Slide 1: Helping make better batteries
For personal use only helping make better batteries …improving phones, laptops, cordless equipment, electric cars and renewable energy storage Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 1
Slide 2: Company Presentation – Agenda
COMPANY PRESENTATION For personal use only Investor Meetings – 18 to 21 July 2017 Australia AGENDA • About NOVONIX • Introduce the executive leadership team • Corporate update from MD (Philip St Baker) • NOVONIX Battery Testing Services Inc update from CEO (Dr Chris Burns) • PUREgraphite update from
Slide 3: About NOVONIX (ASX: NVX)
For personal use only ABOUT NOVONIX (ASX: NVX) • Established Brand in Lithium-ion Battery Industry NOVONIX Limited (ASX: NVX) is a developer and supplier of high performance materials, equipment and services for the global lithium-ion battery industry and has sales in over a dozen countries • Bluech
Slide 4: Two operating businesses in North America
For personal use only two operating businesses in North America • LEADING BATTERY TESTING • USA BASED DEVELOPER OF HIGH EQUIPMENT AND SERVICES PERFORMANCE GRAPHITE ANODE COMPANY BASED IN CANADA MATERIAL FOR THE LITHIUM ION WITH SALES IN 12 COUNTRIES BATTERY MARKET • ESTABLISHED IN 2013 • ESTABLISHED
Slide 5: Customer locations for battery testing equipment and services
For personal use only Customer locations for our battery testing equipment and services Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 5
Slide 6: Executive Team
Executive Team For personal use only Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 6
Slide 7: Board
Board For personal use only Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 7
Slide 8: How much anode material is inside?
HOW MUCH ANODE MATERIAL IS INSIDE ? For personal use only CYLINDRICAL ANODE MATERIAL BATTERY CELLS APPLICATIONS ~ 10kg ~ US $100 ~1,000 cells HOME STORAGE (~20% of battery cell weight) (18650 size) 13.5 kWh (Ave home use 20 kWh/day) ~ 70kg ~ US $700 ~7,000 cells ELECTRIC VEHICLE (18650 size) 80 kWh
Slide 9: 6X growth in lithium-ion megafactories by 2020
6X growth in Lithium-ion megafactories by 2020 – Source: BENCHMARK For personal use only Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 9
Slide 10: Source: Bloomberg New Energy Finance
For personal use only Source: Bloomberg New Energy Finance Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 10
Slide 11: Battery & Electric Vehicle Announcements
For personal use only BATTERY & ELECTRIC VEHICLE ANNOUNCEMENTS • 28 April - Volkswagen CEO Matthias Muller announced plans to build 2-3 million EV’s pa by 2025 and invest >$10 billion in EV’s & 30 different EV models over 5 years • 5 July - Volvo Cars Chief Executive Håkan Samuelsson announced that
Slide 12: The Rise of Electric Cars
The Rise of Electric Cars – Source: Bloomberg New Energy Finance For personal use only By 2022 electric vehicles will cost the same as their internal combustion counterparts. That’s the point of liftoff for sales. (Note: Current annual total global vehicle sales is approximately 100 million vehicles
Slide 13: For personal use only
For personal use only Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 13
Slide 14: Tesla Model Equivalents
= 483,000 TESLA Model 3 Equivalents For personal use only = 3.9m TESLA Model 3 Equivalents Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 14
Slide 15: For personal use only
For personal use only Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 15
Slide 16: Battery Testing Services Inc.
For personal use only Battery Testing Services Inc. • NOVONIX Battery Testing Services Inc., was spun out of Dr Jeff Dahn’s lab at Dalhousie University (DAL) in 2013 • We manufacture the highest accuracy battery cell test equipment in the world used by leading battery makers, manufacturers and resea
Slide 17: Battery Testing Services Inc. – coulombic efficiency
For personal use only Battery Testing Services Inc. Precise measurements of High Voltage LiCoO2 Control 1 the coulombic efficiency 1% VC Fractional Capacity 2% VC 1 2% VC and 0.5% DS 0.96 (CE) can predict the lifetime 0.5% DS of cells with different CE 0.92 failure modes including 0.996 those that s
Slide 18: Battery testing equipment and services customers
For personal use only Battery testing equipment and services customers For confidentiality reasons there are a number of major global automakers, battery makers, medical device and electronics companies that are customers but cannot be represented. Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 18
Slide 19: Battery Testing Services Inc. – Current Priorities
For personal use only Battery Testing Services Inc. Current Priorities / Work Streams / Progress • Expanding equipment manufacturing capacity to meet increasing demand • Marketing of new range of products to customer base • Expanding the battery materials services side of the business • Expanding th
Slide 20: PUREgraphite joint venture
For personal use only • USA based Joint venture between NOVONIX and Coulometrics est in 2017 • Focused on production of graphite anode materials for lithium-ion batteries promoting: • Lower Cost • Sustainability • Longer Life • Security • Higher Charge Rate • Safety Dr Ed Buiel - CEO Tuesday, 18 Jul
Slide 21: Intellectual Property
Intellectual Property For personal use only • PUREgraphite is commercialising intellectual property and trade secrets developed by Coulometrics and its founder Dr Edward Buiel over more than two decades and including the development of proprietary particle coating technology and spherical graphite p
Slide 22: Improvements in lithium-ion battery performance and manufacturing
Improvements in lithium-ion battery For personal use only performance and manufacturing • Most recent improvements in lithium- ion batteries has come from improvements in the cathode, electrolyte, separator and manufacturing • The anode has been overlooked and now presents a key area for further imp
Slide 23: Sourcing Artificial and Natural Graphite
For personal use only Sourcing Artificial and Natural Graphite Precursor Materials In-house Knowledge of Artificial and Natural Graphite Sources • PUREgraphite is sourcing artificial and natural graphite concentrates from existing producers in the global market • We have experience electrochemically
Slide 24: Update and Next Steps
For personal use only Update and Next Steps • Working with our PUREgraphite joint venture in the USA to develop high grade anode materials from our concentrate for blending into finished products This includes milling, shaping, purification, coating blending, making of slurries, electrode coating an
Slide 25: All of the critical core competencies for success
All of the critical core competencies For personal use only for success… Material Development Slurry HPC Testing Formulation Electrode Cell Assembly Coating Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 25
Slide 26: Electrode Coating
Electrode Coating For personal use only Pilot Scale Coating Production Scale Coating Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 26
Slide 27: Calendering and Assembly
Calendering and Assembly For personal use only Electrode Roll Pressing Cell Winding Tuesday, 18 July 2017 NOVONIX Limited (ASX:NVX) 27
Slide 28: HPC Testing results
For personal use only HPC Testing results • TESLA Cells 2013 Model S = 2.4x10-5 CIE/h • PUREgraphite Anode = 1.6-1.9x10-5 CIE/h • Others Graphite = 5.0-6.0x10-5 CIE/h Cells made with PUREgraphite anode exhibit significantly higher coulombic efficiency compared to those from a 2013 TESLA Model S (TES
Slide 29: Different ways to make battery anode materials
Different ways to make battery anode materials For personal use only Conventional with natural graphite Conventional with artificial graphite • Spheronization • Typically inefficient high Spheronizing typically has losses Ground emission Acheson-type of 40% to 70% Needle Coke furnace technology • Lo
Slide 30: Our process – very different
Our process – very different For personal use only Higher performance – lower cost – lower emissions Proprietary • Proprietary blends of artificial and natural blends of graphite specific to customer applications artificial & natural • Integrated high efficiency, high throughput and high consistency
Slide 31: Pathway to Production / Progress
For personal use only Pathway to Production / Progress • Modify & upgrade existing facilities to accommodate production • Process equipment assessment and selection, order of long lead items, manufacturing QA, installation commissioning • Ongoing production process technology development and refinem
Slide 32: Short Term Milestones / Goals
For personal use only Short Term Milestones / Goals • Jet Mill, Shaping Mill and Air System delivered and being installed • Coating and purification equipment ordered and under manufacture • Commissioning by end of 2017 and target 1,000 tpa capacity by end FY • Large scale production sites under inv
Slide 33: Capital Structure
For personal use only Capital Structure: Number (m) % (fully diluted) Board, and management – ordinary shares 45.767 34.40% Board and management – options and rights 16.288 12.24% Remaining loan notes (assuming all convert) 16.837 12.65% Other shareholders – ordinary shares 54.170 40.71% 133.006 100
Slide 34: Operations and corporate office contacts
For personal use only Operations - USA Operations - Canada Corporate office PUREgraphite NOVONIX Battery Testing Services Inc Brisbane, Australia BATTERY MATERIALS DEVELOPMENT FACILITY LOCATED WITHIN THE INNOVACORP TECHNOLOGY Contact: Philip St Baker LOCATED AT COULOMETRICS INNOVATION CENTRE Email: