Westport Fuel Systems, Inc. · NASDAQ:WPRT

Westport Fuel Systems — 2022 IAA Virtual Press Conference

31 slides from Westport Fuel Systems's conference presentation, Sep 8, 2022

  1. Slide 1: 2022 IAA – Virtual Press Conference

    2022 IAA – Virtual Press Conference September 8th, 2022

  2. Slide 2: Welcome and Agenda

    Welcome and Agenda • David Johnson, CEO • Ulf Lundqvist, Director Business Development, Heavy-Duty OEM • Anders Johansson, Vice President, Heavy-Duty OEM Media • H2 HPDI Video • Recorded Press Conference Video • Press Conference Presentation PAGE 2

  3. Slide 3: David Johnson, CEO

    David Johnson, CEO

  4. Slide 4: We're Changing the Way the World Moves

    We’re Changing the Way the World Moves Driving Cleaner Performance by delivering advanced, alternative-fuel systems for today’s combustion powered vehicles reduces carbon emissions without compromising. Tier 1 Supplier to Diverse 7 Global Manufacturing Full Suite of Renewable and Transportation Mark

  5. Slide 5: Our Opportunity

    Our Opportunity “ Climate change requires urgent attention: if we continue to emit CO2 at current levels, we have only ten years remaining in the global carbon budget before we breach the 1.5-degree Celsius threshold, emphasizing the need for immediate action. Hydrogen Council “Path to Hydrogen Comp

  6. Slide 6: Why Westport?

    Why Westport? Why Westport? • Deep expertise in clean, low carbon fuels for all transportation products and markets • Products in production, available now • Affordability of our solutions which enables scale (which is critical to making a difference) • Proven low-carbon HPDI technology using Natura

  7. Slide 7: Strategy

    Strategy 1 Drive sustainable growth in our existing markets through a diversified portfolio of technology, products, and services 2 Unlock new and emerging markets through the delivery of clean, affordable transportation solutions 3 Drive operational excellence and enhanced reputation as a Tier 1 su

  8. Slide 8: Sustainability

    Sustainability 8

  9. Slide 9: Sustainability is Foundational

    Sustainability is Foundational Sustainability is at the core of our technology strategy, our product portfolio, and our operations Governance Our ESG Strategy Stakeholder • Our ESG strategy is focused on Engagement • Formed a 10-member ESG Steering taking concrete steps to ensure • Learning, improvi

  10. Slide 10: Delivering Emission Reductions Through Alternative Fuel Capabilities

    Delivering Emission Reductions Through Alternative Fuel Capabilities LPG CNG LNG H2 Liquefied Petroleum Compressed Liquefied Hydrogen Gas / Propane / Natural Gas Natural Gas Autogas • Favourable price • Over 4,000+ CNG • Key driver of heavy- • Strong OEM interest advantage over stations in Europe du

  11. Slide 11: Westport Fuel Systems Inc.

    Westport Fuel Systems Inc. Leading Technology Position Market-Ready Solutions • Long history and deep technology innovation and engineering • LPG & CNG kits and components for aftermarket vehicle capabilities conversions and Delayed OEM installations • Strong intellectual property position • Compone

  12. Slide 12: We Design, Engineer, and Manufacture Fuel Systems and Components

    We Design, Engineer, and Manufacture Fuel Systems and Components Fuel Tank Systems Valves Regulators Injectors Electronics CNG Tank CNG Valves Pressure Type 1 CNG Tank System Regulators Natural Gas Injectors CNG CNG Electronic Fill Injector Control LPG Valves Rails Modules LPG Tank System Pressure R

  13. Slide 13: Ulf Lundqvist - Director Business Development, Heavy-Duty OEM

    Ulf Lundqvist- Director Business Development, Heavy-Duty OEM

  14. Slide 14: Innovation

    Innovation 14

  15. Slide 15: Recent Developments

    Recent Developments • Unveiled demonstrator vehicle with hydrogen HPDI fuel system for internal combustion engines for heavy-duty truck applications • Westport Hydrogen HPDI truck pulling a Ray Lee’s/Ozark trailer fueled with hydrogen for the first time in America in August at the West Sacramento St

  16. Slide 16: HPDI Performance and Benefits

    HPDI Performance and Benefits HPDI: Cost-effective HPDI is the most cost-effective way to reduce CO2 in long-haul trucking and other high-load, long- haul applications. HPDI: LNG H2 HPDI • Same torque, efficiency, and reliability as diesel engines • 20% more power, 15% more torque • 20% CO2 reductio

  17. Slide 17: Fuel Consumption Comparison HPDI vs SI LNG

    Fuel Consumption Comparision HPDI vs SI LNG • 3 brands were compared in a defined route by magazine “FrenchRoutes” April 2022. HPDI has by far lowest fuel H2 consumption and in the same time highest commercial speed during the mission • When operating on Hydrogen (H2) the HPDI system will: ‒ Achieve

  18. Slide 18: Pathway to Zero Carbon Fuel – Hydrogen ICE

    Pathway to Zero Carbon Fuel – Hydrogen ICE Total Cost of Ownership (TCO) Benefits vs. Fuel Cell for 5 Years and 580,000 km € 1,100 For the Truck Customer • Lower upfront acquisition costs € 1,050 • Proven truck design and durability High €1,023K • Familiar truck operation € 1,000 8% to 17% € 950 Low

  19. Slide 19: Anders Johansson, Vice-President, Heavy-Duty OEM

    Anders Johansson Vice-President, Heavy-Duty OEM

  20. Slide 20: Market and Future Opportunities

    Market and Future Opportunities 20

  21. Slide 21: HPDI Growth In European Heavy-Duty Trucking

    HPDI Growth In European Heavy-Duty Trucking Volvo OEM w/ HPDI Volvo tech OEM Share of HD NG Truck Sales Iveco Other Iveco Other Sources: IHS Markit, ACEA, WFS analysis PAGE 21

  22. Slide 22: HPDI 2.0 is a High-Performance, Low-Emissions Fuel System Solution

    HPDI 2.0™ is a High-Performance, Low-Emissions Fuel System Solution for Today’s Combustion-Powered Heavy-Duty Trucks On Engine On Chassis On LNG Tank High Pressure Tank Selection Gas Temperature Direct Injector Control Manifold Sensor Gas Rail LNG Pump Control Manifold OEM Engine LNG Tank Module Gas

  23. Slide 23: Introducing H2 HPDI

    Introducing H2 HPDI “ Hydrogen combustion is a nascent solution but could fill an important niche by harnessing established technologies and supply chains. Bernd Heid, Christopher Martens, and Anna Orthofer “How Hydrogen Combustion Engines Can Contribute to Zero Emissions”, ” McKinsey & Company arti

  24. Slide 24: H2 HPDI Fuel System

    H2 HPDI Fuel System Compared with the diesel engine to which we apply the WestportTM HDPI fuel system: • Up to 20% more power than diesel • Up to 15% more torque than diesel • Near Zero CO2 emissions • Preserve existing diesel architecture • Preserve existing engine manufacturing • Lower cost to CO2

  25. Slide 25: Thank You

    September 8, 2022 Thank You Driving Cleaner Performance Together

  26. Slide 26: HPDI and the EU regulations framework

    HPDI and the EU regulations framework HPDI • Over 500 LNG stations serving HD truckVolvo fleets across the EU, continuing to grow. • The AFIR proposals include targets for member states to continue to grow LNG refuelling infrastructure Volvo • We are confident that the revision of the Regulation on

  27. Slide 27: Appendix

    Westport Fuel Systems

  28. Slide 28: HPDI for OEM is an Aggressive Profit Driver

    HPDI for OEM is an Aggressive Profit Driver OEM HPDI to be the primary driver of growth • Adoption by large-scale OEM • Growth driven by entry and expansion into the North American and Chinese markets • Development of HPDI technology for hydrogen uses • Development of systems for off-road applicatio

  29. Slide 29: HPDI Growth Story Driven by Cost Efficiency

    HPDI Growth Story Driven by Cost Efficiency High Pressure Direct Injection on Liquefied Biomethane H2 High Pressure Direct Injection H2 Fuel Cell Electric Vehicle HPDI solutions are more cost effective than fuel cells for CO2 abatement More efficient • 4x more cost effective using HPDI solutions blu

  30. Slide 30: Growing Recognition of Alternative Gaseous Fuels

    Growing Recognition of Alternative Gaseous Fuels • Number of LNG fueling stations in Europe up 2x in the past two years • In 2021 alternative-fueled trucks had 3.6% market share in Europe – reflects 40% YoY growth • Natural Gas now part of EU Taxonomy • OEMs need a portfolio of solutions that respon

  31. Slide 31: H2 HPDI – The Path To Zero Carbon

    H2 HPDI – The Path To Zero Carbon • H2 HPDI offers compelling TCO for high load applications Scania development project underway • Growing interest in H2 HPDI from OEMs Additional development underway with Tupy and AVL • H2 HPDI offers a pathway to green hydrogen Hydrogen infrastructure investment g

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