Eos Energy Enterprises, Inc. · NASDAQ:EOSE
Eos Energy Enterprises — Investor Presentation (June 2023)
16 slides from Eos Energy Enterprises's investor presentation, June 2023
Slide 1: Company Presentation
Eos Energy Enterprises, Inc. NASDAQ: EOSE Company Presentation June 2023
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements. This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The actual results of Eos Energy Enterprises, Inc. (“Eos”) may differ from its expectations, est
Slide 3: Today's Presenters
Today’s Presenters Joe Mastrangelo Nathan Kroeker Chief Executive Officer Chief Financial Officer 3
Slide 4: Clean Energy Storage that Defies Convention
Clean Energy Storage that Defies Convention ✓ Founded in 2008, 300+ team members From our patented battery chemistry to our ✓ Technology optimized for 4+ hour storage commonsense manufacturing process, Eos’ operating benefits deliver a significant ✓ Zinc electrolyte-based chemistry; No rare earth mi
Slide 5: GWh total energy discharged in the field
1 GWh total energy discharged in the field Enough to 700 MWh Discharged Power ~140,000 2023 Year to Date homes for 4 hours 5
Slide 6: Market Overview
Market Overview eos
Slide 7: The Energy Storage Market is Primed for Growth
The Energy Storage Market is Primed for Growth Estimated Domestic GWh Regulatory and Policy Tailwinds are > Eos Target States to be Installed by 2025 1 Driving Demand Globally2 Significant Opportunity for Eos to capture Significant Opportunity for Eos market share by focusing on 3 key states Interna
Slide 8: Energy Storage Market Segmentation
Energy Storage Market Segmentation Multiple technologies required to meet dynamic use cases Short Medium (Intraday) Long (Interday) Duration 0-3 hours 3-12 hours 12+ hours Market size1 34 GWh 115 GWh 125 GWh Ancillary services Capacity + seasonal flexibility Applications Energy arbitrage Renewable e
Slide 9: Eos' Proprietary Technology
Eos’ Proprietary Technology 9
Slide 10: A Zinc-Based Aqueous Electrolyte Static Battery
A Zinc-Based Aqueous Electrolyte Static Battery A proprietary battery designed specifically for the 3- to 12- hour grid storage market ✓ Simple 1 Non-degradable bipolar electrodes Conductive plastic & carbon-felt ✓ Safe 2 High-performance aqueous electrolyte ✓ Durable Innovative blend of water, hali
Slide 11: Gen 2.3: The Last 12 Months
Gen 2.3: The Last 12 Months Rapidly ramped production to deliver largest customer project to date March 2022 April 2023 New manufacturing 34k+ 208 46 MWh Transitioning facility construction manufacturing to Eos Z3TM; begins; 2 welders online Batteries Energy Blocks Completed 4-hour cycle on Gen 2.3
Slide 12: A Simpler & Lower Cost System – The Eos Z3 Battery
A Simpler & Lower Cost System – The Eos Z3TM Battery Eos’ remaining backlog will be delivered with the Z3 battery, which results in a 50%+ cost-out opportunity at launch + = Simplicity & Density Manufacturability Lower Cost Structure Gen 2.3 Z3 $/kWh Z3 w/ Production Tax Credits + 50% fewer cells pe
Slide 13: Eos Z3 Battery Manufacturing
Operational Excellence Eos Z3 Battery Manufacturing TM 3 stage process to scale manufacturing and optimize CAPEX investment 1 Discrete Manufacturing 2 Semi-Automated 3 Fully Automated Operations Manufacturing Cells Manufacturing Line Q4 ‘22 – Q1 ’23 Q2 – Q3 ’23 Q4 ’23 – Q1 ’24 1M 5-7M 40-50M 110 MWh
Slide 14: Financial Highlights
Financial Highlights eos
Slide 15: Financial Highlights
Financial Highlights Revenue Cash Capitalization Summary $ in millions $ in millions Shares Outstanding as of 3/31/2023 95.2M +168% -6% Cash Balance on 3/31/2023 $16.1M 8.8 Debt Balance on 3/31/2023 $236.8M 17.1 16.1 2 3.3 2021-2023 Funding Summary 3 Koch Convertible Note $100M 2021 1 Trinity Capita
Slide 16: Progress Against 2023 Objectives
Financial Results Progress Against 2023 Objectives + Current opportunity pipeline increased $1B from Q4 ’22 $600–800M + Signed 3 new Letters of Intent for 850 MWh in booked orders + Demand surging, 21% energy storage CAGR through 20301 + Q1 revenue of $8.8M includes final Gen 2.3 new build shipments
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