Investor Presentation • Apr 28, 2022
Investor Presentation
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April 28 2022
This Company Presentation (the "Presentation") has been produced by Bergen Carbon Solutions AS (the "Company" or "BCS"). The Presentation has been prepared for information purposes only, and does not constitute or form part of, and should not be construed as, any offer, invitation or recommendation to purchase, sell or subscribe for any securities in any jurisdiction and neither the issue of the information nor anything contained herein shall form the basis of or be relied upon in connection with, or act as an inducement to enter into, any investment activity.
All of the information herein has been prepared by the Company solely for use in this presentation. The information contained herein does not purport to contain all information concerning the Company. No party has made any kind of independent verification of any of the information set forth herein if not specifically expressed in the Presentation, including any statements with respect to projections or prospects of the business or the assumptions on which such statements are based. The Company does not make any representations or warranty, express or implied, as to the fairness, accuracy, reliability, completeness or correctness of this presentation or of the information contained herein and shall have no liability for the information contained in, or any omissions from, this presentation. The information contained in this presentation should be considered in the context of the circumstances prevailing at that time and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. Neither the Company and subsidiaries nor any of its directors, officers, employees, advisors or representatives (collectively the "Representatives") shall have any liability whatsoever arising directly or indirectly from the use of this Presentation.
Included in this presentation are various "forward-looking statements", including statements regarding the intent, opinion, belief or current expectations of the Company or its management. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and outcomes to be materially different from any future results, performance or outcomes expressed or implied by such forwardlooking statements, including, among others, risks or uncertainties associated with the Company's business, segments, development, growth management, financing, market acceptance and relations with customers, and, more generally, general economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange rates and interest rates and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this document.
An investment in the Company involves risks, and several factors could cause the actual results, performance or achievements of the Company as described herein to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this Presentation. Should one or more of underlying risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this Presentation.
Neither the delivery of this Presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date.
No information contained herein constitutes, or shall be relied upon as constituting, any advice relating to the future performance of the Company. The Company undertakes no obligation to publicly update or revise any forward-looking statements included in this Presentation.
This Presentation is governed by Norwegian law and any disputes related to it are subject to the ordinary courts of Norway.
On Friday 8th April, a design flaw in the ventilation system from one of the mechanical workshops was detected.
| Key figures | Q1 | Q1 |
|---|---|---|
| Amounts in NOK thousands | 2022 | 2021 |
| Total revenue and other income | 218 | 96 |
| Total operating expenses | 12 712 | 3 765 |
| Operating profit (loss) | -12 494 | -3 669 |
| Net profit (loss) for the period before tax | -12 741 | -3 688 |
| Net change in cash and cash equivalents | 302 742 | 27 412 |
| Cash and cash equivalents, end of period | 335 502 | 32 760 |
| Equity | 348 253 | 39 803 |
| Total assets | 374 454 | 42 223 |
Located in Høyanger, which is a modern industrial society that has grown in step with Hydro Aluminium
Modern infrastructure where all relevant service functions are available
Access to skilled industrial labour, sufficient licensing hydropower and an attractive longterm power supply agreement
Facilities already in place
On Friday 8th April, a design flaw in the ventilation system between a mechanical workshop and the production hall was detected.
The ventilation installed by a third-party installer that was intended to be expelled from the building had a small side stream that went into the building. As a result, there was elevated dust generation in this area.
Safety of our personnel is our number one concern, so as a precautionary measure we decided to send all production personnel home. We are in the process of taking samples of dust and atmosphere, as well as cleaning down the entire hall. All our workers that have their main work in the production hall will be followed up by our Occupational health service.
New analysis after decontamination washing is expected to be completed on the 6 th of May, and we are targeting to get back to normal operations the 9 th of May.
The temporary impact on our TEST CENTER FLESLAND has not allowed us to finalize the installation of the production container for our BIR- project and the last two "Diegel 2.0" production units, that will be installed in our TEST CENTER.
All parts are in place to complete both the BIR-project and the two "Diegel 2.0" at the TEST CENTER, and we are aiming to have everything ready for commissioning as soon as possible.
Listed on Euronext Growth Oslo (Ticker: BCS)
◊ Lighter than plastic, stronger than steel, with exceptional thermal and electrical conductivity, properties that can be transferred when combined with other materials
LIGHTER than plastic
STRONGER than steel
LEADS ELECTRICITY better than copper
Our technology is using CO2 as feedstock in CNF production
An electrolysis process break the chemical bonding. Carbon (C) can then be taken out of the production module and transferred manually over to the filtration module
The carbon is filtrated in a patented filtration module and then, carbon nanofiber is ready for sale as a final product
ABOUT BERGEN CARBON SOLUTIONS
production factory is expected to significantly reduce our unit cost. Our environmental efforts will help our customers:
ABOUT BERGEN CARBON SOLUTIONS
We've developed an energy efficient, carbon negative method to produce CNF out of CO2 , using renewable energy, with O2 as the only bi-product
Our product ECO-C is also known as green carbon nanofiber
CNF is used for a variety of applications such as additive to composite, lithium-based batteries, supercapacitors and solar desalinations with mostly a clear environmental positive impact
2: Based on assumption that the battery pack constitutes roughly 25% of an electric vehicle today
1: "Reduction in CO2 emissions from using carbon nanofiber additives" (Alagic, Blomgren et al., 2022)
June 2022 Final investment decision
1H 2023 Ramping up production
Building tools?
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