Innventure, Inc. · NASDAQ:INV
Innventure — Q1 2025 Earnings Presentation
20 slides from Innventure's earnings presentation, May 15, 2025
Slide 1: First Quarter 2025 Earnings
First Quarter 2025 Earnings May 15, 2025
Slide 2: Disclaimer
2 Disclaimer The material that follows is a presentation ("Presentation") of information about Innventure, Inc. and its subsidiaries (together referred to herein as "Innventure," the "Company," "us," "our," or "we") as of the date of this presentation. The Presentation does not purport to contain al
Slide 3: Disclaimer (cont.)
3 Disclaimer (cont.) • the Company’s access to funds under the Standby Equity Purchase Agreement with YA II PN, Ltd. due to certain conditions, restrictions and limitations set forth therein; • certain restrictions and limitations set forth in the Company’s debt instruments, which may impair the Com
Slide 4: Disclaimer (cont.)
4 Disclaimer (cont.) • operational risks related to the Company and its subsidiaries that have limited or no operating history; and • limited liquidity and trading of the Company’s securities Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incor
Slide 5: Non-GAAP Financial Measures
5 Non-GAAP Financial Measures We use certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (GAAP) to supplement our consolidated financial statements. These non-GAAP financial measures provide additional information to investors to
Slide 6: Operating Company Spotlight – Accelsius
6 OPERATING COMPANY SPOTLIGHT – ACCELSIUS
Slide 7: Sizable Market with Compelling Secular Growth Tailwinds
7 Sizable Market with Compelling Secular Growth Tailwinds Worldwide Data Center 2024 Data Center Liquid Cooling CapEx Forecast ($B)(1) Cooling Technology(2) Market Forecast ($B)(2) $1,000 + Liquid-to- Air Assisted Liquid, 8% $4.8 Liquid… $455 Air Cooling, $1.3 82% 2024 2029 2024 2028 (1) Dell’Oro Gr
Slide 8: Existing Liquid Cooling Solutions
8 Existing Liquid Cooling Solutions One-Phase Water Immersion Two-Phase Direct-to-Chip (One-Phase & Two-Phase) Direct-to-Chip • Water/glycol or water/oil mix • Horizontal form factor with • Eco-friendly, ITE-safe ITE submerged in “baths” refrigerant • Harmful to IT equipment (ITE) • Expensive and su
Slide 9: Why Wins Over One-Phase, Direct-to-Chip
9 Why Wins Over One-Phase, Direct-to-Chip Offers 6°C more headroom than one-phase, direct-to-chip; 38% better Superior Heat Removal thermal resistance at the chip level due to thermal uniformity benefits R1233zd(e): GWP <1, A-1 safety-rated (non-toxic) dielectric refrigerant Non-Conductive Fluid tha
Slide 10: Comprehensive Solution to Today's Data Center Challenges
10 Comprehensive Solution to Today’s Data Center Challenges Today’s Data Center Challenges q AI workloads & high TDP processors ü Fully supports AI workloads and current/future chip TDPs q Increased data center regulations ü Free up to 25% of total pPower q Exhausted power budgets ü Flexible solutio
Slide 11: Flexible Solutions for Every Data Center Environment
11 Flexible Solutions for Every Data Center Environment IR80 & IR150 MR250 LSS & TSR An in-rack two- Simulation Sleds phase, direct-to- 2P D2C solution and Racks that chip cooling that sits replicate high- solution. Enables between racks. density server up to 80 kW & 150 Cools (2) racks loads (rangi
Slide 12: The Evolution of Two-Phase, Direct-to-Chip Liquid Cooling
12 The Evolution of Two-Phase, Direct-to-Chip Liquid Cooling w o- P hase T e C old Plat DLC DLC Water ld Plate pin ging Co DLC Im tion 2 Water ld P late oling Solu 30 0W/cm o o r a dit ional C ed Liquid C 2 T anc Adv 200W /cm ink H eat S 2 m oling 1 00W/c Air Co 2.5 IC Package 3D IC Package Heteroge
Slide 13: Extreme Anticipated Increases in Rack Densities
13 Extreme Anticipated Increases in Rack Densities &
Slide 14: Palpable Momentum in the Marketplace
14 Palpable Momentum in the Marketplace Marketing Lead Generation Partner Ecosystem (3-month Rolling Average) Expansion (# of partners) 822 21 16 685 10 6 379 356 291 272 275 Jan-25 Feb-25 Mar-25 Apr-25 251 234 222 • Partner Ecosystem has grown by 194% since January 1, 2025 • Over 50% of opportuniti
Slide 15: Financial Overview
15 FINANCIAL OVERVIEW
Slide 16: 1st Quarter Financial Highlights
16 1st Quarter Financial Highlights • Revenue in-line with expectations • 1Q 2025 Revenue of $0.2 million; Adjusted EBITDA loss of $21.8 million • As previously communicated, expected Revenue growth would be weighted to the second half of the year • Costs driven by non-cash items and professional se
Slide 17: Q&A
17 Q&A
Slide 18: Appendix
18 Appendix
Slide 19: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
19 Reconciliation of Net Loss to EBITDA and Adjusted EBITDA The following table provides a reconciliation from Net Loss to EBITDA and Adjusted EBITDA for the specified periods: Successor Predecessor Three months ended Three months ended March 31, 2025 March 31, 2024 Net loss (253,674) (7,526) Intere
Slide 20: Innventure
Innventure Creating Companies to Transform Tomorrow