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NOVONIX Ltd — Investor Presentation 2021
Nov 29, 2021
33557_rns_2021-11-29_8917586d-ab17-426a-9e77-adccd41b37d7.pdf
Investor Presentation
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Graphite Graphite
10 µm SC-622 SC 622
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The information contained in this presentation (the “ Presentation ”) has been prepared by NOVONIX Limited (ACN 157 690 830) (“ the Company ” or “ NOVONIX ”) solely for information purposes and the Company is solely responsible for the contents of this Presentation. It is intended to be a summary of certain information relating to the Company as at the date of the Presentation and does not purport to be a complete description of NOVONIX or contain all the information necessary to make an investment decision. Accordingly, this Presentation is not intended to, and should not, form the basis for any investment, divestment or other financial decision with respect to the Company. Any reproduction or distribution of the Presentation, in whole or in part, or the disclosure of its contents, without prior consent of the Company, is prohibited.
Not an Offer
This Presentation does not constitute nor does it form part of an offer to sell or purchase, or the solicitation of an offer to sell or purchase, any securities of the Company. This Presentation may not be used in connection with any offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making the offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. Any offering of securities will be made only by means of a registration statement (including a prospectus) filed with the U.S. Securities and Exchange Commission (the “ SEC ”), after such registration statement becomes effective, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act of 1933, as amended. No such registration statement has become effective, as of the date of this Presentation.
Forward-Looking Statements
This Presentation contains forward-looking statements about the Company and the industry in which it operates. Forward looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. The Company has based such statements on its current expectations and projections about future events and trends that it believes may affect its financial condition, results of operations, business strategy and financial needs. Such 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, regulatory developments in the United States, Australia and other jurisdictions, the continuation of the Company’s partnership with the Research Group of Dr. Mark Obrovac at Dalhousie University for the development of the Company’s technology, the Company’s ability to scale-up production of its anode or cathode materials and the Company’s ability to attract and retain key management and technology personnel. Forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this Presentation. Accordingly, recipients of this Presentation should not place undue reliance on forward looking statements. The Company disclaims any obligation to update any forward-looking statements made in this Presentation to reflect events or circumstances after its date or to reflect new information or the occurrence of unanticipated events, except as required by law.
Industry and Market Data
This Presentation contains estimates and information concerning our industry and our business, including estimated market size and projected growth rates of the markets for our products. Unless otherwise expressly stated, we obtained this industry, business, market, and other information from reports, research surveys, studies and similar data prepared by third parties, industry, and general publications, government data and similar sources. This Presentation also includes certain information and data that is derived from internal research. While we believe that our internal research is reliable, such research has not been verified by any third party.
Estimates and information concerning our industry and our business involve a number of assumptions and limitations. Although we are responsible for all of the disclosure contained in this Presentation and we believe the third-party market position, market opportunity and market size data included in this Presentation are reliable, we have not independently verified the accuracy or completeness of this third-party data. Information that is based on projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate is necessarily subject to a high degree of uncertainty and risk due to a variety of factors, which could cause results to differ materially from those expressed in these publications and reports.
Trademarks, Service Marks and Trade Names
Throughout this Presentation, there are references to various trademarks, service marks and trade names that are used in the Company’s business. “NOVONIX,” the NOVONIX logo and other trademarks or service marks of NOVONIX appearing in this Presentation are the property of NOVONIX or its subsidiaries. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation are listed without the ® or ™symbol, as applicable, but such references should not be construed as any indicator that their respective owners will not assert, to the fullest extent under applicable law, their right thereto. All other trademarks, trade names and service marks appearing in this Presentation are the property of their respective owners.
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ASX: NVX
OTCQX: NVNXF
1
Contents
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Company Overview and FY2021 Highlights
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Summary of Recent Notable Announcements
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Phillips 66’s Strategic Investment
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North American EV/ESS Industry Momentum
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Status of Anode Materials division
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Status of Battery Technology Solutions division
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Cathode materials and DPMG technology update
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Contact Information
Financial Summary
| STOCK INFORMATION @ 26 November 2021 | STOCK INFORMATION @ 26 November 2021 |
|---|---|
| ASX Code | NVX |
| ASX Share Price | A$10.68 |
| 52 Week Low – High | A$1.01 – A$11.35 |
| Shares on issue | 482,563,962 |
| Market Capitalisation | A$5.15B |
| CASH POSITION @ 30 September 2021 | |
| Cash Available | A$291.0M |
| FINANCIAL INFORMATION FY2021 | |
| Revenue | A$5.2M |
| Total Assets @ 30 June 2021 | A$202.9M |
| Total Liabilities @ 30 June 2021 | A$18.5M |
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ASX: NVX OTCQX: NVNXF
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NOVONIX provides battery development and material technology. We develop and supply what we believe to be the most accurate battery testing technology in the world. To our knowledge, we are the only qualified US-based supplier of battery-grade synthetic graphite anode material.
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Better Performance, Longer Life, Lower Cost
Only Qualified US-Based Developing New Applications
Most Accurate Battery Testing
Supplier of Synthetic Graphite and Partnerships
Technology
Anode Material
Cathode Materials
Battery Technology Solutions Anode Materials
ASX: NVX OTCQX: NVNXF
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3
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Leadership Team
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Scientific & Technical Advisors
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Dr. Jeff Dahn Dr. Mark Obrovac Chief Scientific Advisor Sponsored Researcher
Dr. Chris Burns Chief Executive Officer
Nick A. Liveris Rashda Buttar Suzanne Yeates Chief Financial Officer SVP & General Counsel Financial Controller & Co Secretary
Board of Directors
Tony Bellas Andrew N. Liveris AO Admiral Robert J. Natter Zhanna Golodryga Trevor St Baker AO Greg Baynton Robert Cooper Chairman & Non-Executive Director Non-Executive Director Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director
Key leadership and technical experience:
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ASX: NVX OTCQX: NVNXF
4
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Battery Technology Solutions
Primary Focus
Specialty Battery Battery Cell and Pack
Battery Raw Battery Material
Materials Production EV & ESS OEMs
Materials Refining
Anode Materials Energy Storage Partnership
Cathode Materials
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Note: Companies presented above are for indicative purposes only and not a representation of customer relationships.
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ASX: NVX OTCQX: NVNXF
5
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Battery Technology Solutions
Testing Design Prototyping
Technology accelerates R&D from years to weeks
Developing New Applications and Partnerships
Anode Materials
Cathode Materials
Energy storage partnership
Conditional Sales Agreement Non-binding MOU
in North America [1]
First supplier of US-made high-capacity long-life synthetic (Exclusive in battery technology)
graphite anode material
Battery Technology Solutions serves as the pillar for innovation across the NOVONIX ecosystem, creating a positive feedback loop to drive technological
advancement and deliver best-in-class products and services for customers
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(1) We are currently collaborating with Emera to design a battery pack including innovative designs, custom manufacturing and control systems to support Emera Technologies’ BlockEnergy microgrid.
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ASX: NVX OTCQX: NVNXF
6
22 Dec 2020: Expanded 09 Aug 2021: Phillips 66 collaboration with Samsung 19 Jan 2021: Leading 12 Feb 2021: NOVONIX 26 Feb 2021: Completion of 09 May 2021: Filed draft announced US$150m to utilize the next researcher, Dr. Jeff Dahn entered into a new five year ASX equity raise of A$115m registration statement with strategic investment in generation technology being appointed as Chief Scientific research sponsorship to support growth of U.S. SEC in connection with NOVONIX, advancing developed with Harper Advisor, effective July 2021 agreement with Mark NOVONIX Anode Materials a potential initial public NOVONIX’s production of International, with deliveries Obrovac’s Research Group with an additional ~A$16m offering in the U.S. via synthetic graphite for highset to commence in the of Dalhousie University from directors Nasdaq performance lithium-ion second half of 2021 batteries
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December 2020
Today
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Apr 2021: Completed 19 Feb 2021: Emera and installation of first NOVONIX partner on Generation 2 furnace innovative residential system built by Harper energy storage technology under our strategic partnership program and initiated build of first Gen 3 furnace
23 Jun 2021: Under contract 20 Oct 2021: Zhanna to purchase and retrofit Golodryga joins the Board of former Alstom building in Directors as Phillips 66 right Chattanooga, TN. – 400k+ to nominate a Director. Ms. sqft and will accommodate Golodryga is the SVP, Chief planned 8k+ tonne per year Digital and Administrative production[1] Officer for Phillips 66
22 Dec 2020: Strategic 21 Jan 2021: NOVONIX alliance announced with USAnode Materials selected to based Harper International to receive US $5.57mm grant develop specialized furnace from the US Department of technology to enhance Energy NOVONIX’s synthetic graphite manufacturing process
- Purchase completed on July 28, 2021
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ASX: NVX OTCQX: NVNXF
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Phillips 66
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Phillips 66 is a diversified energy manufacturing and logistics company.
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Phillips 66, with a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally
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Phillips 66 is a global producer of petroleum needle coke, the key precursor material for synthetic graphite
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Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence
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Phillips 66 had $57 billion of assets as of June 30, 2021
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Phillips 66 produces the precursor for synthetic graphite at advanced facilities located in Lake Charles, LA and Humber, UK
Announcement
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Deal Highlights
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Phillips 66 subscribed for 77,962,578 ordinary shares of NOVONIX for a total purchase price of US$150 million
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Phillips 66 will nominate one director to NOVONIX’s Board of Directors
This investment is driven by Phillips 66’s Emerging Energy organization, which is tasked with building a lower-carbon business platform and shares a similar longterm vision and focus on sustainability as NOVONIX
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The investment by Phillips 66 will help support a capacity expansion of an additional 30,000 mt/year, which is expected to be completed by 2025
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The transaction closed September 30, 2021
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No financial advisors, brokers or other intermediaries were used by NOVONIX in this strategic investment
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ASX: NVX OTCQX: NVNXF
8
NOVONIX Enables the Only Fully Domestic US Supply Chain of EV Battery Anode Material (BAM)
Chinese Synthetic Graphite Supply Chain
NOVONIX Supply Chain
1. Needle coke ships to Qingdao from Humber, UK (12,500 miles)
2. Road transport of precursor to grinding site near Shanghai (450 miles)
3. Road transport of ground needle coke to Inner Mongolia (1,050 miles)
4. Graphitization in Inner Mongolia powered by brown coal with no environmental standards or emissions controls
5. Road transport of graphite to southern China (1,500 miles)
6. Processing of graphite into BAM
7. Land transport of BAM to China port (50 miles)
8. BAM ships to US port in CA (7,300 miles)
9. Land transport of BAM to end-user in TN (1,800 miles)
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1 Humber, UK
Chattanooga, TN 2
4 3
Inner Mongolia, China 9 Chattanooga, TN
3
5 2 Qingdao, China Long Beach, CA 1
Shanghai, China Lake Charles, LA
Dongguan , China
8 To USA
Shenzhen , China 7
6
China Port
From China
1. Needle coke transported from Lake 2. All processing of precursor to BAM
Charles, LA to Chattanooga, TN in Chattanooga under strict
(670 miles) environmental standards
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3. Delivery of BAM to end-user in Chattanooga, TN (34 miles) VW, for illustrative purposes
24,650 Total Miles
704 Total Miles
NOVONIX facilitates a cleaner, more secure, supply chain of high-quality synthetic anode material to the North American market vs. Chinese competitors
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ASX: NVX
OTCQX: NVNXF
13
| Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $300M 16 GWh Operating MI NA 53 GWh Operating NV NA 10 GWh Operating TN $2.3B 15 GWh Announced Dec‘19 OH $1B 95 GWh Operating 2021 TX $1.7B 10 GWh Operating 2022 GA Total: $5.3B 199 GWh Gigafactories Announced before 2021 |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $300M 16 GWh Operating MI NA 53 GWh Operating NV NA 10 GWh Operating TN $2.3B 15 GWh Announced Dec‘19 OH $1B 95 GWh Operating 2021 TX $1.7B 10 GWh Operating 2022 GA Total: $5.3B 199 GWh Gigafactories Announced before 2021 |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $300M 16 GWh Operating MI NA 53 GWh Operating NV NA 10 GWh Operating TN $2.3B 15 GWh Announced Dec‘19 OH $1B 95 GWh Operating 2021 TX $1.7B 10 GWh Operating 2022 GA Total: $5.3B 199 GWh Gigafactories Announced before 2021 |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $300M 16 GWh Operating MI NA 53 GWh Operating NV NA 10 GWh Operating TN $2.3B 15 GWh Announced Dec‘19 OH $1B 95 GWh Operating 2021 TX $1.7B 10 GWh Operating 2022 GA Total: $5.3B 199 GWh Gigafactories Announced before 2021 |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $300M 16 GWh Operating MI NA 53 GWh Operating NV NA 10 GWh Operating TN $2.3B 15 GWh Announced Dec‘19 OH $1B 95 GWh Operating 2021 TX $1.7B 10 GWh Operating 2022 GA Total: $5.3B 199 GWh Gigafactories Announced before 2021 |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $300M 16 GWh Operating MI NA 53 GWh Operating NV NA 10 GWh Operating TN $2.3B 15 GWh Announced Dec‘19 OH $1B 95 GWh Operating 2021 TX $1.7B 10 GWh Operating 2022 GA Total: $5.3B 199 GWh Gigafactories Announced before 2021 |
|---|---|---|---|---|---|
| Gigafac | tories Anno | unced before 2 | 021 | ||
| Battery Manufacturer |
Auto OEM | Investment | 2025E Capacity | Status | State |
| $300M | 16 GWh | Operating | MI | ||
| NA | 53 GWh | Operating | NV | ||
| NA | 10 GWh | Operating | TN | ||
| $2.3B | 15 GWh | Announced Dec‘19 | OH | ||
| $1B | 95 GWh | Operating 2021 | TX | ||
| $1.7B | 10 GWh | Operating 2022 | GA | ||
| Total: | $5.3B | 199 GWh |
| Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $185M 5 GWh Operating 2022 QC NA NA 32 GWh(1) Operating 2022 NY $2.3B 35 GWh Operating 2023 TN ~$0.8B 12 GWh Operating 2023 GA $11.4B 129 GWh(2) Operating 2025 KY/TN NA NA 12 GWh Operating Q2 2023 AZ NA NA 60 GWh(3) NA QC NA 40 GWh 40 GWh Operating Q1 2024 Operating 2025 TBD $1.3B NA Operating 2025 TBD Total: $16.0B 365 GWh Gigafactories Announced since 2021 (BlueOvalSK JV) |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $185M 5 GWh Operating 2022 QC NA NA 32 GWh(1) Operating 2022 NY $2.3B 35 GWh Operating 2023 TN ~$0.8B 12 GWh Operating 2023 GA $11.4B 129 GWh(2) Operating 2025 KY/TN NA NA 12 GWh Operating Q2 2023 AZ NA NA 60 GWh(3) NA QC NA 40 GWh 40 GWh Operating Q1 2024 Operating 2025 TBD $1.3B NA Operating 2025 TBD Total: $16.0B 365 GWh Gigafactories Announced since 2021 (BlueOvalSK JV) |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $185M 5 GWh Operating 2022 QC NA NA 32 GWh(1) Operating 2022 NY $2.3B 35 GWh Operating 2023 TN ~$0.8B 12 GWh Operating 2023 GA $11.4B 129 GWh(2) Operating 2025 KY/TN NA NA 12 GWh Operating Q2 2023 AZ NA NA 60 GWh(3) NA QC NA 40 GWh 40 GWh Operating Q1 2024 Operating 2025 TBD $1.3B NA Operating 2025 TBD Total: $16.0B 365 GWh Gigafactories Announced since 2021 (BlueOvalSK JV) |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $185M 5 GWh Operating 2022 QC NA NA 32 GWh(1) Operating 2022 NY $2.3B 35 GWh Operating 2023 TN ~$0.8B 12 GWh Operating 2023 GA $11.4B 129 GWh(2) Operating 2025 KY/TN NA NA 12 GWh Operating Q2 2023 AZ NA NA 60 GWh(3) NA QC NA 40 GWh 40 GWh Operating Q1 2024 Operating 2025 TBD $1.3B NA Operating 2025 TBD Total: $16.0B 365 GWh Gigafactories Announced since 2021 (BlueOvalSK JV) |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $185M 5 GWh Operating 2022 QC NA NA 32 GWh(1) Operating 2022 NY $2.3B 35 GWh Operating 2023 TN ~$0.8B 12 GWh Operating 2023 GA $11.4B 129 GWh(2) Operating 2025 KY/TN NA NA 12 GWh Operating Q2 2023 AZ NA NA 60 GWh(3) NA QC NA 40 GWh 40 GWh Operating Q1 2024 Operating 2025 TBD $1.3B NA Operating 2025 TBD Total: $16.0B 365 GWh Gigafactories Announced since 2021 (BlueOvalSK JV) |
Battery Manufacturer Auto OEM Investment 2025E Capacity Status State $185M 5 GWh Operating 2022 QC NA NA 32 GWh(1) Operating 2022 NY $2.3B 35 GWh Operating 2023 TN ~$0.8B 12 GWh Operating 2023 GA $11.4B 129 GWh(2) Operating 2025 KY/TN NA NA 12 GWh Operating Q2 2023 AZ NA NA 60 GWh(3) NA QC NA 40 GWh 40 GWh Operating Q1 2024 Operating 2025 TBD $1.3B NA Operating 2025 TBD Total: $16.0B 365 GWh Gigafactories Announced since 2021 (BlueOvalSK JV) |
|
|---|---|---|---|---|---|---|
| Gigafa | ctories Anno | unced since 20 | 21 | |||
| Battery Manufacturer |
Auto OEM | Investment | 2025E Capacity | Status | State | |
| $185M | 5 GWh | Operating 2022 | QC | |||
| NA | NA | 32 GWh(1) | Operating 2022 | NY | ||
| $2.3B | 35 GWh | Operating 2023 | TN | |||
| ~$0.8B | 12 GWh | Operating 2023 | GA | |||
| (BlueOvalSK JV) | $11.4B | 129 GWh(2) | Operating 2025 | KY/TN | ||
| NA | NA | 12 GWh | Operating Q2 2023 | AZ | ||
| NA | NA | 60 GWh(3) | NA | QC | ||
| NA | 40 GWh 40 GWh |
Operating Q1 2024 Operating 2025 |
TBD | |||
| $1.3B | NA | Operating 2025 | TBD | |||
| Total: | $16.0B | 365 GWh |
Source: Company press releases and management analysis.
(1) Expected capacity by 2028. (2) Expected capacity by 2025 across 3 plants: 2 in Kentucky and 1 in Tennessee. (3) Included in 2030 implied Anode and Cathode material demand.
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ASX: NVX OTCQX: NVNXF
10
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Implied North America Graphite Anode Demand (Kt)
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CAGR:6%
871
CAGR: 74% 640
70
2021 2025 2030
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Implied North America Cathode Material Demand [1] (Kt)
CAGR:6%
1,302
957
CAGR: 74%
104
2021 2025 2030
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Source: Company press releases and management analysis. (1) Based on NCM 811 chemistry.
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ASX: NVX OTCQX: NVNXF
11
| Q4 to Current • Acquired 400,000+ sq ft new manufacturing site, Riverside, to grow to 10,000 tonnes per year by 2023 • First mass production materials from Generation 2 shipped to Sanyo and Samsung for testing • Begin installation of first Generation 3 system in Riverside to complete by the end of this calendar year • Continued process technology development and partnership discussions with equipment and material suppliers • Progressed additional customer relationships with strong growing demand in the United States for local supply of synthetic graphite Q3 • Completed installation and began production of material through the first Generation 2 furnace system • Initiated build of first Generation 3 furnace system to be installed in Tennessee • Signed lease expansion to 120,000 sq ft with possession date of May 1, 2021 and progressed site selection process for expansion to 10,000 tpa of total production capacity • Progressed engineering work for 30,000 tpa expansion plant to support 2025 production targets Q2 • Initiated transition plan from Generation 1 furnace technology to Generation 2 systems • Continued work on new precursor materials for lower cost and improved performance • Targeted development programs for customer focused on electric vehicle and energy storage system requirements • Continued sampling programs with domestic and international battery manufacturers and automotive OEMs with strong technical feedback and interest in evaluating mass production materials Q1 • Produced material using Generation 1 furnace systems for customer sampling • Customer Development -Samples issued to other prospective customers under confidentiality agreements -New engagements with cell manufacturers, auto OEMs (Original Equipment Manufacturers) and ESS (Energy Storage Systems) focused companies |
Q4 to Current • Acquired 400,000+ sq ft new manufacturing site, Riverside, to grow to 10,000 tonnes per year by 2023 • First mass production materials from Generation 2 shipped to Sanyo and Samsung for testing • Begin installation of first Generation 3 system in Riverside to complete by the end of this calendar year • Continued process technology development and partnership discussions with equipment and material suppliers • Progressed additional customer relationships with strong growing demand in the United States for local supply of synthetic graphite Q3 • Completed installation and began production of material through the first Generation 2 furnace system • Initiated build of first Generation 3 furnace system to be installed in Tennessee • Signed lease expansion to 120,000 sq ft with possession date of May 1, 2021 and progressed site selection process for expansion to 10,000 tpa of total production capacity • Progressed engineering work for 30,000 tpa expansion plant to support 2025 production targets Q2 • Initiated transition plan from Generation 1 furnace technology to Generation 2 systems • Continued work on new precursor materials for lower cost and improved performance • Targeted development programs for customer focused on electric vehicle and energy storage system requirements • Continued sampling programs with domestic and international battery manufacturers and automotive OEMs with strong technical feedback and interest in evaluating mass production materials Q1 • Produced material using Generation 1 furnace systems for customer sampling • Customer Development -Samples issued to other prospective customers under confidentiality agreements -New engagements with cell manufacturers, auto OEMs (Original Equipment Manufacturers) and ESS (Energy Storage Systems) focused companies |
Q4 to Current • Acquired 400,000+ sq ft new manufacturing site, Riverside, to grow to 10,000 tonnes per year by 2023 • First mass production materials from Generation 2 shipped to Sanyo and Samsung for testing • Begin installation of first Generation 3 system in Riverside to complete by the end of this calendar year • Continued process technology development and partnership discussions with equipment and material suppliers • Progressed additional customer relationships with strong growing demand in the United States for local supply of synthetic graphite Q3 • Completed installation and began production of material through the first Generation 2 furnace system • Initiated build of first Generation 3 furnace system to be installed in Tennessee • Signed lease expansion to 120,000 sq ft with possession date of May 1, 2021 and progressed site selection process for expansion to 10,000 tpa of total production capacity • Progressed engineering work for 30,000 tpa expansion plant to support 2025 production targets Q2 • Initiated transition plan from Generation 1 furnace technology to Generation 2 systems • Continued work on new precursor materials for lower cost and improved performance • Targeted development programs for customer focused on electric vehicle and energy storage system requirements • Continued sampling programs with domestic and international battery manufacturers and automotive OEMs with strong technical feedback and interest in evaluating mass production materials Q1 • Produced material using Generation 1 furnace systems for customer sampling • Customer Development -Samples issued to other prospective customers under confidentiality agreements -New engagements with cell manufacturers, auto OEMs (Original Equipment Manufacturers) and ESS (Energy Storage Systems) focused companies |
Q4 to Current • Acquired 400,000+ sq ft new manufacturing site, Riverside, to grow to 10,000 tonnes per year by 2023 • First mass production materials from Generation 2 shipped to Sanyo and Samsung for testing • Begin installation of first Generation 3 system in Riverside to complete by the end of this calendar year • Continued process technology development and partnership discussions with equipment and material suppliers • Progressed additional customer relationships with strong growing demand in the United States for local supply of synthetic graphite Q3 • Completed installation and began production of material through the first Generation 2 furnace system • Initiated build of first Generation 3 furnace system to be installed in Tennessee • Signed lease expansion to 120,000 sq ft with possession date of May 1, 2021 and progressed site selection process for expansion to 10,000 tpa of total production capacity • Progressed engineering work for 30,000 tpa expansion plant to support 2025 production targets Q2 • Initiated transition plan from Generation 1 furnace technology to Generation 2 systems • Continued work on new precursor materials for lower cost and improved performance • Targeted development programs for customer focused on electric vehicle and energy storage system requirements • Continued sampling programs with domestic and international battery manufacturers and automotive OEMs with strong technical feedback and interest in evaluating mass production materials Q1 • Produced material using Generation 1 furnace systems for customer sampling • Customer Development -Samples issued to other prospective customers under confidentiality agreements -New engagements with cell manufacturers, auto OEMs (Original Equipment Manufacturers) and ESS (Energy Storage Systems) focused companies |
Q4 to Current • Acquired 400,000+ sq ft new manufacturing site, Riverside, to grow to 10,000 tonnes per year by 2023 • First mass production materials from Generation 2 shipped to Sanyo and Samsung for testing • Begin installation of first Generation 3 system in Riverside to complete by the end of this calendar year • Continued process technology development and partnership discussions with equipment and material suppliers • Progressed additional customer relationships with strong growing demand in the United States for local supply of synthetic graphite Q3 • Completed installation and began production of material through the first Generation 2 furnace system • Initiated build of first Generation 3 furnace system to be installed in Tennessee • Signed lease expansion to 120,000 sq ft with possession date of May 1, 2021 and progressed site selection process for expansion to 10,000 tpa of total production capacity • Progressed engineering work for 30,000 tpa expansion plant to support 2025 production targets Q2 • Initiated transition plan from Generation 1 furnace technology to Generation 2 systems • Continued work on new precursor materials for lower cost and improved performance • Targeted development programs for customer focused on electric vehicle and energy storage system requirements • Continued sampling programs with domestic and international battery manufacturers and automotive OEMs with strong technical feedback and interest in evaluating mass production materials Q1 • Produced material using Generation 1 furnace systems for customer sampling • Customer Development -Samples issued to other prospective customers under confidentiality agreements -New engagements with cell manufacturers, auto OEMs (Original Equipment Manufacturers) and ESS (Energy Storage Systems) focused companies |
Q4 to Current • Acquired 400,000+ sq ft new manufacturing site, Riverside, to grow to 10,000 tonnes per year by 2023 • First mass production materials from Generation 2 shipped to Sanyo and Samsung for testing • Begin installation of first Generation 3 system in Riverside to complete by the end of this calendar year • Continued process technology development and partnership discussions with equipment and material suppliers • Progressed additional customer relationships with strong growing demand in the United States for local supply of synthetic graphite Q3 • Completed installation and began production of material through the first Generation 2 furnace system • Initiated build of first Generation 3 furnace system to be installed in Tennessee • Signed lease expansion to 120,000 sq ft with possession date of May 1, 2021 and progressed site selection process for expansion to 10,000 tpa of total production capacity • Progressed engineering work for 30,000 tpa expansion plant to support 2025 production targets Q2 • Initiated transition plan from Generation 1 furnace technology to Generation 2 systems • Continued work on new precursor materials for lower cost and improved performance • Targeted development programs for customer focused on electric vehicle and energy storage system requirements • Continued sampling programs with domestic and international battery manufacturers and automotive OEMs with strong technical feedback and interest in evaluating mass production materials Q1 • Produced material using Generation 1 furnace systems for customer sampling • Customer Development -Samples issued to other prospective customers under confidentiality agreements -New engagements with cell manufacturers, auto OEMs (Original Equipment Manufacturers) and ESS (Energy Storage Systems) focused companies |
Q4 to Current • Acquired 400,000+ sq ft new manufacturing site, Riverside, to grow to 10,000 tonnes per year by 2023 • First mass production materials from Generation 2 shipped to Sanyo and Samsung for testing • Begin installation of first Generation 3 system in Riverside to complete by the end of this calendar year • Continued process technology development and partnership discussions with equipment and material suppliers • Progressed additional customer relationships with strong growing demand in the United States for local supply of synthetic graphite Q3 • Completed installation and began production of material through the first Generation 2 furnace system • Initiated build of first Generation 3 furnace system to be installed in Tennessee • Signed lease expansion to 120,000 sq ft with possession date of May 1, 2021 and progressed site selection process for expansion to 10,000 tpa of total production capacity • Progressed engineering work for 30,000 tpa expansion plant to support 2025 production targets Q2 • Initiated transition plan from Generation 1 furnace technology to Generation 2 systems • Continued work on new precursor materials for lower cost and improved performance • Targeted development programs for customer focused on electric vehicle and energy storage system requirements • Continued sampling programs with domestic and international battery manufacturers and automotive OEMs with strong technical feedback and interest in evaluating mass production materials Q1 • Produced material using Generation 1 furnace systems for customer sampling • Customer Development -Samples issued to other prospective customers under confidentiality agreements -New engagements with cell manufacturers, auto OEMs (Original Equipment Manufacturers) and ESS (Energy Storage Systems) focused companies |
|---|---|---|---|---|---|---|
| Q1 | Q2 | Q3 | Q4 to Current | |||
| • Produced material using Generation 1 furnace systems for customer sampling • Customer Development -Samples issued to other prospective customers under confidentiality agreements -New engagements with cell manufacturers, auto OEMs (Original Equipment Manufacturers) and ESS (Energy Storage Systems) focused companies |
• Initiated transition plan from Generation 1 furnace technology to Generation 2 systems • Continued work on new precursor materials for lower cost and improved performance • Targeted development programs for customer focused on electric vehicle and energy storage system requirements • Continued sampling programs with domestic and international battery manufacturers and automotive OEMs with strong technical feedback and interest in evaluating mass production materials |
• Completed installation and began production of material through the first Generation 2 furnace system • Initiated build of first Generation 3 furnace system to be installed in Tennessee • Signed lease expansion to 120,000 sq ft with possession date of May 1, 2021 and progressed site selection process for expansion to 10,000 tpa of total production capacity • Progressed engineering work for 30,000 tpa expansion plant to support 2025 production targets |
• Acquired 400,000+ sq ft new manufacturing site, Riverside, to grow to 10,000 tonnes per year by 2023 • First mass production materials from Generation 2 shipped to Sanyo and Samsung for testing • Begin installation of first Generation 3 system in Riverside to complete by the end of this calendar year • Continued process technology development and partnership discussions with equipment and material suppliers • Progressed additional customer relationships with strong growing demand in the United States for local supply of synthetic graphite |
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ASX: NVX OTCQX: NVNXF
12
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----- Start of picture text -----
1.0000
0.9995
0.9990 Tesla
Improved Synthetic
0.9985
Coulombic Natural
Efficiency (CE) [(1)] 0.9980
0.9975
0.9970
0 5 10 15 20 25
Cycle
----- End of picture text -----
-
NOVONIX offers improved Coulombic Efficiency (CE) compared to industry leading materials (including a Tesla Model S cell used as a reference benchmark)
-
CE measures the electrochemical stability of the materials in the battery
-
The higher the CE, the longer the battery life
==> picture [522 x 180] intentionally omitted <==
----- Start of picture text -----
1.00
0.96
Improved 0.92
Capacity 0.88 Synthetic
Retention [(1)] Tesla
0.84
Natural
0.80
0 200 400 600 800 1000
Cycle
----- End of picture text -----
-
NOVONIX offers improved capacity retention compared to industry leading materials (including a Tesla Model S cell used as a reference benchmark) as expected from higher coulombic efficiency
-
Better capacity retention means less range loss over time for an electric vehicle
-
Data based on internal measurements taken as part of verificiation process.
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ASX: NVX OTCQX: NVNXF
13
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----- Start of picture text -----
Phased Growth Plan For NOVONIX Anode Materials
Phase 3 (Large Scale)
150K Tonne / Yr(1)
Volume /
tonnage phased
Phase 2 (Medium Scale)
growth
40K Tonne / Yr (1)
Phase 1 (Current Ramp-up)
10K Tonne / Yr(1)
2023 2025 2030
2023 2025 2030
Anode Materials Anode Materials Anode Materials
NOVONIX’s
annual production volume would annual production volume would annual production volume would
illustrative
(2) equate to: equate to: equate to:
scale plan
~181K ~727K ~2.7mm
per year per year per year
----- End of picture text -----
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----- Start of picture text -----
NOVONIX’s
illustrative
(2)
scale plan
----- End of picture text -----
(1) Company expectations, which may or may not materialize. (2) Assumes 55kg of graphite per EV.
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ASX: NVX OTCQX: NVNXF
14
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Key Observations
-
Purchased on July 28[th] , 2021, this 400,000+ square-foot plant will allow for 10,000 tonnes per year of synthetic graphite anode material production by 2023
-
On November 22[nd] , 2021, NOVONIX celebrated Riverside Recharged to inaugurate the new Riverside facility with keynote speaker Secretary of Energy Jennifer M. Granholm
-
Other speakers included:
-
Director Andrew Liveris AO
-
TN ECD Commissioner Bob Rolfe
-
Director Zhanna Golodryga
-
• CEO Chris Burns
-
Hamilton County Mayor Jim Coppinger
-
City of Chattanooga Mayor Tim Kelly
-
U.S. Rep. Chuck Fleishmann
-
Former U.S. Senator Bob Corker
-
“The local support for this means not just something for Chattanooga, and it's not just for Tennessee, but it really is for the country. The fact that we're at a facility that once employed about 230 people and that now is going to employ 300 people, making the future of our transportation energy system secure, is such a great day for America.” - Secretary of Energy Jennifer M. Granholm
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ASX: NVX
OTCQX: NVNXF
15
| Q4 to Current • Grew revenue by ~24% compared to FY20 • Expanded staff to 46 at end of FY21 compared to 20 at end of FY20 • Completing addition to existing Bluewater Road facility for cell assembly and testing • Closed on new ~35,000 sq ft facility in Halifax area and started facility renovations • Received approval for up to CA$1,281,819 through a payroll rebate from Nova Scotia Business Inc over 5 years to support hiring plans • Continued strong revenue growth and expansion of hardware sales and R&D service offerings into FY22 Q3 • Continued strong revenue growth and expansion of hardware sales and R&D service offerings • Entered into conditional Agreement of Purchase and Sale on new ~35,000 sq ft facility in Halifax area for continued expansion Q2 • Expanded staff and initiated build out of addition to existing BTS facility, adding ~65% additional space for continued growth • Expanded capital equipment to allow for increased bandwidth to support external and internal cell building and testing projects • New projects commenced for global customers in mobility, energy storage and consumer electronics Q1 • Continued work with Dr. Mark Obrovac’s group at Dalhousie and internal team on new IP generation • Worked with various lithium suppliers (Lake Resources and others) in the process expanding on precursor production and final cathode production • Focus of technical work: -High Nickel Cathode Materials, Including Cobalt- Free -Dopant and Coatings for Improved Performance -Single Crystal Cathode (SCC) and Polycrystalline Cathode Processes |
Q4 to Current • Grew revenue by ~24% compared to FY20 • Expanded staff to 46 at end of FY21 compared to 20 at end of FY20 • Completing addition to existing Bluewater Road facility for cell assembly and testing • Closed on new ~35,000 sq ft facility in Halifax area and started facility renovations • Received approval for up to CA$1,281,819 through a payroll rebate from Nova Scotia Business Inc over 5 years to support hiring plans • Continued strong revenue growth and expansion of hardware sales and R&D service offerings into FY22 Q3 • Continued strong revenue growth and expansion of hardware sales and R&D service offerings • Entered into conditional Agreement of Purchase and Sale on new ~35,000 sq ft facility in Halifax area for continued expansion Q2 • Expanded staff and initiated build out of addition to existing BTS facility, adding ~65% additional space for continued growth • Expanded capital equipment to allow for increased bandwidth to support external and internal cell building and testing projects • New projects commenced for global customers in mobility, energy storage and consumer electronics Q1 • Continued work with Dr. Mark Obrovac’s group at Dalhousie and internal team on new IP generation • Worked with various lithium suppliers (Lake Resources and others) in the process expanding on precursor production and final cathode production • Focus of technical work: -High Nickel Cathode Materials, Including Cobalt- Free -Dopant and Coatings for Improved Performance -Single Crystal Cathode (SCC) and Polycrystalline Cathode Processes |
Q4 to Current • Grew revenue by ~24% compared to FY20 • Expanded staff to 46 at end of FY21 compared to 20 at end of FY20 • Completing addition to existing Bluewater Road facility for cell assembly and testing • Closed on new ~35,000 sq ft facility in Halifax area and started facility renovations • Received approval for up to CA$1,281,819 through a payroll rebate from Nova Scotia Business Inc over 5 years to support hiring plans • Continued strong revenue growth and expansion of hardware sales and R&D service offerings into FY22 Q3 • Continued strong revenue growth and expansion of hardware sales and R&D service offerings • Entered into conditional Agreement of Purchase and Sale on new ~35,000 sq ft facility in Halifax area for continued expansion Q2 • Expanded staff and initiated build out of addition to existing BTS facility, adding ~65% additional space for continued growth • Expanded capital equipment to allow for increased bandwidth to support external and internal cell building and testing projects • New projects commenced for global customers in mobility, energy storage and consumer electronics Q1 • Continued work with Dr. Mark Obrovac’s group at Dalhousie and internal team on new IP generation • Worked with various lithium suppliers (Lake Resources and others) in the process expanding on precursor production and final cathode production • Focus of technical work: -High Nickel Cathode Materials, Including Cobalt- Free -Dopant and Coatings for Improved Performance -Single Crystal Cathode (SCC) and Polycrystalline Cathode Processes |
Q4 to Current • Grew revenue by ~24% compared to FY20 • Expanded staff to 46 at end of FY21 compared to 20 at end of FY20 • Completing addition to existing Bluewater Road facility for cell assembly and testing • Closed on new ~35,000 sq ft facility in Halifax area and started facility renovations • Received approval for up to CA$1,281,819 through a payroll rebate from Nova Scotia Business Inc over 5 years to support hiring plans • Continued strong revenue growth and expansion of hardware sales and R&D service offerings into FY22 Q3 • Continued strong revenue growth and expansion of hardware sales and R&D service offerings • Entered into conditional Agreement of Purchase and Sale on new ~35,000 sq ft facility in Halifax area for continued expansion Q2 • Expanded staff and initiated build out of addition to existing BTS facility, adding ~65% additional space for continued growth • Expanded capital equipment to allow for increased bandwidth to support external and internal cell building and testing projects • New projects commenced for global customers in mobility, energy storage and consumer electronics Q1 • Continued work with Dr. Mark Obrovac’s group at Dalhousie and internal team on new IP generation • Worked with various lithium suppliers (Lake Resources and others) in the process expanding on precursor production and final cathode production • Focus of technical work: -High Nickel Cathode Materials, Including Cobalt- Free -Dopant and Coatings for Improved Performance -Single Crystal Cathode (SCC) and Polycrystalline Cathode Processes |
Q4 to Current • Grew revenue by ~24% compared to FY20 • Expanded staff to 46 at end of FY21 compared to 20 at end of FY20 • Completing addition to existing Bluewater Road facility for cell assembly and testing • Closed on new ~35,000 sq ft facility in Halifax area and started facility renovations • Received approval for up to CA$1,281,819 through a payroll rebate from Nova Scotia Business Inc over 5 years to support hiring plans • Continued strong revenue growth and expansion of hardware sales and R&D service offerings into FY22 Q3 • Continued strong revenue growth and expansion of hardware sales and R&D service offerings • Entered into conditional Agreement of Purchase and Sale on new ~35,000 sq ft facility in Halifax area for continued expansion Q2 • Expanded staff and initiated build out of addition to existing BTS facility, adding ~65% additional space for continued growth • Expanded capital equipment to allow for increased bandwidth to support external and internal cell building and testing projects • New projects commenced for global customers in mobility, energy storage and consumer electronics Q1 • Continued work with Dr. Mark Obrovac’s group at Dalhousie and internal team on new IP generation • Worked with various lithium suppliers (Lake Resources and others) in the process expanding on precursor production and final cathode production • Focus of technical work: -High Nickel Cathode Materials, Including Cobalt- Free -Dopant and Coatings for Improved Performance -Single Crystal Cathode (SCC) and Polycrystalline Cathode Processes |
Q4 to Current • Grew revenue by ~24% compared to FY20 • Expanded staff to 46 at end of FY21 compared to 20 at end of FY20 • Completing addition to existing Bluewater Road facility for cell assembly and testing • Closed on new ~35,000 sq ft facility in Halifax area and started facility renovations • Received approval for up to CA$1,281,819 through a payroll rebate from Nova Scotia Business Inc over 5 years to support hiring plans • Continued strong revenue growth and expansion of hardware sales and R&D service offerings into FY22 Q3 • Continued strong revenue growth and expansion of hardware sales and R&D service offerings • Entered into conditional Agreement of Purchase and Sale on new ~35,000 sq ft facility in Halifax area for continued expansion Q2 • Expanded staff and initiated build out of addition to existing BTS facility, adding ~65% additional space for continued growth • Expanded capital equipment to allow for increased bandwidth to support external and internal cell building and testing projects • New projects commenced for global customers in mobility, energy storage and consumer electronics Q1 • Continued work with Dr. Mark Obrovac’s group at Dalhousie and internal team on new IP generation • Worked with various lithium suppliers (Lake Resources and others) in the process expanding on precursor production and final cathode production • Focus of technical work: -High Nickel Cathode Materials, Including Cobalt- Free -Dopant and Coatings for Improved Performance -Single Crystal Cathode (SCC) and Polycrystalline Cathode Processes |
Q4 to Current • Grew revenue by ~24% compared to FY20 • Expanded staff to 46 at end of FY21 compared to 20 at end of FY20 • Completing addition to existing Bluewater Road facility for cell assembly and testing • Closed on new ~35,000 sq ft facility in Halifax area and started facility renovations • Received approval for up to CA$1,281,819 through a payroll rebate from Nova Scotia Business Inc over 5 years to support hiring plans • Continued strong revenue growth and expansion of hardware sales and R&D service offerings into FY22 Q3 • Continued strong revenue growth and expansion of hardware sales and R&D service offerings • Entered into conditional Agreement of Purchase and Sale on new ~35,000 sq ft facility in Halifax area for continued expansion Q2 • Expanded staff and initiated build out of addition to existing BTS facility, adding ~65% additional space for continued growth • Expanded capital equipment to allow for increased bandwidth to support external and internal cell building and testing projects • New projects commenced for global customers in mobility, energy storage and consumer electronics Q1 • Continued work with Dr. Mark Obrovac’s group at Dalhousie and internal team on new IP generation • Worked with various lithium suppliers (Lake Resources and others) in the process expanding on precursor production and final cathode production • Focus of technical work: -High Nickel Cathode Materials, Including Cobalt- Free -Dopant and Coatings for Improved Performance -Single Crystal Cathode (SCC) and Polycrystalline Cathode Processes |
|---|---|---|---|---|---|---|
| Q1 | Q2 | Q3 | Q4 to Current | |||
| • Continued work with Dr. Mark Obrovac’s group at Dalhousie and internal team on new IP generation • Worked with various lithium suppliers (Lake Resources and others) in the process expanding on precursor production and final cathode production • Focus of technical work: -High Nickel Cathode Materials, Including Cobalt- Free -Dopant and Coatings for Improved Performance -Single Crystal Cathode (SCC) and Polycrystalline Cathode Processes |
• Expanded staff and initiated build out of addition to existing BTS facility, adding ~65% additional space for continued growth • Expanded capital equipment to allow for increased bandwidth to support external and internal cell building and testing projects • New projects commenced for global customers in mobility, energy storage and consumer electronics |
• Continued strong revenue growth and expansion of hardware sales and R&D service offerings • Entered into conditional Agreement of Purchase and Sale on new ~35,000 sq ft facility in Halifax area for continued expansion |
• Grew revenue by ~24% compared to FY20 • Expanded staff to 46 at end of FY21 compared to 20 at end of FY20 • Completing addition to existing Bluewater Road facility for cell assembly and testing • Closed on new ~35,000 sq ft facility in Halifax area and started facility renovations • Received approval for up to CA$1,281,819 through a payroll rebate from Nova Scotia Business Inc over 5 years to support hiring plans • Continued strong revenue growth and expansion of hardware sales and R&D service offerings into FY22 |
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ASX: NVX OTCQX: NVNXF
16
| Q4 to Current • Began renovations at new facility to allow for pilot line commissioning in 2022 • Received approval for $475,000 CAD grant from NRC-IRAP to support expansion of cathode development team • $1.675M CAD grant from Canadian federally funded non-profit organization to support expansion of cathode synthesis technology • Continued progress in technology development and demonstration of material performance Q3 • Initial Phase 1 pilot line operational for material optimization and performance characterization • Continued process development internally and collaboratively with Dr. Obrovac’s group at Dalhousie pursuing new IP • Equipment selection and facility planning initiated for 10 tonne per annum capable demonstration line to be installed in new BTS facility in 2022. Q2 • Pilot line 90% commissioned with final piece of equipment delayed in shipping -Analytical lab fully commissioned -Newly synthesized materials continuing electrochemical testing for internal qualification -Began engagement with multiple current commercial precursor and cathode suppliers to discuss technology and opportunities Q1 • Began planning for investment and team growth based on patent application filings |
Q4 to Current • Began renovations at new facility to allow for pilot line commissioning in 2022 • Received approval for $475,000 CAD grant from NRC-IRAP to support expansion of cathode development team • $1.675M CAD grant from Canadian federally funded non-profit organization to support expansion of cathode synthesis technology • Continued progress in technology development and demonstration of material performance Q3 • Initial Phase 1 pilot line operational for material optimization and performance characterization • Continued process development internally and collaboratively with Dr. Obrovac’s group at Dalhousie pursuing new IP • Equipment selection and facility planning initiated for 10 tonne per annum capable demonstration line to be installed in new BTS facility in 2022. Q2 • Pilot line 90% commissioned with final piece of equipment delayed in shipping -Analytical lab fully commissioned -Newly synthesized materials continuing electrochemical testing for internal qualification -Began engagement with multiple current commercial precursor and cathode suppliers to discuss technology and opportunities Q1 • Began planning for investment and team growth based on patent application filings |
Q4 to Current • Began renovations at new facility to allow for pilot line commissioning in 2022 • Received approval for $475,000 CAD grant from NRC-IRAP to support expansion of cathode development team • $1.675M CAD grant from Canadian federally funded non-profit organization to support expansion of cathode synthesis technology • Continued progress in technology development and demonstration of material performance Q3 • Initial Phase 1 pilot line operational for material optimization and performance characterization • Continued process development internally and collaboratively with Dr. Obrovac’s group at Dalhousie pursuing new IP • Equipment selection and facility planning initiated for 10 tonne per annum capable demonstration line to be installed in new BTS facility in 2022. Q2 • Pilot line 90% commissioned with final piece of equipment delayed in shipping -Analytical lab fully commissioned -Newly synthesized materials continuing electrochemical testing for internal qualification -Began engagement with multiple current commercial precursor and cathode suppliers to discuss technology and opportunities Q1 • Began planning for investment and team growth based on patent application filings |
Q4 to Current • Began renovations at new facility to allow for pilot line commissioning in 2022 • Received approval for $475,000 CAD grant from NRC-IRAP to support expansion of cathode development team • $1.675M CAD grant from Canadian federally funded non-profit organization to support expansion of cathode synthesis technology • Continued progress in technology development and demonstration of material performance Q3 • Initial Phase 1 pilot line operational for material optimization and performance characterization • Continued process development internally and collaboratively with Dr. Obrovac’s group at Dalhousie pursuing new IP • Equipment selection and facility planning initiated for 10 tonne per annum capable demonstration line to be installed in new BTS facility in 2022. Q2 • Pilot line 90% commissioned with final piece of equipment delayed in shipping -Analytical lab fully commissioned -Newly synthesized materials continuing electrochemical testing for internal qualification -Began engagement with multiple current commercial precursor and cathode suppliers to discuss technology and opportunities Q1 • Began planning for investment and team growth based on patent application filings |
Q4 to Current • Began renovations at new facility to allow for pilot line commissioning in 2022 • Received approval for $475,000 CAD grant from NRC-IRAP to support expansion of cathode development team • $1.675M CAD grant from Canadian federally funded non-profit organization to support expansion of cathode synthesis technology • Continued progress in technology development and demonstration of material performance Q3 • Initial Phase 1 pilot line operational for material optimization and performance characterization • Continued process development internally and collaboratively with Dr. Obrovac’s group at Dalhousie pursuing new IP • Equipment selection and facility planning initiated for 10 tonne per annum capable demonstration line to be installed in new BTS facility in 2022. Q2 • Pilot line 90% commissioned with final piece of equipment delayed in shipping -Analytical lab fully commissioned -Newly synthesized materials continuing electrochemical testing for internal qualification -Began engagement with multiple current commercial precursor and cathode suppliers to discuss technology and opportunities Q1 • Began planning for investment and team growth based on patent application filings |
Q4 to Current • Began renovations at new facility to allow for pilot line commissioning in 2022 • Received approval for $475,000 CAD grant from NRC-IRAP to support expansion of cathode development team • $1.675M CAD grant from Canadian federally funded non-profit organization to support expansion of cathode synthesis technology • Continued progress in technology development and demonstration of material performance Q3 • Initial Phase 1 pilot line operational for material optimization and performance characterization • Continued process development internally and collaboratively with Dr. Obrovac’s group at Dalhousie pursuing new IP • Equipment selection and facility planning initiated for 10 tonne per annum capable demonstration line to be installed in new BTS facility in 2022. Q2 • Pilot line 90% commissioned with final piece of equipment delayed in shipping -Analytical lab fully commissioned -Newly synthesized materials continuing electrochemical testing for internal qualification -Began engagement with multiple current commercial precursor and cathode suppliers to discuss technology and opportunities Q1 • Began planning for investment and team growth based on patent application filings |
Q4 to Current • Began renovations at new facility to allow for pilot line commissioning in 2022 • Received approval for $475,000 CAD grant from NRC-IRAP to support expansion of cathode development team • $1.675M CAD grant from Canadian federally funded non-profit organization to support expansion of cathode synthesis technology • Continued progress in technology development and demonstration of material performance Q3 • Initial Phase 1 pilot line operational for material optimization and performance characterization • Continued process development internally and collaboratively with Dr. Obrovac’s group at Dalhousie pursuing new IP • Equipment selection and facility planning initiated for 10 tonne per annum capable demonstration line to be installed in new BTS facility in 2022. Q2 • Pilot line 90% commissioned with final piece of equipment delayed in shipping -Analytical lab fully commissioned -Newly synthesized materials continuing electrochemical testing for internal qualification -Began engagement with multiple current commercial precursor and cathode suppliers to discuss technology and opportunities Q1 • Began planning for investment and team growth based on patent application filings |
|---|---|---|---|---|---|---|
| Q1 | Q2 | Q3 | Q4 to Current | |||
| • Began planning for investment and team growth based on patent application filings |
• Pilot line 90% commissioned with final piece of equipment delayed in shipping -Analytical lab fully commissioned -Newly synthesized materials continuing electrochemical testing for internal qualification -Began engagement with multiple current commercial precursor and cathode suppliers to discuss technology and opportunities |
• Initial Phase 1 pilot line operational for material optimization and performance characterization • Continued process development internally and collaboratively with Dr. Obrovac’s group at Dalhousie pursuing new IP • Equipment selection and facility planning initiated for 10 tonne per annum capable demonstration line to be installed in new BTS facility in 2022. |
• Began renovations at new facility to allow for pilot line commissioning in 2022 • Received approval for $475,000 CAD grant from NRC-IRAP to support expansion of cathode development team • $1.675M CAD grant from Canadian federally funded non-profit organization to support expansion of cathode synthesis technology • Continued progress in technology development and demonstration of material performance |
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ASX: NVX OTCQX: NVNXF
17
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----- Start of picture text -----
Normalized Electrochemical Results (Coin Cell)
106
104 Commercial SCC
NOVONIX SCC
102
100
25°C
98
2.8 – 4.5V
96 C/5 Ch/Dis
94
92
90
2 4 6 8 10 12 14 16 18 20
Cycle #
Product: Commercial SCC NOVONIX SCC
Reversible Capacity: 100% 104%
First Cycle Efficiency: 100% 101%
Capacity (%)
----- End of picture text -----
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Key Observations
-
Normalized electrochemical results in coin cell tests show NOVONIX outperforming in reversible capacity, first cycle efficiency, and cycling performance
-
NOVONIX continues to optimize material through processing as well as through the use of coatings and dopants to further improve performance
-
Polycrystalline cathode comparative performance test work also ongoing, with polycrystalline cathodes having some advantages over SCC
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ASX: NVX OTCQX: NVNXF
18
Demonstrated and Projected Performance Predicted to Exceed 1 Million Miles[(1)]
-
SC NCM622 shown here is the same Commercial SCC reference material shown in previous slide
-
Next step to build full cells for performance testing to include in this data set and demonstrate NOVONIX anode, cathode and electrolyte technologies in a single cell
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SC NCM622 / NOVONIX Anode Material + Adv. Electrolyte SC NCM622 / Gr + Adv. Electrolyte
SC NCM622 / Gr
NCM622 / Gr (Commercially Available Reference Materials)
-
40°C full depth of discharge cycling
-
Assumed 330 mile range
-
Projection lines shown for guidance
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----- Start of picture text -----
0 500,000 1,000,000
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Equivalent Driving Miles
- Data based on internal measurements taken as part of verificiation process.
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ASX: NVX OTCQX: NVNXF
19
NOVONIX Anode Materials production Develop NOVONIX Cathode Materials into an capacity scaled to meet the growing industry leader in cathode technology demands of our customers supported by our propriety DPMG process
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----- Start of picture text -----
Technology leader throughout the EV battery
Highly developed IP with leading
and energy storage supply chain and continuous
market positions
expansion into new applications
At the forefront of product innovation and
development, leveraging NOVONIX Battery Highly profitable with strong cash flow
Technology Solutions’ leading insight into generation, enabling continued pursuit of
the battery development and material profitable, high-growth opportunities
technology ecosystem
----- End of picture text -----
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ASX: NVX OTCQX: NVNXF
20
NOVONIX Anode Materials
NOVONIX BTS
353 Corporate Place, Chattanooga, TN, 37419, USA
1029 West 19th Street, Chattanooga, TN, 37408, USA
177 Bluewater Road, Bedford, NS B4B 1H1, Canada
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Send all investor queries to: [email protected]
This announcement has been authorised for release to the ASX by the Chairman, Tony Bellas.
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ASX: NVX OTCQX: NVNXF
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