Ceres Power Holdings Plc · LSE:CWR
Ceres Power — Investor Presentation (August 2024)
10 slides from Ceres Power's investor presentation, Aug 6, 2024
Slide 1: Ceres confirms Denso as new licence partner
Ceres Ceres confirms Denso as new licence partner 6 August 2024
Slide 2: Ceres names Denso as new licence partner
Ceres names Denso as new licence partner * Ceres has confirmed Denso as its recently announced new manufacturing licence partner of Ceres’ proprietary solid oxide electrolyser cell (“SOEC”) technology « Headquartered in Japan, Denso is a Fortune 500 company, employing over 160,000 people in 35 count
Slide 3: In 2017 Japan was the first country to release a national hydrogen strategy
In 2017 Japan was the first country to release a national hydrogen strategy The 2023 revised hydrogen strategy has been expanded to focus on hard-to-abate sectors, particularly steel production, synthetic fuels and hydrogen and ammonia for power generation Japan has committed to mobilize ¥15 trillio
Slide 4: Strategy and target markets
Strategy and target markets ¢ Strategic collaboration with global partners to achieve scaled deployment of Ceres’ technology * Factories being built concurrently across key geographies * Accelerated market entry for our partners by leveraging the continuous innovation and development of our world-le
Slide 5: Global hydrogen market estimated value of $1.4tr in 2050
Global hydrogen market estimated value of $1.4tr in 2050 The Green Industrial Revolution is a global opportunity for UK technology Ceres technology advantage Other industries, 51% Steel, 23% y | Ammonia, 14% Sustainable aviation fuel, 12% Reference: BNEF New Energy Outlook 2024; Deloitte Report, 202
Slide 6: SOEC compelling advantage in 50% of this target market
SOEC compelling advantage in 50% of this target market The Green Industrial Revolution is a global opportunity for UK technology Ceres technology advantage Steel production Other industries, 51% Steel, 23% Ammonia production Ammonia, 14% Sustainable aviation fuel, 12% SAF production Reference: BNEF
Slide 7: SOEC compelling advantage in 50% of this target market
SOEC compelling advantage in 50% of this target market The Green Industrial Revolution is a global opportunity for UK technology Ceres technology advantage Ceres business model advantage Other China, 44% industries, 51% » 23% Rest of world, 23% Europe, 6% | Ammonia, 14% USA, 12% / | Sustainable avia
Slide 8: Upgraded financial guidance for 2024
Upgraded financial guidance for 2024 * Increased full year revenue guidance of £50 - 60 million * Additional licence deal commensurate with previous licences leading to significant revenues from licence fees, engineering service and hardware over multiple years * Significant increase to gross margin
Slide 9: Summary
Summary * Denso brings advanced high-volume manufacturing in cutting edge electrical products for various industries from a global team * First license partner exclusively for SOEC * Further endorsement of investment into SOEC technology by a new partner *« Second SOEC partner in Asia in 2024 * Grow
Slide 10: Questions
Cares Questions Ceres Power Holdings pic Viking House, Foundry Lane, Horsham RH13 5PX T: +44 (0)1403 273463 | E: info@cerespower.com
Ceres Power Holdings — Investor Presentation (August 2024) on 6ix