Turbogen Ltd. · TASE:TURB
Turbogen — Investor Presentation (February 2024)
30 slides from Turbogen's investor presentation, February 2024
Slide 1: Company Overview: Unplugging Blackouts
Company Overview UNPLUGGING February 2024 BLACKOUTS
Slide 2: Disclaimer
Disclaimer •In recent months, the company has carried out a process of updating the company's business strategy based on company data, market data and based on assumptions regarding the company's activities and the relevant market in which the company operates. The aforementioned information is base
Slide 3: The Challenges: US Grid Blackouts
The Challenges THE USA TODAY 344 7963 60% $22B Blackouts in 2023 Hours with no power Increase in power Grid infrastructure during 2023 outages frequency investments in 2022 over the past decade alone, just in the U.S. The US national grid can no longer meet the rising power demand. 03
Slide 4: The Challenges: 11 Million+ EVs by 2035
11 The Challenges 11-Million+ EVs will be on the US roads by 2035 Wood mackenzie 04
Slide 5: Turbogen's Solution
Overview TURBOGEN’S SOLUTION On Site Micro-grid Energy generation & Storage 05
Slide 6: Turbogen Energy Production & Storage
Turbogen TURBOGEN ENERGY PRODUCTION & STORAGE Cooling Electricity Storage Heat Hybrid – Multi fuel NG, Hydrogen Blending, Biogas, Diesel etc. 06
Slide 7: Why Is Electricity So Expensive?
The Challenges WHY IS ELECTRICITY SO EXPENSIVE? $13.3B Grid congestion* costs losses All costs are covered by the end customer 66%Energy waste from producer to consumer *a lack of transmission line capacity to deliver electricity without exceeding thermal, voltage and stability limits designed to en
Slide 8: Buildings Consume 37% of Total Energy Produced
The Challenges BUILDINGS CONSUME 37% OF THE TOTAL ENERGY PRODUCED. BUILDINGS RIGHT WHERE BUILDINGS 37% NOW NEED TO BE 08
Slide 9: Challenges in Improving Building Energy Efficiency
The Challenges CHALLENGES IN IMPROVING BUILDING ENERGY EFFICIENCY Insufficient grid Power Outages High Energy EV Charging Decarbonization Energy Efficiency capabilities Cost 09
Slide 10: The St. James' Tower
Case Study Transitioning to green energy and reducing emissions as a means to avoiding costly fines THE ST. JAMES’ TOWER 415 East 54th Street, New York, NY, 10022 “We elected to go with removing both boilers, then adding one new boiler and a cogen system,” Epstein says, referring to cogeneration, or
Slide 11: Biden Harris Program Incentives
$ Incentives BIDEN HARRIS PROGRAM $8.5 Billion USD Home clean Energy Rebates 8 Years program (July 27th, 2023 - 2031) Installation of Combined Heat and Power System (CHP) , not to exceed peak electrical production at 300kW. 11
Slide 12: Improving Energy Efficiency in Buildings
Turbogen IMPROVING ENERGY EFFICIENCY IN BUILDINGS Small footprint 5 Low Weight Multi-fuel year Zero Emission (on Hydrogen) Between overhaul 40 KW & 120 KW Micro-Turbines CHPs Can be Clustered for higher power demand 12
Slide 13: Microturbines for Onsite Energy: TG-40, TG-120
Turbogen MICROTURBINES FOR ONSITE ENERGY Innovative sub-systems for easy access and maintenance Short downtime for maintenance 1.92m TG-40 40Kw Electricity & 68 Kw Heat TG-120 (Dev.) 1.03m 120Kw Electricity & 180 Kw Heat 2.57m 13
Slide 14: Hydrogen Ready
Turbogen HYDROGEN READY Zero emission ESG compliant Estt. Estt. 2023 2025 50% 100% 14
Slide 15: BEMS
Turbogen BEMS Building Energy Management System 15
Slide 16: BEMS: Cloud Based Energy Management
Turbogen BEMS Cloud based energy management TurboGen’s Energy Management System (BEMS) will enable managing energy produced and stored on site parallel to the grid and smart optimization of costs. *see forward looking information disclaimer 16
Slide 17: Partners
Partners Partners (energy service companies) 17
Slide 18: 1 Hanson Place Installation
1 Installation 1 Hanson Place - Installation 18
Slide 19: Future Installations Roadmap
Roadmap F FUTURE UTURE INSTALLATION 13 Wyoming, US 13 units - 500Kw cold wallet crypto site 1 9 Q1 2024 H2 2024 2024 I 2025 NYC, US NYC, US 1 Hanson Place first demonstrator – 9 sites for clustered units – Residential buildings: MOU up to 6 systems 18 to 27 systems 19
Slide 20: Potential Residential Market $16B
Market POTENTIAL RESIDENTIAL MARKET $16B 517,000 Potential Residential Sites (810 MW) Multi-family residences Based on DOE CHP Report Potential Market State/ Building size (units) 50-99 100-199 200-299 300-499 500-799 <800 Total Total buildings 547 281,359 106,451 76,158 30,554 22,449 517,517 20
Slide 21: Potential Commercial Market $30B
Market POTENTIAL RESIDENTIAL MARKET $30B Office buildings Nursing homes Hospitals Hotels Market Across 264,000 Relevant Sites Based on DOE CHP Report Turbogen Market 5-20 >20 50 - 500kW 0.5Kw - 1MW 1-5 MW Total MW MW Total sites 220,459 44,140 23,305 3,197 800 291,902 21
Slide 22: Business Model – TG40
Business Model BUSINESS MODEL – TG40 Yearly economics: USD Yearly Income 87,716 Yearly Costs: One time Recurring TG40 Cost 110,000 USD/KW 0.22 Electricity Installation 92,000 EMS 7,000 Gas Expenses 32,433 MCF/$10.86 Gas Service 7,008 202,000 46,441 Incentives/Rebates TBD Net income after recurring 4
Slide 23: Business Model – TG120
Business Model BUSINESS MODEL – TG120 Yearly economics: USD Yearly Income 225,699 Yearly Costs: One time Recurring TG120 Cost 168,000 USD/KW 0.22 Electricity Installation 186,000 EMS 7,000 Gas Expenses 97,299 MCF/$10.86 Gas Service 21,024 354,000 125,323 Incentives/Rebates TBD Net income after recur
Slide 24: About Us
Overview ABOUT US 25 Employees: 80% R&D Integrated technologies for the simultaneous, on-site production of 5 electricity and heat Patents 10% Losses 11/2021 57% TASE-Ticket: TURB Heat Demand 100% Fuel 2018 33% Year Established Power Demand 40Kw to 1000Kw 90% CHP method overall efficiency Target Mark
Slide 25: Leadership and Board of Directors
Team LEADERSHIP Yaron Gilboa Amit Ferber Limor Domnitz Ziv Nir Dan Katz Sigal Alex Katz CEO COO Gishri EVP Business VP R&D Berliner-Levinson Strategic Advisor - CFO Development Manufacturing General Counsel US BOARD OF DIRECTORS Tzachi Even Ari Dov Fridman David Derei Eli Zucker Ethy Levy Idan Ben S
Slide 26: Strategic Partnerships Business Plan
Business Plan STRATEGIC PARTNERSHIPS We plan to provide the technology and IP to large U.S. energy vendors who will undertake manufacturing, marketing, deployments and or M&A operations of Energy-as-a-Service based on TurboGen * See disclaimer at the top of the presentation 2024 2027 Up to Close a 1
Slide 27: Financial Model
Financial Model FINANCIAL MODEL Estimated ROI ~ 4 Years example for potential partners *see forward looking information disclaimer K USD Reference Budget Total Revenues Year 1 Year 2 Year 3 Year 4 Year 5 COGS 119,439 418,038 1,194,393 1,741,119 3,482,238 Gross Profit 32,383 113,342 323,833 647,667 1,
Slide 28: Thank You
Turbogen Thank You Power. Perfected. 28
Slide 29: Forward Looking Information Disclaimer
Forward looking Information Disclaimer Projections and Budget: Much of the above content, including but not limited to projections and the company's projected expense budget constitutes "forward-looking information", as defined in the Securities Law, and is based on information and estimates that exi
Slide 30: References
REFERENCES* On the importance of micro-grids to the future of U.S. power management On EV sales growth: EV Electricity Demand: * ‘"Microgrids are vital to enhancing the resilience and reliability of the country’s power system. Expanding * "Annual sales of plug-in electric vehicles in the United Stat