Slide 1: FY22 Results Presentation
FY22 Results Presentation Full Year Results to 30th June 2022 December 2022 1
Slide 2: Disclaimer
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 Company. This Presentation
Slide 3: Contents
1. Presentation team 2. Mission Contents 3. Operational & financial highlights 4. Our business 5. Our technology 6. Financial results 7. Summary and outlook CONFIDENT IAL GELION 2022 3
Slide 4: Presentation Team
Presentation Team Steve Mahon John Wood Amit Gupta Thomas Maschmeyer Non-Executive Chairman CEO CFO & Executive Director Non-Executive Director, Founder & Principal Technology Advisor CONFIDENT IAL GELION 2022 4
Slide 5: Mission
Mission UN Sustainability Development Goals To provide global energy storage solutions that are robust, safe and affordable with low environmental Goal 6 Goal 7 Goal 9 impact, enabling the supply Clean Water Affordable & Industry, and Sanitation Clean Energy Innovation & of clean power for all. Infr
Slide 6: Operational and Financial Highlights, delivering on strategy
Operational and Financial Highlights, delivering on strategy Key Progress Establishing the senior Prove the cell transition team required to grow from lab to pilot the business production Goal 11 Sustainable Cities & Pilot manufacturing plant Communities Substantial acceleration commissioned ahead o
Slide 7: Financial Highlights
Financial Highlights £1.7m Total income £4.1m Adjusted EBITDA loss1 NilDebt (2021: £1.6m) (2021: £1.5m) (2021: Nil) 1 Excludes listing and other associated costs (£4.7m), which are non-recurring in nature. £17.0m Cash and cash equivalents £4.5m Adjusted loss after taxation1 9.2p Loss per share and t
Slide 8: An Exceptional Team
An Exceptional Team . 8 CONFIDENT IAL GELION 2022
Slide 9: Our Business
Our Business CONFIDENT IAL GELION 2022 9
Slide 10: Award-Winning Technology
Award-Winning Technology Awards for Gelion & Technology Founder Thomas Maschmeyer 2021 Australian Academy of Science David Craig Medal > 2020 Australian Prime Minister’s Prize for Innovation in Science > Ranked #15 in World’s leading Chemists 2010 — 2020 > Times Higher Education Top Ten ‘Academics W
Slide 11: Stationary Energy Storage Opportunity
Stationary Energy Storage Opportunity It all started with the ARRA Stimulus Funding for Storage Demonstration Projects in 2009. A ten-fold increase in Power Scale! Large Battery System 3 projects, 53MW Compressed Air 2 projects, 450MW Frequency Regulation 20MW Distributed Projects 5 projects, 9MW Te
Slide 12: Lead-Acid Batteries vs Lithium-ion Batteries
Lead-Acid (PbA) Batteries Lithium-ion Batteries Market Market Size 415 GWh $38 Size 230 GWh $49 Billion Billion ~$49B ~$110B Market Growth at a steady Market Growth will increase ~2% CAGR VS ACCELERATE at ~46% CAGR 490GWh (2030) 1.3TWh (2030) Source: AVICENNE Energy, BOI Information (Confidential) C
Slide 13: Lead-Acid Batteries vs Lithium-ion Batteries
Lead-Acid (PbA) Batteries Lithium-ion Batteries ~$49B ~$110B Market Growth at a steady Market Growth will increase ~2% CAGR ACCELERATE at ~46% CAGR 490GWh (2030) 1.3TWh (2030) 1.6v cells for Acciona system R&D li-ion pouch cell format Source: AVICENNE Energy, BOI Information (Confidential) CONFIDENT
Slide 14: Gelion Zinc Bromide Batteries
Gelion Zinc Bromide Batteries Gelion cells Gelion modules CONFIDENT IAL GELION 2022 14
Slide 15: PbA Battery Markets and Gelion Zinc Bromide
PbA Battery Markets Gelion Zinc Bromide Zinc bromide has PbA like format SLI Stationary Motive Safe chemistry, fire resistant High and low temperature Starting, lighting, ignition tolerant without HVAC Better cycle performance ~$49B Robust, 100% DOD (depth of Market Growth at a steady incr
Slide 16: The Revolution within
The Revolution within. fe gel electrode that logy into a high- Patented Electrode Gel Layer > Bromide Positive Plate > Separator Membrane > Zinc Negative Plate >
Slide 17: Gelion Lower Cost Inputs
Gelion Lower Cost Inputs Gelion uses raw materials that are Comparison of lithium NMC battery input costs versus zinc abundant, accessible, recyclable and lower comparable cost stability cost. $100,000 $90,000 $80,000 $70,000 $60,000 $US Per Tonne $50,000 $40,000 $30,000 $20,000 Gelion’s zinc bromid
Slide 18: Gelion and PbA Partner – Battery Energy Power Solutions
Gelion and PbA Partner – Battery Energy Power Solutions Significant milestone achieved - first industrial pilot line production near Sydney, Australia Manufacturing - transitioning from R&D to industrial process production. First manufacturing pilot line at PbA battery partner Completed ahead
Slide 19: Acciona Energia Project
Acciona Energia Gelion Zinc bromide cells Project • Phase 1 is progressing as per plan and includes the initial virtual simulation battery Gelion Zinc Bromide battery modules system string testing, characterisation and in-field simulation. • Phase 2 will see the deployment of Gelion’s 120kWh system
Slide 20: 2023 Outlook – Zinc Bromide
2023 Outlook – Zinc Bromide In-field and laboratory Match to market, Manufacturing process testing of battery systems prioritising the compelling development and cell optimisation proposition to underpin scale up CONFIDENT IAL GELION 2022 20 20
Slide 21: Lithium Silicon Sulfur (LiSiS)
Lithium Silicon Sulfur (LiSiS) Performance Additives CONFIDENT IAL GELION 2022 21
Slide 22: Lithium-ion Battery Markets and Gelion LiSiS
Lithium-ion Battery Markets Gelion Lithium silicon sulfur (LiSiS) Electric Gelion is developing advanced LiS Consumer Stationary vehicles cathodes. electronics (EV) Safer, higher gravimetric energy density and lower cost Ahead of schedule ~$110B Market Growth will Improve EV performance, ena
Slide 23: LiSiS: Safe failure mechanism
LiSiS By enabling advanced sulfur cathodes with silicon-based anodes, Gelion seeks to develop Gravimetric (Wh/kg) safe, high to ultra-high Volumetric (Wh/L) energy density batteries. Lithium-Silicon-Sulfur High energy silicon anode with sulfur cathode, dendrite-free ultra-high density cells to unloc
Slide 24: LiSiS Advantages
LiSiS Advantages Safer, improved Utilises innovative Leverages Gelion’s strong gravimetric energy density technology proven to R&D team internal team and lower cost substantially enhance and support from lifetime University of Sydney CONFIDENT IAL GELION 2022 24
Slide 25: Financial Results
Financial Results CONFIDENT IAL GELION 2022 25
Slide 26: FY22 Actual Results vs analyst expectations
FY22 Actual Results vs analyst’ expectations* Financial Highlights FY 2022 Results exceeding analysts’ expectations* Gelion Analysts £m Actual Estimate • Increase in total income predominantly due to Total income 1.7 1.2 higher R&D incentives Adjusted EBITDA loss (4.1) (4.9) • Adjusted EBITDA loss l
Slide 27: FY22 Results
FY22 Results Financial Performance Key Highlights £m FY22 FY21 • Successfully raised £16m at IPO listing on AIM in Total income 1.7 1.6 November 2021 Administrative expenses (3.2) (1.5) • Increase in administrative expenses reflecting the Research and development additional headcount and costs of be
Slide 28: Strong Balance Sheet: Significant Cash position & Nil Debt
Strong Balance Sheet: Significant Cash position & Nil Debt Balance Sheet Key Highlights £m 30-Jun-22 30-Jun-21 Cash and cash equivalents (incl. 17.0 1.9 • Net increase in cash reflecting proceeds from term deposits) Other receivable 2.2 1.3 IPO Intangible assets 0.4 0.3 • Other receivables include t
Slide 29: Substantial Cash Available to Drive Future Growth
Substantial Cash Available to Drive Future Growth Cashflow (£m) £ £ £ £ (£4.5m) £20.7m Cash from Cash from operations financing activities (net of listing costs) £ £17.0m Cash (incl short term deposits) at 30 June 2022 CONFIDENT IAL GELION 2022 29 29
Slide 30: Conclusion
Conclusion CONFIDENT IAL GELION 2022 30
Slide 31: Summary and Outlook
Summary and Outlook 2021/2022 2023 2024 IPO In-field and laboratory testing Progression of and cell optimisation for Zinc commercialisation process Manufacturing facility set Bromide and LiSiS up and industrial cell Battery certification production Match to market, prioritising towards m
Slide 32: Q&A
Q&A CONFIDENT IAL GELION 2022 32
Slide 33: Thank you
Thank you INFO@GELION.COM GELION.COM