Published on February 4, 2014
TSX-V: IB OTCQX: IAALF Specialty Alloys & Engineered Materials A Platform For Growth Corporate Presentation February 2014
Legal Disclaimer Some statements contained in this presentation or in documents referred to in it are or maybe forward-looking statements. Actual results may differ from those pressed in such statements, depending on a variety of factors. Any forward-looking information contained in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect, and accordingly, actual results may vary. Past performance of the Company cannot be relied on as a guide to future performance. This presentation does not constitute, or form part of or contain any invitation or offer to any person to underwrite, subscribe for, otherwise acquire, or dispose of any shares in IBC Advanced Alloys Corp., or advise persons to do so in any jurisdiction, nor shall it, or any part of it, form the basis or be relied on in any connection with or act as a inducement to enter into any contract or commitment therefore. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this document or on its completeness and no liability whatsoever is accepted for any loss howsoever arising from any use of this document or its contents otherwise in connection therewith. TSX-V: IB OTCQX: IAALF 2
IBC Advanced Alloys Corp. Contents IBC - Business Markets / Products Future Growth TSX-V: IB OTCQX: IAALF 3
IBC - Business IBC manufactures specialty alloys and advanced materials for the aerospace, automotive and other high performance industries. • • • • • Proprietary manufacturing process; Sustainable competitive advantages; Existing $20M year business; Historical gross margins up to 25%; Value add high margin growth opportunities. • 2014 new products and alloys; • 100% revenue growth with minimal capex. • Proprietary casting technology; • Substitution opportunity for high cost machined parts. Targeting profitability calendar year end 2014 TSX-V: IB OTCQX: IAALF 4
IBC-Business What is Beryllium? Beryllium (Be): • Rare metal with unique characteristics. • Excellent thermal conductivity; • Weight by weight, stiffer than steel; • Second lightest metal (after lithium); • High melting point with excellent thermal conductivity. • Use as pure metal or an alloy with copper or aluminum to: • Increase hardness; • Dramatically reduce weight; • Improve thermal conductivity. TSX-V: IB OTCQX: IAALF 5
IBC - Business 1. Manufacturing Copper Alloys Engineered Materials Products: Products: • • • • • Beralcast® - castable Be/Al • ABX™ - castable Al/Be alloy for commercial applications. Beryllium Copper Chrome Copper Aluminum Bronze Specialty Copper Alloys 2. R&D • Casting technology • Engineered Materials: New alloys in development. • Nuclear fuels* *Purdue University, Texas A&M University, TSX-V: IB OTCQX: IAALF Massachusetts Institute of Technology 6
IBC - Business Copper Alloys – Markets Automotive Oil & Gas Electronics High End Plastics Injection molds for wide range of parts Large Rings Electrical Connectors Down Hole Tubing Industrial Motors Directional Drilling Robotic Equipment High performance Injection molds liners TSX-V: IB OTCQX: IAALF 7
IBC - Business Aerospace Engineered Materials – Markets Defense Manufacturing Weapons High Performance Core Components & UAV Cast Components and sub-structural parts Infrared Systems Optical Targeting TSX-V: IB OTCQX: IAALF Specialized Replacement Materials Replacement for aluminum, titanium & advanced composites 8
IBC - Business IBC Plant Locations FACILITY LOCATION AREA (m2) AREA (sq. feet) LEASED/ OWNED Copper Alloys Franklin, IN 4,800 48,800 Owned Copper Alloys Royersford, PA 1,500 16,000 Leased Copper Alloys New Madrid, MO 2,500 26,500 Owned Engineered Materials Wilmington, MA 5,800 63,000 Leased TSX-V: IB OTCQX: IAALF 9
IBC - Business Current Facilities & Revenues Engineered Materials Copper Alloys Current • 3 facilities; • Operating at 70% with single shift; • Currently delivers approximately 85% of overall revenues; • Historical gross margins of up to 25%; • $30M capacity as configured. • Diversified global customer base; • Sell direct and via distributors; • No customer > 10% of sales. TSX-V: IB Current • • • • • • • • New advanced vacuum casting facility; Operating at 20% with single furnace; High margin business; High barriers to entry; $5M break even; ~$10M capacity as configured; Capacity limited by furnace not plant; Addition of up to 3 furnaces without plant expansion; • Received AS9100C certification essential for aerospace. OTCQX: IAALF 10
IBC - Business Objectives For Facilities & Revenues Engineered Materials Copper Alloys Target • Focus on constant incremental margin and yield improvements; • Develop “value add” semi finished product mix (example – CuBe rings); • Expand machining and finishing capacity; • Expand international distributor network; • Grow cast input billets business; • Introduce new alloys; • Add Indiana manufacturing capacity of 20,000 – 40,000 ft2 TSX-V: IB Target • • • • Add second furnace for growth; Additional growth capacity exists; Add de-waxing and machining capacity; Existing 63,000 ft2 configurable for 3-5x capacity growth; • Long term aerospace & UAV contracts • R&D agreements • Development contracts • Purchase orders; • Increase profile in automotive and high tech industries. OTCQX: IAALF 11
IBC - Business Growth Drivers Copper Alloys Engineered Materials • New products and alloys; • Machining capacity to offer wider range of semi finished products; • Expansion of distribution channels; • Focus on business development; • Plant and equipment upgrades. • Proprietary process for delivering proven alloy at lower cost point; • New markets, applications and alloys; • Acquisitions and joint ventures; • Materials performance awareness and substitution opportunities. Research & Development • Nuclear fuels. • Alloys and composite development. TSX-V: IB OTCQX: IAALF 12
Markets/Products The Beralcast® Advantage Cheaper Lighter • Up to 50 - 80% cheaper than machined • 22% less weight than aluminum. competitive material; • Significantly improved lead times over beryllium Faster aluminum machined parts. • Weeks vs. months for machined parts. Stiffer High Volume • 300% stiffer than aluminum. Specific Stiffness Comparison (Modulus/Density) • Precision cast to simple and complex geometries. • Cast to near net shape reducing expensive machining. Low CTE 400 • Critical in certain applications with wide operating temperature ranges. 350 300 250 200 Beralcast® is an excellent material when light weight and high modulus applications are required. 150 100 50 0 Steel Magnesium Titanium Aluminum Beralcast® TSX-V: IB OTCQX: IAALF 13
Markets/Products Cast Performance Alloys IBC Engineered Materials Beralcast castings offer significant advantages over machined parts. Faster delivery Suited to high volume applications TSX-V: IB OTCQX: IAALF Cost control / competitive pricing 14
Future Growth Opportunity - Nuclear Fuels Nuclear fuels research with Purdue University, Texas A&M University and MIT. Nuclear fuel development MOU with GNF (GE) provisional patents filed. Expected Benefits: • Increased MW-days per ton. • Nuclear fuels market currently: Utility cost savings. • Extended fuel cycle. • • $25 billion Reduce waste. Less uranium required. • Lower core temperature and lower. temperature gradient. • Nuclear fuels market projected for 2020: Enhance reactor safety. $35 billion TSX-V: IB OTCQX: IAALF 15
Future Growth The Opportunity Engineered Materials Copper Alloys • Existing $20M business; • Copper Alloys division is cash flow positive; • Historical gross margins of up to 25%; • Introducing high margin semifinished products; • Targeting continued growth. TSX-V: IB • Beryllium aluminum proven and widely used material; • IBC’s casting process provides opportunity to substitute machined parts with castings; • Management estimates for castings are $200M annually; • Enormous market potential. OTCQX: IAALF 17
Corporate Summary Share Structure Shares Outstanding 62.8M Fully Diluted** 86.8M Market Cap Options Warrants**(expiring Feb. 2015) $12.2M ~6.0M 100 Day Average Daily Vol. 18.0M @ $0.18 100 Day High/Low Close Head Office 579K $0.245 - $0.05 OTCQX:IAALF Corporate Information Inception TSX-V:IB 2007 Vancouver F2011 Revenues $22.9M F2012 Revenues $25.5M F2013 Revenues $20.9M TSX-V: IB 100 Day Average Daily Vol. 100 Day High/Low Close 96K $0.235 - $0.050 *Current as of January 31, 2014 **Including warrants potentially issuable on exercise of unit purchase warrants OTCQX: IAALF 19
Corporate Summary Management & Directors Anthony Dutton Major General David R. Heinz (Ret) Director, President & CEO Alastair Neill Director Director Former VP Sales & GM of AMR (Neo-Material Technologies) Finance & Strategic Advisory Background Retired US Marine Corp officer. Former PEO for F35 JSF Program Simon J. Anderson Dal S. Brynelsen Mike Jarvis Chief Financial Officer Director Director Chartered Accountant with public and private company experience as director / officer President and CEO of Vangold Resources Ltd., Corporate Finance Former President of Franklin Power Products and Delco Remy’s Powertrain Division Jim Malone Vice President Nuclear Fuels, Chair, IBC Nuclear Fuels Advisory Board Former VP Nuclear Fuels for Exelon Corp. Ray White President of IBC Engineered Materials Rajeev Jain Vice President of Sales Mark Wolma President of IBC Nonferrous Chris Huskamp Business Development – IBC Engineered Materials Douglas Veitch Vice President of Business Development TSX-V: IB OTCQX: IAALF 20
TSX-V: IB OTCQX: IAALF Specialty Alloys & Engineered Materials A Platform For Growth Thank You Contact Investor Relations: IBC Advanced Alloys Ian Tootill Director of Corporate Communications firstname.lastname@example.org (604) 685-6263 ext. 110 The Howard Group Dave Burwell Senior Associate email@example.com (403) 221-0915
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