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INNOVENTUM

THE GIRAFFE

A HYBRID SOLUTION BREAKING THE BOUNDARIES

OF ENERGY DENSITY

LONDON ECOSUMMIT OCTOBER 7-8, 2014

www.innoventum.se

InnoVentum in Brief Location: Headquartered in Malmö, Sweden with representatives in France and

Germany

Capital raised: 6 000 000 SEK (655 000 EUR) from private investors since 2010

Revenues: 1 000 000 SEK (109 000 EUR) in 2013

Employees: 7 employees from 4 different nationalities

Investors: Nils Bohlin (Founder, Arthur D. Little Scandinavia), Martin Ertl (Chief Innovation Officer at Bombardier, Former Head of Innovation at BMW), Stephan Sjöblom (CEO, Delta Energy Systems, Scandinavia), Johan Roos (Dean, CEO & Professor at Jönköping International Business School, Former Dean of Copenhagen Business School), Mohsen Djalali (Group Account Manager - Global Accounts, Tetra Pak) and 25 more private investors.

15 installations in 4 countries across 2 continents���

Senoren Mörbylånga Karlskrona Karlskrona Karlskrona

Karlskrona

Borgholm

SWEDEN

HOLLAND FRANCE PHILIPPINES

Särö

Katrineholm Malmö Hyllie Malmö Hyllie Malmö Västra Hamnen

Rotterdam St. Tropez Hills of Grace

We make renewable energy beautiful!

ART – INNOVATION – SUSTAINABILITY OUR MOTTO:

Wooden towers absorb noise & vibration

Fibres in wood ensure low velocity of sound waves in the material making it one of the best sound insulators

Multi-beam and multi-leg tower design absorbs vibration

At the same time, a conventional stand-alone steel tower amplifies the noise through a hollow tube construction.

wood

Wood under the microscope: Dali wooden tower structure:

Images System Rated Power Rotor Diameter

Tower Type & Height

Yearly Production 6 m/s, kWh

Total Weight RATIO

Dali Performance

3,5 kW 4 m

Wood 12 m 7 736

Tower: 0,70 T Nacelle: 0,17 T Rotor: 0,015 T

Foundation2: 0,06 T Total: 0,945 T

Energy x 5,1 Power x 3 Weight x 4

= Increasing Return on Materials

Dalifant 11 kW 13 m

Wood 20 m 39 600

Tower: 2,85 T Nacelle: 0,7 T Rotor: 0,2 T

Foundation3: 0,2 T Total 3,95 T

Enercon 2MW

E-70 E4

2 300 kW 71 m

Concrete 90 m

3 800 000

Tower: 680 T Nacelle: 65 T Rotor: 43 T

Foundation4: 875 T Total 1 663 T

Energy x 1,2 Power x 1,3 Weight x 1,5

= Decreasing

return on Materials

Enercon 3MW

E-82 E3

3 000 kW 82 m

Concrete 138 m

4 900 000

Tower: 1180 T Nacelle: 80 T Rotor: 55 T

Foundation4: 1 250 T Total 2 565 T

1 including manufacturing, building, installing maintaining the sites 2 Screw foundation x3 3 Screw foundation x8 4 Concrete foundation volume 350m3 – density 2500 kg/m3

5 Concrete foundation volume 500m3 – density 2500 kg/m3

We leverage increasing returns on resources – Delivering 5 times more energy per unit of material

Dalifant: 10,6 kWh per kilo of material used Enercon: 1,9 kWh per kilo of material used

Three times Higher Value of the Electricity that is Produced

A small-scale installation produces electricity on the side of the consumer and should be compared to the consumer price whereas large wind turbines produce energy on

the other side of the metre – always valued according to the spot price

SE: 0,15 EUR DK: 0,3 EUR DE: 0,3 EUR

SE: 2,1 times DK: 3,6 times DE: 3,7 times

more value!

Source: Eurostat

Consumer Price Spot Price SE: 0,07 EUR DK: 0,08 EUR DE: 0,08 EUR

PERFORMANCE PARAMETER GIRAFFE V.1 ONE CAR PARKING

GIRAFFE V.II TWO CARS PARKING

Total energy output in kWh and EV mileage per year

5 300 kWh 35.000 km x 1 car

13 850 kWh 45.000 km x 2 cars

Footprint in m2 21,1 m2 3,7 m x 5,7 m

24,6 m2 4,1 m x 6,0 m

Energy Density (kWh/m2 footprint) 250 kWh / m2 560 kWh / m2

Price, ex VAT in SEK Price, ex VAT in EUR

360.000 SEK 40.000€

450.000 SEK 50.000€

Our Evolution from Giraffe V.I to V.II sets a new standard for Energy Density…

… while offering four times higher Energy Yield than the second best competing product

Business Case: Projected Revenues and Cash Flow

How will InnoVentum be able to capture all the growth opportunities? Clearly, the number of opportunities outnumbers the small InnoVentum Team. Rather than projecting one clear revenue figure for the future, three different growth scenarios are outlined – based on different premises:

•  Aggressive Growth Scenario Based on Investments of 9 million SEK in 2014 and 18 million SEK in 2015 – to reach 600 mio SEK revenue by end of 2016

•  Modest Growth Scenario Based on Investments of 6 million SEK in 2014 and 9 million SEK in 2015 – to reach 250 mio SEK revenue by end of 2016

The next slides outline Aggressive and Modest Growth Scenarios that assume certain amounts of new funding:

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INNOVENTUM APPENDIX

FOR THOSE INTERESTED IN GROWTH

www.innoventum.se

InnoVentum in a Nutshell

" We use renewable materials that capture CO2 and reduce noise

" We leverage increasing returns on resources

" In addition to bringing benefits to the planet, we bring profits both to businesses and to people

" We make renewable energy beautiful

" We are truly international with15 installations in 4 countries across 2 continents

InnoVentum Product Portfolio Dali Range

(Dali tower + wind turbine 3,5kW + separate solar installation (optional))

roof-mounted stand-alone

Dali PowerTower (Dali tower + wind turbine 3,5 kW + integrated

solar installation 2kWp)

on-grid (Europe) off-grid (Asia)

Giraffe Range (Giraffe construction with a wind turbine (3,5kW) and

integrated solar panels (4-6kWp))

on-grid EV charger

off-grid power station

Dalifant (an 11kW wind turbine on a wooden tower with

optional Solar Power Sets (2kWp each)

Dalifant

Solar Power Set

Aggressive Growth Scenario based on Investments of 9 mio SEK in 2014 and 18 mio SEK in 2015:

Assumptions for the Aggressive Growth Investments Scenario: •  Energy prices remain high in core markets such as Denmark and Germany and

double in Sweden by 2016 – to almost reach the prices of neighbouring markets making own renewable energy solutions profitable even in the least attractive market with ROIs far below 10 years. All other markets offer yet shorter ROI for investments in our products.

•  B2B sales to several major corporate customers and commercial chains (such as IKEA, ICA Maxi, Scandic Hotels, Choice Hotels, MAX, Carrefour) supporting mass installations of InnoVentum products in multiple markets.

•  B2B partnerships with several major commercial chains (such as IKEA, Bauhaus, Lantmännen, Hornbach) supporting mass installations of InnoVentum products in multiple markets.

•  Commercialization collaboration with Business-Sweden for immediate (2014) support in core markets with InnoVentum representation in tandem (SE, DK, DE, NO, FR-UK) and for establishment of rep offices in the markets where InnoVentum is not present otherwise (see separate Business-Sweden map).

•  Existing product portfolio provides good sales and good licensing revenues. New products – such as the Giraffe 2.0 – take us into some exclusivity markets. The exclusivity markets are partly acquired in collaboration with Business-Sweden representing us in most exclusive and design-minded centers across the Globe (see separate map).

•  Our platform for e-commerce supported by proactive digital marketing generates significant sales volumes in several markets. This strengthens our economies of scale for enhanced gross margins.

•  Additional core processes (such as Lead Developer management and supply chain management) are also web-supported.

•  Growth of the electric vehicle market in countries like NO, DK, Benelux, FR, DE, CH and even SE raises the need for electricity in general and visibly green EV charging stations in particular.

•  Partnerships with three major players in electric cars, that market and distribute the Giraffe in bundled offers. Target companies: Tesla, VW, Renault, Nissan, Volvo, BMW, NEWS, Mitsubishi, BYD.

Modest Growth Scenario based on Investments of 6 mio SEK in 2014 and 9 mio SEK in 2015

Assumptions for the Modest Growth Investment Scenario: •  Energy prices rise by 50 % by 2016 in a few of our target-

markets •  Renewable energy is supported and partly subsidized in our

markets of interest •  InnoVentum develops a platform for e-commerce that

generates sales in some of the core markets •  Partnership with at least one major player in the electric

vehicle industry, that markets and distributes the Giraffe 2.0 as a bundled offer

•  The Power to the Philippines project is reasonably successful and leads to collaboration with one disaster relief organization (eg, ADB, Ayala Foundation, SM Foundation, PDRF)

•  Good partnerships with a few key organizations such as Lantmännen in Sweden and the Carbon War Room and Clean Air Asia internationally

•  Existing product portfolio generates sales and also gives some limited license revenue (eg, China)

•  Commercialization collaboration with Business-Sweden contributes to sales volume in the markets where InnoVentum is established.

•  All assumptions above are based on concrete ongoing business development activities. There are no reasons that this scenario should not be reached – with investments of 6 mio SEK in 2014 and 9 mio SEK in 2015.

New Funding

•  InnoVentum is seeking for new investments of 9 million Swedish crowns (982 000 EUR) in 2014 and 18 million Swedish crowns (1 964 000 EUR) in 2015 to implement the “Aggressive Growth” scenario.

•  Alternatively, to ensure “Modest Growth” Scenario new investments of 6 million Swedish crowns (655 000 EUR) in 2014 and 9 million Swedish crowns (982 000 EUR) in 2015 can be considered.

Core Team Members Dr. Sigvald Harryson

CEO and Founder Extensive academic and practical experience in Entrepreneurship (including teaching at Executive MBA level at CBS). 2 Doctoral degrees in Innovation Management. 3 years of engineering experience across 5 R&D and Engineering Centers of Tetra Pak. More than 10 years of consulting experience in leading consulting companies.

Morgan Widung, MSc

Head of Sales More than 15 years of experience in Sales, Business Development and Strategic Technology Sourcing. Strong communication skills with international experience gained in Europe, Asia, and the Americas. Proven track record in managing Key Global Accounts across various geographies.

Julien Daligault, MSc

Product Development & Installations

Extensive practical experience in Wind and Solar Energy installations. Master degree in Sustainable Energy Engineering from KTH Royal Institute of Technology in Stockholm. International experience from a number of renewable energy companies in France, China and Sweden

Ala Kazlova, MSc

IP & Marketing Considerable experience in IP, Marketing, Market Research and Strategic Media Planning from international companies based in Sweden and Belarus. 4 years of Consulting experience from a Swiss consulting company. Master degree in International Marketing and Growth through Innovation from Linnaeus University, Sweden

Accomplishments •  Malmö City Prize in Environment and Sustainable Development 2014

•  Sweden’s Energy Agency grant for the certification of Giraffe

•  Sweden’s Innovation Agency grant for the development of Dalifant

Join us at: http://10times.com/eco-expo-asia in Hong Kong on October 29th – November 1st http://www.sacc-sandiego.org/gc13/green-connections-2014/ in San Diego on November 7-8th http://www.bodw.com/ Business of Design Week in Hong Kong on December 1-6th with Sweden as Host Country and InnoVentum as one of the ten selected representatives of the Swedish Pavilion