Electric

Bus

Agenda

Business Introduction

Avass People

Business Locations

Products and Services

EV Buses & Technology

Financial and other Benefits of EV

Adaption of EV Buses

Business Introduction

Established in Melbourne Australia, Avass Group of Companies has a proud and successful history. Commencing operations as a Consulting Engineering Body, the group has developed and diversified over the years and now trade within the Electric Vehicle Manufacturing, Project Management, Fabrication, Commercial Vehicle Component Design, Automation and Distribution.

Innovation for Avass is a refreshing new inspiration to consistently introduce technology improvements.

Our combination of research and field experience in comprehensive test and evaluation brings together products and processes to improve productivity and lifestyles.

We at Avass look beyond competitor innovations and adapt breakthrough technology systems providing significant advantages.

Our innovations are directed to commercialised sectors with resourcing and management to generate profitable returns.

Avass collaborates with clients in all business sectors to develop Innovation as a full cycle process enabling organisations to transform ideas into business models and increasing capabilities.

Avass delivers “something new” in products and services, business processes, product/service delivery, business designs, or new styles of management.

People

Our strengths are in our people. Avass professionals are from diverse sectors of Engineering, Chemistry, Biomechanical, Science, Automotive, Aerospace, Rail and Electronics. Our dedicated

team’s potential has made a mark in developing numerous world first innovations introduced to the

marketplace.

Our teams work in unison throughout various locations around the globe creating and developing new ideas and client requests. Collectively, Avass have over 100 years automotive experience.

Executive Team (left to right)

Andrew Blair – Manager Bus Fabrication

Brian Cuthbertson – General Manager

Dan Dang – Commercial Manager

Darren Owen – Manager Bus Fabrication

Allen Saylav – Chief Executive Officer

Bill Brinkat – Engineering Consultant

Dr Laurie Sparke – Chief Engineer (absent)

Locations

Global Head Office – World Trade Centre Docklands, Melbourne Victoria, Australia

Global Sales Office – Hong Kong

Component Production and Supplies – Huzhou China

Australian Vehicle Manufacturing Plant – Avalon Business Park, Avalon Victoria Australia

China Vehicle Manufacturing Plant (2016)

South America Vehicle Manufacturing Plant (2017)

India Vehicle Manufacturing Plant (2017)

Europe Vehicle Manufacturing Plant (2018)

South Africa Vehicle Manufacturing Plant (2019)

Products and Services Manufacture of Avass vehicles mainly commercial vehicles including:

12 Metre City Passenger Bus – used in public transport services and private

organisation.

12 Metre Coach Bus – used for long distance comfort travel such as touring and

interstate travel.

9 Metre Passenger Bus – used for group travel such as school, government offices etc…

Small Trucks (< 7000kg) – used for metropolitan transport and logistics companies

Retro-fit / Conversion of existing vehicles from fossil-fuel drivetrain to environmentally friendly battery and electric motor base drivetrain.

Vehicle certifications and custom modifications.

Purchasing assistance through Finance and Lease options.

Research and Development (subsidiaries)

EV Buses

All Buses

Power rating 80KW / 140KW

Torque rating 600NM / 1000NM

Distance Range 800KM

Empty to Full Charge time 1-4 hours

Dimensions 12.5mtr, 2.49mtr, 3.6mtr (LWH)

City Bus

Maximum occupancy 81 standing / 35 seated + 1driver

Gross Vehicle Mass 20,000kg

Net vehicle mass is 12,000kg

Touring Coach

Maximum occupancy 49 seated + 1 driver

Gross Vehicle Mass 20,500kg

Net vehicle mass is 12,500kg

Avass’ EV Technology Avass technology is world changing in many ways

Our Batteries are

High density / capacity (World Guinness Book of Records holder for

maximum range, at 1018km, 4 times the distance of the next competitor)

Quick charge (6 minute rapid charge, 2-4 hours full charge from empty)

Operates at ambient temperature (key safety feature)

High operating cycle (long 15+ years operating life, 8 years warranty)

Small and Versatile and can be deployed (and re-deployed) in many

applications.

Low production cost

Stringent Test and Certifications

Safety and Certifications

Financial Benefits of EV

Increased fuel efficiency by 60%.

Studies conducted by US Department of Energy shows that EV

commercial vehicles are highly suitable for city stop-start traffic conditions, their test showed an average reduction of 60% in fuel cost.

Real life test conducted by Avass during drives from Melbourne to Sydney (887km) in Sept 2015, returned an average electricity cost of $64

compared to $400-500 of diesel.

Reduced green house contributing emissions

Comparison between diesel and EV light commercial vehicles (7-12,000kg) shows a 40% reduction in greenhouse emissions.

Reduced maintenance cost

EV drivetrains have less components and have less wear and tear, as such

maintenance cost and frequencies are reduced

Public Relations Advantages Brand differentiator

There are no other “commercial” EV bus in Australia

Reduced Greenhouse emissions by up to 40%

2013 study conducted in the US comparing diesel to EV delivery trucks driving in city conditions, shows EV has 40% less harmful emissions.

Australia Made

Avass buses are design and engineered in Australia and manufactured locally in Peru*

Recyclable

After 15 years of bus operations, EV technology and power source can be re-deployed to power less demanding applications such as house hold / consumer electrical appliances.

World Guinness Book of Records holder

Avass EV technology, our power source and bus holds the world record for longest distance travelled on a single charge.

* Subject manufacturing capability

Decision Making – topics to consider

Financial analysis

Total Cost of Ownership

Life Cycle Cost

Capital Investment

Regulator’s compliance

Government incentives / concessions

Adaptation process

Below is the recommended adaption process to ensure successful introduction and EV buses into existing business.

1. Analysis of Current Fleet and Total Cost of Ownership

2. Identify opportunity to convert / replace current fleet (all or single unit at a time) with new EV buses

3. Commence Trial period

Trial can be with an Converted or a New bus

4. Prepare business case and seek investment approval

5. Place Order and take delivery of EV bus

Fleet Analysis (sample)

Global operations comprise 45,000+ vehicles

Melbourne fleet size is 500+ buses

195 MAN buses (165 are MAN 16.2XX series buses)

173 Scania buses (84 are Scania K230UB series buses)

81 Mercedes

55 Volvo

Average Age

97 buses are older than 15 years (2000 or older)

86 are between 10-15 years old (2001 - 2005)

165 are between 5-10 years old

56 are less than 5 years old

107 are unknown

Opportunity (sample)

Of the 97 vehicles that are 15+ years old, there are 8 in the XXX Depot that are more than 20 years old. These vehicles are due or near due to be replaced. There is a real opportunity to replace them with Avass electric buses.

Avass and CUSTOMER can enter into an delivery program that enables Customer to introduce EV buses into its fleet with minimal financial and operational impact.

EV Adaptation 1 - Conversion

Customer provide a vehicle for Avass to convert the vehicle from diesel to electric.

Customer commence 2 month trial of vehicle

Avass will sell to Customer the recharger unit

Trial criteria are jointly developed and agreed to

Avass will sell o customer complete battery and electric drivetrain

On completion of trial and criteria are successfully met, Customer proceed to

places an order

The trial vehicle can be retained by the customer or Avass can negotiate a buyback

agreement.

EV Adaptation 2 – New Bus

Customer purchase Gen 1 buses for immediate trial or

Customer purchase Gen 2 bus for trial commencing in June.

Trial criteria need to be specified and agreed to by both parties

Customer buy charging unit from Avass.

Customer proceed to place order with Avass.

Thank you

Questions and

Answers