T1 Energy Inc. · NYSE:TE
T1 Energy — FREYR Battery — Q1 2023 Earnings Presentation
17 slides from T1 Energy's earnings presentation, May 15, 2023
Slide 1: FREYR 1Q 2023 Earnings Call
FREYR 1Q 2023 Earnings Call May 15, 2023
Slide 2: Important notices
Important notices Forward looking statements All statements, other than statements of present or historical fact included in this the expectation that the sample cells from the CQP will accelerate customer presentation, including, without limitation, the development, financing, construction, dialogu
Slide 3: Today's Agenda
Today’s Agenda Key messages FREYR’s investment case CQP update and milestone timelines Giga Arctic project update Accelerated Giga America project development plan Industrial coalition Expanding FREYR’s supply chain Financial update Strategic priorities Announcing FREYR’s inaugural capital markets d
Slide 4: Key messages
Key messages Focused on executing and financing FREYR’s business plan as operations ramp Start-up activities accelerating at Customer Qualification Plant (CQP) First electrode production with active anode and cathode materials projected in 2Q 2023 Completed 296 of 388 distinct commissioning, integra
Slide 5: FREYR's investment case
FREYR’s investment case FREYR is a pure play tied to electrification and decarbonization themes Attractive competitive positioning Catalyst rich equity story One of the only U.S.-listed, pure play battery cell Expecting initial electrode production at CQP in 2Q 2023 producers Potential FID for Phase
Slide 6: Operations underway at CQP
Operations underway at CQP Achieving key milestones on path to automated cell production 6
Slide 7: CQP activity road map
CQP activity road map Meaningful progress ahead of impending projected start of electrode production Start-up, commissioning, integration, handovers to operations, and production testing have been accelerating since March 28th CQP Chapter One event Completed 296 of 388 distinct work streams integrat
Slide 8: Giga Arctic Update
Giga Arctic Update Continued progress in Mo i Rana November 30, 2022 May 12, 2023 Construction of Giga Arctic continues to proceed at a measured pace in accordance with previously authorized capital spending and in anticipation of a Norwegian IRA response FREYR spent $64 million in previously author
Slide 9: Accelerating Giga America
Accelerating Giga America FREYR has a fast-tracked project development timeline in place FREYR announced the selection and purchase of the Giga America site in Coweta County, GA on November 11, 2022 Freyr is working with a financial advisor and is pursuing project level investment from a Multi-phase
Slide 10: FREYR is positioned to advance fast-track U.S. development plan
FREYR is positioned to advance fast-track U.S. development plan Finalizing the business plan for the Giga America multi-phase project Marketing phase 1A investment opportunity at the Giga America targeting >30 GWh capacity by 2026 project level Shareholders as per listing on the New York Stock Excha
Slide 11: Energy transition acceleration coalition
Energy transition acceleration coalition VISION Accelerate the scale up of battery deployment to meet net zero goals and collectively seize new energy system opportunities We seek to scale up the We will collaborate on the We have a shared vision of deployment of batteries in We seek to develop robu
Slide 12: Expanding FREYR's supply chain
Expanding FREYR’s supply chain Securing critical raw materials including alternatives to mitigate risk and facilitate geographic expansion Agreement Advanced FREYR is advancing a global supply Material Signed Processes strategy which allows consolidation of volumes, flexibility in sourcing, and Cath
Slide 13: Financial update
Financial update FREYR has maintained a high level of liquidity while prudently deploying capital Strong Liquidity and Balance Sheet FREYR YTD 2023 Cash Bridge ($ in millions) Ended 1Q 2023 with $475 million of cash 2023 capex focused on the CQP, Giga America and maintaining Giga Arctic progress and
Slide 14: FREYR is creating real option value
FREYR is creating real option value Strategic flexibility to pursue evolving geographic and end market opportunities in parallel Norway → Giga Arctic United States → Giga America Inflation Reduction Act – 45X clear and simple for BESS FREYR is working with various stakeholders to develop a localized
Slide 15: Key Priorities
Key Priorities Focused on delivery of FREYR’s strategic objectives on the path to giga scale production Advance activities at CQP, reach initial automated cell production and accelerate sample cell volumes Close initial financing and reach Final Investment Decision on Giga America initial phase Enha
Slide 16: Chapter Two: Clean Battery Solutions
CHAPTER TWO CLEAN BATTERY SOLUTIONS SAVE THE DATE 27 JUN N--fel aly) eH H2075 RK oUSA OQ FREYR
Slide 17: Q&A
Q&A