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Building a Clean Energy Future
June 2018 | 1
-20.0%
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60.0%
80.0%
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120.0%
1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Energy Growth
Ref: http://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html
Perc
enta
ge S
hare
of E
nerg
y Gr
owth
| 3
Energy & Construction Integration – the next step
| 4
A More Profitable Type of Construction
1. Robot FabricationJust nine major partsAll made by robotsFull supply chain control
| 5
A More Profitable Type of Construction
2. Optimized ConstructionFlat-Packed, shipping container transport.No cranes, earthworks or scaffolding.Built on challenged sites.
| 6
A More Profitable Type of Construction
3. Free Solar
Replaces cladding and eves with solar at no incremental cost.Stores 50% of a home’s energy in thermal mass.
| 7
Enabling Technology
Patented Structure
Expandable & ReconfigurableFlat/ Green RoofRemovable & Re-sellable
Two Story Standard Configuration
Custom Configuration
Challenging Site
Solar Ready
Reconfigure/ Resale/ Recycle
Flat Roof
Curtain wall Double Glazing
$1,000/m2
$1,200/m2 $1,250/m2
2017
$900/m2
2019
$700/m2
2021+
| 8
Cost comparison
$1,450/m2
Lower CostLock-up cost, 20-30%lower cost than traditional build.Lower cost fit-out.
*Lock-up Costs
ScaledProduction
RobotFabrication
Iron Matrix - a better home for a lower cost
| 9
… Builders/ Developers More profitable construction
Unlock and lease land
Lower cost fit-out and utilities
| 9
… GovernmentsAdvanced manufacturing
Clean energy uptake
Jobs and remote/ affordablehousing
Better for … CustomersLower cost home
Eliminate bills with clean energy
Residual value
Commercialization Plan (Stage 1)
| 10
Proof of Concept2015-2018
Scaled Production2018-2020
Wider Deployment2020+
PhaseI
PhaseII
PhaseIII
Engineering & Certification Patents & Fab. Drawings Prototype Construction Prototype Fit-out Capital Raise (Ph II)
Builder, Fabricator Partner/ Acquisition Robot Manufacturing Automated Structural Cert. Online Design & Sales Capital Raise (Ph III)
Other Applications (e.g. Commercial) License Technology International Deployment Full Supply Chain Control Stage II Capital Raise
($10,000,000)
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
1-Jan-19 1-Jan-20 1-Jan-21 1-Jan-22 1-Jan-23
$16m EBITDA by 2023
EBITDA
Remote housing revenue
Suburban housing revenue
Eco-village revenue
| 12
Investment Milestones
$3.3mil val. (post money)
$650k raise (Seed)
Foundation Investor
$350k 11%
VC (Clean Energy)
$150k 4.5%Gov. Grant(Acc. Com.)
$150k
$200k Prototype Fit-Out
$50k Legal
$100k Salaries (Company)
$300k Robot Development (Advanced Manufacturing)
$400k Builder
Foundation Investor
$250k
VC (CleanEnergy)
$250k
ModularBuilder
$250k
PropertyDeveloper
$250k
$5.6mil val. (post money)
$1mil raise (Series A)
$400k Salaries (Company)
$300k Engineering, Architecture, Interior Design
$200k Legal, Accounting
Eco Village ($1.0 mil working capital)
Contingency ($300k+ Eco Village Profit)
$10-20mil val.
(Series B)
3 months 3-6 months 18-24 months
Intellectual property Au$1.5 million*
Engineering, Patents, Certification, Fabrication Drawings, Web Domain, Trademarks.
| 13
Company Valuation
Tangible assets (prototype) Au$1.3 millionThe land was purchased for $750,000 in 2011. With construction costs of $375,000, we unlocked $175,000 in land value. Capital to be re-deployed after completion.
www.IronMatrix.com
*Value based on 10 year projection of similar build and sales as prototype.
Au$2.8 million valuation No debt
Co-FounderMBA (Entrepreneurship & CleanTech)8 years Consulting
Nina Hitchins Carley Morgan
Automation & ControlBachelor of Electrical EngineeringProject Engineer
Brendan Wessling David SutherlandBranding & MarketingMBAGeneral Manager at Yes Agency
CommunicationsBachelor of CommunicationsCommunity Engagement Officer
| 14
Team
Co-FounderBach. Engineering & Commerce18 Years Energy Industry
David Morgan John JorritsmaConstruction25 Years Residential Construction & Fit-out
Thank You
david.morgan@ironmatrix.com
nina.hitchins@ironmatrix.com
ironmatrix.com
Facebook News
News Article
Construction Time-lapse
Drone Footage
Robotic Welding
Feature Article
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Coal Oil GasNuclear Hydro Geo/Bio/OthWind Solar
Historical Energy Growth
Ref: http://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html
Mill
ion
Tone
s of O
il Eq
uiva
lent
| 18
Zero Cost Energy
$0.01
$0.10
$1.00
$10.00
$100.00
1975 1985 1995 2005 2015 2025
Sol
ar P
anel
Cos
t $/
Wat
t
Solar panels as claddingprovide zero cost energy
Fully Customizable Internals
Flexible FinishesIron Matrix interiors can be fully customized and modularized.
| 19
Future Opportunities
| 20
$
Modularized Fit-out
Financing/ Leased Land
Delivery DronesRobot Assembly
time
Energy Storage, DC Power Sys.
Iron MatrixBuildings
Australia has the;
• Natural Resources
• Solar Energy & Land
• Technical Capabilities and
• Political Support (few manufacturing jobs)
that would allow it to be at the vanguard of this revolution.
Australian Made The 4th Industrial Revolution has begun (robot manufacturing) and Australia is well positioned to take full advantage.
| 21
Australia’s competitive advantage
Cost Savings Estimates
Go-to-market strategy starts with a high margin eco-village
0%
10%
20%
30%
40%
50%
60%
0
500
1,000
1,500
2,000
2,500
3,000
Jul-18 Jul-19 Jul-20 Jul-21 Jul-22
Gross MarginSquare meters built
each month
Eco-Village Remote housing Suburban housing
$0
$20,000
$40,000
$60,000
$80,000
$100,000
Jul-18 Jan-19 Jul-19 Jan-20
Fabrication Automation Capex
Engineering certification
Finite Element Analysis
Prototype fit-out
Insurance
Engineering and design
Legal Advice
Superannuation
Founder salaries
Incidentals
Seed$2.8 pre-money
valuation
Allocation of Seed and Series A investment dollars
Series A$5 pre-money
valuation
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