Title: Quantum Fuel Systems Technologies Worldwide, Inc' Investor Presentation
1 Driving Tomorrows Technology Today
CLEAN POWER
FROM CONCEPT TO PRODUCTION
Quantum Fuel Systems Technologies Worldwide,
Inc.Investor PresentationFebruary 2008
2Forward Looking Statements
- Certain matters discussed in this presentation
contain forward-looking information that involves
risks and uncertainties that could cause actual
results to differ materially from current trends.
These include the growth of the alternative fuel
and fuel cells markets, OEM product sales,
development programs, competition, and other such
risks as cited in the Companys Form 10-K filed
with the SEC for fiscal year ended April 30,
2007, and other filings. All forward-looking
statements in this presentation are based on
information currently available to the Company
and we do not assume any obligation to update or
revise any forward-looking statements.
3Quantum Overview
t
4Delivering Advanced Vehicle Systems
- Advanced Vehicle Systems
- Hybrid Electric Vehicles
- Plug-In Hybrid Electric Vehicles 20,000
vehicles - Alternative Fuel Vehicles
- Hydrogen Internal Combustion Engines
- Fuel Cell Vehicle Systems
5Energy Storage and Generation
- Energy Storage and Delivery
- Lithium-Ion Battery and Advanced Control Systems
- Advanced Hydrogen CNG Storage Systems
- Mobile Portable Hydrogen Refueling Systems
- 2,000 Hydrogen Systems
- Renewable Energy Generation
- Solar Photo-Voltaic Modules (Automotive,
Residential, Commercial) - Wind Turbines (Installation, Electricity and
Hydrogen Generation)
6History of Innovations
History of Innovations
First to ship 10,000 psi H2 storage fuel system
with patented in-tank regulator module
Developed H2 storage system for SunLine Tran-sit
Hythane bus.
Developed 2nd generation in-tank regulation
system for Toyota
First to demonstrate an all-composite H2 Storage
Tank that stores at 10,000 psi
Announced breakthrough in all-composite
lightweight, high capacity, low-cost fuel storage
technologies.
First to certify 10,000 psi H2 Storage Tank to
International Standards.
Established comprehensive test and validation
facilities for gaseous fuel components
Awarded patent for integrated module including
in-tank regulator
First to fill a H2 storage cylinder with
compressed H2 at 5,000 psi at California Fuel
Cell Partnership developed for the Hyundai Santa
Fe Fuel Cell Vehicle.
-
- Developed an integrated plug-and-play fuel
storage system for GM HyWire FC concept vehicle
-
- Opened worlds first 10,000 psi hydrogen gas test
facility and performs extreme tests
-
- Developed high efficiency H2 fuel storage systems
for DOE Future Truck programs
-
- Developed a series of robust, OEM compatible
electronic control products.
-
- Achieved a record of 11.3 H2 tank efficiency,
the highest weight efficiency ever demonstrated,
in partnership with Lawrence Livermore National
Lab and Thiokol.
-
- Opened state-of-the art SULEV emissions testing
Facility.
-
- Developed 10,000 psi in-tank pressure regulator
module incorporating two regulators and solenoid
valve
-
- Awarded patent on injectors for dry gaseous fuels
-
- Developed high precision low pressure regulators
in support of fuel Injector subsystems
Developed H2 storage and metering system for
Toyotas FCEV platform.
Acquired stake in advanced Li-Ion battery systems
developer, Advanced Lithium Power Inc.
Developed FC hybrid electric Aggressor for the
US Army, from the ground-up
Validated H2 injectors and developed advanced
hydrogen metering systems for FC stack
First to certify 10,000 psi systems in Japan
Awarded patent for mobile hydrogen refueling
systems
Developed ultra-light weight, Gen 2 hydrogen
systems for Heno/Toyota FC buses
Developed electrolyzer based H2 mobile refueling
system for the US Army
Began developing additional H2 ICE hybrid
platforms
Developed and implemented advanced process
controls, based on experience in producing over
1,600 hydrogen tanks
-
- Developed innovative Hydrogen ICE hybrid electric
vehicles for SCAQMD
-
- Developed portable hydrogen refueling devices and
supplied for multiple customer applications
-
- Developed advanced H2 storage system for first
ThunderPower fuel cell bus.
-
- Designed, developed and validated advanced fuel
storage systems for DaimlerChrysler
-
- Developed 13.3 wt hydrogen tank and 0.75 kg
regulator - for NASA/ AeroVironment
GMs Sequel First Hydrogen Fuel Cell vehicle
to go 300 miles without refueling using Quantums
Technology
-
- Developed on-tank automatic valve system for
10,000 psi H2
-
- Launched RD targeting next generation storage
and metering systems
-
- Developed ultra-light hydrogen systems for high
altitude applications
7Market Opportunity International Clean Fuels
Global Market Opportunity
USA Plug-In-Hybrids, Hybrid Electric, Hydrogen
Hybrids, Fuel Cell Electric
Scandinavia Hydrogen Hybrids
India Hydrogen-Blends Hybrid Electric CNG Local
Partner
California Hydrogen Highway Hydrogen
Stations CARB ZEV CA Fuel Cell Partnership SCAQMD
Europe Hybrid Electric Hydrogen, CNG JV
Partner Wind Energy Solar Modules
China OEM JV Partner(s) Hydrogen Hybrid
Electric CNG
8Market Drivers
- Energy Security
- Balance of trade
- National security
- Demand for energy increasing globally
- Environmental Impacts
- Global warming
- Criteria pollutants and health impacts
- Economics
- USA 4 per gallon gasoline is here today
- Europe 6-8 per gallon
Energy, the environment the economics are
inextricably linked!
9Our Customers Partners
TOYOTA
10Quantums Capabilities
Quantums Technologies and Capabilities
Li-Ion Battery Systems
Advanced 10,000 psi Hydrogen Storage Systems
Electronic Controls
5,000 psi Hydrogen Systems
Gaseous Fuel Management Systems
Storage
Storage
Control
Hydrogen and Natural Gas Fuel Injectors
Vehicle Integration
CNG Storage Systems
Energy
Energy
Systems
Integration
Prototype Construction and Production Engineering
System
Hydrogen ICE Hybrid Vehicle Systems
Fuel Cell Hybrid Vehicles
Plug-In Hybrid Vehicles
Hydrogen Mobile Refuelers
11Fully Integrated Energy Storage Solutions
Energy Storage Applications
Fully Integrated Energy Storage Solutions
Alt Fuel Vehicles
Hybrid Electric
Fuel Delivery
Fuel Cell Electric
Military
Lithium-Ion Batteries
Hydrogen Systems
Wind Energy
12Fuel Cell Vehicle Program
- GMs Chevrolet Equinox Fuel Cell vehicles
- All equipped with Quantums advanced 10,000 psi
H2 storage systems
13GM Sequel Drives into History Books May 07
First Hydrogen Fuel Cell Vehicle to go 300 miles
without refueling
14Hydrogen Hybrid Vehicle Program
- Hydrogen Hybrid Electric Vehicle Fleets
- US, Europe
- OEM-Level Development and Certification
15Hydrogen Internal Combustion Engine Vehicles
- Ford E 450 Shuttle Bus In Production
- Ford Focus
- Exclusive Use of Quantum Fuel Injectors
16Military/Defense Program
The Aggressor Alternative Mobility
Vehicle Battery-dominant hydrogen fuel cell
series hybrid electric drivetrain in
a High-performance light-duty off-road vehicle
platform.
- Fuel efficiency
- Exportable power
- Extended silent watch capability
- Stealth battery-only propulsion capability
- Unique design flexibility
- Wider choice of fuels
- Adaptability to future technologies
17Military/Defense Program
- Hydrogen Ford Escape Hybrid
- Production intent hydrogen ICE hybrid vehicle
program - First delivery mid-2007
- Dual Use Applications
- Military Administrative vehicles for base
transportation - Civilian Fuel efficient, low emission, hydrogen
vehicles
In Partnership with
18Mobile Hydrogen Infrastructure
- The HyHauler Plus
- Patented trailer-mounted hydrogen production and
refueling station - Applications
- Stranded/intermittent renewable energy storage
- Remote, on-site fuel production (US Army)
- Modular just-in-time hydrogen refueling
infrastructure deployment
19Fisker Automotive
- A new Green American premium car company
- Founded by Quantum and Fisker
- Funded by Kleiner Perkins Caufield Byers and
Palo Alto Advisors
New York, Time Square, September 5, 2007
20Fisker Automotive
- Four new models to be introduced from 2009 to
2011 - All based on Quantums Plug-in Hybrid Electric
Vehicle (PHEV) design Q Drive - First model PHEV Premium 4-door Sports Sedan
- To be unveiled at the 2008 North American
International Auto Show in Detroit, mid-January,
2008 - Start of production Q4 2009
- MSRP 80,000
21 Fisker Karma
22 Fisker Karma
23 24 25Asola
- Fast growing German Solar Module
- manufacturer
- Quantum owns 25 equity stake
- Expanding in Germany, Spain, France and U.S.
26Asola Strategic Solar Partnership
- Asola is a privately-held German leader in
production of solar modules - Provides high quality and high output
(watt/panel) serial flat panel modules. - Expertise in solar cell modularization for
automotive, residential, commercial and grid
applications. - 2007 Revenues 23 million Euros based on 5 to 6
MW of capacity. - Current capacity is now at 15MW.
- Expanding to 45MW in 2008
- 2008 Projected Revenues 50 to 60 million Euros
- 10 year solar cell supply contract with Ersol
27Recent Developments
- German Solar Module Manufacturing Acquire
Equity Stake - India Distribution Agreement Natural Gas
Vehicle Equipment - China OEM Partnership to Develop and
Commercialize Hybrid Vehicles - China OEM Partnership to Commercialize
Lithium-Ion Batteries - China Strategic Agreement to Expand Global
Portfolio of Natural Gas Vehicle Products - Norway Production of Hydrogen Hybrid Vehicles
for Norske Hydro and Hydrogen Highway - California Major Contract for
Development/Production and Demonstration of
Plug-In Hybrids - Europe Strategic Sales/Marketing Agreement with
Major Industrial Gas Supplier Co-Market
Hydrogen Stations and Quantum Hydrogen Vehicles - Fisker Automotive Joint Venture
28Financial Overview
CLEAN POWER
29Financial Overview
- Company has completed sale of Tecstar Automotive
Business - Cleaned up debt-side of balance sheet
- Eliminated majority of historical losses
- Renewed focus on green vehicle technology
- Quantum has two reporting segments
- Quantum Fuel Systems
- Corporate Expenses
- Loss position today, but approaching EBITDA
break-even for next fiscal year starting May 1,
2008 - Quantum is aggressively pursuing new revenue
opportunities - Hybrid vehicle programs
- Solar
- International
- 78 million shares outstanding
- GM remains our largest shareholder 6 of shares
outstanding
30Statement of Operations Quantum Fuel Systems
(Pro Forma)
April 30 Fiscal Year
1
1
Adjusted for depreciation and amortization,
non-cash 123R stock-based compensation expenses
31Path to Profitability
- Renewing focus on Green Vehicle technology and
alternative energy - New vehicle introductions
- Fully funded development programs
- Higher margin business
- New solar initiatives
- Expanding hybrid vehicle development programs
- Fisker Automotive
- Military and Government Agencies
- Automotive OEMs
- Moving into International Markets to capitalize
on emerging opportunities - Increasing level of Hybrid and Hydrogen vehicle
product sales starting in calendar 2008/09
32Balance Sheet Quantum Fuel Systems (Pro Forma)
33Quantum Fuel System Opportunities
- Quantum is aggressively pursuing opportunities in
the European and Asian markets - To date, total opportunities offer near term
project revenue of approximately 20-30M and
recurring revenue streams by 2010, of
approximately 210-310M -
Note These future opportunities and revenue
projections are contingent on finalization of
agreements, JV relationships, technology
development and general market conditions
34Value Proposition
- Blue chip customer base/strong strategic
alliances driving - off-balance sheet value
- Expanding business model, but focused on green
vehicle technology - Hybrid / Hydrogen vehicles
- Fisker Automotive
- Lithium Ion Battery Company (ALP)
- Solar
- Proprietary position in 21st century
technologies - Leader in advanced propulsion systems with key
technologies to take into production
35NASDAQ QTWWwww.qtww.com
CLEAN POWER
FROM CONCEPT TO PRODUCTION