Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (May 2023)
28 slides from Electrovaya's investor presentation, May 4, 2023
Slide 1: General Corporate Presentation
General Corporate Presentation May 4th, 2023 Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF)
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements, including statements that relate to, among other things, the effect of the COVID-19 public health emergency on the Company’s operations, its employees and other stakeholders, including on customer demand, supply chain, and delivery sc
Slide 3: Our Mission
Our Mission To accelerate the energy transition with safer and better batteries through technology advancement Electrovaya © 2023 3
Slide 4: Electrovaya at a Glance
Electrovaya at a Glance Commercial Launch: Production Ramp up (40% ↗) & Material Handling products Expand OEM partnership Products development HV battery: E-bus, E-truck OEM partnership: Electrovaya powers Daimler’s electric smart Direct Sales : HV material handling battery car and acquires 700 Foun
Slide 5: Electrovaya: Success based on innovation
Electrovaya: Success based on innovation Industry Leader Providing the safest multi-million-mile batteries Top-tier Customer Base Fortune 100 customers and leading OEMs Unparalleled Experience 25+ years of experience and100+ Patents High Revenue Growth >4x since 2019 with projected 100% growth in FY
Slide 6: Electrovaya Capabilities
Electrovaya Capabilities Electrovaya expertise and capabilities includes designing and manufacturing lithium ion batteries cells / Modules / Packs / Battery systems and other battery-related products (BMS) Cell Module Pack High Voltage battery systems 9S2P Mod ule ule od 6PM 1S Material handling bat
Slide 7: About Electrovaya: Our locations
About Electrovaya: Our locations ● Canadian Headquarters: 63,000 Sq feet Facility in Mississauga, ON ● Module &Pack assembly & engineering development ● Electrovaya Labs: 25,000 Sq feet facility in Mississauga, ON ● Cell technology development & scale up ● US Headquarters: 130,000 sq feet and 52 acr
Slide 8: Technology Solutions
Technology Solutions Electrovaya complementary technologies targeting the various EV applications. Infinity batteries provides industry leading longevity and SSBs provides industry leading energy density Infinity Batteries Solid State Batteries Commercial today In late stage development Global partn
Slide 9: Market Opportunity Summary: Infinity Platform
Market Opportunity Summary: Infinity Platform Global Lithium-Ion battery Market size North American TAM % .1 13 ~US$ 9 Bil ~US$ 0.45 Bil R CAGR 10.4% CAGR 40.28% G CA 2022-2030 2022-2027 ~US$ 3 Bil ~US$ 1 Bil 2021 2027 CAGR 26.39 % CAGR 24.4% 2020-2026 2021-2027 Market size USD Billion Source: Grand
Slide 10: Infinity Batteries: Proven technology
Infinity Batteries: Proven technology Lithium-ion ceramic cells with highest cycle life and safety setting the industry standards. Material Handling Equipments OEM Partners (not a full list) High Cycle Life Lowest Cost of Ownership Autonomous Guided Robots Safety OEM Partners (not a full list) Zero F
Slide 11: Infinity Batteries: Commercial Ecosystem
Infinity Batteries: Commercial Ecosystem End Users Examples (not a complete list) Retail & Manufacturing Food distribution eCommerce OEM Customers (not a complete list) *Confidential User Logistics Electrovaya © 2023 11
Slide 12: Material Handling Sales Cycle: Anchor Customers
Material Handling Sales Cycle: Anchor Customers Electrovaya continues to seed new large end customers while growing the demand with additional key customers. To date the company has received orders from 10 Fortune 100 Companies and many more Fortune 500 companies. Customer Type Opportunity size Year
Slide 13: Competitive Advantage
Competitive Advantage Electrovaya prides itself by providing leading edge Lithium ion battery cells and systems Longevity Superior Safety Modular Approach Lowest cost of ownership Using patented innovations we Proprietary fire propagation Performance Oriented System design Best Cycle Life + superior
Slide 14: Multi-Million-Mile Batteries- In a Class of Its Own
Multi-Million-Mile Batteries- In a Class of Its Own Electrovaya Patented Technology provides the longest Cycle life in Industry: Electrovaya batteries can operate for >25 years with 1 cycle/day Third party testing Electrovaya batteries different C rates Electrovaya batteries lifetime VS competitors
Slide 15: Superior Safety
Superior Safety Multi-level cell and system safety technology with end result being a non-propagating battery design Electrovaya Ceramic vs Coated PO Separator ELV Coated PO ELV Coated PO 15 min at 130°C Third Party fire propagation test An Electrovaya 24V battery AFTER fire propagation testing for
Slide 16: Lowest Cost of Ownership
Lowest Cost of Ownership Electrovaya’s batteries have Best Cycle Life in Industry, Providing lowest total cost of ownership when compared to other lithium ion batteries, fuel cells and lead acid batteries. Heavy Duty Vehicles (HDV) Operate at ~2 cycles per day → Battery replacement needed every 6 ye
Slide 17: High Voltage battery systems - Approach
High Voltage battery systems - Approach ➔ Electrovaya is currently focusing on launching a new product line: High-Voltage Battery Systems. Targeted : E-Buses, E-Trucks & ESS ➔ Goal: to provide domestically produced battery systems with cutting edge safety and performance. Electrovaya Semi-Automated
Slide 18: High Voltage battery systems - Launching 2023
High Voltage battery systems - Launching 2023 Advanced customized packaging technology for demanding application Energy Storage Systems Electrovaya HV batteries designed for High Cycle Life & Safety high performance stationary Lowest Cost of Ownership applications. Modular Design Tailored for specifi
Slide 19: Technology Solutions
Technology Solutions Electrovaya complementary technologies targeting the various EV applications. Infinity batteries provides industry leading longevity and SSBs provides industry leading energy density Infinity Batteries Solid State Batteries Commercial today In late stage development Global partn
Slide 20: Next Gen Solid State batteries
Next Gen-Solid State batteries EV penetration in the global vehicle market 2022 2035 400 ELV Solid State Energy density (Wh/Kg) 2-3% 85% of new cars 300 Limitation of conventional LIBs Battery Requirements for E-cars adoption NMC** ELV 200 Energy Density > 350 Wh/Kg (>750 Wh/L) Infinity - NMC LFP**
Slide 21: Solid-State Batteries: Electrovaya's Approach
Solid-State Batteries: Electrovaya’s Approach Solid State battery platform with versatile proprietary technology Four Solid State Battery Related Patents Filed Hybrid Lithium Metal SSB Lithium Metal SSB “Anode-Free” SSB Thin Lithium Metal anode Thin Lithium Metal anode No Standalone Lithium Electrod
Slide 22: Expansion: Jamestown Gigafactory Update
Expansion: Jamestown Gigafactory Update 130,000 sqft $0.05/kWh Industrial Facility Energy Cost The Gigafactory Plant in Jamestown, NY will allow 100% < 3 hours Electrovaya to onshore manufacturing and streamline Renewable Energy Travel to HQ and Key supply chains to support increased battery demands
Slide 23: Financials
Financials FY2023 revenue target ~$42 million (~C$56 million)** * Non-IFRS Measure: Adjusted EBITDA does not have a standardized meaning under IFRS. Therefore it is unlikely to be comparable to similar measures presented by other issuers. We believe that certain investors and analysts use Adjusted E
Slide 24: Capital share structure
Capital share structure Ticker: TSX:EFL Ticker: OTCQB:EFLVF Shares Outstanding* : 164,836,334 Shares Outstanding* : 164,836,334 Share Price* : CAD $1.02 Share Price* : USD $0.75 Market Cap* : CAD $168,133,061 Market Cap* : USD $123,627,251 Insider Ownership: ~ 35% Insider Ownership: ~ 35% * Stock pr
Slide 25: Electrovaya Summary
Electrovaya Summary Pure Play Battery Tech/Manufacturing Leading Partners Electrovaya is a Pure Play North American Lithium ion Electrovaya has strong OEM relationships with some of Battery Technology and Manufacturing company on track the leading industrial vehicle manufacturers and for Rapid Growt
Slide 26: Management team
Management team Dr. Raj S. Das John Gibson, Dr. Jeremy Dr. Elmira Jason Roy, Gupta, CFO Dang, Memarzadeh Director, Corporate CEO, Director VP, Business & Project Director, Engineering Development and Development Programs Investor Relations John is a Certified Raj has been with the Jason has been wit
Slide 27: Board of Directors
Board of Directors Prof Carolyn Dr Jim Jacobs, Dr. Sankar Das Kartick Kumar, Hansson, Director Gupta, Director Director Executive Chairman Kartick Kumar is a Professor Carolyn Hansson Dr. Jacobs’ innovations seasoned climate change CM, FCAE, FRSC has a have been instrumental in Sankar is an entrepre
Slide 28: Investor & Media queries, please contact
Investor & Media queries, please contact: Jason Roy Director, Corporate Development & Investor Relations Phone: 905-855-4618 Email: jroy@electrovaya.com Web: www.electrovaya.com Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF)