. • Study towards final investment decision, including: - Tes
Slide 18: Sustainable & stable supply of critical minerals
Sustainable & stable supply of critical minerals Environmental & geopolitical tailwinds for sustainable mineral processing US-Australia Climate, Critical Minerals & Clean Energy For personal use only Transformation Compact • Established to deliver “sustainable, resilient, & secure critical minerals
Slide 19: Sustainable lithium joint venture with Pilbara Minerals
Sustainable lithium joint venture with Pilbara Minerals Electrification and mid-stream mineral processing For personal use only Sustainable lithium tailwinds Joint Venture 45% Calix / 55% Pilbara Minerals JV 6x growth in lithium carbonate & • 6x equivalents market by 20302 • $20m in Federal Governme
Slide 20: Sustainable lithium demonstration plant
Sustainable lithium demonstration plant Financial Investment Decision approved • Calix and Pilbara Minerals (ASX: PLS) have approved the FID on a For personal use only demonstration plant to produce a mid-stream lithium-phosphate salt • The Demo Plant will use Calix’s electric calcination technology
Slide 21: In summary
In summary For personal use only CEMENT and LIME IRON and STEEL LITHIUM …already working with some ONE Core technology already at ..targeting decarbonisation of of the world’s largest demonstration scale… multiple global industries… industrial players… 19
Slide 22: Contact details
For personal use only Phil Hodgson Darren Charles Managing Director & CEO CFO & Company Secretary phodgson@calix.global dcharles@calix.global +61 2 8199 7400 +61 2 8199 7400 Investor relations Media enquiries Investorrelations@calix.global media@calix.global Follow us on Twitter @Calixlimited www.ca
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