Advent Investor Presentation Deck

ADVENT HT-PEM: WHAT DOES IT MEAN FOR... TECHNOLOGY 1. It can handle almost any low-carbon or zero-carbon fuel. Competitor LT-PEM fuel cells need pure hydrogen, which requires a large amount of spending on infrastructure. 2. Enables more efficient heat management (vs. LT-PEM), which is needed for aviation and heavy-duty automotive. 3. Can withstand extreme temperatures, pollution and humidity, leading to a longer lifetime and lower total cost of ownership (TCO) (vs. LT-PEM). Advent develops and holds the IP on the core technology (MEA materials). Actively developed with world-leaders in research innovation: NREL, LOS ALAMOS, BROOKHAVEN and U.S. DEPARTMENT OF ENERGY. ADVENT BUSINESS 1. Ships, Planes, Defense and Trucks expected to use e-Fuels. 2. Immediate market now with low-carbon methanol. 3. India, China and emerging markets need solutions with minimal infrastructure costs. Advent Advantage PROJECTED FUELS CONSUMED IN THE TRANSPORT SECTOR IN 2050 (EU model consumption in MToe equivalent) 36%,80 MToe OIL Existing infrastructure. Oil tankers, trucks, gas stations. 35%77 MToe e-FUELS incl. LIQUID SUN/WIND from mostly green hydrogen Existing infrastructure Minor investment to retrofit trucks. tanks and pumps 20%,45 MToe ELECTRICITY Grid upgrades, new charging stations 9%, 20 MToe HYDROGEN Hydrogen refill stations, liquify. de/compression, shipping. storage CFRP Tanks e-Fuels above includes mainly renewable e-liquid biofuels and in smaller %s biogas, e-gas and natural gas. Analysis by the European Commission in the 393-page report " A Clean Planet for all. A European long-term strategic vision for a prosperous, modern, competitive and climate neutral economy using the PRIMES-GAINS-GLOBIOM/FORECAST Model Scenario Combo (resulting to 90% decarbonization by 2050, is shown in this picture, (chosen as a mid-case). The model includes all sectors and all CO2 not just energy combustion emissions. Figure 57 pg 131 data used for this article. I used the COMBO scenario as the most appropriate mid-scenario https://ec.europoeu/cima/sites/clima/files/docs/pages/com.2018.733, onglysis, in support, en. 0.pdf Any Fuel. Anywhere. 7

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