Syrah Resources Limited · ASX:SYR
Syrah Resources — JP Morgan Clean Energy Corporate Day 2018
31 slides from Syrah Resources's conference presentation, May 15, 2018
Slide 1: JP Morgan Clean Energy Corporate Day
For personal use only JP Morgan Clean Energy Corporate Day Christina Lampe-Onnerud Founder & CEO Cadenza Innovation Inc. Syrah Resources Non-Executive Director 15 May 2018 1
Slide 2: Disclaimer
Disclaimer For personal use only This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation may
Slide 3: Lithium-ion battery market
For personal use only Lithium-ion batterybanning marketthe internal combustion 33
Slide 4: Shenzhen now uses only electric buses and 62.5% electric taxis
Shenzhen now uses only electric buses (16,500) and also has 62.5% of all taxies being electric (12,518) For personal use only Retrieved: 2018-01-04 https://www.greencarreports.com/news/1114577_shenzhen-now-uses-only-electric-buses-16500-of- them?utm_source=dlvr.it&utm_medium=twitter 44
Slide 5: The Economist: China moves towards banning the internal combustion engine
The Economist: China moves towards banning the internal combustion engine For personal use only Published 2017-09-14 https://www.economist.com/news/business/21728980-its-government-developing-plan-phase-out-vehicles-powered-fossil-fuels-china- moves?fsrc=scn/tw/te/bl/ed/chinamovestowardsbanningthein
Slide 6: 2017 China accounts for >50% all EV sales
2017 China accounts for >50% all EV sales For personal use only Retrieved: 2018-01-09 https://www.bloomberg.com/news/articles/2018-01-09/china-driving-global-battery-electric-vehicle-sales-past- hybrids?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source
Slide 7: The xEV opportunity in China is driving market share
The xEV opportunity in China is driving market share For personal use only Retrieved: 2017-09-01 https://www.ft.com/content/c4c332c4-7036-11e7-aca6-c6bd07df1a3c?accessToken=zwAAAV4- 6cewkdPEwzLEcDYR59Ospsa9B98aPA.MEQCIDyKB2Im4l60wa2Ojs7WqXSGl0EqrfEDkqNssYf1oQxFAiAmqvMDEMfE02lS7PcfjbGj58MfQnKaNzNmYrJ
Slide 8: xEVs projected to be 50% of global auto market by 2030
xEVs projected to be 50% of global auto market by 2030 For personal use only Retrieved: 2017-10-18 https://www.bloomberg.com/news/articles/2017-11-02/battery-powered-cars-to-be-half-of-global-auto-market-by-2030 88
Slide 9: Upward EV forecasting is the new trend
Upward EV forecasting is the new trend For personal use only Retrieved: 2018-01-11 https://www.greentechmedia.com/articles/read/everyone-is-revising-electric-vehicle-forecasts-upward#gs.OVFCXQM 99
Slide 10: Countries banning new sales of petrol and diesel cars
Countries banning new sales of petrol and diesel cars, auto industry starting to respond For personal use only (Netherlands) (India – proposal (France) in the works) (London – 40.000 (Norway) (China – working (UK) drivers) on time table) 2019 2021 2025 2030 2040 10 10
Slide 11: Electric vehicles are driving Li-ion global demand
Electric vehicles are driving Li-ion global demand; Li-ion battery technology here to stay For personal use only Source: Bloomberg New Energy Finance 11 11
Slide 12: ~55% of global lithium-ion battery production is in China
~55% of global lithium-ion battery production is currently in China, compared with 10% in the U.S. For personal use only Source: Bloomberg New Energy Finance 12 12
Slide 13: Substantial capacity is under construction or announced
Substantial capacity is under construction or announced For personal use only Source: Bloomberg New Energy Finance 13 13
Slide 14: Current lithium-ion technology here to stay
Current lithium-ion technology here to stay For personal use only History of the battery 1786, Luigi Galvani discovered “animal electricity” 1800, Alessandro Volta built the first practical battery 1859, Gaston Plante invented the first rechargeable battery with lead acid 1899, Waldemar Jungner inve
Slide 15: Lithium-ion in high demand in future markets
Lithium-ion in high demand in future markets For personal use only 1991 2017 2030 Introduced into Portable Portable power Portable Power Power market • 100% Lithium-ion • No real competition • Cell phones • 7B batteries sold globally • Laptops • 3C 2000 Introduced in EVs EVs EVs • Personal • 1.5% gl
Slide 16: The Australian energy storage opportunity
The Australian energy storage opportunity For personal use only 16 16 16
Slide 17: One-quarter of Australian homes now have solar
One-quarter of Australian homes now have solar For personal use only Retrieved: 2017-07-06 http://reneweconomy.com.au/one-quarter-of-australian-homes-now-have-solar-70886/ 17 17 17
Slide 18: Changing grid
Changing grid For personal use only NY-BEST ENERGY STORAGE ROADMAP 18 18 18
Slide 19: Challenges for mass market uptake next five years
Challenges for mass market uptake next five years For personal use only Price - Performance Reliability • Volume vs. energy density • Safety - Warranty • Weight vs. range/run-time Use model • Battery charging infrastructure • Harmony with current electricity paradigm 19 19 19
Slide 20: Syrah and Cadenza Innovation Inc.
For personal use only Syrah and Cadenza Innovation Inc. banning the internal combustion - Research and Development 20 20
Slide 21: Graphite to maintain dominance in anodes
Graphite to maintain dominance in anodes, natural graphite increase market share as cost pressure increases For personal use only Silicon Alloy Anodes Artificial Graphite Natural Graphite Emerging but mixed with xEV, grid xEV, grid, portable electronics graphite presently More energy Better cycle li
Slide 22: Solid State and Silicon Anode battery technology outlook
Solid State and Silicon Anode battery technology outlook For personal use only Solid State Batteries Silicon Anode Technology • “Solid state” is really two separate technologies • Most silicon is used as a composite mixed with graphite • Shorter term is polymer electrolytes - still use graphite anod
Slide 23: Aims of testing and benchmarking Syrah products
Aims of testing and benchmarking Syrah products For personal use only Crystallinity (structure) Capacity (performance) • Evaluate spacing between the layers of carbon atoms in • Determine the practicable capability of the material to the graphite structure and the size of the crystallite store lithi
Slide 24: Syrah precursor crystallinity matches existing Li-ion anode precursors
Syrah precursor material crystallinity matches existing Li-ion anode precursors, enabling easy supply chain entry For personal use only Note: Precursor material refers to uncoated spherical graphite and uncoated purified spherical graphite Source: Results based on laboratory testing by Cadenza Innov
Slide 25: Syrah precursor demonstrates high 365-370 mAh/g capacity
Syrah precursor demonstrates high 365-370 mAh/g capacity – near theoretical maximum capacity of graphite For personal use only banning the internal combustion Note: Precursor material refers to uncoated spherical graphite and uncoated purified spherical graphite Source: Results based on laboratory t
Slide 26: Syrah precursors have similar spherical shape and particle size
Syrah precursors have similar spherical shape and particle size distribution as industry leading precursor materials For personal use only Note: Precursor material refers to uncoated spherical graphite and uncoated purified spherical graphite Source: Results based on laboratory testing by Cadenza In
Slide 27: Syrah spherical natural graphite comparable to industry leading competitors
Syrah is producing spherical natural graphite with a structure comparable to industry leading competitors For personal use only Source: Results based on laboratory testing by Cadenza Innovation Inc. 27 27
Slide 28: Syrah materials match density characteristics of industry leaders
Syrah precursor and finished materials match the density characteristics of industry leading materials For personal use only Note: Precursor material refers to uncoated spherical graphite and uncoated purified spherical graphite. Finished materials refers to coated purified spherical graphite. Sourc
Slide 29: Syrah finished anode material matches surface and density characteristics
Syrah finished anode material matches key surface and density characteristics of industry leading materials For personal use only Note: Finished materials refers to coated purified spherical graphite. Source: Results based on laboratory testing by Cadenza Innovation Inc. 29 29
Slide 30: Initial cycle life data from customer trials is promising
Initial cycle life data of finished anode material from customer trials is promising For personal use only • 1C/1C cycle life data in industrial scale cells built with development materials • Additional testing on pilot scale materials is in progress Source: Results based on laboratory testing by Ca
Slide 31: Summary
Summary For personal use only Battery market Anode technology • Electric vehicle demand driving global Li-ion • Graphite to maintain dominance demand • Natural graphite increase market share as cost • Currently majority Li-ion battery production pressure increases based in China • Silicon anodes - c
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