Stem, Inc. · NYSE:STEM
Stem — Star Peak Energy Transition — SPAC Merger (April 2021)
11 slides from Stem's SPAC merger presentation, Apr 13, 2021
Slide 1: IPO Edge Fireside Chat April 12, 2021
IPO Edge Fireside Chat April 12, 2021
Slide 2: Information Subject to Change
Information Subject to Change This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to the proposed business combination of Star Peak Energy Transition Corp. (“STPK”) and Stem, Inc. (“Stem” or the
Slide 3: Non-GAAP financial measures and use of projections
This presentation also includes references to financial measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles in the United States of America (“GAAP”). Any non-GAAP financial measures used in this presentation
Slide 4: Our Vision: Smart Storage is Key to Global Decarbonization
Our Vision: Smart Storage is Key to Global Decarbonization © 2021 Stem, Inc. 4 A revolutionized grid, with Stem, is the solution Grid Storage STEM Since 2019, 90% of new interconnection requests were renewables and/or storage, but renewable generation suffers from intermittency(1) Distributed, renew
Slide 5: Investment Highlights
Investment Highlights © 2021 Stem, Inc. 5 Stem is the first pure play smart energy storage company to go public in the US Large Addressable Market + Strong Macro Tailwinds Market Leader with Best in Class Technology Balance Sheet Positioned to Capitalize on Growth Highly Visible Growth ~$1.2 trillio
Slide 6: Hardware Deliveries Drive Strong Recurring Software Cash Flows
Hardware Deliveries Drive Strong Recurring Software Cash Flows © 2021 Stem, Inc. 6 Hardware + Network IntegrationSoftwareMarket Participation Total Deliveries (kWh) (x) Project Hardware ASP ($kWh) = Total Hardware Revenues ~10-30% Hardware Gross Margin Total AUM (kWh) (x) Software Subscription ($/kW
Slide 7: Global Commitment to Decarbonization
Global Commitment to Decarbonization FERC 841 / FERC 2222 © 2021 Stem, Inc. 7 With the world committed to decarbonization, Stem is well positioned to capture this tailwind. Paris Accord California mandates zero non-EV passenger vehicle sales by 2035 NY, MA, VA set multi-GW energy storage targets Jap
Slide 8: Clean Energy Technology Convergence: Disruption and Exponential Growth
Clean Energy Technology Convergence: Disruption and Exponential Growth © 2021 Stem, Inc.8 Renewables Lowest Cost Generation $ 400 Battery Hardware Rapid Cost Reductions $300 Storage Market 25x Growth Market Opportunity (2) 200 (1) 800 Levelized Cost of Energy ($/kW) $260 $280 $246 160 164 Cumulative
Slide 9: Stem is a Market Leader with Significant Scale and Visible Growth
Stem is a Market Leader with Significant Scale and Visible Growth © 2021 Stem, Inc. 9 Stem is a Leader in Deployments Worldwide(1) One of the Top Systems Integrators by Disclosed Commissioned Projects 2014-2020 Storage Capacity Commissioned (MWh) Hyundai Electric 1 Tesla, Inc. NEC Corp. Fluence Ener
Slide 10: Strong Balance Sheet Drives Rapid Expansion
Strong Balance Sheet Drives Rapid Expansion © 2021 Stem, Inc. Net Cash Available for Growth Balance Sheet Strength Supports credit requirements to convert large projects in pipeline Athena Expansion & Tech Acquisitions Product development to further extend Athena AI leadership position and accelerat
Slide 11: . • stein Energy Superintelligence™
. • stein Energy Superintelligence™
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