Embark SPAC Presentation Deck
Northern Genesis Acquisition Corp. II
Equipped to Help Accelerate Embark's Growth
Northern Genesis II Overview
Northern Genesis Acquisition Corp. II ("NGII") is an NYSE listed SPAC that
priced its $414M IPO on 1/12/2021
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An "operator-backed" SPAC whose management team founded and built
Algonquin Power & Utilities Corp to a $12B NYSE listed renewable energy
and utility company included in the TSX60 index
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NGII's management team has significant experience in relevant areas:
• Energy industry disruption through renewable power generation
Deep understanding of infrastructure and logistics
Participation in the mobility evolution through Lion Electric electric vehicles
The Lion Electric Transaction was Well Received
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Center of truck and bus fleet
electrification movement
Six million miles driven by 300
all-electric fleet
Proprietary technology created
from 10 years of R&D
11
NORTHERN
GENESIS II
350%
290%
230%
170%
110%
50%
(10%)
Aug-20 Oct-20 Nov-20 Jan-21 Mar-21 Apr-21
Source: Bloomberg
(1) Across equity, debt and preferred share transactions over period of management tenure at AQN and Riverstone
(2) Over 05/06/2021 (Lion Electric closing date) from 8/17/2020 (pricing date) and includes a 1/2 warrant
Northern Genesis II - Embark Transaction
Industry disrupting cost savings and proven technology combine to make Embark
a tangible, executable business proposition
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Embark story brings strong ESG alignment with:
• Environmental benefits from improved fuel economy
Social benefits of safer roads for the travelling public and Improved driver
working conditions
$414M in trust to be augmented by $200M PIPE supported by:
Follow-on investments from Sequoia Capital and Tiger Global
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Participation by Northern Genesis management group
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· Significant commitment from KnightSwift - nation's largest trucking carrier
NGA
+86(2)
"It's not just a question of price or speed to market, the people you
will partner with are essential... When lan called I already knew
who he was because of what he had done [with Algonquin]. I was
speaking with another entrepreneur who had previously gone
public with his company and brought it to a market value of over
$10 billion."
Marc Bedard (Lion Electric CEO)
✪
THE LION
ELECTRIC CO
LO
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