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Investor Presentaiton

25 Europe¹ • • • Policy Support & Commitments GHG Goal: Reduce net GHG emissions by 55% from 1990 levels by 2030; net zero by 2050 Hydrogen Commitments: 12 countries currently offer purchase subsidies for FCEB and/or FCET RePower EU Action Plan: EU goal of 20 million tons of renewable hydrogen by 2030 (10mt local, 10mt imported) Key Partners & Customers Bus: Wrightbus, Solaris, VanHool Rail: Siemens, Talgo 3 Ireland 181 Fuel Cell Buses Powered by Ballard 231 Fuel Cell Buses in Development 601 42 United Kingdom 281 40 The Netherlands □ 2 Sweden Truck: MAHLE, Quantron AG Marine: ABB, Norled Power Generation: HDF, Motorola, Eltek, Norlys, Telenor, Telia ☐ 612 Belgium 10|26 France Ballard Deployment • >250 Ballard powered FCEBs in-service or in-development in 16 European countries; >75% Ballard FCEB market share Spain 12 1 Italy Outlook 3 Denmark Austria 10 Latvia 4 Poland 49|78 Germany Ukraine 20 Czech Republic . Up to 100,000 ZEB estimated to be deployed in next 10 years • Low emission zones are being established; 10 of the largest European cities and several countries have committed to buy only 100% Zero Emission Buses from 2025 1 See Slide Notes BALLARD™
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