Slide 1: Introduction to Calix
For personal use only Introduction to Calix Sharewise Webinar 10 June 2025 Phil Hodgson Managing Director & Chief Executive Officer MARS IS FOR calix.global QUITTERS
Slide 2: Important Disclaimer
Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). INVESTMENT RISK SUMMARY INFORMATION An investment in Calix securities is subject to investment and other known and unknown risks, some of which are beyond the control of This presentation cont
Slide 3: About Calix: Solving global challenges
About Calix Solving global challenges Electrification of industrial processing | Capture of unavoidable emissions | Sustainable environmental solutions For personal use only Calix Limited is an environmental technology company solving 7 COUNTRIES 5 CONTINENTS 100+ 18 12 2020 33 12% urgent global cha
Slide 4: Calix's core platform technology
Calix’s core platform technology A new way to “heat stuff up” CO2 Capture For personal use only Targeting the capture of unavoidable process CO2 emissions from cement Pre-ground CO2 captured when processing & lime production, as well as CO2 minerals carbonate materials from the atmosphere Calciner t
Slide 5: Strong government support driving industrial decarbonisation
Strong government support driving industrial decarbonisation Latest News… Europe US Australia For personal use only Emissions Trading Scheme (EU ETS) 45Q CCUS Tax Incentives AU$1b Green Iron Investment Fund10 • 2024 EU ETS CO2 price averaged €65,1 projected to reach • US$85/tonne of CO2 permanently
Slide 6: Why our technology is targeting more than just carbon abatement
Why our technology is targeting more than just carbon abatement… The need for energy flexibility Calix’s technology and energy flexibility Energy flexibility = value For personal use only COMBUSTION HYBRID HEATING ELECTRIC HEATING HEATING • Energy grids have an increasing Decreasing Electricity use
Slide 7: Calix Group Structure
Calix Group Structure One core platform technology with multiple applications for global industries For personal use only Platform output Carbon Capture Sustainable Processing Magnesia Business Pilbara subsidiary Minerals UJV ZEAL Application Cement & lime Direct Air Capture Lithium Alumina Iron & s
Slide 8: Application: Cement & Lime
Leilac pilot plant at Heidelberg Materials Lixhe cement plant - Belgium For personal use only (Low Emissions Intensity Lime and Cement) Application Cement & Lime Calix business line Leilac 1H FY25 Results 26 February 2025 8 8
Slide 9: Application – Cement & Lime
Application – Cement & Lime Production of low-carbon lime & cement Partners1 and Customers Our targeted technology benefits For personal use only Low-cost capture of CO2 emissions Hybrid electric-fuel technology to enable grid load-balancing, lower energy costs Low-impact retrofit integration Increa
Slide 10: Application: Direct Air Capture
For personal use only (Low Emissions Intensity Lime Impression of an and Cement) Heirloom DAC facility demonstration plant Application Direct Air Capture Calix business line Leilac 10 1
Slide 11: Application – Direct Air Capture
Application – Direct Air Capture Atmospheric carbon dioxide removal using Leilac technology with Heirloom’s DAC technology Partner Heirloom & Leilac targeted benefits For personal use only Low-cost direct air capture Can be 100% renewably powered Modular and scalable Backed by Breakthrough Energy Ve
Slide 12: Application: Lithium & Critical Minerals
Mid-Stream Demonstration For personal use only Plant with Pilbara Minerals Application Lithium & Critical Minerals Calix business line Sustainable Processing Construction of the lithium salt demonstration plant at PLS – Pilgangoora, Pilbara 12 12
Slide 13: Application – Lithium and Critical Minerals
Application – Lithium and Critical Minerals Production of lithium phosphate salts at the mine site Partner PLS & Calix targeted technology benefits For personal use only Higher concentrated lithium product Processing directly at the mine site with multiple energy options Mid-Stream Demonstration Pla
Slide 14: Application: Iron & Steel
Zesty Application: Iron & Steel For personal use only (Zero Emissions Steel TechnologY) Application Iron & Steel Impression of a Zesty Calix business line 30,000 Tonnes pa green Sustainable Processing iron demonstrator plant ZESTY 500 Tonnes pa green iron Pilot plant – Bacchus Marsh, Victoria 14 14
Slide 15: Application – Iron & Steel
Application – Iron & Steel Production of green iron Partners1 Our targeted technology benefits For personal use only Minimum hydrogen use Flexible operations & energy use Compatible with fines & lower-grade ores 2 No pelletisation No fossil fuel requirement No carbon capture & storage requirement Lo
Slide 16: Application: Alumina
For personal use only ZEAL (Zero Emissions ALumina) Application Alumina Calix business line Sustainable Processing 16 16
Slide 17: Application – Alumina
Application – Alumina Production of green alumina Partners1 Our targeted technology benefits For personal use only 2 Electric calcination replaces emissions intensive combustion and fossil fuels Renewable energy sources and grid load balancing applications Precise heating to reduce particle breakage
Slide 18: Application: Water Treatment
IER manufacturing facility, Lufkin, Texas MAGNESIA For personal use only Application Water Treatment Calix business line Magnesia Calix magnesia production facility – Bacchus Marsh, Victoria 18 18
Slide 19: Application – Water Treatment
Application – Water Treatment Production of magnesium hydroxide for water treatment Scope Scope Our targeted benefits For personal use only USA manufacturing plants Cost-effective caustic soda replacement Ripon, Winsconsin Safe & non-toxic, non-hazardous & non- Muscatine, Iowa corrosive Sioux City,
Slide 20: 1H FY25 Financial Highlights
1H FY25 Financial Highlights Growing revenues and focused commercialisation 1H FY25 PRODUCT & • $13.5m product & services revenue, up 11% SERVICES REVENUE $13.5m For personal use only Revenue – $10.7m Magnesia revenue, up 8% – $2.9m Leilac services revenues, up 26% growth (1H FY24: $12.2m) • Non-cas
Slide 21: Calix recognition on the global stage
Calix recognition on the global stage ZESTY wins COP29 global ZESTY project wins at HILT Calix wins Next Gen Award Net-Zero Industry Award CRC 2024 Annual For personal use only HILT CRC Conference • The Project “Testing of Australian iron ores in a • The Decarb Next Gen Awards 2025 recognises • The
Slide 22: Indicative project & revenue timeline - updated
Indicative project & revenue timeline - updated Extended US DoE Review period has created some uncertainty for our US projects… Project / TIMELINE Business Partners Industry Product 2022 2023 2024 2025 2026 2028 2027 For personal use only Leilac-2 Cement Secured grant funding Targeted financing / wo
Slide 23: Q&A
For personal use only Q&A Investor Relations investorrelations@calix.global Because there is only one earth Mars is for quitters.