SES AI Corporation · NYSE:SES
SES AI — Investor Presentation (November 2021)
30 slides from SES AI's investor presentation, November 2021
Slide 1: SES
GSES
Slide 2: The automotive industry is going through its biggest transformation in 100 years
The automotive industry is going through its biggest transformation in 100 years
Slide 3: Automakers' electrification commitments
% ¢ @ GM will only sell zero-emission vehicles by 2035 Ford will invest $29 Billion into EVs and AVs by 2025, aiming to be carbon neutral by 2050 Toyota aims for 70% of vehicle sales to be from EVs and invest $13 billion in EV batteries by 2030. Hyundai plans to fully electrify its lineup in global
Slide 4: Lighter and smaller: energy density over time
Lighter Wh/kg 500 450 400 350 300, 250, 200 150 100, 1980s 1990s 2010s 2021 200 600 Wh/L 800 Smaller 7,000 1,200
Slide 5: Slide 5
Slide 6: Pouch Cathode Separator Anode
L_ Pouch Cathode Separator Anode
Slide 7: Conventional Li-ion, All-Solid-State Li-Metal, SES Hybrid Li-Metal
Conventional Li-ion All-Solid-State Li-Metal SES Hybrid Li-Metal Anode Separator et Cathode & Energy Density uf Energy Density Wf Energy Density JV Manufacturability & Manufacturability JV Manufacturability
Slide 8: Slide 8
Slide 9: Evolution of battery electrolytes and safety software
O Old liquid Flammable dangerous @ 1980 1990 T Solid state Safe but poor performance, energy density and manufacturability 2000 2 New liquid High concentration, solvent-in-salt, safe and stable on lithium metal ®@ 2010 3 Safety software Precisely monitor battery health e 2020
Slide 10: Safety software
Safety 3 software
Slide 11: Before After
Before After 98um f | 58um Top View Cross-Section Cross-Section
Slide 12: Conventional Lithium-ion vs SES Proprietary High Concentration Electrolyte
Conventional Lithium-ion SES Proprietary High Concentration Electrolyte: Solvent-in-Salt Electrolyte: x Flammable Vv Self Extinguishing \\) 3 ae ai
Slide 13: Hermes, Apollo, Avatar
i Hermes Platform for new material development Apollo Engineering capability for large automotive cells aN- Avatar Al-powered safety software to monitor battery health
Slide 14: Slide 14
Slide 15: Cell performance by C-rate and temperature
100 | 375 | 325 & 80 5 | 275 g 5 3 60 + 225 3 : L 175 £ 40 L 125 20 75 re) 1 2 3 4 5 6 7 Crate s -30°C -20°C @ -10°C m= O°C 25°C + 40°C Note: all data from 3'4 party testing Energy Density [Wh/kg]
Slide 16: Charge time and cell voltage test data
Note: all data from 34 party testing 100 80 x = 60 @ is) 2 40 [e) é & 2) 20 fo) 6 Time [minutes] arge (LHS) 8 10 == Voltage (RHS) 12 44 43 42 41 4.0 3.9 3.8 CH/ Cell Voltage [V]
Slide 17: Safety tests: nail penetration, overcharge, short circuit, thermal stability
Nail Penetration: «/ PASSED Overcharge: sf PASSED é dies ia acai No thermal runaway even with complete nail penetration No thermal runaway even when charged to ~2x safe charge limit ig 1312010082 3 ES-SH External Short Circuit: of PASSED Thermal Stability: VY PASSED No thermal runaway even when cell
Slide 18: Slide 18
Slide 19: SES
GSES
Slide 20: Slide 20
Slide 21: Large-format cell specifications and discharge curves
107 Ah 0.982 kg 417 Wh/kg 935 Wh/L e (V) ag Volt 45 43 41 BS) G7 35 &3 3) BE) 27 AS) 20 40 — C/I0 discharge 60 Capacity (Ah) — C/3 discharge 80 100 —1C discharge 120
Slide 22: 100Ah Cell Production
1OOAN Cell Production
Slide 23: Dangerous Cycle, Normal Cycle
Dangerous Cycle Normal Cycle
Slide 24: Hermes, Apollo, Avatar
i Hermes Platform for new material development Apollo Engineering capability for large automotive cells aN Avatar Al-powered safety software to monitor battery health
Slide 25: Slide 25
Slide 26: Slide 26
Slide 27: Facilities scale-up: SES A123, Boston, Shanghai, Shanghai Giga
a i @ 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2026 SES Al23 SES Boston SES Shanghai SES Shanghai Giga 3000 saft 25,000 saft 60,000 saft 300,000 saft
Slide 28: SES Shanghai Giga
SES Shanghai Giga
Slide 29: Hyundai Motor Group
HYUNDAI MOTOR GROUP
Slide 30: We are not solid state, we are Hybrid Li-Metal
WE ARE NOT WE ARE Solid State Li-Metal Hybrid Li-Metal Single technology System approach Another “battery breakthrough” Make it work