T1 Energy Inc. · NYSE:TE
T1 Energy — Q1 2022 Earnings Presentation
14 slides from T1 Energy's earnings presentation, May 11, 2022
Slide 1: FREYR 1Q 2022 Earnings Call
FREYR 1Q 2022 Earnings Call May 11, 2022
Slide 2: Important notices
Important notices Forward looking statements All statements, other than statements of present or historical fact included in this Additional information about factors that could materially affect FREYR is set forth presentation, including, without limitation, regarding FREYR's anticipated path to un
Slide 3: Today's Agenda
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
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
Accelerating Commercial Traction Recent wins augmented by expanding pipeline of opportunities Commercial Commercial Definitive Sales offtake Signed COAs Discussions Agreements negotiations Multiple commercial discussions Several conditional Five agreements signed with major Initial two COAs with Hon
Slide 6: Major Commercial Wins
Major Commercial Wins Three COAs signed with prominent ESS players in recent weeks Major U.S. Leading Global Storage Powin LLC Systems Integrator Renewables Player • 28.5 GWh from 2024 - 2030 • ~10 GWh from 2025 – 2030 for ESS • 15 GWh from 2023 - 2027 applications • Powin is a leading U.S. based ba
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 FREYR targets to localize and decarbonize 75% of global supply chain by 2026 to secure supply and further reduce costs
Slide 8: FREYR's Augmented Value Proposition
FREYR’s Augmented Value Proposition Evolving our strategy to maximize sustainable value creation Cathode materials Anode materials Electrolyte materials Joint Development Seperator materials Targeted Businesses Opportunities Mining Processing & Cell Pack/Module Cell Recycling Refining Manufacturing
Slide 9: Operations Update
Operations Update CQP and combined Gigafactory 1&2 development progressing steadily Activity ramping up in Mo i Progressing towards CQP factory Combined Gigafactory 1&2 on Rana acceptance testing in H2 2022 path to FID Construction of CQP and pre- Key milestone ahead of planned Start of Kicking off
Slide 10: Establishing FREYR's Supply Chain
Establishing FREYR’s Supply Chain Finalizing raw materials sourcing and initiating localization strategy Key raw materials capacity largely secured – Proposed simplified FREYR LFP supply chain pricing terms to be negotiated Business plan development underway to support FID on proposed joint venture
Slide 11: Financing Our Growth
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 loan
Slide 12: Financial Update
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 ramp
Slide 13: Delivering on our Strategy
Delivering on our Strategy Key near-term objectives tied to Speed, Scale and Sustainability Fund the expansion 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 Re
Slide 14: Q&A
Q&A