Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Investor Presentation (September 2018)
29 slides from Ocean Power Technologies's investor presentation, Sep 20, 2018
Slide 1: Ocean Power Technologies, Inc. Investor Presentation
ae, Ocean Power Technologies, Inc. Investor Presentation = September 2018 OPT OCEAN POWER TECHNOLOGIES
Slide 2: Forward Looking Statements
OPT OCEAN POWER TECHNOLOGIES Forward Looking Statements In addition to historical information, this presentation contains forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certai
Slide 3: About Ocean Power Technologies
About Ocean Power Technologies A a F% » Fae x “i, —.
Slide 4: Ocean Power Technologies
Ocean Power Technologies * NASDAQ: OPTT ¢ Patented proprietary technology with a total of 64 patents ¢ More than 40 employees with an engineering team of approximately 20 members including masters and PhD levels ° Market Cap: ~S15M ° TTM Revenue: $347K ° Cash & Equivalents: $8.4M ¢ Headquarters: Mon
Slide 5: Investment Thesis
Investment Thesis * Innovative commercial product * Strong intellectual property portfolio ° Total addressable market: $8.5B ° Attractive end markets: oil & gas, defense & security, science & research, and communications ¢ Experienced and disciplined management comm QPT . Bourn. TEGHNOLOSIESS 5 ae r
Slide 6: The Future of Ocean Power
OPT OCEAN POWER TECHNOLOGIES The Future of Ocean Power Present Day © 10,000+ offshore O&G sites requiring manual interface to monitor/capture data © Ocean observing requires manual interface to communicate © Limited automated Defense & Security capabilities © Communications limited to expensive sate
Slide 7: Recent Highlights
=_ OPT OCEAN POWER TECHNOLOGIES © a= ~ Recent Highlights Business Development * Shipped PB3 PowerBuoy™ to Eni S.p.A. for deployment in Adriatic Sea * Signed agreement in August 2018 with Enel Green Power (EGP) for study on possible deployment of PowerBuoy™ along the coast of Chile * Signed contract
Slide 8: Customer Projects
SEPTEMBER | 2018 Customer Projects Eni = Shipped, currently transit overland = Deploy October* Premier = Ship December* = Deploy January* Enel Green Power = Report close September = Chile Site Visit September = Buoy deploy February 2019* * Estimated Dates
Slide 9: Our Technology
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Slide 10: Our Technology
Our Technology * Considerable life-cycle cost savings compared to incumbent solutions * Generates up to 3 kilowatts of peak power * Site-dependent average daily generated power up to 2 kilowatts * 300 watts of continuous power deliverable during days or weeks with no wave activity * Real-time data c
Slide 11: How Our Technology Works
How Our Technology Works * Unique, unprecedented, patent-protected approach to power generation ¢ Floating system, anchored to sea floor down to 3,000 meters Float moves vertically, independent of the spar, in response to wave motion Heave plate and spar remain motionless in the water Float motion d
Slide 12: Strategic Position
Strategic Position T% = i ‘ Sa $ | << Sel | aa eer |
Slide 13: Capitalizing on an $8.5B Addressable Market
Capitalizing on an $8.5B Addressable Market Communications . * Wi-Fi and cellular Oil & Gas Science & Research + §0.5B market * 10,000+ offshore oil * Data collection and & gas sites communication * $2.5B market * $2.0B market OPT OCEAN POWER TECHNOLOGIES OPT Targeting 10-20% of Each Market over Med
Slide 14: End Markets: Oil & Gas
End Markets: Oil & Gas ° Key drivers Operations trending toward deeper waters Industry investing in new technologies 10,000+ sites currently require power PowerBuoy creates significant cost-saving opportunities * Applications OPT i OCEAN POWER TECHNOLOGIES Charging stations for subsea drones (AUVs)
Slide 15: Decommissioning by Region (2018 – 2025)
OPT OCEAN POWER TECHNOLOGIES Decommissioning by Region (2018 — 2025) © Production facilities and fields slated for decommissioning Footnote: Oil & Gas UK Decommissioning Insight 2017 https://oilandieasuk.co.uk/wo-conte 7-27-Nov-final pdf Decommissioning Opportunities in Brazil's Oil and Gas Horizon
Slide 16: End Markets: Defense & Security
End Markets: Defense & Security ° Key drivers * Detection and early warning systems require consistent power and real- time communications : ome + High Bandwidth Comms * Remote sensing stations for za Kw-Hr verre Storet sae .. intrusion Detection/Alert maritime security Mettibaprr sensing ° Applicat
Slide 17: End Markets: Defense & Security (continued)
ae End Markets: Defense & Security (continued) Leverage DoD/Gov Contract Mechanisms =Marine Corps =Navy "Office of Naval Research (ONR) "Army Airforce =Coast Guard =Department of Energy (DOE) =National Oceanic and Atmospheric Administration (NOAA) Defense Contractors Rapid Funding Organizations =Def
Slide 18: End Markets: Communications
End Markets: Communications * Key drivers ° Maritime communications limited to costly satellite technology * Military and civilian remote Wi-Fi and cellular communications * Applications include * Range extension for marine and coastal waterways and airways * Voice and data relay stations OPT OCEAN
Slide 19: End Markets: Science & Research
End Markets: Science & Research ° Key drivers Ej * Data collection, processing and real-time communications needed * PowerBuoy potentially transforms ocean environment ¥ intelligence * Life cycle cost, power and persistence are key variables ¢ Applications include * Weather forecasting Climate chang
Slide 20: Our Financials
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Slide 21: Financial Profile
INVESTOR PRESENTATION SEPTEMBER | 2018 Financial Profile = =r selecod Financial information captalstrucure | Balance Sheet (unaudited) 7/31/18 Total shares outstanding \?) 18,368,286 Cash, equivalents, restricted cash $8,362 % owned by directors & officers ~1% Total current assets 8,923 Warrants out
Slide 22: Our Strategy
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Slide 23: Product & Technology Roadmap
OPT OCEAN POWER TECHNOLOGIES Product & Technology Roadmap * Focused on rapid product maturation and cost competitiveness * Aggressive testing via component and system level accelerated life testing: maximized off the shelf component use and minimized customization PBX PB15-Gen1 * PB3-Gen 2 full comm
Slide 24: Implementation Strategy: Proven & Underway
Implementation Strategy: Proven & Underway Proven Technology and Validation "| 2018-19E * Expand marketing, business development footprint across multiple A 2017 Beourapiiics * Secure multiple customer © Unit validation in factory demonstration projects & ocean which lead to commercial A 2016 © LRIP
Slide 25: Experienced, Disciplined Management Team
Experienced, Executive George H. Kirby Matthew T. Shafer Christopher Phebus Matthew May Disciplined Management Team Title Selected Experience ous amsc: tyco Catalent. Oe riimannenece w GE Energy GE O&G GE Aviation Chief Executive Officer Chief Financial Officer VALEANT Pratt & Whitney V.P. of Engine
Slide 26: Investment Thesis
Investment Thesis * Innovative commercial product * Strong intellectual property portfolio ° Total addressable market: $8.5B ° Attractive end markets: oil & gas, defense & security, science & research, and communications ¢ Experienced and disciplined management ‘cca, PT Bourn. TEGHNOLOSIESS ae rs —
Slide 27: Thank You
INVESTOR TATION SEPTEM Thank You Matthew Shafer Porter, LeVay & Rose Chief Financial Officer & Treasurer Michael Porter, President mshafer@oceanpowertech.com ocean @plrinvest.com (609) 730-0400 ext. 224 (212) 564-4700
Slide 28: Appendix
Slide 29: Office of Naval Research Program Details
INVESTOR PRESENTATION SEPTEMBER | 2018 Office of Naval Research Program Details Department of the Navy SBIR/STTR Transition Program DISTRIBUTION STATEMENT A. Approved fr pub release. #43-9250:17 bution is unkmted ONR Appro WHO sYSCOM: ONA Sponsoring Program: TED “Transition Target: PEO WS, Undersea
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