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CLEARVUE TECHNOLOGIES LIMITED Investor Presentation 2021

Jun 9, 2021

64697_rns_2021-06-09_c91302ec-2ce1-4667-b927-92a1f1a8fddc.pdf

Investor Presentation

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C L E A RV U E T E C H N O LO G I E S L I M I T E D

I N V E S T O R P R E S E N T A T I O N June 2021

Legal Disclaimer

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This presentation has been prepared and issued by ClearVue Technologies Limited (the “ Company ”) to assist it in informing interested parties about the Company and its progress which is current as at the date of this presentation. This presentation is for information purposes only it should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. This presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation. Neither the Company or its advisers have verified the accuracy or completeness of the information, statements or opinions contained in this presentation. This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so). Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001, Corporations Act 2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in the Company.

Future Matters | This presentation may contain reference to certain intentions, expectations, future plans, strategy, revenue forecasts and prospects of the Company. Those intentions, expectations, future plans, strategy, revenue forecasts and prospects may or may not be achieved and may be “forward-looking statements”. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy, revenue forecasts and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.

US Disclosure | This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any “US person” as defined in Regulation S under the US Securities Act of 1993 (“ Securities Act ”). The Company’s shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration including an exemption for qualified institutional buyers.

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I. CAPITAL STRUCTURE & GOVERNANCE

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Corporate and Capital Structure

Capital Structure

(as at 9 June 2021)

No debt.

Shareholders

(as at 9 June 2021)

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Ordinary Shares on Issue 176,288,107

Top 20 holding 39.04% of Issued Capital^ 16.45% held by founders, board and management*

Options on Issue 28,167,519 AUD $0.25 exercise price - exp. Jun 2021 – 14,842,272 AUD $0.20 exercise price – exp. 31 Dec 2022 – 9,775,247 AUD $0.25 exercise price – exp. 22 Dec 2023 – 800,000 AUD $0.1425 exercise price – exp. 11 Jul 2024 – 2,750,000

Performance Shares 13,000,000 Approx. Market Cap @ $0.495 ≈ $85 million

Cash Balance (31 March 2021) $2.8m

(per 4C lodged with ASX 30 April 2021) (Unaudited Cash at Bank as at 9 June approx. $13.5m )

Share Price Performance (May 2018 – 9 June 2021)

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*Balance of options and % held by founders, board and management disclosed, reflect 22,660,099 shares to be issued on conversion of options (refer to the Company’s announcement dated 4 June 2021).

^ Does not include shares to be added to Top 20 holder holdings following issue of shares on conversion of options (per 4 June 2021 announcement).

4

Management
Key Management
Role
Experience
Brief Bio
Former co-founder and CEO of ertex solar GmbH – a leading global BIPV supplier with more than
Directors
Role
Experience
Brief Bio
Victor Rosenberg
Executive
Chairman
25 years glass industry
Serial Entrepreneur. Globally recognised for his contributions to glass industry. Extensive
business experience in senior management and sales over approx. 50 years.
Stuart Carmichael
Non-Exec Director
20 years corporate finance
Member of the Institute of Chartered Accountants with over 20 years corporate finance
experience. Currently Chairman of Schrole Group Limited (ASX:SCL) and K-TIG Limited (ASX:KTG),
and Non-executive Director of De.mem Limited (ASX:DEM), Swick Mining Services (ASX:SWK)
and Osteopore Limited (ASX: OSX).
Roger Steinepreis
Non-Exec Director
30 years corporate law
Corporate and resources lawyer with 30+ years’ experience. Legal adviser to a number of public
companies on a wide range of corporate related matters. Currently serves as Non-Executive
Director on various Boards including Petronor E&P Limited (Oslo Access: PNOR), Latitude
Consolidated Limited (ASX: LCD), and is Non-Executive Chairman of Apollo Consolidated Limited
(ASX: AOP).
Deborah Ho / Brett
Tucker
Joint Co
Secretaries
Combined over 12 years corporate and
compliance
Company Secretaries to a number of ASX listed and private companies and has been involved in
numerous public corporate transactions and acquisitions. Mr Tucker is a Chartered Accountant
and Ms Ho is an Associate of the Governance Institute of Australia.
Board
Dieter Moor
European CEO
17 years BIPV industry experience

2000 projects delivered worldwide. Dieter has a background in civil engineering with extensive
experience with sales and marketing of BIPV systems gained over the last 30+ years.
Jamie Lyford
COO & GC
25+ years IP law / technology
commercialisation
IP and licensing lawyer with over 20 years experience. Previously worked in leading Australian
and overseas law firms, BHP, global IT company ATOS and ran Western Australian Government
Innovation Centre.
Geoff Edwards
CFO
30 years experience in CFO, senior
financial and commercial roles
Geoff is qualified CPA with over 30 years experience in CFO (including ASX listed companies),
senior financial and commercial roles across a variety of service organisations.
During that time, Geoff has acquired a wealth of knowledge with start ups, mergers and
acquisitions, high growth businesses, equity and debt capital raisings, turn arounds, building
financial systems and procedures and strategic planning and implementation.
Technical Team
Key Management
Role
Experience
Brief Bio
Steve Coonen
VP
Development
– Products,
Technology &
Sales (North
America)
38 years experience in photovoltaics;
26 year focus on BIPV
Steve Coonen is a photovoltaic consulting engineer, specializing in building integrated
photovoltaics (BIPV) based in California. Mr Coonen is a pioneer in the BIPV field and whilst
working on the ClearVue technology development pipeline assists with North American sales
opportunities.
Mr Coonen currently has over 3,000 BIPV systems fielded to his credit, including the California
Academy of Science in San Francisco, the Whitehall Ferry Terminal in Manhattan and 1,500 new
houses for Pulte Homes.
Dr Mikhail Vasiliev
Lead Scientist
20+ years physics
Mikhail has extensive science and technology background, from developing fibre-optic sensors
and laser interferometers in the 1990’s, to the design of solid-state lasers in the 2000’s, followed
by 15 years of experience as Senior Research Fellow at Edith Cowan University, where he
concentrated on nanotechnology and materials science projects and still supervises PhD
students. He has contributed to the design and development of Clearvue core components and
technologies, including advanced low-e coatings, glazing systems, luminescent/diffractive
interlayers, and solar window systems. He is a multi-skilled expert in the fields of optical physics,
optical engineering, photonics, nano-engineered functional materials and also in scientific
software development. Mikhail has a PhD (Physics), Victoria University (Melbourne, Australia)
and has co-authored multiple (> 50) high-impact research articles published in international
peer-reviewed journals.
Tao Zhang
Structural
Engineer
16+ years engineering
Tao is a chartered professional engineer in both Australia and Chinas with 16+ years experience.
Tao works as Project Manager & Senior Technical Officer in ClearVue and leads our technical
team on ClearVue product certification programs and is involved in all aspects of ClearVue’s R&D
efforts. Tao also supports our sales efforts and manages our global OEM manufacturer and
supplier relationships.
Chris Cole
Mechatronic
Engineer
Graduate mechatronic engineering
A recent graduate of Sydney University with a degree in Mechatronic Engineering (first class
honours), Chris has a background installing sensing equipment on solar and wind farms. He is
involved in the design, development, construction, programming and testing of our Smart
Façade prototypes, and brings a knowledge of integrated software, hardware and AI systems to
the team.

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II. COMPANY UPDATE

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Company & Technology Overview

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Smart Building Technology Company

Creating smart building materials that are:

Part of the solution for achieving:

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  • Zero net energy

  • Zero net carbon

  • Sustainable

  • Reducing carbon footprint

  • Energy Efficient

  • Autonomous clear

  • Positive environmental outcomes

  • functional windows

The ClearVue product can be used to achieve:

Technology & Product

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A clear glass panel that is:

  • significant energy cost savings

  • Energy saving/producing

  • prevent unwanted solar

  • Highly insulating

  • radiation (UV and IR) from entering a building; and

  • Reduces carbon footprint

  • Scalable

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  • then converting the unwanted radiation into .

  • electricity

8

ClearVue’s Technology – An Overview

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  • ❑ ClearVue’s patented technology sits within an activated interlayer between two panes of glass.

  • ❑ Visible light (VIS) passes through the glass

  • Micro & nano particles interact with Ultraviolet (UV) radiation which is down-converted to longer wavelengths and scattered along with Infrared (IR) light to the edges of the glass

  • ❑ IR is collected by Photovoltaic (PV) cells and produces electricity

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  • ❑ Reduces heat and blocks damaging UV and IR radiation

  • ❑ Insulation properties reduce heating and cooling costs

  • ❑ ClearVue has extensive IP protection on its technology and products - 85 granted patents and 40 patent applications throughout the World

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Core Solar PV Window Products

Large Sizes

  • 2.5+m high x 1.2+m wide (>3 sqm)

Size Range

ClearVue can create varying IGU panel side lengths of between 600mm up to 2550mm and provide for more than 45 different IGU panel size combinations catering for most window use-cases and applications.

  • The ClearVue glass/window product is both CLEAR and FUNCTIONAL

- SCALABLE PRODUCT In both scalable in size (¼sqm, ½sqm, ¾sqm, 1sqm , 1.2sqm , 1.4sqm already) - up to 3sqm ;

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10

Smart Façade Developments

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The ClearVue Advantage

  • Clear and Functional – fits multiple applications

  • ❑ Efficient – 3 to 4% conversion of radiance to

energy

  • ❑ Scalable – up to ~3sqm windows

  • ❑ Easy to Manufacture – integrates into existing window manufacturing production supply chain

  • ❑ Certified - USA – UL; Europe - MEA & IEC; Australia under AGWA & Intertek

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  • ❑ Cost Effective - Competitively priced, short payback periods

  • ❑ Ready to Deploy - Commercialisation commenced

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Commercialising ClearVue - deploying the technology

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Clearvue’s aim is to deploy the existing technology for commercial return

Deployments

  • Commercial High Rise Buildings

  • ▪ Protected Cropping – Greenhouses ▪ Showcase Deployments

Key Factors

  • Utility Prices

  • Government Incentives

  • Climate and Geography

  • Glazing regulations

  • Market Size

Key Locations

  • Australia

  • USA

  • Northern Europe (Germany)

  • China (JV)

  • Manufacturing Supply Chain ▪ PV Strips -China & Taiwan ▪ US ▪ Interlayer - Europe /China/US

Market Entry

  • Digital Campaigns & new website

  • ▪ Licence arrangements (KPI’s)

  • Direct Marketing (feasibility study’s)

  • ▪ Showcase Deployments

Partners / Promoters

  • Architects

  • Façade Engineers

  • Project Developers

  • Property Fund Manager

  • Resellers

  • Greenhouse developers

  • Farmers

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Business and Revenue Model

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ClearVue will derive revenues from:

  • Direct sales: The Company will initially sell and supply fully assembled IGU/window products direct to distributors and licensed channel partners in Australia and worldwide. Then, as manufacturing licensees are appointed in different :

  • territories the revenue streams that follow will apply

  • Component sales (US$245 m2): The company will sell technology/product components to its manufacturing licensees including its proprietary nano and micro particle doped activated interlayer and its proprietary mini solar photovoltaic strips for use inside of each integrated glazing unit*;

  • ❑ Minimum sales requirements of a distribution only licensee or a manufacturing/distribution licensee is: 5,000 sqm for year 1, 10,000sqm for year 2, 20,000 sqm for year 3, 30,000 sqm for year 4 & 40,000 sqm for year 5.

  • ❑ One licensee (only) achieving their performance criteria equates to over USD $25m in revenue over 5 years.

Notes:

  • *Complete ClearVue IGU’s initially to be sold in Australia by ClearVue to gain market acceptance. Approx. per sqm rate may change based on order quantities and scaling, country and project specific requirements.

Size of the Market

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“By 2060, the world is projected to add 230 billion m2 (2.5 trillion sq ft) of buildings, or an area equal to the entire current global building stock. This is the equivalent of adding an entire New York City to the planet every 34 days - for the next 40 years.” (Zero Code: https://zero code.org/)

  • Global market for building-integrated photovoltaic (BIPV) technologies was USD $2.4 billion in 2016. Market to grow to USD $4.3 billion by 2021 (with a compound annual growth rate (CAGR) of 12.2% for the period 2016 to 2021).¹

  • ClearVue’s target market represents in excess of 2.1 billion sqm² of glass per annum (total market size 5.5 billion+ sqm of glass per annum)² ( Target Market ).

  • It is expected that a small 10 floor 25,000 sqm building could deploy approx. 3,150 sqm minimum of ClearVue product (assuming 3 building sides of 50m long and part floors of 2.1m high only)#.

  • A single large building, for example the One World Trade Center (Freedom Tower) New York City has over 93,000 sqm of glass.

Sources:

  1. https://www.bccresearch.com/market-research/energy-and-resources/building-integrated-photovoltaics-markets-report-egy072C.html

  2. https://www.nsg.com/~/media/NSG/Site%20Content/Temporary%20Downloads/Japanese/NSGFGI_2011%20EN2.ashx

  3. ClearVue does not represent that it will be able to obtain such market share or that such revenue can be achieved. See Disclaimer Slide Page 2. # See ASX Announcement - Technical Update 28/03/2019 - https://www.asx.com.au/asxpdf/20190328/pdf/443v6jr2zhbvm7.pdf

Commercialising ClearVue- deploying the technology

2018

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  • ❑ MOUs signed for first licensed distributors

  • ❑ MOUs signed with various collaborators including Mirreco to build showcase mini-home

  • 2019

  • ❑ First demonstration site, Warwick Grove Shopping Centre atrium

  • ❑ ECU research agreement for micropatterned solar cells

  • ❑ Supplier agreement signed with BeyondPV of Taiwan to secure supply of solar strips

  • ❑ UL and IEC certification for ClearVue’s solar PV IGU product allowing sales in North America and Europe

  • 2020

  • ❑ Agreement with eLstar Dynamics BV to develop project combining ClearVue window capable of lighting control (demonstrated)

  • ❑ Distribution Agreement with Insulsteel Building Sciences US

  • ❑ LOI with Jinmao Green Building Technology Co (subsidiary of Fortune 500 Sinochem)

  • ❑ Jinmao villa China (in progress);

  • ❑ MOU signed with Virtuality Venues – “City of Lights” – 568 acre project with 12 hotels

  • ❑ Distribution Agreement with AMB Brasil

  • ❑ Glass supplied for sustainable greenhouse at Fujisan Winery near Mt Fuji

Commercialising ClearVue- deploying the technology

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2021

  • ❑ Global digital marketing campaign and new website launched - 1 April 2021

  • ❑ Signed Distribution Agreement with Tomita Technologies in Japan for Greenhouses – 12 April 2021

  • ❑ Showcase project – Greenhouse Project Murdoch – opened 19 April 2021

  • ❑ Listed onto OTC QB to better engage with US market – 26 April 2021

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  • ❑ Announced major product development – single and double glazed versions of product – 18 May 2021

  • ❑ ClearVue to form JV with eLstar Dynamics BV in the Netherlands – 26 May 2021

Upcoming 2021

  • ❑ Demonstration project - New York City

  • ❑ Plant Science Trials commencing in Greenhouse at Murdoch

  • ❑ Showcase project – Mirreco mini-home;

  • ❑ Securing additional licensees in target geographies (in progress)

  • ❑ Conversion of showcase projects, licensees and marketing efforts into purchase orders – primary focus on US and European markets, focus on quicker sales (greenhousing)

Murdoch University Solar Glass Greenhouse

  • ❑ Officially opened 19 April 2021

  • ❑ World first clear solar glass greenhouse

  • ❑ Why is it so significant?

  • Renewable energy for sustainable food production

  • Environmental sustainability

  • Improved human health benefits

  • Higher crop yields

  • Supports agricultural research & development

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18

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Murdoch University Solar Glass Greenhouse

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Single & Double Glazing Product Development

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eLstar Dynamics BV – Joint Venture

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Investment Highlights

Attractive industry thematic

  • ESG investment opportunity in global growth sectors of BIPV, smart cities and food security

  • Unique with high consumer buy in

  • Regulatory support across multiple jurisdictions – EU and US focus – change in Govt in US anticipated to impact growth

  • Large Addressable Market

Proprietary Technology

  • First in class product

  • Strong IP portfolio

  • Regulatory requirements met for sales in key regions

  • Price competitive with payback period

  • Strong product and tech development pipeline

Near term catalysts

  • Showcase deployments – under way

  • Continued deal flow

  • High quality counterparty engagement

Refocussed Business

  • Investor entry low compared to competitors

  • New European CEO

  • Experienced Board

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[email protected]

www.clearvuepv.com facebook.com/clearvue/ linkedin.com/company/clearvuepv/+61 8 9220 9020

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