electrovaya presentation

7/23/2019 Electrovaya Presentation

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Q4 & FY 2015 CONFERENCE CALL

The New Electrovaya:Post-Transformational Acquisition =

Exceptional Products & Scale for

Global Energy Revolution

2nd December 2015

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EFL (Toronto Stock Exchange - TSX)



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This presentation contains historical and forward-looking statements. The forward-looking statements involve risks and

uncertainties. Forward looking statements appearing in this presentation represent management’s current estimates and

these may change significantly as new information comes to hand, including including statements that relate to, amongother things, revenue forecasts, technology development progress, plans for shipment using the Company’s next generation

technology, production plans, the Company’s markets, objectives, goals, strategies, intentions, beliefs, expectations and

estimates, using such words as may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate”, “anticipate”,

“believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import.

Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ

materially from those expressed or implied in such statements. Additional information about material factors that could cause

actual results to differ materially from expectations and about material factors or assumptions applied in making forward-

looking statements may be found in the Company’s most recent annual and interim Management’s Discussion and Analysis

under “Risk and Uncertainties” as well as in other public disclosure documents filed with Canadian securities regulatory

authorities. The information contained in this presentation has been obtained by Electrovaya Inc. from its own records and

from other sources believed to be reliable, however no representation or warranty is made as to its accuracy or

completeness .The Company does not undertake any obligation to update publicly or to revise any of the forward-looking

statements contained in this document, whether as a result of new information, future events or otherwise, except as

required by law.

Disclaimer



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Mission

Reduce Climate Change as

the Global Leader in

Advanced Lithium Ion Battery Solutions



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Market PotentialEnergy Storage is the “Holy Grail” for Electric Power &

Lithium Ion Battery is the Driver

Energy storage market is set to “explode” to an annual installation size of 6 Gigawatts (GW) in 2017

and over 40 GW by 2022 — from an initial base of only 0.34 GW installed in 2012 and 2013.

Market value: $114 billion by 2017

Annual savings of $50 billion yearly via energy storage.

64% of energy storage installations will come from lithium-ion batteries.

Market value: $400 billion by 2020

The advanced battery market is expanding dramatically in the United States andaround the world -- from $5 billion in 2010 to nearly $50 billion in 2020

Targets $150-billion for their business in Clean Energy financing by 2020.



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Why Lithium?

Lithium Ion*most efficient & lowest holistic cost

92-94%

Flow Batteries ~ 75%

Lead Acid ~ 60%

Mechanical Systems ~ 50%

Hydrogen Fuel Cells ~ 25%

Source: IHS Emerging Energy Research

ElectronStorage

Efficiency Analysis:

ExpertIndustry

AnalystProjections:

36% to all other technologies:

64%

LITHIUM IONwill takeover

of allenergy storage

business.

leaving the remaining

pumped hydro,

hydrogen fuel cells,

lead acid,sodium sulphur,

vanadium redox flow,

zinc bromine,

zinc air,

molten metal,

compressed air,flywheels,

and others…



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Transformational AcquisitionCanadian & German Operations

State of the art manufacturing facility with 500MWh capacity since 2012.Located in Kamenz, Germany, the facility runs with the highest levels of quality(TS16949 and various ISO standards) with a leading team of experts; IP:electrodes, nano C/Si and ceramic separators; ~350 patents

160,000 sq feet facility in Mississauga, Canada.System integration and testing(MWh scale energy storage),NMP-free electrode; 150 patents



conglomeratesstart-ups

private

companiespublic market

companies

Electrovaya’s Strengths Technology that enables Resilience to Market Challenges& Fundamental Cost Advantage due to non-toxic innovations

Electrovaya’s proprietary non-NMP, non-toxic manufacturing process enables lower cost structure.



Acquisition: Litarion’s ContributionGermany’s Premier Expertise in Manufacturing, Scale & Technology

1. Physical & Human Capital: 0.5 Giga Wh plant with Europe’s Leading Scientists & Process Engineers

2. SEPARION Technology: Global Exclusive Rights to a Flexible Ceramic Separator includes~300 Patents SEPARION™ Technology with highest safety and cycle life performance



Acquisition: Solves Industry Challenges

Combined Technology & Experience from Electrovaya and Evonik Degussa

Solves the Three Critical Challenges in Lithium Ion

- Cost: Electrovaya’s non toxic production process disrupts the present toxic chemical process (NMP) andsubstantially lowers CapEx, OpEx (~55%), energy costs (~80%) and allows production in environmentallyregulated jurisdictions (US, Europe & Japan). Makes the billion dollar investments in NMP based plants,obsolete.

- Safety: Electrovaya acquires Global exclusive rights to an unique ceramic imbedded separator, which

was earlier exclusively available to only Daimler. ~300 patents support and a 10 million square meter plantin Germany; 20,000 Smart electric running with zero safety incidents

- Cycle Life: about double the industry standard; ~9000 cycles, 1C charge/discharge, 100% Depth ofdischarge, graphite and NMC electrodes; critical parameter for Energy Storage systems

Other

- Environment: Allows Lithium Ion plants to operate easily in regulated jurisdictions like Europe, USA andJapan

- Energy Density: Electrovaya’s non NMP process improves electrode microstructure and increasesenergy density



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Q1 2015 Q2 2015 Q3 2015 Q4 2015

Revenues Surge:Q4, ending 30th Sept 2015: 1st Full Quarter with Combined Revenues

US $



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-2.5

-2.0

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

Q1 2015 Q2 2015 Q3 2015 Q4 2015

US $

Adjusted EBITDA: Positive in Q4



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Q1 2015 Q2 2015 Q3 2015 Q4 2015

US $

Cash Growing: Q4 2015



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Cell & Cell Materials

- Utilities

- E-mobility

- Energy Storage

- Residential Power

- Back up Power

- Telecom

- Strategic Power

- Micro-Grid

Electrodes

SEPARION™

Litacell LC-40

Battery Systems

Pipeline: Rapidly Growing, Largest Ever



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Product: CellWorld-Leading Performance & Safety

Litacell: The lithium-ion cell technology LITACELL provides

outstanding cycle life combined with unique safety features

serving as leading-edge solution for the most demanding

applications.

Key Features:• Superior cycle life and extraordinary safety due to

LITARION® electrodes and SEPARION® ceramicseparator.• Design and components made in Germany, manufactured

according to ISO:9001 and ISO/TS 16949

Officially launched Litacell LC-40 in Q4 2015

0 2000 4000 6000 8000 100000

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40

C a p a c i t y / A h

Cycle no.

Cycling (1C/1C)

Cycling (2C/2C) Cycling (3C/3C)

Extraordinary Cycle Life Performance:

9000 cycles at 1C/1C (Ch/DCh), 3000 cycles at 3C/3C (Ch/DCh)

*Data obtained in 40 Ah cells at 100% DOD, Daimler measurements



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Product: SEPARION™

Full ceramic material supported by PET non-woven:

PET non-woven support Ceramics

(Surface view)

Flexible ceramic separator

(SEM cross-section)

Polymer

fibres

S u r f a c e

Ceramic

Particles

Ceramic material is impregnated into the supporting non-woven.

• Previously exclusive use for Daimler products only• Outstanding safety: stable to temperatures up to 700°C

• Over 200+ patents• Disruptive technology acquired



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Electrovaya’s Green Production:

No air emission No use of toxic NMP chemicals No future liabilities

No Toxic NMP solvent coater, dryer, air handling, distillation

ELIMINATED

Distillation System

ELIMINATED

NMP Solvent:

300 Foot Drier Solvent Recovery Tower

ELIMINATED

Product: Non-Toxic Electrode Mfg License



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Industrials

Automotive

Smart Cities, MicroGrids

MWh

Smart Grid

Each sector could become multi-billion dollar markets.

Cell Technology

+ Value Add Systems

Product: Battery SystemsCommon building blocks (cells, battery modules, batterymanagement) are leveraged across multiple verticals.



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Product: Battery Systems

High Voltage Lithium

Ion Battery Rack

(Low Voltage Power Supply & BMS

High Voltage Bus Way

End Tap Enclosure HVAC

System



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Toronto, Canada

Notable Recent Deliveries

Electrovaya's MWh energy storage system was recently delivered to Toronto Hydro for use intheir Smart Grid. This battery solution allows utilities and cities to use renewable energy (wind,solar, etc) off-peak by storing it for on-demand peak use. Energy storage is key to solving theenergy needs for cities worldwide and is tagged as part of the Smart City, Smart Grid, CleanEnergy technology solutions needed to fight climate change.



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Summary Value PropositionWhy Electrovaya should win the Energy Storage race

Cycle Life Nearly double major competitors;

50% lower holistic cost; $/kWhSafety Highest in industry due to Flexible Ceramic Separator

Useable Energy Higher than competitors

Calendar Life Higher than competitors - important for energy storage

Capacity Increase Ease Faster and at a lower costNon-Toxic Production Process Green Production

Price Lowest on price per cycle

Strong Technical Support Locally in Europe and North America

Location & Capacity Largest Lithium Ion plant in Europe

Sole producer in Canada

Branding Daimler & Made in GermanyMade in Canada

Certifications TS 16949 and other certifications

Global Production Capacity 0.5 Giga Watt Hour



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AUTOMOTIVE

ENERGY

STORAGE/SMART CITY/

MICRO-GRID

INDUSTRIAL

SPECIALTY

Electrovaya’s Energy Storage Products USA, Canada, China, Europe, UAE (best of class partners)

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