Anaergia, Inc. · TSX:ANRG
Anaergia — Q4 2022 Earnings Presentation
15 slides from Anaergia's earnings presentation, Apr 10, 2023
Slide 1: Anaergia Reports Fourth Quarter and Fiscal 2022 Financial Results
Anaergia Inc. Anaergia Reports Fourth Quarter and Fiscal 2022 Financial Results - Investor Conference Call April 10, 2023 TSX: ANRG Fueling a Sustainable World
Slide 2: Disclaimers
Disclaimers Forward-Looking Information Certain statements in this presentation and certain oral statements made by senior management during the earnings conference call on August 16, 2022 (collectively, this "presentation") are “forward-looking information” within the meaning of applicable Canadian
Slide 3: Participating in Today's Call
Participating in Today’s Call Dr. Andrew Benedek Dr. Yaniv Scherson Paula Myson Chair & CEO COO CFO 3
Slide 4: Key Highlights
Key Highlights Revenue Growth High Capital Sales New Incentives Global Recognition (C$ millions) Bookings and Extensions 2022 was a year of multiple awards. Anaergia was recognized by the F u l l - Ye a r Revenue Booked new capital sales contracts 2022 saw new and extended European Biogas Associatio
Slide 5: Revenue Backlog and Market Opportunities
Revenue Backlog and Market Opportunities • Italy extended the deadline for new biogas facilities to be eligible for RNG credits under the existing CIC program until Q4 2022 CLOSING ADJUSTED REVENUE Dec 2023. Italy also published a new decree for incentives to support RNG production, that will run un
Slide 6: Financial Summary
Financial Summary • Revenue grew 25% in 2022 compared to 2021 (CAD millions) Q4 Q4 Fiscal Fiscal Change 2022 2021 Change 2022 2021 • Capital sales segment remains a strong contributor, contributing 76% of total revenue Revenues - 13% 40.6 46.7 + 25% 162.9 129.9 • Adjusted YTD EBITDA is $20.3 M lower
Slide 7: Capital Management and Liquidity
Capital Management and Liquidity • Cash, cash equivalents, and current restricted cash as of December 31, 2022, was $78.8M, $22.9M lower than at the end of Q4 2021. Non-current restricted cash was $16.5M • In February 2023, the Company completed the sale of Tønder for gross proceeds of €56M (~$80M).
Slide 8: Capital Sales
Capital Sales REVENUE Q4 2022 Q4 2021 Change Fiscal 2022 Fiscal 2021 Change CAD Million Capital Sales Revenues $22.0 $39.1 -44% $123.1 $112.6 9% Continued Capital Sales Growth • Capital Sales revenue in Fiscal 2022 is up only 9% YOY primarily due to project delays. North America and EMEA continue to
Slide 9: Recently Commissioned the Ambiente & Risorse Facility in Piacenza, Italy
Recently Comissioned the Ambiente & Risorse Facility in Piacenza, Italy Converting Food and Green Waste to Renewable Energy 40,000 tons/YR Feedstock Throughput SSO Feedstock Type ~134,000 MMBtu/YR of RNG Sold to utility w/ fixed 10-year fixed CIC credits Offtake and Credits 9
Slide 10: Services and BOO
Services and BOO REVENUE Q4 2022 Q4 2021 Change Fiscal 2022 Fiscal 2021 Change CAD Million Services $2.9 $4.2 -31% $15.6 $12.1 28% BOO $15.7 $3.4 356% $24.2 $5.1 377% Continued Service Revenue Growth • Service segment of the business continues to grow, with 28% YOY growth • Large contributions to se
Slide 11: BOO Overview
BOO Overview No. of Annual RNG Output1,7 Consolidated Run-Rate Location Projects (MMBTU) Contruction CAPEX2,6 EBITDA3, 4 6 BOOs in Operation North America9 Europe5 6 6 ~1,948,000 ~607,000 ~$362 M ~$237 M ~$66 M ~$33 M ~$70M 6 BOOs in Execution Current Total (at 100% ownership) 12 ~2,555,000 ~$599 M
Slide 12: Update on the Rialto Bioenergy Facility
Update on the Rialto Bioenergy Facility • The City of Los Angeles belatedly implemented its ordinance in December 2022, which requires all commercial generators to subscribe to organic waste collection and diversion services o The enforcement of this ordinance is expected to drive up waste supply to
Slide 13: Key Takeaways going into 2023
Key Takeaways going into 2023 The overall business fundamentals remain strong, and the business has seen healthy growth, as demonstrated by ~25% YOY increase in revenue • The Company continues to build a strong operational base at its 12 BOO facilities • In Italy, two BOO facilities are now in opera
Slide 14: Q&A
Q&A 14
Slide 15: Thank you for attending.
Thank you for attending. 15