Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Investor Presentation (May 2019)
28 slides from Ocean Power Technologies's investor presentation, May 31, 2019
Slide 1: Ocean Power Technologies, Inc. Investor Presentation
OCEAN POWER TECHNOLOGIES Ocean Power Technologies, Inc. Investor Presentation ee t | June 2019
Slide 2: Forward-Looking Statements
Forward -Looking Statements In addition to historical information, this presentation contains forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "
Slide 3: About Ocean Power Technologies
About Ocean Power Technologies OCEAN POWER TECHNOLOGIES
Slide 4: Ocean Power Technologies...Who We Are
Ocean Power Technologies...Who We Are “OPT is a provider of distributed offshore power equipment which provides persistent, reliable and economical power and communications for remote, offshore topside and subsea applications.” OPT Markets Offshore Oil & Gas Defense & Security Science & Research Tel
Slide 5: Ocean Power Technologies... Quick Facts
Ocean Power Technologies... Quick Facts ° NASDAQ: OPTT ° Market Cap: approx. $11.5M* ° TTM Revenue: approx. S600K* ° Cash, cash equivalents, & restricted cash :$17.2M* ° Organization: Nearly 40 employees including deep engineering capabilities ¢ Intellectual Property: Proprietary technology with ove
Slide 6: Why Invest in Ocean Power Technologies?
Why Invest in Ocean Power Technologies? * OPT is the go-to solution provider for remote offshore power ° First-mover advantage with no near-term competition and a strong intellectual property portfolio ¢ Fully commercialized due to prior investments e Revenue acceleration... five new recent contract
Slide 7: Management Team — Experienced and Disciplined
Management Team — Experienced and Disciplined Executive Title Selected Experience George H. Kirby Chief Executive Officer SAIC. ann tYCO Catalent Matthew T. Shafer Chief Financial Officer Oe EN VALEANT Sophisticated and engaged board of directors Energized and talented organization OCEAN POWER TECHN
Slide 8: OPT Timeline: Distributed Power
O PT Ti me | ne Distributed Power Progress/ Impact Grid Connected Wave Power New Production Facility Leadership Additions New customers New orders Brand recognition OCEAN POWER TECHNOLOGIES 1994 2014 2015 2016 2017 2018 2019 s 2020
Slide 9: Recent Wins and Highlights
Recent Wins and Highlights RRR New product developments and new technology patent awards and filings *Robust opportunity pipeline — $ millions worth of contract proposals issued *Oil & gas customer PowerBuoy® delivery Ss N ON *Multiple PowerBuoy® builds to address demand OCEAN POWER TECHNOLOGIES 9
Slide 10: Our Technology
OCEAN POWER TECHNOLOGIES Our Technology
Slide 11: How Our PB3 PowerBuoy® Technology Works
How Our PB3 PowerBuoy® Technology Works ° Floating system... standard anchorage down to 3,000 meters hae ° Submerged heave plate & spar... waterline remain motionless in ocean waves ° Float rides ocean waves... Prime, driving an electric generator ee which charges on-board batteries and Temporary :
Slide 12: PowerBuoy® Market Value Proposition
PowerBuoy® Market Value Proposition Cost Savings and Operational Flexibility UO Savings by eliminating vessels... “unmanned station” provides persistent power and communications UO Increased safety... by allowing remote operations from shore U Faster operational decision-making... from real-time sub
Slide 13: Products and Services — Fully Commercial Today
Products and Services — Fully Commercial Today ~ PB3 PowerBuoy® * Long Deployments * Persistent Power * Low Maintenance * Renewable Support Services * Customization * Packaged Options * Engineering/Design * Innovation/Testing * Marine Services yy, OCEAN POWER TECHNOLOGIES
Slide 14: Products and Services — Under Development
Products and Services — Under Development UMBILICAL = hybrid Subsea Battery Anchorless Integrated PowerBuoy® Solutions PowerBuoy® Mooring * Shorter Deployments * Shorter Deployments * Advanced Design * Combined Power * High Energy Storage * Low Maintenance * Self-Propelled and Comms ¢ Low Maintenanc
Slide 15: Our Strategy
OCEAN POWER TECHNOLOGIES Our Strategy
Slide 16: The Blue Economy — Our Total Addressable Market
The Blue Economy — Our Total Addressable Market Communications Wi-Fi and cellular $0.5B market Oil & Gas sites $2.5B market *Refer to Appendix for Market Supporting Information and Sources
Slide 17: Current Customer Projects
Current Customer Projects Eni S.p.A. (Adriatic) Premier Oil (North Sea) Enel Green Power (Chile) Large O&G Operator (Gulf of Mexico) US Navy OCEAN POWER TECHNOLOGIES (SBIR Phase 1) 1% year lease 1% year extend option Purchase option Achieved One Megawatt-Hour 9-month lease w/ext. option Purchase opt
Slide 18: Target Market Buying Process
Target Market Buying Process New/repeat customers, multiple PowerBuoy’ purchases, revenue backlog generation Initial demonstration projects, rental/service revenues, “try before you buy” Budgetary estimates, technical proposals, contract negotiations Non-disclosure agreements, front-end engineering
Slide 19: Transaction Economics
Transaction Economics COMMUNICATION ANTENNA 6 of VOEO CAMERA NAVIGATION UGHT ‘SATELLITE TRACKER ANTENNAS CELLULAR SATELLITE WiFi Base PowerBuoy® + Value-Added Engineering + Support Services * Sale or Lease * Packaged Options * Marine Services * Customization * Remote Monitoring ¢ Integration Service
Slide 20: Offshore Oil & Gas - Example
Offshore Oil & Gas - Example Oilfield Decommissioning Market Segment *estimated Offshore oil & gas production facilities to be decommissioned between 2018 to 2025* OCEAN POWER TECHNOLOGIES *Refer to Appendix for Decommissioning Sources of Information 20
Slide 21: Current Opportunities
Current Opportunities Opportunities - Market Breakdown 2% Current State of the Market ¢ Oil & Gas advancing projects with less personnel ¢ Eni project success leading to increased market interest / requests for quotations ¢ Increased interest in unmanned / autonomous solutions across all markets - O
Slide 22: Financials
OCEAN POWER TECHNOLOGIES Financials
Slide 23: Financial Profile
Financial Profile Selected Financial Informati 000s) Capital Structure (1,2) Balance Sheet (unaudited) Total shares outstanding (123) 5,421,747 Cash, cash equivalents, restricted cash!) $17,159 % owned by directors & officers “) ~2.0% Total current assets”) $17,619 Warrants outstanding” 5,055,463 Pr
Slide 24: Recap Why Invest in Ocean Power Technologies?
Recap Why Invest in Ocean Power Technologies? * OPT is the go-to solution provider for remote offshore power ° First-mover advantage with no near-term competition and a strong intellectual property portfolio ¢ Fully commercialized due to prior investments e Revenue acceleration... five new recent co
Slide 25: Porter, LeVay & Rose
Porter, LeVay & Rose Contact Michael Porter, President ocean @plrinvest.com (212) 564-4700 OCEAN
Slide 26: Thank You!
INO OGiEs ING WAVES IN POWER ™ eine Thank You! POWERBUOY® TAPPING INTO THE POWER OF THE OCEAN www.oceanpowertéchnologies.com 26
Slide 27: Market Supporting Information and Sources
Market Supporting Information and Sources Total Addressable Market The National Oceanographic and Atmospheric Administration (“NOAA”) 2016 Ocean Enterprise Report. Oil & Gas Source: U.S. Bureau of Safety and Environmental Enforcement Greater than 10,000 sites are currently in operation or ready for
Slide 28: Decommissioning Sources
Decommissioning Sources Footnote: * Oil & Gas UK Decommissioning Insight 2017 https: ing has potential to be Australia's next oil and gas boom https://www?,deloitte. com/au/en/pages/media- releases/articles/australias-next- ind-gas-boom-160517.html + Preparing for the Next Wave of Offshore Decommiss
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