Ceres Power Holdings Plc · LSE:CWR
Ceres Power — Merger or Acquisition (December 2020)
12 slides from Ceres Power's merger presentation, Dec 10, 2020
Slide 1: Ceres and AVL List Form Strategic System Collaboration
Slide 2: Strategic rationale
—/’ Strategic rationale + Scales the business through a Strategic System Collaboration with AVL, a globally recognized consulting engineering firm based in Austria employing 11,500 people in 26 countries + New systems customers are anticipated to drive demand from Ceres stack manufacturing licensees
Slide 3: Scaling the SteelCell ecosystem
—_/ Scaling the SteelCell® ecosystem STACK SYSTEM Target global manufacturing partners Moving into higher power systems and to supply cells and stacks to system broadening applications in each region OEMs in regions of greatest demand (through direct and shared system licensees) 0-5kW O O —. J 5-20k
Slide 4: Driving system royalties and stack demand
_/ briving system royalties and stack demand SYSTEM © Ceres Power Ltd 2020 Shared system royalties Enhanced systems development, testing, simulation and manufacturing capability for more customers Stack royalties Manufacturing partners, e.g. BOSCH ‘DOOSAN « OEM/systems customer 1 OEM/systems custome
Slide 5: AVL's presence and scale
—’ AVL’s presence and scale + AVLis a globally recognized consulting engineering firm with the strongest global practice in fuel cell solutions engineering + AVL has 20+ years of experience in fuel cells, with capabilities including: * Test services, methods and infrastructure practice * Highly reco
Slide 6: Framework of the partnership
—/ Framework of the partnership + Creates a systems engineering services practice to offer customers state-of-the-art systems designs incorporating Ceres’ SOFC stack + Ceres and AVL will collaborate on customer acquisition and to identify and exploit the growing interest in SOFC technology in new ap
Slide 7: Revenue evolution
_/ Revenue evolution 1 1 . | PARTNERS’ INVESTMENT Royalties ' IN MASS PRODUCTION ! | FACILITIES ! | | | | | ' ' ' ' I | I | ' ' | ' | | H | | | | Supply for 20.00 ' customer ' ! programmes 15.00 ' | | | i i & 10.000 | Engineering coo ! \ services fees 00 ' | 4 | Fy2016/17, FY 2017/18 FY 2018/19 *201
Slide 8: Deep expertise in stationary SOFC power systems...
Deep expertise in stationary SOFC power systems... AVL SOFC CHP Development AVL SOFC CHP = 5-10kW System available on TRL7, Projects from S5kW to 1 MW = MW powerplant concept design available = Unique system designs for high efficiency, high durability and low cost 1000kW
Slide 9: ...as well as motive development
_/ ...as well as motive development aN AVL Development of SOFC REX 2016 2017 Ethanol CNG, Ethanol 5-30kW C >50% Start-up 15 min Power Density: Power Density: 70W/L SOFC type: SOFC type: MSC 3, Rechberger | Fuel Cell | 29 Oktober 2019 | 32 © Ceres Power Ltd 2020
Slide 10: Summary
—/ Summary + The combination of Ceres SOFC technologies and AVL’s engineering expertise will create a world-leading systems engineering competence + The collaboration should significantly expand and accelerate the global adoption of Ceres technology into new application areas through a well-establis
Slide 11: ©
©
Slide 12: Thank you
THANK YOU INVESTOR RELATIONS TEAM: investors@cerespower.com _info@cerespower.com Ceres Power, Viking House © Ceres Power Ltd 2020
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