Bluglass Ltd · ASX:BLG
Bluglass — Shareholder Meeting (October 2022)
32 slides from Bluglass's shareholder meeting presentation, Oct 4, 2022
Slide 1: BluGlass Annual General Meeting
BluGlass Annual General Meeting BLUGLASS 2022 ANNUAL GENERAL MEETING BLUGLASS 2021 ANNUAL GENERAL MEETING1 1 BLUGLASS 2022 ANNUAL GENERAL MEETING Tuesday 4 October 2022
Slide 2: Contents
CONTENTS 01. Chair’s Report 4 2022 Highlights 5 Financial Performance 6 Intellectual Property Update 7 Overview & Strategic Position 8 02. President’s Report 9 Year in Review 10 Market Opportunities 18 Strategy & Roadmaps 25 Outlook 29 05. Questions & Answers 31 BLUGLASS 2022 ANNUAL GENERAL MEETING
Slide 3: Forward Looking Statement
FORWARD LOOKING STATEMENT 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, represen
Slide 4: James Walker Chair's Report
JAMES WALKER CHAIR’S REPORT BLUGLASS 2022 ANNUAL GENERAL MEETING 4 BLUGLASS 2021 ANNUAL GENERAL MEETING4 BLUGLASS 2022 ANNUAL GENERAL MEETING
Slide 5: 2022 Highlights
2022 HIGHLIGHTS BluGlass’ Silicon Valley fab Launched alpha products for real- contributing to operations world customer trials US fab is now operational and contributing to technical BluGlass’ alpha laser diodes are being evaluated by roadmaps, progressively coming online for GaN laser potential cu
Slide 6: Financial Performance
FINANCIAL PERFORMANCE YtY Movement 2022 2021 2022-2021 $ $ % Revenue 604,749 363,573 Up 66% Other Income 3,661,282 3,993,477 Down 8% Interest 506 4,782 Down 162% Government grants 314,231 657,329 Down 28% Net Assets 13,220,332 7,509,329 Up 55% Consolidated Loss 9,355,554 6,298,360 Up 49% R&D Tax Reb
Slide 7: Global Patent Portfolio
GLOBAL PATENT PORTFOLIO BluGlass Intellectual Property Map 93 Internationally Granted Patents 14 Applications in PCT Phase 08 Active Patent Families 17 Trademarks BLUGLASS 2022 ANNUAL GENERAL MEETING 7 BLUGLASS 2021 ANNUAL GENERAL MEETING7 BLUGLASS 2022 ANNUAL GENERAL MEETING
Slide 8: BluGlass Overview & Strategic Position
BLUGLASS OVERVIEW & STRATEGIC POSITION Large & Growing Markets Strengthened, Expert Team Global laser revenue is forecast to surpass US$25B by 2025*. Under the leadership of veteran laser diode expert, Jim Driven by growth in high-tech applications, the gallium nitride Haden, BluGlass’ world-leading
Slide 9: Jim Haden President's Report
JIM HADEN PRESIDENT’S REPORT BLUGLASS 2022 ANNUAL GENERAL MEETING 9 BLUGLASS 2021 ANNUAL GENERAL MEETING9 BLUGLASS 2022 ANNUAL GENERAL MEETING
Slide 10: Year in Review
YEAR IN REVIEW BLUGLASS 2022 ANNUAL GENERAL MEETING 10 BLUGLASS 2021 ANNUAL GENERAL MEETING BLUGLASS 2022 ANNUAL GENERAL MEETING 10
Slide 11: Year in Review
YEAR IN REVIEW Demonstrates world- Acquires fully Silicon Valley Fab first RPCVD ‘active-as- operational Silicon Shipped first fully- comes online in several grown’ dual n-wave Valley Laser Diode packaged alpha steps; commences laser diodes, to enable manufacturing fab & products to a contributing t
Slide 12: Development Progress – Four Key Ingredients to Reliable LDs
DEVELOPMENT PROGRESS – FOUR KEY INGREDIENTS TO RELIABLE LDs 2. LOW RESISTANCE METALS & OHMIC CONTACTS 3. CLEAN FACETS & LOW LOSS AR/HR COATINGS Demonstrated improved metal designs, with Cleave improvements demonstrated at contract significantly lower resistance for both negative and manufacturers, a
Slide 13: Vertically Integrating – Acquired Silicon Valley Fab
VERTICALLY INTEGRATING – ACQUIRED SILICON VALLEY FAB Increased revenue capacity BLUGLASS CAPTIVE FAB WILL HALVE WAFER & faster profitability PRODUCTION COSTS Increased manufacturing capability enables BluGlass to realise competitive advantages and value proposition. Acquisition reduces production co
Slide 14: Silicon Valley Fab Commences Contributing to Tech Roadmaps
SILICON VALLEY FAB COMMENCES CONTRIBUTING TO TECH ROADMAPS Silicon Valley fab has received all required regulatory approvals to begin processing Conversion to gallium nitride laser fabrication is well underway The facility is now operational with development and manufacturing commencing Short-loop d
Slide 15: Fremont Facility Tour
FREMONT FACILITY TOUR BLUGLASS 2022 ANNUAL GENERAL MEETING 15 15 BLUGLASS 2021 ANNUAL GENERAL MEETING BLUGLASS 2022 ANNUAL GENERAL MEETING 15
Slide 16: Ships First Alpha Products to Customer
SHIPS FIRST ALPHA PRODUCTS TO CUSTOMER BluGlass shipped 405nm and 420nm alpha products to a customer for integration within new product design and development cycles for testing and feedback. An alpha product is an advanced prototype still in the design phase and is a valuable tool to collect custom
Slide 17: BluGlass Joins World Leading GaN Consortium
BLUGLASS JOINS WORLD LEADING GaN CONSORTIUM Invited member of the University of California, Santa Barbara’s (UCSB) Solid-State Lighting & Energy Electronics Centre (SSLEEC) consortium Member companies are internationally recognised as contributing to the advancement of solid-state lighting & electro
Slide 18: Market Opportunities
MARKET OPPORTUNITIES BLUGLASS 2022 ANNUAL GENERAL MEETING 18 BLUGLASS 2021 ANNUAL GENERAL MEETING BLUGLASS 2022 ANNUAL GENERAL MEETING 18
Slide 19: Market Drivers - The Advantages of GaN
MARKET DRIVERS - THE ADVANTAGES OF GaN GaN lasers have many inherent advantages over traditional infrared (GaAs) laser diodes Improvement of energy Key Metals Higher energy absorption in key industrial metals absorption in metals Gold 66x Silver 17x Tighter beam focus and improved efficiency Copper
Slide 20: Target Markets by Application
TARGET MARKETS BY APPLICATION BluGlass is focused on key Service Available Market opportunities by 2025 worth more than US$735M of the $2.5B global GaN laser market $355M $240M Total Other Markets Industrial Market Applications: Defense, Displays, 33% Applications: Industrial cutting Automotive, Aug
Slide 21: Industry Challenges – BluGlass Value Proposition
INDUSTRY CHALLENGES – BLUGLASS VALUE PROPOSITION BluGlass’ target market position Why there is a need for BluGlass Providing plug and play easy-to-use laser Existing large players do not provide flexible form-factors light through: and wavelengths – requiring significant customisation and post purch
Slide 22: BluGlass Target Markets: Industrial Segment
BLUGLASS TARGET MARKETS: Industrial Segment Wavelengths: • 450nm MM • 405nm SM/MM US$240M Key Applications: Industrial Welding Product Addressable Market Blue laser light is absorbed many times more than by 2025 traditional (infrared) laser welding systems in key industrial metals (gold, silver, cop
Slide 23: BluGlass Target Markets: Scientific Segment
BLUGLASS TARGET MARKETS: Wavelengths: Scientific Segment/Focus on Quantum • 450nm MM • 405nm SM/MM US$80M Key Applications: Quantum Sensing Product Addressable Market Laser-based quantum sensors are superseding traditional sensing technologies such as accurate atomic clocks, by 2025 sensitive quantu
Slide 24: BluGlass Target Markets: Biotech Segment
BLUGLASS TARGET MARKETS: Biotech Segment Wavelengths: • 405nm SM • 488nm SM • 532nm US$60M Key Applications: Product Addressable Market Flow Cytometry by 2025 As the need for more personalsed medicine increases, researchers are finding that new laser wavelengths and integrated multiwavelength laser
Slide 25: Strategy & Roadmap
STRATEGY & ROADMAP BLUGLASS 2022 ANNUAL GENERAL MEETING 25 BLUGLASS 2021 ANNUAL GENERAL MEETING BLUGLASS 2022 ANNUAL GENERAL MEETING 25
Slide 26: Bringing Fremont Online - More Speed, Better Capability
BRINGING FREMONT ONLINE - MORE SPEED, BETTER CAPABILITY • Cohabitation (with fab sellers) • Employee onboarding April 2022 Acquires SV LD Fab • • Commence approval process Plant clean-up • Hired expert leadership team • Established process capabilities • Brought key equipment online May-June l 2022
Slide 27: Technology & Commercialisation Roadmaps
TECHNOLOGY & COMMERCIALISATION ROADMAPS 2021 2022 2023… Q3 Q4 Q1 Q2 Q3 Q4 Q1 Blue LD Alpha Phase Optimise designs (Epitaxy, Metals, Facets, Bonds) Establish LD reliability Accelerated Lifetime Testing (1000hrs) Launch Beta Products Commence Pilot Production Accelerated Lifetime Testing (2000hrs) Gre
Slide 28: Delivering Against Clear Product Development Pipeline
DELIVERING AGAINST CLEAR PRODUCT DEVELOPMENT PIPELINE BluGlass has demonstrated strong progress on initial product offering MM – 1W MM – 1.2W 405nm MM: Multi Mode SM – 100-200mW SM – 250mW Violet SM: Single Mode MM – 1W MM – 1.8W 420nm SM – 100-200mW SM – 250mW MM – 1.6W MM – 3.5W MM – 5W 450nm MM –
Slide 29: Outlook
OUTLOOK BLUGLASS 2022 ANNUAL GENERAL MEETING 29 BLUGLASS 2021 ANNUAL GENERAL MEETING BLUGLASS 2022 ANNUAL GENERAL MEETING 29
Slide 30: Summary & Outlook
SUMMARY & OUTLOOK Fast-tracked Demonstrated LD Delivering on Clear Large & Growing Company Goals Improvements & Roadmap Markets Launched Alpha BluGlass’ acquisition of a Products Global laser revenue is forecast to exceed US$25B full-suite production fab BluGlass is delivering on its supports compan
Slide 31: Thank-You & Questions
Investor Relations: Stefanie Winwood P: +61 2 9334 2300 E: investors@bluglass.com.au THANK-YOU & QUESTIONS BLUGLASS 2022 ANNUAL GENERAL MEETING BLUGLASS 2021 ANNUAL GENERAL MEETING BLUGLASS 2022 ANNUAL GENERAL MEETING 31 31
Slide 32: Voting Summary Report
VOTING SUMMARY REPORT *Source: Strategies Unlimited 2020 BLUGLASS 2022 ANNUAL GENERAL MEETING 32 BLUGLASS 2021 ANNUAL GENERAL MEETING BLUGLASS 2022 ANNUAL GENERAL MEETING 32