10/18/2011 1 ©Copyright 2011 Catch the Wind, Inc. All rights reserved. Investor Call October 18, 2011
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©Copyright 2011 Catch the Wind, Inc. All rights reserved.
Investor Call
October 18, 2011
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This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.
Certain statements in this presentation may constitute “forward-looking” statements which involve known and unknownrisks, uncertainties and other factors which may cause our actual results, performance or achievements, or industryresults, to be materially different from any future results, performance or achievements expressed or implied by suchforward-looking statements. When used in this presentation, such statements use such words as “may”, “will”, “expect”,“continue”, “believe”, “plan”, “intend”, “would”, “could”, “should”, “anticipate” and other similar terminology. Thesestatements reflect current assumptions and expectations regarding future events and operating performance and speakonly as of the date of this presentation.
Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of futureperformance or results, and will not necessarily be accurate indications of whether or not such results will be achieved.A number of factors could cause actual results to vary significantly from the results discussed in the forward-lookingstatements, including, but not limited to, the factors discussed under the “Risk Factors” section of the filing statementthe Company filed with regulatory authorities on September 9, 2008. Additional risk factors can be found in theCompany's continuous disclosure filings, reports and other filings with securities commissions and regulatory authorities
in Canada and filed under the Company's profile on SEDAR at www.sedar.com. In addition to such risk factors,statements provided as of the date hereof regarding expected performance and results are based on the assumptionthat we will be successful in obtaining the prompt return of our business-critical property.
Although the forward-looking statements contained in this presentation are based upon what we believe are reasonableassumptions, neither we, nor the placement agents, can assure investors our actual results will be consistent with theseforward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflectnew events or circumstances.
Forward Looking Statements
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Investor Meeting Agenda
Introductory Comments
Key Corporate Decisions
Contract Manufacturing Transition Plan
Shipment Status
Product and Technology Roadmap
Financial Modeling
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Key Corporate Decisions
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Key Decisions
©Copyright 2011 Catch the Wind, Inc. All rights reserved.
Rapid Transition to Commercial Production
Radically Change Cost Structure
Key Issues Support
Marketing and Sales: Marty Crotty
Corporate Jet: Susan Nickey
Technology and Manufacturing: Jo Major
Operational Execution: John Green Develop Product and Technology Roadmap
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©Copyright 2011 Catch the Wind, Inc. All rights reserved.
Manufacturing Transition
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Build It!
Standard Yaw Control Model
Qualified and Accepting Orders this Quarter
Delivery < 8 Weeks ARO
Variable Gross Margin >25%
All Key Design Reviews Completed
Initial Capacity >10 units/month
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©Copyright 2011 Catch the Wind, Inc. All rights reserved.
Shipment Status
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Current Q4 Ship Unit Profile
Will Ship with an effective value between $1.2Mand $1.6M during Q4
Current Contract Structure Prevents RevenueRecognition with Shipment
Key contracts include customer acceptance testing
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©Copyright 2011 Catch the Wind, Inc. All rights reserved.
Product and Technology Roadmap
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Roadmap Definition
Three Segments
WRA (Wind Resources Assessment)
Owners/operators
OEM
Customer-Driven Paradigm Minimalist path to meet need
Simplification as theme
System & data reliability
Openness builds relationships
Yawcollective blade pitchindividual blade pitch
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Value to Wind Farm OperatorIncreases Over Time
Improved YawAlignment
Look-aheadBlade Pitch Control
Gust & StressAvoidance
10%+ More PowerIn Region II
Better Speed/ Torque Control
Ride ThroughGusts w/out
Damage
DramaticallyDecreasedStress Loading
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Product Roadmap
G-2 WRAWind Resource Assessment
G-3 WTCYaw/Collective Pitch/Gust Detection
Reduced Cost from G2.2
G-2.2 WTCYaw/Collective Pitch/Gust Detection
Reduced Cost from G2.1
G-2.1 WTCYaw/Collective Pitch
20122011 2013
G-4 WTCYaw/Individual Pitch Control
2014 + ©Copyright 2011 Catch the Wind, Inc. All rights reserved.
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Financial Modeling
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Power Curve ImprovementsField Trials: Nebraska, Yaw Control ONLY
Average Energy Increase in Region 2
Over 11 Months Prior to Optimization
14%
Average Energy Increase in Region 2
Following optimization
>20%
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Case Study: Improved Yaw Alignment
Case 1 – Old Technology
100MW Wind Farm 33% Capacity Factor
$70/MWh
66 GE 1.5 MW Turbines
Annual Wind Farm Revenue
$20.03M/year
Case 2 – Vindicator ® LWS
10% AEP Increase Mean Wind Speed of 8 m/s
93.45% in Region 2
Annual Revenue Increase
$1.87M/year
NPV (20 years): $ 4.3 M
NOTE: These numbers are for illustrative purposes only, and are not indicative of the performance ofany individual project or portfolio of projects.
Unlevered IRR: 28.1%
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NPV of Cost Avoidance (20 years): $3.3 M
Case Study: Main Gearbox Replacement
Case 1 – Standard Yaw Control
Average cost to replace main gearbox $350,000Average life of main gearbox: 8 years
Case 2 – Proactive Yaw Control
Average cost to replace main gearbox $350,000
Average life extended to: 10 years
NOTE: These numbers are for illustrative purposes only, and are not indicative of the performance ofany individual project or portfolio of projects.
Unlevered IRR: 19.6%
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Finance
Historical Situation Pre-August 2011
~ $50M capital raised
Average cash usage of $1.5M/mo
Current Situation
Cash Position – $9.2M Sept 30
Cash Usage ~ pro-forma $500K/month
Business Model
Target Gross Margin 40-50%
Target OpEx of 15-25%
Break-even is ~$1.3M/month
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Topic Summary
Key Corporate Decisions
Contract Manufacturing Transition Plan
Shipment Status
Product and Technology Roadmap
Financial Modeling
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This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.
Certain statements in this presentation may constitute “forward-looking” statements which involve known and unknownrisks, uncertainties and other factors which may cause our actual results, performance or achievements, or industryresults, to be materially different from any future results, performance or achievements expressed or implied by suchforward-looking statements. When used in this presentation, such statements use such words as “may”, “will”, “expect”,“continue”, “believe”, “plan”, “intend”, “would”, “could”, “should”, “anticipate” and other similar terminology. Thesestatements reflect current assumptions and expectations regarding future events and operating performance and speakonly as of the date of this presentation.
Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of futureperformance or results, and will not necessarily be accurate indications of whether or not such results will be achieved.A number of factors could cause actual results to vary significantly from the results discussed in the forward-lookingstatements, including, but not limited to, the factors discussed under the “Risk Factors” section of the filing statementthe Company filed with regulatory authorities on September 9, 2008. Additional risk factors can be found in theCompany's continuous disclosure filings, reports and other filings with securities commissions and regulatory authorities
in Canada and filed under the Company's profile on SEDAR at www.sedar.com. In addition to such risk factors,statements provided as of the date hereof regarding expected performance and results are based on the assumptionthat we will be successful in obtaining the prompt return of our business-critical property.
Although the forward-looking statements contained in this presentation are based upon what we believe are reasonableassumptions, neither we, nor the placement agents, can assure investors our actual results will be consistent with theseforward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflectnew events or circumstances.
Forward Looking Statements
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