Slide 1: FY20 Financial Results Presentation
FY20 Financial Results Presentation Solving global challenges 1
Slide 2: Important Disclaimer
Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). INVESTMENT RISK An investment in Calix securities is subject to investment and other known and unknown risks, some of which are beyond the control of Calix, SUMMARY INFORMATION including possi
Slide 3: Contents
Contents 4. Results and Business Overview 9. FY20 Financial Results Solving Global Challenges… 14. FY20 Business Achievements • Wastewater • CO2 Mitigation for Cement and Lime • Aquaculture …because there’s only one Earth… • Agriculture • Advanced Batteries 20. A Peek into the Future – New Developme
Slide 4: Results and Business Overview
Results and Business Overview Solving global challenges 4
Slide 5: Calix Limited FY20 Results Summary
Calix Limited FY20 Results Summary A TRANSFORMATIONAL YEAR REVENUE GROWTH Both organic, and through the acquisition of IER 76% A$m GROWTH 30 to 24.4m 25 327% GROWTH 20 to 14.1m 15 34% total revenue GROWTH 10 to 4.4m total sales revenue 5 non-IER sales revenue 0 FY19 FY20 AUS/NZ Sales SE Asia Sales E
Slide 6: Calix Limited is using its core mineral processing platform
Calix Limited is using its core mineral processing platform technology to grow multiple global businesses Cash-positive and with no debt, growing revenues, secure supply chain, readily scalable and with a funded development pipeline. Growing Sales Control of Quickly scalable Revenues Supply Chain fo
Slide 7: Calix's Core Technology
Calix’s Core Technology A PATENTED PLATFORM TECHNOLOGY WITH 2 KEY FEATURES CO2 Capture 1 When processing limestone, cement meal, A New Type of Kiln... or magnesite, gas exhaust is pure CO2 The “Calix Flash Calciner” or CFC 27 patent families 2 covering core technology and applications Low Cost, Safe
Slide 8: Calix's target markets with global appeal
Calix’s existing Calix’s target Existing markets – with & Developing global –appeal Markets with Global Appeal MARKET TAILWINDS FOR SUSTAINABLE WATER, FOOD, ENERGY AND CO2 MITIGATION IN-MARKET PRE-COMMERCIAL R&D WATER AND AQUACULTURE & FRESH AGRICULTURE CO2 MITIGATION ADVANCED WASTE WATER WATER REME
Slide 9: FY20 Financial Results
FY20 Financial Results Solving global challenges 9
Slide 10: Summary of Results FY20 – Revenue Growth
Summary of Results FY20 – Revenue Growth STEP-CHANGE IN REVENUE FOLLOWING SUCCESSFUL US ACQUISITION - IER 76% GROWTH to 30 24.4m 25 327% GROWTH to 14.1m 20 Up 224% $1.5m A$m 15 34% GROWTH to total revenue 4.4m 10 total sales revenue non-IER sales revenue 5 0 $30m in AU & EU FY19 FY20 Grants secured
Slide 11: Summary of Results FY20 Profit & Loss highlights
REVENUE & OTHER INCOME 30 Summary of Results FY20 25 Profit & Loss highlights 20 15 ACCELERATING SALES, MAINTAINING EBITDA PROFITABILITY AND 10 RE-INVESTING FOR FUTURE GROWTH 5 0 FY 2020 FY 2019 Movement ($000’s) ($000’s) Product Sales R&D Rebates Project Grants Sales revenue 14,064 3,295 Up 327% OP
Slide 12: Summary of Results FY20 – Balance Sheet highlights
Summary of Results FY20 – Balance Sheet highlights GROWING OUR ASSET BASE, VIRTUALLY ZERO DEBT FY 2020 FY 2019 Strong cash on hand position – Movement ($000’s) ($000’s) without needing to top up cash Total Assets 42,763 25,274 during COVID-19 Total Liabilities 16,532 8,467 Growing the value of the N
Slide 13: Summary of Results FY20 – Cash flow statement highlights
Summary of Results FY20 – Cash flow statement highlights PRUDENT MANAGEMENT OF CASH FY 2020 FY 2019 Movement ($000’s) ($000’s) Continued to generate positive Operating Cashflows 10,246 719 Up 1,319% operating cashflows Receipts from customers 15,607 3,617 Investing in our technology platform and sal
Slide 14: FY20 Business Achievements
FY20 Business Achievements Solving global challenges 14
Slide 15: Wastewater Treatment
Wastewater Treatment A RAPIDLY GROWING BUSINESS Wastewater treatment –with FY20 Key Achievements magnesium hydroxide liquid (MHL) • ACTI-Mag sales revenue growth of 59 % from FY19 • Successful acquisition of US-Based IER business • First US plant upgrade completed, and more stable product achieved C
Slide 16: CO2 Mitigation – Cement and Lime
CO2 Mitigation – Cement and Lime LEILAC TECHNOLOGY NOW LARGELY FUNDED TO COMMERCIAL SCALE Theoretically the lowest cost solution to CO2 FY20 Key Achievements mitigation for cement and lime • LEILAC-1 Plant commissioned on-time and budget • First test runs proved the technology concept • December 201
Slide 17: Developing our Asian Business
Developing our Asian Business AQUA-Cal+ FOR AQUACULTURE AND FRESH WATER LAKE REMEDIATION FY20 Key Achievements Water conditioner - traps • FY20 H1 Sales were up 110% pcp Nitrogen, Phosphorous, Iron • FY20 H2 Sales were impacted by COVID, mainly for China (our biggest market) • Overall SE Asian Reven
Slide 18: Developing our Agriculture Business
Developing our Agriculture Business AGRICULTURE CROP PROTECTION BOOSTER-Mag - AGRICULTURE CROP PROTECTION FY20 Key Achievements • First sales and marketing license deal – AFEPASA – August 2019 Safe, environmentally friendly crop protection • First orders received and 14 tonnes shipped for EU 2020 su
Slide 19: Advanced Battery Materials Development
Advanced Battery Materials Development ADVANCED BATTERIES FY20 Key Achievements Calix ‘BATMn’ technology… • August 2019 – awarded $3m in funding to lead the advanced hybrid batteries CRC-P • November 2019 - BATMn all-electric CFC advanced materials reactor completed on- time and budget • November 20
Slide 20: A brief peek into the future…
A brief peek into the future… OUR DEVELOPMENT PIPELINE REMAINS FULL OF OPPORTUNITY There are numerous opportunities for Calix’s Technology into potentially very large markets – all below are underway… Target Commercial Application Market Potential Development Pathway Key Commercialisation Triggers T
Slide 21: In Summary: Our Priorities for FY21
In Summary: Our Priorities for FY21 IN-MARKET PRE-COMMERCIAL R&D WATER AQUACULTURE & FRESH AGRICULTURE CO2 MITIGATION ADVANCED & WASTE WATER WATER REMEDIATION CROP PROTECTION LIME & CEMENT BATTERIES First European summer sales US: 4 site upgrades, Re-establish Asian leads to strong initial orders fo
Slide 22: Share Price Performance Since Listing
Listed on the ASX in July, 2018 ASX:CXL Share Price Performance Since Listing 8 $1.20 As at 24 August 2020 Millions 7 Shares on issue ~147.9m $1.00 6 Share price for IPO Capital Raise $0.53 per share $0.80 5 Share price on IPO $0.62 per share 4 $0.60 Share price $0.785 per share 3 Market capitalisat
Slide 23: Board of Directors
Board of Directors Phil Dr Mark Peter Jack Hodgson Lance Sceats Turnbull, AM Hamilton Managing O’Neill Executive Non-Executive Non-Executive Director & Chief Non-Executive Director And Chair Director Executive Officer Director Chief Scientist Experienced chairman and non-executive • 30 years multidi
Slide 24: Contributing to the UN Sustainable Development Goals
Contributing to the UN Sustainable Development Goals SOLVING GLOBAL CHALLENGES AQUACULTURE & WATER AGRICULTURE CO2 MITIGATION ADVANCED FRESH WATER & WASTE WATER CROP PROTECTION LIME & CEMENT BATTERIES REMEDIATION Calix is a proud corporate member of WaterAid, an international not-for-profit, determi
Slide 25: We believe our responsibility starts at home.
We believe our responsibility starts at home. That’s why we’re driven to use our unique skills to repair, preserve and prevent future harm to it. Because there’s only one Earth, and it’s already ours. 25
Slide 26: Because there's only one Earth… …Mars is for quitters
Because there’s only one Earth… …Mars is for quitters Phil Hodgson Darren Charles Simon Hinsley Managing Director & CEO CFO & Company Secretary Investor Relations phodgson@calix.global dcharles@calix.global simon@nwrcommunications.com.au +61 2 8199 7400 +61 2 8199 7400 +61 401 809 653 Follow us on T