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TITOMIC LIMITED — AGM Information 2018
Nov 28, 2018
65963_rns_2018-11-28_777b4eeb-fd00-4de3-821b-c36a85a234ba.pdf
AGM Information
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AGM Presentation November 2018
Disclaimer
This presentation has been prepared by Titomic Limited ACN 602 793 644 (“Titomic” or the “Company”) to provide summary information about Titomic and their activities as at the date of this presentation. The information in this presentation is of a general nature and does not purport to be complete and may change without notice. This presentation is not a recommendation to buy Titomic shares and undue reliance should not be placed on the information or opinions contained in this presentation for investment purposes as it does not take into account your investment objectives, financial position or needs. These factors should be considered, with professional advice, when deciding if an investment is appropriate.
This presentation includes forward-looking statements that reflect Titomic's intentions, beliefs or current expectations concerning, among other things, Titomic’s results of operations, financial condition, liquidity, performance, prospects, growth, strategies and the industry in which Titomic operates. These forward-looking statements are subject to risks, uncertainties and assumptions and other factors, many of which are beyond the control of Titomic. Titomic cautions you that forward-looking statements are not guarantees of future performance and that its actual results of operations, financial condition, liquidity, performance, prospects, growth or opportunities and the development of the industry in which Titomic operates may differ materially from those made in or suggested by the forward-looking statements contained in this presentation. In addition, Titomic does not guarantee any particular rate of return or the performance of Titomic nor does it guarantee the repayment or maintenance of capital or any particular tax treatment. Investors should note that past performance may not be indicative of results or developments in future periods and cannot be relied upon as an indicator of (and provides no guidance as to) Titomic's future performance. Titomic, its related bodies corporate and each of their respective directors, officers and employees expressly disclaim any obligation or undertaking to review, update or release any update of or revisions to any forward-looking statements in this presentation or any change in Titomic's expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.
Subject to any continuing obligation under applicable law or any relevant listing rules of the ASX, Titomic disclaims any obligation or undertaking to disclose any updates or revisions to any forward looking statements in these materials to reflect any change in expectations in relation to any forward looking statements or any change in events, conditions or circumstances on which any statement is based. Nothing in these materials shall under any circumstances create an implication that there has been no change in the affairs of Titomic since the date of this presentation.
This presentation contains summary information about Titomic and its activities, which is current as at the date of this presentation. The information included in this presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor should consider when making an investment decision. Each recipient of this presentation should make its own enquiries and investigations regarding all information in this presentation including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of Titomic and the impact that different future outcomes may have on Titomic. This presentation has been prepared without taking account of any person’s investment objectives, financial situation or particular needs. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs, make their own assessment of the information and seek legal, financial, accounting and taxation advice appropriate to their jurisdiction in relation to the information and any action taken on the basis of the information. The information included in this presentation has been provided to you solely for your information and background and is subject to updating, completion, revision and amendment and such information may change materially. Unless required by applicable law or regulation, no person (including Titomic) is under any obligation to update or keep current the information contained in this presentation and any opinions expressed in relation thereto are subject to change without notice. No representation or warranty, express or implied, is made as to the fairness, currency, accuracy, reasonableness or completeness of the information contained herein. Neither Titomic nor any other person accepts any liability and Titomic, its related bodies corporate and their respective directors, officers and employees, to the maximum extent permitted by law, expressly disclaim all liabilities for any loss howsoever arising, directly or indirectly, from this presentation or its contents.
The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe any such restrictions.
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2
“You can never change things by fighting the existing reality, to change something build a new model that makes the existing model obsolete.” Buckminister Fuller
Survival of the fittest is an evolution process where competitive advantage is improved by acquiring traits that are exclusively beneficial. However this overlooks the importance of symbiotic relationships and maintaining one’s integrity.
Titomic leverages symbiosis to create infinite cooperative relationships to maintain integrity and to demonstrate the highest form of intelligence and adaptability for growth, profitability and a sustainable future.
About Titomic (ASX : TTT) Titomic enables clients to make better products faster with the use of additive manufacturing (AM) systems, patented process & superior materials once considered economically unviable.
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3
Corporate Snapshot
Board & Executive Management Team
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Melbourne based metal additive manufacturing company
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Overcomes metal 3D printing size, speed and oxidation limitations
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Offers the worlds fastest & largest metal 3D printing builds for industrial scale uses
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Customisable design and manufacturing methods provide faster speed-to-market, superior products at lower production costs and using less resources
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3.20 7
6
2.70
5
2.20
4
3
1.70
2
1.20
1
0.70 0
11/17 2/18 5/18 8/18
Volume Price
Quoted Fully Paid Ordinary Shares on Issue 64,488,335
Fully Paid Ordinary Shares (Escrowed until 21 Sept 2019) 58,409,882
Class A Performance Shares 10,000,000
Class B Performance Shares 10,000,000
Unlisted Options 2,005,000
Market Capitalisation (27 November 2018) $239.0M
Cash Balance (30 September 2018) $9.1M
Price
Volume (in millions)
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Philip Vafiadis Richard Wilson Professor Richard Fox Non-Exec. Chairman Indep. Non-Exec Director Non-Exec Director
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Jeffrey Lang Managing Director
Vahram Papyan Peter Vaughan Chief Analytics Officer Company Secretary & CFO
| Top Shareholders (27 November 2018) 1. Presco 2 Pty Ltd (Director & Founder) 2. Jeffrey Lang_(Founder & Managing Director)_ |
Top Shareholders (27 November 2018) 1. Presco 2 Pty Ltd (Director & Founder) 2. Jeffrey Lang_(Founder & Managing Director)_ |
Shares 27,944,012 10,004,342 |
% 22.74% 8.14% |
|
|---|---|---|---|---|
| 3. | Presco 3 Pty Ltd (Founder) | 8,626,646 | 7.02% | |
| 4. | Citicorp Nominees | 6,307,395 | 5.13% | |
| 5. | PAC Partners Pty Ltd_(IPO Broker)_ | 5,819,050 | 4.73% | |
| 6. | SBPM – Philip Vafiadis_(Director & Founder)_ | 5,175,000 | 4.21% | |
| 7. | HSBC Custody Nominees | 4,968,298 | 4.04% | |
| 8. | JP Morgan Nominees | 3,442,502 | 2.80% | |
| 9. | SWHL Investments Pty Ltd | 3,187,500 | 2.59% | |
| 10. | Quality Life Pty Ltd | 2,400,000 | 1.95% | |
| Top 10 Shareholders | 77,874,475 | 63.37% | ||
| Balance of Shareholders | 45,023,472 | 36.63% |
- Milestone 1: Share price must be more than 150% of IPO price and quarterly revenues must be at least $1m for two consecutive quarters, within 3 years of IPO.
** Milestone 2: Market Capitalisation >$100m, quarterly revenue must be at least $2m for two consecutive quarters, must have issued at least 30 product licences, within 3 years of IPO.
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What TTT has achieved in 2018
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Opened the new Titomic production facility on time and on budget in Q2 2018
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Launched world’s largest metal 3D printer (TKF9000) in Q2 2018
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ASX Announced 7x R&D project agreements to date leading to at least 10x product licences
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Top secret 3x R&D project agreements leading to at least 14x product licences
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Achieved first revenue in Q3 2018
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Achieved client agreement for $1.8M R&D project in Q4 2018
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Current sales leads for 5x TKF 1000 Systems, 2x TKF9000 and 6x TKF Production lines
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Secured global metal powder supply chain and distribution
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Development of new TKF MMPDS Aerospace Industry standards for FAA, DoD and NASA
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Launched TKF1000 system with RRP of $1.5m Usd at Formnext in Q4 2018
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Automated polishing cell commissioned with completion Q1 2019
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TKF automated bicycle production line commissioned with completion due Q1 2019
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ISO 9001 implementation commenced
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5
2018 Tradeshows and Conferences
February
- Exhibited at Singapore airshow as Team Defence Australia
March
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Melbourne facility commissioned
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Jeff as an industry panelist at Allen’s 3D printing in Manufacturing
April
- Jeff presented at NAMIC Maritime & Energy Summit in Singapore
May
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Launch of world’s largest metal 3D printer in Melbourne
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Jeff presented at National Manufacturing Week, Sydney
June
- Exhibited at Eurosatory, Paris as Team Defence Australia
July
- Exhibited at Eurobike, Friedrichshafen
August
- Titomic partners with Swinburne research training centre grant
September
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Exhibited at Land Forces with Defence SA, Adelaide
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Exhibited at Taichung Bike, Taiwan
October
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$$2.6M IMCRC research project to develop TKF Standards
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TTT HQ expanded to 2[nd] office in Melbourne
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Governor of Victoria, the Hon. Linda Dessau AC visits TTT
November
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Exhibited at Formnext, Frankfurt
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Jeff presented at Combined Australian Materials Societies, the Gong
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TTT @ Formnext in Frankfurt, Germany November 2018
Formnext is an annual exhibition for the additive manufacturing world visited by 30,000 visitors, including industry reps, multi-nationals to academia.
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TTT in Switzerland November 2018
Jeff Lang visited DT Swiss’ Headquarters in Biel, Switzerland to discuss potential Titomic Kinetic Fusion™applications.
DT Swiss is a bicycle component manufacturer with over 300 years experience in fabrication of specialty metal wire. DT Swiss is a company which appreciates the future of digital manufacturing.
Whilst in Switzerland, Jeff also had the opportunity to meet with BMC, the major bicycle manufacturer behind Cadel Evans’ Tour De France win. Jeff toured ‘Impeclab’, BMC’s state of the art R&D centre and discussed potential applications for Titomic Kinetic Fusion™
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Where we get our customers from
Titomic enables industries to manufacture products with the following engineered properties and capabilities :
Lighter & stronger hulls
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Ballistics protection
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Anti-fouling & repair
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Corrosion & wear resistance
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Continuous tube production
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Heat resistance
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High performance coatings for improved surface friction coefficient
Smart hybrid materials Reduced buy-to-fly ratio
Wear resistance
High temp & aggressive environments, Corrosion produce complex shapes on demand resistance
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Near net shape versus billet
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29/11/2018
Customer Journey with Titomic
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Collaboration Client engages Titomic in With successful testing,
agreements with feasibility tests to validate Titomic manufactures
clients process and materials prototype for client
“
Industrial Scale
Additive Manufacturing
”
Client offered a licence to Titomic provides results
manufacture or can choose to report with cost to
commission their own system manufacture
Titomic service bureau provides Sale of TKF system and Titomic provides ongoing
product manufacturing for clients metal powders to clients technical support to clients
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Confidential
10
Target industries
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1. Aerospace @ $8bn
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Primary target titanium (Ti) raw market worth $3.4bn pa
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Secondary target composites @$2.7bn pa for 787 & A350 production
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Tertiary target superalloys @$1.9bn pa
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2. Military in Australia @$7.3bn + $1.5bn in exports
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Australian defence autonomous systems /drones ~$50m pa
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Submarine, future frigate and offshore patrol vessel market is ~$7.2bn pa
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Material for ballistics protection & high temperature resistance
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Large seamless fuselage or monocoque wing for drones & submarines
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3. Sporting & Consumer Goods @$33.7bn
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Primary target mountain / racing and road bikes worth $11bn pa
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Golf club market worth $4.7bn pa
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Luggage (Travel & Business bag) market worth $18bn pa
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4. Marine in Australia @$2bn, in Germany @$5bn
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Primary target catamarans / sailboats & full cabin cruisers $2bn pa
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Secondary target repairs for corrosion resistance, anti-fouling
5. Mining, Oil & Gas and Power @$7.8bn
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Target rail tracks, machinery, tanks, pumps, valves and wind turbines repair and preventative maintenance
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Industrial & Mining equipment @ $2.1bn in Australia alone
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Target industries
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5. Medical equipment and mobility
- Targeting lightweight Titanium wheelchairs & mobility devices
6. Automotive and all Transportation
- Targeting car panels and chassis strength to weight ratio and lightness
7. Commercial & Industrial Building
- Targeting lightweight corrosion resistant cladding and maintenance of metal structures
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Targeting $8bn out of $12.4 bn Aerospace market
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Titanium is the largest material market by value at $3.48B
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With 787 production ramping up, and A350 long-lead items under production, composites are the third largest category at $2.68B
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The value of superalloys is $1.98B driven by aero-engine production
Billion
Source: ICF Analysis
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Titomic technology can fuse metals and composites to create hybrid materials
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Defence
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Titomic has identified key defence capabilities:
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Superior material for ballistics protection
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Large seamless fuselage or monocoque wing
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Structures with highest strength to density ratio
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High temperature resistance
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Corrosion resistance for aggressive environments
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• Anti-fouling
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| Rank | Tier 1 target countries |
Expenditure $bn |
% of GDP |
|---|---|---|---|
| 1 | United States | 611.2 | 3.3 |
| 6 | France | 55.7 | 2.3 |
| 7 | UK | 48.3 | 1.9 |
| 9 | Germany | 41.1 | 1.2 |
| 11 | Italy | 27.9 | 1.5 |
| 12 | Australia | 24.3 | 2.0 |
Source : Australian Government DOD 2016 Integrated Investment program
Targeting the manufacture of large vehicles and defence systems including armaments, armoured land vehicles, naval vessels including submarines, and aircraft & aerospace systems.
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Australia will invest $195 billion over the next decade to upgrade defence capabilities – a large part in naval Incorporating Titomic in just 1 submarine, 1 future frigate and 1 offshore patrol vessel is already a $7.25bn market.
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The government announced $50 million funding for defence and industry to develop autonomous systems
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US & Russia exports more than 50% of major arms Demand for ballistics protection for countries on the rise
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| Country | Ballistics protection personnel | Market Estimation |
|---|---|---|
| France | 110,000 | Medium, military budget on the rise |
| Italy | 96,000 | Low, special forces expressed need for adaptive solutions |
| UK | 92,760 | On the rise, weight concerns |
| Germany | 60,925 | On the rise, have not been modernised for a decade |
| Spain | 75,800 | Medium, military budget on the rise |
| US | 725,000 + 807,000 Reserve | High for US & Export. Domestic :State Police & Militia have own budget) |
| Canada | 46,2000 | Low to Medium, priority budget allocated to Navy and special forces |
| Turkey | 350,000 | Medium to High, national policy require partnership and tech sharing |
| Ukraine | 169,000 | High, involved in high intensity battle scenarios |
| Israel | 513,000 | Low, Strong national capacities & US foreign aid, requires tech sharing. |
| India | 1,100,000 | Low, need to be Made in India for major deals |
| Malaysia | 80,000 | Low to Medium ( Police and domestic forces buy latest equipment) |
| Singapore | 71,600 | Medium, Incentive for innovation + request for lighter protection |
| Vietnam | 482,000 | Low to Medium, China not perceived as reliable partner |
| Indonesia | 277,000 | Low to Medium, not a priority for government |
| Thailand | 210,000 | Medium to High |
| Australia | 26,200 | Medium, local companies preferred demand for drones & IED protection |
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Source : Stockholm International Peace Research Institute
15
Targeting 1% of bike market is approx. US$57m
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With an estimated production of 14.3m CFRP frames by 2021,CFRP is not seen as a continued threat. Capturing only 1% of the market at 143,000 frames by 2021 indicates an OEM market value of approximately $57,000,000 @ USD$400 per frame and Global RRP of USD $3500 per frame.
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This capacity would see the need for approximately 20 production lines. Some would be installed by Titomic to meet both tube and custom frame demand but most would be supplied to OEM’s or their tier 1 suppliers to make frames, realising a further boost to the Victorian economy of $70M based on 20 machines sales over 3 year period @ AUD $3.5m per machine.
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Consumable/Powder sales 100,000kg per year @ $120 per kg of powder $12million per year.
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Sporting and Consumer Goods
Australian Market for Golf equipment worth $460m pa (Figure 1) IbisWorld, G4241, 2018
Global manufacturing market for Golf Clubs worth $4.7 billion in 2015. Honma Golf Limited, 2017
Global Luggage (Travel & Business bag) Market - $18 billion (Figure 2) Statista, Retail sales value of the global luggage market from 2006 to 2015, by segment
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(Figure 1)
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(Figure 2)
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Marine
Titomic’s key marine capabilities include:
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Large seamless fuselage
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High strength to density ratio structures
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• Corrosion resistance
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Anti-fouling
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Global Yearly Export – US $117bn (2015)
Germany
Poland
Japan
China
Korea
0 10 20 30 40 50
US$Bn
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The Australian marine industry includes shipbuilding and boatbuilding and repair, marine equipment manufacturing, and marina operations with $1.7bn added to the Australian economy and an annual export market of $575m[2]
Source :[1] Boating Industries Alliance Association 2014[2] ABS, Australian Industry 2014-15, OECD ANBERD database.
Source: Duke GVC Center, 2017, Korea and the Shipbuilding Global Value Chain
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Mining, Oil & Gas, Power
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Industrial & mining machine manufacture & repair Target Market @ $2.1 billion (Australia alone)
Australia Metal Ore Mining @ $220bn
i.e machinery construction and maintenance ~$2.9bn pa
Australia Oil & Gas @ $46bn
i.e. storage tank maintenance and production ~ $1.95bn
Australia Electricity Infrastructure Construction @ $8bn i.e wind-farm construction ~ $1.6bn pa
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Source: IBIS World, 2017
19
Tubing market in Resources
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titanium pipes in desalination plants are used to eliminate tube failure from corrosion or erosion throughout expected life of the plant.
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One of the largest MSF desalination plants was completed in 2014, Saudi Arabia, and required 6,000,000 kg of titanium tubing[1 ] worth US$450M according to industry estimates
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In 2017, 400 new desalination plants were installed globally[2]
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Neotiss, a tubing company, will deliver ~10,000km of titanium tubes for large scale desalination plants over 2016 and 2017[3]
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Desalination market uses welded tube not seamless, can be produced very quickly from strip. AM process need to be cheaper and faster to manufacture to replace existing process.
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The process to strip Ti is 3-4 processes less than making bar for feed to atomisation. Only area would be for fast turnaround onsite. Currently speed for AM tube is slower than strip to welded tube
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Opportunity : seamless tubes for heat exchangers in chemical / petrochemical plants
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Source:
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1 https://titanium.org/page/TTIndustryQ120132?
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2 Global Desalination Market Continues to Grow
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- 3 http://www.neotiss.com/media-neotiss/news/53-more-than-10-000-km-of-titanium-tubes-for-facility-d-desalination-plant)
Announced projects status
| Industry Company Current status Next phase Phase 1 proof of concept completed, pending mechanical tests Customer budget cuts, on hold Phase 1 proof of concept completed. Phase 2 initiated fabricating 5 frames and testing of frames to standards Produce 150 frames for Trek to do road & destructive testings Phase 1 proof of concept initiated Client to complete material verification tests Phase I proof of concept completed pending mechanical tests. Client to complete material verification tests Finalised 3x topics for research project : TKF Optimisation, Heterogenous materials and Microstructures To commence in 2019 Phase 1 proof of concept completed. Phase 2 outlining specific products initiated. Upon phase 2 signing, commence feasibility study Multiple materials selected for project leading to development of new AM standards for Aerospace & Defence Lab testing for physical and chemical properties MOU Material Testing Agreement Concept & Design Development Manufacture Prototype Testing Contract Manufacture Manufacturing process design TKF System Sale Powders & Consumers |
|
|---|---|
Qualified opportunities & other projects update
Count of opportunities by industries
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| Industries | Company types | Project progress |
|---|---|---|
| Sports | Bike & components |
7 companies’ scope of work finalised, pending client agreement |
| Consumer Goods |
Luxury luggage | Scope of work finished, pending agreement for proof of concept |
| Aerospace | OEM + suppliers | 3 scope of works moving towards agreement for proof of concept |
| Resources | Mining, Oil & Gas & Industrial |
3 projects pending phase 1 proof of concept agreement |
| Defence | OEM + suppliers | 6 projects pending phase 1 proof of concept agreement 2 projects pending R&D agreement |
| Automotive | OEMs + suppliers |
Phase 1 proof of concept work in progress |
| Building | OEMs + suppliers |
Current project pending scope of work finalisation |
| Medical | OEMs + suppliers |
Initiated discussion with top tier wheelchair manufacturer |
| Academia | R&D orgs / Universities |
2 projects in various stages of contract negotiations |
| Governments | Government depts / orgs |
2 current discussions which are at various stages of progress. |
Source : TTT CRM
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22
TKF 1000 Multi metal 3D Printer
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1m long 1m wide 0.7 m high build plate
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Build volume of 0.7 m[3]
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Rapid part change bild table
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Can spray multi metal powder in one part
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Titomic TKF 1000 is the latest offering to various industry and research centres that enables multi metal powders to be used in one 3D part build.
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The TKF1000 allows next generation R&D for super alloys, heterogeneous metals and metal composite compounds to be trialled and tested utilising the Titomic Kinetic Fusion process.
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23
Securing powder global supply chain
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Setting up the complete AM supply chain is essential for customer deliveries
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As titanium used for military applications, it is considered a restricted or regulated material in most countries
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After an global survey of 70+ suppliers, TTT has secured multiple global suppliers for quality control and continuity of powder supply
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TTT will develop new industry Additive Manufacturing standards for Aerospace and Defence to be accepted by FAA, DoD and NASA
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Titanium metal powder comes in various forms, TTT is able to use lower grade irregular titanium powder
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Existing additive manufacturing systems cannot utilise these unrefined powders and require spherical more expensive powder
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Customers who choose to use their own powder supply will void their TKF system warranties.
10+ TTT SUPPLIER POWDER PRODUCER COUNTRIES
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TYPES OF POWDERS & NUMBER OF TTT SUPPLIERS
Others (Sponge Fine)
5
Unconventional Current AM
Powders systems use
5
Gas Atomised
Plasma 15
Spherodisation
2
Plasma Atomised
2
PREP
HDH
9
15
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Investment Highlights
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Titomic Kinetic Fusion™ is the first industrial scale additive manufacturing process for metal products
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International patented process fronted by CSIRO
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Ongoing acquisition of IP to strengthen capabilities in various target industries
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Secured continuous global supply of high quality metal powders
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Developing new industry standards for Aerospace & defence industries to be recognised by FAA, DoD and NASA
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Broad number of R&D projects leading to machine sales with applications across a diverse range of industries
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Highly experienced advanced manufacturing team, with a focus on customer service
Future Milestones
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OHS & ISO9001 quality management system implementation to be completed in FY2019
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Integrated IT infrastructure to support organisational connectivity and client system support
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Product development of 2 new systems with broader market segments
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Continue to generate client pipeline with a focus on presence at global trade shows
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Titomic Industrial Scale Additive Manufacturing
Contact
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Investor Centre titomic.com/investors-press.html
Computershare Registry +613 9415 4310
Jeff Lang Managing Director [email protected]
Investor Relations Mich Mak GM, Investor Relations [email protected] +614 2261 0308
Peter Vaughan Company Secretary & CFO [email protected] +614 0371 1233
www.titomic.com
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The smarter manufacturing process
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Industry leading deposition speeds
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Does not melt metal, eliminates oxidation issues; no inert environment, combustion fuels or plasma required
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No thermal distortion as with laser and electron beam AM
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Characteristics include no phase change, low porosity, good bonding strength, compressive residual stress
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Possible to deposit on thermally sensitive substrates
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Most viable process to fuse dissimilar metals for improved properties such as corrosion and erosion resistance
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Can use both irregular and spherical morphology metal powder
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Can create superalloys and heterogenous materials
Since TTT IPO
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2010 Nov’16 Sep’17 Oct’17 Dec’17 Feb’18 May’18 May’18 Aug’18 Oct’18 Oct’18 Kinetic Fusion $2.6M Seed $6.5M ASX Best Maritime Callidus Team Melbourne Callaway Titomic partner in $2.6M research TTT HQ Process developed cap raise IPO listing Innovation collaboration Defence at facility Golf Research Training project for TKF expanded to 2[nd] with CSIRO SG airshow commissioned collaboration centre grant Standards VIC office
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Feb’16 Feb’17 Sep’17 Nov’17 Dec’17 Jan’18 Apr’18 Jun’18 Jul’18 Sep’18 Oct’18 Nov’18 Global Kinetic Fusion US Patent Robotics & Multinational Australian $12M cap Material Exhibited at TAUV Signs $1.8M Exhibited at commercial systems granted spray heads bike Patent raise Testing w/ Eurobike prototype at TAUV Formnext license w/ ordered arrived collaboration granted Fincanteri Germany Land Forces Defence MoU Germany CSIRO Team Defence Australia at China Eurosatory Paris
China Patent granted
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The Titomic team is growing
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Trent Mackenzie Mich Mak Aerospace & Resources Investor Relations
Peter Teschner Bikes Division
Brian Tuohy OHS &Safety
Chris Ward EA & Administration
Ben Andrews Elias Baini Marketing Sales
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Angela McGinness Beau Lang Gloria Hildebrandt Jayesh Modi Administration Procurement Project Management Technology
Khanh Nguyen Amit Rathi Phil Fournier Glenn Cousins Meng Khim Accounts Robotics Workshop Production Production
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Targeting $11bn out of $24bn Bike market
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Source: Lucintel
Global Bicycle market expected to reach $62 billion by 2024
Source: Lucintel
Titomic is in the process of producing a fully monocoque Titanium bike frame.
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