Innventure (INV) investor relations material

Company overview and business model

• Founds, funds, and operates companies commercializing transformative, sustainable technologies, often sourced from multinational corporations (MNCs).

• Uses a systematic DownSelect process to identify and launch companies with disruptive potential and target enterprise values of at least $1 billion.

• Retains majority ownership and operational control of portfolio companies, focusing on long-term value creation rather than early exits.

• Current portfolio includes AeroFlexx (sustainable packaging), Accelsius (data center cooling), and Refinity (advanced plastic recycling).

Financial performance and metrics

• For the six months ended June 30, 2025, revenue was $700,000, up 56.6% year-over-year, but net loss attributable to stockholders was $227.2 million, driven by a $346.6 million goodwill impairment.

• For the year ended December 31, 2024, combined revenue was $1.22 million, with a net loss attributable to stockholders of $78.2 million.

• Cash and cash equivalents as of June 30, 2025, were $7.0 million, with a working capital deficit of $51.2 million.

• Adjusted EBITDA for the six months ended June 30, 2025, was negative $38.0 million.

• The company has recurring losses, negative cash flows from operations, and substantial doubt about its ability to continue as a going concern.

Use of proceeds and capital allocation

• Will not receive proceeds from selling stockholders' sales; may receive up to $67 million in gross proceeds from sales to Yorkville under the SEPA and de minimis proceeds from warrant exercises.

• Net proceeds from SEPA and warrant exercises are intended for general corporate purposes, including acquisitions, strategic investments, or debt repayment.

• Significant capital needs remain for working capital, growth, and liquidity; additional financing is required to sustain operations and fund growth plans.