Evolution Metals & Technologies Corp. · NASDAQ:EMAT
Evolution Metals & Technologies — Welsbach Technology Metals Acquisition — SPAC Merger (January 2023)
33 slides from Evolution Metals & Technologies's SPAC merger presentation, Jan 19, 2023
Slide 1: Disrupting a World Powered by Batteries
Slide 2: Disclaimer
/ Disclaimer This presentation (the “presentation’) has been jointly prepared by WaveTech Group, Inc. (the "Company" or “WaveTech’) and Welsbach Technology Metals Acquisition Corp ("WTMA’) is being delivered for informational and discussion purposes only. By accepting this presentation, each recipie
Slide 3: Disclaimer: Forward Looking Statements
/ Disclaimer Forward Looking Statements Certain statements made in this presentation are “forward looking statements” within the meaning of the "safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, Such “forward-looking statements" with respect to the Transa
Slide 4: Core Technology at a Glance
/ Technology Core Technology at a Glance ca Crystal Control Technology® Crystal Control Technology® (CCT®) modifies electro-dynamically Core Technology (CCT®) serves as the the electrochemical processes involved in charge and discharge by bedrock of WaveTech’s portfolio of imposing modulated voltage
Slide 5: Sustainable Economic and Environmental Results
/ Benefits Sustainable Economic and Environmental Results 75% Less Maintenance Visits 1 as 50% Less Battery Eas 67% Reduction in COz Replacements + Emissions + al 30% Less E 50% Less Generator Fuel [4a] UES AU RS] Cost 1 ial Consumption 1 Predictive Maintenance al for telecom operators. Calc (\)
Slide 6: Today's Addressable Energy Storage Market by Segment
/ Applications & Today’s Addressable Energy Storage Market by Segment @ WAVETECH Enhancement to the existing globally installed capacity of Lead Acid Batteries in various energy storage segments, resulting in significant increase of performance, capacity and lifespan. MOTIVE & ProrityS AUTOMOTIVE Pr
Slide 7: Global Battery Market Size
/ Markets Global Battery Market Size nee Global Battery Market Forecast 1 GLOBAL TOTAL? LEAD ACID1 LITHIUM-ION ¢ OTHER? oe ae $111.86bn $4284bn $54.64bn ‘$14.38 bn $908 $808 $708 423.9bn $121.28bn $257.19bn —$ 45.43bn er py2030 «S 2 $ $ $40B By 2030 By 2030 By 2030 $30B 16.68% CAGR* 12.90% CAGR1 19.
Slide 8: The Drive for Growth in Global Energy Storage
/ Markets The Drive for Growth in Global Energy Storage Gigawatt Global cumulative energy storage installations Cumulative More than 350 358 GW 200 345 GW By end of 2030. 0) To be added between ab 2021 - 2030.1 More than Gp 150 nets 4100 ae $262 bn Larger than the 17 GW ) Required Investments. 1 1 f
Slide 9: Current Solution to Increasing Storage Capacity
/ Markets Current Solution to Increasing Storage Capacity Massive increase in supply of Lithium-Ion battery materials and manufacturing In the upstream, midstream, and downstream — delivering higher energy density at lower weight vs. Lead Acid Battery — ideal for EV's. Innovation in Lithium-Ion Batt
Slide 10: WaveTech Solution to Increasing Storage Capacity
/ Solution WaveTech Solution to Increasing Storage Capacity WAVETECH First WaveTech technologies are geared towards Lead Acid Batteries, which are the low hanging fruit —with the Enhancement to the potential to bring out existing and new existing globally installed products fast— while having te cha
Slide 11: Technology Portfolio at a Glance
/ Technology Technology Portfolio ata Glance —_| sxtexssteytimenmisieves ney (ae) Crystal Control! Technology® Battery Monitoring CCT® BEAT®25, Battery Recovery CCT® for Lithium-ion SOC /SOH Crystal Control 5 5 a Technology Device Technology Pasta ore canes Evaluation Technology’ Streamlines battery
Slide 12: WaveTech Presence
() / Locations WaveTech Presence 52 14 5 Employees Nationalities Countries USA — WaveTech Group, Inc. - a Delaware Corporation Germany ~ Production & Te Bulgaria — RD Facility 12
Slide 13: WaveTech Highlights
/ Company WaveTech Highlights fils x Limited Competition WaveTech believes the company has little tono competition in the Lead Acid Performance Enhancement Space. Upgrade Existing Systems Scalable technologies that can be retrofitted on to existing Energy Storage Systems. Disruptive R&D Pipeline Tec
Slide 14: Technology Validation
Slide 15: WaveTech Current Services
/ Services WaveTech Current Services WaveTech’s services offering is strategic to WaveTech’s business model WaveTech's services currently underpin WaveTech's revenues. WaveTech's services provide relationship and access to customer base which overlaps with WaveTech’s customer base for technology pro
Slide 16: WaveTech's Current Available Products: CCT BEAT25 Device
/WaveTech’s Current Available Products CCT® BEAT®25 Device The first CCT® technology-based WaveTech product to reach the market is the BEAT®25. It is a portable device that may be attached to the battery's terminals. Upto “2 Inside the battery, the growth of fine crystals and more +200% homogeneous
Slide 17: WaveTech's Current Available Products: Battery Monitoring System
/WaveTech’s Current Available Products Battery Monitoring System The accumulated data is centrally analyzed with predictive capabilities to deliver valuable insights for maintenance planning, key performance indicators, and budgeting. Active Battery Monitoring provides real-time information, analysi
Slide 18: CCT for Lithium-Ion Battery Platform
/CCT® for Lithium CCT® for Lithium-lon Battery Platform Overview - CCT® has been determined to benefit the performance of lithium-ion batteries. ~ Initial optimization work focuses on LFP lithium-ion batteries. - CCT® and the patents describe a method on how to increase cycle life and reduce capacit
Slide 19: WaveTech Customer Pipeline & Partnerships
/ Validation WaveTech Customer Pipeline & Partnerships Engagement with Tier 1 Telecom Operator 00 O00 hair 10) operatorsie. Ny Opetorte Nay etevaton Beeinerking ° peratorsie Ny, Operators lution jetdvatdaton Ny Coretmathing WaveTech MOU ata elec duediigence > atuaton proposal of savings financial pr
Slide 20: WaveTech Customer Pipeline & Partnerships
/Nalidation WaveTech Customer Pipeline & Partnerships Currently in discussion under MOU ‘Companys a Fortune Global 500 leading Fortune energy management provider which is a Global 500. | _ market leader in uninterruptible power | Sani and energy storage systems. EE] || crear Status: MOU signed and m
Slide 21: WaveTech Value Proposition to Telco Customers
‘Source: !WaveTech /\Nalue Proposition WaveTech Value Proposition to Telco Customers Direct to Client WaveTech Value Proposition: typical client savings in $/kWh by segment based on WaveTech's internal estimates. Based on WaveTech's internal analysis, the following demonstrates the potential average
Slide 22: BEAT Device Short-Term Strategy
/ BEAT® Device Short-Term Strategy Manufacturing Ramp Up Strategy CURRENT In-House Production Capacity 12] !) 3,500 — 4,000 AN BEAT® devices per month . a) FUTURE Current Inventory Increase In-House Production Capacity to Approx. 10,000 BEAT® Devices 10,000 per month Near Future Manufacturing BEAT®
Slide 23: Subscription Revenue Model Based on Proven Savings
/ Business Model Subscription Revenue Model Based on Proven Savings From Day 1 WaveTech's solutions will Subscription Price . based on calculated savings Recurring Monthly Revenue generate monetary savings for the customer potential from long term contracts BENEFITS TO BUSINESS MODEL Installation Cu
Slide 24: WaveTech Financial Overview
/ Financials WavetTech Financial Overview (1) (2) (3) C) (5) (6) All figures in USD mn 2020 2021 9M — 2021 9M — 2022 Revenue 3.1 8.4 69 8.0 Gross Profit 14 4.4 24 3.6 Loss from Operations 4.1 -4.6 -2.8 -3.6 EBITDA“) -23.6(5) BS -4.3 -8.6 (+) R&D Expense 04 pee 04 0.9 EBITDARD?) -23.2(°) -3.6 -3.9 “e
Slide 25: Earnout Program Effective at Closing of the Business Combination
/ Share Program Earnout Program Effective at Closing of the Business Combination Deadline Number of Shares _ Value of Shares Milestone (A) Revenue: 23.7mm USD and EBITDARD 4: (350,000) USD. End 2023 3,750,000 37.5mm USD OR (B) Share Price5 12.50 USD (A) Revenue: 54.8mm USD and EBITDARD 4: 16.9mm USD
Slide 26: WaveTech Leadership Team at Closing
/ Management WaveTech Leadership Team at Closing GL © Gh Ar E Dag A. Valand ‘Aasmund Erlandsen Silas Poel John W. Rood Dr. Boris Monahov Matthew Fitzgerald Chief Executive Officer& Chief Operating Officer Chief Financial Officer Corporate Secretary Chief Scientific Officer Chief Technology Officer B
Slide 27: WaveTech Board at Closing of Business Combination
/ Board of Directors WaveTech Board at Closing of Business Combination Dag A. Valand Chief Executive Officer & Board Chairman, Founder 25 years international experience in the battery industry. Established, grew, and successfully sold his family business (49% ownership). Note: WaveTech Board of Dire
Slide 28: Thank You!
Thank You! Join us in Advancing the Next Wave in Energy Storage! ‘ J ( el ; Atos cig iS ‘Argonne Naffonal Laboratory —htosyrct gH isin atteies ca _ Gary Coun inerational— hts ooutbaeriesbtteryench glare tei te Cleaner ips/eanteeecon/2022 gat recy ling ster esy ny recycling hum on teria "SUN Environm
Slide 29: Additional Information
Additional Information (\) 29
Slide 30: Company Milestones
Company Milestones
Slide 31: Sources and Uses of Funds for the Business Combination
/ Sources and Uses of Funds for the Business Combination Assuming no SPAC Redemption Assuming 100% SPAC Redemption Sources ($mm) Uses ($mm) Sources ($mm) Uses ($mm) New WaveTech Common New WaveTech Common Stock New WaveTech Common New WaveTech Common Stock Stock issued to existing 1500 _ issued to e
Slide 32: Pro-forma Shareholding Structure
/ Pro-forma Shareholding Structure Ownership of New WaveTech after the Business Combination Scenariod Scenario2 Scenario3 (Assuming no redemption) (Assuming 50% redemption) (Assuming 100% redemption) ‘Ownership in A ‘Ownership in - ‘Ownershipin : spelt Ownership % Sees Ownership % Spit Ownership % W
Slide 33: WaveTech Financial Overview - Reconciliation
/ Financials WavetTech Financial Overview - Reconciliation All figures in USD 2020 2021 9M — 2021 9M — 2022 Revenue 3,129,713 8,372,835 6,898,480 8,049,626 Gross Profit 1,122,294 4,067,558 2,442,916 3,569,227 Loss from Operations -4,107,307 4,573,888 “2,768,958 -3,578,149 Loss before Tax -24,380,219
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