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Investor Presentaiton

11 200 TWh or more than EUR 1 000 billion* market potential Temperature ranges and example for industrial processes Very-high-temperature heat (>1,000°C) Melting in glass furnace, reheating of slab in hot strip mill, and calcination of limestone for cement production Global Heat demand and investment requirements* [TWh/year] 25 900 High-temperature heat (400-1,000°C) Steam reforming and cracking in the petrochemical industry Medium-temperature heat (100-400°C) Drying, evaporation, distillation, and activation Low-temperature heat Washing, rinsing, and food preparation (≤100°C) TAM 11,200 SAS > EUR 1 000 billion investments required *Aurora 2021=> https://f.hubspotusercontent40.net/hubfs/8855495/documents/2021-11-25%20Aurora%20-%20Kyoto%20presentation%20CMD%20Q4%202021.pdf TAM (Targeted Addressable Heat Market) = Global heat demand - heat demand outside the industry SAS (Serviceable Addressable Segments) = TAM - heat demand outside relevant temperature range - existing low-carbon heat + pre-heating demand KYOZO
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