Airjoule Technologies Corporation · NASDAQ:AIRJ
Airjoule Technologies — Power & Digital Infrastructure Acquisition II — SPAC Merger (February 2024)
23 slides from Airjoule Technologies's SPAC merger presentation, Feb 5, 2024
Slide 1: Sustainably Meeting the Challenges of Comfort Cooling / HVAC and Water Supply
SUSTAINABLY MEETING THE CHALLENGES OF COMFORT COOLING / HVAC AND WATER SUPPLY
Slide 2: Basis of Presentation
Basis of Presentation These presentation materials (“Presentation Materials”) are provided for informational purposes only and have been prepared to assist interested parties in a proposed private placement in making their own evaluation with respect to an investment in connection with a potential b
Slide 3: Forward Looking Statements
Forward Looking Statements Certain statements in these Presentation Materials may be considered “forward - looking statements” as defined in the Private Securities Litigation Reform Act of 1995 and within the meaning of the federal securities laws with respect to the proposed business combination be
Slide 4: Trademarks
Trademarks These Presentation Materials contain trademarks, service marks, trade names and copyrights of third parties, which are the property of their respective owners . The use or display of third parties' trademarks, service marks, trade names or products in these Presentation Materials are not
Slide 5: Risk Factors and Additional Information in Connection with SEC Filings
Risk Factors For a non - exhaustive description of the risks relating to an investment in a private placement in connection with the Potential Business Combination please review "Risk Factors" at the end of this presentation . Changes and Additional Information in Connection with SEC Filings The inf
Slide 6: Experienced Team with a Strong Track Record
Slide 6 Montana Technologies | February 2024 • Over 30 years of experience successfully founding and leading innovative product - based companies • Founded Core Innovation, predecessor to Montana Technologies • Previously founded Jore Corporation, a power tool and accessories manufacturer that excee
Slide 7: Transaction Summary
Slide 7 Montana Technologies | February 2024 TRANSACTION SUMMARY • Montana Technologies, through its proprietary AirJoule ® units, has created a transformational technology that provides significant energy efficiency gains in heating, ventilation, and air conditioning (“HVAC”) and atmospheric water
Slide 8: Investment Highlights
Slide 8 Montana Technologies | February 2024 INVESTMENT HIGHLIGHTS • Transformational Technology: Reduces electricity costs up to 75% for HVAC and hot water, and can eliminate refrigerants – AirJoule ® pulls PFAS - free water out of the air most efficiently, compared to other similar devices • Leadi
Slide 9: Milestone Summary
Slide 9 Montana Technologies | February 2024 Milestone Summary Description Date Close business combination ▪ XPDB and MT expect to complete business combination March 2024 Solidifies go - to - market strategy; additional technological validation ▪ GE Vernova and MT establish a 50 / 50 joint venture,
Slide 10: The Technology Breakthrough: How AirJoule Enables Commercialization of MOFs
Slide 10 Montana Technologies | February 2024 MOFs are highly adsor b ent coatings , engineered to capture specific molecules (in this case, water vapor) ▪ Montana Technologies has engineered a proprietary MOF coating (MTMOF1) that can hold more than half its weight in water vapor Thermal constraint
Slide 11: How AirJoule Works
Slide 11 Montana Technologies | February 2024 HOW AIRJOULE ® WORKS AMBIENT AIR IN DEHUMIDIFIED AIR OUT + WATER ▪ MOF - COATED CONTACTOR S inside chambers absorb water vapor molecules from ambient air flow into open chamber ▪ AIR PURGE PUMP (APP) ▪ VACUUM SWING COMPRESSOR (VSC) ▪ VACUUM CONDENSER (
Slide 12: AirJoule Product Applications - AirJoule Inside
Slide 12 Montana Technologies | February 2024 Example Atmospheric Water Generator Form Factor Example Rooftop HVAC Form Factor AIRJOULE ® PRODUCT APPLICATIONS – “ AIRJOULE ® INSIDE” AIRJOULE ® SYSTEM MODULES ARE INTEGRATED INTO BOTH HVAC AND ATMOSPHERIC WA TER GENERATOR FORM FACTORS
Slide 13: Next-Gen HVAC Technology Comparison
Slide 13 Montana Technologies | February 2024 Next - Gen HVAC Technology Existing Atmospheric Water Generation Conventional HVAC Technology Metal Organic Framework (“MOF”) with energy - efficient pressure swing system Vapor compression refrigerant systems / hybrid desiccant Vapor compression refrige
Slide 14: AirJoule Global Manufacturing Ecosystem
Slide 14 Montana Technologies | February 2024 Proprietary Key Components: 1. MOF - Coated Contactor , 2. Vacuum Swing Compressor , 3. Vacuum Condenser , 4. Air Purge Pump , 5 . Controller and Software HVAC “AirJoule ® Inside” Air - to - Water Systems AirJoule ® Finished Units AirJoule tm Commercial
Slide 15: Key Components Plan Business Model
Slide 15 Montana Technologies | February 2024 KEY COMPONENTS PLAN BUSINESS MODEL (1) DELIVER MOF - COATED CONTACTORS AND OTHER KEY COMPONENTS, ALONG WI TH COMPLETE SYSTEM DESIGN AND IP LICENSE UNDER “KEY COMPONENTS PLAN” 1. Illustrative. Based on management estimates, resulting from estimates provid
Slide 16: Coated Contactor Production Line Economics
Slide 16 Montana Technologies | February 2024 Coated Contactor Production Line Economics FINANCIAL VALUE PROPOSITION (1)(2) Illustrative De - SPAC Valuation Framework Assuming 3 and 6 Production Lines 50 / 50 Joint Venture ~$25 million Production Line Total CapEx ~1,000,000 units Contactors per Line
Slide 17: Transaction Overview
Slide 17 Montana Technologies | February 2024 TRANSACTION OVERVIEW PRELIMINARY PRO FORMA VALUATION PRELIMINARY SOURCES AND USES % $ ($ in millions) 72.6% $413 XPDB Shares at $10.00 18.6% $106 Cash Held in Trust at $10.00 Per Share (1) 8.8% $50 Private Placement Proceeds (2) 100.0% $569 Total Sources
Slide 18: Investment Highlights
Slide 18 Montana Technologies | February 2024 INVESTMENT HIGHLIGHTS • Transformational Technology: Reduces electricity costs up to 75% for HVAC and hot water, and can eliminate refrigerants – AirJoule ® pulls PFAS - free water out of the air most efficiently, compared to other similar devices • Lead
Slide 19: Appendix
APPENDIX Appendix
Slide 20: Risk Factors
All references to the "company," "we," "us" or "our" refer to Montana Technologies and its consolidated subsidiaries prior to the Potential Business Combination . The risks presented below are non - exhaustive descriptions of certain of the general risks related to the business of Montana Technologi
Slide 21: Risks Relating to Business and Suppliers
• We may depend on sole - source and limited - source suppliers for key components and products . If we are unable to source these components and products on a timely basis or at acceptable prices, we will not be able to deliver our products to our customers and production time and production costs
Slide 22: Risks Related to Intellectual Property and Technology
Risks Related to Intellectual Property and Technology • Our patent applications may not result in issued patents, and our issued patents may not provide adequate protection, which may have a material adverse effect on our ability to prevent others from commercially exploiting products similar to our
Slide 23: Risks Related to the Potential Business Combination
• If the Potential Business Combination’s benefits do not meet the expectations of financial analysts, the market price of our common stock may decline . • There can be no assurance that the post - combination company’s common stock will be approved for listing on the Nasdaq or that the post - combi
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