Slide 1: Investor Update, Q1 2019
BLUGLASS (ASX: BLG) For personal use only INVESTOR UPDATE, Q1 2019 February, 2019 GILES BOURNE Managing Director Page 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This document has been prepared by BluGlass Limited to provide readers with a summary of For personal use only the Company and the Company’s technology Any statements, opinions, technical data and information or other material contained in this document do not constitute c
Slide 3: Corporate Overview: BluGlass Vision
For personal use only CORPORATE OVERVIEW: BLUGLASS VISION OUR VISION OUR OBJECTIVE Position BluGlass as a leading force in the Our objective is to deliver high-growth rapidly growing global opto-electronics commercial outcomes for the RPCVD industry, by delivering RPCVD as a key technology in the LE
Slide 4: Corporate Overview: BluGlass at a Glance
CORPORATE OVERVIEW: BLUGLASS AT A GLANCE BluGlass has a diversified development strategy designed to address opportunities in a number of high- For personal use only performance device categories ESTABLISHED COMPANY UNIQUE TECHNOLOGY STRONG IP PORTFOLIO POWER ELECTONICS ASX: BLG BluGlass’ unique RPC
Slide 5: Corporate Overview: Market Growth Opportunity
For personal use only CORPORATE OVERVIEW: MARKET GROWTH OPPORTUNITY Global LED market Global microLED market GaN power electronics market 2024 2025 2021 CAGR of CAGR of CAGR of 15.9+% to 80+% to 80.1% to US $96B US $20.5B US $270M 2018 2019 2017 Sources: LED: Allied Market Research, microLED: Yolé D
Slide 6: Corporate Overview: Intellectual Property Portfolio
For personal use only CORPORATE OVERVIEW: INTELLECTUAL PROPERTY PORTFOLIO Our Intellectual Property portfolio is a critical foundation for our future commercial success and underpins our licensing-based business model ▪ During 2018 significant investment was made to further expand and strengthen our
Slide 7: Corporate Overview: Senior Team
CORPORATE OVERVIEW: SENIOR TEAM GILES BOURNE For personal use only Appointed to Board in 2014, CEO in 2008. Twenty years experience in cleantech & Managing Director & manufacturing. Business development & commercialisation specialist. Chief Executive Officer DR IAN MANN Appointed in 2009. Twenty yea
Slide 8: Corporate Overview: Board of Directors
CORPORATE OVERVIEW: BOARD OF DIRECTORS Appointed to Chair in 2017, Board in 2010. Deep global industry experience in the high- For personal use only WILLIAM JOHNSON Chairman technology and semiconductor manufacturing sectors, covering M&A, operations. Former President & CEO, SPTS Technologies. GILES
Slide 9: Industry Challenge: High Temperature Growth
INDUSTRY CHALLENGE: HIGH TEMPERATURE GROWTH MOCVD (Metal Organic Chemical Vapour Deposition) – The Industry Incumbent Technology For personal use only CHALLENGES High temperature processes limits performance of the MOCVD critical regions of the LED, microLED and power electronics devices Relies on h
Slide 10: The RPCVD Solution: Lower Temperature, Higher Performance
THE RPCVD SOLUTION: LOWER TEMPERATURE, HIGHER PERFORMANCE RPCVD (Remote Plasma Chemical Vapour Deposition) – A Breakthrough Alternative For personal use only OUR SOLUTION Lower-temperature manufacturing processes RPCVD Lower cost inputs Higher-performing devices Environmentally friendlier & more-sen
Slide 11: Industry Perspective: Key Industry Innovation Requirements
INDUSTRY PERSPECTIVE: KEY INDUSTRY INNOVATION REQUIREMENTS Competitiveness in the HB-LED industry is largely driven by efficiency (light-output) and manufacturing For personal use only costs. Efficiency improvements can also lower cost BluGlass’ unique low- OSRAM industry temperature RPCVD technolog
Slide 12: Paths to Market for RPCVD Intellectual Property
PATHS TO MARKET FOR RPCVD INTELLECTUAL PROPERTY Applied Development of RPCVD BluGlass will generate RPCVD revenues through For personal use only a combination of the following: Pipeline of RPCVD IP Page 12 BLUGLASS LIMITED - INVESTOR UPDATE 2019 February 2019
Slide 13: Future Plans – RPCVD Roadmap to Full-Suite Solution
FUTURE PLANS – RPCVD ROADMAP TO FULL-SUITE SOLUTION RPCVD ROADMAP – From a complimentary solution to a stand alone platform For personal use only All RPCVD RPCVD + MOCVD • RPCVD RGB LEDs • RPCVD Tunnel Junction for cascade LED to overcome efficiency droop RPCVD VALUE ADDS Hybrid MOCVD/RPCVD solution
Slide 14: Significant Collaborations & Partnerships
For personal use only SIGNIFICANT COLLABORATIONS & PARTNERSHIPS Page 14
Slide 15: AIXTRON: Global Equipment Leader
AIXTRON: GLOBAL EQUIPMENT LEADER BluGlass has entered into a collaboration with global For personal use only equipment leader, AIXTRON SE (FSE: AIXA) ▪ AIXTRON will evaluate the performance potential of BluGlass’ RPCVD technology for commercial applications ▪ BluGlass has selected the AIX 2800G4-HT
Slide 16: Lumileds: Novel Applications for LEDs
LUMILEDS: NOVEL APPLICATIONS FOR LEDs Commercial negotiations with Lumileds continue For personal use only ▪ BluGlass is no longer encumbered by exclusivity arrangements with Lumileds in relation to the RPCVD field of use being developed by the parties ▪ We will provide the market with further detai
Slide 17: microLED Partnerships
microLED PARTNERSHIPS microLED players have shown interest in RPCVD’s unique advantages for blue, green, yellow and red LEDs For personal use only for display and other applications - these longer-wave lengths are very difficult for MOCVD ▪ microLEDs present a compelling opportunity for the competit
Slide 18: Griffith University: Power Electronics Partnership
GRIFFITH UNIVERSITY: POWER ELECTRONICS PARTNERSHIP Partnership with Griffith University and the For personal use only Innovative Manufacturing Cooperative Research Centre (IMCRC) to develop next-generation GaN transistors ▪ Objective is to develop commercial-spec devices for product demonstration as
Slide 19: Other Partnerships and Projects
OTHER PARTNERSHIPS AND PROJECTS BluGlass continues to engage in collaborations, evaluations and prototyping with a number of industry For personal use only leading partners in specialised, high-value technologies including: Global Foundry: microLED and Power IQE LED Manufacturer: Electronics Collabo
Slide 20: The Market Opportunity
For personal use only THE MARKET OPPORTUNITY Page 20
Slide 21: Market Update: High-Brightness LEDs
For personal use only MARKET UPDATE: HIGH-BRIGHTNESS LEDs Global LED Market by Application, 2018-2024 ▪ The Global LED market is expected to grow from US $33.1B in 2017 to US $96.71B in 2024 ▪ With a CAGR of 15.9% ▪ BluGlass is interested in the high- brightness segment of the LED market ▪ The bigge
Slide 22: HB LEDs in the Auto Sector
For personal use only HB LEDs IN THE AUTO SECTOR 2024 2024 2024 22% of Total CAGR of total LED Market Size 17.4% market US $22B 2017 2017 2017 Sources: Applied Market Research, Global LED Market Report 2018 Page 22 BLUGLASS LIMITED - INVESTOR UPDATE 2019 February 2019
Slide 23: Market Update: microLEDs
For personal use only MARKET UPDATE: microLEDs ▪ microLEDs represent a potential game Global microLED Market, 2019-2025 changer on the way for displays ▪ Predicted to become a US $20.5B market by 2025 ▪ Superior display performance for 2025 fraction of the power consumption of LCD and OLED CAGR ▪ Ap
Slide 24: Market Update: GaN Power Electronics
For personal use only MARKET UPDATE: GaN POWER ELECTRONICS GaN Power Electronics Market ▪ Major applications in power supply (laptop, mobile, USB chargers, large- scale server data centres), electric vehicles & hybrid electric vehicles and inverters ▪ GaN on Si for power electronics is preferred cho
Slide 25: EpiBlu: Revenue Generating Service Arm
For personal use only EPIBLU: REVENUE GENERATING SERVICE ARM Strategic vehicle for RPCVD industry acceptance ▪ Specialised GaN foundry and epitaxial wafer growth services ▪ High value, low volume services ▪ Custom & contract R&D ▪ RPCVD and MOCVD services available ▪ Epitaxial characterisation servi
Slide 26: Technology Update
For personal use only TECHNOLOGY UPDATE Page 26
Slide 27: Technology Breakthrough – RPCVD Tunnel Junctions
TECHNOLOGY BREAKTHROUGH – RPCVD TUNNEL JUNCTIONS BluGlass has demonstrated successful RPCVD tunnel junctions to enable cascaded LEDs For personal use only SIDE-BY-SIDE LEDs ▪ A cascaded LED is a device where two or more LEDs are grown in a continuous vertical stack using a tunnel junction to interco
Slide 28: Addressing One of the Biggest LED Industry Challenges
ADDRESSING ONE OF THE BIGGEST LED INDUSTRY CHALLENGES Efficiency droop is a major issue for High Brightness Cascade LEDS: For personal use only LED applications ▪ Compact size & lower cost due to more LEDs grown in a single wafer – high brightness in a small area ▪ Cascade LEDs are expected to enabl
Slide 29: BluGlass Continues to Advance Its LED Capabilities
BLUGLASS CONTINUES TO ADVANCE ITS LED CAPABILITIES BluGlass continues to improve For personal use only performance of its longer wavelength LEDs – Critical for RGB microLED demonstrations for customers ▪ Low temperature RPCVD p-GaN has significant potential to improve device = 526 nm (at 200 mA) p
Slide 30: The Year Ahead
For personal use only THE YEAR AHEAD Page 30
Slide 31: Facility Expansion Update: Two New Production Bays
For personal use only FACILITY EXPANSION UPDATE: TWO NEW PRODUCTION BAYS New Production Bay 1 New Production Bay 2 ▪ New BLG-300™ RPCVD ▪ Installation and retrofit of system (19x2”) commercial scale Aixtron G4 Planetary Reactor ▪ Increase RPCVD industry (capable of 6x6” or 42x2”) project capacity ▪
Slide 32: Facility Expansion Update: Capacity Once Complete
FACILITY EXPANSION UPDATE: - CAPACITY ONCE COMPLETE Existing RPCVD & MOCVD Labs New Production Bay 1 New Production Bay 2 For personal use only (3 Prototyping Systems) (1 x RPCVD System) (1 x Production Scale RPCVD) USE: 2 RPCVD system for process USE: RPCVD industry projects USE: RPCVD scaling deve
Slide 33: The Year Ahead
For personal use only THE YEAR AHEAD BluGlass continues Scale the RPCVD continue to seek technology to commercial Continue to advance Grow our strategic & commercialisation manufacturing our market applications revenue generating opportunities for our requirements and with our collaboration service
Slide 34: Investment Highlights
INVESTMENT HIGHLIGHTS Delivering our vision of positioning BluGlass as a leading force in the rapidly growing global opto- For personal use only electronics industry Disruptive Multiple, Healthy balance High end foundry World leading Recipient of Platform Growing End sheet as the & service scientifi
Slide 35: Thank-You
For personal use only THANK-YOU Page 35 BLUGLASS LIMITED - February 2019 INVESTOR UPDATE 2019