Invinity Energy Systems Plc · LSE:IES

Invinity Energy Systems — Corporate Presentation Webinar, London, April 9 2020

15 slides from Invinity Energy Systems's conference presentation, Apr 9, 2020

1. Slide 1: Invinity Energy Systems Corporate Presentation

   Invinity Energy Systems Corporate Presentation April 9 | London ©2020 All Rights Reserved

2. Slide 2: Climate change is driving an energy transition and a growing need for ESG investment

   Climate change is driving an energy transition and a growing need for ESG investment.

3. Slide 3: Presentation Team

   Presentation Team Larry Zulch Matt Harper Neil O’Brien CEO CCO and Chairman Founder ▪ Over 25 years as CEO of investor- ▪ Avalon Battery founder ▪ Experienced energy industry backed technology businesses executive with experience in M&A, ▪ Responsible for sales, business business development, and ▪

4. Slide 4: Complementary, Development Stage Companies

   Complementary, Development Stage Companies Founded: 2006 (AIM:RED) Founded: 2013 Locations: UK (England, Scotland), South Africa Locations: North America (U.S., Canada) Employees: 51 Employees: 28 FY 2018 + H1 2019 Revenue: £2.7 million ($3.6m USD) FY 2018 + H1 2019 Revenue: $2.6 million USD (£2.0 m

5. Slide 5: Merger Strategic Rationale

   Merger Strategic Rationale The merger of redT and Avalon brings together the capabilities required to form a commercially successful flow battery company. Leadership Product Commercialisation Scale ▪ Growth business ▪ Proven, production- ▪ Sophisticated project ▪ Funding appropriate experience ready

6. Slide 6: Invinity's Foundation: Avalon's Proven Battery Module

   Invinity’s Foundation: Avalon’s Proven Battery Module AFB3 Internals Scalable Architecture Avalon AFB3 Stacks (Power) Power Electronics Battery 40 kWh, 10 kW module Module Includes BMS, cooling, enclosure. Battery Building block for projects Unit from 250 kWh to 12 MWh Electrolyte Pumps ▪ 3rd genera

7. Slide 7: Avalon's Experience

   Los Angeles, USA 1 MWh Iowa, USA LADWP: 1 MWh Avalon’s Experience Ideal Energy: First AFB2 delivered Pomona, USA Qinghai, China SPIC: 2 MWh VRB Power delivers 2 MWh Prudent delivers 3.6 MWh flow battery to Pacificorp, flow battery at Oxnard, Utah, USA USA VRB Power deploys flow battery fleet to Keny

8. Slide 8: Case Study – Energy Superhub Oxford

   Case Study – Energy Superhub Oxford redT’s project expertise combined with Avalon’s product expertise is already being demonstrated Energy Superhub Oxford is a grid-connected project ▪ High-profile £41 million reference site ▪ Showcasing EV charging, energy storage, low carbon heating ▪ Developed by

9. Slide 9: Vanadium Flow Battery Market

   Vanadium Flow Battery Market Flow batteries support long duration, unlimited cycle applications better than lithium. Key flow battery applications Application Duration Cycle Count Driving Opportunity Long Flow Batteries C&I solar + storage Medium High (daily+) Low-cost dispatchable solar Grid Servic

10. Slide 10: Addressing a Global Market

    Addressing a Global Market Invinity will possess the necessary scale and scope to service the needs of our customers Product Development Centre Business Development & European Production & Primary Component & Strategic Manufacturing Investor Relations Hub Final Assembly Centre Manufacturing Vancouve

11. Slide 11: Operational Capabilities

    Operational Capabilities Avalon has established operational capabilities that will be the foundation of Invinity’s projected growth. Dedicated factory to build major components in Suzhou, China Modules are Cell stack shipped tested production and and ready to final assembly in deploy Vancouver, BC

12. Slide 12: Invinity's Management Experience

    Invinity’s Management Experience Jean-Louis Larry Zulch Matt Harper Fraser Welham Andy Klassen Brian Adams Neil Lang Cols Chief Executive Chief Commercial Chief Financial Chief Technology VP Solutions VP Product Chief Operating Officer (ED) Officer (ED) Officer (ED) Officer Engineering Development O

13. Slide 13: Invinity Opportunity Pipeline

    Invinity Opportunity Pipeline Stage Base Upside Pipeline Total Sales Strategy Modules 394 603 3,083 4,080 ▪ Short term: C&I (commercial & industrial) and GSP (grid services providers) in UK, Capacity 13.8MWh 24MWh 123MWh 161MWh U.S. & Australia. ▪ Mid term: Utility segment in core markets, C&I and G

14. Slide 14: Summary – Building the World's Leading Flow Battery Company

    Summary – Building the World’s Leading Flow Battery Company ▪ Regional Targets ▪ UK & EU, Western US, Australia ▪ Secondary markets: Africa, Asia ▪ Commercial Focus ▪ BtM C&I solar and storage (Current) ▪ Grid service providers (Current) ▪ Utility-scale / Network storage projects (Medium-term) ▪ Cor

15. Slide 15: Questions & Answers

    Questions & Answers ©2020 All Rights Reserved

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