Electrovaya Presentation
Transcript of Electrovaya Presentation
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Q4 & FY 2015 CONFERENCE CALL
The New Electrovaya:Post-Transformational Acquisition =
Exceptional Products & Scale for
Global Energy Revolution
2nd December 2015
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EFL (Toronto Stock Exchange - TSX)
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This presentation contains historical and forward-looking statements. The forward-looking statements involve risks and
uncertainties. Forward looking statements appearing in this presentation represent management’s current estimates and
these may change significantly as new information comes to hand, including including statements that relate to, amongother things, revenue forecasts, technology development progress, plans for shipment using the Company’s next generation
technology, production plans, the Company’s markets, objectives, goals, strategies, intentions, beliefs, expectations and
estimates, using such words as may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate”, “anticipate”,
“believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import.
Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ
materially from those expressed or implied in such statements. Additional information about material factors that could cause
actual results to differ materially from expectations and about material factors or assumptions applied in making forward-
looking statements may be found in the Company’s most recent annual and interim Management’s Discussion and Analysis
under “Risk and Uncertainties” as well as in other public disclosure documents filed with Canadian securities regulatory
authorities. The information contained in this presentation has been obtained by Electrovaya Inc. from its own records and
from other sources believed to be reliable, however no representation or warranty is made as to its accuracy or
completeness .The Company does not undertake any obligation to update publicly or to revise any of the forward-looking
statements contained in this document, whether as a result of new information, future events or otherwise, except as
required by law.
Disclaimer
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Mission
Reduce Climate Change as
the Global Leader in
Advanced Lithium Ion Battery Solutions
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Market PotentialEnergy Storage is the “Holy Grail” for Electric Power &
Lithium Ion Battery is the Driver
Energy storage market is set to “explode” to an annual installation size of 6 Gigawatts (GW) in 2017
and over 40 GW by 2022 — from an initial base of only 0.34 GW installed in 2012 and 2013.
Market value: $114 billion by 2017
Annual savings of $50 billion yearly via energy storage.
64% of energy storage installations will come from lithium-ion batteries.
Market value: $400 billion by 2020
The advanced battery market is expanding dramatically in the United States andaround the world -- from $5 billion in 2010 to nearly $50 billion in 2020
Targets $150-billion for their business in Clean Energy financing by 2020.
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Why Lithium?
Lithium Ion*most efficient & lowest holistic cost
92-94%
Flow Batteries ~ 75%
Lead Acid ~ 60%
Mechanical Systems ~ 50%
Hydrogen Fuel Cells ~ 25%
Source: IHS Emerging Energy Research
ElectronStorage
Efficiency Analysis:
ExpertIndustry
AnalystProjections:
36% to all other technologies:
64%
LITHIUM IONwill takeover
of allenergy storage
business.
leaving the remaining
pumped hydro,
hydrogen fuel cells,
lead acid,sodium sulphur,
vanadium redox flow,
zinc bromine,
zinc air,
molten metal,
compressed air,flywheels,
and others…
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Transformational AcquisitionCanadian & German Operations
State of the art manufacturing facility with 500MWh capacity since 2012.Located in Kamenz, Germany, the facility runs with the highest levels of quality(TS16949 and various ISO standards) with a leading team of experts; IP:electrodes, nano C/Si and ceramic separators; ~350 patents
160,000 sq feet facility in Mississauga, Canada.System integration and testing(MWh scale energy storage),NMP-free electrode; 150 patents
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conglomeratesstart-ups
private
companiespublic market
companies
Electrovaya’s Strengths Technology that enables Resilience to Market Challenges& Fundamental Cost Advantage due to non-toxic innovations
Electrovaya’s proprietary non-NMP, non-toxic manufacturing process enables lower cost structure.
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Acquisition: Litarion’s ContributionGermany’s Premier Expertise in Manufacturing, Scale & Technology
1. Physical & Human Capital: 0.5 Giga Wh plant with Europe’s Leading Scientists & Process Engineers
2. SEPARION Technology: Global Exclusive Rights to a Flexible Ceramic Separator includes~300 Patents SEPARION™ Technology with highest safety and cycle life performance
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Acquisition: Solves Industry Challenges
Combined Technology & Experience from Electrovaya and Evonik Degussa
Solves the Three Critical Challenges in Lithium Ion
- Cost: Electrovaya’s non toxic production process disrupts the present toxic chemical process (NMP) andsubstantially lowers CapEx, OpEx (~55%), energy costs (~80%) and allows production in environmentallyregulated jurisdictions (US, Europe & Japan). Makes the billion dollar investments in NMP based plants,obsolete.
- Safety: Electrovaya acquires Global exclusive rights to an unique ceramic imbedded separator, which
was earlier exclusively available to only Daimler. ~300 patents support and a 10 million square meter plantin Germany; 20,000 Smart electric running with zero safety incidents
- Cycle Life: about double the industry standard; ~9000 cycles, 1C charge/discharge, 100% Depth ofdischarge, graphite and NMC electrodes; critical parameter for Energy Storage systems
Other
- Environment: Allows Lithium Ion plants to operate easily in regulated jurisdictions like Europe, USA andJapan
- Energy Density: Electrovaya’s non NMP process improves electrode microstructure and increasesenergy density
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Q1 2015 Q2 2015 Q3 2015 Q4 2015
Revenues Surge:Q4, ending 30th Sept 2015: 1st Full Quarter with Combined Revenues
US $
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-2.5
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Q1 2015 Q2 2015 Q3 2015 Q4 2015
US $
Adjusted EBITDA: Positive in Q4
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Q1 2015 Q2 2015 Q3 2015 Q4 2015
US $
Cash Growing: Q4 2015
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Cell & Cell Materials
- Utilities
- E-mobility
- Energy Storage
- Residential Power
- Back up Power
- Telecom
- Strategic Power
- Micro-Grid
Electrodes
SEPARION™
Litacell LC-40
Battery Systems
Pipeline: Rapidly Growing, Largest Ever
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Product: CellWorld-Leading Performance & Safety
Litacell: The lithium-ion cell technology LITACELL provides
outstanding cycle life combined with unique safety features
serving as leading-edge solution for the most demanding
applications.
Key Features:• Superior cycle life and extraordinary safety due to
LITARION® electrodes and SEPARION® ceramicseparator.• Design and components made in Germany, manufactured
according to ISO:9001 and ISO/TS 16949
Officially launched Litacell LC-40 in Q4 2015
0 2000 4000 6000 8000 100000
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C a p a c i t y / A h
Cycle no.
Cycling (1C/1C)
Cycling (2C/2C) Cycling (3C/3C)
Extraordinary Cycle Life Performance:
9000 cycles at 1C/1C (Ch/DCh), 3000 cycles at 3C/3C (Ch/DCh)
*Data obtained in 40 Ah cells at 100% DOD, Daimler measurements
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Product: SEPARION™
Full ceramic material supported by PET non-woven:
PET non-woven support Ceramics
(Surface view)
Flexible ceramic separator
(SEM cross-section)
Polymer
fibres
S u r f a c e
Ceramic
Particles
Ceramic material is impregnated into the supporting non-woven.
• Previously exclusive use for Daimler products only• Outstanding safety: stable to temperatures up to 700°C
• Over 200+ patents• Disruptive technology acquired
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Electrovaya’s Green Production:
No air emission No use of toxic NMP chemicals No future liabilities
No Toxic NMP solvent coater, dryer, air handling, distillation
ELIMINATED
Distillation System
ELIMINATED
NMP Solvent:
300 Foot Drier Solvent Recovery Tower
ELIMINATED
Product: Non-Toxic Electrode Mfg License
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Industrials
Automotive
Smart Cities, MicroGrids
MWh
Smart Grid
Each sector could become multi-billion dollar markets.
Cell Technology
+ Value Add Systems
Product: Battery SystemsCommon building blocks (cells, battery modules, batterymanagement) are leveraged across multiple verticals.
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Product: Battery Systems
High Voltage Lithium
Ion Battery Rack
(Low Voltage Power Supply & BMS
High Voltage Bus Way
End Tap Enclosure HVAC
System
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Toronto, Canada
Notable Recent Deliveries
Electrovaya's MWh energy storage system was recently delivered to Toronto Hydro for use intheir Smart Grid. This battery solution allows utilities and cities to use renewable energy (wind,solar, etc) off-peak by storing it for on-demand peak use. Energy storage is key to solving theenergy needs for cities worldwide and is tagged as part of the Smart City, Smart Grid, CleanEnergy technology solutions needed to fight climate change.
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Summary Value PropositionWhy Electrovaya should win the Energy Storage race
Cycle Life Nearly double major competitors;
50% lower holistic cost; $/kWhSafety Highest in industry due to Flexible Ceramic Separator
Useable Energy Higher than competitors
Calendar Life Higher than competitors - important for energy storage
Capacity Increase Ease Faster and at a lower costNon-Toxic Production Process Green Production
Price Lowest on price per cycle
Strong Technical Support Locally in Europe and North America
Location & Capacity Largest Lithium Ion plant in Europe
Sole producer in Canada
Branding Daimler & Made in GermanyMade in Canada
Certifications TS 16949 and other certifications
Global Production Capacity 0.5 Giga Watt Hour
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AUTOMOTIVE
ENERGY
STORAGE/SMART CITY/
MICRO-GRID
INDUSTRIAL
SPECIALTY
Electrovaya’s Energy Storage Products USA, Canada, China, Europe, UAE (best of class partners)