Hyzon SPAC Presentation Deck
Summary Projected Financials
($USD IN MILLIONS)
VOLUMES
VEHICLE DELIVERY VOLUMES
HEAVY TRUCK (36T-50T)
MEDIUM TRUCK (12T)
CITY BUS (12M)
CLASS 3 TRUCK / VAN
TOTAL
INCOME STATEMENT
VEHICLE REVENUE
FUEL CELL REVENUE
HYZON ZERO CARBON REVENUE
TOTAL REVENUE
% GROWTH
COST OF GOODS SOLD
(-) VEHICLE
(-) FUEL CELL
TOTAL COGS
TOTAL GROSS PROFIT
GROSS MARGIN %
EBITDA
EBITDA MARGIN %
CAPEX
HYZON | DCRB+
2021E
74
0
11
0
85
35
2
0
$37
חח
$24
1
$25
$12
32.0%
($73)
NM
($63)
2022E
513
110
35
0
658
190
6
1
$198
412%
$132
3
$135
$62
31.5%
($25)
NM
($178)
2023E
2,638
722
68
840
4,268
948
17
7
$972
392%
$665
8
$673
$299
30.8%
$87
8.9%
($161)
2024E
5,660
1,140
340
4,435
11,535
2,176
43
24
$2,242
131%
$1,489
18
$1,508
$735
32.8%
$326
14.5%
($102)
2025E
7,400
1,860
600
7,235
17,095
3,129
105
52
$3,286
47%
$2,139
42
$2,181
$1,106
33.6%
$505
15.4%
($126)
FINANCIALS
No additional equity
required between PIPE
and going to market,
achieving positive cash-
flow
Reflects share of TAM
of ~1% by 2025
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