Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Corporate Update (November 2018)
18 slides from Ocean Power Technologies's corporate update, Nov 14, 2018
Slide 1: New Products and Commercial Update
OPT OCEAN POWER TECHNOLOGIES New Products and Commercial Update November 2018 Nasdaq: OPTT
Slide 2: Forward Looking Statements
Forward Looking Statements In addition to historical information, this presentation contains forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "m
Slide 3: Ocean Power Technologies — who we are...
OPT OCEAN POWER TECHNOLOGIES Ocean Power Technologies — who we are... Market Statement: “OPT is a manufacturer of distributed offshore power equipment which provides persistent, reliable and economical power and communications for remote offshore topside and subsea applications.”
Slide 4: Products
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Slide 5: Products and Services
Products and Services Fully Commercial Today PB3 PowerBuoy™ * Longer Deployments * Persistence * Low Maintenance ¢ Sustainability Support Services Customization Packaged Options Innovation Services Marine Services OPT OCEAN POWER TECHNOLOGIES Under Development hybrid Subsea Battery PowerBuoy™ Soluti
Slide 6: Hybrid PowerBuoy
Hybrid PowerBuoy™ * Over 1,000 kW (1+ MegaWatt) energy capability * Compact, lightweight, and easy to deploy ¢ “Hot-swap” instead of refueling at sea * Scalable for higher-powered applications * Quick/easy shipment to remote locations OPT OCEAN POWER TECHNOLOGIES
Slide 7: Hybrid PowerBuoy Applications
Hybrid PowerBuoy™ Applications: ¢ Subsea battery recharging Short-duration ROV and AUV deployments Topside surveillance applications Emergency backup and auxiliary power Ocean monitoring, weather stations, sensor power Modular chemical injection OPT <a Ss OCEAN POWER TECHNOLOGIES
Slide 8: Subsea Battery Solutions
Subsea Battery Solutions * High performance/cost efficient power * Quick and easy to deploy and retrieve ¢ Insensitive to severe weather conditions ¢ Modular components - wide range x : of capabilities 3 “=, * Proven and robust technology components OPT OCEAN POWER TECHNOLOGIES
Slide 9: Anchorless PowerBuoy
T™ Anchorless PowerBuoy * Self-propelled — no anchor needed! * Self contained — no external moving parts * Remotely operated smart device * Quick deploy and simple retrieve * Liquid-fueled back-up ¢ Leverages OPT ocean-proven designs & capabilities OPT OCEAN POWER TECHNOLOGIES
Slide 10: Sub Surface Buoy
OPT. OCEAN POWER TECHNOL SUB SURFACE BUOY 1,000 - 3,000 METRES
Slide 11: Marketing Plan and Philosophy
Marketing Plan and Philosophy * Building backlog ¢ Leveraging projects ¢ Products and services ¢ Sales versus rentals 1
Slide 12: Current orders
Current orders O&G PB3 Contract Eni S.p.A. — March ‘18 O&G PB3 Contract Premier Oil | —June ‘18 SS Services Contract Enel — August ‘18 12
Slide 13: Target Market Buying Process
OPT OCEAN POWER TECHNOLOGIES Target Market Buying Process New/repeat customers, multiple PowerBuoy™ purchases revenue backlog generation Initial demonstration projects, rental/service revenues, “try before you buy” Budgetary estimates, technical proposals, contract negotiations Non-disclosure agreem
Slide 14: Transaction Economics
OPT EAN POWER TECHNOLOGIES Transaction Economics 1 COMMUNICATION ANTENNA@ wo CAMERA C RADAR NAVIGATION LIGHT ~s ] a te TRACKER ANTENNAS CELLULAR —~® ¥ -" SATELLITE - WIFI FP Als en, Base PowerBuoy™ + Value-Added Engineering Support Services * Sale or Lease * Packaged Options * Marine Services * Cust
Slide 15: Project economics
Project economics PowerBuoy RENTAL and Services Example sequential payment milestones (% contract revenues recognized) and timing Design / Customize Contract (0%) ‘1 to 2 months “Oto 2 months Cumulative % Revenues Recognized PowerBuoy SALE and Services Typical preferred sequential payment milestones
Slide 16: Opportunity Pipeline
Opportunity Pipeline OPT OCEAN POWER TECHNOLOGIES 50 Active Opportunities through FY21 > >$35 Million Potential Revenues > 75% Offshore Oil & Gas = ~50% Subsea Charging = ~40% Surveillance & Monitoring = ~10% Other >$10 million in proposals issued toward FY19 backlog
Slide 17: Summary
OPT OCEAN POWER TECHNOLOGIES Summary * Robust markets * Innovative solutions * Growing demand ¢ Expanding patent portfolio ¢ Strengthening delivery capabilities 17
Slide 18: Thank You
>r more thformation,<optagi agile Michael Porter, President Porter, LeVay & Rose Ocean @plrinvest.com (212) 564-4700 Thank You
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