20250314_Candela

Unlockingthe potentialof waterFor the benefit ofpeople, business and planet.Purpose“Speed up the transition to fossil fuel -free lakes and oceans.”CANDELA 2025Gasoline Litium-ion battery Large sized car 25 ft daycruiser15xEnergy need1/15Energy densityThe challengeCANDELA 2025 100% electric hydrofoil craftCANDELA 2025 100% electric hydrofoil craftSince then, 10 years of problem solvingCANDELA 2025 100% electric hydrofoil craftCandela officesCandela dealersBangkok, THRegional officeStockholm, SEGlobal HQR&DRotebro FactoryGlobal PresenceCANDELA 2025 100% electric hydrofoil craftNow on the third generation of products“Speed up the transitionto fossil fuel -free lakesand oceans”C-7 – Serial production32 made and sold to 10 countries2019 2014 2021Advanced R&D and productionLaunch of the C -8Series B roundCandela was founded with themission to:C-8 hit the water, 100+ boats sold5 x increase of production facilities2022 2023Production and commissioning of CandelaP-12 Shuttle220 employees2024Production ramp -up and expanding order bookFerries in commercial trafficCANDELA 2025 100% electric hydrofoil craftGurli, construction year: 1871 "Bullerbussen " , Construction year: 1899 Source: Stockholms stadOnce upon a time in StockholmCANDELA 2025 100% electric hydrofoil craft100% electricHydrofoil craftCandela Technology 100% electric hydrofoil crafts CANDELA 2025Traditional Ferry Candela P -12With up to 90% energy savings.11CANDELA 2025Source: Company information2x AFS – Aft foil systemFFS – Front foil system2x 63kWh Kreisel batteriesper side/AFSDC charging @ 0.7C1.5hours charging timeFront Door and Gang wayHull coolers2x POD 2.0160kW peak performance(60s)102kW continuousperformanceFlight control system P-12 technology100% electric hydrofoil craftsCertified against the highest standardsThe Candela P -12 Shuttle will have a Typeapproval - DNV Craft with passenger and batterynotation. Rigorous attention has been taken toensure compliance with regulatory frameworksand to guarantee passenger safety.Operation:Max significant wave height.When foiling: Hs = 1MNon -foiling: Hs = 2MMax wind: Beaufort 6100% electric hydrofoil crafts CANDELA 2025Easy docking100% electric hydrofoil crafts CANDELA 2025Battery capacity: 6x63Charging setup: up to 2x 200 kW CCS2connectors on DCkW not MW100% electric hydrofoil crafts CANDELA 20252021Project start2022Launch of boatQ4 2023Prototype to hitwaterQ4 2024In trafficIn cooperation with:Extensive testing by CandelaCANDELA 2025 100% electric hydrofoil craftThe Stockholm projectProving the caseM/S Lux 2019 (1 90 pax)M/S Sunnan 1968 ( 198 pax) M/S Rex 1937 ( 150 pax)Route 89 todayCANDELA 2025 100% electric hydrofoil craftCANDELARoute 89 todayA 14 km commuter route between thesuburb of Ekerö and central of Stockholm.On average around 130,000 passengers usethe ferries on this route each year.Passenger statistics show that the currenttwo, almost 200 pax, vessels are rarely fullyoccupied.CANDELA* 9,927 departures, with overall average occupancy of 19% or 36.5 pax5%50%45%Route 89 occupancy April 2022 - September 2024100 pax or more30 pax or lessRemaining0 50 100 150 200Most popular departureMorning peak hoursAverage occupancy route 89 April 2022 – September 2024* SelecteddeparturesOccupied seat Non-occupied seat07am -09am07.20 amRoute 89 todayDepartures Occupied seatsTest arena – Commuter route 89-Travel time with existing ferry 45 -55 min-With Nova approx. 30 -35 min-Speed exemption approved for 22 knots fora part of the route during low season Speed exemption for 22knduring low seasonNo speed limit, 25 kn cruisingspeedDC charging 120kW2025 100% electric hydrofoil craftsThe Stockholm projectNova next to Lux on Route 89Energy consumption per passenger km -85%Nova – electric hydrofoiling vessel Lux – Traditional diesel ferry2025 100% electric hydrofoil craftskWh kWhjThe carbon footprint per passenger/km ( g CO2) -97%Nova – electric hydrofoiling vessel Traditional diesel ferry fleet2025 100% electric hydrofoil craftsThe carbon footprint percommute/passenger (kg CO2)Car: One pax/ mid -size car, 1.6 litres gasoline for 20 km one -way route.Lux and Candela: A ferry needs to conduct a roundtrip in order to transport one passenger one way.Operating cost car = gas, congestion and parking fees/ carOperating cost P -12 = electricity, staff, maintenance/25 paxNOx emission in grams per passenger kmNova – electric hydrofoiling vesselTraditional diesel ferry2025 100% electric hydrofoil crafts500% increaseSource: Region StockholmScenario analysis of potential service demand on Route 89100% electric hydrofoil crafts CANDELA 2024Think fleet, not vesselCandela Fleet SystemsTraditional OperationsFew large vessels. 100 -200pax.SlowInefficient - ExpensiveOften overcapacityLarge investments to scaleInflexibleHuge emissionsCandela FleetsMultiple, fast and nimble. 30pax.Same # of passengers transportedIncreased speedMore frequent departuresFlexibility to shift capacityIncreased utilizationSignificantly reduced OPEXZero Emission100% electric hydrofoil crafts CANDELA 202433Points to consider100% electric hydrofoil crafts CANDELA 2024−City / public transport planning rarely includes waterways−No requirements for new boats and vessels within EU to be fossil fuel free−Maritime diesel subsidised butnot electricity−ETS not for smaller vessels (just +5000 t)−Procurement criteria not technology -neutral34Towards a fair procurement100% electric hydrofoil crafts CANDELA 2024−Transport work per hour/day/year targeting cost efficiency−Staff/ passenger experience (frequency, comfort)−Energy efficiency−Environment (emissions in air, water , and CO2 , noise and wake erosion)candela.com /pro -series100% electric hydrofoil crafts CANDELA 2024