Iondrive Limited · ASX:ION
Iondrive — Investor Presentation (August 2024)
42 slides from Iondrive's investor presentation, Aug 16, 2024
Slide 1: ASX Release: Updated Corporate Presentation
ASX RELEASE ASX CODE: ION 16th August 2024 Updated Corporate Presentation Iondrive Limited (ASX: ION) (Iondrive or the Company) is pleased to provide an updated corporate presentation, focusing on its sustainable battery recycling technology. Authorised for release by the Chair of Iondrive Limited.
Slide 2: Investor Presentation: Commercialising our DES Battery Recycling Technology
August 2024 For personal use only INVESTOR PRESENTATION: Commercialising our DES Battery Recycling Technology ASX Ticker: ION
Slide 3: Disclaimer
01 Disclaimer Forward looking statements Not an offer of securities This document contains certain forward-looking statements that involve risks and uncertainties. Although we This Presentation is not a prospectus, product disclosure statement or other offering document under For personal use only b
Slide 4: Index
02 Index 01 Iondrive 02 Battery Recycling Market Overview For personal use only 03 Market Opportunity 04 Battery Recycling Technology Overview 05 Iondrive Commercialisation 06 Industry Partnerships Appendix
Slide 5: Iondrive
For personal use only 01 Iondrive
Slide 6: Company Background
Appendix - 02 Company Background Unique partnership with leading Battery Research Institution to commercialise breakthrough technologies, with a strong focus on commercialising our DES battery recycling technology. For personal use only Extensive De-Risking Commercial Management Undergoing thorough
Slide 7: Capital Structure
13 Capital Structure SUPPORTIVE STRATEGIC SHAREHOLDERS - MAJOR CORPORATE STRUCTURE: SHAREHOLDERS (>5%) Ordinary Shares 708.5m Strata Investment Holdings Plc ~17.1% For personal use only Share Price (14 August 2024) AUD$0.01 Ilwella Pty Ltd ~15.0% Market capitalisation AUD$7.1m Cash (30 June 2024) +
Slide 8: Leadership Team
Leadership Team For personal use only Dr. Jack Hamilton Michael McNeilly Dr. Ebbe Dommisse Ray Ridge Jeff Ritoe NED Chair CEO CFO & Company Secretary Strategic Advisor Commercialisation PhD (Chem Eng) BA Econ B.Eng (Chem) MSc PhD MBA GAICD B.Acc & Fin MA International Law • Highly accomplished senio
Slide 9: Battery Recycling Market Overview
For personal use only 02 Battery Recycling Market Overview
Slide 10: EV Sales Taking Off – Means Batteries
EV Sales Taking Off – Means Batteries Electrification increases significantly By 2030, around 40% of light vehicles globally will be based on a BEV platform and over 70% BEV share is expected in 2040. From 2030 to 2040 global battery demand will nearly double to up to 6.5TWh. For personal use only H
Slide 11: Batteries Demand Growth
Batteries Demand Growth BEV diffusion and battery demand (realistic scenario, as of 2023) Global BEV diffusion (in m units) Global battery1 demand (in GWh) Light vehicle up to 6t 111 For personal use only 105 6,500 98 92 Rest 1,200 of world 5,300 79 600 72% 1,100 900 61% 3,400 1,300 1,200 480 510 42
Slide 12: European Battery Production Growth
European Battery Production Growth EU gigafactory ramp-up Forecast for gigafactory ramp-up in Europe Comments 2030: -50% ~900 GWh • Difference between announced For personal use only 1,800 and expected GWh ramp-up primarily due to late start of construction and market consolidation 900 • Top 5 manuf
Slide 13: Battery Recycling Growth
Battery Recycling Growth European recycling market (in GWh) Development of recyclable material (in GWh, kt) Distribution of recyclable material (in GWh, kt) For personal use only 1,000 5 20 100 475 1,000 (~5,950 kt) (~10 kt) (~70 kt) (~460 kt) (~2,650 kt) (~5,950 kt) 20% 30% 40% 475 85% (~2,650 kt)
Slide 14: Why Recycle?
Why Recycle? For personal use only Alleviates constraints Reduces ESG risk Facilitates circular & risks within the LiB within the LiB economy supply chain supply chain Policy momentum Represents cost sparking interest benefit to be extracted Source: Benchmark Minerals Intelligence webinar, August 20
Slide 15: Trade Flow of Black Mass (the West)
Trade Flow of Black Mass (the West) Drivers • Lack of processing capacity in the West. For personal use only • Higher purchasing power in Asia. • Asian (ex. China) recycling overcapacity. Source: Benchmark Minerals Intelligence webinar, August 2024
Slide 16: Battery Recycling Driving Forces
Battery Recycling Driving Forces Legislation in Europe and Inflation Reduction Act (IRA) are aimed at securing sovereign energy transition capabilities (i.e. market share from China) and securing supply of critical minerals while capturing economic value For personal use only • EU now classifies bla
Slide 17: Market Opportunity
For personal use only 03 Battery Recycling Market Overview
Slide 18: Rho Motion Market Study
Rho Motion Market Study Potential: 11 million tpa black mass by 2040 = US$100B Global market deficit for battery-grade active materials (ktpa) recoverable value 5,000 0 Commercial sustainability was highlighted by Supply (securing of black -546 -5,000 mass and identified suppliers) and Demand (offta
Slide 19: Recycling outlook: infrastructure
Recycling outlook: infrastructure Battery recycling infrastructure (operational) For personal use only More processing infrastructure than BM available (overcapacity) Source: Benchmark Minerals Intelligence webinar, August 2024
Slide 20: Recycling Capacity Gap in Europe
Recycling Capacity Gap in Europe Recycling capacity development (in kt batteries) Comments • Significant overcapacities in the 3,000 European recycling For personal use only market by 2030, market expected to consolidate 2,000 • From 2030 onwards, a Investment- driven gap- gap between available clos
Slide 21: Additional Investments to close the Recycling Capacity Gap
Additional Investments to close the Recycling Capacity Gap Recycling Capacity Development (kt batteries) Investment Requirements (CAPEX in €m) ∑CAPEX in €m 3,000 2030 2,600 For personal use only invests 2035 27 hubs ~9,600 ~40,000 1,600 5,100 Ø BAMM Total CAPEX [€ m] capacity/hub ~2,600 2,000 1,600
Slide 22: pCAM Manufacturing in Europe: Nil
pCAM Manufacturing in Europe: Nil pCAM infrastructure (operational) For personal use only There is currently no commercial scale pCAM manufacturing in Europe. This a gap in the value chain. Zero A further opportunity for Iondrive. Source: Joint study between Strategy& and PEM of RWTH Aachen Universi
Slide 23: Battery Recycling Technology Overview
For personal use only 04 Battery Recycling Technology Overview
Slide 24: EV Batteries (LiB)
EV Batteries (LiB) Inside a Lithium-ion Battery Cell Schematic of EV Battery Pack & LiB function The complete Lithium-ion battery Pack weighs about 450kg Battery Copper Electrolyte Battery Module For personal use only Aluminum NCA Battery Module Separator AA Graphite (C) Lithium-ion Battery Cell Mat
Slide 25: End-of-Life LiB recycling
End-of-Life LiB recycling 1. Collection 2. Pre-treatment Sorting Discharging Dismantling • Ferrous metals End-of-life For personal use only • Non-ferrous metals lithium-ion batteries Separation Shredding Deactivation • Plastics Black Mass 3. Metal Recovery 6. Battery Production Construction Sector S
Slide 26: ION has scope to disrupt incumbent technology
ION has scope to disrupt incumbent technology ION Innovative Recycling Incumbent Recycling Technology For personal use only Technology ➔ Requires incineration (pyrometallurgy) or toxic acids/bases ➔ Uses Deep Eutectic Solvents (DES) in conjunction with (hydrometallurgy) to extract valuable materials
Slide 27: Iondrive Commercialisation
For personal use only 05 Iondrive Commercialisation
Slide 28: Business Model: Our Innovative DES Process
Business Model Our Innovative DES Process ION’s Deep Eutectic Solvents (DES) Battery Recycling Technology is used in conjunction with benign, biodegradable organic solvents to recover valuable critical minerals (Li, Mn, Co and Ni). For personal use only Our exclusively licensed and provisionally pat
Slide 29: Commercialisation Pathway & De-risking
Commercialisation Pathway & De-risking For personal use only PFS Technology Development We are here • Scale-up Market Development • Strategic Partnerships • Supply (Suppliers) • Demand (Customers)
Slide 30: PFS + De-risking Activities
PFS + De-risking Activities Complete In Progress Pending Iondrive is on track for the completion of the Pre-feasibility Study in October 2024. The PFS is a Techno-Economic Evaluation focusing on technological, commercial, and executional de-risking strategies. These de-risking activities ensure a st
Slide 31: Large-Scale Bench Trials
Large-Scale Bench Trials Investigating the DES process in larger volumes to determine scalability, quantify solvent losses, and an accurate mass balance. University of Adelaide Bench Scale Trials - Complete • Verified that DES battery recycling process does scale with larger For personal use only vo
Slide 32: Pilot Plant DES Process Flowsheet
10 Pilot Plant DES Process Flowsheet Timeline 6-month construction in FY2025 2-year operation ➔ Begun design and construction of a DES battery recycling Pilot Plant For personal use only ◆ A major de-risking step on commercialisation pathway ◆ Continuous, fully integrated, closed-loop system represe
Slide 33: Strategic Industry Partnerships
For personal use only 06 Strategic Industry Partnerships
Slide 34: Strategic Industry Partnerships
Strategic Industry Partnerships We are forming strategic partnerships to help us scale up, optimize our process and reach commercial production EU Consortium AUS Industry Partnerships EU Industry Partnerships ~17.8% 486.3m For personal use only ~15.0% AUD$0.009 AUD$4.4m AUD$2.4m ~AUD$2.0m Technology
Slide 35: Strategic Industry Partnerships – De-Risking Strategy
Strategic Industry Partnerships – De-Risking Strategy We areWe arestrategic forming forming strategic partnerships partnerships to DE-RISK to DE-RISK commercialisation commercialisation (PEM Motion) (PEM Motion) TOP 10 REASONS FOR STARTUP FAILURE DE-RISK INVESTMENT DECISIONS For personal use only No
Slide 36: Thank you
Thank you For personal use only Dr Ebbe Dommisse CHIEF EXECUTIVE OFFICER IonDrive LinkedIn IonDrive LinkedIn IonDrive X (Twitter) IonDrive X (Twitter) E | ebbe.dommisse@iondrive.com.au W | www.iondrive.com.au
Slide 37: Appendices
For personal use only Appendices
Slide 38: Executive Summary
03 Executive Summary Status/Next Steps Iondrive Background ❖ Iondrive is a technology company commercialising a green lithium-battery recycling process. ❖ Iondrive management team is highly qualified and experienced in commercialisation of The company has recently completed large-scale bench trials
Slide 39: Iondrive Board
Iondrive Board Michael McNeilly Dr Jack Hamilton Andrew Sissian Adam Slater Chair - BA Econ NED - PhD (Chem Eng) NED - CPA, MAcc, BCom NED - BA (Finance) For personal use only • Chief Executive Officer of Strata Investments • Highly accomplished senior executive and board • Seasoned corporate and ca
Slide 40: UoA Partnership: The Arrangement
Appendix - 07 UoA Partnership: The Arrangement For personal use only The University of Adelaide, in addition to being ranked in the top 1% of universities in the world, has a leading-edge laboratory with a large investment into the research and development of energy storage technologies, led by two
Slide 41: UoA Partnership: The Professors
Appendix - 08 UoA Partnership: The Professors Laureate Professors Shizhang Qiao & Zaiping Guo The Australian Laureate Fellowship is an Australian professorial research fellowship awarded by the ARC. Fellowship represents a commitment to playing a significant, sustained leadership and mentoring role
Slide 42: Additional ION Assets
12 Additional ION Assets For personal use only UoA Partnership Sodium Next-gen safe Lithium Exploration Legacy Exploration Agreement Aqueous Battery tech Li-ion NCM-811 (KoBold Metals JV) Assets Battery tech Strategic partnership Patented Na-aq battery Exploration across ION’s five ION is advancing