Slide 1: Hexagon Purus Q1 2021 Presentation
HEXAGON PURUS Q1 2021 PRESENTATION 11 May 2021 MorteEN HOLumM, CEO DILIP WARRIER, CFO
Slide 2: Disclaimer and important notice
Disclaimer and important notice This company presentation (the “Presentation”) has been prepared by Hexagon Purus ASA (“Purus” or the “Company"). The Presentation has not been reviewed or registered with, or approved by, any public authority, stock exchange or regulated market place. The Company mak
Slide 3: Agenda
Agenda HIGHLIGHTS FROM FINANCIALS OUTLOOK AND Q&A Q1 2021 PURUS 3 (HEXAGON
Slide 4: Highlights from Q1 2021
Slide 5: Key highlights from Q1 2021
Hexagon Purus (HExAgon Key highlights from Q1 2021 GLOBAL ZERO SEVERAL EMISSION COMMERCIAL SCALE-UP MOMENTUM MILESTONES EFFORTS CONTINUES TO REACHED ACCELERATING STRENGTHEN
Slide 6: Hydrogen projects of unprecedented scale are being announced
6 Hydrogen projects of unprecedented scale are being announced across the entire hydrogen value chain globally HEXAGON PURUS e i 228 e @ e fe announced projects e e globally “2 "~ “fps e e ° e e ote 80bn USD of investment in these projects can be le considered mature, another >200bn has @e ry ¢ e *
Slide 7: Selected by Nikola Corporation to supply hydrogen cylinders for serial production
Selected by Nikola Corporation to supply hydrogen cylinders for serial production R fa “ wy N ———— NIKOL)A Hexagon Purus signed a long-term agreement with Corporation to develop and supply its The scope of the agreement is over a multi-year period with an estimated sales value in excess of The proje
Slide 8: Signed joint venture agreement with WIC Enric for China and Southeast Asia
Signed joint venture agreement withi@l WIC Enric for China and Southeast Asia China is expected to become the largest global market for FCEVs JV for cylinder and cylinder systems “<s=_ production for FCEVs . and hydrogen distribution in China and Southeast Asia The parties are now preparing the join
Slide 9: Robust hydrogen distribution activity; several recent contract wins
Robust hydrogen distribution activity; several recent contract wins = ps HEXAGON Purus’ X-STORE® HYDROGEN DISTRIBUTION MODULE initial order for SMARTSTORE® hydrogen distribution modules worth Wystrachl, Worldwide arte preciion supply of type 4, 300 bar cylinders for in France and Germany Orders wort
Slide 10: Internal scale-up efforts intensified
Internal scale-up efforts intensified Adding ~100+ employees in 2021 2020A ~140 FTEs AAR Production support Engineering . Program management 2021E >240 FTEs administration a ck 10
Slide 11: COVID-19 update
4 A A 4 * ‘ = a Lai Six cases reported in 2021 All production facilities have remained open during the quarter Long lead times on certain key components such as battery cells Remaining vigilant and ready to deploy additional counter measures if required HEXAGON PURUS
Slide 12: Financials
HEXAGON PURUS
Slide 13: Financial highlights | Q1 2021 and LTM
Financial highlights | Q1 2021 and LTM Hexagon Purus e-mobility (excl. CNG LDV) 189 = | 0 220 420 ara 2020 umarai pg “ * i 43 “52 ~62 “ ia “159 13 HEXAGON PURUS
Slide 14: Revenue split by application | Q1'21 vs. Q1'20
Revenue split by application | Q1'21 vs. Q1'20 Hexagon Purus e-mobility (excl. CNG LDV) Q1 2021 Q1 2020 Other Other 8% 28% 10% 13% NOK 57M NOK 48m 10% 68% Transit bus 33% Distribution 14 Hydrogen storage systems, battery packs and EV drivetrain integration Hydrogen distribution modules Hydrogen cyli
Slide 15: Balance sheet | Q1 2021
Balance sheet | Q1 2021 Hexagon Purus e-mobility Assets | NOKm 2,061 45 94 283 CASH AND CASH EQUIVALENTS: NOK 1,091m 31 March 2021 Il Fixed assets Inventory Cash MM Other current assets Il Receivables Assets held for sale Equity & Liabilities | NOKm 2,061 2? ad 122 EQUITY RATIO: 74% 31 March 2021 Ml
Slide 16: Cash flow | Q1 2021
Cash flow | Q1 2021 Hexagon Purus e-mobility NOKm r 155) 1,246 135 Cash outflow from operations 4 4 on include c. NOK 44m in increase in working capital CNG LDV (discontinued operations) drove NOK 24m cash outflow Cash balance Cash flow from Cash flow from Cash flow from FX Discontinued Cash balance
Slide 17: Outlook and Q&A
“aOutlook’and Q&A HEXAGON PURUS
Slide 18: Large and diversified project pipeline
HEXAGON PURUS Large and diversified project pipeline LIGHT-DUTY Meoium & HEAVY DISTRIBUTION Marine, RAIL, GROUND: OTHER VEHICLES DUTY VEHICLES ‘STORAGE AND MOBILE REFUELING ~80 projects 18
Slide 19: Hexagon Purus is preparing for market take-off
Hexagon Purus is preparing for market take-off... USD 70bn ES 30% of government funding of all sold trucks has been announced to emission-free by 2030 support project and in 15 states (California, technology development New York..) EUR Itrn () USD 55,000 funding for the Green subsidy for each fuel c
Slide 20: Financial targets unchanged
Financial targets unchanged (Eacon NOKm Targeting more than 50% YoY revenue growth in 2021 ..and NOK 4-5bn of revenue in 2025 ~4,000-5,000 180 2020 2021 2020 2025 20
Slide 21: Q&A
Q&A HEXAGON PURUS
Slide 22: Appendix
Slide 23: Financial statements | P&L
23 Financial statements | P&L Hexagon Purus e-mobility (excl. CNG LDV) Income Statement (NOK 1000) 12021 Q12020 31.12.2020 Revenue from contracts with customers 55593 48.119 178 121 Other operating income 1716 149 1693 Total revenue 57309 48.269 179814 Cost of materials 28.939 26783 86717 Payroll an
Slide 24: Financial statements | Balance sheet & cash flow
24 Financial statements | Balance sheet & cash flow Hexagon Purus e-mobility (excl. CNG LDV) BALANCE SHEET (NOK 1000) 31.03.2021 31.03.2020" 31.12.2020 CONDENSED CASH FLOW (NOK 1000) 31.03.2021 ASSETS Profit before tax from continuing operations ~104330 Property, plant and equipment 84080 130 059 76
Slide 25: Investor relations information
Investor relations information INVESTOR BASE’ EXCHANGE INFORMATION | ‘SHARE TRADING STATISTICS it Ea + TICKER SYMBOL: HPUR + ISIN: NO0010904923 NOK ~9bn ~5,100 + EXCHANGE: EURONEXT GROWTH OSLO Marker CAPITALIZATION! SHAREHOLDERS ‘HPUR c 9 eunoNEMT NOK ~20m 74.7% GROWTH DAILY TURNOVER’ OWNED BY HEXAG