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Hyzon SPAC Presentation Deck

Hyzon's Fuel Cell is a Key Competitive Advantage and Leads the Market Across a Range of Benchmarks Overview of Fuel Cell Competitors ■ HYZON has demonstrated market leadership in every power density category, as validated by third party tests Single Cell Power Density (W/cm^²) Cell Power Density (start with a strong building block) - the core technology advantage based on fundamental knowledge ▪ Volumetric Power Density (more power in a smaller space) - better packaging, more design trade-off flexibility ▪ Gravimetric Power Density (more power with less weight) - improved performance, payload advantage ingle Cell Power Density THYZON 1 1.44 G3 Titan 140.2 1.31 HYZON | DCRB+ Key Highlights G3 Titan 140.1 Ⓡ TOYOTA 1.3 Toyota Mirai 0.98 PowerCell S3 63kW Source: Third party consulting study completed in November 2020. POWERCELL 0.98 PowerCell S3 98kW 0.92 0.72 PowerCell PowerCell S3 125kW S3 81kW GM 0.59 GM HydroGen3 Volumetric Power Density (kW/L) Gravimetric Power Density (kW/kg) HYZON 6.08 G3 Titan 140.2 5.54 Volumetric Power Density Exclusive of End Plates G3 Titan 140.2 G3 Titan 140.1 HYZON 5.48 5.2 11 TECHNOLOGY 5.03 POWERCELL G3 Titan 140.1 PowerCell S3 - 63kW BALLARD Gravimetric Power Density Exclusive of End Plates 4.7 BALLARD 4.3 FCgen® - HSP FCgen Ⓡ HSP POWERCELL 3.66 101) V TOYOTA PowerCell S3 - 63kW 3.03 Toyota Mirai 201 TOYOTA 3.02 Toyota Mirai HYUNDAI 1.14 Hyundai NEXO 8 HYUNDAI 1.06 Hyundai NEXO 25

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