Advent Investor Day Presentation Deck

Mobility ADVENT Advent Business Model in JDAs Partners 1. Advent: Manufacturer of MEAS & development of fuel cell systems 2. Tier 1/OEM: System manufacturing scale up and commercial expansion Prototype Phase: Advent develops specific prototype fuel cell system for application/market Year 1 Engineering Fees Year 2 OEM focuses on manufacturing & marketing preparation Early Production Phase: Advent manufactures MEAS and licenses out fuel cell technology to Tier 1/OEM Year 3: 30 MW Licensing fees MEA sales Year 4: 120 MW Mass Production Both Parties scale up their production Year 5: 450 MW Mass market scale- up - to 100k+ units Licensing fees MEA sales Year 6: 750 MW Licensing fees MEA sales Year 7: 1 GW 20

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