T1 Energy Inc. · NYSE:TE
T1 Energy — FREYR Battery — Q2 2024 Earnings Presentation
9 slides from T1 Energy's earnings presentation, Aug 9, 2024
Slide 1: Q2 2024 Earnings Call
Q2 2024 Earnings Call August 9, 2024
Slide 2: Important Notices
Important Notices Forward Looking Statements All statements, other than statements of present or historical facts included in this presentation, including, without limitation, FREYR Battery, Inc.’s (“FREYR”) ability to establish a profitable business; FREYR’s plan to extend its cash liquidity runway
Slide 3: Today’s Speakers and Topics
Today’s Speakers and Topics Daniel Barcelo, Board Chair • Message from FREYR’s Board of Directors • Summary of leadership appointments and AGM results • Alignment with FREYR’s investors as fellow shareholders committed to shareholder value Tom Einar Jensen, Co-founder and CEO • The opportunities and
Slide 4: FREYR’s Value Proposition to Investors
FREYR’s Value Proposition to Investors Untapped asset and real option value • Current equity discount to cash on balance sheet reflective of FREYR’s pre-commercial state and challenging financing climate • Focused on unlocking value by developing projects with real assets (Giga America, Giga Arctic,
Slide 5: FREYR 2.0
FREYR 2.0 Accelerating pathway to Revenue and EBITDA generation in 2025 in a highly dynamic environment Pursue Establish Long-Term Accelerate Prioritize Financial Opportunities Competitive Moat Conventional Discipline and Under FREYR 2.0 Based on next- Technology Strategy Balance Sheet Commercial ge
Slide 6: Batteries – The Core Enabler of the Energy Transition
Batteries – The Core Enabler of the Energy Transition FREYR is commercially focused on storage applications that are fundamental to power grid reliability Batteries are a renewable energy catalyst Batteries enable intermittent energy sources that are growing exponentially to be viable, dispatchable,
Slide 7: Optimizing our Balance Sheet
Optimizing our Balance Sheet Minimizing cash spending to preserve liquidity • 2024 YTD total cash uses of $54 million • Controlling costs to extend cash liquidity runway to 36 months or longer FREYR Q2 2024 Balance Sheet Summary ($ in millions) FREYR H1 2024 Cash Bridge ($ in millions) As of June 30
Slide 8: Summary of Key Messages
Summary of Key Messages Committed to building on FREYR’s strong competitive position to create sustainable shareholder value Accelerating path to market with conventional technology strategy • Executing plan to achieve first revenues and EBITDA as soon as 2025 • Pursuing multiple opportunities with
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