Fomo Worldwide, Inc. · OTC:IGOT
Fomo Worldwide — Corporate Update (July 2023)
20 slides from Fomo Worldwide's corporate update, Jul 11, 2023
Slide 1: Opportunities for Solar Projects for Schools
Opportunities for Solar Projects for Schools Presentation by FOMO WORLDWIDE, INC. in cooperation with SMARTSolution Technologies L.P. & SRC Global Inc. SRC
Slide 2: Presentation Outline
Presentation Outline e Overview of Team e Summary of Opportunity e Rising Electricity Prices e The PA Net Metering Program e Key Elements of a Solar Project e Tax Benefits and Financing Options e Examples of Solar Projects in Pennsylvania Schools e Illustrative Results and Benefits @ Typical Inputs
Slide 3: Overview of Team
Overview of Team @ FOMO WORLDWIDE, INC. FOMO is a publicly-traded company focused on business incubation and acceleration. The Company invests in and advises emerging companies. FOMO is developing direct investment and affiliations, majority- and minority-owned, as well as in joint venture formats t
Slide 4: Experience in Solar Projects
Experience in Solar Projects @ Pennsylvania Solar PV Projects @ Development, permitting and supervision of construction: ° 3.2 MWdc ground-mounted project in Central PA (net metering basis), ° 4.0 MWdc rooftop solar PV project for industrial client in Central PA (net metering basis), © 30 MWdc proje
Slide 5: ARM Group - Partner for Development and Construction
ARM Group - Partner for Development and Constriction e PA based firm specializing in design, engineering and construction services for solar projects, e Services include civil/environmental, electrical/automation, and technical field services for renewable energy projects, e ARM's integrated electri
Slide 6: The Opportunity for Solar PV in Schools
The Opportunity for Solar PV in Schools fou) SRE.
Slide 7: Solar Projects Can Alleviate Rising Electricity Prices
Solar Projects Can Alleviate Rising Electricity Prices @ Higher wholesale electricity market prices, resulting from shifts in supply ns demand for natural gas, have increased purchasing costs for electricity distribution companies and driven up costs for consumers. Pennsylvania PUC Advice The upcomi
Slide 8: Net Metering in Pennsylvania
Net Metering in Pennsylvania @ Allow electricity users to build solar projects and interconnect to the local electricity grid, @ Project size — up to 3.0 MWac (about 4.5 MWdc), e@ Electricity produced from the solar project can be used internally or exported to the grid, @ The customer reduces elect
Slide 9: Key Requirements of a Solar PV Project
Key Requirements of a Solar PV Project @ Can be rooftop or land-based, @ Requires about 20 acres for a 3 MWac project, e@ If needed, land can be leased from landowners (such as farmers) who benefit from the lease payments for 25+ years that are greater than other revenues, @ Can be owned by the scho
Slide 10: Tax Benefits
Tax Benefits Solar projects are eligible for investment tax credit (ITC) of 30 - 40% of total investment and State Renewable Energy Credits. The MACRS (Modified Accelerated Cost Recovery System). provides fast depreciation over 5 years or 100% “Bonus Depreciation” in one year These tax benefits can
Slide 11: Financial Structuring with Power Purchase Agreement
Financial Structuring with Power Purchase Agreement @ Three-party agreement among school district, solar developer and tax equity investor. @ Investor may lease rooftop space from school district or can lease land for the solar project. e@ Investor owns the project and gets the tax benefits. @ Inves
Slide 12: Examples of Solar Projects in PA Schools
Examples of Solar Projects in PA Schools
Slide 13: Examples of Solar Systems in PA Schools
Examples of Solar Systems in PA Schools Midd-West School District Tamaqua Area School District Tuscarora School District Nazareth Area School District Bethlehem Area School District Steelton-Highspire School District Pottsville Area School District LoyalSock Township School District Carlisle Area Sc
Slide 14: Solar System - Pottsville School District schools
Solar System —- Pottsville School District 3 schools - 2,600 students Layout - Rooftop Size - 1.48 MW Energy Savings - 48% Cost Savings — @ $40,000/year first 5 years e@ $125,000/year thereafter @ Total Savings - 25 years @ $2.7 million Fe) w SRC. 5 © © © © ©
Slide 15: Solar System - Midd-West School District
Solar System — Midd-West School District ©oe¢e6¢ 6 © Size - 2.56 MW Layout - Land - based Area - 7.25 Acres Completed Nov. 2020 Energy Savings - 96% Cost Savings e@ $185,000/year for first 5 years e After PPL cost increase, savings are over $350,000/year e@ $8 million over 25 years one) ° Se:
Slide 16: Illustrative Project Characteristics
Illustrative Project Characteristics
Slide 17: Illustrative Project Characteristics
Illustrative Project Characteristics Project information Project Size - DC. Mw DC 420 DCIAC Inversion Ratio 1.40 Project Size - AC MW AC 3.00 Type of Solar Type Fixed Tilt ‘Annual Production kWh 13175 Avaiabilty Factor % 0.99 ‘Annual Consumption MWh. 4,000.0 Project Start Date Date 712023 End of Fir
Slide 18: Illustrative Project Financial Results
Illustrative Project Financial Results Project Characteristics ITC & Depreciation Benefits Project Size mw Dc 420 TTC Basis $ $7,466,416 Project Size Mw ac 3.00 Ic Rate % 20% Preduotion Factor ives 19176 ITC Amount $ $2,289,625 ‘Type of Solar System Type Fixed Tilt Total Investment $ $4,588,260 ‘Ann
Slide 19: Project Development Activities
Project Development Activities e Phase I -6 to 8 weeks e Decision - rooftop or land-based Preliminary Layout Critical Issues Assessment Interconnection Application Financial Structuring e@ Phase II - 6 months e Detailed Development and Permitting e Electrical and Civil Design ° ° Equipment Specifica
Slide 20: Next Steps
Next Steps e Our Team Offers: @ Complete services for all Project phases, ¢ Financial structuring, e@ PPA design to maximize benefits, « Substantial financial benefits with zero up-front investment. e@ What we need is: @ Information on facility locations, @ Rooftop area available, e Current electric