17 slides from Ocean Power Technologies's proxy contest presentation, Dec 7, 2023
Slide 1: Investor Presentation December 2023
OPT @4 Investor Presentation December 2023
Slide 2: OPT Quick Facts
OPT QUICK FACTS OPT is OCEAN INTELLIGENCE: + Providing a wide range of ocean data + Responding to marine hazards and weather + Managing marine ecosystems + Mammal Tracking + Illegal Fishing (West Africa and Mediterranean) + Maritime safety and security — border monitoring/bad actors Organization: 70
Slide 3: OPT Products & Services
OPT PRODUCTS & SERVICES PowerBuoy® MDAS and Ocean Intelligence + Capture energy generated by waves + Hydrographic surveys + Store that energy in batteries + Maritime Domain Awareness + Use that energy to power payloads + Mammal Tracking + Long deployments + Subsea Acoustic Monitoring + Persistent po
Slide 4: Business Model and Data and Monitoring Areas
BUSINESS MODEL AND DATA AND MONITORING AREAS Security + Maritime Domain ‘Awareness + Intelligence, ‘Surveillance, and Reconnaissance + Explosive Ordinance Disposal + legal Fishing + Contractor Owned Contactor Operated (Coco) Daas (buoys and vehicles) + Well Monitoring + Hydrographic Survey + Metocea
Slide 5: Why Now?
WHY NOW? OPT’s Exciting Recent Evolution Significant activity for our target range of industries -_ — + Defense & Security ~ expand the use of autonomous technologies + Offshore Oil & Gas — expand power capabilities and assist in monitoring wells Non-Grid { + Science & Research — wants more accurate
Slide 6: Revenue Growth in Process
REVENUE GROWTH IN PROCESS Revenues (in 000's) samo si2000 Revenue Growth Delivered By New Management Team $1,000 $1,000 $2000 $8000 $7000 000 $5000 $4000 $3000 ve i | $1000 ] s. root 303 aot 1022 2022 1023 2023 3003 4023 sa2a Wrovenues sso 3170, SLO. S220 S240 sao $030——$7340 S810 $1,2720
Slide 7: Optimized headcount reduces quarterly spend
+ Optimized headcount reduces quarterly spend + Focus on Delivery + Positive cashflow (excluding extraordinary expenses) in FY26 (Calendar 2025) — 6 quarters from today using current cash available Delivery Focused Organization Pipeline By Product ($M) Pipeline By Phase ($M) ea Discovery Scoring Ea
Slide 8: Our Value Proposition
OUR VALUE PROPOSITION Decreases/eliminates costs for customers + PowerBuoy® and WAM-V® reduce reliance on costly crewed vessel operations Improves safety and decreases risk for customers + Allows remote operations from shore, removing personnel from ocean operations Speeds decision-making for custom
Slide 9: Dr. Philipp Stratmann, EngD
Dr. Philipp Stratmann, EngD President & Chief Executive Officer December 2019 CEO since June 2021 Robert Powers, CPA, MBA Senior Vice President & Chief Financial Officer December 2021 Matthew Burdyny Chief Commercial Officer March 2022
Slide 10: Bookings Forecast
Bookings Forecast Clear Strategy - First mover advantage on DaaS (Data-as-a- Service) and PaaS (Power-as-a-Service) anagemen On path to profitable operations and free cash flow in 6 quarters Seasoned Management Team — with significant marine and defense experience that understands working with the g
Slide 11: September 7, 2023: NOAA IDIQ Award
* September 7, 2023: NOAA IDIQ Award * 3 separate contracts * Potentially multi million-dollar award, one of the largest in the company’s history, 3-year contract * Proven, reliable U.S. Government Contractor building on our success in defense and national security * We will provide uncrewed service
Slide 12: OPT @4
IN AI OPT @4 + Seasoned Management Team + Strong Balance Sheet ded Business Model and Strategy 60006 Defense & Security Offshore Oil & Gas ‘Science & Research Communications, Offshore Wind 12
Slide 13: 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. Such forward-looking statements include, but are not limited to, those statement
Slide 14: Pipeline
Pipeline Pipeline is not a term recognized under United States generally accepted accounting principles; however, it is a common measurement used in our industry. Our methodology for determining pipeline may not be comparable to the methodologies used by other companies. Pipeline is a representation
Slide 15: Important Additional Information and Where to Find It
IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT OPT has filed with the SEC a revised definitive proxy statement on Schedule 14A on December 4, 2023, including a form of WHITE proxy card, and other relevant documents with respect to its solicitation of proxies for the 2023 Annual Meeting. INVES
Slide 16: Certain Participant Information
CERTAIN PARTICIPANT INFORMATION OPT, its directors, executive officers, and other members of management and employees may be deemed to be participants in the solicitation of proxies with respect to a solicitation by OPT in connection with matters to be considered at the 2023 Annual Meeting. Informat
Slide 17: Thank You
OPT @ Thank You Investor Contact Bob Powers, SVP and CFO +1 609 730 0400 x239 RPowers@oceanpowertech.com