FREYR(FREY) - 2024 Q2 - Earnings Call Presentation

Financial Performance and Liquidity - FREYR held a strong balance sheet with $222 million in cash as of June 30, 2024[4] - The company is focused on extending its cash liquidity runway to 36 months or longer through spending rationalization[4, 8] - Year-to-date total cash uses in 2024 amounted to $54 million[7] - Total assets were $644 million as of June 30, 2024, compared to $732 million as of December 31, 2023[7] Strategic Initiatives and Growth Opportunities - FREYR is targeting first revenue and EBITDA in 2025[4, 8] - The company is pursuing downstream business opportunities focused on modules and packs at Giga America and/or Giga Arctic[5] - FREYR is evaluating potential inorganic growth opportunities[5, 8] - The company aims to preserve the option value of its SemiSolidTM position and develop new funding pathways for the CQP[5, 8] Market and Technology - Batteries are viewed as a core enabler of the energy transition, particularly for storage applications that enhance power grid reliability[6] - The company is working with partners to design safe, improved, and competitive battery solutions tied to next-generation IP[5]