Slide 1: For personal
use only Not for release to US wire services or distribution in the United States For personal :
Slide 2: Significant commercial opportunity poised to scale
Significant commercial opportunity poised to scale • Executed binding suite of agreements with CRH Ventures Americas, venture capital unit of CRH plc For personal use only (NYSE:CRH, US$48bn market cap), for 10 house Demonstration Program in Florida and JV Option • A unique value proposition as the
Slide 3: Hadrian X world's most advanced construction robot
® • Hadrian X® is the world’s most advanced construction robot, For personal use only capable of building the structural, load-bearing walls of a brick/block house in as little as a day • Builds structures safer, faster, cheaper and more accurately, with waste virtually eliminated compared to tradit
Slide 4: For personal use only
® Assets Usage Labour Digital Deepening Digital Spending Digital Spending Market Making Digitisation of Digitalisation Transactions Digital Asset Interactions on Workers Processes Business Overall Stock Work Sector • Construction industry ranked poorly in McKinsey Industry Digitalisation Index1 For
Slide 5: Environmental and safety benefits of Hadrian X
For personal use only • Reduced environmental impact of construction process through zero-waste sequenced pallet capability: • Reduces occurrences of repetitive stress injuries and strains, • maintains site cleanliness, massively reduces water use, waste while virtually eliminating risks during the
Slide 6: Larger blocks improve Hadrian X economics
® Larger blocks improve Hadrian X® economics, and the greater the benefit is passed on to WaaS® customers. Costs below are direct laying costs (based on the key assumptions described below) and exclude all the other ancillary benefits enjoyed by the customer derived from the Hadrian X® from its impr
Slide 7: WaaS U.S. Commercialisation Update
WaaS® U.S. Commercialisation Update
Slide 8: CRH Ventures, venture capital unit of CRH plc
For personal use only • CRH Ventures, venture capital unit of CRH plc • NYSE and LSE listed (ticker ‘CRH’) with US$48bn market cap • Multi-billion-dollar revenues demonstrating strong customer base • Market leading supplier of building materials with established operations globally including in the
Slide 9: Demonstration Program and JV option
• Opportunity to prove the feasibility and exhibit the capability of the Hadrian X® to supply Wall as a Service® For personal use only in foreign markets Factory Acceptance Test (FAT) • CRH Ventures purchased Option to enter into a U.S. joint venture for US$2.0m, paid in non-refundable • Requires co
Slide 10: US joint venture structure
Majority of FBR’s global • Exclusive option purchased to trigger the commencement of a joint FBR grants JV exclusive annual HX manufacturing For personal use only venture for the supply of Wall as a Service® using Hadrian X® HX supply rights covering capacity reserved for JV construction robots in t
Slide 11: US$40m revolving loan facility and purchase orders
®’ • CRH Americas provides JV with US$40m revolving loan facility to fund Hadrian X® purchases from FBR For personal use only • Loan will be drawn down in tranches, with each tranche repayable over 12 years via cash sweep of annual net profit • Tranches set a base expansion rate for the JV that can
Slide 12: US housing undersupply
• Moody’s estimated a minimum of ~1.5m homes required annually just to meet demand1 For personal use only • Chronic undersupply has resulted in a deficit estimated to be between 4.7-20.1m, with supply response impinged by the pandemic, labour shortages and material cost inflation(1,2) “There are sti
Slide 13: Builder completions and labour shortage
Builder completions – Top 10 (2022) Builder Completions • FBR has initiated its customer acquisition strategy ahead of commencement of the Demonstration Program with CRH For personal use only D.R. Horton 82,930 Lennar Corp. 68,817 • Builders are under pressure due to labour shortages across all trad
Slide 14: Florida and Texas target markets
® For personal use only • Concentration of new build opportunities in Florida and Texas is highly favourable for FBR and the operation of WaaS® operating centres • Provides significant opportunities to provide WaaS® within close proximity to operating headquarters, with ample access to labour, mater
Slide 15: US revenue potential by machine utilisation
® • Initial three U.S. Hadrian X® machines targeted to generate US$9.6m revenue p.a at 60% utilization* For personal use only • Clear line of sight to larger revenues and deeper market penetration Machine Utilisation 50% 60% 70% 1 US$2.7m US$3.2m US$3.7m Number of Hadrian X® 3 US$8.0m US$9.6m US$11.
Slide 16: Europe, Australia and US milestones
® ’ – • Finalise commercial agreement for initial market entry into continental Europe For personal use only • Commence deployment of first Hadrian X® to Europe in 2025 • Market entry point is likely to be Central Europe with a large market incumbent • WaaS® entity to operate in one country in Centr
Slide 17: Placement offer summary
For personal use only • Placement to raise approximately A$12.6 million under the Company’s existing placement capacity under ASX Listing Rule 7.1 (Placement). Offer Size and Structure • Approximately 466.4 million new fully paid ordinary shares in FBR (New Shares) to be issued under the Placement,
Slide 18: Indicative timetable
For personal use only Event Time (AEST) / Date Announce completion of Placement, trading halt lifted and recommencement of trading Monday 22nd January 2024 Settlement of Placement Thursday 25th January 2024 New Shares allotted and commence normal trading Monday 29th January 2024 Note: The above time
Slide 19: Important Notice
Important Notice This presentation has been prepared by FBR Limited. This document contains background information about FBR Limited which is current as at the date of this presentation. The For personal use only presentation is in summary form and does not purport to be all inclusive or complete. R
Slide 20: International offer restrictions
This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any country outside Australia except
Slide 21: International offer restrictions (Singapore)
Singapore For personal use only This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in connection wi
Slide 22: For personal : use only
: T: +61 8 9380 0240 E: investor@fbr.com.au For personal :use only
Slide 23: For personal use only
For personal use only
Slide 24: Next-generation Hadrian X
• Modular design with distributed control architecture For personal use only • Operable by tablet or mobile device • Shuttle system handles blocks up to 600 x 400 x 300mm (23 Standard Brick Equivalent, weighing up to 45 kgs); capable of being adapted to lay roof tiles • Larger blocks allow for incre
Slide 25: Intellectual property portfolio
’ • FBR has IP coverage for its technology across Australia, United For personal use only States, Europe, China, UAE, Saudi Arabia, Mexico, Canada, Japan, Indonesia, Thailand, South Africa, India and Brazil • Patent coverage is primarily focused on key commercial markets in Australia, Europe, U.S.A,
Slide 26: Liebherr-Mischtechnik MoU
’ • Two-phase MoU with Liebherr-Mischtechnik (LMT) signed in For personal use only March 2022, to collaborate on the delivery of the Hadrian X® Phase 1 • Suitability for scalable industrialisation/commercialisation, leveraging LMT expertise in componentry, design, control systems and operating envir
Slide 27: For personal use only
For personal use only 27
Slide 28: Willagee townhouse project
’ • Split across two sites, each containing eight two-storey units For personal use only • A number of accomplishments for FBR such as: • building on a rising site, with each home elevation varying; • triple-leaf, common party walls up to 9.2m high; • a triple-leaf cavity wall system with acoustic b