First Hydrogen Corp · TSXV:FHYD

First Hydrogen — Investor Presentation (May 2023)

25 slides from First Hydrogen's investor presentation, May 2023

1. Slide 1: Driving the Future Forward with Green Hydrogen

   DRIVING THE FUTURE FORWARD WITH GREEN HYDROGEN Q2 2023

2. Slide 2: Forward Thinking Statement

   www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF FORWARD THINKING STATEMENT This presentation contains “forward-looking information” within the meaning of First Hydrogen Corp’s short operating history; the possibility that First Hydrogen applicable securities laws in Canada, including statemen

3. Slide 3: Introduction: Zero Emission Required

   www.firsthydrogen.com www.firsthydrogen.com TSXV: FHYD TSXV: FHYD| FSE:FIT | FSE:FIT| OTC: FHYDF) | OTC: FHYDF “ZERO” Toronto Stock Exchange (TSXV:FHYD) Frankfurt Stock Exchange (FSE:FIT) INTRODUCTION US Over-The-Counter (OTC: FHYDF) REQUIRED First Hydrogen is harnessing best-of-breed partners, staff,

4. Slide 4: Business Strategy

   www.firsthydrogen.com TSXV: www.firsthydrogen.com TSXV:FHYD FHYD | |FSE:FIT FSE:FIT | |OTC: OTC:FHYDF FHYDF BUSINESS STRATEGY 4

5. Slide 5: Zero Emissions. Total Solution.

   www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF ZERO EMISSIONS. TOTAL SOLUTION. First Hydrogen is removing adoption barriers for zero emission fleets with its fully integrated, green hydrogen centric solution. We are creating scalable and replicable eco-systems for rapid expansion in attractiv

6. Slide 6: First Hydrogen Business Strategy

   www.firsthydrogen.com www.firsthydrogen.com TSXV: TSXV:FHYD FHYD| |FSE:FIT FSE:FIT| |OTC: OTC:FHYDF FHYDF FIRST HYDROGEN BUSINESS REVENUE PRODUCT DELIVERY ● Vehicle sales via capital sale or ● First Hydrogen is the customer STRATEGY leased interface ● HaaS revenue streams from ● Designed and delivered

7. Slide 7: Progress and Plans - Roadmap

   www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF PROGRESS AND PLANS-ROADMAP FIRST HYDROGEN ROADMAP 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Demonstrators First Gen Next Gen Large Series Automotive Vehicle trials/initial fleets Next Gen Large Series Energy H2 production H2 refuelli

8. Slide 8: Value Chain Plans

   www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF VALUE CHAIN PLANS First Hydrogen‘s value chain provides vehicles and depot, green hydrogen and refueling infrastructure concurrently: Delivering vehicles and green hydrogen to keep our customers moving GREEN POWER GRID TRANSPORT & VEHICLES & ECO

9. Slide 9: Partnership Strategy

   www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF PARTNERSHIP STRATEGY FUEL CELL ENERGY ENGINEERING First Hydrogen is working with strategic partners for revenue generation and product delivery. Revenue Generation First Hydrogen’s product revenue stream includes zero-emission DEVELOPMENT, SIMUL

10. Slide 10: Market Opportunity

    www.firsthydrogen.com TSXV: www.firsthydrogen.com FHYDFHYD TSXV: | FSE:FIT | OTC: | FSE:FIT FHYDF | OTC: FHYDF MARKET OPPORTUNITY 10

11. Slide 11: The Convergence Driven Hydrogen Megatrend

    www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF THE CONVERGENCE DRIVEN HYDROGEN ENERGY MEGATREND INDEPENDENCE ● Global hydrogen generation market is H2 expected to reach US$230.81 billion by ENABLING POLLUTION 2030. TECHNOLOGIES REDUCTION ● Governments and industry are both supporting rapid g

12. Slide 12: Hydrogen Has Global Support

    www.firsthydrogen.com TSXV: www.firsthydrogen.com TSXV: FHYD| FSE:FIT FHYD | FSE:FIT| OTC: | OTC: FHYDF FHYDF HYDROGEN HAS 1 The G7 is Committed to Hydrogen GLOBAL SUPPORT ● ● USA: Inflation Reduction Act EU: Green Deal ● UK: UK Hydrogen Strategy ● Canada: National Hydrogen Strategy ● Japan’s METI: Com

13. Slide 13: First Hydrogen Mobility Offering

    www.firsthydrogen.com TSXV: www.firsthydrogen.com TSXV: FHYD| FSE:FIT FHYD | FSE:FIT| OTC: | OTC: FHYDF FHYDF FIRST HYDROGEN MOBILITY OFFERING 13

14. Slide 14: Demonstrator Program

    www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF DEMONSTRATOR PROGRAM Provides FCEV Proof of Concept for light duty vehicles Successful testing completed April 2023, accumulating 6,000 km Range: 600km to +1,000km Net Fuel Cell Power: 55kW Electric Drive Unit: 100kW Hydrogen Capacity: 100kg Roa

15. Slide 15: First Hydrogen FCEV Vans in 2023

    www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF FIRST HYDROGEN FCEV VANS IN 2023 Commitment from 16 of the largest fleet operators in the UK (Aggregated Hydrogen Freight Consortium) Trials on public roads under real-world conditions started May 2023 2023 Schedule ● Month-long vehicle trials wi

16. Slide 16: Zero Emission Long-Range Light Commercial Vehicle Platform

    www.firsthydrogen.com TSXV: www.firsthydrogen.com TSXV: FHYD| FSE:FIT FHYD | FSE:FIT| OTC: | OTC: FHYDF FHYDF ZERO EMISSION LONG-RANGE LIGHT First Hydrogen’s next-generation vehicle is fully leveraging the COMMERCIAL VEHICLE PLATFORM potential of hydrogen and fuel cell technology with modular EV capab

17. Slide 17: Mobility – Next Generation Platform

    www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF MOBILITY – NEXT GENERATION PLATFORM 17

18. Slide 18: First Hydrogen Green Hydrogen

    www.firsthydrogen.com TSXV: www.firsthydrogen.com TSXV: FHYD| FSE:FIT FHYD | FSE:FIT| OTC: | OTC: FHYDF FHYDF FIRST HYDROGEN GREEN HYDROGEN 18

19. Slide 19: Green Hydrogen Plans

    www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF GREEN HYDROGEN PLANS Our asset-light vehicle and energy storage assembly would produce up to 25K vehicles per year ● Aggregate demand from fleet activities ● Sourced or self-generated green hydrogen based on regional economics and/or local market

20. Slide 20: Quebec: La Belle Province

    www.firsthydrogen.com www.firsthydrogen.com TSXV: TSXV:FHYD FHYD| FSE:FIT | FSE:FIT| OTC: FHYDF | OTC: FHYDF QUEBEC: La Belle Province First Hydrogen Plans Strong vision and strategy for energy transition – with plans for a green economy ● Purchase of two plots of land in the City of Shawinigan for Gr

21. Slide 21: Hydrogen-as-a-Service

    www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF HYDROGEN-AS-A-SERVICE Our direct to consumer solutions enable complete lifecycle mobility monetization: ● Green hydrogen supply and delivery ● Highly profitable - Total Cost of Ownership (TCO) value proposition results in greater customer loyalty

22. Slide 22: First Hydrogen Power Train

    www.firsthydrogen.com www.firsthydrogen.com TSXV: TSXV:FHYD FHYD| FSE:FIT | FSE:FIT| OTC: FHYDF | OTC: FHYDF FIRST HYDROGEN POWER TRAIN 22

23. Slide 23: Powertrain Plan

    www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF TARGET APPLICATIONS POWERTRAIN PLAN 1 2 3 ● First Hydrogen is aiming for technology leadership and near-term market adoption ~$1.4 Billion fuel cell Recreational boat market ~$2.5 Billion market by 2030 ● Establish Powertrain Centre of +$16 Bill

24. Slide 24: Powertrain Plan

    www.firsthydrogen.com TSXV: FHYD | FSE:FIT | OTC: FHYDF POWERTRAIN PLAN Leverage our fuel cell FUEL CELL SYSTEM powertrains to service adjacent markets, for short term revenue and tech proof points $ Strong cost synergies derived from cumulative + - powertrain and van production volumes Channels to m

25. Slide 25: Contact

    CONTACT BALRAJ MANN, GROUP CEO PHONE +1 604 601 2018 EMAIL balraj.mann@firsthydrogen.com WEB firsthydrogen.com 25

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