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Investor Presentaiton

BALLARD Global Manufacturing Capacity Vancouver Capacity 2019 2020+ ~2025* MEAS 1.0m 6.0m 10.2m Gigawatt Equivalent 0.24 1.66 2.90 Vehicle Equivalent* 2k 12k 20k Stack Assembly 2.6k 27k 27k Hobro HD Capacity FCmove TM Module Assembly 2019 2020 2023* 50 100 Gigawatt Equivalent 0.24 1.66 1.66 HD Module Assembly 0.2k 5k 10k Ballard Power Systems Ballard Europe MEA Manufacturing Stack Assembly Module Assembly Weichai Ballard Hy-Energy JV (WBHE) WBHE Capacity 2019 2020t ~2025* Stack Assembly 34k 67k Gigawatt Equivalent 2.02 4.21 Vehicle Equivalent* 17k 34k HD Module Assembly 0.5k 20k 67k Power to Change the World † Installed capacity expected at end of 2020, based on 24hr x 7 days/week operation, 350 days/year Building infrastructure designed to accommodate additional capacity expansion within 1 year * Vehicle equivalent based on 70kW FCmove, 500 cells 35
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