Nikola Investor Day Presentation Deck
49
PAGE
VTOMIN
HYDROGEN PRODUCTION
(1)
Nikola is partnering with strategic and financial partners to help fund H₂ production facilities to support Nikola's Hydrogen demand from FCEV leases
•
1) PRODUCTION (²)
STRUCTURE & IMPACT
NIKOLA +
STRATEGIC &
FINANCIAL
PARTNERS
Production assets to be structured as
SPV where Nikola owns 0%-50%
SPVS to be funded by partners with a
lower cost of capital
Robust pipeline for projects ideally
suited for investment from ESG funds
Plans to commence construction of the
first H₂ production hub 2H 2022
NIKOLA
"Supply Co."
0000
C
H₂ PRODUCTION MODELS
ain
2) DISTRIBUTION
1) Based on current expectations; subject to change
2) Production assets to be structured as SPV where Nikola owns 0% - 50% of the production entity
F
HUB-AND-SPOKE
OPPORTUNISTIC
OFF-TAKE
ONSITE
H₂ is produced and
dispensed onsite
3) DISPENSING
ECONOMICS
REVENUE
- PRODUCTION
COST
Off-take price to be negotiated
with "Supply Co."
PRODUCTION
Production incentives
intended to reside at production
entity, serve to offset NKLA
offtake price
Estimated steady-state
MARGIN fixed return of 7-10%View entire presentation