Investor Presentaiton
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Forward Looking Statements
This presentation contains forward-looking statements, including: estimated revenue; gross margin; cash operating costs; adjusted EBITDA; product cost
reductions; liquidity; market size and growth projections; customer value propositions; and expected sales and product shipments. These forward-
looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to our financial
forecasts and expectations regarding our product development efforts, manufacturing capacity, and market demand.
These forward-looking statements involve risks and uncertainties that may cause our actual results to be materially different, including, general economic
and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a
detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to our most recent Annual Information Form.
Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to
these forward-looking statements, other than as required under applicable legislation.
All amounts are consolidated to include Ballard Power Systems Europe A/S, Ballard Unmanned Systems Inc., Guangzhou Ballard Power Systems Co., Ltd.,
and Ballard Fuel Cell Systems Inc. Results are in U.S. dollars, unless otherwise noted.
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