Capsol Technologies Asa · OSL:CAPSL
Capsol Technologies Asa — Sparebank 1 Markets 2025 Energy Conference
10 slides from Capsol Technologies Asa's conference presentation, Feb 25, 2025
Slide 1: Strengthened CCS business case fuels pipeline growth
Strengthened CCS business case fuels pipeline growth Sparebank 1 Markets 2025 Energy Conference February 25, 2025d Storage Forum CEO Wendy Lam
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FO R PUBLICA TION NO R DISTRIB UTION, IN WHO LE OR IN P ART, DIRE CTLY OR INDIRECTL Y, IN OR INTO AUSTRALIA, CANADA O R THE UNITED S TATES (INCLUDING ITS TERRITORIE S A ND POSSE SSIONS, ANY STATE O F THE UNITED STATED A ND THE DISTRICT O F COLUMBIA ) O R ANY OTHE
Slide 3: Licensor of point source carbon capture technology
Licensor of point source carbon capture technology Offering carbon capture and heat recovery in one system Attractive capture cost Electricity consumption Norway (HQ) 20-60% 0.5-1.5 US Germany Lower than amines1 GJ per ton of CO2 captured2 Technology experience Mature pipeline 15+ 17.2mt Decades pro
Slide 4: Highlights – Q4 and full-year 2024
Highlights – Q4 and full-year 2024 Strong revenue and • Revenues increased 2.75x to NOK 94.2 million pipeline growth • 45% y-o-y growth in mature project pipeline to 17.2 million tons annual CO2 capacity • EUR >200 million revenue potential in projects that can reach FID next three years Capsol’s te
Slide 5: Strong traction driven by demand and competitiveness
Strong traction driven by demand and competitiveness 17mt mature pipeline at end of Q4 2024 representing up to EUR ~260m pre-tax profit potential +45% 20 18 16 Engineering studies Million tons CO2 14 12.0 mt 12 10 CapsolGo® 8 3.85 mt 6 4 License agreements 2 1.35 mt 0 Q4 2023 Q1 2023 Q2 2024 Q3 2024
Slide 6: Capsol's pipeline growth outpacing the industry
Capsol’s pipeline growth outpacing the industry Mature CCS project pipeline growth, Q2 23 - Q2 24 Targeting: 140% • High-growth segments, cement and biomass, waste-to-energy CO2 capture capacity growth, % 120% 13 100% • High-growth regions, Europe and North America 80% • Successful go-to-market with
Slide 7: Scalable business model yielding attractive returns
Scalable business model yielding attractive returns Low capital intensity Zero capex risk 40-60% pre-tax MAIN REVENUE CONTRIBUTION IN THE PAST MAIN CONTRIBUTION GOING FORWARD Timeline for a typical CCS project and Capsol’s revenue streams Sales Engineering Demonstration campaign Licensing Final inve
Slide 8: Milestones expected next 6-12 months
Milestones expected next 6-12 months De-risking the path towards long-term goals and revenue potential Stockholm Exergi Fully booked New licensing Bringing Expanding FID1 CapsolGo® agreements CapsolGT® to partnerships capacity market Entered next phase of Generating high Proving technology Moving to
Slide 9: Investment case
Investment case EUR 260 million licensing revenue potential in mature project pipeline 80% can reach FID next three years, triggering licensing revenues Mature pipeline growth of 45% y-o-y, outpacing the industry Targeting 40-60% long-term pre-tax profit Further revenue and value capture potential i
Slide 10: Drammensveien 126 0277 Oslo Norway
Drammensveien 126 0277 Oslo Norway Our vision is to accelerate the worlds capsoltechnologies.com transition to a net zero future
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