Capsol Technologies Asa · OSL:CAPSL
Capsol Technologies Asa — Fearnley Securities Renewables & Clean-Tech Conference 2024
18 slides from Capsol Technologies Asa's conference presentation, Dec 4, 2024
Slide 1: Strengthened CCS business case drives demand growth
Strengthened CCS business case drives demand growth Fearnley Securities Renewables & Clean-Tech Conference December 4, 2024 CEO Wendy Lam
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT FO R PUBLICA TION NO R DISTRIB UTION, IN WHO LE OR IN P ART, DIRE CTLY OR INDIRECTL Y, IN OR INTO AUSTRALIA, CANADA O R THE UNITED S TATES (INCLUDING ITS TERRITORIE S A ND POSSE SSIONS, ANY STATE O F THE UNITED STATED A ND THE DISTRICT O F COLUMBIA ) O R ANY OTHE
Slide 3: Licensor of point source carbon capture technology
Licensor of point source carbon capture technology Offering carbon capture and heat recovery in one system Attractive capture cost Electricity consumption 20-60% 0.5-1.5 Norway (HQ) Germany Lower than amines1 GJ per ton of CO2 captured2 US Years of R&D Hours in operation 15+ ~15,000 ~EUR 50m investe
Slide 4: CCUS value chain for point source emissions
CCUS value chain for point source emissions CO2 emitter Carbon Capture Transport Storage & utilization Waste-to-energy Bioenergy Pipeline Industrial emissions Storage Pulp & paper CapsolGo® • Saline aquifer Demonstration unit • Offshore storage Ship • Depleted oil & gas field Cement & lime Usage Cap
Slide 5: Superior technology platform to decarbonize industry
Superior technology platform to decarbonize industry CapsolEoP® CapsolGT® end-of-pipe Low carbon power generation CapsolGo® demo units Industries Industries Biomass, Energy- Cement Other Utilities Natural gas transportation Data centers Pulp & paper from-waste and lime industries Technology platform
Slide 6: Introducing Capsol
: in | g j technologies il Al Carbon Capture | i CO, removed ; ' i (aipesen CO, . i | t il ==" J a it ‘a = ; ‘ie eae F ae Introducing eapsol
Slide 7: Market backdrop: Accelerating demand for CCS
Market backdrop: Accelerating demand for CCS CO 2 captured per year to reach net-zero1 Recently announced incentives driving demand 8,000 EUR 7,000 Energy Industry Power Removal (BECCS & DAC) HyNet and the East Coast Cluster 26.6bn Million tons capture capacity installed 6,000 5,000 EUR Capture, tra
Slide 8: Strong traction driven by demand and competitiveness
Strong traction driven by demand and competitiveness 15mt mature pipeline representing EUR >100m pre-tax profit potential +58% 16 14 Engineering studies 12 20 projects, 10.4 mt Million tons CO2 10 8 CapsolGo® demonstration 6 8 projects, 3.25 mt 4 2 License agreements 3 projects, 1.35 mt 0 Q3 2023 Q4
Slide 9: Emerging as a preferred technology in target industries
Emerging as a preferred technology in target industries Biomass/Energy-from-waste Cement Gas turbines Clean power and new business Meeting new regulations and Decarbonize hard-to-abate Market drivers opportunities in carbon removal staying competitive gas power • Low energy consumption. • Lower ener
Slide 10: Capsol's first licensing agreement nearing FID
Capsol’s first licensing agreement nearing FID ✓ License agreement with Capsol Technologies ✓ 180 million EUR awarded by EU ✓ Environmental permitting completed ✓ Sweden, Norway, Denmark storage agreement signed between governments ✓ World's largest agreement with Microsoft for carbon removal ✓ Agre
Slide 11: Deep-dive: Selected business cases that highlight Capsol's technology advantages
Deep-dive: Selected business cases that highlight Capsol’s technology advantages
Slide 12: Capsol energy savings turning cement CCS profitable
Cement Capsol energy savings turning cement CCS profitable Making more projects viable, contributing to accelerated path to decarbonization EUR per ton CO2 captured • Energy use typically 50% lower than traditional amine process. -EUR 48 Profit / margin 187 • Stand-alone CCS unit + easy integration
Slide 13: Heat generation boosting EfW CCS projects' returns
EfW Heat generation boosting EfW CCS projects’ returns CapsolEoP® adresses customer needs to provide additional revenue streams EUR per ton CO2 captured Margin EUR 74 - 94 • CapsolEoP® enables additional 208 revenue of EUR 46 per ton CO₂ EUR 6 captured CapsolEoP® 46 heat revenue 156 162 114 -134 • I
Slide 14: Powering datacenters with CapsolGT
Gas turbines Powering datacenters with CapsolGT® Reliable low carbon electricity generation from natural gas Levelized cost of electricity per MWh 2 Willingness to pay ~ USD 115 108 ~ USD 50 margin 74 57 45 Combined cycle Based on recent CapsolGT® Three Mile Island power plant power plant power purc
Slide 15: Concluding remarks and Q&A
Concluding remarks and Q&A
Slide 16: Milestones expected next 6-12 months
Milestones expected next 6-12 months De-risking the path towards long-term goals and revenue potential Bringing New Engineering Stockholm New Expanding CapsolGT® CapsolGo® contract Exergi FID1 licensing partnerships to market deployments awards agreements Generating high Growing project Entering nex
Slide 17: Investment highlights
Investment highlights CCS market estimated to grow 6x by 2030 and 70x next two decades Capsol has a differentiated and highly competitive technology platform Mature pipeline +60% y-o-y to 15 million tons of CO 2 Progress driven by increasingly strong Capsol carbon capture business case Positioned fo
Slide 18: Drammensveien 126, Oslo, Norway
Drammensveien 126 0277 Oslo Norway Our vision is to accelerate capsoltechnologies.com the worlds transition to a net zero future
Capsol Technologies — Fearnley Securities Renewables & Clean-Tech Conference 2024 on 6ix