Advent SPAC Presentation Deck
Transaction Summary
Advent Technologies, Inc.
Vasilis Gregoriou
Chairman & CEO
7
Emory De Castro
CTO
AMCI Acquisition Corp.
Bill Hunter
CEO & President
Incoming President & CFO
of Advent Technologies,
Inc.
2
AMCI & Advent Technologies - An ideal combination to unlock the Hydrogen Economy
Transaction Structure
AMCI Acquisition Corp. ("AMCI") has proposed to enter into a business combination with Advent Technologies,
Inc. ("Advent"), an innovation driven fuel cell technology company that is unlocking the Hydrogen Economy
AMCI (NASDAQ:AMCI) is a publicly listed special purpose acquisition company with -$93 million of cash held in
trust, and has raised a $65 million PIPE to provide further capital in the transaction
Advent and AMCI are combining to advance the development and manufacturing of Advent's platform
technology that is based on high-temperature proton exchange membranes (HT-PEM)
The transaction will fully fund the next phase of Advent's expansion efforts to respond to significant and
immediate market opportunities
Advent's existing shareholders are rolling 100% of their equity
It is anticipated that the post-closing company will retain the Advent name and be listed on Nasdaq
The transaction is currently expected to close in early 2021
Valuation
Transaction implies pro forma enterprise value of $326 million (1)
2 2.7x 2024E Revenue projection of $122.8 million, compared to peer average of 24.2x(²)
2 13.7x 2024E EBITDA projection of $23.8 million, compared to peer average of 119.6x(2)
Existing Advent shareholders will receive 54% of the pro forma equity(1)
Pro forma, Advent will have -$135 million of cash to help realize production ramp up
(1) Refer to page 35 for additional details. (2) Refer to page 36 for peer analysis.
www.advent.energy
AMCI ADVENT
Acquisition Corp.
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