Slide 1: August 2024
$ August 2024
Slide 2: Legal Disclaimer
Legal Disclaimer The information included in this presentation (the “Information”), and any other information which is conveyed by means of this presentation, is presented for convenience purposes only, and does not constitute an exhaustive description of all data regarding Gencell Ltd. and/or its s
Slide 3: GenCell 2024 (projected) — Key Highlights
GenCell 2024 (projected) — Key Highlights: Ly Increases sales by ~70% to ~$8m (compared to 2023) Ly Reduces expenses in 2024 by ~$3.4m vs 2023 ‘> Launches a new plan to reduce expenses on an annual basis by an additional ~$5m (as of 2025) © ®& ¢ GenCell
Slide 4: ~$1.8m of total are held in restricted deposits
* ~$1.8m of total are held in restricted deposits ** including units deployed against earlier orders © KR @®
Slide 5: Communications — Orders Backlog
@ Communications — Orders Backlog Trend for Fuel Cell Backup Power for Critical Communications Infrastructure in Europe 45 $4.9M telecom deal with European provider to deploy and maintain emergency backup power units in remote locations: 4 GenCell won tender - H2 2023 4 Contract signed - Hi 2024 4 D
Slide 6: Utilities - Orders Backlog
«& Utilities - Orders Backlog By EOY24 to be largest fuel cell deployment in utility In 2024, CFE exercised its right to order additional GenCell REX units in a multi-million-dollar deal. GenCell will deliver in the third quarter of 2024 half of this order for ~$4.4m. The company expects to finalize
Slide 7: Strategic U.S. Expansion
fff Strategic U.S. Expansion Comprehensive plan to penetrate the U.S. market with a strong focus on expanding sales of the company’s current and future products. oO Product Focus Product line meets critical needs of bothU.S. power utilities and their mission-critical power end-user customers to miti
Slide 8: Progress in USA
% @ Progress in USA Focus Markets: California & Texas 4 EVOX units deployed at first US-based sites: 4 UCLA, CA: Deploying EVOX in fourth quarter of 2024 to power EV fleets and meet sustainability goals. 4 EVOX Expo @ CMC Sacramento, CA: Showcasing EVOX in action at California Mobility Center as a p
Slide 9: Workforce Reduction, Reduction of G&A Expenses, Reduced Investment in R&D
1 Workforce Reduction 2 Reduction of G&A Expenses 3 Reduced Investment in R&D 4 Reduction of Manufacturing Area & Office Space 5 Increased Utilization of Outsourced Production Services
Slide 10: Outsourcing Plan
_7 Outsourcing Plan [| The company has executed a plan to outsource a majority of its production operations - substantially reducing production costs. Cost Conversion Conversion of fixed costs to variable costs. Diversification of Facilities aad Diversification of production facilities to ensure ope
Slide 11: Concentration on Killer Technologies
Concentration on Killer Technologies Main Activities @ 8744.0 FQ tons Hh .stlt ill sedltallld... wall 4 Hold on development of OX and new electrode development 45 Ammonia Cracking Unit: Redesign of ACU completed to support a 10kW fuel cell for EVOX and dual fuel integration — hydrogen and ammonia. 4
Slide 12: Key Takeaways
Key Takeaways: Increasing Sales While Reducing Expenses ~$10m backlog, ~$30m opportunity pipeline Revenue forecast for 2024 of ~$8m will lead to a reduction in the burn rate in H2 to ~$1.im/month ©s © >< Targeting critical power needs with tailored products offering unique benefits for the North Ame
Slide 13: GenCell's Vision
GenCell's Vision: End- to end zero emission energy on-site, wherever power is needed Produce Your Fuel at Point of Use ‘45 Water2Power green ammonia synthesis Store Your Fuel 4 Seasonal storage as ammonia Generate Clean Power 4 Crack ammonia for hydrogen-on-demand 4 Resilient fuel cell power GreenFS
Slide 14: Thank You
THANK YOU ‘i , $cencel