Slide 1: Operational Update – H1 FY2015
For personal use only Silex Systems Limited Operational Update – H1 FY2015 (ASX: SLX) (OTCQX: SILXY) Dr Michael Goldsworthy, CEO / Managing Director 20th February 2015 © Silex Systems Limited 2015
Slide 2: Forward Looking Statements
P2 Forward Looking Statements For personal use only Silex Systems is a research and development Company whose assets are its proprietary rights in various technologies, including, but not limited to, the SILEX technology, Solar Systems technology and Translucent technology. Several of the Company’s
Slide 3: Disclaimer
P3 Disclaimer For personal use only Silex Systems Ltd (Silex) has prepared this presentation based on information available to it. The information in this presentation does not purport to be a complete description of Silex and/or its various business activities. Except as required by law, no represe
Slide 4: The Company
P4 The Company For personal use only Silex Systems is a clean energy technology company, primarily focused on the development and commercialisation of its innovative and potentially disruptive laser-based SILEX uranium enrichment technology © Silex Systems Limited 2015
Slide 5: Key Recent Events
P5 Key Recent Events 1) Silex Systems Strategic Review and Restructure For personal use only • Strategic review of business undertaken by Silex Board in June 2014 resulting in company restructure • Key decision – to return the primary focus of the company to the development and commercialisation of
Slide 6: Strategic Review - Summary
P6 Strategic Review - Summary For personal use only SILEX laser enrichment technology • Foundation project and core asset of the company – invented and first demonstrated in Sydney – the world’s only 3rd generation technology • Being commercialised by Silex and GLE in Australia and USA respectively
Slide 7: SILEX Laser Uranium Enrichment Technology
For personal use only SILEX Laser Uranium Enrichment Technology © Silex Systems Limited 2015
Slide 8: Advantages of the SILEX Technology
P8 Advantages of the SILEX Technology For personal use only • Enrichment is the most difficult and costly step in making nuclear fuel for power reactors (~35% to 40% of total cost based on current market prices) • All enrichment today performed by gas centrifuge technology developed initially in the
Slide 9: Commercialisation and License Agreement
P9 Commercialisation and License Agreement For personal use only Perpetual Royalty Agreement with Global Laser Enrichment (GLE) • Exclusive worldwide commercialisation and license agreement for the SILEX Technology – signed in 2006 • Phase I milestone completed in May 2013 – triggered US$15 51% 25%
Slide 10: SILEX Technology Royalty Business Model
P10 SILEX Technology Royalty Business Model For personal use only Our business model for uranium enrichment: Zero capital cost High value Gen III technology Long term growth to Silex perpetual royalty advantage story • Plant capex to • Contracted • Only laser- • Global nuclear be funded by range of
Slide 11: GLE's Phased Approach to Commercialisation
P11 GLE’s Phased Approach to Commercialisation For personal use only Commercial Plant Options • GLE plans include possible enrichment plant up to 6MSWU in Wilmington, NC (US NRC construction & operating License received in 2012) • Additional opportunity for a commercial plant in Paducah, Kentucky –
Slide 12: Paducah Enrichment Plant Opportunity Update
P12 Paducah Enrichment Plant Opportunity Update For personal use only Negotiations between GLE and the DOE continue • Closure of existing 1st generation gaseous diffusion plant in May 2013 – led to Department of Energy (DOE) bid process for future operations. • GLE submitted a proposal to the DOE in
Slide 13: Nuclear Energy Market Outlook
P13 Nuclear Energy Market Outlook For personal use only • Potential for significant increase in nuclear capacity over the next two decades • Energy security and climate change are two key drivers for nuclear power deployment Nuclear plant forecasts to 2030* Key Statistics Country 2015 2030 11 perc
Slide 14: Uranium Enrichment Market Outlook
P14 Uranium Enrichment Market Outlook For personal use only Short Term Market Outlook – ‘Negative’ • Short term market likely to remain depressed due to impact of Japanese industry shutdown • Japanese reactors - likely to see first restarts in 2015 – slower than anticipated • Uranium and Enrichment
Slide 15: Recent Industry Developments
P15 Recent Industry Developments …suggesting the beginning of a recovery in the uranium and enrichment markets For personal use only Japanese Reactor Restarts • Japan’s Nuclear Regulatory Authority (NRA) recently issued its first approvals for the restart of 4 Japanese reactors • Applications have n
Slide 16: Solar Systems: CPV Dish Technology and Utility Scale Projects
For personal use only Solar Systems CPV Dish Technology and Utility Scale Projects © Silex Systems Limited 2015
Slide 17: Solar Systems CPV Dish Technology
P17 Solar Systems CPV Dish Technology For personal use only Two Concentrating Photovoltaic (CPV) Dish Solar Power Stations built and operated: 1. Mildura, Australia (~1.5MWp, 40 dishes) • Opened July 2013 – demonstration now completed • Plans for large 100MW facility suspended after funding deeds fo
Slide 18: Solar Systems – Update
P18 Solar Systems – Update For personal use only • Strategy execution well advanced with several parties having expressed interest • Corporate Advisor appointed to assist with securing a strategic partner and/or investor • In parallel, Solar Systems continues to prepare its unique ‘Dense Array’ CPV
Slide 19: Translucent: Advanced Semiconductor Materials Technology
For personal use only Translucent Advanced Semiconductor Materials Technology © Silex Systems Limited 2015
Slide 20: Translucent – Advanced Semiconductor Substrates
P20 Translucent – Advanced Semiconductor Substrates …potentially delivering lower costs and performance improvements For personal use only Electric vehicle power Power electronics applications converters First Product: REO Substrates Lighting power converters (eg: street lights) Motor controllers fo
Slide 21: Translucent - Update
P21 Translucent - Update For personal use only • Translucent is currently engaging with several potential customers and/or strategic partners to help accelerate the path to market • Management working towards securing a value-creating transaction with a strategic partner and/or investor in FY 2015 •
Slide 22: Summary
P22 Summary For personal use only The Company is well advanced in executing a major strategic review including a significant reduction in cash burn beyond FY 2015 (current cash reserves ~$62.5m) Strategy includes accelerating the transition to market for subsidiaries Solar Systems and Translucen
Slide 23: Thank you
For personal use only Thank you © Silex Systems Limited 2015