Investor presentation June 2018
E- Mo�ility is �o�i�g… 15 Mio. New vehicles with pure electric drive until 2030 on the streets LION E-Mobility develops products for all relevant markets LION E-Mobility AG Investor presentation I June 2018 I Slide: 2
Todays �attery te�h�ology has �ot rea�hed it’s target yet Costs and range do not meet OEM requirements R e q u i r e m e n t s f o r f u t u r e B a t t e r y Te c h n o l o g y Pack incl. Cell High cost and limited range Today Cost / kWh ~ € 200 Improving the range at lower costs Target ~ € 100 Range 250-350 km 1000 km LION E-Mobility develops products to meet requirements LION E-Mobility AG Investor presentation I June 2018 I Slide: 3
WE ELECTRIFY THE FUTURE… BMW i3 with LION Battery Pack
LION E-Mobility at a glance Build to electrify the future TÜV SÜD AG 70% Investments LION E-Mobility TÜV SÜD 30% North America LION Smart GmbH Battery Testing Inc. GmbH Inboard <5% ParkHere <10% Battery-Management- Engineering & LIGHT Eliso Systems & Battery Consulting & Studies 8% Battery Testing Components LION Smart GmbH TÜV SÜD Battery Testing GmbH Total balance Total balance in k€ FTEs Revenue Net income LION Smart GmbH TÜV SÜD Battery Testing GmbH in k€ FTEs Revenue Net income sheet sheet 4,000 14,000 2011 6 318 28 736 3,500 2011 6 403 -419 1,012 12,000 3,000 2012 4 289 48 1,083 CAGR: 31% 10,000 2012 12 1,265 -236 3,147 2,500 CAGR: 52% 2013 6 251 1 1,355 8,000 in k€ in k€ 2013 16 2,679 245 8,269 2,000 6,000 2014 10 524 -4 2,453 1,500 CAGR: 27% 2014 18 2,927 -503 8,435 CAGR: 59% 4,000 1,000 2015 14 2,079 381 2,487 2015 20 4,336 460 7,782 500 2,000 2016 18 2,386 259 3,027 0 2016 24 4,763 253 9,779 0 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017 2017 26 1,307 -812 3,782 2017 28 6,536 636 12,483 Revenue Total balance sheet Revenue Total balance sheet LION E-Mobility participates on all stages of battery value creation chain LION E-Mobility AG Investor presentation I June 2018 I Slide: 6
LION E-Mobility Technology: LIGHT Battery Challenge for successful battery concepts ▪ Low cost, high quality solution ▪ Fully automated high speed production ▪ Absolutely safe: Failure tolerant design, single cell fusing, extinguishing concept ▪ Best energy density for highest capacity, best range ▪ Optimal thermal management -> Fast charging capability, best life span ▪ Best integrability due to modular and flexible architecture The LIGHT Battery is designed to overcome all those challenges LION E-Mobility AG Investor presentation I June 2018 I Slide: 7
LION E-Mobility Technology: LIGHT Battery Highest energy density at lowest cost Cell Supercell Customized Battery Pack + LIGHT Battery concept is based on + Designed for maximum automatization + Designed for maximum cylindrical cells (mass product) during production automatization during production + Both important cell formats 18650 + Energy density of > 230Wh/kg (current + Reference implementation in i3- Package: 94kWh (original: 33kWh) and 21700 will be used cell technology) + Format 18650 is current cost + Improved safety through extinguishing + Higher life expectancy through leader, 21700 will be in 2025 system and single cell fuse on both sides innovative cooling concept + Both formats are and will be leader + Number of parts minimized to meet + Cooling-liquid surrounding the cells in energy density stringent cost targets evenly + No single source dependency due + Infrared communication makes wires + No cables in the pack significantly to various possible suppliers obsolete to reduce cost reduce costs and assembly efforts The LIGHT Battery is designed to meet all current and future requirements LION E-Mobility AG Investor presentation I June 2018 I Slide: 10
LION E-Mobility Technology: LIGHT Battery Supercell Highest energy density at lowest cost Adjustable size Meeting the needs of every application and customer Fully automated production Reduce cost of production to minimum No wires Wireless communication through pack to reduce cost of production to minimum Improved safety Through sophisticated double sided fuse and immersion Even temperature distribution Through innovative cooling to guarantee maximum lifetime Highest energy density Through reducing overhead parts No bus bars and wires Through contacting concept no bus bars are necessary The LIGHT Battery Supercell is designed to meet all current and future requirements LION E-Mobility AG Investor presentation I June 2018 I Slide: 11
LION E-Mobility Technology: LIGHT Battery Symmetrical and self-similar liquid flow Super Cell Module System ▪ No valves needed ▪ Homogeneous cooling through all Super Cells ▪ Low flow resistance ▪ Extinguishing concept fully integrated LION E-Mobility AG Investor presentation I June 2018 I Slide: 12
LION E-Mobility Technology: LIGHT Battery License Business Modell License Advantages LION E-Mobility ▪ Increases volume Accelerates entry into new markets ▪ ▪ Accelerates market dominance ▪ Reduces capex Screwing, Modules to Assembly of Welding and End of line Quality tests pack Electronics, all parts glueing test ▪ Generate revenue before SOP assembly sealing ▪ R&D cost can be divided onto multiple customers Advantages License Receiver Reduces complexity ▪ ▪ Shortens time to market ▪ Audited Supplier Network ▪ Reliable quality LION E-Mobility develops production line concept for LIGHT Battery ▪ Reduces costs via shared resources and builds up supplier and partner network (e.g. for production line Full automation, best price ▪ setup) ▪ State of the art technology ▪ Less to no R&D costs, highly competitive License receiver is granted the right to produce LIGHT Battery ▪ Reduces risks by means of safety mechanisms, proven idea Payment is one time upfront + amount/kWh output LIGHT Battery can be the perfect licenced solution for Tier1 suppliers and small to medium OEMs LION E-Mobility AG Investor presentation I June 2018 I Slide: 13
LION E-Mobility Technology: Battery Management System Safety in every battery application and innovation for the future GEN1 GEN2 Automotive • Full automotive conformity • Derivatives for specific markets and requirements (stationary, marine) 48V / LowVolt Monoboard for smallest packaging • • Newest ADI chip LTC6813 • Multi-master-system Battery Management System + The Battery Management System is the key electronic of every battery • Highly innovative wireless Wireless communication + Together with the BDU crucial component for • Cooperation with ADI for R&D and safety demonstration + Diversification is necessary, as number of applications and thus individual requirements grow LIGHT BMS • Highly innovative infrared + LION Smart has more than 10 years of experience communication with Battery Management Systems • Cooperation with ADI for R&D and demonstration + LION Smart has strong partnership with Analog Devices in the field of ASICs and chips for Battery Management Systems Diversify the portfolio to meet the needs of every battery type LION E-Mobility AG Investor presentation I June 2018 I Slide: 14
LION E-Mobility: Battery Testing Strategy Strengthen the leading lab in Europe and expand globally Global Battery T esting TIC Market CAGR 2022-2025 >8% 2750 CAGR 2017-2022 +20% 2180 Mio € Total balance in k€ FTEs Revenue Net income sheet 2011 6 403 -419 1,012 2012 12 1,265 -236 3,147 876 2013 16 2,679 245 8,269 2014 18 2,927 -503 8,435 2015 20 4,336 460 7,782 2016 24 4,763 253 9,779 2017 2022 2025 2017 28 6,536 636 12,483 Strengthen and expand Growth Existing and well running business + Strengthen the existing lab end expand the capacity of the + Global Battery Testing + Together with TÜV SÜD one of the leading site to meet the rapidly growing demand Market is growing with battery test labs was setup in Garching, + Set up new locations in Germany or close European CAGR +20% until 2022 Germany country together with TÜV SÜD operational in 2020 + Germany will be one key + Market leader in performance and safety + Set up additional locations in global markets, together with market for growth testing, excellent customer relation and TÜV SÜD or stand-alone, depending on market need repetition + More than 8 years of experience with battery testing, mainly in automotive industry Together with TÜV SÜD, LION is in the perfect position to take a leading role in the rapidly growing market LION E-Mobility AG Investor presentation I June 2018 I Slide: 15
LION E-Mobility: Summary LION E-Mobility participates on all stages of battery value creation chain Total market battery packs (bn.$) Battery pack cost 2020 Cell Pack - Cell costs are and will be dominant factor in total cost 61% 2020 34 17 Cell 39% - Pack is a significant Pack share of total cost and market Battery Engineering Testing Management Assembly Service System Partner LIGHT Battery LION E-Mobility participates on all stages of battery value creation chain LION E-Mobility AG Investor presentation I June 2018 I Slide: 16
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