Slide 1: The World's First Clean Lead Recycling Company: 2016 Q3 Earnings Call
Dr. Steve Clarke, CEO November 7 th 2016 The World’s First Clean Lead Recycling Company 2016 Q3 Earnings Call NASDAQ: AQMS
Slide 2: Safe Harbor
Safe Harbor NASDAQ: AQMS This document contains forward - looking statements concerning Aqua Metals, Inc., the lead - acid battery recycling industry, the intended benefits of its agreements with Interstate Batteries, the Company’s pursuit of debt financing options, the future of lead - acid battery
Slide 3: Aqua Metals is proving it has the potential to change the $22 billion lead market
Aqua Metals is proving it has the potential to change the $22billion lead market • Our first facility has the capacity to produce >120T/day of lead not 80T/day – One AquaRefining module commissioned, 5 being commissioned, more to come – Plan to sell pure lead in Q4 and to use short term intermediate
Slide 4: Lead still dominates global battery production and is continuing to grow
LAB 96% Li - ion 4% Lead acid batteries dominate the storage market ( GWh /year) LAB Li-ion NiMH Other • LABs are the world’s most recycled consumer product, at 100% recycled • Conventional recycling is expensive, polluting and does not produce ultra - pure lead • Primary lead mines, the main source
Slide 5: AquaRefining uses less energy, eliminates waste and toxic emissions
AquaRefining uses less energy, eliminates waste and toxic emissions NASDAQ: AQMS 5 • Only the lead compounds are converted back into lead • High value lead alloys recovered at source and converted directly into ingots • Much less energy required • No opportunity for fugitive emissions • Reduced perm
Slide 6: Our first facility at TRIC has a capacity of >120T/day
Our first facility at TRIC has a capacity of >120T/day not 80T/day • Additional capacity through process improvements and short - term products • Started building high purity brand – Assayed at 99.99% – Providing samples to battery manufacturers • AquaRefining is not subject to NESHAP (the mandated
Slide 7: Commissioning Module
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Slide 8: Self cleaning rotating cathodes
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Slide 9: Without heat
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Slide 10: Lead recovered continuously
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Slide 11: Aqua Metals
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Slide 12: Ultra pure lead
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Slide 13: Business Expansion: Expand our own capacity and initiate licensing
• TRIC – Increase our projected capacity for TRIC from 120T/day to 160T/day – Establish “Aqua” branded premium high purity lead • Additional North American AquaRefineries – Discussions on non - diluting funding for up to 800T/day progressing well – We have started visiting potential sites for our se
Slide 14: Our opportunity is a global market of ≈ $22 billion
Our opportunity is a global market of ≈ $22 billion NASDAQ: AQMS Capacity (tonnes/day) AquaRefining Modules % World lead production Potential annual revenue TRIC AquaRefinery 120 - 160 32 0.2% $100 - 120mm/year 5 AquaRefineries 800 160 2.1% $500 - 600mm/year Global lead market 38,000 7,500 100% $22b
Slide 15: Financials
Financials • Capex spend for year to date 2016 - $23.4M • Net Loss Year to Date $(8.6)M • Outstanding common shares on September 30, 2016 – 15,578,725 Q3 2016 Q3 2015 Operating Loss $(3.3M) $(1.3M) Net Loss $(3.5M) $(2.1M) Loss Per Share $(0.23) $(0.19) Cash @ September 30 , 2016 $16.2M Cash @ Decem
Slide 16: Key Takeaways
Key Takeaways • After less than 18 months, our 1 st recycling facility (TRIC) is starting to run! – 120T/day installed capacity exceeds 80T/day planned capacity by 50% – First lead samples assayed at 99.99% confirming our ability to produce premium lead – Potential customers and licensees recognize
Slide 17: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Greg Falesnik Senior Vice President 1 - 949 - 385 - 6449 Greg.Falesnik@mzgroup.us www.AquaMetals.com NASDAQ: AQMS