Gencell Ltd. · TASE:GNCL
Gencell — Investor Day (December 2022)
48 slides from Gencell's investor day presentation, Dec 13, 2022
Slide 1: Investors Conference
INVESTORS CONFERENCE December 13, 2022 From technology and product development to commercial deployment and profitable growth
Slide 2: Legal Disclaimer
Legal Disclaimer The information included in this presentation (the “Information”), and any other information which is conveyed by means of this presentation, is presented for convenience purposes only, and does not constitute an exhaustive description of all data regarding Gencell Ltd. (the “Compan
Slide 3: Introduction: What If?
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Slide 4: From technology and product development to commercial deployment and profitable growth
From technology and product development to commercial deployment and profitable growth
Slide 5: GenCell Customers
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Slide 6: Key Figures
Key Figures 65% ~3.1m ~$67m Gross Losses Revenues Cash Balance slashed vs Q3 2021 Q3 2022 as of 9.30.2022 147 ~ 100 1,280 employees Trade Secrets R&D man-hours 20% increase over 2021 and 15 patents as of 9.30.2022 (6 pending)
Slide 7: Evolution of GenCell's Core Technologies
Evolution of GenCell’s Core Technologies Water to power* Ammonia to power Hydrogen to power * In development
Slide 8: Active Markets
Active Markets Utilities Telecom EV Charging ~$81 billion market with ~ $7.7 billion market with $20 billion market with CAGR CAGR of 4%3,4 CAGR of 11% of 35%1,2 1. Data as of 2021 2. Source: https://www.altenergymag.com/news/2022/09/09/ev-charging-infrastructure-market-size-to-expand-around-usd-217
Slide 9: Utilities
Utilities Telecom EV Charging Utilities
Slide 10: Utilities: Challenges
Utilities: Challenges Volatility due to Influx of Distributed Energy Withstanding Renewable Energy Network Climate Crisis v v
Slide 11: CFE power generation and GenCell units
89.6 GW 74 ~3.2 MWh 2,133 hrs 190,000 CFE power generation GenCell units = energy stored = 3 months backup communities p.a. (2021) at CFE as H2 power * served by CFE * 3 months backup power for substations where GenCell units are installed
Slide 12: EV Charging
EV Charging Utilities Telecom EV Charging
Slide 13: Grid Limitations on Charging
Grid Limitations on Charging There is a very real risk that EV uptake will accelerate faster than the ecosystem that will sustain it. – Ernst Young, 2020 Source: https://www.ey.com/en_gl/energy-resources/as-emobility-accelerates-can-utilities- move-evs-into-the-fast-lane’ Ernst Young Dec 2020
Slide 14: Filling the EV Charging Power Gap
Filling the EV Charging Power Gap (Source: Building the electric-vehicle charging infrastructure America needs – McKinsey 2022 - Philipp Kampshoff , Adi Kumar, Shannon Peloquin, Shivika Sahdev)
Slide 15: Grid-Independent Hydrogen-based EV Charging Stations
From Dream to Reality: Grid-Independent Hydrogen-based EV Charging Stations
Slide 16: EV Motors Corporate Structure
EV Motors Corporate Structure Finance & Insurance \\\\ \
Slide 17: Electricity Grid in Israel
Electricity Grid in Israel Power Generation in Israel – Current Status The electric grid comprises 36% of Israel’s energy sector, generating each year: 55 TWh Fossil fuels for transportation comprise 44% of the annual power consumption in Israel: 70 TWh
Slide 18: From Dream to Reality
Kaede From Dream to Reality
Slide 19: Plan to Deploy EV Charging Stations
Plan to Deploy EV Charging Stations Kiryat Shmona Regba Atlit 210 sites Glilot located as potential locations for deploying Shilat EV charging stations, of these: Misgav Dov • 65 sites in preliminary planning stage • 19 sites in advanced planning stage (permitting) Yotvata Eilat
Slide 20: Telecom
Telecom Utilities Telecom EV Charging
Slide 21: Telecom Market: Challenges & Trends
Telecom Market: Challenges & Trends Commitment to Zero Climate Crisis Causes Energy Crisis Digitalization Requires Emissions Power Issues Insufficient Availability Network Expansion and Increased Power Consumption
Slide 22: Dr. Martin Kurze
Dr. Martin Kurze Director Research & Innovation Deutsche Telekom (T-Labs)
Slide 23: Deutsche Telekom: Countering Energy Challenges with GenCell Fuel Cells
DEUTSCHE ad COUNTERING ENERGY CHALLENGES WITH GENCEL uel CELLS Deutsche Telekom AG, Technology & Innovations em AT Z U \\ © a Db Martin Kurze, 13°De ember 2022 “Sel? ep, ) Ce 6 oe - ig 7 [ 268 . LIFE IS FOR SHARING. °
Slide 24: Pe ar’ =a
Pe ar’ 2 =a DT is finance driven Ane “ay > es » DT is innovation driven 2 oe 63 zg et # J a L 2020 20246 2020 20246 2020 20246 + WesentlcherTrebier Sprint Tans- + Stetiges Wachstum ab 2021 1 Steigerung tes ROCE auf biden aktiom inden Vereinigten Staaten Seiten des Attntice Er >18 >1.75 6.3 1.20 2020
Slide 25: Mobile +10-17% p.a.
Mobile +10-17% p.a. 4: GINET, NEST Tool, June 2020 Note: All data for Germany. Source: DTSE Reporting Energy consumption; 2019 values; PASM/PLASMA 2019 FC 5 values; 2030 figures incl. continuous PLASMA saving measures; Data for EU show an even higher percentage on “Mobile” Availability of Green Ener
Slide 26: DT Climate Protection / Sustainability Targets and Ambitions
DT CLIMATE PROTECTION / SUSTAINABILITY TARGETS AND AMBITIONS Value Chain Emissions = a © = @ c CI oa Energy Efficiency Target: Reduction of CO2 emissions in DT by 90% until 2030 compared to 2017! Target: Use 100% electricity from renewable energy sources from 2021 Ambition: Flatten the long-term inc
Slide 27: Telcos need emergency power supply
VTI, Innovation Hub, Martin Kurze / DT-GenCell findings In 2021, a giant flood destroyed homes and infrastructure (and killed hundrets of people). Communication and energy infrastructure were washed away. DT was able to re-provide the mobile network (4G/5G) fast, relying on mobile gensets (based on
Slide 28: Background: Telco Industry Needs Energy and Infrastructure
BACKGROUND: TELCO INDUSTRY NEEDS ENERGY AND INFRASTRUCTURE ... .. BUT: The telco industry makes money from communications (e.g. voice, data, ...), not from energy. Telcosy buy energy (and energy supply reliability). > GenCell must be a (silently running) part of the solution, not a source of complex
Slide 29: Concluding the BOX-Test
Concluding the BOX-Test (Hydrogen fuel cell) J Li LIFE IS FOR SHARING. VTI, Innovation Hub, Martin Kurze / DT-GenCell findings 13 Dec. 2022 7
Slide 30: How Will Telcos Integrate with Fuel Cell Gensets?
HOW WILL TELCOS INTEGRATE WITH (GENCELL) FUEL CELL GENSETS? [Seon ¥ Traditional telco equipment suppliers (Ericsson, Nokia, others ... ) will offer energy supply solutions / equipment. > Energy and energy carriers as well as utilities are part of today’s local machinery at cell tower sites (and othe
Slide 31: Making It Happen ...
MAKING IT HAPPEN ... ae LIFE IS FOR SHARING. VTI, Innovation Hub, Martin Kurze / DT-GenCell findings 13 Dec. 2022 9
Slide 32: Steps Towards a Successful and Future-Proof Partnership
STEPS TOWARDS A SUCCESSFUL AND FUTURE-PROOF BUSINESS/PARTNERSHIP ¢ Partner with traditional telco equipment suppliers (Ericsson, Nokia, others ;) ) Sf * Help to overcome ,,logistics issues“: local storage and supply for fuel (H, / NH) yi * Be patient with the ,,old players“ in the telcommunications
Slide 33: GenCell
2% GENCELL GenCell is among the top fuel cell providers for hydrogen DT is a very successful telco provider because it is based fuel cells for telco industry & beyond. finance-driven and innovation oriented. . , GenCell is at least 3 to 5 years ahead of the competition in DT chose to be one of the f
Slide 34: Thank You!
THANK YOU! And: THANK YOU, & GENCELL , for having me
Slide 35: Strengthening our Foundations in the Telecom Market
Strengthening our Foundations in the Telecom Market ✓ Collaboration with Global Telecom Equipment / Network < e Ericsson Huawei Providers ✓ Support for Hydrogen / Ammonia Fueling Supply Logistics < ✓ Strategic Cooperation Agreements with Leading Global < Telecom Providers
Slide 36: Evolution of GenCell's Core Technologies
Evolution of GenCell’s Core Technologies Water to power* (Green Ammonia)` Ammonia to power Hydrogen to power * In development
Slide 37: Green Ammonia - 100% Clean Energy
Green Ammonia – 100% Clean Energy Global Ammonia & Green Ammonia Markets USD billions Global Green Ammonia Market 140.00 USD millions 120.00 6000 100.00 5000 80.00 4000 60.00 3000 40.00 2000 20.00 1000 0.00 0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2021 2022 2023 2024 2025 2
Slide 38: Green Ammonia vs GenCell's Green Ammonia Synthesis
Green Ammonia vs GenCell’s Green Ammonia Synthesis FOX ™ * * in development + =+ = Low Pressure Low Temperature Energy Efficiency Cost-efficiency 200atm vs. 1atm 500°C vs. 70°C 14% vs. 30-45%
Slide 39: TDK Ventures: Why did we decide to invest in GenCell?
TDK Ventures: Why did we decide to invest in GenCell?
Slide 40: Developing Green Ammonia
Developing Green Ammonia First Second Third Strategic Milestone: Milestone: Milestone: Partnership Proof of Small scale Full scale alfa Concept alpha prototype prototype Agreement signed Second investment April 2023* End 2024* with TDK announced February 2021 February 2022 * In development
Slide 41: TDK: Cooperation
TDK: Cooperation Green Energy Reinvented Shigeki Sato Senior Vice president GM, Technology and Intellectual Property HQ Sato, and Ci@,insk®Kearo & GENCELL 2022
Slide 42: From technology and product development to commercial deployment and profitable growth
From technology and product development to commercial deployment and profitable growth
Slide 43: Condensed statement of comprehensive loss
Gross sz epee Operating lesz ‘Tota es before her income ‘Teal preearloss ‘Total comprehensive ion forte period cop ‘The accompanying tet he condensed comalidted fnancilstxements ar a ntgral par chro & GENCELL 2022 Aj
Slide 44: Comparing Q3 Revenues YoY
Comparing Q3 Revenues YoY Q3 2021 Q3 2022 $ 3,500 $ 3,000 $ 3,092 $ 2,500 $ 2,000 $ 1,500 $ 1,000 $ 500 $ 393 $ $ )238( $ )500( $ )681( $ )1,000( Increased Revenues and Reduced Gross Losses
Slide 45: Balance of Cash
Balance of Cash ight-of-ave assets, net ined assets net Otberintamzible asset, net ‘Total non-current assets 98 oe iz 31280328814 2404 = 2496 261,629) ug 102205 a N fo) A + y ir (ta) Q) g
Slide 46: Conference Summary
Conference Summary Questions and Answers
Slide 47: Thanks for your participation. Questions?
From technology and product development to commercial deployment and profitable growth Thanks for your participation. Questions? team@gencellenergy.com
Slide 48: Tour of GenCell's Laboratories
Tour of GenCell’s Laboratories for a Sneak Peek of the Unique Direct Green Ammonia Synthesis Technology • Group Safety Briefing before the start of the tour: o Follow the guide! o Stay as a group o Do not enter working areas without permission o Do not touch any material/equipment without permission