Hyzon SPAC Presentation Deck

Distributed Steam Methane Reforming (SMR) Lowers the cost of hydrogen by eliminating the distribution costs Distributed SMR Hydrogen Landfill Animal waste Food waste Crop residue Wastewater treatment ■ ■ ■ Waste Gases ■ Renewable Natural Gas Natural Gas HYZON | DCRB+ Modular Distributed SMR Syngas CO2 Carbon Capture, Utilization and Storage Distributed SMR can use Renewable Natural Gas or Natural Gas as a feedstock. The process of producing hydrogen is done on-site so the distribution cost is eliminated. Hyzon is working with Bayotech to offer modular SMR systems ▪ The realized price of hydrogen is projected to be about $3.50 per kg using natural gas The realized price of hydrogen is projected to be higher using RNG, but the customer can decide how green they want to make their feedstock Natural Gas with Carbon Capture, Utilization and Storage (CCUS) is expected to be a carbon neutral process which eliminates the CO2 emitted by a diesel motor. Even without CCUS, the carbon footprint is still much lower than diesel Renewable Natural Gas expected to have a carbon neutral footprint or a carbon negative footprint if CCUS is used APPENDIX Hydrogen THE CUSTOMER DECIDES ON THE FEEDSTOCK DEPENDENT ON LOCAL RESOURCES AND GREEN MANDATE 49

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