Building a globally leading carbon capture technology provider

Climate change calls for large-scale CO₂ emission reductions

• Number of emitters introducing net zero targets with CCS as a key part of their solution booming in 2023

• Governmental push facilitating accelerated CCS ramp-up towards 2030

• CCS technology licensing market estimated at up to EUR ~50 billion 2023-2040

Offering safe and highly cost-competitive carbon capture technologies

• Patented process integrating carbon capture and heat pump, enabling ~40% lower costs

• Safe and environmentally friendly solvent currently being used in ~1 000 industrial facilities worldwide

• Proven solution with 6 000+ operational hours and carbon capture rates of 90-95%+

Strong traction in target industries including cement, the world’s largest industrial emitter

• Building position as the preferred carbon capture technology for cement

• Proven traction in waste-to-energy and BECCS including Stockholm Exergi technology licensing award

• Developed gas turbine solution - CapsolGT^® - enabling capture costs below current incentives, unlocking a significant new market opportunity

Targeting significant long-term value creation with a scalable model

• Accelerating revenue and pipeline growth in 2023, on track for positive free cash flow on the licensing model in 2024 based on contracted revenue and committed spending

• Established presence in Nordics, Germany and the UK – currently expanding into North America and exploring the Middle East

• Ambition for top 3 positions in cement, biomass/BECCS, waste-to-energy and gas power plants with 5-10% overall carbon capture technology market share in 2030

• Targeting licensing revenue of EUR 7-12 per tonne CO₂ installed capacity and pre-tax profit margin of 40%