Pioneer Power Solutions, Inc. · NASDAQ:PPSI
Pioneer Power Solutions — Investor Presentation (September 2022)
20 slides from Pioneer Power Solutions's investor presentation, September 2022
Slide 1: Pioneer Power Solutions, Inc. Investor Presentation September 2022
Pioneer Power Solutions, Inc. Nasdaq: PPSI Investor Presentation September 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predict
Slide 3: Investor Highlights
Investor Highlights Pioneer Power is a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, and mobile EV charging solutions New solutions targeting the EV market and need for energy resilience Diversified, blue-chip customer base • Lo
Slide 4: Pioneer Power: At-a-Glance
Pioneer Power: At-a-Glance A diversified manufacturer of highly customized electrical equipment focused on the EV charging market Decades of experience and a stable platform from which to build and grow Critical Power Solutions (Pioneer Power Mobility) 1H 2022 Revenue $10.3 Million Focused on mobile
Slide 5: EV Sales Outpacing Charging Infrastructure
EV Sales Outpacing Charging Infrastructure Large and growing opportunity EV charging infrastructure not keeping up with EV unit sales In millions 22.1 16.1 11.3 6.1 2.9 1.3 2020 2025 2030 EV Sales EV Chargers https://www.iea.org/articles/global-ev-data-explorer Nasdaq: PPSI 5
Slide 6: EV Market Demand
EV Market Demand Tailwinds intensifying demand for alternative charging solutions Governmental funding for EV Across the globe, governments spent US$14B on direct purchase incentives and tax deductions for electric cars in 2020, a 25% increase y/y and more programs are being proposed.1 Increasing in
Slide 7: e-Boost: Anytime, Anywhere Charging
e-Boost: Anytime, Anywhere Charging EV charging at the edge Devised, developed, and introduced in 2H 2021; First two orders in 1H 2022 • MOBILITY: EV Charging, Wherever & Whenever • POWER UP: Always available Back-up Power or On-Demand production • GRID RESILIENCE: off-grid & on, at all times • SUST
Slide 8: e-Boost Use Cases
e-Boost Use Cases Sporting Events Trade shows Emergency Concerts Grid-locked areas Military electrical eVTOL Vertical New Markets in 2023 & onwards: (“air taxis”) Take Off & Nasdaq: PPSI Landing 8
Slide 9: Suite of e-Boost Solutions
Suite of e-Boost Solutions e-Boost Mini e-Boost G.O.A.T. e-Boost Mobile e-Boost Pod • Skid mounted • Complete mobility • Necessary mobility • As-required mobility • 30 KW – 100 KW • Truck mounted • Trailer mounted • Pod-enclosed EV • DCFC or Level 2 • 50 KW – 180 KW • 50 KW – 180 KW charging • DCFC
Slide 10: Rapid Evolution
Rapid Evolution Dreamed, defined, developed, and deployed in ~nine months First Order January 2022 Launched November 2021 • Significant demand Pipeline grew rapidly Ramping quickly to meet demand First Prototype: Early-mover advantage November 2021 • 2022 is a year of investment Sales Mark
Slide 11: Energy Sustainability No Longer Optional
Energy Sustainability No Longer Optional Grid independence is key to business resiliency • Grid interruptions represent significant business risks California intermittent brown-outs Prolonged Texas cold-weather grid failure • Businesses need to control their energy Access Price Source Ca
Slide 12: E-Bloc: Our Grid-on-a-Skid
E-Bloc: Our “Grid-on-a-Skid” Leveraging expertise to enable distributed generation and energy resilience Introduced E-Bloc in 2021 to address distributed generation opportunities and rapidly growing demand for EV infrastructure • Rapid installation and deployment o Minimal construction required o Mi
Slide 13: Historical Customers
Historical Customers Diversified customer base with strong retention rates Utilities Industrial Commercial & OEM EPC and Distributors Nasdaq: PPSI 13
Slide 14: Numerous applications for EV charging exist today
New, Future Customers Numerous applications for EV charging exist TODAY The opportunity is massive with a Total Addressable Market into the BILLIONS $$ 260K spots Logistics 188K spots Corporate Parks 2M spots Luxury Apartments >50 spots per Retailers store ~11M spots Arenas Nasdaq: PPSI Based on int
Slide 15: Significant opportunity with just one retailer
$12M Order Significant opportunity with just one retailer • One of the world’s largest mass merchandisers to fully equip 62 stores with E-Bloc Retailer has ~5,000 stores in the US • Customer ultimately expects to equip approximately 500 of its stores with E-Bloc • Provides flexibility to combine a w
Slide 16: New Launches Adding to Backlog
New Launches Adding to Backlog $12M E-Bloc First two Order e-Boost $ in millions at quarter end Orders $25.2 $24.0 e-Boost $22.8 E-Bloc launched launched $17.1 $12.7 $10.9 Q1'2021 Q2'2021 Q3'2021 Q4'2021 Q1'2022 Q2'2022 Nasdaq: PPSI 16
Slide 17: Strong Cash Position
Strong Cash Position Sufficient cash and zero debt • Solid cash position $ in millions 6/30/2022 $9.8M of cash (approx. $1.02/share) No debt Cash $9.8 • $6.2M2 in incremental cash due to Notes receivable1 $6.0 Pioneer by year-end Total debt $0.0 Promissory notes tied to sale of the transformer
Slide 18: Executive Team
Executive Team Nathan J. Mazurek, Chairman & CEO • Over 25 years of experience in the electrical equipment and components industry • Running Pioneer and Pioneer transformer since 1995 • From 1999 through 2017, Mr. Mazurek served as director of Empire Resources, Inc., a distributor of semi- finished
Slide 19: Investor Highlights
Investor Highlights Pioneer Power is a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, and mobile EV charging solutions New solutions targeting the EV market and need for energy resilience Diversified, blue-chip customer base • Lo
Slide 20: Contacts
Contacts Corporate Headquarters: Investor Relations: Pioneer Power Solutions, Inc. Brett Maas, Managing Partner 400 Kelby Street, 12th Floor Hayden IR, LLC Fort Lee, NJ 07024 646.536.7331 212.867.0700 brett@haydenir.com www.pioneerpowersolutions.com www.haydenir.com Nasdaq: PPSI 20
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