Hyzon SPAC Presentation Deck
Transaction Summary
Offering Size
Valuation
Pro-Forma Capital Structure
Pro-Forma Ownership²
Listing/Ticker
Decarbonization Team
& Investment Focus
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HYZON | DCRB+
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Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB) is a publicly listed special purpose acquisition company with approximately
$226 million of cash held in trust. DCRB anticipates entering into a business combination agreement with Hyzon in Q1 2021
PIPE size of $400 million, with Korea Zinc and affiliates anchoring PIPE with subscription of approximately 10% of deal size
Transaction reflects a $2.1 billion enterprise value for Hyzon with a strong balance sheet
Implies a steep discount to peer trading levels
Net of transaction expenses, Hyzon will have $576 million of cash to fund operations and growth¹
No additional capital requirements necessary to deliver on near-term business plan
~75% existing Hyzon shareholders, ~10% SPAC and founder shares, 15% PIPE investors
NASDAQ: HYZN (post-merger)
Erik Anderson | Chief Executive Officer
Founder & CEO, WestRiver Group
Exclusive focus on innovation economy, disrupter/attacker
business models, brand leaders in breakthrough categories
Early-stage investor history: Docusign, Teledoc, TopGolf
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Robert Tichio | Chairman
14-year history, Riverstone Holdings LLC
Partner; Menlo Park & New York
ESG & Sustainability investment strategy oversight
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¹ Assumes no redemptions from public stockholders of DCRB. 2 Over 50% of the pro-forma ownership to be held by Horizon.
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DCRB priced IPO in October 2020
Evaluated over two dozen platforms in target
verticals since IPO
Exclusive focus on six decarbonization families:
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Electrification of transport
Greening of fossil fuels
Grid flexibility & resilience
Agriculture
5. Next generation liquids fuels (e.g., hydrogen)
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Next horizon resource use (e.g., smart buildings)
4View entire presentation