Hyliion Holdings Corp. · AMEX:HYLN
Hyliion — Investor Presentation (September 2022)
31 slides from Hyliion's investor presentation, Sep 13, 2022
Slide 1: Commercial Vehicle Electrification
COMMERCIAL VEHICLE ELECTRIFICATION
Slide 2: Disclaimer
Disclaimer The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact
Slide 3: Earth's Most Negative Company
Earth’s Most Our Mission Be the leading provider of NEGATIVE electrified solutions for the commercial vehicle industry COMPANY* To achieve an equivalent GHG reduction, you would need to: eliminate over The Opportunity 150 million When comparing a fleet of 50 heavy-duty Miles Driven by an avg. gasoli
Slide 4: Powertrain Evolution
Powertrain Evolution 2 Electric Solutions = Plug-in Electric | Electric Range Extender Product Portfolio Last Mile Regional Haul LTL Truckload / team drivers Hydrogen 5+ yrs. Plug-In Electric Range Electric Extender 2 yrs. Renewable Today Natural Gas 0 miles 200 miles 500+ miles 4
Slide 5: Company Overview
Company Overview We don’t build trucks. We transform them. 200+ AUSTIN, TX EMPLOYEES 150k sq. ft. HQ HYLN $500M NYSE AVAILABLE CAPITAL as of Q2 2022 Company Philosophy POWERTRAIN SOLUTIONS | ASSET LIGHT | CORE IP | LONG-HAUL TRUCKING Reduce Carbon Emissions Reduce Cost of Operation Leverage Existing
Slide 6: Powertrain Products
@HYLIION POWERTRAIN PRODUCTS
Slide 7: One platform - various solutions
One platform - various solutions Future potential Refuse Drayage bus Off Highway Proprietary Software and integration expertise are key differentiators for all Hyliion products OEM COMPATIBLE: 7
Slide 8: Initial Step into Electrification
Initial Step into Electrification 1 FLEET DEPLOYED SOLUTION Millions of miles driven AVAILABLE TODAY Shipping units and generating revenue as of Q4’21 1. HYBRID SYSTEM POWERS ELECTRIC AXLE LOWER EMISSIONS Aims to reduce fuel consumption and idling with on-board electric APU ATTAINABLE ELECTRIFICATIO
Slide 9: Hyliion Hypertruck ERX
Hyliion Hypertruck ERXTM Future potential OPERATIONAL COST1 Offers a reduced cost of < DIESEL operation vs. diesel Refuse Up To RANGE2,3 Long haul and BEV capable 1000 75 Total Miles EV Miles 1. RNG FUELS 2. GENERATOR GENERATOR CHARGES BATTERIES Drayage DRIVER EXPERIENCE Improved driving experience
Slide 10: Powertrain Roadmap to a Hydrogen Future
Powertrain Roadmap to a Hydrogen Future ™ Hypertruck ™ ™ CNG/RNG GENERATOR FUEL AGNOSTIC HYDROGEN FUEL CELL + Net-negative emissions capable + Proprietary generator design + Zero tailpipe emissions + Zero-emissions EV drive capable + Improved efficiency1 + Hydrogen only solution + Leverages existing
Slide 11: Fleet Purchasing Comparison
Fleet Purchasing Comparison
Slide 12: Problems fleets are facing
Problems fleets are facing Each fleet makes their buying decisions based on weighting of these issues $ C02 Cost Infrastructure Emissions + Upfront cost + Ability to fuel + Environmental impact + Operating costs + Uptime of assets + Gov’t restrictions 12
Slide 13: Trip Comparison
Trip Comparison Port of Los Angeles to Dallas/Ft. Worth represents a real-world line haul route Approximately 1,500 miles TM Hypertruck ERX benefits: Existing natural gas fueling stations Port of LA Existing electric charging stations + Strongest emissions profile Existing hydrogen fueling stations
Slide 14: Fuel Cost
Fuel Cost $5.49 $10.71 $4.50 $1.00 / Gallon1 / dge2 /DGE3 /DGE4 Fleets can establish long-term purchasing contracts with natural gas fuel providers/partners for approximately $1/diesel gallon equivalent (DGE). This compares to normally listed $2-$3 retail pricing. 1U.S Energy Information Administrat
Slide 15: Carbon Negative: Fuel Type Emissions Comparison
Fuel Type Emissions Renewable Natural Gas (RNG) is the result of a process of capturing comparison methane pollution to utilize it as a fuel source, natural gas. + RNG is methane that comes from landfills, dairy farms, wastewater, etc… FUEL CARBON INTENSITY SCORES1 that would normally be emitted as
Slide 16: Heavy Duty Infrastructure
Heavy Duty Infrastructure R/CNG STATIONS BY STATE1 infrastructure Natural Gas Natural Gas (Fracking) ⚫ ⚫ ⚫ ⚫ ⚫⚫ ⚫⚫ ⚫ ⚫⚫ Bio waste digested RNG injected into Stations Nat Gas used for ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫ ⚫⚫ ⚫ ⚫⚫⚫⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫ ⚫ ⚫⚫ ⚫ ⚫ ⚫⚫ ⚫ ⚫ ⚫⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫ ⚫⚫ ⚫ ⚫⚫ ⚫ ⚫ ⚫ ⚫ ⚫ ⚫⚫ ⚫
Slide 17: KARNO Generator
@HYLIION KARNO™ GENERATOR
Slide 18: KARNO Advantage
KarnoTM Advantage1 The KARNO generator uses heat to drive a sealed linear generator to produce electricity. The heat is produced by reacting fuels through flameless oxidation. Hyliion is acquiring the technology from GE. It emerged out of GE’s long- running R&D investments in metal additive manufact
Slide 19: Fuel agnostic and reduced emissions
Fuel agnostic and reduced emissions HYDROGEN Natural gas Conventional fuel Alternative fuel Gaseous Hydrogen Renewable natural gas Diesel Propane Liquid Hydrogen Compressed natural gas Gasoline Ammonia Liquified natural gas Kerosene Dimethyl Ether Jet Fuel (JP8) + others Emissions Standards Hydrogen
Slide 20: Superior Efficiency
Superior Efficiency Expected Additional benefits Hydrogen Powertrain Efficiency Comparison + Generator is designed to be modular and (at average power)1,2 70% adaptable to a product’s power needs 59% 20% + Low noise, vibration, harshness (NVH) making for 60% an overall improvement in driver experien
Slide 21: Adjacent product opportunities
Adjacent product opportunities Electricity Cost per kWh1 $0.14 TM $0.12 $0.12 $0.10 $0.08 $/kWh $0.07 $0.06 $0.04 $0.02 $0.00 The KARNO generator can produce electricity to TM TM Average Grid Cost KARNO enable charging for other electric vehicles 21 1Source: www.eia.gov/electricity/monthly - May 202
Slide 22: Why Hyliion?
@HYLIION WHY HYLIION?
Slide 23: Business Model & path to market
Business Model & path to market Asset Light Business Model + Hyliion capital focused on powertrain system integration, testing and Karno generator development + Leveraging existing truck OEM vehicles + Leveraging suppliers to build and deliver subsystems at volume Path to Market Start of Production
Slide 24: Hypertruck ERX Orders
TM Hypertruck ERX Orders Hypertruck ERXTM orders continue to grow as fleets participate in Ride & Drive events Dali Transportation 200 for the initial production ORDERS slots, backed by deposits ~2,000 with preferred allocation of build RESERVATIONS slots once converted to an order 24
Slide 25: Regulatory Update
Regulatory Update Who it Hypertruck ERX Initiative Impacts Status CARB’s ACT OEM Mandate 75% of a ZEV credit Fleet CARB’s ACF 100% of a ZEV credit1 Mandate Tax credit of 30% of Inflation Fleet vehicle cost, Reduction Act Incentive cap of $40k Hyliion expects to achieve certification for each of thes
Slide 26: Hyliion Leadership Team
Hyliion Leadership Team Executive Team Thomas Healy Dennis Gallagher Jon Panzer Cheri Lantz Jose Oxholm Founder Chief Operating Officer Chief Financial Officer Chief Strategy Officer General Counsel & Chief Executive Officer Chief Compliance Officer Director BOARD OF DIRECTORS Ed Olkkola Rob Knight
Slide 27: Milestones and Financials
@HYLIION MILESTONES AND FINANCIALS
Slide 28: Hypertruck ERX upcoming milestones
Hypertruck ERXTM upcoming milestones PHASE TIMING MILESTONES STATUS • Build initial showcase units for fleet Ride and Drive Events Product 2H21 showcases • Kick-off Hypertruck ERX Ride and Drive Events and execute December Hypertruck Innovation Council events • Complete first of the verification veh
Slide 29: Key financial results and 2022 outlook
Key financial results and 2022 outlook Highlights • Recorded $0.2M in revenue in Q2 TM • $500 million available to fund current commercialization plans for Hybrid and Hypertruck ERX powertrains • Operating expenses totaled $32.2 million for Q2’22 Full-Year 2022 Guidance • Reiterating revenue of $2M
Slide 30: The Advantage
THE ADVANTAGE The Company The Product $ Robust capital position Low operating cost Asset light Electric net negative C02 emissions capable business model solution Strong market Leverages existing fueling demand infrastructure
Slide 31: Thank you
THANK YOU @HYLIION
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