Slide 1: FY24 Results & Operational Update
FY24 Results & Operational Update Revenue stage applied materials technology - Unlocking global battery anode market 28 August 2024
Slide 2: Important Notice
IMPORTANT NOTICE SCOPE & LIMITATIONS This Presentation has been prepared by AnteoTech Ltd (AnteoTech or the Company) (ASX.ADO). The Presentation is a summary only and does not contain all the information about the Company’s assets and liabilities, financial position and performance, profits and loss
Slide 3: Creating value by accelerated development and commercialisation
CREATING VALUE BY THE ACCELERATED DEVELOPMENT AND COMMERCIALISATION OF SOCIETALLY BENEFICIAL SOLUTIONS BY OUR INNOVATIVE TECHNOLOGY AND PASSIONATE TEAM AnteoTech Proprietary & Confidential 3
Slide 4: Highlights
HIGHLIGHTS Platform laid for commercialisation activities and revenue growth into FY25 and beyond 1 Validating Anteo XTM & UltranodeTM with major European car manufacturers - next generation batteries – EV1 undertaking prototype evaluation with targeted design freeze in 2024 2 Compelling Anteo XTM d
Slide 5: AnteoTech Snapshot
ANTEOTECH SNAPSHOT ASX listed binder materials company leveraging proprietary, high performance, applied materials technology Revenue stage, hi-tech materials & chemistry company – multiple commercial partners Market leading, patent protected technology - solving key technical issues for the next ge
Slide 6: Products – Innovation Defining the Future
PRODUCTS – INNOVATION DEFINING THE FUTURE Proven technologies for the rapidly growing battery anode and life science diagnostics markets Clean Energy Technology Life Sciences Anteo X Ultranode AnteoBind & AnteoBind NXT Anteo XTM is a performance enhancing AnteoTech’s Ultra High Silicon Anode AnteoTe
Slide 7: Unlocking a $21B Opportunity in Clean Energy
UNLOCKING A $21B OPPORTUNITY IN CLEAN ENERGY AnteoTech’s technology portfolio is the key enabler of higher silicon content anodes - unlocking the next generation of battery performance for high demand areas such as Electric Vehicles Electric Vehicles are driving Graphite has reached the limit Increa
Slide 8: Environmentally & Socially Responsible
ENVIRONMENTALLY & SOCIALLY RESPONSIBLE AnteoTech is committed to being a low carbon footprint, sustainable company with the highest possible ESG standards Advancing Clean Energy Eco-Friendly Production Quality & Accreditations Battery Technology and Low Carbon Footprint Hold ISO 13485 and ISO 9001 a
Slide 9: FY2024 Highlights
A Anteotech FY2024 Highlights
Slide 10: Key Financials
KEY FINANCIALS Reduced costs and refocused resources to higher value opportunities in the clean energy market Cash Operating Revenue Overhead reduction1 Capital Invested2 $5.0m R&D Refund received3 $3.8m $0.46m $3.3m $1.1m 26% vs FY23 28% vs FY23 Production Facility completed Grant Funding secured4
Slide 11: FY24 Achievements – Commercial Traction
FY24 ACHIEVEMENTS – COMMERCIAL TRACTION Commercial and technical achievements position AnteoTech for near term partnering and revenue opportunities Clean Energy Life Sciences Corporate Testing Prototype with Anteo X Anteo X Cycle Milestone US$1.8m 5-year Agreement Operational overhaul Major EV manuf
Slide 12: Goals for Success in FY25
GOALS FOR SUCCESS IN FY25 Strategies to build on our commercial momentum – driving revenues and partnerships in FY2025 Delivering multiple revenue streams and commercial agreements - diversification 1 Building our new term revenues in life sciences and securing long term clean energy revenues Advanc
Slide 13: Clean Energy Technology
CLEAN ENERGY TECHNOLOGY Commercial opportunities and Outlook AnteoTech Proprietary & Confidential 13
Slide 14: Strategy – Multiple Entry Points in Anode Market
STRATEGY – MULTIPLE ENTRY POINTS IN ANODE MARKET Multi-pronged sales strategy with potential customers across different verticals Stationary storage Electric Vehicles # Full Cell Cycles to 80% capacity Consumer Power tools electronics 1000 + 1500 + 500 + 300 + AnteoTech’s commercialization path Ante
Slide 15: Diverse Revenue – Technology Platforms & Partnerships
DIVERSE REVENUE – TECHNOLOGY PLATFORMS & PARTNERSHIPS Silicon-enabling products + anode know-how to create pathways to smaller, lighter and cheaper lithium-ion batteries ULTRA HIGH BINDER SILICON ANODE ADDITIVE TECHNOLOGY TECHNOLOGY CONTRACT JOINT FORMULATION DEVELOPMENTS KNOW-HOW SERVICES & PARTNER
Slide 16: Expanding Market - Rapid Growth in High Silicon Anodes
EXPANDING MARKET - RAPID GROWTH IN HIGH SILICON ANODES AnteoTech’s market opportunity continues to expand - double digit growth of high silicon anodes in short term Current High Silicon anodes using x expensive silicon materials Current approaches viewed as too costly x for all but the most expensiv
Slide 17: EV Market Is Changing - Demanding Rapid Cost Reduction
EV MARKET IS CHANGING - DEMANDING RAPID COST REDUCTION Market demands for cost reductions yet simultaneous desire for increased energy density is creating a challenging scenario To increase the energy density of anodes the role of silicon needs to evolve from additive to main component Increase in s
Slide 18: Consumer Electronics – Low Regulatory Hurdles & Fast Access
CONSUMER ELECTRONICS – LOW REGULATORY HURDLES & FAST ACCESS Silicon enabling Anteo X and Anode design expertise create a faster pathway - starting with the consumer electronics market ULTRA HIGH SILICON ANODE TECHNOLOGY Gen 1 Gen 2 800 Cycles1 >1000 Cycles Consumer Electronics Storage Systems • Enab
Slide 19: Anteo X Compelling New Technical Data
ANTEO X COMPELLING NEW TECHNICAL DATA Data validates our market leading value proposition – supports customer engagement Anode Optimisation Program 1000+ Cycles w/ >70% energy retention – leading European car manufacturer - EV1 • AnteoTech engaged to optimise EV1’s proprietary anode formulation • An
Slide 20: Portfolio of Customers – Market Diversity
PORTFOLIO OF CUSTOMERS – MARKET DIVERSITY Targeted near term revenues from both battery and chemistry companies Market segmentation to cover major segments in supply chain → Electric Vehicle manufacturers - three European marquee EVs at different stages of commercialization → EV1 targeted “Design Fr
Slide 21: EV1 Prototype Testing - Targeting Near Term Sales
EV1 PROTOYPE TESTING - TARGETING NEAR TERM SALES Major European EV manufacturer confirmed Anteo XTM benefits – prototype testing for next generation battery ADO Initial ADO Growing ADO Sales for ADO Status Sales Sales Production May 2023 Completed Ongoing End 2024 / Early 2025 From 2025 Late 2025 on
Slide 22: Life Sciences
LIFE SCIENCES Building Targeted Revenues and Outlook AnteoTech Proprietary & Confidential 22
Slide 23: AnteoBind First Take or Pay Purchase Agreement
ANTEOBIND FIRST TAKE OR PAY PURCHASE AGREEMENT World’s largest vaccine manufacturer extends partnership – commenced long term revenue opportunity Serum Institute of India, is a privately held Indian company and the world's US$1.8m min. Purchase Agreement – 5 years largest vaccine manufacturer, selli
Slide 24: AnteoBind NXT – In Commercial Evaluation
ANTEOBIND NXT – IN COMMERCIAL EVALUATION Successful evaluation by Vidcare to drive new revenues – 2025 planned launch of diagnostic test supported by Indian Government AnteoBind NXT benchmark study1 delivers: When compared with the industry standard “EDC/s-NHS” Vidcare Innovations is an Indian leade
Slide 25: FY2025 and Beyond
FY2025 and Beyond AnteoTech Proprietary & Confidential 25
Slide 26: Commercial Objectives & Milestones
COMMERCIAL OBJECTIVES & MILESTONES* 2023the foundation FY2024 – Building FY2025 – Commercial execution • First AnteoXTM revenues ✓ • Vidcare validation & commercial agreement for AnteoBind NXT • First commercial scale UltranodeTM production ✓ • Clean energy commercial / development partnerships – ta
Slide 27: Corporate Snapshot
CORPORATE SNAPSHOT Balance Sheet strengthened with new institutional shareholders joining the share register in FY24 Market Capitalisation1 Capital Structure $51.8m Shares (ADO) 2,469 million Cash Options (ADOO) 148 million $5.0m Unlisted Options 181 million R&D Refund expected2 Institutions 7.5% $2
Slide 28: Five Key Takeaways
FIVE KEY TAKEAWAYS Next generation battery technology – underpinned by compelling data Patent-protected, cost effective, platform technology unlocks high silicon battery anodes market. 1,000 charge / discharge cycles of Anode with over 70% energy retention → Target 80% First clean energy revenues –
Slide 29: Appendices - Technology
APPENDICES - TECHNOLOGY 29
Slide 30: Commercially Experienced Leadership Team
COMMERCIALLY EXPERIENCED LEADERSHIP TEAM Katrina Byrne Andrew Cook Chief Operating Officer Chief Financial Officer TEXT • Extensive domestic and international • 20+ years’ experience in senior financial experience in operations, projects and roles — focus on energy & renewables supply chain manageme
Slide 31: Lithium-Ion Battery Anodes - A Need for a Step Change
LITHIUM-ION BATTERY ANODES - A NEED FOR A STEP CHANGE Changing battery market dynamics - Graphite The Solution - Silicon Lithium-ion Graphite Anode Shift to Silicon • Li-ion is the most common battery • Graphite is the current preferred • Increasing silicon content in the anode chemistry in electric
Slide 32: Lithium-Ion Battery Value Chain
LITHIUM-ION BATTERY VALUE CHAIN Targeting multiple market entry points including battery component manufacturers and end users Binder additive Complete Binder Ultra High Silicon Anode Product Range Component Cell manufacturing Module production Battery pack Vehicle assembly Raw materials manufacturi
Slide 33: Anteo X Binder Additive Technology
ANTEO X BINDER ADDITIVE TECHNOLOGY Anteo XTM designed with the intent to not change any parameters on existing manufacturing processes (1) Integrates seamlessly with Mixing Step (1) and activates during Drying Step (3) (2) Added to the process as the final component ADDITION of 1 MIXING 2 COATING 3
Slide 34: Anteo X Is Production Ready
ANTEO X IS PRODUCTION READY Enhancing in-house Anteo XTM production and battery design and testing capabilities Production facility completed – February 2024 First production scale Anteo XTM batch – April 2024 Scalable from 20k to 80k litres p.a. – same site with nominal cost Meeting customer requir
Slide 35: Compelling Data - Silicon Anode Active % vs Inactive %
COMPELLING DATA - SILICON ANODE — ACTIVE % VS. INACTIVE % Deep experience and capabilities in silicon anode development and designs Optimising the inactive material fraction matters • Optimisation of <5wt.% of the anode composition can create substantial performance and cost advantages • Incorporati
Slide 36: Compelling Data - Silicon Carbon Composite Anode
COMPELLING DATA - SILICON CARBON COMPOSITE ANODE – 750 mAh/g Clear impact of the addition of Anteo XTM on silicon anode performance (1) Baseline experiment to evaluate response of anode system to the change in one parameter ➢ Anode coating capacity at C/2: ~620 mAh/g paired with NCM532 cathode: 3.8