Ses Ai Corporation · NYSE:SES
Ses Ai — Investor Presentation (August 2022)
21 slides from Ses Ai's investor presentation, August 2022
Slide 1: 10 Years of Li-Metal Batteries: Technology, Supply Chain, and New Business Model
1 10 YEARS OF LI-METAL BATTERIES Technology, Supply Chain, and New Business Model INVESTOR PRESENTATION
Slide 2: Disclaimer
2 DISCLAIMER INDUSTRY AND MARKET DATA Although all information and opinions expressed in this Presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, SES has not independently verified the information a
Slide 3: SES Investment Highlights
3 SES INVESTMENT HIGHLIGHTS Li-Metal Batteries with Leading Energy Density and Comprehensive Supply Chain Partners Manufacturing Approach Takes Advantage of Cost-effective Conventional Industry Processes A-Sample Joint Development Agreements in Place with General Motors, Hyundai, and Honda Collectin
Slide 4: History of Batteries
4 HISTORY OF BATTERIES 500 Li-Metal 2021s 450 400 Winning Technologies Li-ion 2010s Are Significantly Lighter (Si-C) 350 Smaller and Lighter 300 Li-ion 1990s Than Their Precedents. (C) Wh/kg 250 200 NiMh 1980s The future is not solid. 150 It will be Li-Metal. 100 NiCd 1890s 50 Lead Acid 1850s 0 0 20
Slide 5: SES Li-Metal Batteries Are Denser, Cheaper, Lighter, Safer, Faster, Smarter
5 SES LI-METAL BATTERIES ARE DENSER CHEAPER LIGHTER Projected 400 Designed to be Ultra-thin Wh/kg and 1,000 manufacturable at Li-Metal anode Wh/L, leading to scale using reduces battery significantly longer existing weight and driving range infrastructure and production cost processes SAFER FASTER S
Slide 6: Backed by Strategic Investors & Operators
6 BACKED BY STRATEGIC INVESTORS & OPERATORS 6 6
Slide 7: Our Team
7 OUR TEAM DR. QICHAO HU ROHIT MAKHARIA JING NEALIS DR. HONG GAN YONGKYU SON Founder, Chairman & CEO President Chief Financial Officer Chief Science Officer Chief Technology Officer Chief Operating Officer • Forbes 30 Under 30 • 19 years with General • 18 years of finance • 25 years of battery R&D •
Slide 8: Our Footprint
8 OUR FOOTPRINT Boston HQ + Shanghai Giga + Korea Positions SES to Realize Scale in Multiple High-Growth Markets BOSTON HQ SHANGHAI GIGA • Chemistry, materials, • Manufacturing process algorithm R&D development • Finance • Cell, module, BMS R&D • Headquarters • Pilot plant • OEM JDA collaboration Ko
Slide 9: SES vs Other Approaches
9 SES VS OTHER APPROACHES Conventional Li-ion All-Solid-State Li-Metal SES Li-Metal Anode Solid-State Separator Separator Never Demonstrated at Scale Solid-State Cathode Cathode Never Demonstrated at Scale Energy Density ✓ Energy Density ✓ Energy Density ✓ Manufacturability Manufacturability ✓ Manuf
Slide 10: SES Li-Metal Battery Technology
10 SES LI-METAL BATTERY TECHNOLOGY Wide Format Li-Metal Anode • Ultra-thin Li-Metal anode manufactured through a proprietary process Composite Anode Coating • Mechanical barrier to enhance safety Polymer-Based Separator • Highly manufacturable state-of-the-art separator Solvent-in-Salt Liquid Electr
Slide 11: Innovative and Proprietary Electrolyte Composition
11 INNOVATIVE AND PROPRIETARY ELECTROLYTE COMPOSITION SES electrolyte uses a high concentration solvent-in-salt approach. A conventional Low Concentration High Concentration Most solvent molecules are Solvent almost fully coordinated liquid electrolyte is low concentration, uncoordinated No free sol
Slide 12: Mossy Lithium Not Dendrites
12 MOSSY LITHIUM NOT DENDRITES Anode Separator Cathode 12
Slide 13: Our Demonstrated Performance
13 OUR DEMONSTRATED PERFORMANCE 3RD PARTY VALIDATED? Energy Measured (4 Ah): 370 Wh/kg, 700 Wh/L ✓ Density Projected (100 Ah A-sample): >400 Wh/kg, >1,000 Wh/L --- Cost Manufactur- ability Demonstrated multi-layer cells can be built using Li-ion-like assembly process ✓ Up to approximately 800 cycles
Slide 14: Li-Metal Makes Nickel Free Chemistries Competitive
14 LI-METAL MAKES NICKEL FREE CHEMISTRIES COMPETITIVE 14
Slide 15: A-Sample JDA with 3 World-Leading OEMs
15 A-SAMPLE JDA WITH 3 WORLD-LEADING OEMS • $50MM+ JDA (March 2021) • JDA (May 2021) • JDA (January 2022) • $60MM equity investment (since 2015) • $50MM equity investment (May 2021) • Largest single investor in PIPE financing -- $75 million • Joint pre-production facility (going • $50MM PIPE commitm
Slide 16: Battery World 2021 – Apollo Introduced
16 BATTERY WORLD 2021 – APOLLO TM INTRODUCED a 107 Ah Li-Metal battery that is the largest in the world and a breakthrough for the automotive industry 107Ah 0.982 kg 417 Wh/kg 935 Wh/L 16 16
Slide 17: Development of an OEM-Ready Battery
17 DEVELOPMENT OF AN OEM-READY BATTERY 17
Slide 18: SES Shanghai Giga
18 SES SHANGHAI GIGA Phase I • Completion: March 2022 • Capacity: 0.2GWh • Production: A-sample prototypes Anode Cutting Zig-Zag Stacking (from 50Ah to >100Ah) Phase 2 Tab Welding Jelly Roll Insert • Expected Completion: 2023 • Size: 300,000 Square Feet • Capacity: 1GWh Electrolyte Filling Dry room
Slide 19: Platforms for Battery Development - Avatar
19 PLATFORMS FOR BATTERY DEVELOPMENT - AVATAR AVATAR – Mine-to-Men AI Software • From mine to manufacturing to in- vehicle use and recycling • Integral to monitoring battery health & end of life use • Data will support new Battery as a Service (BaaS) models 19
Slide 20: Milestones & 2022 Financial Guidance
20 MILESTONES & 2022 FINANCIAL GUIDANCE • Targeted Milestones by mid-2023 • Deliver and optimize A-samples for our 3 JDA Partners • Begin to transition from A-samples to B-samples • Continue to establish supply chains for key materials • 2022 Financial Guidance • Capital expenditures in the range of
Slide 21: Li-Metal Batteries
©SES Li-Metal Batteries