Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Investor Presentation (March 2018)
26 slides from Ocean Power Technologies's investor presentation, Mar 16, 2018
Slide 1: Ocean Power Technologies, Inc. Investor Presentation
Ocean Power Technologies, Inc. Investor Presentation = March 2018 OPT OCEAN POWER TECHNOLOGIES
Slide 2: Forward Looking Statements
INVESTOR PRESENTATION MARCH | 2018 Forward Looking Statements In addi harbor provisions of the Private Secur formation, this presentation contains forward-looking statements that are within the safe igation Reform Act of 1995. Forward-looking statements are identified “will likely result", "believe"
Slide 3: About Ocean Power Technologies
INVESTOR PRESENTATION MARCH | 2018 About Ocean Power Technologies
Slide 4: Ocean Power Technologies
INVESTOR PRESENTATION MARCH | 2018 Ocean Power Technologies ° NASDAQ: OPTT * Patented proprietary technology with a total of 63 patents ° Approximately 30 employees with an engineering team of nearly 20 members including masters and PhD levels ° Market Cap: $20M © TTM Revenue: $539,000 * Cash: $14.4
Slide 5: Investment Thesis
INVESTOR PRESENTATION MARCH | 2018 Investment Thesis * Innovative commercial product Strong intellectual property portfolio ¢ Total addressable market: $8.5B * Attractive end markets: oil & gas, ocean observing, defense & security, communications * Experienced and disciplined management
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 satel
Slide 7: Fiscal Third Quarter Highlights
INVESTOR PRESENTATION MARCH | 2018 Fiscal Third Quarter Highlights © Signed Premier Oil agreement: opportunity to expand technology to decommissioning operations and presence in the North Sea ¢ Added senior leadership: Chris Phebus, VP of Engineering, with background at GE Subsea Product & Projects
Slide 8: Our Technology
Our Technology r
Slide 9: Our Technology
INVESTOR PRESENTATION MARCH | 2018 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
Slide 10: How Our Technology Works
ee How Our Technology Works * Unique, unprecedented, patent-protected approach to power generation 10Ft. Floating system, anchored to sea floor down to above waterline 3,000 meters * Float moves vertically, independent of the spar, in response to wave motion ° Heave plate and spar remain motionless
Slide 11: Strategic Position
Strategic Position ry &.
Slide 12: Capitalizing on an $8.5B Addressable Market
INVESTOR PRESENTATION ae? Capitalizing on an $8.5B Addressable Market Communications P Wi-Fi and cellular Oil & Gas Ocean Obsesing + $0.58 market + 10,000+ offshore oil + Data collection and & gas sites communication * $2.5B market + $2.0B market OPT Targeting 10-20% of Each Market over Medium Term
Slide 13: 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 Charging stations for subsea drones (AUVs) Equipment monitoring and control Co
Slide 14: End Markets: Defense & Security
End Markets: Defense & Security Key drivers Detection and early warning systems require consistent power and real- = : : s s Siew time communications Penne rouse, High Bandwidth Comms Remote sensing stations for 20 Wont Powersporage a = intrusion Detection/Alert maritime security MetOcean Sensing Ap
Slide 15: 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 OGEAN
Slide 16: End Markets: Ocean Observing
End Markets: Ocean Observing * Key drivers a * 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 change Ocea
Slide 17: Our Financials
A Our Financials v—) é v7
Slide 18: Financial Profile
INVESTOR PRESENTATION MARCH | 2018 Financial Profile Selected Financial Informat Capital Structure Balance Sheet (unaudited) 1/31/18 Total shares outstanding “) 18,350,927 Total current assets $15,895 % owned by directors & officers ~1% Property & equipment, net 657 Warrants outstanding 324,452 Othe
Slide 19: Our Strategy
Our Strategy A
Slide 20: Product & Technology Roadmap
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 PB15-Gen1 * PB3-Gen 2 full commercial status achieved generation
Slide 21: Implementation Strategy: Proven & Underway
INVESTOR PRESENTATION MARCH | 2018 Implementation Strategy: Proven & Underway Proven Technology and Validation 4 2018-19E + Expand marketing, business development footprint across multiple A Bal geographies * Secure multiple customer * Unit validation in factory demonstration projects ‘SB TueeT whic
Slide 22: Experienced, Disciplined Management Team
INVESTOR PRESENTATION MARCH | 2018 Experienced, Disciplined Management Team Executive Title Selected Experience George H. Kirby Chief Executive Officer @ SAIC amse, Matthew T. Shafer Chief Financial Officer Amey, tyco Catalent Wyaiiaxs GE Energy Christopher Phebus VP. of Engineering GEO8G GE Aviatio
Slide 23: Investment Thesis
INVESTOR PRESENTATION MARCH | 2018 Investment Thesis * Innovative commercial product Strong intellectual property portfolio ¢ Total addressable market: $8.5B * Attractive end markets: oil & gas, ocean observing, defense & security, communications * Experienced and disciplined management
Slide 24: Thank You
INVESTOR PR MARCH | Thank You Matthew Shafer Chief Financial Officer & Treasurer mshafer@oceanpowertech.com (609) 730-0400 ext. 224 Steve Calk & Jackie Marcus Investor Relations OPTT@alpha-ir.com (312) 445-2870
Slide 25: Appendix
Appendix FN a
Slide 26: Office of Naval Research Program Details
INVESTOR PRESENTATION MARCH | 2018 Office of Naval Research Program Details Temi aes cmap cna eateries Contract Mumbor:NoCO1416C-3047 Endngen: Desorber 15,2017 Iiesene (ena ot acne i oom ety enon Seo“ Siamdemcranne MOREY = setts Shea Sera Simpesaste ne = ‘Prong ard Sh cates ‘SEnmandoceaponenech
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