NOVONIX Ltd — Interim / Quarterly Report 2019

Oct 30, 2018

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Quarterly Activities Report July – September 2018

Accelerating adoption of battery technologies for a cleaner energy future

31 October 2018

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General disclaimer

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• This document has been prepared by NOVONIX Limited (“the Company” or “NOVONIX”). No representation, expressed or implied, or warranty as to the accuracy or completeness of the information contained herein is made by any party and nothing contained herein shall be relied upon as a promise or representation as to the future. In all cases, recipients should conduct their own investigation and analysis of NOVONIX.

• This presentation, including the information contained in this disclaimer is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian law or under any other law. It is for information purposes only and does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and neither the presentation, disclaimer nor anything contained in them forms the basis of any contract or commitment. This presentation does not take into account your individual investment objectives, financial situation or particular needs. You must not act on the basis of any matter contained in this presentation, but must make your own assessment of the Company.

• All statements in this presentation, other than statements of historical facts, which address the future activities and events or developments that the Company expects to occur, are forward looking statements. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.

• Forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current activities; assumptions in economic valuations which prove to be inaccurate; possible variations product performance and reliability; climate events; political and regulatory changes; delays in obtaining approvals or financing or in the completion of development or construction activities.

• To the maximum extent permitted by law, none of NOVONIX or its related corporations, directors, employees or agents, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. Recipients should make their own enquiries in relation to any investment decisions.

• Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is current as at the date of this presentation and the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results otherwise. There can be no assurance that forward-looking information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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Contents

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CORPORATE INFORMATION

• Company overview

• Activities & highlights July - September

• FY2019 outlook

• Investment highlights

STOCK INFORMATION
ASX Code	NVX
ASX Share Price @17 October 2018	A$0.54
52 Week Low - High	A$0.45 – A$1.91
Shares on issue	123m
Market Capitalisation	A$66m
CURRENT CASH POSITION
Cash available to PUREgraphite JV at 30 September	A$2.9m
Cash available (excluding PUREgraphite JV) at 30 September	A$4.9m
Total cash available for operations at 30 September	A$7.7m

FY2018 FINANCIAL INFORMATION
FY2018 Revenue		A$2.1m
Total Assets @ 30 June 2018		A$34.2m
Total Liabilities @30 June 2018		A$1m
SHAREHOLDINGS	(m)	%
Board and KMP – ordinary shares	49.55	40%

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Company overview

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• NOVONIX is an international battery technology company

• Producer of battery anode material that extends battery life

• Manufacturing battery tech that cuts R&D time to weeks from years

• Owner of a World-Class Natural Graphite Deposit (18%TGC)

• NOVONIX is a leading brand used by battery & OEM multinationals

• Based in USA, Canada and sales in fourteen countries

• Infrastructure and equipment in place, scaling business and sales

• Board experienced in building billion-dollar businesses

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Activities and highlights for July – September

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PUREgraphite Joint Venture (anode material production) – 50% NOVONIX-owned

• US announces a 10% tariff on imports of graphite from China in July 2018

• First lot of commercial milling equipment received in Tennessee, more to be delivered over the next three months

• First lot of commercial furnaces under manufacture and on track for installation February/March 2019

• Modifications to the Tennessee facility underway to accommodate the commercial production

Battery Technology Solutions (BTS) – 100% NOVONIX-owned

• On track for another 30%+ growth in high-precision battery testing equipment sales

• Government of Canada (NRC IRAP) provided a C$487,693 R&D support grant

• Strategic battery R&D partnership forged with Dalhousie University, commencing on 1 October

Mount Dromedary Battery Materials Upstream Project – 100% NOVONIX-owned

• Graphite mining lease (Cloncurry, Queensland) - permitting process continues with the Queensland Government

• Planning follow-on exploration from recent Copper discovery with the planned Mount Dromedary Mining Lease area

• Corporate

• Andrew Liveris AO appointed to the NVX Board - official 2 July 2018

• A$5.5m raised to fund working capital as the business transitions into production – announced 31 July 2018

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Outlook FY2019

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• Well positioned to participate in the rapidly growing battery, EV & ESS markets

• On track to achieve another 30%+ growth in battery test equipment sales

• On track to build of our first commercial battery anode production plant

• On track to commence commercial production and sales of battery anode material

• Developing valuable next generation battery materials IP in partnership with Dalhousie University (Prof. Mark Obrovac Laboratory)

• Developing valuable electrolyte IP via our in-house electrolyte R&D program

• Expanding the battery testing and other services with focus on EV battery testing

• Permitting and exploring commercial options for the Mount Dromedary mining asset

• Pursuing opportunities to accelerate, grow and diversify

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Exploration and Mining Tenements

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About NOVONIX and Further Information

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NOVONIX LIMITED (ASX: NVX) is an integrated developer and supplier of high performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in 14 countries. The Company also owns a world-class, large and high-grade natural graphite deposit in an established mining province in Australia.

NOVONIX's mission is to accelerate the global development and adoption of Lithium Ion Battery technologies for a cleaner energy future.

FOR FURTHER INFORMATION

Philip St Baker Managing Director Phone: +61 438 173 330 Email: phil@novonixgroup.com Website: www.novonixgroup.com

For more detailed information on NOVONIX and the market opportunity, please refer to the recent company presentation delivered in Melbourne on 18 October 2018 to the Australian Microcaps Conference: https://www.asx.com.au/asxpdf/20181018/pdf/43zcjzw97dx9wq.pdf

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Contact information

Corporate contact information

USA & AUSTRALIA

Contact: Philip St Baker Email: phil@novonixgroup.com Telephone: +1 970-376-4918 Telephone: +61 4-3817-3330

New York City, New York, USA

Contact: Nick Liveris Email: nick@novonixgroup.com 33 Irving Pl, New York, NY 10003 Telephone: +1 989-859-3213

Battery Technology Solutions (BTS) facility

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Dartmouth, Nova Scotia, CANADA

Contact: Dr Chris Burns Email: chris@novonixgroup.com 177 Bluewater Road, Bedford, NS B4B 1H1, Canada

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PUREgraphite battery materials development facility

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Chattanooga, Tennessee, USA

1084 Duncan Avenue, Chattanooga, TN, 37404, USA

Brisbane, Queensland, AUSTRALIA

Contact: Greg Baynton Email: greg@novonixgroup.com Level 12 – 114 Edward Street Brisbane, Qld, Australia Telephone: +61 4-1497-0566

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