Advent Investor Day Presentation Deck

Growth Strategy ADVENT Innovation & Investment Drops Cost Demand Follows $/kWh 4-5 3.5 3 2.5 2 1.5 1 0.5 2021 Continuous improvement 2022 2022 Crisis 2023 2024 New MEA 2x-3x power 5x lifetime 2022 2025 2026 2027 CO2 penalties increase H2 cost expected to drop to $2/kg 2028 CO₂ 2029 H₂ 2030 $/kWh are indicative and market/application-specific -$/kWh Cost produced by fossil fuels -Advent $/kWh Cost produced by eFuels (H2) 23

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