Slide 1: Investors Presentation: Review of H1 2023
Investors Presentation August 2023 Review of H1 2023
Slide 2: Legal Disclaimer
Legal Disclaimer The information included in this presentation (the “Information”), and any other information which is conveyed by means of this presentation, is presented for convenience purposes only, and does not constitute an exhaustive description of all data regarding GenCell Ltd. and/or its s
Slide 3: Active Markets
Active Markets EV Charging Utilities Telecom
Slide 4: Key Figures
Key Figures Forecast USD,K Revenues 2022 Revenues 2023
Slide 5: Key Points from June 30, 2023 Report
Key Points from June 30, 2023 Report Significant Cash Balance $43.5m sufficient for 20-24 months 36% improvement in Cost-Reduction Processes* * Estimated reduction in 2023 $35m Sales GenCell Infrastructure Pipeline Inc. put in place for sales operations in USA sale
Slide 6: Sales Pipeline in Active Markets
Sales Pipeline in Active Markets EV Charging Utilities Telecom PIPELINE PIPELINE PIPELINE $14 million $16 million $5 million
Slide 7: Progress in the EV Market in Israel and the U.S.
Progress in the EV Market in Israel and the U.S. • Primary sales focus on the U.S. market, where the product is eligible for a 30% IRA tax credit as well as other grants and subsidies of up to 70% • GenCell Inc. initiated its operations on July 1, 2023 • EVOX solution adapted to U.S. UL standards •
Slide 8: Progress in Communications Segment
Progress in Communications Segment • The company participated in a tender for procurement of emergency power backup units to a major European telecom provider • The connection with this customer came about due to the cooperation with and deployments by Deutsche Telekom • The value of the deal amount
Slide 9: Progress in the Utilities Sector
Progress in the Utilities Sector • 74 GenCell BOX™ units were successfully deployed in accordance with CFE’s requirements • In 2022-2023 the company upgraded the systems’ capabilities to fully comply with CFE’s infrastructure, including designation as Tier 1 Backup • Recently GenCell was invited to
Slide 10: Efforts to Achieve Profitability
Efforts to Achieve Profitability Product cost reductions of 36% achieved during 2023 • During H1/2023 the company succeeded to reduce product costs by some 20% • A decrease of an additional ~20% in cost reductions is being executed in H2/2023; the reduction is due to: • Activation of new, automated
Slide 11: Technological Developments | Update
Technological Developments | Update • Advanced development of the GenCell OX™ 10kW fuel cell towards market launch during H1/2024 • Software for EVOX monitoring and optimization, to reduce OpEx and to upgrade user experience is in advanced development. First version will be launched during Q4 this y
Slide 12: Inaugural ESG Report
Inaugural ESG Report • Deployment of an ESG (Environment, Social & Government) program to set targets and execute product lifecycle assessment (LCA) towards measuring carbon dioxide CO2 emissions • Inaugural publication of GenCell’s ESG Report for 2022 under the auspices of Deloitte Israel
Slide 13: Key Takeaways
Key Takeaways Reduction of Significant Ramping up Cash Balance ה ~36% Progress GenCell $43.5m Product Costs in all 3 target Inc. markets Company estimates Company expects Successful to show Sales that in 2023 Significant Growth ה pipeline p of 40-50% 0ה ה over 2022 by $35m of deals in pipeli
Slide 14: Thank you !
Thank you ! & GENCELL