Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Investor Presentation (June 2018)
27 slides from Ocean Power Technologies's investor presentation, Jun 6, 2018
Slide 1: Ocean Power Technologies, Inc. Investor Presentation May 2018
Ocean Power Technologies, Inc. Investor Presentation — May 2018 OPT OCEAN POWER TECHNOLOGIES
Slide 2: Forward Looking Statements
INVESTOR PRESENTATION MAY | 2018 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 ce
Slide 3: About Ocean Power Technologies
About Ocean Power Technologies
Slide 4: Ocean Power Technologies
INVESTOR PRESENTATION MAY | 2018 Ocean Power Technologies NASDAQ: OPTT Patented proprietary technology with a total of 63 patents Approximately 35 employees with an engineering team of nearly 20 members including masters and PhD levels Market Cap: $20M * TTM Revenue: $539,000 ° Cash: $14.4M ° Headqu
Slide 5: Investment Thesis
INVESTOR PRESENTATION MAY | 2018 Investment Thesis ¢ Innovative commercial product ¢ Strong intellectual property portfolio * Total addressable market: $8.5B ¢ Attractive end markets: oil & gas, ocean observing, defense & security, communications ¢ Experienced and disciplined management OPT re
Slide 6: The Future of Ocean Power
OPT OCEAN POWER TECHNOLOGIES The Future of Ocean Power Present Day * 10,000+ offshore O&G sites requiring manual interface to monitor/capture data * Ocean observing requires manual interface to communicate * Limited automated Defense & Security capabilities * Communications limited to expensive sate
Slide 7: Recent Highlights
INVESTOR PRESENTATION MAY | 2018 Recent Highlights * Signed agreements: Q Eni S.p.A. provides a lease of an OPT PowerBuoy in the Adriatic to demonstrate sub-sea charging (see next page for detailed discussion) O Premier Oil study provides opportunity to expand technology to decommissioning operation
Slide 8: Eni S.p.A Contract
INVESTOR PRESENTATION Mar | 2028 Eni S.p.A Contract * Objective: Offshore O&G subsea battery charging leading to charging of underwater unmanned vehicles and well monitoring & Decommissioning applications * Initial lease: 1 % year term, with option to extend by another 1 % years * Option to purchase
Slide 9: Our Technology
Our Technology N Ge F
Slide 10: Our Technology
ESTOR PRESENTATION MAY | 2018 Our Technology * Considerable life-cycle cost savings compared to incumbent solutions ° Generates up to 3 kilowatts of peak power * Site-dependent average daily generated power up to 2 kilowatts ° 300 watts of continuous power deliverable during days or weeks with no wa
Slide 11: How Our Technology Works
How Our Technology Works ° Unique, unprecedented, patent-protected approach to power generation i 10 Ft. ° Floating system, anchored to sea floor down to above waterline 3,000 meters Float moves vertically, independent of the spar, in response to wave motion Heave plate and spar remain motionless in
Slide 12: Strategic Position
Strategic Position N oe F
Slide 13: Capitalizing on an $8.5B Addressable Market
INVESTOR PRESENTATION figs | 203 Capitalizing on an $8.5B Addressable Market Communications . ° Wi-Fi and cellular Oil & Gas CLEEeb Saal: + $0.58 market + 10,000+ offshore oil * Data collection and & gas sites communication * $2.5B market * $2.0B market OPT Targeting 10-20% of Each Market over Mediu
Slide 14: End Markets: Oil & Gas
End Markets: Oil & Gas Key drivers Operations trending toward deeper waters Industry investing in new technologies * 10,000+ sites currently require power PowerBuoy creates significant cost-saving opportunities Applications Charging stations for subsea drones (AUVs) Equipment monitoring and control
Slide 15: End Markets: Defense & Security
End Markets: Defense & Security ° Key drivers * Detection and early warning systems require consistent power and real- time communications ee font = i jwidth Com * Remote sensing stations for oo Weeki Hower storet ~ - Intrusion Detection/Ale: maritime security MatObearsecsing ° Applications include
Slide 16: End Markets: Communications
End Markets: Communications ° Key drivers ° Maritime communications limited to costly satellite technology * Military and civilian remote Wi-Fi and cellular communications ° Applications include ° Range extension for marine and coastal waterways and airways * Voice and data relay stations OPT OCEAN
Slide 17: End Markets: Ocean Observing
INVESTOR PRESENTATION MAY | 2018 End Markets: Ocean Observing ol) Cl) ° Key drivers * Data collection, processing and real-time communications needed * PowerBuoy potentially transforms ocean environment intelligence * Life cycle cost, power and persistence are key variables ° Applications include °
Slide 18: Our Financials
Our Financials rn ba ‘Ser . Oe aa —
Slide 19: Financial Profile
INVESTOR PRESENTATION MAY | 2018 Financial Profile Selected Financial Informati Capital Structure Balance Sheet (unaudited) 1/31/18 Total shares outstanding |") 18,350,927 Total current assets $15,895 % owned by directors & officers ~1% Property & equipment, net 657 Warrants outstanding 324,452 Othe
Slide 20: Our Strategy
Our Strategy eee . Oe a ae —
Slide 21: Product & Technology Roadmap
OPT OCEAN POWER TECHNOLOGIES Product & Technology Roadmap * Focused on rapid product maturation and cost competitiveness ° Aggressive testing via component and system level accelerated life testing: maximized off the shelf component use and minimized customization PBX PB15-Gen1 * PB3-Gen 2 full comm
Slide 22: Implementation Strategy: Proven & Underway
INVESTOR PRESENTATION MAY | 2018 Implementation Strategy: Proven & Underway Proven Technology and Validation { 2018-19E * Expand marketing, business development footprint across multiple 4 aan geographies ae * Secure multiple customer * Unit validation in factory demonstration projects & ocean which
Slide 23: Experienced, Disciplined Management Team
INVESTOR PRESENTATION MAY | 2018 Experienced, Disciplined Management Team Executive Title Selected Experience George H. Kirby Matthew T. Shafer Christopher Phebus Chief Executive Officer Chief Financial Officer Armur tye Catalent Wrvatrant GE Energy GEORG GE Aviation V.P. of Engineering Management S
Slide 24: Investment Thesis Recap
INVESTOR PRESENTATION MAY | 2018 Investment Thesis Recap ¢ Innovative commercial product ¢ Strong intellectual property portfolio * Total addressable market: $8.5B ¢ Attractive end markets: oil & gas, ocean observing, defense & security, communications ¢ Experienced and disciplined management OPT ch
Slide 25: Thank You
TATION Thank You. Matthew Shafer J Chief Financial Officer & Treasurer mshafer@oceanpowertech.com (609) 730-0400 ext. 224 Steve Calk & Jackie Marcus Investor Relations OPTT @alpha-ir.com (312) 445-2870
Slide 26: Appendix
Slide 27: Office of Naval Research Program Details
INVESTOR PRESENTATION MAY | 2018 DISTRIBUTION STATEMENT A. Approved fr pubic release. Dis ONR Approval 943-32 Office of Naval Research Program Details 3t Easy-to-Deploy Stationkeeping Sonar Powerbuoy Ocean Power Technologies, Ine WHO Secure 0 Poe: oer ain pti Peeters Bg Reet See laa sev ehee Sea gE
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