Fuelcell Energy, Inc. · NASDAQ:FCEL
Fuelcell Energy — FY2020 Earnings Presentation
18 slides from Fuelcell Energy's earnings presentation, Jan 21, 2021
Slide 1: Fourth Quarter and Fiscal 2020 Financial Results & Strategy Update
Fourth Quarter and Fiscal 2020 Financial Results & Strategy Update January 21, 2021 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements with respect to the Company’s anticipated financial results and statements r
Slide 3: FuelCell Energy: A Global Leader in Fuel Cell Technology – Operating Since 1969
FuelCell Energy: A Global Leader in Fuel Cell Technology – Operating Since 1969 Demand for Clean, Reliable Electricity Driving Adoption of Fuel Cell Technology TOTAL FY 2020 REVENUE BREAKDOWN2: $70.9M Service & License Advanced Technologies Generation Product High Visibility to Recurring Revenue 1 A
Slide 4: Purpose Statement
Purpose Statement 4 Enable The World To Live A Life Empowered By Clean Energy
Slide 5: Today's Messages
Today’s Messages 5 Made continuing progress against our project backlog Fiscal year 2020 revenue grew approximately 17% to $70.9M Completed 2.8 MW biogas power platform in Tulare, CA Near completion on 8.8MW of new power platforms U.S. Navy base in Groton, CT Biogas project in San Bernardino, CA Aft
Slide 6: Q4 and Fiscal 2020 Financial Performance
Q4 and Fiscal 2020 Financial Performance
Slide 7: Q4 and Fiscal 2020 Financial Highlights
Q4 and Fiscal 2020 Financial Highlights Q4 2020 Financial Highlights Revenues increased approximately 54% to $17.0M, primarily benefitting from increased service revenue recognized for module exchanges at three plant locations Loss from operations improved to $(17.1)M compared to $(33.0)M, reflectin
Slide 8: Fourth Quarter of Fiscal 2020 Financial Performance and Backlog
Fourth Quarter of Fiscal 2020 Financial Performance and Backlog 8 1 Refer to reconciliation in Appendix. Progressing Powerhouse Strategy to Drive Operational Excellence
Slide 9: Cash and Liquidity
Cash and Liquidity 9 Improved Liquidity with Increased Unrestricted Cash, Lower-cost Capital Structure $39.8 $239.6 Significant Improvement in Liquidity As of October 31, 2020, total cash, restricted cash, and equivalents of $192.1M Company raised $173.2M through common stock sales and warrant exerc
Slide 10: Operational Update
Operational Update Continued implementation of our Powerhouse Business Strategy is our major focus 10 Made continuing progress against our project backlog During fiscal year 2020 we completed our 2.8 MW biogas power platform in Tulare, CA Near completion on 8.8 MW of new power platforms U.S. Navy ba
Slide 11: Powerhouse Business Strategy: Well Positioned for LT Growth and Value Creation
Powerhouse Business Strategy: Well Positioned for LT Growth and Value Creation Disciplined Plan to Strengthen Business, Maximize Operational Efficiencies and Position Us for Growth 11 Build a Durable Financial Foundation and Enhance Financial Results Drive Operational Excellence Penetrate Significan
Slide 12: Building on Multi-Featured Current Technology Strengths with Next-Gen Technologies
Building on Multi-Featured Current Technology Strengths with Next-Gen Technologies Commercializing an Advanced Clean Energy Technology Portfolio 12 Carbon Separation & Utilization
Slide 13: Focusing on Profitable Growth Enabled by Strengthened Financial Position
Focusing on Profitable Growth Enabled by Strengthened Financial Position 13 FUTURE GOALS Positive EBITDA Positive Free Cash Flow Deliver Returns on Invested Capital Revenue growth from commercialization of our hydrogen and carbon capture platforms, and carbon separation and utilization applications
Slide 14: Key Investment Highlights
Key Investment Highlights 14 1 2 3 4 Strengthened balance sheet with liquidity to complete project backlog and accelerate commercialization of new technologies Leadership committed to project execution, achieving financial milestones, and delivering state-of-the-art fuel cell platforms to contribute
Slide 15: Q&A
Q&A fuelcellenergy
Slide 16: Appendix
Appendix fuelcellenergy
Slide 17: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 17 These supplemental non-GAAP measures are provided to assist readers in determining operating performance. Management believes EBITDA and Adjusted EBITDA are useful in assessing performance and highlighting trends on an overall basis. Management also believes these
Slide 18: FuelCell Energy Operating Portfolio and Project Backlog Overview
FuelCell Energy Operating Portfolio and Project Backlog Overview 18 Refers to FCEL fiscal quarter (1) (1)