T1 Energy Inc. · NYSE:TE
T1 Energy — FREYR Battery — Q1 2022 Earnings Presentation
14 slides from T1 Energy's earnings presentation, May 11, 2022
Slide 1: FREYR 1Q 2022 Earnings Call
May 11, 2022 FREYR 1Q 2022 Earnings Call
Slide 2: Important notices: Forward looking statements
2 Important notices Forward looking statements All statements, other than statements of present or historical fact included in this presentation, including, without limitation, regarding FREYR's anticipated path to commercialization; the development, timeline, capacity and other usefulness of FREYR’
Slide 3: Today's Agenda
• Key takeaways • Commercial developments • Market developments • FREYR’s augmented value proposition • Operations and supply chain update • Financial overview • Strategic priorities • Q&A 3 Today’s Agenda
Slide 4: Key Takeaways for 1Q 2022
Key Takeaways for 1Q 2022 Strong momentum on key commercial, operational and financial objectives Signed Conditional Offtake Agreements (COAs) Exceed 100 GWh through 2030: » Recently signed COAs with Powin Energy and two leading ESS players for more than 50 GWh from 2024 - 2030 » Five COAs signed to
Slide 5: Accelerating Commercial Traction
5 Accelerating Commercial Traction Recent wins augmented by expanding pipeline of opportunities Multiple commercial discussions ongoing across all market verticals >200 GWh per year of potential demand by 2030 To unlock FIDs for potential future Gigafactories globally Several conditional offtake agr
Slide 6: Major Commercial Wins
Major Commercial Wins Three COAs signed with prominent ESS players in recent weeks 6 Powin LLC • 28.5 GWh from 2024 - 2030 • Powin is a leading U.S. based battery energy storage solutions provider • Powin offers integrated hardware and software configurations at utility scale across several use case
Slide 7: Market Developments Aligning with FREYR's Strategy
Market Developments Aligning with FREYR’s Strategy Geostrategic considerations and raw materials constraints underscore potential value of developing localized battery supply chains “. . . the DPA will be authorized to support the production and processing of minerals and materials used for large ca
Slide 8: FREYR's Augmented Value Proposition
FREYR’s Augmented Value Proposition Evolving our strategy to maximize sustainable value creation Cell Manufacturing Battery Value Chain Pack/Module Integration Cell Recycling Processing & Refining Mining Targeted Businesses Joint Development Opportunities SemiSolid TM Technology Spectrum Conventiona
Slide 9: Operations Update
9 Operations Update CQP and combined Gigafactory 1&2 development progressing steadily Activity ramping up in Mo i Rana Construction of CQP and pre - construction work on Gigafactory 1&2 Despite Covid and supply chain distortions, FREYR’s teams are executing to plan Progressing towards CQP factory ac
Slide 10: Establishing FREYR's Supply Chain
10 Establishing FREYR’s Supply Chain Finalizing raw materials sourcing and initiating localization strategy Key raw materials capacity largely secured – pricing terms to be negotiated Business plan development underway to support FID on proposed joint venture LFP cathode plant with Aleees in Nordic
Slide 11: Financing Our Growth
11 Financing Our Growth Advancing several initiatives to support capital formation Government Support • Engaged with government entities in Norway, U.S. and EU to explore funding mechanisms • Establishing local battery value chains has become an elevated national security priority • Grants, bridge l
Slide 12: Financial Update
12 Financial Update Focused on securing financing to fund FREYR’s planned capacity expansion FREYR 4Q – 1Q Cash Bridge Strong Liquidity and Balance Sheet Ended 1Q 2022 with $525 million of cash, cash equivalents and restricted cash Financial Outlook Cash burn rate will increase modestly in 2Q with r
Slide 13: Delivering on our Strategy
Delivering on our Strategy Key near - term objectives tied to Speed, Scale and Sustainability 13 Capital formation plan accelerating on multiple paths Intention to prioritize speed and optimize cost of capital Secure Norwegian, EU & U.S. governmental support across capital structure Releasing additi
Slide 14: Q&A
Q&A