Novonix Ltd · ASX:NVX
Novonix — Investor Presentation (September 2024)
32 slides from Novonix's investor presentation, Sep 11, 2024
Slide 1: Investor Presentation, September 2024
EXHIBIT 99.2 NOVONDS. » Set for Growth westor Presentation, September 2024
Slide 2: Important Notice and Disclaimers
Important Notice and Disclaimers ‘The information contained in this presentation {the “Presentation”} has been prepared by NOVONIX Limited (ACN 157 630 830) (“the Company” or “NOVONIX") solely for information purposes and the Company is solely responsible for the contents of this Presentation. It in
Slide 3: Providing Revolutionary Solutions to the Battery Industry
Providing Revolutionary Solutions to the Battery Industry Investment Highlights Leading U.S. based battery materials and technology ¢ company with lower carbon footprint (\\ ™ Large and growing market for battery materials supported 7 by localization efforts manufacturing and all-dry, zero-waste NMC
Slide 4: NOVONIX business overview
—NOVONIDA. Leading domestic supplier of battery-grade synthetic graphite Large scale and sustainable production to advance North American battery supply chain Strategically positioned to accelerate clean energy transition through proprietary technology, advanced R&D and partnerships NOVONIDS. BATTER
Slide 5: Proprietary Process Technologies Lead the Clean Energy Transformation
Proprietary Process Technologies Lead the Clean Energy Transformation VONIX ESG Commitmen \ od > Environmental Our mission is to develop innovative, sustainable technologies and high-performance materials to service the electric vehicle and energy storage industries Social The health, safety, and we
Slide 6: 2024 Focus Items - Set For Growth
2024 Focus Items - Set For Growth Maintain Industry Leading R&D Efforts for Battery Materials Scale Operations — On Track to Deliver Commercial Production Secure Tier 1 Customers Secure Financing to Scale Operations NOVONID. VvVvv Vv Enhance BTS offerings for additional revenue and services Test hig
Slide 7: Slide 7
Slide 8: NOVONIX is at the Forefront of Battery Technology
NOVONIX is at the Forefront of Battery Technology Enables Quick Reliable Predictions of Battery Lifetime Materials Development Cell Design and and Characterization Prototyping Cell Testing UHPC Analytical Pouch and cylindrical cell Diagnostic tools and materials lab manufacturing pilot line performa
Slide 9: Slide 9
Slide 10: Patented Cathode Synthesis Provides Clean and Simple Process
Patented Cathode Synthesis Provides Clean and Simple Process Opportunity Overview = In 2024 the global cathode market size value estimated at US$27B, with a forecasted revenue of >US$100B by 20301 = Nickel-based cathode material represents about 30-50% of the cost of a battery cell = Current synthes
Slide 11: Cathode Synthesis: Engineering Scoping Study Results
Cathode Synthesis: Engineering Scoping Study Results NOVONIX engaged Hatch to provide a ‘Process Comparison Study’ by contrasting the NOVONIX All-Dry, Zero-Waste Cathode Synthesis Process against conventional cathode synthesis for comparative costs and environmental details Capital Intensity Lowered
Slide 12: NMC622 Cathode Cycling Performance Competitive with Commercial Materials
NMC622 Cathode Cycling Performance Competitive with Commercial Materials Normalized electrochemical results in 1Ah pouch cell show that surface-coated NOVONIX NMC622 has comparable electrochemical performance to commercial NMC materials NOVONIX Cathode Commercial Cathode 1 Commercial Cathode 2 Comme
Slide 13: Slide 13
Slide 14: NOVONIX is Localizing the Synthetic Graphite Supply Chain
NOVONIX is Localizing the Synthetic Graphite Supply Chain NOVONIX Anode Material Progress & Advantages Strategic Relationships Domestic Supply Ss Producing high-performance synthetic graphite materials sustainably for local supply of Tier 1 battery and OEM customers High Performance we Our products
Slide 15: Battery Demand Remains Robust (GWh)
Battery Remains Robust (GWh) +38% CAGR Ess Various OEMS Toyota = Volkswagen = BMW ™ Stellantis m Honda Ford =GM mTesla 150 = Other 2023 2025 Market is estimating ~10% North American growth in 2024. Some OEMs and cell manufacturers have slowed plans, but new entrants have increased overall demand Gov
Slide 16: Production Capacity to Benefit From Expected North America Customer Demand
NOVONIX Production Capacity will Benefit From the Expected Significant North America Customer Demand North American Graphite Shortfall, Ex-China (K tpa)* NOVONIX Anode Material Outperforms in Head-to-Head Testing 1,500 0.98 0.92 NOVONI 0.88 084 Senet 500 1,000 supa apa 500 1,000 NOVONIX supply based
Slide 17: Commissioning the First Large Scale Battery Grade Synthetic Graphite Production Facility
Commissioning the First Large Scale Battery Grade Synthetic Graphite Production Facility in North America le Faci iver: Ww ty Oven * Purchased and opened Riverside facility in 2024, highlighted by a grand opening attended by US Secretary of Energy Jennifer Granholm = Facility to scale to 20K tpa ali
Slide 18: NOVONIX's Product Technology Advantage
NOVONIX’s Product Technology Advantage NOVONIX Advantage = Applications such as electric vehicles and energy storage systems require differing properties: = Fast Charge = High Energy Density = Long Cycle Life = NOVONIX Anode Materials collaborates with customers, leveraging our BTS team to rapidly d
Slide 19: Demonstrated a Pathway to Profitable Production in the U.S.
NOVONIX has Demonstrated a Pathway to Profitable Production in the U.S. Overview of Riverside Faci Capacity of 20K tpa)? ics (Reflects Operating at Target < Cc 2 m ° ° $12.50 Up to Upto $0.45/Kg $0.50/Kg $7-10/Kg =n | | U.S. Government Programs $10.00 = $6-8/Kg $7.50 me ~» 2 = wm a 2 23-30% Margin $
Slide 20: Panasonic Energy and NOVONIX Sign a Binding Supply Agreement
Panasonic Energy and NOVONIX Sign a Binding Supply Agreement Panasonic Energy Kansas Facility Panasonic Energy = Panasonic Energy is a leading developer of battery cell technology for EV and ESS batteries in the U.S. = Panasonic Energy has developed relationships with Tesla, Honda, Toyota, Mazda, Su
Slide 21: Path to Commercial Production at Riverside
Path to Commercial Production at Riverside 1Q2024 February 2024 Announcement of the offtake agreement with Panasonic Energy Equipment Deposits Initial deposits on additional furnaces and equipment to reach 3K tpa of capacity by December 2024 Engineering Report Riverside independent engineering repor
Slide 22: Customer Commitments Support NOVONIX North American Growth Plan
Customer Commitments Support NOVONIX North American Growth Plan Anode Market Share?: C -1.6% t ~11.9% Phase 3: Additional Greenfields >150K+ tpa? NOVONIX I I Capacity —/ Phase 2: Riverside & I & Growth Plans Greenfield #1 ! Phase 1: Riverside 50K tpa*” a 20K tpa” KORE + Panasonic + LGES NOVONIX’s +
Slide 23: Goals for the Future of NOVONIX
Goals for the Future of NOVONIX Scaling anode materials production @ aie tat \_____,| All-Dry Zero-Waste Cathode technology capacity to 150K tpa ! £ VEL supported by our propriety processing Recognized battery | {em ( it Rican ,| Highly developed IP with technology leader % ~! i “\ leading market po
Slide 24: Slide 24
Slide 25: NOVONIX Plays a Critical Role in the Lithium-Ion Battery Value Chain
NOVONIX Plays a Critical Role in the Lithium-lon Battery Value Chain Dison) ee Materials & Cell Component Battery Cell/Pack Production Raw Material Processing Production OMe CORE Aainemante @Livent 4is #4 umicore = el ee “Beowore ABTC thi GanfengLithium | OSCO NEXT Lithium ‘ | BIR Poeem | Panasonic
Slide 26: Optimized Synthetic Graphite Manufacturing and Attracted Tier-1 Partnerships
NOVONIX has Optimized Synthetic Graphite Manufacturing and Attracted Tier-1 Partnerships Strategic Partnerships Supporting Product and Process R&D NOVONIX Graphitization Process Offers End-User Advantages = Partnership with Harper = Energy efficient systems reducing environmental permitting requirem
Slide 27: U.S. Legislation Providing Direct Support to NOVONIX's Business Plan
U.S. Legislation Providing Direct Support to NOVONIX’s Business Plan Section 301 iffs IRA Tax Credits & Consumer Credit DOE MESC Grant & DOE LPO Loan In August 2017, the Office of the United States Trade Representative (USTR) launched an investigation into China’s allegedly unreasonable and discrimi
Slide 28: NOVONIX Finalizes US$100 Million Grant Award from U.S. Department of Energy
NOVONIX Finalizes US$100 Million Grant Award from U.S. Department of Energy DOE LPO Loan Process DOE MESC Grant Aids Ability to Scale Faster = NOVONIX Anode Materials division was awarded one of the initial grants from the U.S. Department of Energy for USS100 million = Grant award was funded through
Slide 29: Strategic Relationship with KORE Power
Strategic Relationship with KORE Power ights of Agreements KORE Power is a leading U.S. based developer of battery cell technology for clean energy industries NOVONIX and KORE Power have worked together since 2019 through NOVONIX’s BTS division to improve and validate KORE’s battery technology = KOR
Slide 30: Strategic Relationship with LG Energy Solution
NOVONIX Establishes Strategic Relationship with LG Energy Solution LG Energy Solution (LGES) Overview = LGES is a leading U.S. based developer of battery cell technology for EV and ESS Batteries = LGES has developed relationships with GM, Honda, Hyundai and Stellantis in North America to supply EV b
Slide 31: Conditional Proposal - Mount Dromedary & Axon Graphite
Conditional Proposal - Mount Dromedary & Axon Graphite World class, large-scale natural high-grade flake graphite project = Conditional 50/50 Joint Venture with NVX “merging” Mount Dromedary asset in exchange for shares in LEL subsidiary, Axon Graphite = Axon Graphite holds the Burke and Corella Ten
Slide 32: NOVONIX's Battery Technology Paves the Way for the Next Generation
NOVONIX’s Battery Technology Paves the Way for the Next Generation les based on ~2 Years of Test Data") Demonstrated and Projected Performance Predicted to Exceed 1 Mi 1.00 1,000,000 Miles PC622/Synthetic Graphite : ce === $C622/Natural Graphite . 0.94 —— = SC622/Synthetic Graphite g 0.92 === SC622/