Exro Technologies, Inc. · OTC:EXROF
Exro Technologies — Investor Presentation (April 2023)
36 slides from Exro Technologies's investor presentation, April 2023
Slide 1: Driving the Energy Transition with Intelligent Electrification
Driving the Energy Transition with Intelligent Electrification Click to add text Click to add text Click to add text Corporate Presentation Q2 2023
Slide 2: Disclosures
Disclosures This presentation contains forward-looking statements within the meaning of Canadian Company's ability to retain skilled management and staff; currency, exchange and interest securities laws. These statements relate to future events or future performance and reflect rates; the availabili
Slide 3: Exro Overview
Exro Overview Visibility into the company and why it matters
Slide 4: Our technology is the next generation of control for motors and batteries
Our technology is the next generation of control for motors and batteries The content of this presentation is proprietary and confidential information of Exro Technologies. It is not intended to be distributed to any third party without the written consent of Exro Technologies. 4
Slide 5: What We Do
What We Do Deliver next generation power control technology that expands the capabilities of electric motors and batteries enabling e-mobility and energy storage applications to deliver more with less “MINIMUM ENERGY – MAXIMUM RESULTS” Proprietary technologies: Software and electronics R&D, Coil Dri
Slide 6: Investment Highlights
Investment Highlights Accelerating the transition to clean energy by solving the most challenging problems in electrification Innovative drive solutions that Scalable inverter technology co- Macro sustainability tailwinds address major e-transition developed with diverse industry driving growth in m
Slide 7: Capital Structure
Capital Structure Clean structure provides strong foundation for growth Public company in US & Canada Basic shares outstanding 151,791,177 Stock options outstanding 9,718,126 Warrants outstanding 17,073,322 Fully-diluted shares 178,582,625 outstanding TSX: EXRO OTCQB: EXROF NASDAQ ready Capitalizati
Slide 8: Our Core Technology
Our Core Technology The Exro ecosystem Motor Control Battery Control Powertrain Optimization Exro Coil Driver™ brings electric Exro Battery Control System Exro Vehicle Systems offers gearing to EV’s provides cellular level control comprehensive engineering to batteries services Building the Exro eco
Slide 9: Building an Eco-System of Electrification
Building an Eco-System of Electrification Fleet & Buses VCU Powersports End-to-End Automotive System Integration / Electrification Software Solutions Other Industries Other Industries C&I Utility The content of this presentation is proprietary and confidential information of Exro Technologies. It is
Slide 10: Our Core Technology
Our Core Technology Bridging the electrification gap with power electronics expertise MOTOR CONTROL BATTERY CONTROL POWERTRAIN OPTIMIZATION Exro Coil Driver™ brings electric gearing Exro Battery Control System extends Exro Vehicle Systems (EVS) offers full to EVs by enabling multiple speed-torque ba
Slide 11: Realizing our Market Potential through Products that Demonstrate our Technology
Realizing our Market Potential through Products that Demonstrate our Technology COIL DRIVER TM COIL DRIVER TM CELL DRIVER TM LOW VOLTAGE: HIGH VOLTAGE: ENERGY STORAGE 100V 400V, 800V L080 A020 L040 11
Slide 12: Exro Motor Control Solution
Exro Motor Control Solution The World's First Intelligent Coil-Switching Drive Product Validation and Awards Exro Coil Driver™ Unique coil-switching technology optimizes the performance and efficiency of powertrains and other systems including electric motors and batteries De-risked technology that
Slide 13: Say 'Good-Bye' to the Industry Standard 3-Phase Drive…
Say ‘Good-Bye’ to the Industry Standard 3-Phase Drive… …And ‘Hello’ to the Next Generation of Traction Inverters ® Inverters are the heart of electric vehicles, providing the link between the battery and the electric motor ® Advances in inverter technology have ALL been component related (IGBT- SiC)
Slide 14: How it Works
How it Works Coil Driver™: Not a standard 3 phase inverter TRADITIONAL TORQUE CHARTS COIL DRIVER TORQUE CHART Traditional OEMs needed to make a choice Electric drives are now transforming for EVs Two separate modes, two separate motors Coil Driver brings a next-generation of power electronics that f
Slide 15: Coil Driver Supports AC Fast Charging and V2X Capabilities
Coil Driver™ Supports AC Fast Charging and V2X Capabilities Unlocks attractive fleet electrification economics TRADITIONAL DCFC CHARGING VS NEW INNOVATIVE AC FAST CHARGING Powertrain Cost AC Charger DC Charger Baseline EV with Coil Driver™ Cost Cost Powertrain Cost 90% cost reduction $30-$50K $3-5K
Slide 16: Why it Matters
Why it Matters Significant Value Proposition for E-Mobility Market Increase performance by Reduce system cost by Algorithm performs up to 50% real-time optimization up to more than 20% with minimal system cost increase while maintaining same performance Speed Energy Torque Consumption Power Weight P
Slide 17: De-risked Technology
De-risked Technology Technology Readiness Level (TRL) of Coil Driver approaching 9 9 Actual system proven in operational environment Deployment 8 System complete and qualified Currently the Coil Driver is TRL 7->8 7 System prototype demonstration in operational environment We anticipate TRL 9 in Q3/
Slide 18: De-Risked Product Development
De-Risked Product Development Functional demonstration vehicles plus pilots in vehicles on three continents Simulation • Product Testing • On-Road Validation Vehicle demonstrators provide insight into how these EVs can outperform their equivalents, simply by adding Exro technology inside The content
Slide 19: Driven by Disciplined Innovation
Driven by Disciplined Innovation Minimum energy for maximum results What we have done Enhanced performance at high speed, better start ability and gradeability at low speed Improved operational efficiency & extended range Motor and energy supply agnostic, adaptable across mobility applications Scala
Slide 20: Exro Energy Storage Solutions
Exro Energy Storage Solutions Safer, more efficient battery energy storage systems focused on C&I applications Exro Cell Driver™ (90kW/192kWh) ® Industries first bottoms-up designed system with a focus on performance, safety, and reliability ® Integrated battery and power electronics platform that p
Slide 21: Exro's Technology Advantages
Exro’s Technology Advantages CELL LEVEL CONTROL Enhanced safety with individual cell monitoring Full cell control with ability to adjust current per cell Increased depth of discharge Negate cell balancing circuits and traditional BMS Dynamically isolate defect cells or modules while operating ESS MO
Slide 22: The Exro Benefit
The Exro Benefit Differentiated technology for a multi-billion-dollar industry The Exro Cell Driver™ is a fully integrated energy storage system for commercial and industrial applications. Incorporating the Cell Driver™ into a charging depot energy system has the following benefits: Reduce electrici
Slide 23: Powertrain Optimization
Powertrain Optimization Exro Vehicle Systems (EVS), Ann Arbor, MI ® EVS provides critical electric vehicle integration support and provides a platform to onboard clients early in the design ® Supporting leading tier-1 automotive suppliers to provide engineering design and consulting services Capabil
Slide 24: Outlook
Outlook Market Strategy | Our Capabilities | Our People
Slide 25: Large TAM Opportunity Supported by Secular Tailwinds
Large TAM Opportunity Supported by Secular Tailwinds Exro’s Coil Driver and BCS are positioned to capture rapidly expanding use case markets 4% Coil DriverTM ~US$133B Buses 37% Battery Control System ~US$224B MDV (3) 45% ~US$224B 10% HDV(3) Two-Wheelers 2023-2030 2030 TAM 28% CAGR: 10% US$357B+ LDV(
Slide 26: A Systematic Go-to-Market Strategy
A Systematic Go-to-Market Strategy Roadmap to capitalize on a rapidly growing and changing electrification ecosystem Attack market in waves: build on Expand technology offering Continue successful track momentum with key ecosystem through core products record of innovation players partnerships Incre
Slide 27: Building Credibility Through Commercial Execution
Building Credibility Through Commercial Execution Demonstrating our innovation through increasingly strong partnerships LOW VOLTAGE HIGH VOLTAGE CELL DRIVER * * * STRATEGIC NDA Europe NDA Europe #2 (off-highway) (truck/bus) * PO’s and MSA’s with just 3 customers announced to date represent >US$100 M
Slide 28: Start of Production Q3 2023
Start of Production Q3 2023 World-Class Manufacturing Center in Calgary, AB Clean room setup May 2022 North American Supply Chain Solution Capacity of ~100,000 Coil DriversTM/year/8 hr shift Class 10,000 clean room with SMT line(s) Net-Zero targeted building Launch of commercial production Q3 2023 I
Slide 29: Next Two Quarters Roadmap
Next Two Quarters Roadmap Samples to customers – Low Voltage A020 Complete system testing on final DFM High Voltage L040 with Motors Complete demo trucks for on road validations Complete UL Certification on Cell Driver Durability testing on Products Start of production on Cell Driver with pilots to
Slide 30: Comprehensive Intellectual Property Protection Program
Comprehensive Intellectual Property Protection Program Exro’s patented control technology expands the capabilities of electric motors and batteries 40 PATENTS PUBLISHED AND PENDING 25 issued patents and 15 pending applications IP wholly owned in 13 patent families providing or seeking global protect
Slide 31: Managing Risks Through Well Defined Supply Chain Program
Managing Risks Through Well Defined Supply Chain Program 10+ Years of Relationship with Leading Suppliers GLOBAL TIER 1 SUPPLIERS Commitment to long-term partnerships with quality suppliers, which includes global Tier 1 OEMs Development partners lead to long-term partnerships with suppliers Strong D
Slide 32: Environmental, Social, Governance
Environmental, Social, Governance Committed to the highest standards ENVIRONMENTAL SOCIAL GOVERNANCE Environmental matters are at the core of Exro fosters a cohesive and inclusive Rigorous and impactful governance is Exro’s operations and are embedded across corporate culture, enabling positive foun
Slide 33: Management
Management Strong team in place to see Exro through accelerated growth Sue Ozdemir John Meekison Chief Executive Officer Chief Financial Officer Former CEO of GE's Small Industrial Motors 20+ Years Experience as CFO in Capital and Division - General Electric (NYSE: GE) (“GE”). Small Cap Markets. $16
Slide 34: Board of Directors
Board of Directors Extensive automotive industry experience & connections Rod Copes Sue Ozdemir Interim Chairman Chief Executive Officer Former Chief Operating Officer at Rivian electric Former CEO of GE's Small Industrial Motors vehicles; Former division President at Harley- Division - General Elec
Slide 35: Why We Win
Why We Win TECHNOLOGY Industry disruptive technology Efficient but dynamic Award winning ENGINEERING IN-HOUSE TESTING & & DESIGN MANUFACTURING Best in class engineering Unique north American world-class Unique intellectual property manufacturing facility Increasing performance and In-house dyno test
Slide 36: Thank you
Thank you Sue Ozdemir 12-21 Highfield Circle SE Chief Executive Officer Calgary, AB, T2G 5N6 Canada John Meekison 7853 E Ray Rd, Chief Financial Officer Mesa, AZ 85212, USA Darrell Bishop www.exro.com Chief Investment Officer @exrotech Questions? [email protected]
Exro Technologies — Investor Presentation (April 2023) on 6ix