Driving Innovation to Power a Cleaner Tomorrow

January 2022

.Corporate Presentation

Westport Fuel Systems

Disclaimer and Forward Looking Statements

This presentation is being issued for informational purposes only, is not intended to provide the basis for any credit or other evaluation and does not form part of any offer or invitation to sell or issue any securities or any solicitation of any offer to purchase or subscribe for any securities. This presentation, in whole or in part, shall not form the basis for any contract or investment decision with respect to Westport Fuel Systems and should not be relied on in connection with any such contract or decision. No reliance should be placed on the accuracy or completeness of the information contained in this presentation. Westport Fuel Systems has not independently verified any data from third party sources referred to in this presentation.

This presentation contains forward-looking statements, including statements regarding revenue and cash usage expectations, future strategic initiatives and future growth, future of our development programs (including those relating to HPDI and Hydrogen), the impact of COVID-19 and ongoing semiconductor shortages on our business, the demand for our products, the future success of our business and technology strategies, intentions of partners and potential customers, the performance and competitiveness of Westport Fuel Systems' products and expansion of product coverage, future market opportunities, speed of adoption of natural gas for transportation and terms and timing of future agreements as well as Westport Fuel Systems management's response to any of the aforementioned factors. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward looking statements. These risks, uncertainties and assumptions include those related to our revenue growth, operating results, industry and products, the general economy, conditions of and access to the capital and debt markets, access to required semiconductors, solvency, governmental policies and regulation, technology innovations, fluctuations in foreign exchange rates, operating expenses, continued reduction in expenses, ability to successfully commercialize new products, the performance of our joint ventures, the availability and price of natural gas, global government stimulus packages and new environmental regulations, the acceptance of and shift to natural gas vehicles, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the development of competing technologies, our ability to adequately develop and deploy our technology, the actions and determinations of our joint venture and development partners, the effects and duration of COVID-19 and the ongoing semiconductor shortage as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward looking statements except as required by National Instrument 51-102. The contents of any website, RSS feed or twitter account referenced in this press release are not incorporated by reference herein..

This communication is not intended to and does not constitute an advertisement, an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction where they may not be lawfully offered for sale, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of applicable Canadian securities law and Section 10 of the United States Securities Act of 1933, as amended. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, no public offer will be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mail or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction. No securities commission or similar authority of the United States, Canada, or any other jurisdiction has reviewed or in any way passed upon this document or the merits of the securities described herein, and any representation to the contrary is an offense.

Nasdaq:WPRT / TSX:WPRT

PAGE 2

Westport Fuel Systems at a Glance

Tier 1

Manufacturing

Renewable

Automotive Supplier

7 Global Locations

and Alternative Fuels

70

>100

>1,400

Patents &

Countries (Sales)

Global Distributors

Applications

Nasdaq:WPRT / TSX:WPRT

PAGE 3

We Design, Engineer and Manufacture Fuel Systems and Components

Fuel Tank Systems

Type 1 CNG Tank System

LPG Tank System

LPG Level Sensor

HPDI LNG Pump

HPDI LNG Tank Module

Valves

CNG

Tank

Valves

CNG

Fill

Valves

Solenoid

Cylinder

Valves

Integrated

Tank Valve

Regulator

H2 Tank

Valves

Regulators

CNG

Pressure

Regulators

LPG

Pressure

Reducers

HPDI

Gas

Conditioning

Module

H2 Pressure

Control

Modules

Injectors

Natural Gas

Injectors

Injector

Rails

HPDI

Injector

Electronics

CNG

Electronic

Control

Modules

Bi-Fuel

Electronic

Control

Modules

Nasdaq:WPRT / TSX:WPRT

PAGE 4

Macro Trends Driving Our Growth

Regulation

  • European CO2

(2025/2030)

    • Heavy Duty: -15% /-30%
    • Light Duty:
      -33% /-50%
  • China VI
  • India Bharat Stage VI
  • US 2027 GHG II

Affordability

  • Affordability required to achieve scale
  • Population growth and economic development are the fundamental driver of demand for transportation

Fuel Availability

  • China: largest existing infrastructure with 6,500 LNG stations (1)
  • Europe: 4,102 CNG, 485 LNG, 40k+ LPG stations and growing
  • India: 10,000 CNG stations planned within this decade
  • US: 1,680 CNG and 144 LNG stations and growing
  1. https://www.ngvglobal.org/ngv-statistics/
  2. https://www.petrolplaza.com/news/26881

Nasdaq:WPRT / TSX:WPRT

Renewables

  • "Ready now" products that enable up to 100% well-to-wheelnet-zero carbon emissions
  • Shell building 50 carbon neutral LNG stations in Germany(2)
  • Green Hydrogen

Product Availability

  • Production solutions available NOW
  • We don't have to wait to address demands for clean, affordable transportation

PAGE 5

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Disclaimer

Westport Fuel Systems Inc. published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 01:41:05 UTC.