Novonix Limited Q3 FY2024 earnings call

• Progressed with Riverside facility preparation for 2025 production, installing and commissioning equipment and receiving $9M in reimbursements under the government grant.
• Engaged in discussions with the Department of Energy Loan Program Office regarding financing for future sites beyond Riverside.
• Signed joint development agreements with CBMM and ICoNiChem for cathode technology development.
• Published a white paper highlighting cathode technology performance compared to industry benchmarks.
• Appointed Robert Long as the new Chief Financial Officer and continued progress on the public listing of Axon Graphite.
• Outlined Anode Materials growth plan in three phases, with critical focus on the first phase at Riverside, building to 20,000 tons capacity

Anode Materials

• Absolute: Riverside facility will produce up to 20,000 tons per year of synthetic graphite when at full production. This quarter, continued to install and commission equipment for the first 3,000 ton per year line, which will be online in the first half of next year. Received $9 million in reimbursements under the government grant. Revenue contribution: A leading domestic supplier of synthetic graphite for the battery sector, with binding offtake agreements with Panasonic Energy and KORE Power.

Cathode Materials

• Absolute: Demonstrated patented all-dry zero-waste NMC cathode synthesis technology at pilot scale (10 ton per year). Signed development agreements with CBMM and ICoNiChem. Published a white paper on cathode technology performance. Revenue contribution: Part of the company's focus on key battery materials.

Battery Technology Solutions

• Absolute: Focused on ultra-high precision coulometry equipment, expanded into R&D services with full in-house pilot lines. Signed partnership with Voltaiq, granted a patent for graphite silicon alloy composite materials in Europe. Revenue contribution: Provides competitive advantage through innovation in materials and process technologies

• Riverside's first 3,000 ton per year line to be online in the first half of next year, aiming for production and deliveries to Panasonic Energy in late 2025.
• Continued discussions with the Department of Energy Loan Program Office for financing support for a Greenfield facility's initial 30,000 ton phase.
• Focus on securing Tier 1 customer demand for materials, scaling Riverside operations, securing financing for growth, and upholding industry leadership through cathode technology commercialization

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