Emerald Horizon Ag · VIE:SMRX
Emerald Horizon — Pitch Deck (March 2024)
39 slides from Emerald Horizon's pitch deck, March 2024
Slide 1: Emerald Horizon Pitch Deck
Emerald Horizon Pitch Deck March 2024 Strictly Private and Confidential
Slide 2: Contents
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Contents Current Market Environment 4 Emerald Horizon 12 1 ADES 16 2 CALstore 22 Timeline and Partnerships 25 Funding Need & Unit Economics 31 Annex 34 Strictly private and confidential March 2024 PwC Emerald Hor
Slide 3: Disclaimer
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Disclaimer The shareholders of Emerald Horizon AG (the "Shareholders") have retained PwC Advisory Services GmbH (referred to in the following as “PwC”) as advisor and would like to determine the interest of inves
Slide 4: Current Market Environment
Current Market Environment March 2024 4
Slide 5: Current macroeconomic shifts will accelerate the transition to greener & more sustainable energy
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Current macroeconomic shifts will accelerate the transition to greener & more sustainable energy Energy Markets Energy Policy • The combination of high and volatile energy prices is • In response to immediate sup
Slide 6: Technologies are required – and available – to meet climate goals
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Technologies are required – and available – to meet climate goals Current Trajectory Fulfilled commitments Net Zero by 2050 The temperature rise will reach 2.5°C The temperature rise will reach 1.7°C The temperat
Slide 7: Growth opportunities as a result of the energy transition are vast
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Growth opportunities as a result of the energy transition are vast Centralised, predominantly fossil fuel energy, Majority renewable energy, virtual energy stable transmission and supply management, distributed e
Slide 8: The global demand for electricity and its share in overall energy consumption will rise
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex The global demand for electricity and its share in overall energy consumption will rise in the next decades World Final Energy Consumption – provides an outlook based World Final Energy Consumption - assumes all
Slide 9: The volatility of renewable energy sources necessitates substantial investments in grid infrastructure
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex The volatility of renewable energy sources necessitates substantial investments in grid infrastructure Volatile electricity sources overload the grid Issues with Grid Expansion • During peak times, the volatile n
Slide 10: Decarbonization, decentralization and digitisation are disrupting conventional energy business models
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Decarbonization, decentralization and digitisation are disrupting conventional energy business models Decarbonization • International efforts to reduce CO2 emissions from source to user through government policy,
Slide 11: Unstable energy markets profoundly impact the environment, economies and ultimately society
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Unstable energy markets profoundly impact the environment, economies and ultimately society Non-self sufficient nations suffer from Increased use of fossil fuels high price inflation and volatility Depletion of n
Slide 12: Emerald Horizon
Emerald Horizon March 2024 12
Slide 13: Emerald Horizon offers decentralised, carbon free and non-volatile energy
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Emerald Horizon offers decentralised, carbon free and non-volatile energy Emerald Horizon – The beginnings Industry – Energy as a Service Energy Production via advanced nuclear Power • Investors and co-founders o
Slide 14: Key investment highlights
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Key investment highlights Passionate Team – The team consists of 38 (internal & external) dedicated team members and is expanded continuously Green Innovation Leader – Pioneering advanced clean energy solutions s
Slide 15: Emerald Horizon's experienced and dedicated management team
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Emerald Horizon’s experienced and dedicated management team Florian Wagner MMag. Philipp Pölzl DI Dr. Mario J. Müller CEO CFO CTO Florian Wagner is Co-Founder & CEO at MMag. Philipp Pölzl is Co-Founder & CFO at D
Slide 16: ADES
1 ADES ADES March 2024 16
Slide 17: ADES is a unique combination of molten salt reactor and accelerator driven system technology
1 ADES Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex ADES is a unique combination of molten salt reactor and accelerator driven system technology Molten Salt Reactor Accelerator driven system • A molten salt reactor uses fluoride salt as primary coolant, at
Slide 18: The heat produced within the system can be converted to electricity, hydrogen or any other form of energy
1 ADES Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex The heat produced within the system can be converted to electricity, hydrogen or any other form of energy 5 4 3 3 2 1 1 2 3 4 5 Particle injection: Amplification: Heat exchanger: Electricity: Hydrogen: The
Slide 19: ADES has a multitude of applications across various industries
1 ADES Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex ADES has a multitude of applications across various industries Applications Industries Energy Generation E-mobility Transportation Urban Areas Augmentation and Facilitate the rising electricity Zero-emissi
Slide 20: ADES offers clean and safe technology
1 ADES Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex ADES offers clean and safe technology • ADES has a passive-safe ON/OFF control unit. ON/OFF switch • ADES leverages AI to adjust its power output based on the installation location. • ADES thereby ensures
Slide 21: Overall, the new technology is a small, scalable and risk-optimized solution to energy generation
1 ADES Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Overall, the new technology is a small, scalable and risk- optimized solution to energy generation Container size: Compact modular design allows for quick and cost-effective production, transport and insta
Slide 22: CALstore
2 CALstore CALstore March 2024 22
Slide 23: The flexible molten salt storage offers versatile solutions for advanced energy management
2 CALstore Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex The flexible molten salt storage offers versatile solutions for advanced energy management 1 2 3 1 2 3 USPs of CALstore Input: Storage: Output: • CALstore stores large amounts of energy (5 MWh) which c
Slide 24: CALstore bridges the time gap between volatile energy supply and peak energy demand
2 CALstore Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex CALstore bridges the time gap between volatile energy supply and peak energy demand Electricity Storage Applications Renewable sources often generate electricity during periods of low Utilities Urban A
Slide 25: Timeline and Partnerships
Timeline and Partnerships March 2024 25
Slide 26: Emerald Horizon has completed significant milestones to date
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Emerald Horizon has completed significant milestones to date Expertise to contract energy modules (established PV project business and invoicing) Technological and economic concept developed (ADES, CALStore) Vent
Slide 27: Serial production for CALstore could start after 2027, while ADES after 2030
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Serial production for CALstore could start after 2027, while serial production for ADES could start after 2030 2029 2024 2026 -30 Establishing a photovoltaic contracting business providing ADES Testing smaller sa
Slide 28: Regulatory approvals are considered at an early stage and intensified as the technology progresses
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Regulatory approvals are considered at an early stage and intensified as the technology progresses 1 2 3 4 5 6 ADES Licensing Regulatory Engineering Preparation External Regulatory Concept and review: advancement
Slide 29: A strong partner network enhances the company's capabilities
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex A strong partner network enhances the company’s capabilities Emerald Horizon is committed to collaboration and building strategic partnerships in all areas Technology Partners R&D Partners Financial/Business Exp.
Slide 30: Emerald can quickly scale its workforce due to its extensive partner network
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Emerald can quickly scale its workforce due to its extensive partner network Current staff and further scale-up • Emerald Horizon currently employs 13 staff and leverages the expertise of 25 external employees th
Slide 31: Funding Need & Unit Economics
Funding Need & Unit Economics March 2024 31
Slide 32: €250m investment over the next 5 years for ADES prototype and demonstrator development
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex €250m investment over the next 5 years for ADES prototype and demonstrator development Minimum development costs in €m Available funds to initiate serial production 119 40 131 14 2 20 4 18 119 3 53 5 14 - - - - A
Slide 33: Due to low operating costs, each ADES generates attractive returns
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Due to low operating costs, each ADES generates attractive returns Year 2031 2032 2033 2034 2035 ADES – P&L (abbreviated) 1 Generated Electricity [MWh] 87 600 87 600 87 600 87 600 87 600 A useful life of 20 years
Slide 34: Annex
Annex March 2024 34
Slide 35: ADES (design)
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex ADES (design) Strictly private and confidential March 2024 PwC Emerald Horizon 35
Slide 36: ADES (detail)
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex ADES (detail) Strictly private and confidential March 2024 PwC Emerald Horizon 36
Slide 37: Development Costs (detail)
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Development Costs (detail) Maximum development costs in €m 45 45 205 33 37 90 22 Prototype Control unit Amplifier unit Infrastructure Human Resources Total use of funds Control unit Amplifier Unit Infrastructure
Slide 38: Product Lifecycle of ADES (simplified)
Contents Current Market Environment Emerald Horizon Funding Need & Unit Economics Annex Product Lifecycle of ADES (simplified) Year 1 Year 1 Year 1-20 (+) Year 21 Year 21 Year 25 Production Shipment Operation Replacement Reduction Shipment ADES is built at ADES can safely be ADES has a useful ADES i
Slide 39: Contacts
Contacts Fritz Wieser PwC | Associate Mobile: +43 676 505 67 57 Email: fritz.wieser@pwc.com Ferdinand Croÿ PwC | Associate Mobile: +43 676 333 5541 Email: ferdinand.croy@pwc.com Stephan Brandweiner PwC | Senior Manager Mobile: +43 699 1630 5222 Email: stephan.brandweiner@pwc.com © 2024 PwC. All righ