CALIX LIMITED — Investor Presentation 2021

Apr 21, 2021

April 22, 2021

==> picture [95 x 41] intentionally omitted <==

ASX Announcement

April Quarter Newsletter – Issue 38

Sydney, Australia | April 22, 2021 – Multi-award-winning Australian technology company Calix Limited (ASX: CXL ‘Calix’ or ‘the Company’) is pleased to announce it has released a comprehensive update on activities across its business segments. The newsletter is attached overleaf.

This announcement has been authorised for release to the ASX by:-

Phil Hodgson Managing Director Calix Limited 9-11 Bridge Street Pymble NSW 2073 Ph +61 2 8199 7400

==> picture [95 x 41] intentionally omitted <==

About Calix

Calix is a team of dedicated people developing a unique, patented technology to provide industrial solutions that address global sustainability challenges.

The core technology is being used to develop more environmentally friendly solutions for advanced batteries, crop protection, aquaculture, wastewater and carbon reduction.

Calix develops its technology via a global network of research and development collaborations, including governments, research institutes and universities, some of world’s largest companies, and a growing customer base and distributor network for its commercialised products and processes.

Because there’s only one Earth – Mars is for Quitters.

Website: https://www.calix.global/ Twitter: @CalixLimited Youtube: CalixLimited

For more information:

Phil Hodgson Managing Director and CEO phodgson@calix.com.au +61 2 8199 7400

Darren Charles CFO and Company Secretary dcharles@calix.com.au +61 2 8199 7400

Simon Hinsley Investor Relations simon@nwrcommunications.com.au +61 401 809 653

==> picture [121 x 40] intentionally omitted <==

Calix News Issue 38

In this issue:

P2

Editorial

A word from our CEO

P3

P10-11

Calix technology to be piloted in novel energy storage system with Swedish company, SaltX, and Sumitomo

Calix executes Heads

of Agreement with Adbri for a world-first zero-emissions lime calciner project

P12-13

Project SOCRATCES low-cost, low-carbon energy supply

P4-5

Calix announces a new structure to support our growth strategy

P14-15

Bacchus Marsh Operations - what's happening on site

P6-7

Important milestone for Project LEILAC

P8-9

Customer Story Caustic soda replacement at a fruit processing plant

P16-17

Our People

Hinne Temminck Tuinstra Head of Strategy & Portfolio

==> picture [240 x 91] intentionally omitted <==

CO2 MITIGATION FOR LIME

Welcome to Issue 38 of the Calix Newsletter

Calix will work with Adbri to co-develop a world-first commercial-scale, zero-emissions lime production facility.

==> picture [194 x 285] intentionally omitted <==

----- Start of picture text -----

Phil Hodgson
CEO
----- End of picture text -----

In our first newsletter for 2021, we look forward to the new year with a refreshed organisational structure, focussed along 5 lines of business. We are also pleased to have recently completed a heavily over-subscribed $14m placement and $5m share purchase plan to help accelerate each line of business in line with their development and growth strategies. We thank our existing and new shareholders for this strong show of support for the company, which is well-positioned to benefit from increasing investment tailwinds in Environment, Social and Governance (“ESG”) themes.

The recent announcement of a zero-emissions lime project with Australian company Adbri is a manifestation of this ESG interest. Lime is used to make steel aluminium, gold and rare earths, and Australian exporters will increasingly need to lower their emissions, as our export markets start to measure and add carbon tariffs to goods. The EU has voted to commence such tariffs in 2023, and other major export markets are expected to follow.

We are also pleased to have recently announced our Low Emissions Intensity Lime and Cement (“LEILAC”) technology has passed its next development milestone, with the LEILAC-2 Project consortium unanimously voting to proceed to Front-End-Engineering and Design for a 100kTpa CO2 separation facility in HeidelbergCement’s Hanover cement factory in Germany.

In this newsletter we also feature two articles on our Sustainable Processing business, where Calix’s technology is being used to develop base load energy storage systems. The first article features our recent announcement with SaltX, a Swedish company who are developing a hydrated salt chemical looping system to store heat for power or heating, and another article features our SOCRATCES project, where we are working with a consortium of European companies to develop a calcium looping system for seasonal power storage and generation. Such systems will increasingly be needed as the energy grid decarbonises, and intermittent energy generation from renewable assets increasingly requires energy storage solutions.

Our water business also continues to grow, and we feature a customer story on dangerous caustic soda replacement in our US business, leading to safer operation and cost savings for our customer. We also feature our team at Bacchus Marsh and their community out-reach program, generating great interest in the local community in regional Victoria. And lastly, we feature our newest staff member, Hinne Temminck Tuinstra, who has joined Calix based in the UK to help with our many commercial opportunities as GM - Strategy and Portfolio.

We look forward to another year of huge opportunity for the company, and continue to very much appreciate the support of all our shareholders and stakeholders.

Calix is pleased to announce it has executed a Heads of Agreement with Adbri Limited (ASX:ABC) covering the development of a lime project for lime production, with CO2 capture and multi-fuel options.

==> picture [240 x 452] intentionally omitted <==

The production of lime currently emits roughly 1 tonne of CO2 per 1 tonne of lime produced. Lime is used extensively in producing steel, aluminium, rare earths, gold and many other minerals and is thus a significant contributor to those important industries’ carbon footprints. With the EU announcing the intention to erect trade barriers on the basis of carbon, and with other economies likely to follow, it is vital Australian industry start to adapt to producing lower carbon footprint products to maintain export viable industries.

This recently signed Heads of Agreement outlines Calix and Adbri’s intent to progressing a feasibility study covering site selection, raw materials and proof of marketable product, and basis of design covering CO2 capture from lime production, and multi-fuel / energy options, targeting early 2022 completion.

Feasibility work on the project would cover lime production of around 30,000 tonnes per annum, including demonstration of 20,000 tonnes per annum of CO2 capture and multiple fuel options (including natural gas, hydrogen and electricity).

The project is framed around a 5–year development and demonstration program and will also seek appropriate funding under the Federal Government’s low emissions technology roadmap.

The project represents a world-first development of a commercial-scale, zero-emissions lime production facility.

Calix CEO and MD Phil Hodgson said

“We have seen a significant increase in inbound enquiries in Calix technology driven by the rapidly increasing interest in investing in Environment, Social and Governance themes, from countries, companies and investors. This important project is a world-first in ambition to produce zero-emissions lime, one of the most important industrial products globally, and it is great to be developing this in partnership with Adbri, in an Australian project, with Australian technology.”

2

3

CALIX NEWS \ ISSUE 38 \ APRIL 2021

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

www.calix.global

Phil Hodgson Managing Director & CEO [Pymble, Australia]

Calix announces a new structure to support our growth strategy

Water Solutions include water and wastewater treatment and aquaculture, follows a direct sales and distributor model and requires a high level of customer intimacy.

Calix has announced a new organisational structure as part of its strategy to accelerate growth.

The new structure is organised around five market-focused Business Lines supported by world-class strategic, technical, operational, and corporate functions.

The five Business Lines and their leaders are as follows:

Sustainable Processing includes mineral and chemical processing; leveraging the key benefits of our technology in electrification and use of renewable energy in industrial processes. Biotech includes leading products such as crop protection, marine coatings and new biotech applications that exploit the unique bio-active, yet safe and sustainable nature of our high reactivity magnesium oxide. CO2 Mitigation includes cement and lime and builds on Calix's established carbon capture expertise. Advanced Batteries includes advanced cathode & anode materials produced by our unique reactor technology - "BATMn.

Water Solutions: Bill Karis and Doug Kelley Sustainable Processing: Andrew Okely CO2 Mitigation: Adam Vincent and Daniel Rennie

As our Biotech and Advanced Battery programs advance into their early commercial phase - new business leaders with appropriate background expertise will be appointed to lead these Business Lines.

Leading the support functions are:

Emma Bowring - General Manager Engineering Mark Sceats - Chief Scientist Vincent Nguyen - General Manager Operations Audrey Barucchi - General Manager Marketing & Communications

Darren Charles - Chief Financial Officer Hinne Temminck Tuinstra - General Manager Strategy & Portfolio

What do we want to achieve?

Driven by our corporate purpose of solving global challenges, our aspiration is to become a leading global innovator of industrial solutions for the environment.

We are committed to make the UN Sustainability Development Goals (SDGs) part of our company culture and day-to-day operations, and we see the new structure as a natural next step on our journey towards growth, sustainability, and corporate social responsibility.

Our growth strategy is based on the pursuit of this grand ambition and is focused on four key pillars of sustainability: Climate, Energy, Food and Water.

• “The new structure will allow our company, employees and partners to concentrate on what they do best .” Each Business Line will have a clear and compelling mission, with its own strategic planning, business model, and capital strategy; and yet all connected by Calix's core technology platform. I look forward to seeing what this enhanced focus will deliver. - Phil Hodgson

==> picture [35 x 34] intentionally omitted <==

==> picture [27 x 27] intentionally omitted <==

==> picture [357 x 243] intentionally omitted <==

----- Start of picture text -----

Advanced CO2 Sustainable
Biotech Water
Batteries Mitigation Processing
Adam Vincent Andrew Okely Bill Karis
General Manager General Manager General Manager - Water
Lime Decarbonisation Sustainable Processing [Bacchus Marsh, Australia]
[Bacchus Marsh, Australia] [Pymble, Australia]
Daniel Rennie Doug Kelley
General Manager President IER
Cement Decarbonisation [Spokane, USA]
[Paris, France]
----- End of picture text -----

==> picture [485 x 387] intentionally omitted <==

----- Start of picture text -----

Sales &
Business Development Robert Van Merkestein Michael Wheatland Nitin Apte
Business Manager Business Development Manager Business Development
Bio-Active Materials Sustainable Processing Manager Water
[Bacchus Marsh, Australia] [Bacchus Marsh, Australia] [Pymble, Australia]
Engineering R&D
Emma Bowring Mark Sceats Matt Boot-Handford
General Manager Chief Scientist R&D Manager
Engineering [Pymble, Australia] Batteries & Catalysts
[London, United Kingdom] [Bacchus Marsh, Australia]
Operations Marketing
Vincent Nguyen Audrey Barucchi
General Manager General Manager
Operations Marketing
[Bacchus Marsh, Australia] [Nerang, Australia]
Finance Strategy
& Portfolio
Darren Charles Hinne Temminck Tuinstra
CFO & Company General Manager
Secretary Strategy & Portfolio
[Pymble, Australia] [London, United Kingdom]
----- End of picture text -----

==> picture [369 x 31] intentionally omitted <==

----- Start of picture text -----

C ustomers People & Innovation Ops & Sustainability Finance & Portfolio
Calix Australia Calix Europe Calix USA (IER)
----- End of picture text -----

4

5

CALIX NEWS \ ISSUE 38 \ APRIL 2021

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

www.calix.global

CO2 MITIGATION FOR CEMENT

SOLVING GLOBAL CHALLENGES

Important Milestones for Project LEILAC.

LEILAC-2 passes pre-FEED milestone, with construction to be hosted at one of HeidelbergCement's sites in Germany.

Calix is pleased to announce the LEILAC-2 Project, a CO2 capture facility for lime and cement using Calix’s patented technology, has passed its go/no go milestone, and been unanimously endorsed by the Project consortium to proceed into Front-End-Engineering and Design, following a review of the Basis of Design.

Earlier this year, HeidelbergCement had nominated their Hanover site in Germany for the construction of the Demonstration scale CO2 capture facility.

Phil Hodgson, MD of Calix and Chairman of the LEILAC-2 Executive Board said:

Capable of separating 100,000 tonnes per annum of CO2, the demonstration plant is a critical step in demonstrating the application of this novel carbon capture process to the cement and lime industries.

The LEILAC-2 Project sets some very ambitious challenges for our technology. To operate at best efficiency, LEILAC will need to be closely integrated with an operating facility, which adds considerable complexity and risk. The Project Team, led by our own GM – Engineering Emma Bowring, has done a truly fantastic job during difficult times, with multiple COVID restrictions operating at different times across Europe."

The LEILAC-2 Project commenced in April 2020, following the award of €16m in funding from the EU Horizon 2020 scheme, and commitments in cash and in-kind contributions from industry players such as HeidelbergCement, Cimpor, Lhoist and Engie.

“We welcome HeidelbergCement’s commitment to their Hanover site as another crucial milestone in the project, and we look forward to working with HeidelbergCement and our other LEILAC-2 partners to make the project a success, and demonstrate at meaningful scale the ability of the technology to help the cement and lime industries mitigate CO2 emissions”.

The LEILAC-2 Project Pre-FEED stage has involved a rigorous, risk-based approach to design the close integration of the technology with an operating cement plant. The close integration of heat and process streams are integral to the most efficient application of the technology, but also necessarily involve higher risk with respect to potential disruption to the existing plant. To pass this go/no go stage gate, the project design was deemed to have delivered a design where:

HeidelbergCement's Chairman of the Managing Board Dr. Dominik von Achten said:

a) the plant’s design is technically viable; b) that it would fulfill the operational objectives of the overall project;

"The LEILAC technology has the potential to enable the cement and lime industries to efficiently capture their process emissions on an industrial scale,"

c) that the plant's design poses low integration risks for the main plant;

"The project in Hanover is one of several promising CO2 capture technologies that we are currently testing at full speed within the HeidelbergCement Group."

d) that it is within the required ±30% cost estimate of the budget.

The unanimous endorsement by the General Assembly to proceed to FEED is a testament to the Project Team, led by Calix’s General Manager of Engineering Emma Bowring, and comprising engineers, scientists, and technicians from all 13 project consortium members.

The technology once proven at this scale, should be low-cost, scalable, replicable and retrofittable. Starting with the fully operational Hanover plant, the project is aiming to demonstrate how the design can be retrofitted to existing cement plants without dramatically increasing their costs.

==> picture [530 x 116] intentionally omitted <==

Jan Theulen, Director Alternative Resources, HeidelbergCement said:

“The LEILAC-1 project has successfully demonstrated that both limestone and raw meal can be processed, that the unavoidable process CO2 is successfully separated, and that the technology fundamentally works. With the tireless efforts by the project team – with multiple organisations contributing their time and expertise from across the globe – we are confident that this scale-up step can be achieved.”

By providing a low-cost means of capturing hard-to-abate CO2 emissions, the LEILAC process has the potential to allow the cement and lime industries to efficiently capture their process emissions while continuing to safely and efficiently operate. Our aim is to enable industry to serve society and efficiently meet market demand, while achieving the Paris Agreement’s ambitions.

Construction is targeted for completion by end 2023, with the first commercial demonstration in early 2024.

In January 2021, CEMEX, a participant in the LEILAC-1 project, also announced it would join LEILAC-2 with a further commitment in cash and in-kind to help develop the technology.

The European Commission officially approved Cemex

joining the LEILAC-2 project following unanimous support from the LEILAC-2 consortium. The LEILAC-2 project is focussed on scaling Calix’s CO2 mitigation technology for the cement and lime industries to demonstration scale at HeidelbergCement’s Hanover cement plant, following a successful piloting of the technology via the LEILAC-1 project in Belgium.

CEMEX has committed in-kind support to the project given its strong technical expertise and knowledge of the cement production process, as well as a cash contribution which will be applied to the construction phase of the project.

Davide Zampini, Global R&D Head of CEMEX said:

“We are very enthusiastic about our continued participation in the LEILAC-2 project. Amongst the different technologies that we are pursuing, it is one of the most promising technologies to mitigate CO2 emissions in clinker production. We look forward to supporting Calix and the LEILAC team, and contribute to key developments in the pilot project. Above all, key members of the industry are collaborating to accelerate the possibility of adopting the technology.”

==> picture [260 x 412] intentionally omitted <==

LEILAC partners

==> picture [37 x 25] intentionally omitted <==

==> picture [50 x 21] intentionally omitted <==

==> picture [48 x 19] intentionally omitted <==

==> picture [51 x 16] intentionally omitted <==

==> picture [66 x 17] intentionally omitted <==

==> picture [47 x 13] intentionally omitted <==

==> picture [74 x 9] intentionally omitted <==

==> picture [26 x 26] intentionally omitted <==

==> picture [57 x 21] intentionally omitted <==

==> picture [54 x 15] intentionally omitted <==

==> picture [45 x 20] intentionally omitted <==

==> picture [29 x 25] intentionally omitted <==

==> picture [56 x 17] intentionally omitted <==

==> picture [46 x 17] intentionally omitted <==

==> picture [51 x 16] intentionally omitted <==

==> picture [40 x 7] intentionally omitted <==

For more info on Project LEILAC: www.project-leilac.eu

6

7

CALIX NEWS \ ISSUE 38 \ APRIL 2021

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

www.calix.global

==> picture [862 x 457] intentionally omitted <==

----- Start of picture text -----

WATER SOLVING GLOBAL CHALLENGES
----- End of picture text -----

==> picture [252 x 457] intentionally omitted <==

----- Start of picture text -----

Customer
success story
----- End of picture text -----

Caustic soda replacement at a fruit processing plant

For wastewater pH neutralisation

A food processing plant in the Pacific Northwest of the USA that manufactures fruit products was generating acidic wastewater, and was looking for a safer alternative to 50% NaOH (caustic soda) to adjust the pH before discharge to the municipal Publicly Owned Treatment Works (POTW).

Calix's US Water business, IER, proposed AMALGAM-60 (60% Mg(OH)2) as the alternative to caustic soda for cost, safety, and performance benefits.

CHALLENGES

SOLUTION

• Safety concerns of employees having to service tanks, pumps, and chemical feed lines that contain residual caustic, which is extremely hazardous to handle.

AMALGAM-60, an innovative magnesium hydroxide (Mg(OH)2) slurry, was found to provide better pH and alkalinity control compared with caustic soda (NaOH), releasing two hydroxides with every molecule added into the wastewater stream, while also being a very powerful buffering agent.

• Performance concerns regarding large swings in pH in the wastewater stream.

• Cost concerns due to price increases of 50% NaOH.

BENEFITS

Safety: Magnesium hydroxide is far safer than caustic soda.

Performance: Reduced fluctuations in the final effluent pH readings, which means the final pH was always above the permitted lower limit.

Cost: Despite being more expensive on a “per lb” basis, the year-end cost to treat the wastewater system with 60% Mg(OH)2 is significantly lower than that for 50% NaOH, due to a reduced Mg(OH)2 usage rate.

Read the full Customer Story:

https://www.calix.global/what-we-have-done/ caustic-soda-replacement-at-a-fruit-processingplant/

==> picture [214 x 100] intentionally omitted <==

==> picture [285 x 162] intentionally omitted <==

8

9

CALIX NEWS \ ISSUE 38 \ APRIL 2021

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

www.calix.global

SOLVING GLOBAL CHALLENGES

Calix technology to be piloted in novel energy storage system with Swedish company, SaltX, and Sumitomo

Another application for Calix’s core kiln technology - where we are seeing accelerating interest across multiple industries as they try to decarbonise traditional heating processes.

A Global Challenge

Renewable energy is becoming the new energy standard around the world and energy storage will be vital to support the transition from fossil fuel to green energy.

Approximately 15 % of the global energy production capacity needs to be stored to mitigate the volatility of renewable energy production. Energy storage will therefore help to make energy delivery more reliable.

When cities and industries head towards fossil-free energy systems, to reach the goals of the Paris agreement, many terawatt-hours of storage must be deployed. This is a challenge Calix and SaltX are willing to solve.

Find out more about SaltX: https://saltxtechnology.com/

Calix is pleased to announce that it has entered an agreement with Swedish based SaltX Technology Holding AB (“SaltX”) to design and construct a pilot scale 200kW electric powered direct separation reactor (“eDS”) in Sweden to be used as part of a process for storing and dispatching renewable energy.

SaltX has developed a technology that enables efficient peak shifting, to take advantage of the excess renewable energy available during the days and shift its availability to the high demand evening periods. SaltX’s patented “nanocoated” salt is the basis for a chemical looping system that will use Calix’s eDS to “heat” and dehydrate the salt when there is excess renewable energy. The dehydrated salt is then re-combined with water to produce heat and power when needed.

==> picture [242 x 98] intentionally omitted <==

----- Start of picture text -----

Free solar
energy
Expensive peak
energy
Cheap off
peak energy
am Time pm
Supply
----- End of picture text -----

Calix and SaltX have executed a purchase agreement for the design and supply of a 200kW eDS pilot reactor, as part of a demonstration project for the SaltX system. This reactor will be similar to the BATMn reactor that Calix successfully built and commissioned in 2019 at its Bacchus Marsh facility in Victoria. In addition, Calix will provide a non-exclusive, non-transferable limited license to SaltX to use the eDS reactor for the pilot plant. Calix joins Sumitomo as a partner with SaltX in the development of this system, which has significant potential in helping decarbonise the electricity grid as an energy storage system.

Calix will have the right to undertake its own research in the eDS unit and will work with SaltX on further collaboration on a larger 1MW capacity unit subject to the results achieved at the pilot plant.

Working with SaltX will provide Calix with the opportunity to further develop its eDS designs, apply our technology to a potential chemical energy storage technology and partner with a company with expertise in recovering embodied energy from dehydrated salts.

Phil Hodgson, MD & CEO of Calix said

“The use of Calix’s technology in base load energy storage systems was foreshadowed as we developed our SOCRATCES project in Europe – which is based upon solar-powered calcium looping and is progressing well (https://socratces.eu/). We are very pleased to be working with SaltX on their system now also – which has great potential for load balancing applications as the grid decarbonises”.

Carl-Johan Liner, CEO of SaltX said

“Calix are pioneers in developing sustainable solutions for many industries and therefore I believe this co-operation will have many benefits in SaltX's mission of developing energy storage solutions that will have a real change for the renewable energy sector”.

==> picture [259 x 186] intentionally omitted <==

----- Start of picture text -----

W I N N E R
----- End of picture text -----

10

11

CALIX NEWS \ ISSUE 38 \ APRIL 2021

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

www.calix.global

SOLVING GLOBAL CHALLENGES

==> picture [104 x 7] intentionally omitted <==

----- Start of picture text -----

SUSTAINABLE PROCESSING
----- End of picture text -----

•

Project SOCRATCES

Targeting low cost / low carbon energy supply

Innovating for the next generation of renewable electricity and heating technologies.

Calix is a member of the SOCRATCES Project, which is currently completing construction of an exciting new application of Calix's technology at the University of Seville in Spain. Seville is one of the leading locations for concentrated solar power (CSP) research and operation globally. The pilot plant comprises a solar field, a hybrid CSP-electric direct separation reactor (DSR) from Calix, a carbonator, and a power block. The facility is under construction and operations should begin in the next couple of months.

SOCRATCES is a European Commission-funded Horizon 2020 project which is investigating the use of ‘calcium looping’ as a form of concentrated solar power (CSP) energy storage. It runs from January 2018 to September 2021. It involves the design of novel reactors, their construction and operation, and finally their integration into a full working prototype.

It takes a lot of energy to calcine limestone (i.e. calcium carbonate) into lime (calcium oxide) and carbon dioxide. However, the other side to this chemical coin is that you get the same energy back if you recombine them. So, if you can calcine limestone when energy is plentiful, you should be able to recover much of that energy when it is scarce. This cyclical process is called calcium looping.

CSP uses banks of mirrors to focus large amounts of sunlight onto a small receiver, increasing its temperature to a level where steam can be produced to generate electricity. In SOCRATCES, instead of producing steam we calcine limestone using specially designed CSP direct separation reactors (DSR's) from Calix. DSR's are ideal for this process because they already operate with indirect heating, something which is highly desirable for SOCRATCES.

==> picture [251 x 364] intentionally omitted <==

==> picture [89 x 24] intentionally omitted <==

The lime and CO2 products are collected and stored in separate vessels. When the energy is needed (e.g. at night, or in winter) the two products can be passed to a carbonator reactor where they react. The resulting heat is removed from the vessel and used to produce the steam required for electricity generation. The limestone can be returned to the calciner, completing the loop.

The benefits of the SOCRATCES process are that the equipment does not use expensive and in-demand resources such as rare metals and lithium, and it does not suffer from the same gradual loss of stored energy over large timescales as electrical batteries. This makes it ideal for inter-seasonal storage, i.e. calcining during the sunny summer months and carbonating during the dark winter months.

Calix has provided the calciner design, as well as oversight of the construction work package. We are contributing to the experimental plan but due to current travel restrictions we are unable to attend site to assist with commissioning or operations.

While energy storage is one market for a CSP-DSR, it could also be used to make zero-emission lime products, or indeed any calcined material. There are several promising mineral extraction industries in countries with significant CSP expertise and infrastructure, such as Morocco.

While SOCRATCES has made good progress towards enabling CSP-DSR technology, more development work is required, especially looking at the design of full-scale calciners at megawatt scale, and overcoming some of the unique challenges that come with combining CSP and DSR technology.

Socratces partners:

==> picture [37 x 34] intentionally omitted <==

==> picture [34 x 34] intentionally omitted <==

==> picture [55 x 26] intentionally omitted <==

==> picture [49 x 23] intentionally omitted <==

==> picture [39 x 35] intentionally omitted <==

==> picture [54 x 16] intentionally omitted <==

==> picture [54 x 16] intentionally omitted <==

==> picture [40 x 16] intentionally omitted <==

==> picture [35 x 37] intentionally omitted <==

==> picture [36 x 30] intentionally omitted <==

==> picture [54 x 21] intentionally omitted <==

==> picture [49 x 19] intentionally omitted <==

==> picture [42 x 12] intentionally omitted <==

For more info on Project SOCRATCES: https://socratces.eu/

12

13

CALIX NEWS \ ISSUE 38 \ APRIL 2021

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

www.calix.global

•

It's all go at Bacchus Marsh

There’s been lots of activity on all fronts in recent months with two site tours for local politicians and media, an exciting sponsorship and some fundraising efforts by the dedicated Bacchus Marsh team who enjoyed coming together for a shared meal.

Cr Berry, Vincent Nguyen and Cr Dudzik during the December tour of the Bacchus Marsh plant.

In December, Calix commenced an engagement program with the local Bacchus Marsh (BM) community to showcase Calix’s achievements and future plans.

The aim was to reach out to local councillors, some of whom were newly elected in November, shire council executives, state and federal government members and local media to make them aware of the innovative technology and products being developed at the Maddingly facility and show that Calix is an important employer in the municipality.

Along with many other significant facts, we were pretty confident that many would not know that Calix is a member of the UN Global Compact, the world’s largest corporate sustainability initiative.

The first site tour on 14 December saw Moorabool Councillors Tonia Dudzik and Moira Berry (new), along with representatives from The Moorabool News and Moorabool Online, walk around the plant and take in an ACTI-Mag demonstration and presentation by Operations Manager, Vincent Nguyen.

Attending the second site tour on 27 January were Cr Rodney Ward (new), Steve McGhie MLA (State Member for Melton), Andy Waugh (Moorabool Council-Coordinator Economic Development & Activation), Justin Horne (Moorabool Council-Manager Environment & Waste Education), Sarah Kernohan (Moorabool Council-Coordinator Strategic Planning) and the Melton-Moorabool Star Weekly.

Another initiative to support the local community is Calix’s sponsorship of the Bacchus Marsh Senior Women's AFL football team, the Cobras. This partnership aligns with one of Calix’s three core values – Positive Impact. While Calix has reached out across the globe with operations on four continents, it is proud of its roots and wants to continue to support the communities in which it operates.

“It is a privilege to support the women's football team,” said Vincent Nguyen, “as Sustainable Development Goal 5: Gender equality (SDG5) - achieving gender equality and empowering all women and girls is also a big part of our sustainability agenda.”

Finally, over the recent months, the BM team has managed some funds for WaterAid to help raise awareness for clean water and sanitation.

Comments from tour participants included:

“It was very insightful and opened my eyes to the types of work happening in my town. Calix has a very clear message and the intellect to match - I look forward to following their work going forward.”

“I thoroughly enjoyed hearing about the innovation at Calix. Always considering environmental sustainability globally is a great achievement whilst employing locals wherever possible. A good news story for Bacchus Marsh and well done to the team at Calix.”

==> picture [231 x 260] intentionally omitted <==

The team enjoys a lovely meal as part of International Food Month, which helped raise $460 towards WaterAid.

==> picture [233 x 151] intentionally omitted <==

Vincent Nguyen, General Manager Operations during the site tour.

==> picture [232 x 120] intentionally omitted <==

Calix is proud to sponsor the Cobras local AFLW team.

14

15

CALIX NEWS \ ISSUE 38 \ APRIL 2021

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

www.calix.global

We believe our people are key to achieving our purpose.

==> picture [171 x 167] intentionally omitted <==

Introducing Hinne Temminck Tuinstra Head of Strategy & Portfolio

Hinne is a strategy professional bringing 20 years of international experience, where he focused on the energy, food, agriculture and other industrial sectors. He has led projects covering strategy development, performance improvement, commercial due diligence and post-merger integration.

Hinne began his career at the consultancy Booz Allen Hamilton (later Booz & Company), where his clients included oil and gas, chemicals, automotive companies and private equity in Europe, the Middle East and Asia. He rose through the company to become a Principal in 2014. In addition, he worked in business development for Delta Hydrocarbons, a PE-backed global Oil & Gas company.

More recently he was Head of Strategy for AB Sugar, a global sugar company with presence in Africa, China and Europe, where he led strategy and value creation initiatives including in agriculture, energy and M&A. Hinne also worked as an independent strategy consultant, serving clients in energy and retail.

Hinne holds an MBA from the Booth School of Business (The University of Chicago) and a Master of Science degree in Applied Physics (Delft University of Technology). Hinne is based in the UK, where his fluency in multiple languages and proximity to Europe will further enable Calix’s global footprint and global deal flow.

==> picture [250 x 171] intentionally omitted <==

==> picture [250 x 153] intentionally omitted <==

==> picture [126 x 153] intentionally omitted <==

==> picture [118 x 153] intentionally omitted <==

Outside of work, Hinne likes to spend time with his family: rediscovering the world with his son, including baking Dutch delicacies, and enjoying (online) concerts and theatre with his wife. In addition to doing a weekly park-run, he is also a bit of a movie buff.

“I am very excited to join this impressive Company and help them solve global sustainability challenges!”

www.calix.global 16

17

CALIX NEWS \ ISSUE 38 \ APRIL 2021

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

•

Calix in the media

Videos

==> picture [174 x 96] intentionally omitted <==

==> picture [174 x 26] intentionally omitted <==

WE ARE CALIX - we believe it’s not so much about what we do, it’s why we do it

https://youtu.be/8O9d6mOQUdc

==> picture [200 x 200] intentionally omitted <==

==> picture [170 x 116] intentionally omitted <==

Slurry chemistry podcast - ACTI-Mag magnesium hydroxide’s reactivity in wastewater treatment https://youtu.be/2pFW31G6Rc4

==> picture [174 x 113] intentionally omitted <==

Sustainable aquaculture series - AQUA-Cal+ - Episode 1 https://youtu.be/DKu2rUmvK6M

==> picture [174 x 111] intentionally omitted <==

Audrey Barucchi on the importance of people and values | Solving Global Challenges https://youtu.be/pHZO6RNgAnY

Podcast

==> picture [378 x 212] intentionally omitted <==

Calix Podcast - Episode 1 INNOVATING FOR THE EARTH feat. James O’Loghlin & Mark Sceats https://youtu.be/vcbLpd-jdJA

18

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

==> picture [147 x 112] intentionally omitted <==

==> picture [140 x 76] intentionally omitted <==

==> picture [220 x 45] intentionally omitted <==

Media coverage

Follow us on Twitter @CalixLimited

Calix’s ACTI-Mag solution for dairy wastewater https://www.foodprocessing.com.au/content/processing/sponsored/calix-s-acti-mag-solution-for-dairy-wastewater-1107843152

Calix in The Moorabool Shire News (p.14) reporting a site tour with CRs Moira Berry & Tonia Dudzik of the Bacchus Marsh facility

==> picture [199 x 70] intentionally omitted <==

https://issuu.com/themooraboolnews/docs/mn_2021-01-12

==> picture [96 x 111] intentionally omitted <==

==> picture [91 x 112] intentionally omitted <==

Combating carbon emissions will carry a cost

https://www.theaustralian.com.au/business/economics/combating-carbon-emissions-will-carry-a-cost/news-story/2ccbb0e36 4ff1665ce2ee20555e28e90

Using carbon capture to innovatively reduce cement industry emissions: a virtual ‘visit’ to LEILAC, Belgium https://www.theclimategroup.org/our-work/news/LEILAC_site_visit

HeidelbergCement scales up CO2 capture technology

==> picture [200 x 54] intentionally omitted <==

==> picture [96 x 110] intentionally omitted <==

==> picture [93 x 110] intentionally omitted <==

https://www.forconstructionpros.com/sustainability/news/21259265/heidelbergcement-ag-heidelbergcementscales-up-co2-capture-technology

Decarbonisation of cement moves a step closer

https://www.aumanufacturing.com.au/decarbonisation-of-cement-moves-a-step-closer CEMEX to participate in LEILAC-2 decarbonisation project https://www.globalcement.com/news/item/11965-cemex-to-participate-in-leilac-2-decarbonisation-project

==> picture [74 x 53] intentionally omitted <==

Calix executes agreement with Adbri for lime calciner project: https://www.aumanufacturing.com.au/adbri-joins-calix-todevelop-zero-emission-lime-production https://themarketherald.com.au/calix-asxcxl-executesagreement-with-adbri-for-lime-calciner-project-2021-03-30/

Calix teams up with SaltX for new energy storage system:

==> picture [202 x 58] intentionally omitted <==

https://saltxtechnology.com/saltx-enters-new-partnership-to-scale-up-and-optimize-the-charging-reactor/ https://www.aumanufacturing.com.au/calix-electric-reactor-to-heat-salts-in-energy-storage-pilot https://www.eqmagpro.com/salt-based-energy-storage-trial-taps-frst-class-australian-technology/ https://reneweconomy.com.au/salt-based-energy-storage-trial-taps-frst-class-australian-technology/ https://themarketherald.com.au/calix-asxcxl-teams-up-with-saltx-for-new-energy-storage-system-2021-03-01/ https://stockhead.com.au/energy/calixs-kiln-technology-to-support-salt-energy-storage/ Calix EU partner SaltX a winner in 1M euro energy challenge: https://reneweconomy.com.au/salt-based-storage-solution-with-australian-connection-wins-eu-energy-challenge/

19

CALIX NEWS \ ISSUE 38 \ APRIL 2021

www.calix.global

==> picture [112 x 37] intentionally omitted <==

To learn more about Calix technology, products, applications and services: www.calix.global

Share

MARSISFORQUITTERS

Calix is committed to sustainable practices that contribute to saving the planet. This means we try to reduce printing where possible or make sure that when we do print it is on 100% recycled paper. We appreciate your support in this important initiative.

Or call 1300 0 CALIX