T1 Energy Inc. · NYSE:TE
T1 Energy — FREYR Battery — Q4 2021 Earnings Presentation
14 slides from T1 Energy's earnings presentation, Feb 28, 2022
Slide 1: FREYR 4Q and Full-Year 2021 Earnings Call
FREYR 4Q and Full-Year 2021 Earnings Call February 28, 2022
Slide 2: Important notices
Important notices Forward looking statements All statements, other than statements of present or historical fact included in this presentation, including, without limitation, regarding FREYR's ability to develop the world's cleanest and lowest CO2 lifecycle emissions batteries at giga-scale; FREYR's
Slide 3: Today's Agenda
Today’s Agenda • Business update • FREYR’s strategic road map and priorities • Establishing supply chains and operations • FREYR’s market opportunity is expanding • Making commercial progress • Financing the planned expansion • Near-term priorities • Q&A 3
Slide 4: Business Update
Business Update Building FREYR’s operational foundation Customer Qualification Plant (CQP): • On track for operational start during 2H 2022 Gigafactory Development: • Combining Gigafactories 1&2 into single facility with eight production lines and upsized nameplate capacity of 18 GWh • Increase of 4
Slide 5: FREYR's Anticipated Path to Commercialization
FREYR’s Anticipated Path to Commercialization Focused on achieving milestones to build a global, giga-scale player July 2021 Late 2022 Additional factories Global scale Gigafactory 1&2 FREYR and Alussa Energy Customer Qualification Targeted start-up of first Intended expansion in Mo i Large scale, l
Slide 6: Focused on Execution
Focused on Execution Progressing on key objectives to achieve planned giga-scale commercialization Financing • Combining ECA/multilaterals, grants, strategic partners & investors to lower cost of capital • Supporting funding tracks in process to unlock prospective cost competitive financing structur
Slide 7: Process to Secure Key Raw Materials Underway
Process to Secure Key Raw Materials Underway Supply chain framework supports initial giga-scale development on path to eventual localization Frame agreements and other early-stage supply chain initiatives • Supply chain and operations team focused on building a broader, resilient and reliable suppli
Slide 8: Operations Update
Operations Update Construction of CQP and site preparation of Combined Gigafactories 1&2 progressing CQP on track for late 2022 start of production FREYR CEO Tom Jensen on CQP site inspection visit with National and • Manufacturing of Production Line Equipment on schedule Local Political Leadership
Slide 9: Projected Global Battery Supply Insufficient to Meet Climate Ambitions
Projected Global Battery Supply Insufficient to Meet Climate Ambitions Targeted production is not expected to keep pace with requirements to meet a 1.6-degree target Global annual projected battery demand vs. risk-adjusted production 1.6- degree scenario, by application Key Observations GWh per year
Slide 10: Major Commercial Wins
Major Commercial Wins FREYR has signed its first conditional offtake agreements with strong global partners Global Industrial Player • Renewables division of Fortune 100 U.S.-based company • Industrial Solutions arm of global energy storage systems player • Leading provider of renewable power soluti
Slide 11: Growing Pipeline of Commercial Opportunities
Growing Pipeline of Commercial Opportunities Conditional Technical Commercial Signed Opportunities offtake review negotiations agreements agreements >60 prospective customers 25 prospective customers Multiple initial commercial Five conditional offtake Two agreements signed discussions ongoing acros
Slide 12: Financial Update
Financial Update Focused on securing financing to fund FREYR’s planned capacity expansion FREYR 3Q – 4Q Cash Bridge Strong Liquidity and Balance Sheet • Ended 4Q 2021 with $566 million of cash, cash equivalents and restricted cash Financing • Developing debt-based financing solutions to facilitate p
Slide 13: Key Strategic Priorities
Key Strategic Priorities Advance critical mandates tied to Speed, Scale and Sustainability Fund the expansion • Secure capital required to finance combined Gigafactories 1&2 • Identify additional capital solutions to facilitate planned giga-scale build out in Norway, U.S. and Finland Develop, locali
Slide 14: Q&A
Q&A