Hyzon SPAC Presentation Deck

Hydrogen Fuel Cells Will Be the Most TCO Competitive Low-Carbon Solution for Many Automotive and Non-Automotive Categories Hydrogen competitiveness by 2030 Not exhaustive Hyzon target segments Compared to low-carbon alternatives (2030) + Back-up generator HYZON | DCRB+ Boiler with new network Remote Long-range aircraft generator $1 Methanol¹ Boiler with existing network CHP for small buildings Power generation Simple cycle turbine Compact urban car Blending of hydrogen in gas network Combined cycle turbine Automotive Source: Hydrogen Council: Path to hydrogen competitiveness: A cost perspective Medium -range aircraft High grade heating P U Fertilizer¹ Mid-size short range vehicle Small regional ferry Steel Refinery¹ Short- range aircraft Off-highway FUTURE OF HYDROGEN IS NOW TRANSPORTATION Large construction RoPax Large mining Mid grade Small construction heating & mining Aviation Mid-size long range vehicle Regional aircraft Regional train Compared to conventional alternatives (2030) Rail SUV Commuter aircraft Marine Fleet (taxi) Large passenger car Most attractive TCO Buildings Medium duty truck Long- distance Forklifts urban bus 78 Van for urban delivery Industry + Heavy duty truck Large drone Long- distance coach uses Short- distance urban bus Recreational drone Feedstock 15

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