Babcock & Wilcox Enterprises, Inc. · NYSE:BW
Babcock & Wilcox Enterprises — Investor Presentation (November 2023)
16 slides from Babcock & Wilcox Enterprises's investor presentation, November 2023
Slide 1: BrightLoop November 2023
BRIG H T L O O NOVEMBER 2023 P ™ © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved.
Slide 2: Safe Harbor Statement
S A F E H A R B O R S TAT E M E N T B&W Enterprises cautions that this presentation contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical or current fact included in this presentation are forward-looking statements, incl
Slide 3: BrightLoop supports global 2050 climate goals
B R I G H T L O O P ™ - B & W ’ S I N N O V AT I V E H Y D R O G E N G E N E R AT I O N T E C H N O L O G Y S U P P O R T S G L O B A L 2 0 5 0 C L I M AT E G O A L S P R I M A R Y H Y D R O G E N ( H 2) P R O D U C T I O N M E T H O D S T O D AY: • Steam Methane Reforming: natural gas converted to
Slide 4: Incentives Driving Hydrogen Market
INCENTIVES DRIVING HYDROGEN MARKET United States Incentives – Inflation Reduction Act New 10-year incentive for clean hydrogen production with four tiers and a maximum of Clean Hydrogen Production Tax Credit (PTC) 45V 4 kilograms of CO2 equivalent per kilogram of hydrogen Increases the tax credits,
Slide 5: BrightLoop Hydrogen Production
BRIGHTLOOP™ HYDROGEN PRODUCTION FEEDSTOCK OPTIONS OUTPUT OPTIONS SIGNIFICANT ADVANTAGES: Nitrogen BIOMASS for Beneficial Use • Hydrogen from solid fuels – can utilize a variety of solid or gaseous fuels as feedstock HYDROGEN • High rate of carbon captured – inherent CO2 isolation supports sequestrat
Slide 6: BrightLoop Chemical Looping Overview
BRIGHTLOOP™ CHEMICAL LOOPING OVERVIEW CO2 + H2O Patented iron oxide particle – Fuel reactor – moving bed design CONCENTRATED oxidation state of particle is controlled that allows full reaction of particle NITROGEN FUEL through chemical reactions as it to achieve FeO state of the particle REACTOR mov
Slide 7: BrightLoop Ideal for Wide Range of Applications
BRIGHTLOOP IDEAL FOR W I D E R A N G E O F A P P L I C AT I O N S C R E AT E S H Y D R O G E N W I T H O U T I N C I N E R AT I O N O R G A S I F I C AT I O N SMALL SCALE MEDIUM SCALE LARGE SCALE 1-3 tonnes per day of H2 10-50 tonnes per day of 100-250 tonnes per day for industry, industrial H2 for
Slide 8: Global Opportunities for Low Carbon Intensity Hydrogen
GLOBAL OPPORTUNITIES FOR LOW CARBON INTENSITY HYDROGEN B R I G H T LO O P ™ P I P E L I N E – G R E AT E R T H A N $ 1 B I L L I O N SMALL SCALE 1-3 tonnes per day of H2 Disclaimer: B&W Enterprises cautions not to place undue MEDIUM SCALE reliance on any forward-looking statements, which speak only
Slide 9: Leveraging Decades of Funding Awards and Investments
L E V E R A G I N G D E C A D E S O F F U N D I N G A WA R D S AND INVESTMENTS CONTINUE TO SCALE THIS INDUSTRY – CHANGING TECHNOLOGY COAL DIRECT CHEMICAL LOOPING (CDCL) NATIONAL CARBON CAPTURE CENTER (NCCC) 2,000 50 OPERATING HOURS STARTUP / SHUTDOWNS 1,000 20 OPERATING HOURS STARTUP / SHUTDOWNS 200
Slide 10: BrightLoop Hydrogen Production Progress
BRIGHTLOOP™ HYDROGEN PRODUCTION PROGRESS BRIGHTLOOP™ EVOLUTION 1994-2004 2008 2014 2017 2024 2026 2028 Laboratory Scale Sub-Pilot with Steam & Hydrogen Coal Direct SMALL SCALE MEDIUM SCALE LARGE SCALE The Ohio State University Chemical Looping and B&W National Carbon Capture 1-3 Tonnes Per Day 10-50
Slide 11: Project – Massillon, OH
PROJECT – MASSILLON, OH REVENUE OUTPUTS H2 from Natural Gas ~1-3 tonnes/day Industrial and/or H2 production use transportation PROJECT DEVELOPMENT PLAN – APPROXIMATE TIMELINE Off-take agreement finalized 4Q 2023 Funding Commitment 4Q 2023 Permits issued 1Q 2024 Target first H2 production 4Q 2024 © 2
Slide 12: Project – Gillette, WY
PROJECT – GILLETTE, WY REVENUE OUTPUTS Project Renderings H2 from Powder River ~10-15 tonnes/day Basin Coal Power generation H2 production use and/or transportation PROJECT DEVELOPMENT PLAN – APPROXIMATE TIMELINE Permits issued 2Q/3Q 2024 Target first H2 production 3Q/4Q 2026 Follow-on >100 tonnes/d
Slide 13: Project – Baton Rouge, LA
P R O J E C T – B AT O N R O U G E , L A REVENUE OUTPUTS H2 from biomass to produce ~10-15 tonnes/day carbon negative H2 H2 production use Industrial PROJECT DEVELOPMENT PLAN TARGET DATES Land lease, feedstock and off- take agreements in progress 4Q 2023 – 1Q 2024 with completion Permits issued Q2/Q
Slide 14: Aftermarket Potential for B&W
AFTERMARKET POTENTIAL FOR B&W ANNUAL REVENUE ~ $200-250K PER TONNE O F H 2 P E R D AY P R O D U C T I O N • Standard designs support strong aftermarket potential of all plant equipment • Patented iron oxide particle addition required each year to maintain performance • Ongoing support by continuous
Slide 15: Unlocking Future Revenue Potential of BrightLoop
UNLOCKING FUTURE REVENUE POTENTIAL OF BRIGHTLOOP AND POSITION BASED ON MARKET WITH SIGNIFICANT GROWTH OF HYDROGEN PROJECTED Target Market Share Assumed Mix of Projects 2030 Approximate Revenue Achieving only 1% market share of a 3-5 Large Unit Projects 2-4 Medium Unit Projects ~$1 Billion annual rev
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