Aurelia Turbines

The most efficient small gas turbines in the world

Ecosummit, April 2016

Introduction in just three steps.

Efficiency is the key in power generation.

We focus first in selected markets with little or no competition.

Strong demand of our products.

Cogeneration of power and steam can lower the primary energy need as much as 40%.

Cogeneration is widely used in larger industrial sites, but hardly never in smaller ones due to technical constrains.

The amount of SME industrial sites is huge.– Food industry, breweries, dairies…– Small industrial sites…– Foundries, building materials…– Etc.

Cogeneration of power and steam on SME industrial sites.

Sources: IEA, EU energy programs, German CHP association (CHP, Combined Heat and Power)

Power from grid, own boiler.

Cogeneration of power and steam.

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Dresser-Rand KG2-3S Kawasaki GPB17D Capstone 3*C200 (C600)

Capstone C200 Aurelia A400 Aurelia 3*A400 (1200)

Very limited existing offering– Engines: > 2 MWe

– Gas turbines: > 1.5 MWe

– Microturbines: only very small

Aurelia is the only profitable technology in this segment– Same technical solution used with

bigger gas turbines, but starting from 300 kWe

– Superior power to steam ratio

Microturbines

Aurelia

Gas turbines

Cogeneration capabilities of steam and power

Source materials: Dresser-Rand and Kawasaki, own data-sheets; Capstone, the data sheets of Saacke GmbH.

Until now almost totally untapped market

Example of new applications; Aurelia makes it possible to have an effective steam-CHP below 2 MW – as the first one ever!

General Overview

Food production facility in Veneto-region– Project part of Aurelia’s distributors’ existing portfolio– Customer needs power and steam

Installation– One A400 turbine, natural gas– Duct burner– Heat recovery steam boiler– Existing boiler plant works as back-up / peak-up

Future potential– This customer alone has more than 15 similar

installations

Financial CalculationAll €-values ‘000 €.

All the costs/earnings are existing customer figures. The plant is operational 5 days a week. If it would be 24/7, the savings would be approx. 25 % more and the pay back time approx. 1.6 years.

Customer case; food production facility in Italy. ROI of 1.6 years achievable!

Item Annual valueValue of electrical energy 470,3Value of steam production @6Bar 340,3 Value of hot water 77,6 Tax for electrical production - 34,0 Tax for electrical production for SEE SEU plant - 5,1 Cost of natural gas (new boiler) - 219,9 Cost of natural gas (turbine) - 252,3 Maintenance full service turbine - 20,0 Maintenance full service other equipment - 15,0 White Certificates TEP 51,3 Total Yearly Saving 393,0 Total Investment 800,0PAY BACK in years 2,04 PAY BACK in years without subsidies 2,34

Ordinary, 1-stage microturbine

Aurelia’s design (IRG2)

The technology builds on the classic turbine process, providing excellent efficiency gains over the competition and wide IP protection.

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Modular design – 3rd party components provide reliability and lower risk.

The two turbine units – onlycomponents manufactured by Aurelia

Industrial recuperator

Industrial combustion chamber ableto utilize large variety of fuels

Off-the-shelf, tested and proven power train

Aurelia has experienced, international team.

Tony Hynes, BA (Law)– C- & VP positions; GE, Calnetix,

Capstone, Bowman turbines, etc.– Excellent track record of value incr.

deals of 300+ M$ in last 36 months– Truly international network

Marika Gallar, M.A., MBA– Former positions; CGI, Nokia, etc.– Excellent track record of change

management and business operations development in various businesses

Matti Malkamäki, M.Sc. (Eng.)– Gas turbine experience since 1996,

small gas turbines since 2002– Entrepreneur since 2002– As CEO listed a company in Frankfurt

stock exchange 2010– Experienced in DE/CHP, technically and

economically oriented

Jari Backman, Prof.Dr. (Eng.)– Professor in LUT since 2009– High speed R&D machinery since 1983– LUT projects include Sulzer Pumps

Finland, Compair / Quantima, The Switch, Tri-O-Gen, Axcomotors, Visedo…

Aurelia Turbines – now seeking funding for early growth.

Small gas turbines (400 kWe)– Very high electrical efficiency, 20% better than competition– Pricing possible on customer benefits

Solid technology in the products– Leading university know-how– IP’s with the company– Clear path for future products

First focus on applications with little or no competition– Customer ROI’s even 1.6 years– Fast growing market

Truly exceptional team– Technical and international business– IPO, VC backed, large deals

Strong demand of our products.– 20.8 M€ pipeline to support 2016 sales– 98 M€ worth of LOI’s signed

• From only our first 3 distributors. Now more than 20 in discussions.

We seek funding for further growth– Preferably investors with corporate contacts, follow -on

funding, leads to M&A and IPO

EXIT oriented company

IFRS from day one. Auditor: KPMG. Immaterial service provider: Berggren. Legal advisor: DLA Piper. Shares in book-entry system. All the documentation in electronic format. Technology covered in technical journals.– All this enables us to be well-prepared for any exit-

process.

Please contact

Matti Malkamäki, CEOmatti.malkamaki@aureliaturbines.com+49 176 3063 8250