Arq, Inc. · NASDAQ:ARQ
Arq — Advanced Emissions Solutions — FY2022 Earnings Presentation
13 slides from Arq's earnings presentation, Mar 9, 2023
Slide 1: Fourth Quarter & Full Year 2022 Results Call
Advanced Emissions Solutions, Inc. Fourth Quarter & Full Year 2022 Results Call March 9, 2023 Nasdaq: ADES
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a “safe harbor” for such statements in certain circumstances. When used in this presentation, the words “can,” “will,” “intends,” “expects,” “beli
Slide 3: Fourth Quarter Highlights
Fourth Quarter Highlights Capital Allocation & Consolidated Results Outlook Balance Sheet Consumables revenue was $23.4M Cash, including restricted cash, of Expect continued top-line strength compared to $23.2M in 2021 $76.4M at year-end compared to supported by product mix and higher Consumables gr
Slide 4: Financial Review
Financial Review ($ millions) Consumables Revenue Net Income (Loss) Adjusted EBITDA(1) Cash & Equivalents $103.0 $84.9 $60.4 $10.0 $85.9 $10.0 $5.8 $78.8 $9.1 $66.4 $23.4 $23.3 $1.3 ($3.2) ($8.9) ($1.2) December 31, December 31, Q4 Q4 FY FY Q4 Q4 FY FY Q4 Q4 FY FY 2022 2021 2022 2021 2022 2021 2022
Slide 5: Synergistic Acquisition Overview
Synergistic Acquisition Overview Consolidated • Vertically integrated carbon products • Top 3 US Activated Carbon (“AC”) • Environmental technology company business with strong existing Business Producer with strong existing producing carbon products and customer base and patent protected customer b
Slide 6: 2023 Outlook & Key Milestones
2023 Outlook & Key Milestones Key Actions 2023 for 2023: Financial Outlook ▪ Maintain high renewal rates with existing PAC customers $106 ▪ Continue to align contracts with market conditions to increase ASP million ▪ Integration of Arq team and assets ▪ Capital program to upgrade infrastructure will
Slide 7: Appendix
Advanced Emissions Solutions, Inc. Appendix
Slide 8: A: 10-K Balance Sheet
Appendix A: 10-K Balance Sheet(1) (1) See audited Consolidated Financial Statements and Notes related thereto within the Annual Report on Form 10 -K for the period ended December 31, 2022. 8
Slide 9: B: 10-K Income Statement
Appendix B: 10-K Income Statement(1) (1) See audited Consolidated Financial Statements and Notes related thereto within the Annual Report on Form 10 -K for the period ended December 31, 2022. 9
Slide 10: C: 10-K Cash Flow
Appendix C: 10-K Cash Flow(1) (1) See audited Consolidated Financial Statements and Notes related thereto within the Annual Report on Form 10 -K for the period ended December 31, 2022. 10
Slide 11: C: 10-K Cash Flow (continued)
Appendix C: 10-K Cash Flow (continued)(1) (1) See audited Condensed Consolidated Financial Statements and Notes related thereto within the Annual Report on Form 10-K for the period ended December 31, 2022. 11
Slide 12: D: Non-GAAP Financial Measure & Consolidated Adjusted EBITDA Reconciliation
Appendix D: Non-GAAP Financial Measure & Consolidated Adjusted EBITDA Reconciliation to Net (Loss) Income Note on Non-GAAP Financial Measures To supplement our financial information presented in accordance with accounting principles generally accepted in the United States ("GAAP"), the Company provi
Slide 13: E: Adjusted EBITDA Reconciliation to Net (Loss) Income
Appendix E: Adjusted EBITDA Reconciliation to Net (Loss) Income 13
Advanced Emissions Solutions — FY2022 Earnings Presentation on 6ix