ersonal use : only

1

• FBR designs, develops, builds and operates dynamically stabilised robots

only

•

FBR's flagship product, Hadrian X®, is the world's most advanced construction

robot

•

Capable of building the walls of brick or block houses in as little as a day,

Hadrian X® is designed to produce brick structures safer, faster, cheaper, more

accurately and with waste virtually eliminated

• Hadrian X® is block agnostic, having demonstrated laying capability with clay,

concrete, autoclaved aerated concrete (AAC) and calcium silicate blocks in

both full pallets and pre-cut, sequenced pallets

• Enabled by FBR's Dynamic Stabilisation Technology® (DST®), the Hadrian X®

usetakes the precision of traditional indoor robotics into outdoor environments

on a fully mobile truck-based platform

ersonal

•

FBR and the Hadrian X® technology currently offers a Wall as a Service®

commercial model, where builders can order robotically erected walls with certainty on timing, cost, safety and waste

• Hadrian X® prototypes are in the field building for top tier builders in Perth, Western Australia on commercial terms

• Global brick/block low rise construction market is approximately 525 billion bricks per year, estimated to be in excess of A$500 billion per year to supply and lay

2

use only

Capital structure (as per last ASX disclosure on 16 May 2022)

Ordinary shares on issue

2.4b

Average daily volume (last 3 months)

2.0m

Gross cash and receivables

$11.0m

FY22 R&D tax refund receivable

>$4.0m

R&D tax loan secured against R&D tax refund

-$4.0m

Residential construction finance (secured against

-$1.0m

residential properties)

Equipment finance (secured against equipment)

-$0.8m

Hadrian finance (secured against 2x Hadrian X robots)

-$2.3m

Directors

Richard Grellman

Non-Executive Chairman

Grant Anderson

Non-Executive Director

Greg Smith

Non-Executive Director

Nancy Milne

Non-Executive Director

Mike Pivac

Executive Director - MD & CEO

Mark Pivac

Executive Director - CTO

ersonal

Corporate

Listed in 2015

$130+ million invested into technology 92 employees over 3 continents

R&D, Engineering & Manufacturing facilities in Western Australia Global commercial opportunity - 100% owned

Global IP - 100% owned, no royalty obligations

Substantial Shareholders

Mark Pivac (Founder)

13.7%

FIL Limited

9.2%

Mike Pivac (Founder)

5.3%

3

ersonal use only

  • FBR has the most compelling technology in robotic construction and it is widely accepted that automation is the future of the construction industry
  • Hadrian X® is the only solution that is fully mobile without sacrificing utility, versatility, de-automation or speed of completion
  • Minimal mobilisation and demobilisation time - no gantry setup, minimal site footprint, can build from the road or any other side of a construction site
  • Can use existing building materials and produce walls that are visually the same as existing walls
  • Architectural software automatically populates bricks from existing designs to generate Hadrian build file
  • Compliant with building codes in some jurisdictions, working toward certification in others (ICC certification in the United States; CE certification in Europe)
  • Prototypes are currently providing Wall as a Service® for top tier builders in Western Australian on commercial terms, delivering structures faster, more accurately, safer and with less waste than traditional construction methods
  • Global scaling plan of selling robots manufactured by an OEM to local operating entity partners and leasing back to operating entities to provide Wall as a Service® with a zero capex expansion plan for FBR
  • Preliminary DST testing complete on potential 3D concrete printing application - results extremely promising using existing technology and platform

4

• Record sales - receipts from customers for the 9 months of FY22 of $736,000, a 6,000% YoY increase

only

•

Completed builds for customers - Walls completed on four residential, two low-rise commercial structures,

with another 16 residential structures in progress

•

Pipeline of 24 confirmed upcoming and in progress builds for builders with expected revenues of over $1.1

million

•

Two builds in Wellard remaining to complete five home Wellard portfolio - revenue in excess of $2 million

in FY23 anticipated from sale of five home portfolio. One of the remaining homes to be built using

Wienerberger Porotherm blocks

use

•

Assembly commenced on two next generation Hadrian X® robots - higher lay speed, capability to handle

even larger blocks, longer reach and improved reliability

•

Non-binding term sheet for up to 5,000 homes in Mexico with GP Vivienda

•

Market entry feasibility study for UAE - MOU with Ministry of Energy and Infrastructure executed

ersonal

•

International clay block market unlocked - Hadrian X® demonstrated laying largest clay blocks currently in

production (Wienerberger Porotherm R25s) in addition to concrete blocks

•

AAC and calcium silicate block testing complete - Xella product successfully used to build structures with the

Hadrian X®

•

Builders designing Hadrian-optimised buildings as gen 2 architectural software unveiled

•

H01 laying zero waste pre-cut blocks of multiple types on sequenced pallets in a suburban environment, as

precursor to the future of block production

•

Additional product revenue streams under development with multiple DST and digitalisation-relatedR&D

projects underway

5

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Disclaimer

FBR Ltd. published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 23:42:06 UTC.