Bluglass Ltd · ASX:BLG
Bluglass — Australian Semiconductor Conference (Pitt Street Research) 2019
32 slides from Bluglass's conference presentation, May 16, 2019
Slide 1: BluGlass at the Australian Semiconductor Conference
BLUGLASS (ASX:BLG) For personal use only Pitt Street Research Australian Semiconductor Conference 16 May 2019
Slide 2: Forward
FORWARD For personal use only This document has been prepared by BluGlass Limited to provide readers with an update of the Company and the Company’s technology. Any statements, opinions, technical data and information or other material contained in this document do not constitute commitments, repres
Slide 3: BluGlass Overview
For personal use only BLUGLASS OVERVIEW
Slide 4: Corporate Overview
CORPORATE OVERVIEW BluGlass is commercialising a platform semiconductor technology with multiple high growth markets and several go-to-market options For personal use only BREAKTHROUGH EXPERT SCIENTIFIC AUSTRALIAN TEAM & STATE-OF-THE- MULTIPLE HIGH TECHNOLOGY POISED STRONG IP ART FACILITY GROWTH END
Slide 5: High-Growth Market Opportunities
HIGH-GROWTH MARKET OPPORTUNITIES For personal use only Global LED Lamps Market Global microLED Market GaN power electronics market 2024 2025 2021 CAGR of CAGR of 80+% CAGR of 15.2+% to to 80.1% to US US $50.27B US $20.5B $270M 2018 2019 2017 Source: Allied Market Research Source: Yole Developpement,
Slide 6: Company Timeline
COMPANY TIMELINE BluGlass has developed, protected and matured the RPCVD technology and is now working towards delivering significant commercial outcomes For personal use only Fundamental Research Phase Industry Collaboration & Development Phase Commercialisation Phase ESTABLISHMENT STRATEGIC PARTNE
Slide 7: Intellectual Property Update
INTELLECTUAL PROPERTY UPDATE • Our Intellectual Property portfolio is a critical foundation for our future commercial success and underpins our licensing-based business model For personal use only • During the year we made significant investments to further expand and strengthen our portfolio • In 2
Slide 8: Financial Summary
FINANCIAL SUMMARY For personal use only REVENUE BURN RATE/MONTH R&D TAX REBATE CASH POSITION $8,713,724 $2,040,000 $1,987,000* $871,000 $6,628,098 $685,000 $534,000* $466,000 2017 2018 2017 2018 2017 2018 Q3 2018 Q3 2019 *Burn rate increased in 2018 due to additional IP *2019 R&D tax rebate is expec
Slide 9: Corporate Overview: Key People
CORPORATE OVERVIEW: KEY PEOPLE For personal use only GILES BOURNE DR IAN MANN BRAD SISKAVICH STEFANIE WINWOOD IZZAT SHADID Managing Director & Chief Chief Operations & Vice President of Business Corporate Communications & Financial Controller Executive Officer Technology Officer Development Investor
Slide 10: Corporate Overview: Board of Directors
CORPORATE OVERVIEW: BOARD OF DIRECTORS For personal use only WILLIAM JOHNSON Appointed to Chair in 2017, Board in 2010. Deep global industry experience in the high-technology Chairman and semiconductor manufacturing sectors, covering M&A, operations. Former President & CEO, SPTS Technologies. GILES
Slide 11: The BluGlass RPCVD Technology
For personal use only THE BLUGLASS RPCVD TECHNOLOGY
Slide 12: The Technology
THE TECHNOLOGY BluGlass is developing process and hardware Intellectual Property and provides revenue generating specialised services to the photonics industry For personal use only 12 16 May 2019 BLUGLASS INVESTOR PRESENTATION
Slide 13: BluGlass RPCVD Technology
BLUGLASS RPCVD TECHNOLOGY For personal use only RPCVD (Remote Plasma Chemical Vapour Deposition) – A Breakthrough Alternative for the Manufacture of Semiconductor Materials Lower-temperature manufacturing processes, several hundred degrees cooler than the incumbent, MOCVD Higher-performing devices,
Slide 14: Targeting a Performance Improvement of Greater Than 10%
TARGETING A PERFORMANCE IMPROVEMENT OF GREATER THAN 10% For personal use only LED industry competitiveness, market share and product innovation BluGlass, with its recent RPCVD breakthrough in tunnel junctions is largely driven by improving light performance (lumens) per dollar for cascade LEDs, is t
Slide 15: Addressing One of the Biggest LED Industry Challenges
ADDRESSING ONE OF THE BIGGEST LED INDUSTRY CHALLENGES For personal use only Efficiency droop is a major issue for High Brightness LED applications Peak Efficiency Desired driving current for peak EQE LED EFFECIENCY Actual Driving Current needed to achieve High Brightness RPCVD ‘Active as-grown’ (AAG
Slide 16: X-Celeprint Manufactures Active Matrix microLED Display with RPCVD
X-CELEPRINT MANUFACTURES ACTIVE MATRIX MICROLED DISPLAY WITH RPCVD For personal use only BluGlass’ foundry customer X-Celeprint deploys RPCVD to deliver active matrix microLED display prototype (pictured), showing good colour uniformity, quantum efficiency and forward voltage, equalling existing hig
Slide 17: BluGlass Addressable Markets
For personal use only BLUGLASS ADDRESSABLE MARKETS
Slide 18: BluGlass' Addressable Market for RPCVD Tunnel Junctions
BLUGLASS’ ADDRESSABLE MARKET FOR RPCVD TUNNEL JUNCTIONS For personal use only • The global addressable LED market (packaged LEDs) was Lighting worth US$16.7 billion in 2018 • 60% of this revenue comes from the top 10 Automotive manufacturers (in order): 7% Signs 1. Nichia 10% 2. Osram Display/backli
Slide 19: BluGlass' Target Market for RPCVD Tunnel Junctions
BLUGLASS’ TARGET MARKET FOR RPCVD TUNNEL JUNCTIONS For personal use only SOM Lighting and Automotive LED Market Segment BluGlass SAM Market Subset BluGlass’ Target • BluGlass’ target market for RPCVD tunnel junction royalty licence revenue is the High Power market segment of our target markets which
Slide 20: epiblu – Revenue Generating Strategic Business
EPIBLU – REVENUE GENERATING STRATEGIC BUSINESS For personal use only Revenue Generating Service Arm Key Market Opportunities epiblu will leverage include: Enables BluGlass to expand our library High Power LEDs (General of technology capability Lighting & Automotive) STRATEGIC VALUE OF EPIBLU Opens n
Slide 21: Summary and Outlook
For personal use only OUTLOOK SUMMARY AND
Slide 22: Summary
SUMMARY For personal use only Since listing, BluGlass has focused on: establishing, proving, developing and de-risking our patented RPCVD technology collaborating with industry leaders across multiple market segments in HB-LED, microLED and power electronics applications and segments demonstrating a
Slide 23: Key Future Milestones
KEY FUTURE MILESTONES For personal use only Continue to advance and market our Tunnel Junction capabilities: - Development of low-forward-voltage tunnel junction - Demonstration of full cascade LED Enter new collaboration and evaluation agreements Deliver facility upgrade and commission the with hig
Slide 24: Paths to Market for RPCVD
PATHS TO MARKET FOR RPCVD RPCVD IP Portfolio BluGlass will generate RPCVD revenues through For personal use only a combination of the following: HB-LED (green, blue) CONTINUING EXPANSION OF IP ACROSS SEGMENTS RPCVD epiblu RPCVD microLED (RGB) equipment foundry sales through (wafer) sales equipment p
Slide 25: How BluGlass Addresses the Market
HOW BLUGLASS ADDRESSES THE MARKET BluGlass will target business opportunities in the global photonics industries as follows: For personal use only • Large opportunity: potential to • Higher margin, lower volume opportunity negotiate multiple licensing RPCVD Licence agreements with a range of terms e
Slide 26: Competitive Advantages of RPCVD
For personal use only COMPETITIVE ADVANTAGES OF RPCVD
Slide 27: Technology Breakthrough – RPCVD Tunnel Junctions
TECHNOLOGY BREAKTHROUGH – RPCVD TUNNEL JUNCTIONS For personal use only BluGlass has demonstrated successful RPCVD tunnel junctions which can enable cascade LEDs • A cascade LED is a device where two or more LEDs are grown in a continuous vertical stack using a tunnel junction to interconnect multipl
Slide 28: RPCVD for Tunnel Junctions
RPCVD FOR TUNNEL JUNCTIONS Standard n++ GaN/p++ GaN Tunnel Junction Requirements: For personal use only Buried activated p-GaN (difficult to achieve with MOCVD without additional costly fabrication steps) High doping capability for both p++ GaN and n++ GaN Sharp Mg dopant profile at tunnel junction
Slide 29: RPCVD for Tunnel Junctions
RPCVD FOR TUNNEL JUNCTIONS For personal use only BluGlass has shown working RPCVD tunnel junction LEDs with improved light output, however we need to reduce the voltage further for commercial LED applications LED PROCESSING DETAILS EL (packaged) data at 26 A/cm2 Structure • ITO thickness: 100 nm on
Slide 30: microLED & Other LED Applications
MICROLED & OTHER LED APPLICATIONS For personal use only BluGlass continues to improve performance of its longer wavelength LEDs – critical for RGB microLED demonstrations for customers • Low temperature RPCVD p-GaN has significant potential to improve device performance in long wavelength LEDs – by
Slide 31: Summary: Investment Highlights
SUMMARY: INVESTMENT HIGHLIGHTS For personal use only BluGlass’ patented RPCVD semiconductor manufacturing technology has demonstrated R&D results, showing competitive advantages with potential application in multiple high-growth LED market segments: High-brightness and general LED Automotive microLE
Slide 32: Thank You
For personal use only THANK YOU Giles Bourne, Managing Director BluGlass Limited (ASX:BLG) admin@bluglass.com.au www.bluglass.com.au
BluGlass — Australian Semiconductor Conference (Pitt Street Research) 2019 on 6ix