Solid Power DCRC+ Financial Overview

Financials and Valuation Solid Power Offers a Compelling Valuation with Significant Upside Post-Money Enterprise Value Discounted Enterprise Value Future Enterprise Value Multi-Pronged Platform Upside L $6.7bn ~332% Midpoint Premium $4.0bn L $1.2bn Post-Money Enterprise Value Discounted 5 Years (2026 to 2021) at 20% 6.0x $16.7bn $10.0bn 10.0x TEV / T + 2 Revenue (2028 revenue in 2026) ↑ Apply a range of 6.0x-10.0x EV/ Revenue multiple to Solid Power's 2028E revenue ($1.7bn) to arrive at an implied Future Enterprise Value Future value enterprise range is discounted 5 years to arrive to an implied discounted value range Solid Power DCRC+ 44

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