Capsol Technologies (CAPSL) SpareBank 1 Markets Energy Conference Presentation summary

Business highlights and growth

• Revenue increased 2.75x to NOK 94.2 million, with a 45% year-over-year growth in the mature project pipeline, now at 17.2 million tons annual CO2 capacity.

• EUR >200 million revenue potential in projects that can reach FID within the next three years.

• Technology verified by industry leaders, with Stockholm BECCS set for FID after EUR 1.7 billion in governmental support.

• Commercial traction with major industrials, including Holcim and SUEZ, and CDR sales to Microsoft and Frontier.

• Current business plan fully funded, with NOK 64.4 million in cash.

Technology and competitive advantages

• Licensor of point source carbon capture technology, offering integrated carbon capture and heat recovery.

• Capture costs are 20-60% lower than amines, with electricity consumption of 0.5-1.5 GJ per ton of CO2 captured.

• Over 17,000 hours of demonstration and more than 15 years of proven chemistry experience.

• Mature pipeline of 17.2mt, up 45% year-over-year.

Market positioning and pipeline

• 17mt mature pipeline at end of Q4 2024, representing up to EUR 260m pre-tax profit potential.

• Engineering studies account for 12.0mt, CapsolGoⓇ for 3.85mt, and license agreements for 1.35mt.

• Pipeline growth outpaces industry, with 122% growth in mature CCS project pipeline versus 12% globally.

• Focus on high-growth segments (cement, biomass, waste-to-energy) and regions (Europe, North America).

• Partnerships with industry leaders such as Munters, Siemens Energy, and Sumitomo.