Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (January 2022)
22 slides from Electrovaya's investor presentation, Jan 13, 2022
Slide 1: A Lithium Ion Battery Breakthrough: Corporate Presentation
A Lithium Ion Battery Breakthrough Corporate Presentation Electric Mobility Energy Transformation Climate Change Mitigation January 13th, 2022 Toronto Stock Exchange (TSX:EFL) & (OTCQB:EFLVF) Electrovaya © 2022
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements, including statements that relate to, among other things, the effect of the ongoing global COVID-19 public health emergency on the Company’s operations, its employees and other stakeholders, including on customer demand, supply chain,
Slide 3: Battery is the Enabling Technology: Energy & Electrification
Battery is the Enabling Technology: Energy & Electrification Bloomberg New Energy Finance uses Electrovaya’s battery photo to illustrate BNEF’s articles: https://www.bloomberg.com/news/articles/2018-06-19/how-big-will-the-battery-boom-get-try-548-billion-bnef-says 3 Electrovaya © 2022
Slide 4: Electrovaya: Lithium Ion Battery Pioneer
Electrovaya: Lithium Ion Battery Pioneer 2010: Partnered Founded in 1996 with Chrysler to 2016-18: Electrovaya 2015: Developed NMC lithium ion develop EVs forklift battery systems cells with industry leading cycle life being developed 1996 2000 2002 2003 2004 2010 2013 2016 2017 2015: Electrovaya po
Slide 5: Electrovaya Batteries for Daimler Electric Smart Car
Electrovaya Batteries for Daimler Electric Smart Car: • 2015-18: Electrovaya acquires the largest Li-Ion facility in Germany & EU, built to supply battery for Daimler’s Smart electric, and EU based electrification market • Daimler’s e-Smart car, low consumer interest; other markets does not emerge i
Slide 6: Battery Technology Breakthrough: 2017/18
Battery Technology Breakthrough: 2017/18 • Safety • Longevity and Cycle Life • Along with excellent energy and power 6 Electrovaya © 2022
Slide 7: Safety: An Important Concern
Safety: An Important Concern ● Electrovaya Battery Technology; show good safety characteristics Standard - Proprietary Ceramic Separators (~20+ patents) - ~20,000 Daimler e-Smart car fleet, with Zero Battery Safety Incident ● Over 200,000+ electric vehicles recalled for battery safety in 2020/21 ● E
Slide 8: Technology Driven Market Advantages: Longevity
Technology Driven Market Advantages: Longevity Our cells last longer Competitor Cells 100% Capacity Excellent cycle life: 3rd Party Laboratory Testing provided by Raymond/Toyota In-House Testing Electrovaya cycle-life a ~100-300% potential improvement 8 Electrovaya © 2022
Slide 9: Electrovaya Strategy: Two Battery Platforms
Electrovaya Strategy: Two Battery Platforms ● “Infinity Platform”: Safety, Longevity with Excellent energy & Power (Commercial Today) ○ Focus: Commercial Vehicles; e-bus, e-forklift, e-trucks ○ Lowest holistic cost, highest value ○ Product Launched: Global partners and Users; Toyota, Raymond, Walmar
Slide 10: "Infinity Platform"
“Infinity Platform” Commercially Launched 10 Electrovaya © 2022
Slide 11: Strategic Sales Agreement: Dec 2020 OEM Sales Channel
Strategic Sales Agreement: Dec 2020 OEM Sales Channel ● Raymond Corp (Toyota): largest electric forklift manufacturer in North America ● UL Listing 2580 ● Outstanding Return on Investment: ROI Calculator shows rapid returns: “months” https://www.raymondcorp.com/products/energy-solutions/calculator *
Slide 12: Direct Sales Channel: Direct Sales & Upgrade Channel
Direct Sales Channel: Direct Sales & Upgrade Channel ● Direct Sales Team: upgrade market - potential ~2 million lift-trucks Electrovaya batteries powering a Walmart Distribution Center 12 Electrovaya © 2022
Slide 13: Rapid Growth: Some Blue Chip Customers
Rapid Growth: Some Blue Chip Customers * all trademark logos and trademarks are owned by the respective Companies 13 Electrovaya © 2022
Slide 14: Operating Sites: Electric Lift truck sites
Operating Sites: Electric Lift truck sites ~67 sites in North America (Many Repeat orders)* Types of Businesses: E-Commerce High velocity distribution centers Cold/freezer storage Manufacturing Food processing Furniture Logistics Recycling *Some dots represent multiple sites 14 Electrovaya © 2022
Slide 15: Emerging Markets: Electric Bus & Trucks (Infinity Platform)
Emerging Markets: Electric Bus & Trucks (Infinity Platform) Safety and Longevity: Uniquely Necessary & Available from EFL Electrovaya’s liquid cooled 670V battery packs for e-buses and e-trucks ● March 2021 delivered: 700V, 300kWh battery to e-bus OEM ● E-buses and electric delivery trucks are a pot
Slide 16: "Solid-State Platform"
“Solid-State Platform” Expected commercialization in 2023 16 Electrovaya © 2022
Slide 17: Electrovaya Labs: A new Division Research Focus for Next Gen Batteries
Electrovaya Labs: A new Division Research Focus for Next Gen Batteries Unbottling technology • Solid State Cells: e-passenger cars Coin Cells: C/4 charge & discharge 3.0V - 4.2V • Unique Electrode Production: useful for both “Infinity Platform” and “Solid-State Battery Platforms” • Ultra-High Densit
Slide 18: Market Emerging
Market Emerging Gross Margin: in the 30’s Pivot * Non-IFRS Measure: Adjusted EBITDA does not have a standardized meaning under IFRS. Therefore it is unlikely to be comparable to similar measures presented by other issuers. We believe that certain investors and analysts use Adjusted EBITDA to measure
Slide 19: Capital Share Structure
Capital Share Structure Ticker: TSX:EFL Ticker: OTCQB:EFLVF Shares Outstanding* : 145,940,908 Shares Outstanding* : 145,940,908 Share Price* : CAD $1.24 Share Price* : USD $1.00 Market Cap* : CAD $180,966,726 Market Cap* : USD $146,035,770 Insider Ownership: ~ 40% Insider Ownership: ~ 40% * Stock pr
Slide 20: Board of Directors and Senior Management
Board of Directors and Senior Management ● Prof. Alex McLean: Chair of the Board, distinguished scientist; Visiting Prof. at MIT, Kyoto U. and Prof. Emeritus at UofT; tech startup, authored 6 books. ● Dr. James Jacobs: Director, Co-Founder Electrovaya; BA Oberlin College, Ph.D. UofT. ● Dr. Bejoy Das
Slide 21: Conclusion: Battery Breakthrough
Conclusion: Battery Breakthrough ● Game-changer: “Infinity Battery Platform”: E-Commercial Vehicles; Safety & Cycle-life & along with excellent energy & power ● Raymond/Toyota Group: largest global OEM in e-materials handling vehicles; signs Strategic Supply Agreement Dec 2020 ● Fortune 500 Customer
Slide 22: TSX:EFL - OTCQB:EFLVF
An Exceptional Lithium Ion Battery TSX:EFL - OTCQB:EFLVF For more information, please contact: Jason Roy, Director, Investor Relations & Communications Phone: 905-855-4618 or Email: jroy@electrovaya.com - www.electrovaya.com 22 Electrovaya © 2022