Slide 1: BluGlass Investor Presentation
For personal use only MAY 2018 BluGlass Investor Presentation Giles Bourne, Managing Director & CEO BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER This investor presentation (Presentation) has been prepared by BluGlass Limited (ACN 116 825 793) (BluGlass or Company) (ASX:BLG) in relation to the proposed placement of new fully paid ordinary shares in the Company (New Shares) (Offer). By attending an investor pres
Slide 3: Important Notice and Disclaimer (continued)
IMPORTANT NOTICE AND DISCLAIMER Forward looking statements continued Forward-looking statements should not be relied on as an indication or guarantee of future performance and should be considered with caution. No representation, warranty or undertaking is made that any projection, For personal use
Slide 4: BluGlass Overview & Progress Update
For personal use only BLUGLASS OVERVIEW & PROGRESS UPDATE BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017 —4—
Slide 5: BluGlass Vision
BLUGLASS VISION Accelerate the commercial opportunities for the use of Remote Plasma Chemical Vapour Deposition (RPCVD) For personal use only technology in the manufacture of high-performance devices, including high brightness (HB)-LEDs, microLEDs and power electronics OUR OUR VISION OBJECTIVE BluGl
Slide 6: RPCVD Platform Technology: Market Opportunities
RPCVD PLATFORM TECHNOLOGY: MARKET OPPORTUNITIES BluGlass has a diversified development strategy designed to address opportunities in a number of For personal use only high-performance device categories POWER HB-LED microLED ELECTRONICS Consumer electronics General Lighting Mobile devices Power suppl
Slide 7: Industry Perspective - Key Industry Innovation Requirements
INDUSTRY PERSPECTIVE - KEY INDUSTRY INNOVATION REQUIREMENTS Competitiveness in the HB-LED industry is largely driven by efficiency (light-output) and manufacturing costs. For personal use only Efficiency improvements can also lower cost. BluGlass’ unique low-temperature RPCVD OSRAM states that an im
Slide 8: Industry Challenge: Challenges with Incumbent MOCVD Technology
INDUSTRY CHALLENGE: THE CHALLENGES WITH INCUMBENT MOCVD TECHNOLOGY MOCVD (Metal Organic Chemical Vapour Deposition) – The Industry Incumbent Technology For personal use only CHALLENGES MOCVD High temperature processes limits performance of the critical regions of the LED, microLED and power electron
Slide 9: The RPCVD Solution: Lower Temperature, Higher Performance
THE RPCVD SOLUTION: LOWER TEMPERATURE, HIGHER PERFORMANCE RPCVD (Remote Plasma Chemical Vapour Deposition) – The Breakthrough Alternative For personal use only OUR SOLUTION RPCVD Lower temperature manufacturing processes Lower cost inputs Higher performing devices Environmentally friendlier & more-s
Slide 10: Market Strategy: Diverse Collaboration Agreements
MARKET STRATEGY: DIVERSE COLLABORATION AGREEMENTS Established collaboration agreements with industry leaders across multiple market segments in HB-LED, microLED For personal use only and power electronics applications and segments GAIN INDUSTRY ACCEPTANCE ● Demonstrate applications in key segments ●
Slide 11: Collaboration Map: Industry Led Development of RPCVD
COLLABORATION MAP: INDUSTRY LED DEVELOPMENT OF RPCVD, MAXIMUM DIVERSITY APPLICATIONS ACTIVITY STATUS For personal use only Targeting improved LED efficiency and Phase II extended and LED application lower cost benefits of RPCVD development expedited RPCVD Equipment for multiple Lower temperature man
Slide 12: The Year Ahead
THE YEAR AHEAD For personal use only Complete industry evaluations and commence commercial discussions with new partners Continue activities to scale operations for commercialisation and new customers: new facilities, implement RPCVD on commercial scale Generate and protect more IP Achieve commercia
Slide 13: EpiBlu: Specialist Custom Epitaxy & Contract R&D Services
EPIBLU: SPECIALIST CUSTOM EPITAXY & CONTRACT R&D SERVICES BluGlass’ service business, EpiBlu, provides custom epitaxy and contract R&D services to the For personal use only nitrides industry. New global VP Business Development appointed April 2018 APPLICATIONS Revenue Generating business Growing cus
Slide 14: Transaction Overview
For personal use only TRANSACTION OVERVIEW BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017
Slide 15: Capital Raising: Equity Raise Summary
CAPITAL RAISING: EQUITY RAISE SUMMARY ● Capital raising of up to A$14.2 million consisting of: For personal use only ○ An institutional Placement to raise A$9.2 million. The Placement was conducted to institutional and OFFER SIZE AND professional investors in select jurisdictions STRUCTURE ○ A share
Slide 16: Use of Proceeds
USE OF PROCEEDS Objective of capital raising: For personal use only ● to provide sufficient capital to accelerate existing collaboration agreements ● demonstrate applications with equipment manufacturers ● additional resources to capitalise on new collaborations and market opportunities ITEM SUM STA
Slide 17: Use of Proceeds
USE OF PROCEEDS Objective of capital raising: For personal use only ● to provide sufficient capital to accelerate existing collaboration agreements ● demonstrate applications with equipment manufacturers ● additional resources to capitalise on new collaborations and market opportunities ITEM SUM STA
Slide 18: Capital Raising: Equity Raise Timetable
CAPITAL RAISING: EQUITY RAISE TIMETABLE INSTITUTIONAL PLACEMENT DATE For personal use only ● Trading Halt (pre-market open) Thursday, 17 May 2018 ● Bookbuild opens Thursday,17 May 2018 ● ASX Announcement of Offer completion, investor presentation lodged Monday, 21 May 2018 ● Trading Halt lifted (pre
Slide 19: Senior Management, Board & Key Milestones Delivered
For personal use only SENIOR MANAGEMENT, BOARD & KEY MILESTONES DELIVERED BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017 — 19 —
Slide 20: Key Milestones Delivered
KEY MILESTONES DELIVERED BluGlass continues to deliver technology breakthroughs, towards bringing RPCVD towards commercialisation For personal use only OCT 2016 NOV 2016 JUL 2017 SEP 2017 NOV 2017 MAR 2018 Lumileds & BluGlass Enter Enters into Exclusive James Walker joins the Upgraded BLG-300 meets
Slide 21: Corporate Overview: Senior Team
CORPORATE OVERVIEW: SENIOR TEAM For personal use only GILES BOURNE DR. IAN MANN DR. MARIE BRAD SISKAVICH STEFANIE WINWOOD Managing Director & Chief Chief Operations & WINTREBERT Vice President of Business Investor Relations and Executive Officer Technology Officer Chief Scientist Development Marketi
Slide 22: Corporate Overview: Board Renewal in 2018
CORPORATE OVERVIEW: BOARD RENEWAL IN 2018 Renewal of board commenced March 2018 to position BluGlass for next phase of growth. Expected to complete this For personal use only process May-June 2018. Expertise being added to board include capital markets, licensing, commercialisation, corporate govern
Slide 23: Corporate Overview: Board
CORPORATE OVERVIEW: BOARD For personal use only WILLIAM GILES CHANDRA VIVEK JAMES JOHNSON BOURNE KANTAMNENI RAO WALKER Chairman Managing Director & CEO Non-Executive Director Non-Executive Director Non-Executive Director Appointed to Chair in Appointed to Board in 2014, Appointed in 2006. Appointed
Slide 24: Key Risks (Specific)
KEY RISKS (SPECIFIC) BluGlass operates in the semiconductor industry, is in the development phase and has not yet commercialised its operations. Any investment in such a development company is considered high-risk. For personal use only Set out below is a summary of the potential material risks asso
Slide 25: Key Risks (Specific)
KEY RISKS (SPECIFIC) Technology rights / patents: Securing rights to the RPCVD and other technologies of the Company, and in particular, patents, is an integral part of securing For personal use only potential product value in the outcomes of semiconductor research and development. Competition in re
Slide 26: Key Risks (Specific)
KEY RISKS (SPECIFIC) Research and development (continued): There are many risks inherent in the development of technology products, particularly where the products are in the early stages of development. Projects can be delayed or fail to demonstrate any benefit, or research may cease to be viable f
Slide 27: Key Risks (General)
KEY RISKS (GENERAL) GENERAL RISKS For personal use only Regulatory: The introduction of new legislation or amendments to existing legislation by governments, developments in existing common law or the respective interpretation of the legal requirements in any of the legal jurisdictions that govern t
Slide 28: Key Risks (General)
KEY RISKS (GENERAL) Competition: There is a risk that the Company will not be able to continue to compete profitably in the competitive industry in which it intends to operate. The potential exists for the nature and extent of the competition to change rapidly, which may cause loss to the Company. F
Slide 29: Offering Restrictions
OFFERING RESTRICTIONS Australia For personal use only This Presentation is not a prospectus, product disclosure statement or other offering document under the Corporations Act or any other Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other
Slide 30: Offering Restrictions
OFFERING RESTRICTIONS Singapore For personal use only This document has not been and will not be, lodged or registered as a prospectus with the Monetary Authority of Singapore, and statutory liability under the Securities and Futures Act, Chapter 289 of Singapore (the SFA) in relation to the content
Slide 31: Offering Restrictions
OFFERING RESTRICTIONS United Kingdom For personal use only For recipients in the UK the content of this Presentation has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (FSMA) for the purposes of section 21 FSMA. Neither the information in
Slide 32: Thank You
For personal use only THANK YOU bluglass.com.au BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017
Slide 33: Appendix
For personal use only APPENDIX BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017 — 33 —
Slide 34: BluGlass Virtual Tour
BLUGLASS VIRTUAL TOUR For personal use only Plasma nitrogen source, provides low temperature manufacturing process Low temperature process RPCVD can produce has potential for performance high quality improvement of active layers crystalline material, in devices such as LEDs with low defect density L
Slide 35: RPCVD for LEDs: Demonstrated Performance Improvement
RPCVD FOR LEDs: DEMONSTRATED PERFORMANCE IMPROVEMENT RPCVD FOR LEDs 2017 GREEN LED DATA For personal use only 1.3 3.3 6.2 Demonstrated advantage: 3.1 3.7 4.6 Demonstrated +35% performance improvement with RPCVD p-GaN for green LEDs** 514 511 508 28 31 33 Increased LED efficiency may be achieved by 1
Slide 36: RPCVD for microLEDs
RPCVD FOR MICROLEDs EL SPECTRA OF LEDs GROWN USING RPCVD MQWS For personal use only RPCVD FOR microLEDs Normalized Intensity Low temperature growth of the active layer and top layers of an LED may enable indium rich InGaN (the key performance material in the ‘active’ layers) RPCVD’s inherently low g
Slide 37: RPCVD for Power Electronics
RPCVD FOR POWER ELECTRONICS RPCVD MOCVD For personal use only Mg DIFFUSION RPCVD FOR POWER ELECTRONICS p-GaN p-GaN Mg Diffusion into AlGaN - SIMS 11 nm 49 nm Mg Diffusion and Turn on - SIMS 16 nm 18.5 nm Low temperature RPCVD p-GaN enables reduced magnesium diffusion in high Total Mg Diffusion Width
Slide 38: End Markets LED
END MARKETS LED For personal use only 10.4% The LED market is expected to experience CAGR of 10.4% through to 2025 $63.2B LED revenues are expected to reach $63.2 billion by 2025 Source: Research and Markets Report Global Light-Emitting Diodes (LED) Market Analysis & Trends - Industry Forecast to 20
Slide 39: End Markets microLEDs
END MARKETS MICROLEDs Market forecasts for microLED growth vary, but future growth seems assured, and rapid For personal use only US$19.2B Multiple sources predict a market growth of 53-54% CAGR to 2025 Source: marketsandmarkets.com, microLED market by offering, April 2017 BLUGLASS LIMITED BLUGLASS
Slide 40: End Markets Power Electronics
END MARKETS POWER ELECTRONICS The Power Electronics markets also presents a growing opportunity for the RPCVD technology For personal use only The combined GaN and SiC power electronics market will grow with a US$1.7B CAGR of 35% The GaN power from 2017-2027 electronics market is expected to reach $
Slide 41: Notes
NOTES For personal use only BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017 — 41 —
Slide 42: Notes
NOTES For personal use only BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017 — 42 —
Slide 43: Notes
NOTES For personal use only BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017 — 43 —
Slide 44: Notes
NOTES For personal use only bluglass.com.au BLUGLASS LIMITED BLUGLASS LIMITEDINVESTOR ANNUAL GENERAL MEETING2018 PRESENTATION 2017 — 44 —