Evolution Metals & Technologies Corp. · NASDAQ:EMAT
Evolution Metals & Technologies — Welsbach Technology Metals Acquisition — SPAC Merger (December 2022)
33 slides from Evolution Metals & Technologies's SPAC merger presentation, Dec 12, 2022
Slide 1: Disrupting a World Powered by Batteries
1 Disrupting a World Powered by Batteries November 2022
Slide 2: Important notice
· This presentation (the “presentation”) has been jointly prepared by WaveTech Group, Inc. (the “Company” or “WaveTech”) and Welsbach Technology Metals Acquisition Corp (“WTMA”) is being delivered for informational and discussion purposes only. By accepting this presentation, each recipient agrees:
Slide 3: Forward Looking Statements
Forward Looking Statements · Certain statements made in this presentation are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such “forward - looking statements” with respect to the Transaction bet
Slide 4: Core Technology at a Glance
Core T echnology at a Glance / Technology Higher voltage stability 1 Improved mechanical stability, tolerance to vibrations, and protection against deep discharge and undercharge 1 Affects entire life cycle of the battery, from production, through use, to 2nd life 1 The CCT ® technology, is in princ
Slide 5: Sustainable Economic and Environmental Results
/ Benefits Sustainable Economic and Environmental Results 30% Less Energy Consumption 1 50% Less Battery Replacements 1 67% Reduction in CO 2 Emissions 1 75% Less Maintenance Visits 1 Predictive Maintenance 50% Less Generator Fuel Cost 1 5 1 All percentages are approximate based upon WaveTech intern
Slide 6: Today's Addressable Energy Storage Market by Segment
/ Applications T od a y’s Addressable Energy Storage Market by Segment 6 Priority 1 Priority 2 Enhancement to the existing globally installed capacity of Lead Acid Batteries in various energy storage segments, resulting in significant increase of performance, capacity and lifespan. BATTERY MANUFACTU
Slide 7: Global Battery Market Size
/ Markets Global Battery Market Size As a result of growing applications in uninterrupted power supply (UPS), energy storage, telecommunications, transport vehicles, and other electric utilities, the lead acid battery market had the second largest share in 2021, ~38.3%. These batteries are used in v
Slide 8: The Drive for Growth in Global Energy Storage
Cumulative 358 GW By end of 2030. 1 More than 20x Larger than the 17 GW at the end of 2020. 1 The Drive for Growth in Global Energy Storage / Markets “U.S. energy storage market could grow to as much as $426 bn over the next decade.” “Energy storage capacity in developed countries is expected to gro
Slide 9: Current Solution to Increasing Storage Capacity
/ Markets Current Solution to Increasing Storage Capacity Massive increase in supply of Lithium - Ion battery materials and manufacturing In the upstream, midstream, and downstream — delivering higher energy density at lower weight vs. Lead Acid Battery — ideal for EV’s. Innovation in Lithium - Ion
Slide 10: WaveTech Solution to Increasing Storage Capacity
/ Solution W a v e T ech Solution to Increasing Storage Capacity Shortage of Lithium to meet increasing demand drives market demand for Lead Acid Batteries. BENEFITS TO WAVETECH SOLUTION 1 Massive push for new technology causes market to turn away from already installed energy storage capacity. In e
Slide 11: Technology Portfolio at a Glance
/ Technology T echnology Portfolio at a Glance Crystal Control Technology ® Battery Monitoring Technology Streamlines battery operation. Remote, real - time battery monitoring. Predictive capabilities. Can be deployed with or without BEAT ® device. — Available Battery Formation Technology Reduced fo
Slide 12: WaveTech Presence / Locations
W a v e T ech Presence / Locations 12 Norway — Officer’s location Germany — Production & Testing Germany — Operational Headquarters USA — Development & Testing USA — Cabling & Services Subsidiary Turkey — Sales Office Bulgaria — R&D Facility 52 Employees 14 5 Nationalities Countries USA — WaveTech G
Slide 13: WaveTech Company Highlights
13 / Company W a v e T ech Highlights Limited Competition WaveTech believes the company has little to no competition in the Lead Acid Performance Enhancement Space. Upgrade Existing Systems Scalable technologies that can be retrofitted on to existing Energy Storage Systems. Battery Technology Chemis
Slide 14: Technology Validation
14 / Validation T echnology Validation WaveTech have invested over 38 mm USD over more than a decade to develop, protect, and commercialize WaveTech’s Crystal Control Technology ® and BEAT ® Technology . The technology has been validated by In - Field Testing, Client Commercial Use and is protected
Slide 15: WaveTech Current Services
/ Services W a v e T ech Current Services 1. Critical Power Systems Solutions offered include: - - - - - Power generation (grid, solar, wind, generator) Energy storage (battery, fuel) Power conversion (ac/dc, dc/dc, dc/ac) Power distribution (load center, load shedding) Environmental controls (HVAC,
Slide 16: WaveTech's Current Available Products: CCT BEAT Device
CCT ® BEAT ® 25 Device / WaveTech’s Current Available Products Inside the battery, the growth of fine crystals and more homogeneous active materials (porous lead dioxide and spongy lead) on the positive plate results in a more homogeneous distribution of the reaction spots in the battery plates. Our
Slide 17: Battery Monitoring System
WaveTech’s active battery monitoring system streamlines battery operation. It provides active and real - time visibility into the true battery and operating conditions. — Available / WaveTech’s Current Available Products Battery Monitoring System Software Analytics for preventative maintenance — dev
Slide 18: CCT for Lithium-Ion Battery Platform
/ CCT ® for Lithium CCT ® for Lithium - Ion Battery Platform 18 Overview - CCT ® has been determined to benefit the performance of lithium - ion batteries. - Initial optimization work focuses on LFP lithium - ion batteries. - CCT ® and the patents describe a method on how to increase cycle life and
Slide 19: WaveTech Customer Pipeline & Partnerships
19 / Validation W a v e T ech Customer Pipeline & Partnerships WaveTech MOU A WaveTech MOU is a substantial agreement: typically takes 4 - 6 months to draft, negotiate and agree, and is usually 10 pages or longer with detailed steps from scoping to testing to contract. Executing the MOU requires sub
Slide 20: WaveTech Customer Pipeline & Partnerships
20 / Validation W a v e T ech Customer Pipeline & Partnerships Company names redacted Complete energy - efficient solutions provider Company is complete telecom infrastructure solutions provider across Middle East, Africa, and Southeast Asia Status : MOU signed, testing in final stage. Currently in
Slide 21: WaveTech Value Proposition to Telco Customers
21 W a v e T ech Value Proposition to T elco Customers / Value Proposition SAVINGS EXAMPLE 1 12,000 Sites Entire Network with one potential customer within Telecommunications sector Total Avg. Annual Savings $ 1,725 Per site $ 20.7mm Total $ 124.2mm 6 Year contract period Today’s Situation w/o WaveT
Slide 22: BEAT Device Short-Term Strategy
22 / BEAT ® Device Short - Term Strategy Manufacturing Ramp Up Strategy CURRENT In - House Production Capacity 3,500 — 4,000 BEAT ® devices per month FUTURE Current Inventory Approx. 10,000 BEAT ® Devices Manufacturing BEAT ® devices is not capital intensive Increase In - House Production Capacity t
Slide 23: Subscription Revenue Model Based on Proven Savings
23 Recurring Monthly Revenue from long term contracts Subscription Price based on calculated savings potential From Day 1 WaveTech’s solutions will generate monetary savings for the customer / Business Model Subscription Revenue Model Based on Proven Savings Installation is free of charge. BENEFITS
Slide 24: WaveTech Financial Overview
/ Financials W a v e T ech Financial Overview 24 All figures in USD mn 2020 2021 6M — 2021 6M — 2022 Revenue 3.1 8.4 4.9 5.2 Gross Profit 1.1 4.1 1.7 1.8 Loss from Operations - 4.1 - 4.6 - 1.6 - 2.7 EBITDA (1) - 23.6 (5) - 5.5 - 3.7 - 5.4 (+) R&D Expense 0.4 1.9 0.1 0.5 EBITDARD (2) - 23.2 (5) - 3.6
Slide 25: Earnout Program
Earnout Program Effective at Closing of the Business Combination / Share Program Deadline Number of Shares Value of Shares Milestone End 2023 3,750,000 37.5mm USD (A) Revenue: 23.7mm USD and EBITDARD 4 : (350,000) USD OR (B) Share Price 5 12.50 USD (A) Revenue: 54.8mm USD and EBITDARD 4 : 16.9mm USD
Slide 26: WaveTech Leadership Team at Closing
/ Management W a v e T ech Leadership T eam at Closing 26 Dag A. Valand Chief Executive Officer & Board Chairman, Founder 25 years international experience in the battery industry. Established, grew, and successfully sold his family business (49% ownership ). Aasmund Erlandsen Chief Operating Office
Slide 27: WaveTech Board at Closing of Business Combination
/ Board of Directors W a v e T ech Board at Closing of Business Combination 27 Brynjar N. Meling Board Member, Co - Founder One of three WaveTech Founders, having served on the board since inception in 2003. An experienced lawyer with more than 25 years of experience. He previously established his l
Slide 28: Thank You! Additional Sources
28 Join us in Advancing the Next Wave in Energy Storage! Thank You! Additional Sources: 1A Argonne National Laboratory — https://greet.es.anl.gov/publication - batteries_lca 1B Battery Council International — https://aboutbatteries.batterycouncil.org/Are - lead - batteries - safe 1C CleanTechnica —
Slide 29: Additional Information
Additional Information \\) 29
Slide 30: Company Milestones
30 2012 First U.S. patent approved 2017 Product field testing 2018 Start of Lithium - Ion studies 2019 R&D Departments in U.S. and Bulgaria are expanded 2022 Strategic Partnerships secured 2021 Annual Revenue of 10mm USD Positive results in Lithium Validation Program Filing of two new patents; cover
Slide 31: Sources and Uses of Funds for the Business Combination
/ Sources and Uses of Funds for the Business Combination 31 Proceeds from trust account — Cash to New WaveTech Balance Sheet 25.9 Proceeds from Convertible Notes* 5.0 Estimated Total Fees and Expenses* 10.3 Sources ($mm) Uses ($mm) Sources ($mm) Uses ($mm) New WaveTech Common Stock issued to existin
Slide 32: Pro-forma Shareholding Structure
/ Pro - forma Shareholding Structure 32 Ownership of New WaveTech ater the Business Combination (1) Includes the issuance of 772,769 shares of New WaveTech Common Stock pursuant to the public rights. (2) Includes the issuance of 35,205 shares of New WaveTech Common Stock pursuant to the private plac
Slide 33: WaveTech Financial Overview - Reconciliation
/ Financials W a v e T ech Financial Overview - Reconciliation 33 All figures in USD 2020 2021 6M — 2021 6M — 2022 Revenue 3,129,713 8,372,835 4,905,901 5,169,765 Gross Profit 1,122,294 4,067,558 1,714,475 1,803,218 Loss from Operations - 4,107,307 - 4,573,888 - 1,550,932 - 2,651,798 Loss before Tax
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