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 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
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.