Electric Energy Conversion Solutions

Transcription

1 UQM Technologies, Inc. March

2 Forward-Looking Statements This presentation contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. These statements appear in a number of places in this presentation and include statements regarding our plans, beliefs or current expectations; including those plans, beliefs and expectations of our officers and directors with respect to, among other things, gaining required certifications, new product developments, future orders to be received from our customers, sales of products from inventory, future financial results, liquidity and the continued growth of the electric-powered vehicle industry. Important Risk Factors that could cause actual results to differ from those contained in the forward-looking statements are contained in our Form 10-K and Forms 10-Q, which are available through our website at or at 2

3 UQM at a Glance Market Cap of $26.75M with no debt. Broad end-market exposure with focus on the commercial mass transportation market. Strong global footprints with over 40+ years of experience in the EV Market. Strong China focus with short and long-term growth opportunities. Business Snapshot as of March 3, 2016 Founded: 1967 Headquarters: Longmont, CO Employees: 56 Nasdaq Ticker: UQM (NYSE) Stock Price: $ 0.64 Market Cap: $ 31.01M TTM Revenue: $ 5.08M Enterprise Value: $ 22.14M Avg. Daily Volume: 217,631* Shares Outstanding: 48.44M Fiscal Year End: March 31 Website: *Avg. Vol (3 month). 3

4 UQM Overview Leading Energy Technology Company focused on complete energy conversion technology solutions for electric vehicles (all-electric, hybrid electric, plug-in-hybrid) and fuel cell applications. Provides a Complete Electric System Solution with motor, controller and software technology for customers across a variety of different end-markets. Products that offer performance, size, weight, price, efficiency and other functional advantages, superior to other competitive systems. Our Markets include commercial truck, bus,military, and niche automotive markets. 4

5 Experienced Management Team Joe Mitchell, President & Chief Executive Officer 25+ years experience in senior operational management in the automotive sector 15 years E-drive experience with Continental Auto, Siemens, Ballard Power and Ford Motor Co. David Rosenthal, Chief Financial Officer 30+ years experience in public and privately held companies Previously Director, President and Chief Executive Officer, Cyanotech Corporation Adrian Schaffer, Vice President of Sales and Business Development 25+ years in sales and marketing in the automotive business Previously VP of Sales for Linamar and sales executive with Motorola in the vehicle market Josh Ley, Vice President of Engineering 20+ years engineering experience in automotive sector focused on electric motor design Dual Major, Electrical and Mechanical Engineering, MBA 5

6 Key Investment Themes Well-positioned to benefit from continued market adoption of electric vehicles. The newly formed partnership with ITL Efficiency Corporation positions UQM well to further expand business opportunities in China. Strong Cash Position with a clear path to profitability. Solid balance sheet with a clear path to profitability. World-class manufacturing facility with high volume production capacity. World Class Facility with high volume production capacity. Strong management team with significant industry experience and deep technical knowledge of the motor and controller business. 6

7 Manufacturing Expertise UQM HQ - 130,000 sq. ft. facility Flexible assembly lines fully validated for high production volumes ISO/TS Certified (highest level quality certification for automotive industry) ISO Certified 7

8 Technology Leadership Innovative solutions for electrifying vehicles To date UQM has invested over $100 Million in E-drive Technology US Department of Energy Partnership - $40 Million Contribution Multiple State of the Art Product Platforms Ready for deployment Advanced Technology Development Surface Permanent Magnet and Interior Permanent Magnet motors Non-Rare Earth PM motors Advanced Software control Multiple Patents and IP Advanced Test and Validation Infrastructure State of the Art Volume Manufacturing Facility Technology and Infrastructure fully funded and in place for UQM to take advantage of this growth market 8

9 Core Technology: The PowerPhase Technology Motor- High levels of torque and efficiency, smaller external dimensions and lower weight than competing products. Competitively priced while providing outstanding performances. Controller- High power operation (650 Arms and 750 VDC), four-quadrant control, reduced switching losses (relevant to conventional technology), adaptive switch timing control, controller area network (CAN) capability. Software- Maximized output and efficiency, decrease energy consumption and increase the range of battery electric vehicles. An important part of UQM intellectual property portfolio. Customized- Create motors and controller solutions, tailored to customer-specific requirements. UP TO 95% TOTAL SYSTEM EFFICIENCY 9

10 Core Business Strategic Areas Buses, Cars, Trucks & Others Propulsion Systems Auxiliary Products Compressors, Generators, DC-DC Services Engineering & Remanufacturing 10

11 New PowerPhase Products Technology - Advantages For Motors, Controllers & Software High Power Density High Efficiency High Energy Permanent Magnet Patented Adaptive Software Smaller and Lighter Weight Consumes Less Energy Higher Performance Greater RPM Range A System Greater than the Sum-of-its-Parts 11

12 Propulsion Systems - Commercial Vehicle Market Light- to Medium-Duty* Drive Systems - Main Products PowerPhase Pro Nm peak torque, 160 Nm continuous torque 100 kw peak, 60 kw continuous motor power PowerPhase Pro Nm peak torque, 160 Nm continuous torque 135 kw peak, 80 kw continuous motor power UP TO 95% TOTAL SYSTEM EFFICIENCY Next Generation of PowerPhase Products Leading edge features and performance Reduced size for easier packaging Provides higher efficiency across a broader range of operating conditions *Truck, Van and Passenger Car 12

13 New Propulsion Products Systems - Commercial Vehicle Market Medium- and Heavy-Duty* Drive Systems - Main Products PowerPhase HD Nm peak torque 220 kw peak, 120 kw continuous motor power Operating voltage from 250 to 440 VDC Maximum speed 6,000 RPM PowerPhase HD 950T (High Torque) 950 Nm peak torque 144 kw peak, 100 kw continuous motor power Operating voltage from 250 to 440 VDC Maximum speed 4,500 RPM UP TO 95% TOTAL SYSTEM EFFICIENCY PowerPhase HD Nm peak torque 250 kw peak, 150 kw continuous motor power Operating voltage from 450 to 750 VDC Maximum speed 5,500 RPM *Bus and Truck 13

14 Propulsion Systems - Supply Contracts & Long Term Agreements ITL Efficient Energy Tech Company Ltd. 10 year China supply agreement 2016 certification with volume production in 2017 Production Supply for Chinese explosion proof mining vehicles Initial delivery in CY 2015 with 2016 certification Long term agreement signed in 2013 All-electric buses with North America mkt focus All-electric shuttle vans Numerous applications from delivery to passenger Began refurbish program in late unit Hybrid bus fleet with over 4 million miles Long term agreement signed in late 2012 Fleet of UPS pure EV vehicles in service 14

15 Propulsion Systems - Penetrate Numerous EV Applications Applications Trucks, Vans Buses China China Passenger Cars China Other 15

16 Propulsion Systems 3 Segment (quick introduction) - Commercial Market Key sector and focus. China is a significant short term opportunity. The market provides a key opportunity for volume production and growth. Medium-heavy duty market is expected to grow from 16,000 in 2014 to nearly 160,000 in 2023 with the majority of this growth in China. 16

17 Propulsion Systems 3 Segment (quick introduction) - Technology Advantages in China Technology adoption curve in China now favors UQM. China subsidies has shifted to emphasize: Efficiency and reliability Based on kw/h, power density and capacity Focus on technology changes the competitive landscape. First milestone reached (with ITL). A growing interest in our systems in the China market. New Technology Formula China New Energy Vehicle Mandates Favorable Incentives High Growth Commercial EV Market 17

18 New Propulsion Products Systems - UQM Customers On The Road Automotive & Light Truck Passenger Cars Vans and Light Trucks Front or Rear Drive Transverse Mount Vehicle Weight up to 4,000 KG PP Pro 100/ Meter Bus & Medium duty Truck Light to Medium Duty Bus and Truck Fleets 6-8 meter buses Vans Cargo Trucks Rear wheel Drive Vehicle Weights Up to 7,000 KG PP Pro 135/HD Meter Bus and Heavy duty Truck Large Buses Medium and Heavy Duty work Trucks Refuse Trucks Large Cargo Trucks Vehicle Weights Up to 18,000 KG HD 220/ HD250 18

19 Auxiliary Products 3 Segment (quick introduction) Fuel Cell Compressor Systems Key component of hydrogen powered fuel cell vehicles. Designed for light duty automotive/commercial bus application for 75kW-150kW fuel cell stacks. Long term durability, low lifetime operational cost. Products, R340 and R410. Generators & Integrated Systems Engineered to perform as both motor and generator (PowerPhase Systems). Features: user selectable torque and speed control, liquid cooled, built-in safety features, application-friendly graphic user interface and diagnostic software and real time data logging. DC-DC Converters Small and lightweight converters, operate over voltage range of VDC. Products: DC12-120L, DC12-160L, DC24-60L and DC24-80L. Hybrid and Full Electric Applications. Aircraft AC System Motors Air conditioning compressor drive systems. Integrated motor/inverter/controller contained in one compact package. Capable of operating up to 8,000 rpm. 19

20 Services Continuing to pursue other opportunities for funded engineering, aligning with and support the UQM technology roadmap for future product applications. Remanufacturing Renewed Focus Within The Company Funded Engineering Continuing execution on the non-rare earth project funded by the DOE. After Sales Support Multiple remanufacturing contracts with Air Comm, RTD and Ballard. Key revenue and profit center moving forward. 20

21 Financial Overview Summary Revenue growth with current customer base and new opportunities Strong product contribution margin (>50%) Flat SG&A Solid balance sheet with no debt No current tax obligations (NOL) The business model has significant operating leverage 21

22 UQM Technologies, Inc. March