Cavendish Hydrogen (CAVEN) investor relations material

Strategic vision and market positioning

• Focused on eliminating emissions from mobility through hydrogen fueling solutions, with over 20 years of experience and a core presence in Europe and the USA targeting heavy-duty vehicles and buses.

• Operates 57 stations globally, with additional stations under development in Germany, Poland, Italy, and Luxembourg.

• Offers a full suite of services from design and manufacturing to maintenance and operational support for hydrogen fueling infrastructure.

Investment highlights and growth drivers

• Demonstrates proven execution with recurring service revenue from stations across Europe, Asia, and the US.

• Leverages proprietary technology developed over two decades and maintains strategic partnerships, notably with BHDT.

• Benefits from policy tailwinds, including national funding programs in Germany and the Netherlands, supporting near-term growth.

Financial performance and operational track record

• Recent quarters show revenue from equipment sales and services, with order intake and backlog reflecting ongoing demand.

• Over 90 stations sold since inception, dispensing more than 330,000 kg of hydrogen quarterly; latest-generation stations account for most of the volume.

• Adjusted EBITDA impacted by one-off legal and restructuring costs, with cash usage detailed for recent periods.