Slide 1: 2024 Annual General Meeting
For personal use only 2024 ANNUAL GENERAL MEETING BluGlass Limited (ASX:BLG), 21 October 2024 SLIDE 1 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT This document has been prepared by BluGlass Limited to provide readers with an update of the Company and the Company’s technology. For personal use only Any statements, opinions, technical data and information, or other material contained in this document, do not constitute
Slide 3: Contents
CONTENTS 01. Chair’s Report 4 For personal use only 5 2024 Highlights 6 Financial Performance 02. CEO’s Report 7 Overview 8 Technology and Operational Progress 13 Market Opportunity 19 The Year Ahead 22 05. Questions & Answers 26 06. Formal Business 27 SLIDE 3 2023 BLUGLASS ANNUAL GENERAL MEETING, O
Slide 4: James Walker - Chair's Report
For personal use only JAMES WALKER CHAIR’S REPORT SLIDE 4 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023
Slide 5: Scaling Revenues & Increasing Customer Engagement in FY24
SCALING REVENUES & INCREASING CUSTOMER ENGAGEMENT IN FY24 Receives repeat Wins A$2.6 million Completes Secures A$10.17 Enters agreement custom laser US DoD sub- Receives A$7.3 integration of million to fast-track with UCSB to order from contract for laser million R&D tax GaNWorks Foundry visible las
Slide 6: Financial Performance
FINANCIAL PERFORMANCE FY24 FY23 YoY Movement $ $ % For personal use only Revenue 4,618,437 1,146,235 303% Other Income 5,405,859 8,368,678 -35% Net Assets 14,886,073 13,887,160 7% Consolidated Loss 10,005,974 11,751,243 -15% R&D Tax Rebate (Receipt for prior year R&D spend) * 5,372,680 7,314,179 -27
Slide 7: Jim Haden - CEO's Report
For personal use only JIM HADEN CEO’S REPORT SLIDE 7 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023
Slide 8: Delivered Our Most Successful Year
DELIVERED OUR MOST SUCCESSFUL YEAR Delivered record income of A$10.1M ▪ Third consecutive year of top-line income growth For personal use only ▪ 4400% increase in project revenue compensated for the year-over- year reduction in the RnD rebate ▪ Record single customer receipt of $1.93M for non-laser
Slide 9: CLAWS – Core Year Highlights
CLAWS – CORE YEAR HIGHLIGHTS Optimizing light output and operating voltages Capability to ship improved Single mode laser and Semiconductor Optical For personal use only of visible single-mode lasers. performance prototypes to Amplifiers for discrete devices (ex, external Improving manufacturability
Slide 10: MOU with National Security Contractor - Applied Energetics
MOU WITH NATIONAL SECURITY CONTRACTOR - APPLIED ENERGETICS BluGlass and Applied Energetics are partnering to combine highly complementary high-performance solutions and expertise across a wide range of For personal use only emerging technologies • Applied Energetics pioneers next-generation ultrasho
Slide 11: Growing Demand and Market Validation
GROWING DEMAND AND MARKET VALIDATION Manufacturing flexibility BluGlass’ laser offering addresses underserved markets, wavelengths and delivered in flexible form factors. BluGlass’ go-to-market strategy, has been validated For personal use only Dedicated GaN laser supplier A dedicated GaN laser supp
Slide 12: Growing Project Pipeline
GROWING PROJECT PIPELINE BluGlass’ project pipeline is gaining significant momentum with diverse opportunities at various stages of negotiation including: Custom project wins are a For personal use only • Medium and large development opportunities: with defense vital pillar of our commercial primes,
Slide 13: Technical & Operational Progress
For personal use only TECHNICAL ─ OPERATIONAL PROGRESS SLIDE 13 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023
Slide 14: DFB Performance Improvements – World Leading Narrow Linewidth Devices
DFB PERFORMANCE IMPROVEMENTS – WORLD LEADING NARROW LINEWIDTDH DEVICES Demonstrated a EXTENDING DFB DEMONSTRATIONS TO VIOLET 74% increase in power conversion For personal use only efficiency from 2023 to 2024 DFB beam profile measurements Product architecture design iterations enable narrow frequenc
Slide 15: Doubled DFB Side-Mode-Suppression Ratio
DOUBLED DFB SIDE-MODE-SUPPRESSION RATIO BluGlass's latest design iterations demonstrate a world-leading side-mode-suppression ratio (SMSR), which underpins customers' growing interest within For personal use only the quantum, scientific, and biotech industries. DFB Design 1 ▪ SMSR of ~ 20 dB. ▪ The
Slide 16: Improve Market Access: Advantages of Narrow Line-Width DFB Visible Lasers
IMPROVE MARKET ACCESS: ADVANTAGES OF NARROW LINE-WIDTH DFB VISIBLE LASERS • GaN DFB kasers provide key advantages: ▪ Precise wavelength control For personal use only ▪ Narrow linewidth ▪ Higher spectral purity ▪ Low relative intensity noise ▪ Enhanced stability • What does this mean to BLG customers
Slide 17: Improved BLG Device Characterization Capabilities in Nashua
IMPROVED BLG DEVICE CHARACTERIZATION CAPABILITIES IN NASHUA Sample output of a Single- mode diode For personal use only tested on our internal Far- field test system Sample output of a SMSR DFB diode 30 dB tested on our RELIABILITY RACKS internal SMSR BURN-IN RACKS measurement Purchased state-of-the
Slide 18: Insourcing Wafer Fab Update
INSOURCING WAFER FAB UPDATE Progress and Struggles GaNWorks Foundry Integration For personal use only • Multiple single-mode and DFB designs developed • Completed GaNWorks Foundry integration with and tested only a slight year-over-year increase in expenses • Transitioned DFB laser processes inhouse
Slide 19: Market Opportunity
For personal use only MARKET OPPORTUNITY SLIDE 19 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023
Slide 20: GaN DFB Laser Applications
QUANTUM INFORMATION A myriad of applications • Quantum Computing For personal use only BIO- • Precision Atomic and Ion Clocks PHOTONICS • Magnetic and Electric Sensing • next-gen robotics, geophysics, GaN DFB materials science, LASER and medical diagnostics APPLICATIONS RANGING & • Underwater and At
Slide 21: Quantum Opportunity
QUANTUM OPPORTUNITY The quantum sensing market is projected to For personal use only experience explosive growth to reach US$1 $1B $6B billion by 2030 and $6 2030 2040 billion by just 2040, as its advantages both disrupt existing at the same time as forging new markets that rely on sensor technology
Slide 22: The Year Ahead
For personal use only THE YEAR AHEAD SLIDE 22 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023
Slide 23: BluGlass Technology Roadmap
BLUGLASS TECHNOLOGY ROADMAP Launched GaN Products Add Novel Capabilities Establish BLG as Partner of Choice (Core Capabilities) - Sample Distributed Feedback (DFB) For personal use only - BLG positioned for break-out success - Portfolio spanning 405, 420 & 450nm lasers and semiconductor optical as t
Slide 24: What We Intend to Accomplish in the Coming Year
WHAT WE INTEND TO ACCOMPLISH IN THE COMING YEAR BUILD STRATEGIC ADVANCE TECHNOLOGY ENHANCE MANUFACTURING PARTNERSHIPS ROADMAPS & OPERATIONS For personal use only ▪ Advance BluGlass’ alliance with ▪ Advance novel GaN devices inc DFBs ▪ Improve packaging and testing Applied Energetics. Demonstrate and
Slide 25: BluGlass: The World's Leading Pure Play Visible Laser Supplier
BLUGLASS: THE WORLD’S LEADING PURE PLAY VISIBLE LASER SUPPLIER GaN lasers are disrupting the US$25B laser BluGlass is the solution market . For personal use only . • GaN lasers are forecasted to be a US$2.5B segment of the • Full-suite pure-play GaN laser supplier disrupting broader laser market by
Slide 26: Thank-You & Questions
For personal use only Investor Relations: THANK-YOU & QUESTIONS Stefanie Winwood P: +61 2 9334 2300 SLIDE 26 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023 E: admin@bluglass.com
Slide 27: Formal Business
For personal use only FORMAL BUSINESS: SLIDE 27 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023
Slide 28: Resolution – Adoption of Remuneration Report
RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT For personal use only “That, for the purpose of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s Annual Financial Report for the financial yea
Slide 29: Resolution – Re-election of Mr James Walker as Director
For personal use only RESOLUTION 2 – RE-ELECTION OF MR JAMES WALKER AS DIRECTOR “That Mr James Walker, a Director who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rule 14.5, and being eligible offers himself for re-election as a Director of the Company, effective
Slide 30: Resolution – Re-election of Mr Vivek Rao as Director
For personal use only RESOLUTION 3 – RE-ELECTION OF MR VIVEK RAO AS DIRECTOR “That Mr Vivek Rao, a Director who retires by rotation in accordance with the Company’s Constitution and ASX Listing Rule 14.5, and being eligible offers himself for re-election as a Director of the Company, effective immed
Slide 31: Resolution – Appointment of Auditor
For personal use only RESOLUTION 4 – APPOINTMENT OF AUDITOR “That, for the purposes of section 327B(1) of the Corporations Act and for all other purposes, In.Corp Audit & Assurance Pty Ltd, having been nominated by shareholders and consented in writing to act as auditor of the Company, be appointed
Slide 32: Resolution – ASX Listing Rule 7.1 Approval of Future Issue of Securities
RESOLUTION 5 – ASX LISTING RULE 7.1 APPROVAL OF FUTURE ISSUE OF For personal use only SECURITIES “That, for the purposes of ASX Listing Rule 7.1A and for all other purposes, the Shareholders approve the issue of equity securities up to 10% of the issued capital of the Company (at the time of issue)
Slide 33: Investor Relations
For personal use only Investor Relations: Stefanie Winwood P: +61 2 9334 2300 SLIDE 33 BLUGLASS ANNUAL GENERAL MEETING, OCTOBER 2024 2023 E: admin@bluglass.com