Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Investor Presentation (July 2019)
28 slides from Ocean Power Technologies's investor presentation, Jul 22, 2019
Slide 1: Ocean Power Technologies Investor Presentation July 2019
OPT OCEAN POWER TECHNOLOGIES Ocean Power Te CHOIOBIESt Inc. Investor Presentation July 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 OPT 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
Slide 5: Ocean Power Technologies... Quick Facts
Ocean Power Technologies... Quick Facts * NASDAQ: OPTT * Market Cap: approx. $11.0M* * TTM Revenue: approx. S600K* * Cash, cash equivalents, & restricted cash : $17.2M* * Organization: Nearly 40 employees including deep engineering capabilities ¢ Intellectual Property: Proprietary technology with ov
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 * Revenue acceleration... five new recent contracts
Slide 7: Management Team — Experienced and Disciplined
Management Team — Experienced and Disciplined Executive Title Selected Experience George H. Kirby Chief Executive Officer SAIC. ance tycCo Catalent Wy VALEANT Matthew T. Shafer Chief Financial Officer OTe ANOcaaER Sophisticated and engaged board of directors Energized and talented organization OCEAN
Slide 8: Distributed Power / OPT Timeline
Distributed Power OPT Timeline Grid Connected Wave Power New Production Facility Leadership Additions New customers Neworders Brand recognition PT OCEAN POWER TECHNOLOGIES 1994 2014 2015 2016 2017 2018 2019 2020
Slide 9: Recent Wins and Highlights
Recent Wins and Highlights VS tee Gest New product developments and new technology patent awards and filings *Robust opportunity pipeline— $ millions worth of contract proposals issued *Oil & gas customer PowerBuoy® delivery > a *Multiple PowerBuoy® builds to address demand OCEAN POWER TECHNOLOGIES
Slide 10: Our Technology
Our Technology OPT OCEAN POWER TECHNOLOGIES
Slide 11: How Our PB3 PowerBuoy Technology Works
How Our PB3 PowerBuoy® Technology Works * Floating system... standard anchorage down to 3,000 meters * Submerged heave plate & spar... remain motionless in ocean waves * Float rides ocean waves... driving an electric generator ae which charges on-board batteries Temporary 30 Ft. Electric . below Pow
Slide 12: PowerBuoy Market Value Proposition
PowerBuoy® Market Value Proposition Cost Savings and Operational Flexibility Savings by eliminating vessels... “unmanned station” provides persistent power and communications Increased safety... by allowing remote operations from shore OU) Faster operational decision-making... from real-time subsea
Slide 13: Products and Services — Fully Commercial Today
Products and Services — Fully Commercial Today PB3 PowerBuoy® Support Services * Long Deployments * Customization * Persistent Power * Packaged Options * Low Maintenance * Engineering/Design + Renewable * Innovation/Testing * Marine Services 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 Maintenance Complements Qu
Slide 15: Our Strategy
Our Strategy OPT OCEAN POWER TECHNOLOGIES
Slide 16: The Blue Economy — Our Total Addressable Market
The Blue Economy — Our Total Addressable Market Communications Wi-Fi and cellular $0.5B market Targeting 10-20% displacement Long-Term TAM > $1.0B *Referto 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
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 Ye, ‘VIDEO CAMERA NAVIGATION LIGHT: ‘SATELLITE TRACKER ANTENNAS CELLULAR SATELUTE Wirt Base PowerBuoy® + Value-Added Engineering + Support Services * Sale or Lease * Packaged Options * Marine Services * Customization * Remote Monitoring * Integration Servi
Slide 20: Offshore Oil & Gas - Oilfield Decommissioning Market Segment
*estimated Offshore Oil & Gas - Example Oilfield Decommissioning Market Segment T 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 Acc
Slide 22: Financials
Financials OPT OCEAN POWER TECHNOLOGIES
Slide 23: Financial Profile
Financial Profile Balance Sheet (unaudited) Total shares outstanding '12,3) 5,421,747 Cash, cash equivalents, restricted cash!) $17,159 % owned by directors & officers (*) ~2.0% Total current assets” $17,619 Warrants outstanding!) 5,697,463 Property & equipment, net” $592 Options outstanding 65,572
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 * Revenue acceleration... five new recent contra
Slide 25: Porter, LeVay & Rose
Porter, LeVay & Rose Michael Porter, President Contact i ocean@plrinvest.com (212) 564-4700 Opt JT t OCEAN POWER TECHNOLOGIES
Slide 26: Thank You!
Thank You! = POWERBUOY® TAPPING INTO THE POWER OF THE OCEAN www.oceanpowertechnologies.com
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: + Oi1& Gas UK Decommissioning Insight 2017 httos //o1| final pdt + Decommissioning Opportunities in Brazi’s Oiland Gas Horizon uo 1e?id=Decommissioning- Oil-and-¢ ff Deloitte: Decommissioninghas potential to be Australia’snext oil and gas boom hitps.//wivis? deloitt
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