Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Investor Presentation (September 2019)
28 slides from Ocean Power Technologies's investor presentation, Sep 16, 2019
Slide 1: Ocean Power Technologies, Inc. Investor Presentation
OPT OCEAN POWER TECHNOLOGIES Ocean Power Technologies, Inc. Investor Presentation ze y September 2019 P } 4
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 Tel
Slide 5: Ocean Power Technologies... Quick Facts
Ocean Power Technologies... Quick Facts ° NASDAQ; OPTT ° Market Cap: approx. $9.8M* * TTM Revenue: approx. $800K* * Cash, cash equivalents, & restricted cash : $13.5M* * Organization: Nearly 40 employees including deep engineering capabilities * Intellectual Property: Proprietary technology with ove
Slide 6: Why Invest in Ocean Power Technologies?
Why Invest in Ocean Power Technologies? OPT is the go-to solution provider for remote offshore power ° First-mover advantage with no near-term competition and a strong intellectual property portfolio Fully commercialized due to prior investments ° Revenue acceleration... five new recent contracts °
Slide 7: Management Team — Experienced and Disciplined
Management Team — Experienced and Disciplined Executive Title Selected Experience George H. Kirby Chief Executive Officer @o SAIC. acd amsc tyca Catalent Ww VALEANT Matthew T. Shafer Chief Financial Officer aun anncamen Sophisticated and engaged board of directors Energized and talented organization
Slide 8: Distributed Power: OPT Timeline
Distributed Power OPT Timeline Grid Connected Wave Power New Production Facility Leadership Additions New customers New orders Brand recognition OPT OCEAN POWER TECHNOLOGIES. 1994 2014 2015 2016 2017 2018 2019 x 2020
Slide 9: Recent Wins and Highlights
Recent Wins and Highlights VS eee See New product developments and new technology patent awards and filings *Robust opportunity pipeline —$ millions worth of contract proposals issued *Oil & gas customer PowerBuoy® delivery <a *Multiple PowerBuoy® builds to address demand OPT OCEAN POWER TECHNOLOGIE
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 feet ae ° Submerged heave plate & spar... waterline remain motionless in ocean waves ¢ Float rides ocean Prime, waves... driving an electric are generator which charges on- Temporary . 30Ft. : hone board ba
Slide 12: PowerBuoy Market Value Proposition
PowerBuoy® Market Value Proposition Cost Savings and Operational Flexibility QO) Savings by eliminating vessels... “unmanned station” provides persistent power and communications QO) Increased safety... by allowing remote operations from shore QO) Faster operational decision-making... from real-time
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 OPT 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 *Refer to 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 OPT 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 ANTENNA6) VIDEO CAMERA S NAVIGATION LIGHT SATELLITE TRACKER ANTENNAS | CELLULAR SATELUTE WIFI Base PowerBuoy® + Value-Added Engineering * Sale or Lease * Packaged Options * Customization OPT * Integration Services OCEAN POWER TECHNOLOGIES Support Services * Marine
Slide 20: Offshore Oil & Gas - Example
Offshore Oil & Gas - Example Oilfield Decommissioning Market Segment *estimated OPT 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 Leads & Opportunities - Market Breakdown Current State of the Market * = * é. 19 1% * Oil & Gas advancing projects with less personnel % s ¢ Eni project success leading to increased market interest / requests for quotations * Increased interest in unmanned / autonomous solution
Slide 22: Financials
Financials OPT OCEAN POWER TECHNOLOGIES
Slide 23: Financial Profile
OPT oS OCEAN POWER TECHNOLOGIES Financial Profile Selected Financial Information (in 000s) Balance Sheet (unaudited) Cash, cash equivalents, restricted cash") $13,487 Total current assets” $14,107 Property & equipment, net” $583 Total current liabilities” $2,078 No debt on balance sheet Dollars in t
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: Contact: Porter, LeVay & Rose
Porter, LeVay & Rose Matthew Abenante, IRC Contact Senior Vice President Porter, LeVay & Rose ocean @plrinvest.com (212) 564-4700 OCEAN PO
Slide 26: Thank You!
Thank You! POWERBUOY® TAPPING INTO THE POWER OF THE OCEAN www.oceanpowertechnologies.com 26
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: * Oil & Gas UK Decommissioning Insight 2017 https://oilandgasuk.co.uk/wp-content/uploads/2017/11/Decommissioning-Report-2017-27-Nov- finalpdt + Decommissioning Opportunities in Brazil's Oil and Gas Horizon https://www.export.gov/article ?id=Decommissioning-Opportuni
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