CAP-XX Limited · LSE:CPX
CAP-XX — Investor Presentation (June 2008)
16 slides from CAP-XX's investor presentation, Jun 2, 2008
Slide 1: Future Directions
Future Directions 2nd June 2008 © CAP-XX CONFIDENTIAL 2008
Slide 2: Disclaimer
Disclaimer • This presentation and its enclosures and appendices (the “presentation”) have been prepared by CAP-XX Limited (the “Company”) exclusively for information purposes and does not constitute an offer to sell or a solicitation of an offer to buy any securities. This presentation has not been
Slide 3: Agenda
Agenda 1. Where we have come from. 2. Where we are today – the significance of the partnership with Murata. 3. What the future holds. © CAP-XX CONFIDENTIAL 2008 3
Slide 4: Where we have come from
Where we have come from • Research started in 1994; Founded in 1997; First sales in 2002; Asian production started in 2005; listed 2006. • World class technology for thin prismatic supercapacitors. • Unique combination of high energy and high power in a very small package. • Production already prove
Slide 5: Today: The partnership with Murata
Today: The partnership with Murata The partnership with Murata secures CAP-XX‟s future About Murata • Established 1944 • Listed on Tokyo and Singapore Stock Exchange • Market Capitalisation £5.8b • Sales £2.4b • R&D expenses (p.a.) £200m - as % of sales 7% • Capacitor produced / day 1.3B • Employees
Slide 6: Today: The partnership with Murata
Today: The partnership with Murata The partnership with Murata secures CAP-XX‟s future 1. Murata has committed to invest in current generation production line for mobile phones. 2. Murata is planning to scale current generation production significantly within three years. 3. Murata is willing to co-
Slide 7: Today: The partnership with Murata
Today: The partnership with Murata The partnership with Murata secures CAP-XX‟s future The Deal in Brief • Non exclusive licence • Murata licence is for small prismatic supercapacitors. • Term is for life of current patents. • Cash upfront • Royalty fee as a % of sales plus a share of operating prof
Slide 8: Today: 2 Out of 3 pillars secured
Today: 2 Out of 3 pillars secured Design Wins Demand from Top 5 mobile phone continues companies to grow World World‟s leader in manufacturing Murata √ CAP-XX √ best and technology logistics © CAP-XX CONFIDENTIAL 2008 8
Slide 9: Forecast demand continues to grow
Forecast demand continues to grow Camera sensors have the highest penetration in handsets Total Shipments Mobile Phones 83% 80% 74% 78% 69% 63% 55% 1.1Bu Greater penetration than Audio Source: Insupply 2007 © CAP-XX CONFIDENTIAL 2008 9
Slide 10: Forecast demand continues to grow
Forecast demand continues to grow … and the growth is all in the higher resolution sensors Camera Phones by Camera Resolution 100% 90% 80% 70% >3 Megapixel 60% 3 Megapixel 50% 2 Megapixel 40% 1 Megapixel 30% <1 Megapixel 20% 10% 0% 2004 2005 2006 2007 2008 2009 2010 2011 Sales of Camera Phones to En
Slide 11: Forecast demand continues to grow
Forecast demand continues to grow 2 HBLED Flash Design become Main Stream in Europe 2008 released models 3.2Mpxl 3.2Mpxl 3.2Mpxl 3.2Mpxl 5Mpxl 3.2Mpxl 2LED Flash 2LED Flash 2LED Flash 2LED Flash 2LED Flash 2LED Flash Sony Ericsson Sony Ericsson G700i C702a Q308 Q308 Q308 Q208 Q208 Q208 Source: Analo
Slide 12: Forecast demand continues to grow
Forecast demand continues to grow Flash Penetration is increasing Year 2008 at Nokia by 50% and in the 2LED segment Nokia release 2007 q Nokia Release 2008 Nokia 2007 Nokia 2008 to this day(to this day) 50 phones, 437Mu phones 16 phones, 493Mu phones Xenon 2% Xenon 6% Count of Handset Count of Hands
Slide 13: Forecast demand continues to grow
Forecast demand continues to grow As Camera Resolution Increases, LED Flash Requires Higher Performance Shipment forecast in $M 400 2LED 3Mpxl 350 No Flash 300 1LED 250 1Mpxl 2Mpxl 2Mpxl 3Mpxl 200 5Mpxl 150 1Mpxl 5Mpxl 100 50 Xenon 0 2006.5 2007 2007.5 2008 2008.5 2009 2009.5 2010 2010.5 2011 2011.5
Slide 14: © CAP-XX CONFIDENTIAL 2008 14
© CAP-XX CONFIDENTIAL 2008 14
Slide 15: The Future: our options Engines of Growth
The Future: our options 3 Engines of Growth Normalised Market Demand (Units) Supercapacitors for: - Renewable Energy - Automotive - Memory Backup - Fuel Cells Plus new materials for: - Electronic Industry - New Batteries Existing Products Surface Mount Supercapacitors 2008 2011 2013 2015 © CAP-XX CO
Slide 16: The Future: our options
The Future: our options Murata Murata Mobile Phones Manufacturing Marketing + Other and Distribution Solar Panels, wind farms, renewable energy CAP--XX CAP- XX CAP- Automobile Manufacturing Manufacturing Contract / JV Sales Organisation Applications Electrode In-house CAP In- Fuel Cells Medical, Mil