Hyliion Holdings Corp. · AMEX:HYLN
Hyliion — Q1 2026 Earnings Presentation
14 slides from Hyliion's earnings presentation, May 13, 2026
Slide 1: 2026 1st Quarter Earnings Call
st 2026 1 quarter Earnings call May 13th, 2026
Slide 2: Disclaimer
DISCLAIMER The information in this presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact i
Slide 3: UL Certification
UL CERTIFICATION ✓ ✓ ✓ Linear Electric Complete Power Battery System Motor Module Successful Completion of All Non-Recurring UL Certification Testing Across All Three Systems HYLIION® 2026 | Proprietary 3
Slide 4: Customer Deployments & Demand
CUSTOMER DEPLOYMENTS & DEMAND Strong & Growing Interest with On Schedule for this Year to Military (expecting $40-50M of additional Complete the ~10 Early Adopter Units contracts in 2026) and Data Center Customers HYLIION® 2026 | Proprietary Awards are subject to customary government contract proces
Slide 5: Partnership Updates
PARTNERSHIP UPDATES Executed Non-Binding LOI to Deploy up to 250 KARNO Cores (50 Megawatts) over the Next 5 Years in Advanced Data Center Applications Customer commitments are executed as non-binding MOU/LOI and are HYLIION® 2026 | Proprietary subject to the execution of a definitive sales agreement
Slide 6: Product Development
PRODUCT DEVELOPMENT • Full 200 kW Design Power Rating Expected by Year End • Successfully Demonstrated Multi- Fuel Switching within the KARNO Reactor • Fuel Flexibility Expands our Reach in Defense Applications HYLIION® 2026 | Proprietary 6
Slide 7: 800kW Navy System, Adaptable to 2.4 & 3.2 Megawatt
MULTI-MEGAWATT 800KW NAVY SYSTEM, ADAPTABLE TO 2.4 & 3.2 MEGAWATT DATA CENTER SOLUTIONS 800KW NAVY SYSTEM BUILD HAS COMMENCED HYLIION® 2026 | Proprietary Image shown is for illustrative purposes only and is subject to change 7
Slide 8: Scaling Product and Production
SCALING PRODUCT AND PRODUCTION Current Print Capacity Expected to be Sufficient for 2026, 2027, and into 2028 Production Plans* HYLIION® 2026 | Proprietary *Current print capacity includes a few additional machines expected to be installed in 2026 8
Slide 9: 2026 Milestones
2026 MILESTONES Liquid Fuel Operation UL Certification Initial Customer Site Deployment Multi-KARNO Power Module Operation Complete 800kW US Navy Multi-KARNO System Printer Speed Enhancements New R&D Contract with U.S. Military Complete Remaining Early Adopter Deployments Commercialization of 200kW
Slide 10: 3-Year Outlook
3-YEAR OUTLOOK year objectives • Complete Early Deployments & Commercialize 200kW KARNO System • Printer Speed Enhancements 2026 • Secure Additional Military R&D Services Contracts • Deliver 800kW Multi-KARNO System for U. S. Navy • Ramp up Commercial Deliveries 2027 • Larger Multi-MW KARNO Power Mo
Slide 11: 2026 Q1 Financial Results
2026 Q1 FINANCIAL RESULTS FINANCIAL RESULTS 1st Quarter Q1 Highlights ($M) 2026 2025 • Significant revenue growth from R&D Services for the U.S. Navy R&D Service Revenue $2.8 $0.5 • Gross Margin of $0.2 million Cost of Sales (2.6) (0.5) • Lower R&D expense: Gross Margin $0.2 $0.0 o Shift to revenue
Slide 12: 2026 Q1 Results and Outlook
2026 Q1 RESULTS AND OUTLOOK 2026 Q1 results Cash use • Cash use of $13.0 million in Q1 2025 2026 • Capital spending of $1.9 million for printers and $67.4 Million Est $50 Million facility upgrades (Plus $10M of Leased Equip) • Ended Q1 with $139.3 million of cash and short and long-term investments
Slide 13: Closing Remarks
CLOSING REMARKS Completed UL Certification Non-Recurring Testing Deliver Remaining Early Adopter Units Secure $40-50 Million of Additional Military Contracts Demonstrated Multi-Fuel Flexibility & Progressing to Full 200 kW Power Commenced the Build of the First 800 kW Navy System HYLIION® 2026 | Pro
Slide 14: Q&A
Q&A