Ceres Power Holdings Plc · LSE:CWR
Ceres Power — Investor Presentation (January 2020)
8 slides from Ceres Power's investor presentation, Jan 22, 2020
Slide 1: Bosch increased stake strengthens strategic relationship and provides new equity to broaden available markets
Bosch increased stake strengthens strategic relationship and provides new equity to broaden available markets Phil Caldwell, Chief Executive Officer Richard Preston, Chief Financial Officer Wednesday, 22 January 2020 0
Slide 2: Overview of the deal
Overview of the deal • Bosch increased stake from c.4% to c.18% of enlarged issued share capital of Ceres with a £77.3m investment via a combination of new and existing shares at a price of £3.20 per share • Raises gross proceeds of £38m for Ceres, to support broadening the application of Ceres’ tec
Slide 3: Partnership to date
Partnership to date Bosch invested £9m in Ceres for a 4% stake in August 2018, plus £20m license and JDA to 2020. January 2020 Investment of c.£77 m to ~18 % Application of technology Small power stations for cities, factories, datacenters and EV charging points Progress to date ✓ Tech transfer and
Slide 4: Bosch SOFC
Bosch SOFC Efficiency Scalability up to several MWel Resilience Profitability. Power for the energy transition Ceres Power Ltd. © 2020 3
Slide 5: Strengthens long-term strategic partnership
Strengthens long-term strategic partnership • Significant step forward in the partnership established in August 2018 • Successful collaboration in development of fuel-cell stacks for stationary power applications • Started initial low-volume production of pilot systems in late 2019 in Bamberg, Germa
Slide 6: Gross proceeds of £38m
Gross proceeds of £38m • Development of higher power systems Strengthen and accelerate • Expand manufacturing capacity from 2MW to 3MW (2020) commercialisation of the core power system activity • Investment in Business Development activities to meet the needs of the Group’s OEM customers • Sufficien
Slide 7: Fuel cell or electrolysis cell
Fuel cell or electrolysis cell Power for the energy transition Ceres Power Ltd. © 2020 6
Slide 8: Summary
Summary • Bosch increased stake from c.4% to 18% building on existing successful partnership • Reinforces confidence in Ceres’ technology and likelihood for future potential scale up and mass manufacture • Raises gross proceeds of £38m for Ceres, providing additional capital to consolidate position
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