Investor Presentaiton
BALLARD Investment Thesis
Power to Change the World
1.
7.
Strong Policy Complex is Developing, Underpinned by Mega Trends
Decarbonization; air quality improvement; electrification of vehicles
2.
Large Attractive Addressable Markets
Business model leverage & diversification with TAMS totaling >$130b
3.
Global Leadership Position in PEM Fuel Cells for M/HD Motive
40 years of investment; highest market share; >75m km in the field
4.
Sustainable Competitive Advantages
Talent; IP; technology; product portfolio & roadmap; customers and partners
5.
High Growth Trajectory
Revenue scaffolding with potential for multi-billion-dollar top line by 2030
Strong Financial Position
6.
Solid balance sheet; revenue ramp; GM expansion; costs leverage; capacity in-place
Embedded Optionality
Long-term exposure in automotive, material handling, aerospace, off-road and stationary
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