Slide 1: Second Quarter 2025 Earnings
Second Quarter 2025 Earnings August 14, 2025
Slide 2: Disclaimer
2 Disclaimer The material that follows is a presentation ("Presentation") of information about Innventure, Inc. and its subsidiaries (together referred to herein as "Innventure," the "Company," "us," "our," or "we") as of the date of this presentation. The Presentation does not purport to contain al
Slide 3: Disclaimer (cont.)
3 Disclaimer (cont.) • the Company’s access to funds under the Standby Equity Purchase Agreement with YA II PN, Ltd. due to certain conditions, restrictions and limitations set forth therein; • certain restrictions and limitations set forth in the Company’s debt instruments, which may impair the Com
Slide 4: Disclaimer (cont.)
4 Disclaimer (cont.) • operational risks related to the Company and its subsidiaries that have limited or no operating history; and • limited liquidity and trading of the Company’s securities Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incor
Slide 5: Non-GAAP Financial Measures
5 Non-GAAP Financial Measures We use certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (GAAP) to supplement our consolidated financial statements. These non-GAAP financial measures provide additional information to investors to
Slide 6: Operating Company Updates
6 OPERATING COMPANY UPDATES
Slide 7: Supportive Market Backdrop and Compelling Opportunity
7 Supportive Market Backdrop and Compelling Opportunity AI workload needs are undeniable… …but we are still in the very early stages • Only 14% of companies are in 100% Of surveyed IT organizations are production at scale phase of their AI workloads(1) at least in the AI investigation and use-case d
Slide 8: Continued Momentum with Key Focus Groups
8 Continued Momentum with Key Focus Groups Engaged first hyperscaler for a proof-of-concept system. Currently in Hyperscalers discussions with two additional hyperscalers Began taking orders from global OEM partner, one of the largest in the Global OEMs data center sector Announced exciting collabor
Slide 9: Palpable Momentum in the Marketplace
9 Palpable Momentum in the Marketplace Marketing Lead Generation Partner Ecosystem (3-month Rolling Average) Expansion (# of partners) 990 21 939 687 577 385 360 535 294 277 281 259 227 238 6 January 2025 July 2025
Slide 10: AeroFlexx – Continued Momentum and Execution
10 AeroFlexx – Continued Momentum and Execution Consistent Engagement with Top Strengthened Execution Industry Players IP Position 4 Straight quarters of 7 Top CPG companies reengaged in 2 Additional patents awarded in 2Q25 revenue generation discussions after Critical Guidance that present a flexib
Slide 11: Refinity – Executing on 2025 Strategic Priorities
11 Refinity – Executing on 2025 Strategic Priorities Strategic Priority Status Sign engineering, procurement and construction partner for first Completed 2Q25 plant design and delivery On track for 3Q25; Demonstrate viability of fluid bed conversion of mixed plastic waste to Preliminary results liqu
Slide 12: Financial Overview
12 FINANCIAL OVERVIEW
Slide 13: 2nd Quarter Financial Highlights
13 2nd Quarter Financial Highlights • Revenue in line with expectations Three months ended • Growth in commercial bookings for Accelsius to be weighted to the second half of 2025 $ in millions June 30, 2025 June 30, 2024 • Expected operating leverage • $2.8 million cost of sales and $2.2 million of
Slide 14: Q&A
14 Q&A
Slide 15: Appendix
15 Appendix
Slide 16: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
16 Reconciliation of Net Loss to EBITDA and Adjusted EBITDA The following table provides a reconciliation from Net Loss to EBITDA and Adjusted EBITDA for the specified periods: Successor Predecessor in thousands Three months ended June 30, 2025 Three months ended June 30, 2024 Net loss $ (141,275) $
Slide 17: Innventure
Innventure Creating Companies to Transform Tomorrow