Nabors Energy Transition Corp. II
Nabors Energy Transition Corp. II — SPAC Merger (February 2025)
48 slides from Nabors Energy Transition Corp. II's SPAC merger presentation, Feb 12, 2025
Slide 1: e2's Strategic Business Combination with Nabors Energy Transition Corp. II
e2’s Strategic Business Combination with Nabors Energy Transition Corp. II
Slide 2: Disclaimers & Disclosures (1/2)
Disclaimers & Disclosures (1/2)
Slide 3: Disclaimers & Disclosures (2/2)
Disclaimers & Disclosures (2/2)
Slide 4: Table of Contents
TABLE OF CONTENTS Executive Summary Sector Challenges The Opportunity Collaboration with Nabors Appendix
Slide 5: Executive Summary
Executive Summary • • • e2 is a State-of-the-Art Solution • • Investment Opportunity • • • • Sector Challenges • • • Market Opportunity • • • Nabors Partnership
Slide 6: e2's Highly Experienced Management and Nabors Partnership
e2’s Highly Experienced Management and Nabors Partnership • • • • • • • • • • • • • • • • • • • •
Slide 7: e2Companies is the creator of the industry's first Virtual Utility
e2Companies® is the creator of the industry’s first Virtual Utility® and a leading provider of integrated solutions for power generation, distribution and energy economics. Its mission is to design solutions that deliver seamless resiliency and unprecedented value for its customers. e2 has over 90 m
Slide 8: e2 Customers and Strategic Partnerships
e2 Customers and Strategic Partnerships
Slide 9: e2 Continues to Demonstrate Sustained Growth
e2 Continues to Demonstrate Sustained Growth Customer Backlog and Pipeline(3): • ~ •
Slide 10: e2's History of Innovation & Project Development
e2’s History of Innovation & Project Development
Slide 11: The Electric Transformation
THE ELECTRIC GRID WAS ORIGINALLY INVENTED IN 1882(1) . THE BASIC DESIGN HAS LARGELY GONE UNCHANGED, AND OVER 70%(2) OF THE INFRASTRUCTURE IN THE U.S. HAS PASSED ITS LIFE EXPECTANCY. The Electric Transformation ELECTRICITY DEMAND IS OUTPACING SUPPLY, AND DATA CENTERS ARE EXPECTED TO DOUBLE THEIR GLOB
Slide 12: Grid Instability Requires a Real Solution
Grid Instability Requires a Real Solution • • • • • • • An Increased Focus on AI Technology Will Exacerbate Grid Constraints
Slide 13: New Grid Interconnections Take Up to Years
New Grid Interconnections Take Up to 7 years
Slide 14: The Fully Integrated Solution: Seamless Resiliency
Hydrogen Natural Gas Wind The Fully Integrated Solution: Seamless Resiliency Re-visioned Reliability AI Grid Optimization Path to Net Zero Solar Bio-fuels and Synthetic Fuels Nuclear Geothermal
Slide 15: Distributed, Redundant, Dynamic, Multi-Dimensional
Distributed Redundant Distributed More Dynamic Multi-Dimensional
Slide 16: Virtual Utility - Instantaneous Response for Flexible and Reliable Power
Virtual Utility® - Instantaneous Response for Flexible and Reliable Power • • ® • • • ® with Tri-Fuel Turbines
Slide 17: AI-Based Grid Response Optimization and Turnkey Power Solution
AI-Based Grid Response Optimization for all Distributed Assets Turnkey Product Solution for Uninterruptible Power HARDWARE SOFTWARE Integrated Hardware and AI-Powered Software to Accelerate the Transition
Slide 18: U.S. Patent 11,283,290 B2
U.S. PATENT 11,283,290 B2 • • •
Slide 19: AI-Powered Platform
AI-Powered Platform e2 has over 90 million hours of grid monitoring data and counting
Slide 20: Advantages of the R3Di System
▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ Power Conditioning Lower Emissions Revenue Generation Enhanced Safety Advantages of the R3Di® System
Slide 21: e2's Virtual Utility is Delivering Desperately Needed Power Solutions
e2’s Virtual Utility® is Delivering Desperately Needed Power Solutions 1 2 3 4 5
Slide 22: e2 is a State-of-the-Art Choice for Mission Critical Facilities
e2 is a State-of-the-Art Choice for Mission Critical Facilities Industry participants play the role of grid assurance with Virtual Utility®, allowing for usage of renewables without intermittent power loss or production worries. e2 Headquarters during Hurricane Ian powered by R3Di®, Sept. 28, 2022 •
Slide 23: e2 Delivers Continuous Power Conditioning and Uninterruptable Supply
Power Quality from Public Utility Power Quality from e2’s patented R3Di® system provides grid-healing technology, delivering seamless power quality for customers across a wide range of industries. 1MW on Utility Loss of Utility 1MW on Generator Utility Restored 1MW on Utility 1:16 0:50 2 e2 Delivers
Slide 24: e2 Saves Customers Money Through Peak Shaving and Demand Response
e2 Saves Customers Money Through Peak Shaving and Demand Response • • • • • • 3
Slide 25: e2 Provides a Solution for Next-Gen. AI Chips
e2 Provides a State-of-the-Art Solution for Next-Gen. AI Chips • • • 4
Slide 26: e2 Supports Integration of Renewable Power
e2 Supports Integration of Renewable Power • • • • 5
Slide 27: e2's Business Model and Unit Economics
e2’s Business Model and Unit Economics ~ • • • • • • Mission Critical • • • • • Commercial & Industrial • • • • • Residential • • • Customer Verticals
Slide 28: $17bn+ Customer Backlog and Pipeline
$17bn+ Customer Backlog and Pipeline There are 4 stages of qualification in e2’s deal pipeline (CRM) based on timing and sales progress. Qualified Lead 01 02 03 04 Quote Sent LOI Signed Contract Signed e2 Customer (Contract) Key Metrics Evaluated: Quantity (Volume) • • • Quality • • • Velocity • •
Slide 29: Illustrative OEM Unit Economics
Illustrative OEM Unit Economics
Slide 30: Transaction Summary
Transaction Summary Transaction Assumptions + Private Placement financing and a \ /— x business combination to close Sources (Smm) Uses (Smm) simultaneously $500 NETD Shares to e2 Equity Holders $500 Acquisition of e2 Equity 342 NETD Cash in Trust 377 Cash to Blance Sheet * Transaction share price o
Slide 31: Pro Forma Ownership
Pro Forma Ownership xs Forma Shares Oustanding 88 (mm) e2 Equity Holders (XJ Transaction Price” $11.22 NETD Public Pro Forma Equity Shareholders Value $993 EH 8 G (Smm) (+) Pro Forma Cash (400) Haat Private (+) Pro Forma Debt 179 Hi Sponsor Shares Pro Forma Enterprise Value $772 a aif Note: Assumes
Slide 32: Collaboration with Nabors
ae QW) NABORS (@2comparies Collaboration with Nabors
Slide 33: Oil & Gas Operators are Committed to Electrification
Oil & Gas Operators are Committed to Electrification
Slide 34: What Does Nabors Bring?
What Does Nabors Bring? A New Market Manufacturing and R&D A Committed Customer Nabors’ global oilfield operations e2 can leverage Nabors’ extensive provide a new customer base for e2 manufacturing and engineering to market their product capabilities Nabors plans to integrate e2’s products into its
Slide 35: Synergy Potential on a Global Scale
Synergy Potential on a Global Scale ▪ ▪ ▪ ▪
Slide 36: Strategic Fit and Synergies
Strategic Fit and Synergies Operational Corporate Services
Slide 37: First Announcement – Dec. 2024
First Announcement – Dec. 2024
Slide 38: Appendix
Preliminary: Subject to Further Review and Due Diligence Appendix
Slide 39: Virtual Utility to Meet Electrification Needs
Virtual Utility® to Meet Electrification Needs Benefits Benefits and Considerations of e2 Virtual Utility® Considerations Features of Virtual Utility® Microgrid Installations Across the U.S.(1)
Slide 40: Grove365 - Custom Grid Software
Grove365® - Custom Grid Software Grove365® Grove365® 90,000,000 monitoring hours 490 assets 165 locations
Slide 41: e2 Delivers Where Others Cannot
e2 Delivers Where Others Cannot Features & Capabilities
Slide 42: Historical Financials and Sales Backlog & Pipeline
Preliminary: Subject to Further Review and Due Diligence Historical Financials and Sales Backlog & Pipeline Customer Deal Stage MW Revenue Contract Type Customer 1 Lead Qualified 300 $750,000,000 OEM Customer 2 Lead Qualified 10 25,000,000 OEM Customer 3 Lead Qualified 5 12,500,000 OEM Customer 4 Le
Slide 43: What is Needed to Accelerate Energy Transition?
What is Needed to Accelerate Energy Transition? Physical Building Blocks Economic and Societal Adjustments Governance, Institutions, and Commitments • • • • • • • • • • • • • • In the United States, specifically Globally
Slide 44: e2's Solution for Data Center and Decarbonization Needs
e2’s Solution for Data Center and Decarbonization Needs ▪ ® ▪ ▪
Slide 45: ISO & UL Certifications
ISO & UL Certifications Development and Implementation In Progress ISO 14001-2015 Certified ISO 26000-2010 Compliant(1) The R3Di® is ETL CERTIFIED TO UL 9540
Slide 46: G.A. Wintzer & Son, Wapakoneta OH
G.A. Wintzer & Son Wapakoneta OH
Slide 47: Summary of Risk Factors
Summary of Risk Factors 1 The loss of any of e2’s key customers could reduce its revenues and profitability 2. The success of e2’s business will be highly dependent on its ability to convert contracted revenues reflected by its project backlog and its project pipeline of potential revenue from new o
Slide 48: Summary of Risk Factors (cont'd)
Summary of Risk Factors (cont’d)
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