Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Investor Presentation (July 2020)
26 slides from Ocean Power Technologies's investor presentation, Jul 15, 2020
Slide 1: Making Waves in Power - Investor Presentation July 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements OCEAN POWER TECHNOLOGIES, 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 w
Slide 3: About Ocean Power Technologies
Ocean Power Technologies is an innovator of distributed offshore power solutions which About provide persistent, reliable, and economical power and a communications for remote surface and subsea applications. OPT Markets: Offshore Oil & Gas | Defense & Security| Science & Research | Communications
Slide 4: Quick Facts
Quick Facts * NASDAQ: OPTT * Market Cap: $12.2M* * TTM Revenue: $1.7M* * Cash, cash equivalents, & restricted cash : $10.9M* * Organization: 37 employees including extensive engineering capabilities * Intellectual Property: Proprietary technology with 66 patents and several patents pending * Headqua
Slide 5: Why Invest in OPT?
Why Invest in OPT? * OPT is the go-to solution provider for remote offshore power, surveillance, and communications * First-mover advantage with a strong intellectual property portfolio * Commercialized due to prior investments * Strengthening opportunity pipeline, focusing on multi- unit orders * N
Slide 6: Selected Experience
Selected Experience ii 4 George H. Kirby “om SAIC 7 President and Chief Executive Officer amsc Management Team Matthew T. Shafer . . Experienced & Chief Financial Officer and Treasurer. "vores EAE ..%..., Catalent Disciplined Jeff Wiener banca ded @® ens OCEAN POWER TECHNOLOGIES Philipp Strat ilipp
Slide 7: Company Milestones
OPT OCEAN POWER TECHNOLOGIES Company Milestones 4 New Product y | Introductions First Commercial Commercial Lease Sale Option Exercised First Commercial New Government Oil & Gas Orders, SBIR g First Commercial A Contract New Product: PB3 ener A PowerBuoy® - New Management ES & Strategy seven eas r)
Slide 8: Our Technology
Our Technology OCEAN POWER TECHNOLOGIES
Slide 9: Market Value Proposition
Market Value Proposition Cost Savings and Operational Flexibility OCEAN POWER TECHNOLOGIES. . Decreased cost * PowerBuoy® eliminates the need for power and communications from manned vessels Increased safety * Allows remote operations from shore, removing personnel from ocean operations Faster decis
Slide 10: Products & Services Available Today
g 5. a 2 ° s 2 i) Qa 3 a 3 3 fe = Products & Services $ g < ? & Available Today 3 a 5 £ a 3 2 ° = 3 5 a : A 3 5 & 3 g : * = OPT 8 3 ‘ ‘OCEAN POWER TECHNOLOGIES: te * Long Deployments + Shorter Deployments * Optical, Thermal, * Customization + Persistent Power * Low Wave Energy Radar Surveillance * P
Slide 11: PB3 PowerBuoy Overview
PB3 PowerBuoy® Overview Floating system generates power from ocean waves A submerged heave plate and spar remain motionless in ocean waves A float rides ocean waves, driving an electric generator Energy is stored in on-board lithium ion batteries which can then be used to support topside or subsea p
Slide 12: Hybrid PowerBuoy Overview
hybrid PowerBuoy® Overview Unlike wave power devices, this floating system penerates Power from solar panels, backed up by an efficient, clean burning, and silent Stirling engine Power can be used to support surface or subsea payloads Electricity and data transmitted to/from seabed through a power a
Slide 13: Products Under Development
Products ‘Under Development Subsea Battery Anchorless Integrated Solution PowerBuoy® Mooring & Umbilical OCEAN POWER TECHNOLOGIES * Seafloor Power Source * Mass-on-spring * Combined Power, * Low Maintenance Power Generation Data and Structural * Standalone Use or Technology Capability Externally Cha
Slide 14: Our Strategy
Our Strategy ‘OCEAN POWER TECHNOLOGIES 14
Slide 15: The Blue Economy: Our Total Addressable Market
The Blue Economy Our Total Addressable Market OCEAN POWER TECHNOLOGIES Communications + Wi-Fi and cellular + $0.5B market *Refer to Appendix for Market Supporting Information and Sources 15
Slide 16: The Blue Economy: Our Target Market Share by OPT Solution
The Blue Economy Our Target Market Share by OPT Solution OCEAN POWER TECHNOLOGIES $88M $164M Data & Monitoring & Connectivity Surveillance $100M Subsea Power Initially targeting <5% market share **Refer to Appendix for Market Supporting Information and Sources 16
Slide 17: Illegal, Unreported & Unregulated Fishing Prevention
* OPT’s remote, autonomous, low-to zero-carbon PowerBuoy® Surface Illegal, Surveillance Solution can be utilized to monitor illegal activities and enable Unreported & Unregulated IUU enforcement Fishing Prevention * Illegal, unreported, and unregulated fishing is a global problem that threatens ocea
Slide 18: Market Process
Market Process Base PowerBuoy® + Solution Engineering + Support Services + Sale or Lease * Packaged Options (Surveillance Payload) »* Marine Services * Customization * Remote Monitoring * Integration Services * Extended Service Agreements OPT OCEAN POWER TECHNOLOGIES 18
Slide 19: Sales Acceleration
Sales Acceleration OPT OCEAN POWER TECHNOLOGIES. Expanded commercial footprint New OPT solutions in 2020 Diversifying markets Streamlined processes and aggressive pricing Expanding sales pipeline Leveraging current projects to increase requests Increasing interest * Unmanned / autonomous solutions a
Slide 20: Financials
Financials OCEAN POWER TECHNOLOGIES 26
Slide 21: Financial Profile
‘OCEAN POWER TECHNOLOGIES: Financial Profile FY2020 FY2019 Revenue $1.7M $0.6M Net loss ($10.4M) —($12.2M) Balance Sheet (audited) Total shares outstanding (12) 12,935,169 Cash, cash equivalents, restricted cash!) $10,930 % owned by directors & officers (3! 1.0% Total assets'” $13,538 Warrants outst
Slide 22: Recap: Why Invest in Ocean Power Technologies?
Recap Why Invest in Ocean Power Technologies? OPT OCEAN POWER TECHNOLOGIES OPT is the go-to solution provider for remote offshore power, surveillance and communications First-mover advantage with a strong intellectual property portfolio Strengthening opportunity pipeline, focusing on multi-unit orde
Slide 23: Investor Contact
Investor Contact 609-730-0400 x402 InvestorRelations@oceanpowertech.com OCEAN POWER TECHNOLOGIES
Slide 24: Thank you!
OPT OCEAN POWER TECHNOLOGIES POWERBUOY® TAPPING INTO THE POWER OF THE OCEAN Thank you! 2a
Slide 25: Appendix: Market Supporting Information and Sources
Appendix Market Supporting Information and Sources ‘OCEAN POWER TECHNOLOGIES Total Addressable Market The National Oceanographic and Atmospheric Administration (“NOAA”) 2016 Ocean Enterprise Report. Oil & Gas U.S. Bureau of Safety and Environmental Enforcement Greater than 10,000 sites are currently
Slide 26: Market Sizing and Opportunities Sources
Market Sizing and Opportunities Sources * The Department of Energy, Office of Energy Efficiency & Renewable Energy 2019 Powering the Blue Economy Report * The National Oceanographic and Atmospheric Administration (“NOAA”) 2016 Ocean Enterprise Report + U.S. Bureau of Safety and Environmental Enforce
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