GREEN BOATS IN PRACTICE

Green Dream Boats Ltd.

1 Yacht industry

POLAND

2

3

Yacht industry – Polish perspective

§  The only category where USA is not number one is sailboat production where Poland is on top of the list.

§  Poland is the largest manufacturer of boats of length up to 10 meters, just after the USA.

§  Polish production is focused on motor boats with outboard engines of length 6 to 10 meters.

Source: Tommi Laaksonen „A MARKET ANALYSIS ON THE GLOBAL BOATING INDUSTRY„

Domestic boat production (units) - 2012

Country Sailboats Inboard/sterndrivemotorboats

Otherrigidboatsincloutboardmotorboats

Inflatableboats2,5m+and20kg

+

Totals(excludingnotknownfigures)

Poland 5080 1530 10000 N/K 16610 France 4755 3318 3045 13621 24739 USA 4300 29530 459500 24300 517630

Germany 1196 1050 N/K N/K 2246 UK 593 1215 365 725 2898

Denmark 572 5 577 Turkey 540 1060 3510 1145 6255

NewZealand 447 545 2450 1400 4842

Italy 228 1470 2916 7396 12010 Japan 172 254 3531 7735 11692

ArgenGna 165 265 6804 940 8174 Spain 63 1262 N/K 255 1580 CroaGa 42 116 394 193 745 Finland 30 693 6402 N/K 7125

CzechRepublic 29 N/K 516 N/K 545

Greece 11 73 2999 585 3668 Norway 5 1750 2850 100 4705 Australia N/K N/K N/K N/K N/K Ireland N/K N/K N/K N/K 24

Netherlands N/K N/K N/K N/K 1750

SouthAfrica N/K N/K N/K N/K 1300

Sweden N/K N/K N/K N/K N/K

Switzerland N/K N/K N/K N/K N/K

Some key facts

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Import vs Export

§  95% of the production of yachts is addressed for export.

§  The majority of yachts manufactured in Poland are bound for European states, especially countries located in the Western part of Europe.

§  Yacht industry is one of the segments wherein many Polish brands can boast as international luxury brands.

Source: KPMG Luxury goods market in Poland 2011

Value of exports expressed in EUR m in Poland

Value of import expressed in EUR m in Poland

29.0 32.6

58.4

83.5

54.9

27.2 28.8

0 20 40 60 80

100

2004 2005 2006 2007 2008 2009 2010

Mln

Yachts and sail boats Yachts and motor boats Total

1.5 3.4 4.1

29.9

9.5 6.7 6.5

0

10

20

30

40

2004 2005 2006 2007 2008 2009 2010

Mln

Yachts and sail boats Yachts and motor boats Total

5

Yacht industry market in Europe §  The number of companies operating within the ship yard and yacht sector in Poland

is the second highest number in Europe, just after Great Britain. §  Despite Poland has got a lot of companies that are operating in the ship yard and yacht

industry sector, the income is not that high, as the others countries in Europe. It proves that the most companies are small.

Source: KPMG Luxury goods market in Poland 2011

The number of companies operating within the ship yard and yacht sector in Europe, in 2009

0 3 6 23 28 30 41 54 61

107 107

163 311 316 337 351 379

521 535

575 711

920 1095

0 200 400 600 800 1000 1200

Luxembourg Cyprus

Slovakia Lithuania

Austria Lativia

Denmark Slovenia Estonia

Hungary The Czech Republic

Portugal Germany

Croatia Romania

Greece Finland Spain

Norway France

Sweden Poland

Great Britain

9586 5678

4945 4178 4122

1434 1389

1012 776

479 355

160 59 57 48 37 27 10 2 0

0 2500 5000 7500 10000 12500

Norway

France

Germany

Spain

Great Britain

Finland

Poland

Romania

Croatia

Greece

Sweden

Portugal

Lithuania

Slovakia

Slovenia

The Czech Republic

Austria

Hungary

Cyprus

Luxemborg

Income from the ship yard and yacht industry sector in Europe, in 2009 (expressed in millions of EUR)

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Yacht market industry vs environment

§  EU introducing new directives regarding the noise emission and pollution limits.

§  The directives and official laws are supported by local laws on lower levels.

§  In Poland and other European countries we observe an increasing number of quiet zones, forbidding usage of motor boats.

§  Only in Poland the no. of new quiet zones has rapidly increased over the last decade: ü  2002 - 7 new lakes ü  2003 – 48 lakes ü  2004 – 12 lakes ü  2008 – 25 lakes ü  2012 – 90 lakes (!)

2 Green Dream Boats

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Green Dream Boats – the company

Basic information about Green Dream Boats

§  Location: Poland (North, Gdansk) §  Incorporated: 2014 §  Ownership: privately held §  Workforce: ca. 50 §  Projects: sollinEr – 100% solar catamaran §  Own shipyard located in Gdansk §  New modern production facility to be

based in the Special Economic Zone (governmental tax support)

Our Location

8

SollinEr

§  Catamaran §  Electric engine (@ 2kW & @ 4kW) §  Solar panels on the roof (1 kW) §  Modern design §  Customized interior §  Electric roof (8 sec.) §  Areas of exploitation: ü Recreation & leisure ü Charter business/tourism ü Transportation ü Recreational fishing ü Yacht’s tender boat

§  Recommended for: ü Lakes ü Bays ü Canals ü Quiet zones

What is sollinEr ?

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SollinEr – technical specification

620 cm 244 in

233 cm 92 in

45 cm 17 in

10 p.

12 km/h 7.5 m/h

16 km/h 10 m/h

800 kg 1 764 lbs

UNLIMITED

hull length hull width max draft crew limit

max speed @ 2kW engine

max speed @ 4kW engine

weight cruising range at sunny day

10

SollinEr – how it works?

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Navigation cockpit

Steering system with steering wheel

Foldable laminate hardtop bimini

Photovoltaic panels

U-shape mattress in cockpit

Side entrance lock

LED lights in cocpit

SollinEr - achievements

Where can you find sollinEr ?

Sales:

Over 40 units sold since mid

2015

Awards:

Eco-Product of the year 2015

(international trade fairs in Poland)

Presented in:

Duesseldorf Boot Show (Germany,

January ’16)

Dubai Boat Show (UAE, February ’16)

Oslo Boat Show

(Norway, March ’16)

HISWA Amsterdam (Netherlands,

March ’16)

Cannes (France,

March ’16)

12

50 Most Creative

Entrepreneurs in Poland

13

Our geographical presence

14

Countries where we already are Countries where we will be in near future

Lessons learnt – business perspective

§  The maritime cruising industry is only at the beginning of the eco (r)evolution

§  The changes will be more importantly caused by revised local laws (e.g. increasing no. of quiet water zones, lower CO2 emission directives) instead of organic innovative approach of manufacturers (the demand does not enforce the supply – people prefer „traditional luxury”).

§  The development of more efficient technology will be the key driver for enhancing the eco (r)evolution in the maritime market (more efficient batteries and engines, new solar power technologies (e.g. perovskites))

§  The real eco revolution will not happen until a real complex and self-efficient alternative in the maritime business arrives, as Tesla in the motor industry (same quality, same durability, same efficiency, same experience but eco)

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Where are we?

What will drive the changes?

What is really needed?