Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (October 2023)
26 slides from Electrovaya's investor presentation, Oct 25, 2023
Slide 1: Investor Presentation
Investor Presentation October 25, 2023 Toronto Stock Exchange (Nasdaq:ELVA) & (TSX:ELVA) Nasdaq: ELVA | TSX: ELVA
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: Investment Highlights
Investment Highlights Electrovaya is a pure play, North American lithium-ion battery technology and manufacturing company on track for rapid growth Premium Product Performance and Industry Leader Large Addressable High Growth with Clear Path to NextGen Technology 1 Heavy Duty Market Profitability Pr
Slide 4: Key Market Challenge: A multi-billion dollar opportunity
Key Market Challenge: A multi-billion dollar opportunity Our technology is the ONLY high-performance battery technology that is a true fit for fast growing, mission critical heavy-duty equipment market ! Our Solution Proven Execution Industry Challenge • Longer Lifetime: Our Infinity • Safety and lo
Slide 5: Electrovaya: Our Evolution and Go-Forward Strategy
Electrovaya: Our Evolution and Go-Forward Strategy With a strong foundation in automotive, we began a Path to Accelerating Growth transition to battery products for MHE in 2017 Ramp Production • Continued production ramp to meet growing demand with improved efficiency 1996 2002-2010 2015 2017-2021 N
Slide 6: Our Products: Capabilities
Our Products: Capabilities Our expertise and capabilities are in designing and manufacturing lithium ion batteries Cells, modules, packs, battery systems and BMS Cell Module Pack High Voltage battery systems Material handling battery systems Nasdaq: ELVA | TSX: ELVA Electrovaya © 2023 6
Slide 7: Our Products: Complementary Technology Solutions
Our Products: Complementary Technology Solutions Complementary technologies targeting a number of EV applications Infinity Batteries provide industry leading longevity and SSBs provide industry leading energy density Infinity Batteries Solid State Batteries Commercial today In development stage Glob
Slide 8: Multi-Million-Mile Batteries- Performance Advantage
Multi-Million-Mile Batteries- Performance Advantage 500 1000 2000 5000 9000 Cycles *Cycle equivalent: 14,000 cycles is equivalent to 3,500,000 miles for 250-mile range car Electrovaya batteries different SOC Temperature: 22°C, Current: 1 C-rate Nasdaq: ELVA | TSX: ELVA Electrovaya © 2023 8
Slide 9: Market Opportunity: Infinity Batteries
Market Opportunity: Infinity Batteries Take-away message? A multi-billion dollar addressable market for batteries that are safe, efficient, have a long useful life and low cost of ownership? APPLICATION USAGE MARKET SIZE E-Buses ~ $9.6 Billion 12-20 hrs/day E-Delivery Addressable Trucks Market* 20-24
Slide 10: Our Products: Infinity Batteries – A Proven Technology
Our Products: Infinity Batteries – A Proven Technology Setting the industry standard… Our lithium-ion ceramic cells have the highest cycle life and safety Material Handling Equipments OEM Partners (not a full list) High Cycle Life Lowest Cost of Ownership Autonomous Guided Robots Safety OEM Partners
Slide 11: Our Products: Proprietary Ceramic Separator Technology
Our Products: Proprietary Ceramic Separator Technology Unparalleled experience… the transition to lithium metal-based batteries will almost certainly require the use of ionic conducting ceramic-based electrolyte materials Our Strengths Patented unique ceramic separator offers Unparalleled safety (36
Slide 12: Our Products: Superior Safety
Our Products: Superior Safety Multi-level cell and system safety technology resulting in a non-propagating battery design Electrovaya Ceramic vs Coated PO Separator 25°C 143°C 188°C ELV Coated PO ELV Coated PO ELV Coated POCoated PO < 1% shrinkage @ 200 °C Third Party Fire Propagation Test An Electr
Slide 13: Our Customers: Infinity Batteries (MHEV)
Our Customers: Infinity Batteries (MHEV) Example OEM Customers End Users Example (not a full list) Retail & eCommerce *Confidential F100 ecommerce company Food Distribution Manufacturing Logistics Nasdaq: ELVA | TSX: ELVA Electrovaya © 2023 13
Slide 14: Market Demand: Near-term Exponential Growth for MHEV
Market Demand: Near-term Exponential Growth for MHEV Expanding our capacity to scale our business and meet anticipated growth in demand Demand is expected to grow rapidly over the next 3 Years We are executing plans to expand our manufacturing capacity to ~500MWh in 2025 and >2GWh by 2029 *Demand da
Slide 15: Expanding Our Capacity: Jamestown, NY Gigafactory
Expanding Our Capacity: Jamestown, NY Gigafactory 130,000 sq ft $0.05/kWh Industrial facility Low energy cost Our Gigafactory in Jamestown, NY will enable us to: • Onshore manufacturing 100% < 3 hours • Streamline supply chains Renewable energy Close proximity to HQ and • Scale to support increased
Slide 16: Our Products: High Voltage Battery Systems
Our Products: High Voltage Battery Systems Advanced customized packaging technology for demanding application – launched July 2023 Energy Storage Systems Electrovaya HV batteries designed for High Cycle Life & Safety high performance stationary Lowest Cost of Ownership applications. Modular Design T
Slide 17: Our Products: Technology Solutions
Our Products: Technology Solutions Complementary technologies targeting a number of EV applications Infinity Batteries provide industry leading longevity and SSBs provide industry leading energy density Infinity Batteries Solid State Batteries Commercial today In development stage Global partners &
Slide 18: Our Products: Next Gen-Solid State Batteries (SSB)
Our Products: Next Gen-Solid State Batteries (SSB) Solid State Promises Much Higher Energy Density = More Range, Less Weight, Less Cost EV penetration in the global vehicle market Solid State Batteries offer 2X Energy Density over conventional lithium ion batteries= more range, less weight, less cos
Slide 19: Our Products: Our Approach with SSB
Our Products: Our Approach with SSB Our SSB platform incorporates versatile, proprietary technology Multi-layer Pouch stack Four Solid State Battery Related Patents Have Been Filed Single layer Pouch stack Anode Current collector Proprietary Ceramic Composite separator Cathode High loaded NMC + Cath
Slide 20: Financial Performance: 100% CARG over 2 Years
Financial Performance: 100% CARG over 2 Years Market demand provides STRONG TAILWIND for accelerating revenue growth Key Revenue and Margin Drivers ● FY 2023 revenue more than doubled due to increased orders driven by strong market demand ● Targeting ~30% gross margin − Q3 2023 gross margin for batt
Slide 21: Financial Performance: Profitability Inflection Achieved
Financial Performance: Profitability Inflection Achieved Reaching an inflection point… set to be one of the only profitable battery companies in North America ● No significant increase in operating costs in 2023 ● Operational efficiencies and cost savings continue to drive ● Q1 FY23 shows adjusted net
Slide 22: Summary Balance Sheets and Cap Table
Summary Balance Sheets and Cap Table CapTable Select Balance Sheet Items As of 6/30/2023 (US$ in thousands) 6/30/2023 9/30/2022 Outstanding shares 32,980,842 Cash $723 $626 Trade and other receivables 10,149 6,306 Outstanding warrants 3,466,268 Inventories 5,898 4,477 Outstanding stock options 4,772
Slide 23: Management Team
Management Team Dr. Raj S. John Gibson, Dr. Jeremy Dr. Elmira Jason Roy, Das Gupta, CFO Dang, Memarzadeh Director, Corporate CEO, Director VP, Business & Project VP, Cell Operations Development and Development Investor Relations Raj has been with the John is a Certified Jeremy’s client portfolio Elm
Slide 24: Board of Directors
Board of Directors Prof Carolyn Dr Jim Jacobs, Dr. Sankar Das Kartick Kumar, Steven Berkenfeld, Director Gupta, Director Director Hansson, Director Executive Chairman Professor Carolyn Hansson Dr. Jacobs’ innovations have Sankar is an entrepreneur and an Kartick Kumar is a seasoned Steven is a seaso
Slide 25: Investment Highlights
Investment Highlights Electrovaya is a pure play, North American lithium-ion battery technology and manufacturing company on track for rapid growth Premium Product Performance and Industry Leader Large Addressable High Growth with Clear Path to NextGen Technology 1 Heavy Duty Market Profitability Pr
Slide 26: 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 (Nasdaq:ELVA) & (TSX:ELVA) Nasdaq: ELVA | TSX: ELVA