This document summarizes ATEC's technology for decarbonizing cooking at scale through their patented product and carbon credit platform. Their flagship electric induction stove, eCook, generates carbon credits automatically through embedded IoT sensors. This provides a recurring revenue stream while benefiting over 4 billion people and reducing 2% of global emissions. ATEC has proven success with over 6,000 units sold and is uniquely positioned to disrupt the cookstove and voluntary carbon markets through their integrated product and carbon credit solution.

1. clean cooking
decarbonised
at scale

2. IMPORTANT NOTICE
This Deck is confidential and contains proprietary information and intellectual property of ATEC
Australia-International Pty. Ltd (the “Company”). Neither this Deck nor any of the information contained herein may
be reproduced or disclosed under any circumstances without the express written permission of the Company.

3. Decarbonising
cooking will benefit
4 billion people and
reduce 2% of global
emissions

4. Cooking with wood affects half the world’s population
800 million households currently cook with wood (biomass). Combined with large-scale industrial agriculture
deforestation and increasing incomes, these households are primed to transition to modern cooking.
Solving clean cooking with decarbonising technologies will unlock
significant Annual Recurring Revenue (ARR) in carbon markets to drive
adoption
3.5 million
deaths annually – or 1
in 18 fatalities – from
smoke inhalation
(mainly women)
$15/mth
Cost of buying
biomass once local
sources are removed
11m ha/year
deforestation driven
by industrial
agriculture meaning
cooking with wood is
no longer sustainable.
US$ 1.4 trillion
Healthcare costs
for treatment of
smoke inhalation
conditions
US$ 800 billion
increased
household
productivity
US$ 2.2 trillion
net economic gain
of decarbonising
cooking

5. Decarbonising cooking is a $16bn ARR carbon market
Decarbonising cooking will result in 2% global emissions reduction, more than decarbonising the global airline
industry. The high quality carbon credits generated from this presents a $16bn Annual Recurring Revenue
(ARR), but the pipeline of projects is highly constrained due to lack of scalability.
IoT Asset RealTime
carbon credits
Net Zero
Partners
Digital
verification
McKinsey (2021) expect a 15x demand increase for
voluntary credits by 2030 with net zero commitments
becoming stronger - then 100x by 2050
Future of carbon credits will be instant digital
generation off the device that can then be
transferred in real-time to net zero partners globally.
“Tech-driven approaches to measurement, reporting and
verification of climate impact claims is poised to transform the
market for carbon credits.” Brandon Middaugh, Director, Microsoft
Climate Innovation Fund.

6. ATEC’s patented
Product+Carbon
technology is
uniquely placed to
decarbonise
cooking at scale.

7. is a proven global leader in cookstove and carbon markets with patented IoT
technology that seamlessly connects product with international carbon markets.
Track Record
➢ Established 2016, ATEC is a multi-award winning enterprise
➢ Over 6,000 units sold Cambodia & Bangladesh, over 4,000 active customers
➢ 5x YoY unit sales growth last 12 months Jul’21-Jun’22
➢ Global leader in pay-as-you-go cooking since 2019
➢ $3.6m equity funding to date - investors include Engie, Schneider Electric & Elea
➢ 1st carbon credit deal signed with Engie in 2021
➢ $34.6m in carbon credit deals at term sheet or proposal phase from Jan’22 onwards
➢ First company globally to register IoT carbon credits under GS methodology in 2022
ATEC Product GPS Locations
ATEC has proven market penetration and growth
2 x Patented Products

8. ATEC’s flagship product, eCook, is a high-efficiency electromagnetic induction stove with embedded IoT technology. ATEC forecasts that electric cooking
will become the standard in cooking by 2030 - following $1.2tn being invested per year in electrification and decarbonisation.
eCook is the best-in-class performance and revenue potential
Patented PAYGO meaning
customers can pay off the stove
for as little as $5/mth
Highest safety of any cooking
solution for daily use, zero
particulate emissions.
Automatically calculates Carbon
Credits straight to ATEC’s AWS
server.
Paygo + mobile money means
customers can easily order online
with reduced risk to upgrade
Packaged with induction-ready
pots, delivered via eCommerce
distribution partners in 48hrs
50% cheaper to run than
competition such as LPG or
buying wood.
All eCook stoves are manufactured with a GSM SIM card pre-installed. This makes them ready to use anywhere in the
world. GSM connectivity allows ATEC to capture GPS & customer usage data in order to:
Connect with international debt finance to
fund paygo, stove switches off
automatically if no payment
Automatically generates Gold Standard carbon
credits for sale on international markets
View unit health and be notified
of tamper warnings
Monitor electricity consumption
and advise customers of
expenditure and savings
will become a global market leader for decarbonising
cooking

9. is a two-part solution for farming households
with highest carbon credit ROI of any stove type
ATECBIO systems convert animal manure as well as human, kitchen and green waste into biogas for cooking & organic fertilizer for use in farming. Biogas is
a nice product but will continue to have a strong market given it’s outputs for households and the highest output of carbon credits of any cooking device.
Can be installed in areas
with flooding or
high-groundwater
Up to 7 tons of carbon
abated per unit per year
=105 tons over 15 years.
Integrated with ATEC PAYGO
for installment payments
Durable design has a service
lifetime of 25 years
Easy ‘ikea’
installation process
allowing user install as scale
Net income increases by up to
US$ 521 / year
• 20 tons of high-quality fertilizer per year for free,
replacing harmful chemical fertilizers that degrade soil
quality
• Up to 1,800L of free biogas per day for cooking which also
reduces emissions and health issues
ATECBIO units turn farm waste into…

10. ATEC’s Impact Flywheel is unique strategic core of how we deliver
product+carbon as a compounding revenue and impact package over time. Households access paygo debt
to finance the purchase of cookstoves while simultaneously generate carbon credits. Stove and carbon
credit annual recurring revenue (ARR) grows over time - financing scale while cost/unit simultaneously drops.
IMPACT
FLYWHEEL
Our ability to deliver an ARR package of product+carbon at scale is ATEC’s
defensible position that will disrupt existing stove and carbon credit markets.

11. ATEC combines global expertise with local knowledge to distribute its product+carbon
credit solution to households across the world.
Ben Jeffreys
CEO
Rebecca Penglase
People and
Performance
Wilm Rompf
Lead Product
Development Engineer
Nikolai Schwarz
Country Director -
Cambodia
Shuvasish Bhowmick
Country Director -
Bangladesh
Phillip Barrow
CFO
Strategic leader with over
12 years experience in
managing teams across
social enterprise and
corporate sectors. Previous
roles include National
Development Manager at
SSE, Product Development
Manager at Oxfam and
Regional Sales Executive at
Westfield Ltd. Ben also has
a Bachelor of Business with
first class honors from
Queensland University of
Technology.
During her time in the
corporate and social
enterprise sectors
Rebecca has developed
an exceptional skill set
for project and people
management,
consulting & HR.
Previous roles include
Strategic HR Advisor &
Mentor as well as
Program and Portfolio
Manager at Accenture.
Wilm is driving the innovation
and constant improvement
of our products and
processes at ATEC. With a
background in industrial
engineering, Wilm has over
10 years of international
experience in technical
process engineering across
manufacturing and public
service industries. His
expertise in managing
technical teams and
developing data driven
environments will ensure
ATEC products are world
leading.
Nikolai brings over 15 years
of business development
experience to ATEC*'s team.
As Head of Social Business
with Friends International,
Nikolai specialized in
building passionate,
independent Cambodian
teams. Nikolai holds a
Masters Degree in
Management from ESCP.
Shuvo brings over 13 years
experience from the gas
sector in Bangladesh,
previously as Head of
Business Development at
Unigas Ltd. Shuvo has a
bachelor degree in Science
and Engineering, an MBA in
Marketing and an Advanced
Certified Business
Administration from IBA.
Finance leader with over 30
years of experience holding
leadership positions across
corporate finance
functions. Previous roles
include Audit at EY, CFO of
Retail at Lend Lease,
Finance Manager at
Leighton Contractors,
Financial Controller at The
GPT Group, and Corporate
Controller at BGIS. Phillip
has a Master of Applied
Finance from Macquarie
Graduate School of
Management.
Chung is a EMBA and
double MSc qualified
COO who passionately
applies his experiences
in operations, sales and
marketing, branding and
business development
to ATEC with 15+ years
of international
cross-functional
experiences across
diverse industries.
Chung Pin Teo
COO
Board of Directors
Quentin Vaquette | Founding Partner, Wavemaker Impact(ATEC Chair)
Matteo Chiampo | Technical Director – Second Muse
Mike McCreadie | Senior Managing Director, FTI Consulting
Loic de Fontaubert | Investment Director, Engie Rassembleurs d'Energies
Henri de Reboul | Cofounder & CEO, Phitrust
Christian Nielsen | Executive Director, Live and Learn International
Eleanor Loudon | CEO, Engineers Without Borders Australia
Stéphanie Abels | Director, elea Foundation
ATEC Team

12. Production
• Bio: 2,000
units/mth
• eCook: 10,000
units/mth
Wholesale
• Product package
• Stoves
provisioned to
ATEC IoT
services
Distribution
• Logistics
partners in
each market
• 48hr delivery
Digital eCom
• ATEC’s custom
ecommerce setup
• Digital marketing
customer
acquisition
• Centralised call
centre
User Finance
• ATEC paygo
$5-$30/mth via
mobile money
• No payment,
device switches
off
Service &
Carbon Data
• 5 touch-point
program: 90 days
• 3 year warranty
• Usage Data
collected for
carbon credits
Business model - Product to customer
ATEC has a proven track record in sales and distribution. ATEC brings the technology,
finance and carbon opportunities to the value chain, then works with in-country
distribution and digital marketing to connect product to customer.

13. ATEC partnerships have enabled growth across multiple geographic and sector markets
Debt & Equity Investors Partners Carbon Credits
Product & Distribution

14. $6.5m Series A will
expand ATEC as a global
leader in cookstove and
carbon markets.

15. $6.5m Series A will expand market reach and further
develop ATEC’s product+carbon technology stack to aggressively
capture both stove and carbon markets.
Product and carbon market expansion via
distributor partners across Asia & Africa.
MOUs signed in each market.
40%
40%
20%
Phase-2 product dev - enabling
automated data & payment flow
between household product and
carbon/capital markets
Digital carbon credit and paygo
partnerships development to drive
scale
Nepal Rwanda
Kenya
Zambia
Series A Focus Areas
Usage
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Carbon Credit
Buyer
ATEC
Server
Stove
Phase-2 automated integration of product+carbon
Verify

16. Driving active customers, ARR & profitability, moving ATEC through
further Series raises, break-even by 2025 and >$100m annual revenue by 2030. Full model here.
Series A will setup ATEC for forecast $15m Series B in 2024
ARR will be driven by compounding active customer growth in
paygo and carbon revenue streams
As we further position ourselves as a trusted provider in both emerging households and
international markets, ATEC will develop further ecosystem additions that seamlessly connect
these two markets together to drive profitability, decarbonisation and social impact.
Annual operating revenue
($ in million) 30%
Carbon
Credit ARR
by 2030
6.5
15

17. ATEC - triple-bottom-line opportunity this decade
ATEC’s unique approach brings together emerging market households with international capital markets -
bringing monetizable environmental, economic and social value.
$120m
total revenue
by 2030
30m
tons of verified
carbon credits
39,000
lives saved through
reduced smoke inhalation
ATEC has a clear fundraising roadmap and
exit strategy for investors by 2032. This
goal will be achieved by maintaining a
strong growth trajectory and reaching an
annual recurring revenue of $100m+.
Each stove will produce 2-7 tons/year for
up to 15 years since date of installation as
ARR.
Through achieving carbon and stove
market opportunities, an investment in
ATEC will also achieve some of the
highest social impact in the world - giving
current and future generations of women
the health, time and opportunity to
improve their lives.

18. Clean cooking
decarbonised
at scale
Ben Jeffreys, CEO
bjeffreys@atecglobal.io
+61418347822