Cea Industries Inc. · NASDAQ:BNC
Cea Industries — Surna — Q1 2019 Earnings Presentation
11 slides from Cea Industries's earnings presentation, May 20, 2019
Slide 1: Q1 2019 Investor Presentation
== SURNA Q1 2019 INVESTOR PRESENTATION MAY 21, 2019
Slide 2: Cautionary Statements
suRNA Cautionary Statements Forward Looking Statements This investor presentation may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements ref
Slide 3: Operating Results
suRNA Operating Results For the Three Months Ended March 31, Revenue, net $ 1,771,230 $ 2,054,728 Cost of revenue 1,281,157 1,672,714 Gross profit 490,073 382,014 Operating expenses: Advertising and marketing expenses 124,626 211,016 Product development costs 116,933 75,172 Selling, general and admi
Slide 4: Key Financial Metrics
== SURNA’ Key Financial Metrics $3.5 million $33 30 25 $23 $22 $21 g99 20 $1.8 sis SIT stg 15 1.0 05 Qi Q2 Q3 Q4 Qi Q2 Q3 Q4 Qi 2017 «2017, 2017, 2017, 2018 = 2018 = 2018 39 2018 = 2019 $0.0 million -s0.4 $0.6 fmm -S0.6| -s0.6| -s0.8| 05 -$1.2| $0.6 $0.6 1.0 $0.9 -$0.9 Adjusted Operating |) s1.2 $1.
Slide 5: Bookings, Backlog and Revenue Conversion
==surna_ Bookings, Backlog and Revenue Conversion $12 million $11.5 60% “ Revenue Revenue conversion % = Conversion quarterly revenue / prior quarter-end backlog 0%) 10 50 $8.5 Backlog HB Net Bookings er ss 4 $3.8 $3.9 1%, - $2.7 2 $1.9 $1.9 ' 40 Pt F Pt Qi Q2 Q3 Q4 Q1 Q2 Q3 Q1 2017 2017 2017 2017 2
Slide 6: Expanded Product/Service Offering: Facility Lifecycle Matrix
Expanded Product/Service Offering == surna_ Facility Lifecycle Matrix Meeting Wider Range Over the Greater and 7 of Cultivators’ 7 Facility’s = More Consistent Environmental Full Lifecycle Le and Predictable Control Needs Revenue ¥ Design options / Budgeting ¥ Project timelines ¥ Engineering - MEP /
Slide 7: Year-to-Date Report: Milestones Achieved
== surna Year-to-Date Report: Milestones Achieved Financial Os Products Contract Value Estimated 2019 (in millions) Revenue Recognition Q1 2019 Bookings Highlights: Retrofit project for multi-facility operator $1.3 Q2-Q3 New build facility project - 90,000 square feet (SF) $2.2 Q3-Q4 Q2 2019 Booking
Slide 8: Corporate Profile
=surna Corporate Profile TRADING INDEPENDENT DIRECTORS Symbol SRNA Timothy Keating Trading Venue OTCQB e 34 years on Wall Street, incl. Bear Stearns, Nomura & Kidder, Peabody Stock Price (as of 3/29/19) $0.061 a e 17 years as principal owner of Keating 52-Week Price Range $0.05 - 0.29 Investments; p
Slide 9: Market Comparables
Ticker Symbol Stock Exchange Stock Price (5/2/2019) x Shares Outstanding (in MM) Market Value of Equity +Debt / -Cash Enterprise Value ("EV") LTM Revenue EV/LTM Revenue Maximum Median Mean Minimum Market Comparables Genneon | Generation | KushCo | Genel! | Helix Tes eae Corp. Alpha Inc. Holdings Cor
Slide 10: Point A (2018) to Point B (2020): Goal and Public Company Platform
== SURNA’ Point A (2018) 5 8 a rs e = 8 a Point B (2020) Goal: Organic Business ~s © Revenue: $9.6 MM (3-year CAGR 8%) © Adjusted net loss: $(2.6) MM © New build projects: Nearly 100% of revenue © Expansion/retrofit projects: Target 25% of revenue © Facility lifecycle products/services: Recurring re
Slide 11: Contact Information
CONTACT INFORMATION Tony McDonald Chief Executive Officer (303) 993-5271 tony@surna.com