Capstone Green Energy Holdings Inc. · OTC:CGEH
Capstone Green Energy — Q2 2026 Earnings Presentation
19 slides from Capstone Green Energy's earnings presentation, Nov 13, 2025
Slide 1: Second Quarter Fiscal Year 2026 Earnings Conference Call
OTCQX: CGEH Second Quarter Fiscal Year 2026 Ended September 30, 2025 Earnings Conference Call/Webcast Innovating Today for a Cleaner Tomor row
Slide 2: Safe Harbor
Safe Harbor This presentation contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the financial outlook, business strategy and plans and market trends, dev
Slide 3: Welcome & Leadership Update
Welcome & Leadership Update Vince Canino President & Chief Executive Officer OTCQX: CGEH
Slide 4: Financial Momentum & Operational Strength
Financial Momentum & Operational Strength Topline/Bottomline Dashboards Q2 Revenue Adj. EBITDA Bridge $5,663 $16,000 Q2 Revenue Up 25% YOY $14,000 FY26 $28,385 $12,000 $10,000 Products 43% FY25 $22,722 $8,000 EaaS 25% $6,000 $4,000 Q2 Adj. EBITDA $0.7MM $2,000 Q2 Adjusted EBITDA Up YoY $- Q1 FY25 Q2
Slide 5: Revenue Mix Transformation
Revenue Mix Transformation Bookings Continue to Drive Increase Revenue Growth TMM Product Revenue Product mix shifting to big box units $60,000 C65’s flat due to geopolitical issues in EU $50,000 TTM Product revenues now >50%+ contribution $40,000 Larger block orders are growing $30,000 No
Slide 6: Financial Performance – Gross Profit & Net Income Trends
Financial Performance – Gross Profit & Net Income Trends Trailing Six Quarter (TSQ) Shows Positive Progress Gross Margin Net Income 12,000 35% 2,000 30% 10,000 1,000 25% 8,000 - 20% 6,000 (1,000) 15% (2,000) 4,000 10% (3,000) 2,000 5% (4,000) - 0% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 (5,0
Slide 7: DFMA Impact: In-House Injector Welding & Assembly
DFMA Impact: In-House Injector Welding & Assembly Injector Assembly Optimization Context: Current State: Fully assembled injectors are welded together by the supplier. History: Capstone previously welded injectors in-house but outsourced to reduce overhead. DFMA Analysis: DFMA team calculated
Slide 8: Q2 FY26 vs. Q2 FY25 Financial Results
Q2 FY26 vs. Q2 FY25 Financial Results (In millions) Q2 FY26 Q2 FY25 1H FY26 1H FY25 Microturbine Product and Accessories $16.1 $11.3 $31.8 $16.7 Parts and Services $ 7.9 $ 7.9 $15.9 $15.8 Rental $ 4.4 $ 3.5 $ 8.6 $ 5.9 Total Revenue $28.4 $22.7 $56.3 $38.4 Gross Profit $ 9.0 $ 7.0 $16.5 $10.8 Gross
Slide 9: Q2 FY26 Select Balance Sheet & Cash Flow Items
Q2 FY26 Select Balance Sheet & Cash Flow Items (In millions) September 30, 2025 March 31, 2025 Cash & Cash Equivalents $ 7.7 $ 8.7 Accounts Receivable, $ 14.3 $ 7.0 Net of Allowances Total Inventories $ 20.3 $ 20.1 Accounts Payable & Accrued Expenses $19.9 $ 15.5 (In millions) September 30, 2025 Sep
Slide 10: Strategic Technology Investments
Strategic Technology Investments Innovating Today for a Cleaner Tomorrow New Combustion C250 Engine Liners that can Deliver Successful Test Run ~5ppm NOx The C250 Engine achieved its successful test run, marking Developed new Combustion a critical milestone in our Liners capable of delivering advanc
Slide 11: 800 Volts DC: Why It Matters
800 Volts DC: Why It Matters 800 VDC – All The Buzz The 800 VDC revolution is not just about power efficiency – it’s about enabling the next frontier of AI capabilities “Eaton unveils next-generation “Infineon advances leading- “Delta Electronics architecture to advance 800 VDC edge 800 Volt AI data
Slide 12: Pipeline Growth
Strategic Resilience in a Changing Energy Landscape New Tailwinds Can Drive 3-5X Growth Growth from New Tailwinds 5x 4x Pipeline Growth Strong Tailwinds Powering the Next Phase of Growth Traditional Grid Fragility Driving Resiliency Issues 3x Distributed Generation High Infrastructure Costs Te
Slide 13: Q&A
Q&A OTCQX: CGEH 13
Slide 14: Appendix
APPENDIX OTCQX: CGEH 14
Slide 15: The Missing Piece in the 800 VDC Roadmap
The Missing Piece in the 800 VDC Roadmap The current Capstone microturbine system relies on double conversion from high-frequency AC to DC, then from DC to low-voltage AC (e.g., 480VAC at 60 Hz). The new HVDC microturbine system will have higher efficiency via single conversion of the turbine genera
Slide 16: Microturbine Product Suite
Microturbine Product Suite Capstone Green Energy’s Core Technology C200 ICHP C600 ICHP C800 ICHP C1000 ICHP C65 ICHP Proprietary Air Bearing Technology Fuel Availability No lubricants or coolants needed Natural gas, biogas, liquid fuels & a hydrogen blend Inverter Based w/ One Moving Part Free Clean
Slide 17: Capturing the Explosive Tailwinds of DG
Capturing the Explosive Tailwinds of DG Total Addressable Markets (TAM) | Low Capture Rates | Big Revenues Data Centers Ports/Terminals 28,000 MWs ~1,125 Terminals $126+B TAM (Global) $18+B TAM (Global) $304B TAM Microgrids Station Power 971K Sites ~557 CCGT Plants 140+B TAM (CA) $20+B TAM (USA) Sou
Slide 18: Q2'26 YTD Reconciliation of Non-GAAP Financial Measures
Q2’26 YTD Reconciliation of Non-GAAP Financial Measures To supplement the Company’s unaudited financial data presented on a generally accepted accounting principles (GAAP) basis, management has presented Adjusted EBITDA, a non-GAAP financial measure. This non- GAAP financial measure is among the ind
Slide 19: Time to take the power in your hands.
Time to take the power in your hands. www.capstonegreenenergy.com 16640 Stagg Street | Van Nuys, CA | 91406 USA “ Thank you for your time! OTCQX: CGEH OTCQX: CGEH
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