Innventure (INV) investor relations material

Portfolio highlights and recent developments

• AeroFlexx secured a deal with Aveda and has shown six quarters of revenue, emphasizing sustainability and cost benefits in flexible liquid packaging.

• Refinity completed a pilot-scale validation using real-world commercial waste, achieving high yields and lower capital intensity compared to similar technologies.

• Accelsius announced a major deployment agreement in Canada for a 300 MW campus, with 65 MW to be implemented this year and another 65 MW next year, contributing to 2026 orders and revenues.

• Over $50 million in bookings were announced for Q1, reflecting strong momentum and a growing pipeline with over 100 prospective clients.

• No exclusivity in the JCI contract allows for additional partnerships in the future.

Business model and strategy

• Focuses on launching wholly owned companies based on technologies invented or adopted by multinationals, targeting large unmet market needs.

• Employs a closed-loop model to mitigate risk, emphasizing unique technology, proven science, robust patents, and early customer validation.

• Launches companies at an advanced stage, bypassing years of development and significant R&D costs, resulting in a later-stage risk profile but early-stage economics.

• Maintains majority ownership and control, consolidating cash flows at the top level and focusing on value creation rather than fixed exit timelines.

Track record and partnerships

• Successfully launched PureCycle from P&G technology, taking it public at a $1.2 billion valuation after six years.

• AeroFlexx and PureCycle originated from P&G, while Accelsius came from Nokia Bell Labs and Refinity from VTT, with Dow Chemical as a partner.

• Strategic relationships with Johnson Controls, Legrand, and other OEMs and contract manufacturers support scaling and market access.

• Industry M&A activity, such as Ecolab’s $4 billion acquisition of CoolIT and Schneider’s $850 million purchase of Motivair, highlights strong sector valuations and growth potential.