Advent Technologies Holdings, Inc. · OTC:ADNH
Advent Technologies — Investor Presentation (May 2023)
26 slides from Advent Technologies's investor presentation, May 5, 2023
Slide 1: Innovative Fuel Cells & Electrolyzers
Innovative Fuel Cells & Electrolyzers Investor Presentation, May 5, 2023
Slide 2: Disclaimer
The information, opinions, estimates, projections, forecasts, targets, or prospects contained in this presentation are provided as at the date of this presentation and are subject to change without notice . This presentation contains financial information prepared in accordance with U . S . generall
Slide 3: Forward-looking statements
3 This presentation contains “forward - looking statements” within the meaning of applicable securities laws, including statements with respect to Advent’s strategies, future opportunities and growth prospects, Advent’s financial statements, as well as other information and statements that are not h
Slide 4: Advent Technologies Holdings - Overview
4 COMMERCIAL HT - PEM FUEL CELL TECHNOLOGY • Differentiating IP for High - Temperature Proton Exchange Membrane (HT - PEM) fuel cells . We manufacture innovative fuel cell components and systems . • Our key markets are stationary (e.g., telecom towers, backup power), mobile (automotive, marine) and
Slide 5: Milestones
Milestones 5 Advent listed on NASDAQ, raising $158 million UltraCell (U.S.) acquisition SerEnergy A/S (Denmark) and fischer eco solutions GmbH (Germany) acquisitions New R&D/manufacturing facility opens in Hood Park, Boston MoU with BASF to secure supply chain for large scale projects Launch of next
Slide 6: Global locations and facilities
6 Advent Technologies A/S Denmark Advent Technologies Holdings Inc. Boston, MA USA • Development and assembly of Advent’s 5kW - 15kW stacks. Advent Technologies GmbH Germany Advent Green Energy Philippines Inc. Philippines • APAC service center for the telecom market • Sales, service and site prepar
Slide 7: Our People
Chris Kaskavelis CMO Our People 7 Vasilis Gregoriou* Chairman & CEO Emory De Castro* CTO Jim Coffey General Counsel & COO Kevin Brackman CFO Naiem Hussain CIO Daniel Hennig SVP, Advent Technologies GmbH Nora Gourdoupi * SVP, Corporate Business Development Preben Rasmussen VP, Advent Technologies A/S
Slide 8: Hydrogen Can Solve 1/3 of Global CO2 Emissions Problem
Hydrogen Can Solve 1/3 of Global CO₂ Emissions Problem 8 2030: 100s of GWs of Electrolyzers 10s of GWs of Fuel Cells For 1.5 o C IPCC Paris Mandate 2050: TWs of Electrolyzers 100s of GWs of Fuel Cells For Net Zero Transition 8 Buildings Power Generation Industry Mobility Gt of CO₂ Emissions Off - Gr
Slide 9: Business Model
Business Model 9 9 Distribution Characteristics • In - house captive supply for stack manufacture • Direct sales of MEAs to third parties • JDA with Tier 1/OEM for discrete applications (e.g., automotive) • Unique IP • Low capex • High production volume • In - house production MEA (membrane electrod
Slide 10: Key Markets
10 Stationary Power Key Markets x Diesel Generator replacement Automotive Electrolyzers x Green Hydrogen Production Marine x Methanol Fuel Cells to decarbonize Shipping x Total Cost of Ownership reduction with Advent Fuel Cells 10
Slide 11: Stationary Power: fuel cell systems replace diesel generators
Stationary Power Advent’s fuel cell systems replace diesel generators 11 Green Low - Cost Proven Resilient Configurable 11
Slide 12: Stationary Power Generation Products
Stationary Power Generation Products 12 Unit Systems Fuel Mix & Accessories Platforms Other Services SereneU SereneU HV High Voltage Unit SereneS The System 5kW - 15kW Advent Academy Support & Service Spare Parts & Accessories Fuel Mix Service Management System Remote Monitoring SereneC The Containe
Slide 13: Stationary Power: Existing Worldwide Deployments
Power Generation Critical infrastructure Backup Power Telecom Backup Power Stationary Power: Existing Worldwide Deployments 13 Globe Telecom 5G upgrades – Philippines • 10kW systems on rooftop sites in rural and urban areas • Proved resilient against natural disasters • Off - Grid, Bad - Grid • 24/7
Slide 14: Marine: Auxiliary & Propulsion
Marine: Auxiliary & Propulsion 14 Alfa Laval Advent and Alfa Laval are teaming up with Danish shipowners to explore the use of Advent's methanol - powered HT - PEM fuel cells as a source of marine auxiliary power. The project, funded by the Danish EUDP, will also focus on integrating Advent's Ion Pa
Slide 15: Automotive: Heavy-Duty Trucks
Automotive: Heavy - Duty Trucks 15 Hyundai JDA Advent and Hyundai Motor Company have signed a JDA after a positive tech assessment, aiming to advance HMC - Advent Ion Pair ΠMEA, set MEA supply standards, and evaluate Advent's technology for Hyundai's heavy - duty and/or stationary applications. Tec
Slide 16: Portable Power
Portable Power 16 16 • Tested by the US Army. • Near silent generation of up to 50W of continuous power with clean emissions. • More than 70% weight reduction compared to batteries. • Can use windshield washer fluid as fuel. • Can easily power radio and satellite communications gear, remote fixed an
Slide 17: Advent Principles for Technology Adoption
Advent Principles for Technology Adoption 17 Innovate, License & Partner with Tier1s/OEMs for global adoption. Optimize business model for high - margin, low - capex growth. Retain core IP. Multifuel Strategy: HT - PEM FC technology allows for efficient use of eFuels (with off - grid and marine bein
Slide 18: Multifuel advantages and lowest TCO
18 ELECTRICITY Where infrastructure for refueling & local production is available. HYDROGEN eMethanol : Liquid 100% green H2 carrier Methanol/Biomethanol : Interim, low - cost option for off - grid & marine . eFuels/METHANOL Marine Stationary, Portable Off - Grid Power Heavy - Duty Automotive Aviati
Slide 19: Advent's AEM Electrolyzer Technology
Advent’s AEM Electrolyzer Technology 19 H2 SOLAR WIND 19 Ammonia Hydrogen Pipelines eMethanol eDiesel eKerosene Pt Ir
Slide 20: Advent Develops AEM Electrolyzers to Lower the Cost of Green Hydrogen Production
Advent Develops AEM Electrolyzers to Lower the Cost of Green Hydrogen Production 20 20 Low OPEX: • Advent’s MEA achieves 90% voltage efficiency (key to achieving hydrogen at $1/kg) • At the MEA level, Advent has exceeded the U.S. DoE target of under 45 kWh/kg H2 Low CAPEX: • No Platinum, Iridium, or
Slide 21: Financials - Summary
21 Financials - Summary 21 • Revenue Target of approximately $ 60 Million in 2026 from Current Business and Product Portfolio . • Targeting Cash Flow Positive in 2026 . • Potential requirement of approximately $ 40 Million of capital in aggregate by 2026 to reach a Cash Flow positive state , mainly
Slide 22: Markets: We are Expanding to Electrolyzers with IPCEI Support
Markets: We are Expanding to Electrolyzers with IPCEI Support Advent Green HiPo 22
Slide 23: Green HiPo
Green HiPo 23 • Advent’s Green HiPo is a key IPCEI Hydrogen Technology Project • IPCEIs aim to achieve economic growth, technological and energy autonomy in the EU • Total funding of 782.1m € • Duration 2022 - 2027 (with ability to recapture certain expenses back to January 2021) • Under IPCEI Hy2Te
Slide 24: Western Macedonia State-of-the-Art Advent Facility
Western Macedonia State - of - the - Art Advent Facility 24 • Approximately 650 new jobs over the next 6 years. • B eacon of attraction for scientists and specialized professionals from local universities. • Green HiPo aims to establish Western Macedonia as a strategic hub for the European hydrogen
Slide 25: Our Technology is our Power
Our Technology is our Power • Pragmatic approach to reduce Total Cost of Ownership for Fuel Cells and Electrolyzers . • World - class electrochemistry & engineering teams with state - of - the - art facilities in Boston , backed by government funding (with planned IPCEI scale - up program) . • Stron
Slide 26: Thank you.
26 Thank you.
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