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MASTERING LIGHTDRIVING INNOVATION
CSE:MMAT JULY 2020
CSE:MMAT
This presentation contains “forward-looking statements”
under applicable securities laws with respect to
Metamaterial Inc. (“Metamaterial” or “the Company”)
including, without limitation, statements regarding
adjusted, estimated, forecasted, pro-forma, projected or
intended or anticipated future operations and/or
financial performance, and all other statements that are
not historical facts, statements regarding the
Company’s priorities, the business strategies and
operational activities of Metamaterial and its
subsidiaries, the markets and industries in which the
Company operates, including market opportunities for
the Company’s products and technology, environmental
benefits the Company’s development and production
pipeline and revenue potential, and the growth and
financial and operating performance of Metamaterial, its
subsidiaries, and investments. Although the Company
believes that the expectations reflected in such forward-
looking statements are reasonable, such statements
involve risks and uncertainties and are based on
information currently available to the Company. Actual
results or events may differ materially from those
expressed or implied by such forward-looking
statements. Factors that could cause actual results or
events to differ materially from current expectations,
among other things, include research and development
risk associated with the Company’s product roadmap,
the Company’s ability to find investment partners and
the timing and ability to get government approval for
medical applications. These forward-looking
statements reflect various assumptions made by the
Company, are made as of the date hereof, and the
Company assumes no obligation to update or revise
them to reflect new events or circumstances, except as
required by law.
FORWARD-LOOKING STATEMENTS
2
CSE:MMAT
Summary
3
1. Platform Technology for broad market applications ripe for disruption; automotive,
aerospace, medical devices and consumer electronics – blue ocean
2. Aggressive Growth in Intellectual Property and two M&As to date (51 Patents Granted
in 28 Patents families, 38 patents pending)
3. Purpose Built Proprietary Manufacturing – highly scalable and sustainable products
which we believe outperform the competition. Acquired world’s 1st roll-to-roll
holographic processing pilot and manufacturing lines (developed by Intel).
4. Global Blue-Chip Customers are Co-investing / becoming Commercialization Partners
5. High Target Margins (>50%) and room to increase with economies of scale.
4
Changing the way we use,
interact and benefit from light
and other forms of energy
4CSE:MMAT
CSE:MMAT
WHO WE ARE
5
Design & Nanofabrication
Experts
Breakthrough performance
across a wide range of
applications, driven by
customer requests
Developed Platform
$60M Invested Since
2011
3 Core Capabilities
Holography,
Lithography &
Wireless Sensing
Large Patent Portfolio
51 Granted Patents in
28 Patent Families.
38 Patents Pending
Strategic Partnerships
Relationships with
Fortune500 Companies
across multiple
industries; Automotive,
Consumer Electronics,
Medical, & Aerospace
5
CSE:MMAT
META is a Key Player in the Value Chain
Design/Software Driven
Nanofabrication & Testing
Large Area
Nano-patterning
Final Product
Assembly
Consumer
Raw Materials
META works with raw material vendors
and Original Equipment Manufacturers.
META has a library of proprietary
materials6
CSE:MMAT
META’s Platform Technology
7
Key Advantages
vs. Competition:
• Lower Production Cost
• Flat & Scalable Manufacturing
• High Production Yield
• Precise Control
• Higher Performance
• Customizable Designs
• Production in minutes vs.
competitors taking hours
• Sustainable Raw Materials
A leader in metamaterials design and manufacturing
moving the technology from R&D to commercialization
Manufacturing &
Design Process
Platform
Technology
+ =
Scalable & Sustainable
Products
CSE:MMAT
CSE:MMAT
COMPANY TIMELINE
8
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1st Patent Filed
Algorithm Developed
Acquisition and OEM
Acquired Rolith Inc.
(Pleasanton, CA, USA)
20 Patents families
Acquisition and OEM
Acquired Mediwise.
(London, UK)
28 Patent Families
Global Distribution
Agreement with SATAIR
1st Major OEM Deal
Prototype, Proof of Platform
Series A and OEMKey supply and licensing partnerships with Boeing, Artemis optical and Covestro
Product Launch
Listed to Trade
on CSE
8
Partnership with
Lockheed Martin
MRI & GlucoWise began
Human Testing
University Collaborations
UNB, UdeM
New Head Office
Halifax, NS Canada
NRC & NSERC
Grants
Partnership with
CSE:MMAT
MARKET OPPORTUNITIES
9Source: n-tech Research, Lux Research, Internal META Estimates
Forecast of Revenues from Metamaterials by
Application/End Segment ($ Millions)
$4.1B by 2025 Metamaterials
Market (Emerging
Market 43% CAGR)
Lux Research commented in their June 2019 Report, they expect
the Meta Materials market to move towards $10.9bn by 2030.“
CSE:MMAT
MARKET SCOPE & BEYOND
10
Med-tech is ready for disruption.
Medical device market sales worth
$529 Billion by 2022 (5.2% CAGR)
Electronics/displays & Consumer
Coms sectors are growing
massively with market sales of
$3+Trillion (23% CAGR)
The solar industry awaits the
next major breakthrough
Photovoltaic (PV) market
$333 Billion (25.1% GAGR)
Consumer Electronics
Medical Devices Energy
Electric Everything
Source: IDTechEx, Allied Market Research, Evaluate Ltd. & Internal META estimates
Vehicle Electrification
has just begun. Photovoltaic (PV)
market $567 Billion (22% CAGR)
MISSION
To Make Products Smarter
and More Sustainable
by Utilizing Light and
Advanced Materials
CSE:MMAT
Value Proposition: Higher Performance + Environmental Benefits
11
Example of Environmental & Energy Benefits
compared to ITO (Indium Tin Oxide) substrates
97%
Reductionin mining wastes
Source: IDTechEX, Internal META estimates
90%
Savingsin raw materials
used
86%
Reductionin the air pollution
produced
76%
Reduction in the water
pollution
Up to 7,000%
Reduction in energy
consumption
40%
Savings in the amount of
water used
NanoWeb® is the best alternative to
Indium Tin Oxide
META’s products can offer
up to 40x performance
improvements,
are sustainable
and cost effective.
CSE:MMAT
META’s Wireless Sensing capability enables fabrication of
sensors & antennas completely invisible to the human eye.
META’s touch sensors can be placed below smartphone
displays, on windows of vehicles or buildings and home
appliances.
META’s antennas can operate from low to high frequencies
(2G, 3G, 5G and beyond) and provide communication
systems for conventional, EV and autonomous vehicles.
In 2019, META partnered with
Samsung’s Advanced Institute of
Technology team, to develop
transparent fingerprint sensors
suitable for next generation
smartphones and tablets.
COMPETITIVE ADVANTAGE
Wireless Sensing
12Source: Internal META estimates
CO-DEVELOPMENT PARTNER
“Transparent fingerprint sensors were fabricated to have lower resistance and higher transmittance compared to the conventional sensors.”
“Fingerprint sensors made with RML can have lower sheet resistance and higher visible light transmittance than the sensors made of conventional transparent conductor materials, such as ITO and silver nanowires”
Source: Conference of the Next Generation Lithography 2019 (public information)Hyun-Joon Kim-Lee1.
CSE:MMAT
KEY INVESTORS & PARTNERS
13
Major global corporations and top national labs & granting organizations in the U.S.,
U.K. & Canada have validated META’s robust, proprietary tech platform.
CSE:MMAT
Product Roadmap – Near Term
14
Optical components for
Augmented Reality systems and
head-up displays
PARTNERS: Leading AR
companies, Top Automotive
OEMs, Tier 1 Automotive suppliers
CAPEX INVESTMENT /
SOURCE: Existing In-house, new
roll-to-roll production to be installed
in 2021
PRODUCTION CAPACITY:
Very High volumes
REVENUE POTENTIAL*
$50.0M/yr1,000,000 units @ $50 / Unit
Augmented RealitymetaVISIONTM Advanced Optical
Components
PARTNERS: OEM eyewear
manufacturers, Law
enforcement agencies,
Commercial optical component
marketplace
CAPEX INVESTMENT /
SOURCE: Existing In-house
PRODUCTION CAPACITY :
High volumes
REVENUE POTENTIAL*
$20.0M/yr200,000 units @ $100 / Unit
Optical Filters and Laser Protection metaAIR® eyewear laser protection
PARTNERS: Satair, Airbus,
Covestro, RCMP, Lufthansa
Technik
CAPEX INVESTMENT / SOURCE:
Existing In-house
PRODUCTION CAPACITY:
High volumes
REVENUE POTENTIAL*
$38.4M/yr48,000 units @ $800 / Unit
NanoWeb® film-based
heating/defogging
PARTNER: Eyewear OEMs,
Government Agencies, Headgear
OEMs
CAPEX INVESTMENT / SOURCE:
In progress (installation Q4 2020)
PRODUCTION CAPACITY:
Low volumes until 2021
REVENUE POTENTIAL*
$10.0M25,000 units @ $400 / Unit
Transparent Heaters
*Internal META estimates based on META’s forecasted annual manufacturing capacity (5days, 2 shifts) and avg. selling price per unit
(pricing may vary depending on volume orders)
Focus on Aerospace & Defence and Consumer Electronics /IOT markets
Transparent AntennasNanoWeb® film-based antennas
casted into glass for 5G sensor
comms
PARTNERS:
Tier 1 Glass OEMs and TelCo
CAPEX INVESTMENT /
SOURCE: In progress
(installation Q4 2020)
PRODUCTION CAPACITY:
Low volumes until 2021
REVENUE POTENTIAL*
$3.0M/yr100,000 units @ $30 / Unit
CSE:MMAT
Product Roadmap – Mid Term to Long Term 1/2
15
SolarCoating that improves solar
panel efficiency,
Transparent conducting
electrodes, ITO replacement
PARTNERS:
ENEL Green Power, Solar
OEM manufacturers,
Lockheed and other
Aerospace OEMs
MARKET POTENTIAL
$7.6Bby 2025 (CAGR 9.2%)
Transparent
HeatersTransparent conducting
film, ITO replacement
(heating/defogging)
PARTNERS:
Tier 1 glass OEMs,
Automotive OEMs,
TelCo OEMs
Transparent
EMI ShieldingNanoWeb film-based
protection against
electromagnetic
interference
PARTNERS:
Consumer Electronics
OEMs, Aerospace
OEMs, Automotive
OEMs, Tier 1 Suppliers
DisplaysOptical components for
large area displays
(smartphones, tablets, TV
screens)
PARTNERS:
TelCo OEMs, Automotive
OEMs, Tier 1 projector
OEMs
MARKET POTENTIAL
$14.2Bby 2025 (CAGR 9.2%)
MTI Core Lithography Technology
Touch Sensor for
Flexible DisplaysNanoWeb placed below
the screen to provide
Touch functions
PARTNER:
TelCo OEMs
Energy
HarvestingNanoWeb films
as insulators &
electrodes
PARTNER:
Energy OEMs
Source: BCC Research, Internal META estimates
NanoWeb® product line expansion towards Automotive, 5G and Energy applications
According to BBC Research, the global market for transparent conductive films and
technologies should grow from $4.9 billion in 2020 to $7.6 billion by 2025 with a
compound annual growth rate (CAGR) of 9.2% for the period of 2020-2025.
CSE:MMAT
Expansion towards on Medical Applications – Licensing/Project Financing opportunities
16
MRI Imaging with metamaterial film
COMMERCIALIZATION
Requires $2M Investment to Commercialize
(possible market entry by 2021)
MARKET POTENTIAL
$2.5B50,000 MRI’s @ $50k / Unit
MRI Medical ImagingDual Sensor mm-wave technology with
metamaterial film
COMMERCIALIZATION
Requires large investment and possible partner
for trials and commercialization.
MARKET POTENTIAL
$15B500,000,000 users, 9.6% CAGR
Non-invasive GlucometerRadio-wave Imaging for breast screening with
metamaterial film
COMMERCIALIZATION
Requires large investment and possible partner
for trials and commercialization.
MARKET POTENTIAL
$4.6B 250,000,000 women / year, 8.0% CAGR
Early Stage Cancer Breast Screening
Source: Internal META estimates
Product Roadmap – Mid Term to Long Term 2/2
CSE:MMAT
Capitalization - Post RTO June 2020
17
DESCRIPTION
CAPITALIZATION
(As of 06/05/20)
Common Shares Issued & Outstanding 83,597,092
Stock Options 13,287,197
Deferred Stock Units 1,872,750
Warrants 1,651,352
Broker Warrants 52,861
Unsecured Convertible Debentures 2,428,571
Secured Debenture 7,142,857
Total Shares Issued & Outstanding (Fully Diluted) 110,032,680
$60M invested to date
in META
CSE:MMAT
Selected Financial Highlights – Q1:20 (CAD)
18
This information should be read in conjunction with the complete financial statements and the associated management discussion and analysis, available on the Investors section of our website at www.metamaterial.com, as well as under the Company’s profile on SEDAR at www.sedar.com
Q1:20 Q1:19 2019 March 2020
Product Sales 2,615$ -$ 31,426$ Cash and cash equivalents 1,885,902$
Development Revenue 594,960$ 190,962$ 1,163,632$ Inventory 650,353$
Total Revenue 597,575$ 190,962$ 1,195,058$ Total current assets 3,604,129$
Gross Profit 596,454$ 190,962$ 1,182,920$ Intangible assets, net 6,387,548$
Property and equipment, net 3,356,733$
Operating Expenses 3,421,477$ 2,370,566$ 11,698,899$
Listing and exchange fees* 3,363,512$ -$ -$ Total assets 13,396,451$
Government assistance (61,756)$ (467,168)$ (1,000,433)$
Other expense (income) (731,751)$ 423,182$ 1,687,076$ Deferred revenue, current 1,907,657$
Payables, debt, debentures, other 1,859,127$
Net Loss (5,392,355)$ (2,105,343)$ (11,083,258)$ Total current Liabilities 3,766,784$
*Non-cash, difference in fair-value of CPM assets received via RTO Deferred revenue 3,087,623$
Long-term debt, other 5,895,302$
Total non-current liabilties 8,982,925$
Shareholders' Equity 647,742$
CSE:MMAT
GEORGE PALIKARAS
Founder
President & CEO
• 10 years in Leadership positions of high
tech startups.
• Ph.D in Metamaterials UK. Goldman Sachs
and EY awards for entrepreneurship
• Founder two-startups
• 2 successful M&A
• 40 patents
• Stanford University Exec Ed.
• Endeavor Entrepreneur
FREDERICO BASTOSVP Business Development
• MBA degree with 12+ years of
experience
• Develops business planning &
strategy
• JP Morgan, M&A
management
THEMOS KALLOS
Co-Founder &
Chief Science Officer
• Ph.D in Plasma
Physics USC
• IEEE Plasma Physics
Thesis Award
• 40 patents
• 60 publications
PANOS KOSMASVP Biomedical Engineering
• PhD in Computational
electrodynamics from North
Eastern, Boston
• 25+ years expertise in
Antennas and microwave
engineering, Physics-based
signal processing, Medical
Imaging, Asst.Prof. Kings
College London
CINDY ROBERTS
VP Marketing & Communications
• 25 years of experience in
Marketing, product launch,
branding & communications • Public and private sector
• Hill & Knowlton Canada
Shell Canada, Microsoft
Canada and Swissair
NADINE GEDDES,
Co-founder & Chief Human
Factors Engineer
& Director of Operations
• PhD in Ergonomics from
Loughborough University
• 15yrs experience on user
centered design projects &
integrating continuous
stakeholder involvement into
the design process.
Keith Abriel, CPA, CA,
CFA
Interim CFO
GARDNER WADEChief Product Officer
• 20yrs+ as MD of Development Eng. in
high definition optical eyewear for global
brands in military, flight and performance
sports applications
• Management positions at Andersen
Consulting, American Film Technologies,
Oakley Inc. (subsidiary of Luxottica Italy)
and Intel. 9 issued USA patents.
• BSc from San Diego State Uni.
OLIVER SEITZDirector, Advanced Materials
• 12 years developing new nanomaterials in
semiconductor industries.
• Bachelor in Chemical-Physics, Masters in
Surface
• Interfaces and Evolving material, in Paris
France.
• Ph.D. in Chemistry/Materials Science in
2004 at Versailles University in France. He
attended two postdocs at the Weizmann
Institute of Science, in Israel and at the
University of Texas at Dallas.
MARC TREPANIERDirector, Engineering & Quality
• 25 years of experience
implementing quality mgmt
systems for the manufacturing,
fabrication and service industries.
• Composites Atlantic Limited
(Stelia) Quality Director.
• Mistras and Acuren, and
consulted with various
organizations implementing their
quality management systems in
the oil, gas, transportation and
construction industries.
PROVEN LEADERSHIP – MANAGEMENT
• Over 25 years of experience
with extensive public
company experience.
• Most recently was with DHX
Media (NASDAQ, TSX) and
helped raise over $1B
• Extensive M&A Experience
Mark GosineCorporate Secretary
• Internationally
experienced strategic
executive & lawyer
• Played a key role in
Wildbrain’s (formerly
DHX) international
expansion
• Appointed Queen’s
Counsel in 2020
CSE:MMAT
GEORGE PALIKARAS
Founder, President & CEO
• 10 years in Leadership
positions of high tech startups.
• Ph.D in Metamaterials UK.
Goldman Sachs and EY awards
for entrepreneurship
• Founder two-startups
• 2 successful M&A
• 40 patents
• Stanford University Exec Ed.
• Endeavor Entrepreneur
PROVEN LEADERSHIP – BOARD OF DIRECTORS
RAM RAMKUMAR, B Tech, MBA
BoD Chairman
ALISON CHRISTILAW, MBA,
ICD.D
Since 1991, Mr. Leslie through his firm,
Merchant Equities Capital Corp., has
been leveraging his experience and
contacts into securing and fulfilling
contracts with multiple clients over a
broad spectrum of industries. Over the
past 28 years, Mr. Leslie has served as
an officer and or director of numerous
public and private companies.
Aerospace Industry Veteran, inventor and
entrepreneur. 40+ yrs. Experience in
composite advanced materials, Operations,
M&A.. Successful exit to Airbus Group,
Recipient of the French Legion of Honor,
the French Order of Merit, and the James
Floyd Aeronautic Award of Canada. Former
Director at National Research Counsel,
Former Chairman of Metamaterial
Technologies Inc. for 6 years.
10 yrs private investor in tech.
35 yrs+ serving on boards of
numerous public companies listed
on the TMX and Nasdaq. CEO of
Top50 $100M+ revenue listed
companies. Bachelor of
Technology, MBA (University of
Toronto) and former CA.
40 yrs Senior Exec, Sales
and Product Management at
SATAIR (sold to Airbus
Group). Grew revenues from
$7M to over $2Bn, M&A and
Strategy experience
20+yrs Strategy Expert,
Governance, HR, Management
consulting. Alison sold her business
to Deloitte Canada. Worked with
leaders and their leadership teams
in many types of organizations:
Public and Private companies;
Multiple industries: Technology,
Professional Service, Financial
Services, Manufacturing, Retail/
Franchise, and Distribution.
STEEN KARSBO MAURICE GUITTON
ERIC LESLIE
20
CINDY ROBERTS
VP, Comms.
C: 902.222.3658
O: 902.482.5729
MARK KOMONOSKI
Director IR & Capital Markets
C: 403.470.8384
O: 877.255.8483
