Airjoule Technologies Corporation · NASDAQ:AIRJ
Airjoule Technologies — Investor Presentation (November 2024)
29 slides from Airjoule Technologies's investor presentation, November 2024
Slide 1: Sustainably Meeting the Challenges of Water Security and Comfort Cooling
SUSTAINABLY MEETING THE CHALLENGES OF WATER SECURITY AND COMFORT COOLING Nasdaq: AIRJ https://airjouletech.com
Slide 2: Disclaimers
DISCLAIMERS Forward Looking Statements The information in this presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of
Slide 3: AirJoule Technologies – Company Leadership
AIRJOULE TECHNOLOGIES – COMPANY LEADERSHIP EXPERIENCED TEAM WITH A STRONG TRACK RECORD Matt Jore Pat Eilers Stephen Chad Bryan Founder & Executive Pang MacDonald Barton CEO Chairman CFO CLO CCO • Over 30 years of • Founder & Managing • Over 20 years of capital • Former Senior Vice ▪ Technology and e
Slide 4: Company Overview
COMPANY OVERVIEW AIRJOULE TECHNOLOGIES IS A WATER HARVESTING TECHNOLOGY COMPANY Company Overview Recent Developments Name (Ticker) AirJoule Technologies Corporation (NASDAQ:AIRJ) ▪ Q3 2024: Established first international office in the United Arab Emirates Year Founded 2019 ▪ Q3 2024: Announced MOUs
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS TRANSFORMATIONAL TECHNOLOGY: AirJoule Low Cost of Energy and Water ~$450 BILLION ADDRESSABLE MARKET: Water Harvesting and Air Conditioning GLOBAL PARTNERSHIPS IN PLACE: CAPITAL EFFICIENT BUSINESS MODEL: Key Components “AirJoule Inside” AirJoule Technologies | November 2024 Slid
Slide 6: Solving Demand for Water Security and Air Conditioning
SOLVING DEMAND FOR WATER SECURITY AND AIR CONDITIONING AIRJOULE ® ADDRESSES TWO OF THE WORLD’S MOST PROBLEMATIC ISSUES: WATER SECURITY AND AIR CONDITIONING Water Security(1) Demand for Air Conditioning (2) Where Water Stress is Expected to Be Highest by 2040 AirJoule® technology has the potential to
Slide 7: The Technology Breakthrough
THE TECHNOLOGY BREAKTHROUGH AIRJOULE® ENABLES COMMERCIALIZATION OF MOFs MOF Technology Highlights MOF-Coated Contactor Design MOFs are highly adsorbent coatings, engineered to capture specific ▪ Proprietary cross-linked molecules (in this case, water vapor) MOF coating reliably adheres to aluminum ▪
Slide 8: The AirJoule Process
THE AIRJOULE® PROCESS AirJoule® Process Description AirJoule® Process Diagram Fans push air through MOF-coated contactor and POWER 1 water is adsorbed 5 DRY AIR Once MOF is saturated, doors close and chamber 2 goes under vacuum 1 HUMID AIR 3 3 Under vacuum, water vapor is released 2 Going through co
Slide 9: The AirJoule Technology Fundamentals
THE AIRJOULE® TECHNOLOGY FUNDAMENTALS AIRJOULE® TECHNOLOGY INCORPORATES MOF AND OTHER PROPRIETARY AIRJOULE TECHNOLOGIES COMPONENTS Key Components Pre-Production Prototype VACUUM SWING COMPRESSOR ▪ Critical for maintaining vacuum operation 1 ▪ Utilizes majority of total AirJoule® power consumption 1
Slide 10: AirJoule Technology Has Multiple Use Cases
AIRJOULE® TECHNOLOGY HAS MULTIPLE USE CASES TRANSFORMATIONAL MOISTURE REMOVAL EFFICIENCY UNLOCKS ARRAY OF SOLUTIONS Humid Air Distilled Water Dehumidified Air Water Production Dehumidification Atmospheric Water Water Recycling Moisture Control HVAC Harvesting Produces up to 1,000 Recovers water vapo
Slide 11: Unlocking Vast Market Opportunities
UNLOCKING VAST MARKET OPPORTUNITIES AIRJOULE® IS ON TRACK TO ACHIEVE SUB-200 WATT-HOURS PER LITER OF WATER EXTRACTION > 1,300 Watt-hours (energy required) Wh/L Efficiency = Liter (water extraction) AirJoule®’s revolutionary Energy Use Decreasing Watt-hours per Liter (Wh/L) vacuum swing sorption proc
Slide 12: AirJoule Product Applications
AIRJOULE® PRODUCT APPLICATIONS TRANSFORMATIONAL MOISTURE REMOVAL EFFICIENCY UNLOCKS ARRAY OF SOLUTIONS Atmospheric Water Water Recycling Moisture Control HVAC Harvesting Data Centers Heavy Industry Carbon Capture Commercial Military / Food & Beverage Food & Beverage Data Centers Humanitarian Electro
Slide 13: Commercial Development Activity
COMMERCIAL DEVELOPMENT ACTIVITY DEVELOPING STRONG CUSTOMER ENGAGEMENT WITH PATH TO MARKET ADOPTION AND COMMERCIAL SALES Customer Q1’24 Q2’24 Q3’24 Tier 1 Food & Industrial water Beverage Data Gathering recapture Manufacturer (USA) Tier 1 Food & Industrial Beverage White Paper Analysis dehumidificati
Slide 14: Defined Pathway to Commercialization
DEFINED PATHWAY TO COMMERCIALIZATION CUSTOMER DEMAND AND GLOBAL PARTNERSHIPS ENABLE COMMERCIALIZATION Pathway to Commercialization PROTOTYPES PRE-PRODUCTION UNITS(1) FINAL PRODUCTS(1) Current 2025 Carrier system with “AirJoule® Inside” 1,000 LPD capacity for atmospheric water harvesting and industri
Slide 15: Key Milestones and Progress
KEY MILESTONES AND PROGRESS Timeline of Accomplishments to Date and Anticipated Milestones Productization AirJoule Agreement with Customer Delivery of Pre- Production and Scaling Commercial PNNL Discovery Technologies IP GE Vernova and Validation of production Prototype MOF Sales Portfolio Carrier M
Slide 16: AirJoule Global Commercialization Ecosystem
AIRJOULE® GLOBAL COMMERCIALIZATION ECOSYSTEM SUPPLIERS COMMERCIALIZATION JVs APPLICATIONS CUSTOMERS MOF Supply Global MOF Supplier Agreement Atmospheric Water Industrial Harvesting AirJoule® Finished Units IP AirJoule JVs AirJoule JV Dehumidification Technologies Capital ($) AirJoule® Finished Units
Slide 17: Financial Results (Unaudited)
FINANCIAL RESULTS (UNAUDITED) $ in millions Q1 2024(1) Q2 2024 Q3 2024 AIRJ Operating expenses, gross $(1.7) $(4.3) $(4.3) • Gross operating expenses in line with prior SOW expense reduction - - 2.0) quarter DeSPAC transaction expenses (54.7) - - • Net operating expenses of $2.4 million Operating pr
Slide 18: Appendix A. Technology
APPENDIX A. TECHNOLOGY Appendix A. Technology AirJoule Technologies | November 2024 Slide 18
Slide 19: Intellectual Property / Patents
INTELLECTUAL PROPERTY / PATENTS AIRJOULE TECHNOLOGIES HOLDS FOUNDATIONAL PATENTS RELATED TO ATMOSPHERIC LATENT ENERGY AND WATER HARVESTING, UNIQUELY POSITIONING THE COMPANY IN THE RAPIDLY DEVELOPING ATMOSPHERIC WATER HARVESTING SECTOR Patent Highlights AirJoule® Patents In Q1 2021, the Company obtai
Slide 20: AirJoule Comparative Analysis
AIRJOULE® COMPARATIVE ANALYSIS AIRJOULE® PROVIDES TRANSFORMATIONAL MOISTURE REMOVAL EFFICIENCY FOR ATMOSPHERIC WATER HARVESTING, DEHUMIDIFICATION, AND HVAC, AS COMPARED TO OTHER TECHNOLOGIES, OLD AND NEW Existing Atmospheric Existing State-of-the-Art Conventional Water Harvesting Dehumidification HV
Slide 21: Atmospheric Moisture Is a Challenge and Opportunity
ATMOSPHERIC MOISTURE IS A CHALLENGE AND OPPORTUNITY AIRJOULE®’S TECHNOLOGY HARVESTS PURE DISTILLED WATER FROM AIR Key Challenges and Opportunities in HVAC Illustrative Traditional Air Conditioning Concept Conventional air conditioning requires significant energy and Hot / Humid Air Conditioned Air e
Slide 22: Appendix B. Total Addressable Market
APPENDIX A. TECHNOLOGY Appendix B. Total Addressable Market AirJoule Technologies | November 2024 Slide 22
Slide 23: HVAC Growth and Electricity Demand
HVAC GROWTH AND ELECTRICITY DEMAND HVAC REPRESENTS A SIGNIFICANT DRIVER OF ELECTRICITY DEMAND GROWTH AS GLOBAL TEMPERATURES CONTINUE TO RISE AT AN ACCELERATED RATE Key Trends in Electricity Demand from HVAC HVAC accounts for about 10% electricity HVAC will be a key driver of electricity HVAC will dr
Slide 24: HVAC Total Addressable Market
HVAC TOTAL ADDRESSABLE MARKET ("TAM") THE HVAC MARKET IS EXPECTED TO GROW SIGNIFICANTLY, IN LINE WITH RISING DEMAND FOR COST-EFFECTIVE AND ENERGY-EFFICIENT TECHNOLOGIES Commentary Global Annual Market Size ($Bn)(1) Global market projected to grow at a 5.27% CAGR from 2023-2032(1) ▪ Market growth is
Slide 25: Atmospheric Water Harvesting TAM
ATMOSPHERIC WATER HARVESTING (“AWH) TAM THE AWH MARKET IS EXPECTED TO EXPERIENCE MASSIVE GROWTH; THE GLOBAL MARKET FOR WATER WILL RISE AS WATER SCARCITY PRESSURES MOUNT IN TANDEM WITH A GROWING POPULATION Commentary Annual Cost Until 2030 to Address Water Scarcity ($Bn)(1) Water scarcity drives need
Slide 26: Water Use in Data Centers Is Growing
WATER USE IN DATA CENTERS IS GROWING DEPLOYMENT OF AIRJOULE® IN DATA CENTERS CAN REDUCE STRESS ON MUNICIPAL WATER SYSTEMS Data Center Water Usage Large Tech Water Consumption (million m3/yr)(3)(4) Data centers use large quantities of water for their cooling systems, including cooling towers, chiller
Slide 27: HVAC & Water Regulatory Tailwinds
HVAC & WATER REGULATORY TAILWINDS AIRJOULE TECHNOLOGIES IS WELL-POSITIONED TO BENEFIT FROM ACCELERATED PHASE-OUT OF REFRIGERANTS, INCREASING RESTRICTIONS ON WATER USAGE, AND TAX CREDITS FOR ENERGY EFFICIENCY Phase-Out of Refrigerants for HVAC Restrictions on Water Usage Energy Efficiency Tax Credits
Slide 28: Appendix C. Board of Directors
APPENDIX A. TECHNOLOGY Appendix C. Board of Directors AirJoule Technologies | November 2024 Slide 28
Slide 29: AirJoule Technologies – Board of Directors
AIRJOULE TECHNOLOGIES – BOARD OF DIRECTORS ACCOMPLISHED BOARD WITH DIVERSE AREAS OF EXPERTISE Pat Eilers, Ajay Agrawal Max Baucus Paul Dabbar Executive Chairman Chief Strategy Officer Former US Senator & Co-founder & CEO Founder & Managing Partner Carrier Global Corporation Ambassador to China Bohr
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