Ceres Power Holdings Plc · LSE:CWR
Ceres Power — Merger or Acquisition (January 2024)
8 slides from Ceres Power's merger presentation, Jan 18, 2024
Slide 1: Ceres signs first hydrogen licence with Delta Electronics
Ceres signs first hydrogen licence with Delta Electronics 18 January 2024
Slide 2: First dual license for power and green hydrogen
First dual license for power and green hydrogen * Ceres and Delta Electronics today announced the signing of a global long-term collaboration agreement for cell and stack production * Agreement includes staged revenues of £43 million to Ceres through technology transfer and manufacturing license * T
Slide 3: Financial implications of the deal
Financial implications of the deal * Total value of transaction is £43 million initial technology transfer, manufacturing license and engineering services over three years * Of the £43 million, approximately half is expected to be recognised as revenue in 2024 * Potential additional revenue from sta
Slide 4: Delta Electronics
Delta Electronics 4 Headquartered in Taiwan, Delta employs over 80,000 people across approximately 200 facilities worldwide Global leader in mass manufacturing, power electronics and batteries for customers in the ICT sector, such as Microsoft Diversified into turnkey decarbonisation solutions for s
Slide 5: Strategy and target markets
Strategy and target markets * Delta aims to lead Taiwan’s energy transition and become a valuable contributor to decarbonising global energy systems ¢ Delta expects to integrate Ceres’ energy stack technology with its own industry-leading technologies to develop fuel cell and electrolysis systems fo
Slide 6: Evolution of royalty revenue
Evolution of royalty revenue Inflection driven by mass market scale of partner manufacturing a N \ Future licensees | SOEC factory { and manufacturing} production \ capacity \ SOFC factory N / production Sor C2res hydrogen @ Royaities @ Licence fees, engineering services and hardware sales cares pow
Slide 7: Summary
Summary 7 First dual license partner for SOEC and SOFC into multiple applications Endorsement of investment into SOEC technology by a new partner Delta brings strong capability in one of the world’s leading centres for high volume technology manufacturing New partnership license worth £43 million St
Slide 8: Questions
Cares Questions Ceres Power Holdings pic Viking House, Foundry Lane, Horsham RH13 5PX T: +44 (0)1403 273463 | E: info@cerespower.com
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