Innventure, Inc. · NASDAQ:INV
Innventure — Q4 2024 Earnings Presentation
20 slides from Innventure's earnings presentation, Apr 11, 2025
Slide 1: Fourth Quarter and Full Year 2024 Earnings
Fourth Quarter and Full Year 2024 Earnings April 11, 2025
Slide 2: Disclaimer
2 Disclaimer The material that follows is a presentation ("Presentation") of information about Innventure, Inc. and its subsidiaries (together referred to herein as "Innventure," the "Company," "us," "our," or "we") as of the date of this presentation. The Presentation does not purport to contain al
Slide 3: Disclaimer (cont.)
3 Disclaimer (cont.) • the Company’s access to funds under the Standby Equity Purchase Agreement with YA II PN, Ltd. (“YA”) or the Securities Purcha se Agreement and related convertible debentures with YA due to certain conditions, restrictions and limitations set forth therein; • certain restrictio
Slide 4: Disclaimer (cont.)
4 Disclaimer (cont.) • operational risks related to the Company and its subsidiaries that have limited or no operating history; and • limited liquidity and trading of the Company’s securities Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incor
Slide 5: Non-GAAP Financial Measures
5 Non-GAAP Financial Measures We use certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (GAAP) to supplement our consolidated financial statements. These non-GAAP financial measures provide additional information to investors to
Slide 6: 2024 Key Accomplishments
6 2024 Key Accomplishments
Slide 7: 2024 Key Accomplishments
7 2024 Key Accomplishments • AeroFlexx and Accelsius started delivering commercial product to the marketplace • Strong momentum for both operating companies to begin 2025 • On October 2, 2024, Innventure closed its business combination with Learn CW, and started trading on the NASDAQ as a public com
Slide 8: Operating Company Update
8 OPERATING COMPANY UPDATE
Slide 9: Accelsius Update
9 Accelsius Update • 4Q partnership announcement with iM data centers • Early 2025 announcements with Telehouse and Nordik data centers • Innovative product line expansion and impressive test results • Launch of a 250Kw multi-rack cooling system • Product testing demonstrates ability to cool 4500Ws
Slide 10: AeroFlexx Update
10 AeroFlexx Update • Reported using the equity-method of accounting • Innventure owns ~38% • Achieved key creditionals exemplifying commitment to excellence • Highest standard and rating under the Brand Reputation through Compliance Global Standard, or BRCGS, and is certified as AA grade • Two impo
Slide 11: Refinity Update
11 Refinity Update • Launched December 18, 2024 • Working in collaboration with The Dow Chemical Company • Hitting the ground running • Hired Dr. Ignasi Palou-Rivera as Chief Technology Officer • Kicked off technical collaborations with VTT and Dow • Strategic priorities for 2025 • Sign engineering,
Slide 12: Pipeline of Multinational Corporation Relationships
12 (1) Pipeline of Multinational Corporation Relationships 3 Ongoing MNC Partners • Open dialogue with a diverse set of MNCs that continually share technology opportunities (2) Procter & Gamble • Corporations within large industries Nokia such as Energy, Industrials, Telecom and Aerospace & Defense
Slide 13: Financial Overview
13 FINANCIAL OVERVIEW
Slide 14: Financial Update
14 Financial Update • 2024 Revenue of $1.2 million; Adjusted EBITDA loss of $27.9 million • Revenue represents first commercial sales at Accelsius • Costs driven by: • COGS and R&D at Accelsius • Non-recurring professional services, legal fees and consulting fees related to the Business Combination
Slide 15: Capital Position Update
15 Capital Position Update • Preferred Stock Purchase Agreements • March 24, 2025, Innventure entered into preferred stock purchase agreements with certain purchasers for up to $2.75 million of Series C Preferred Stock • Related Party Debt Termination • March 24, 2025, Executive Chairman Mike Otwort
Slide 16: Innventure's Capital Allocation Strategy
16 Innventure’s Capital Allocation Strategy Future Compounding cash flows intended to expand Innventure's value creation options Excess Free Cash Flow • Share repurchase • Accretive M&A Self Fund NewCo • As Innventure grows, NewCos will receive Disciplined Scale funding directly from • Paced investm
Slide 17: Q&A
17 Q&A
Slide 18: Appendix
18 Appendix
Slide 19: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
19 Reconciliation of Net Loss to EBITDA and Adjusted EBITDA The following table provides a reconciliation from Net Loss to EBITDA and Adjusted EBITDA for the specified periods: S/P Combined Successor Predecessor Predecessor (Non-GAAP) Period from October 2, 2024 Period from January 1, 2024 Year ende
Slide 20: Innventure
Innventure Creating Companies to Transform Tomorrow