Evolution Metals & Technologies Corp. · NASDAQ:EMAT
Evolution Metals & Technologies — Welsbach Technology Metals Acquisition — SPAC Merger (November 2022)
36 slides from Evolution Metals & Technologies's SPAC merger presentation, Nov 28, 2022
Slide 1: Disrupting a World Powered by Batteries
Slide 2: Disclaimer
/ Disclaimer % ‘This presentation the" presntatior hasbeen lt prepared by WaveTech Group. the" Company” or" Wave ct) and Welsbach Technology Metals Acqustlon Cxp [TMA sbelng elvered or infomational and dlscussion pupores only. By accepting ths presentation eachreiiet sree: (to eth prerenation or int
Slide 3: Disclaimer
/ Disclaimer ‘Crtainstatements made inthis presentation areYorwardloking statement within the meaning of the“sfe harbor provisions ofthe Unie Sates Private Securities tation Reform Actof 1995. Such forvarookng statements" with respec tothe Tresactionbetven the Compan and WTMA rcude statements regarc
Slide 4: Global Battery Market Size
/ Markets Global Battery Market Size GLOBAL TOTAL + LEAD ACID1 LITHIUM-ION 4 OTHER? 22 $111.86bn $4284bn $54.64bn $14.38bn GLOBAL TOTAL 1 LEAD ACID 1 LITHIUM-ION + OTHER? By 2030 $ 423.9 bn $121.28bn $257.19bn $45.43bn By 2030 — 16.68% CAGR1 By 2030 — 12.90% CAGR* By 2030 — 19.49% CAGR* Asa result o
Slide 5: The Drive for Growth in Global Energy Storage
/ Markets The Drive for Growth in Global Energy Storage 2022 Global cumulative energy storage installations 2024 2026 ©2028-2030 More than 345 GW To be added between 2021 - 2030.1 Upto $ 262 bn ~ Required Investments. Gigewatt Cumulative 350 358 GW 200 By end of 2030.1 250 200 More than 150 20x I -
Slide 6: World's Solution to Increasing Storage Capacity
/ Markets World’s Solution to Increasing Storage Capacity Massive increase in supply of Lithium-Ion battery materials and manufacturing Inthe upstream, midstream, and downstream ~ delivering higher energy density at lower Recycling weight vs. Lead Acid Battery — ideal for EV’s. Of batteries and mate
Slide 7: WaveTech Solution to Increasing Storage Capacity
/ Solution WaveTech Solution to Increasing Storage Capacity 9 WAVETECH —) foun, Enhancement to the = existing globally installed capacity of Lead Acid Batteries in various energy storage segments, resulting in significant increase of performance, capacity and lifespan. BENEFITS TO WAVETECH SOLUTION
Slide 8: Today's Addressable Energy Storage Market by Segment
/ Applications i] Today’s Addressable Energy Storage Market by Segment @ WAVETECH Enhancement to the existing globally installed capacity of Lead Acid Batteries in various energy storage segments, resulting in significant increase of performance, capacity and lifespan. TELECOM ) Priority 1 | DATACEN
Slide 9: Addressable Applications in Other Segments
/ Applications Addressable Applications in Other Segments ) Priority 3 AUTOMOTIVE & MOTIVE a RENEWABLES AL OIL&GAS ip HEALTHCARE BENEFITS OF LEAD ACID BATTERIES. Lead Acid Batteries are the Remains one of the safest The most recycled Raw materials used in lowest carbon footprint of battery chemistri
Slide 10: Core Technology at a Glance
/ Technology Core Technology at a Glance ca | Crystal Control Technology® Crystal Control Technology® (CCT®) modifies electro-dynamically Core Technology (CCT®) serves as the the electrochemical processes involved in charge and dischargeby __ bedrock of WaveTech's portfolio of imposing modulated vol
Slide 11: Technology Portfolio at a Glance
/ Technology t/) Technology Portfolio at a Glance Each product can be integrated and commercialized together as a Battery Management asa Service. They can also be used and commercialized independently. ca | Crystal Control Technology® Battery Monitoring CCT® BEAT®25, Battery Recovery CCT® for Lithiu
Slide 12: WaveTech's Current Available Products
Source: {WaveTech internalexternal testing and calculations back /WaveTech’s Current Available Products CCT® BEAT®25 Device Upto +200% Lifespan Upto +300% 2) Lifetime energy throughput * ‘Our Crystal Control Upto Technology® (CCT®) Significantly extends battery 50% lifespan and energy throughput er
Slide 13: WaveTech's Current Available Products
/ WaveTech’s Current Available Products. Battery Monitoring System The accumulated datais centrally analyzed with predictive capabilities to deliver valuable insights for maintenance planning, key performance indicators, and budgeting, ‘Active Battery Monitoring provides real-time information, analy
Slide 14: WaveTech Current Services
/ Services WaveTech Current Services The Company also provides design, procurement, installation, testing, certification and maintenance services for battery-powered critical power and structured cabling systems. Combined, these services provide solid, worry-free foundational infrastructures: fast a
Slide 15: Sustainable Results at a Glance
/ Benefits Sustainable Results at a Glance NS) 75% Less Maintenance Visits 1 50% Less Battery 67% Reduction in CO2 Replacements + Emissions t 50% Less Generator Fuel =the kes lanai) Cost 1 Consumption 2 “~ @7 Predictive Maintenance 15 for telecom ope
Slide 16: WaveTech Highlights
/ Company WaveTech Highlights eis x Limited Competition WaveTech believes the company has little to no competition in the Lead Acid Performance Enhancement Space. Upgrade Existing Systems Scalable technologies that can be retrofitted on to existing Energy Storage Systems. Disruptive R&D Pipeline Tec
Slide 17: WaveTech Customer Pipeline & Partnerships
/Validation WaveTech Customer Pipeline & Partnerships WaveTech MOU. ‘AWaveTech MOU isa substantial agreement: typically takes 4-6 months todraft, negotiate and agree, and is usually 10 ages or longer with detailed steps from scoping totesting to contract. Executing the MOU. requires substantial amou
Slide 18: WaveTech Customer Pipeline & Partnerships
/Validation WaveTech Customer Pipeline & Partnerships Currently in discussion under MOU. Fortune Global 500 company in energy infra- structure & technologies Complete energy- efficient solutions provider: ‘Company is a Fortune Global 500 leading, energy management provider which is a market leader i
Slide 19: Technology Validation
Slide 20: WaveTech Two Parallel Strategies for Market Penetration
/Validation i] WaveTech Two parallel Strategies for Market Penetration Strategic Partnerships wenioneentie One ofthe Globalcompany | | Power and Telecom faveTech and Strategic Partners largest battery inenergy infra- | | solutions provider. deliver better battery solutions to i) WAVETECH suppliers i
Slide 21: WaveTech Value Proposition to Telco Customers
Source: {WaveTech Internal calculations this could vary de /Nalue Proposition ) WaveTech Value Proposition to Telco Customers Based on WaveTech's internal analysis, the following demonstrates the potential average annual savings that WaveTech believes a customer can realize by application of WaveTec
Slide 22: Direct to Client: Acquisition and Conversion Process
/ Client Process Direct to Client: Acquisition and Conversion Process Example 4 - Engagement with Tier 4 Telecom Operator ° (OKO) © © °o Operator sit. Operator site Say Field Benchmarking ° whic Gecuitgence pp network tien validation savings 6cfinal with Tier 1 iue diligence ener eae eelkEstn feen T
Slide 23: Subscription Revenue Model Based on Proven Savings
/ Business Model t/) Subscription Revenue Model Based on Proven Savings From Day 1 Subscription Price WaveTech's solutions will based on calculated savings Recurring Monthly Revenue generate monetary savings potential from long term contracts for the customer BENEFITS TO BUSINESS MODEL Installation
Slide 24: Manufacturing Ramp Up Strategy
/ BEAT® Device Short-Term Strategy Manufacturing Ramp Up Strategy CURRENT In-House Production Capacity 3,500 — 4,000 BEAT® devices per month Current Inventory Approx. 10,000 BEAT® Devices Manufacturing BEAT® devices is not capital intensive FUTURE Increase In-House Production Capacity to Gp 10,000 p
Slide 25: WaveTech Financial Overview
/ Financials WaveTech Financial Overview Allfigures in USD mn. 2020 2021, 6M — 2021 6M — 2022 Revenue 34 84 49 52 Gross Profit al 41 ag 18 Loss from Operations 44 “46 “16 “27 EBITDA 23.609 55 “37 “54 (+) R&D Expense 04 19 O41 05 EBITDARD®) 23.209 “36 “3.6 49 Adjusted EBITDARD®) 28 05 -08 “2.1 (2) EB
Slide 26: Earnout Program Effective at Closing of the Business Combination
/ Share Program Earnout Program Effective at Closing of the Business Combination Deadline Number of Shares Value of Shares Milestone Revenue: 23.7mm USD End 2023 3,750,000 37.5mm USD EBITDARD: (350,000) USD Share Price 12.50 USD Revenue: 54.8mm USD End 2024 3,750,000 37.5mm USD EBITDARD: 16.9mm USD
Slide 27: WaveTech Leadership Team at Closing
/ Management WaveTech Leadership Team at Closing AOA KH Dag A. Valand ‘Aasmund Erlandsen Chief Executive Officer & Chief Operating Officer Board Chairman, Founder 25 years international 30 years of executive experience inthe battery experience in the energy industry. sector. Established, grew, and P
Slide 28: WaveTech Board at Closing of Business Combination
/ Board of Directors WaveTech Board at Closing of Business Combination Joining New WaveTech Board AAA Dag A. Valand Chief Executive Officer & Board Chairman, Founder 25 years international experience in the battery industry. Established, grew, and successfully sold his family business (49% ownership
Slide 29: WaveTech Presence
/ Locations t/) WaveTech Presence 52 14 5 USA — WaveTech Group, Inc. - a Delaware Corporation 29
Slide 30: Thank You!
Thank You! Join us in Advancing the Next Wave in Energy Storage!
Slide 31: Additional Information
Additional Information ) 34
Slide 32: WaveTech Financial Overview - Reconciliation
/ Financials WaveTech Financial Overview - Reconciliation Allfiguresin USO 2020 2071 oy 2028 eo 2022 Revenue au29713 8372895, 49053901 569765 Gross Profit, ar2294 4067558 a7iaars asog2i8 Loss from Operations 4307307 4573888 4580932 -2651,798 Loss before Tax 24300219 7976224 4797802 6970114 (+) Depre
Slide 33: Sources and Uses of Funds for the Business Combination
/ Sources and Uses of Funds for the Business Combination Assuming no SPAC Redemption Assuming 100% SPAC Redemption Sources ($m) Uses ($mm) Sources ($m) Uses ($mm) New WaveTech Common New WaveTech Common Stock New WaveTech Common New WaveTfech Common Stock Stockissuedtoexisting 150.0 _Issued toexisti
Slide 34: Pro-forma Shareholding Structure
/ Pro-forma Shareholding Structure Ownership of New WaveTech ater the Business Combination Scenario Scenario 2 Scenario3 (Assuming no redempti (Assuming 50% redemption) (Assuming 100% redemption) ‘Ownership in ‘Ownership in ‘Ownership in Shureg Ownership 6 Shares Ownership % Shuee Ownership % WIMA P
Slide 35: Company Milestones
Company Milestones \) 35
Slide 36: CCT® for Lithium-Ion Battery Platform
/CCT® for Lithium CCT® for Lithium-lon Battery Platform CCT® has been determined to benefit the performance of lithium-ion batteries. Initial optimization work will focus on LFP lithium-ion. batteries. CCT® and the patents describe a method on how to increase cycle life and reduce capacity loss of b
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