Anaergia, Inc. · TSX:ANRG
Anaergia — Q2 2023 Earnings Presentation
10 slides from Anaergia's earnings presentation, Aug 15, 2023
Slide 1: Anaergia Reports Second Quarter 2023 Financial Results - Investor Conference Call
Anaergia Inc. Anaergia Reports Second Quarter 2023 Financial Results - Investor Conference Call August 15, 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 15, 2023 (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 Brett Hodson Dr. Yaniv Scherson Andrew Spence Chief Executive Officer Chief Operating Officer Chief Financial Officer 3
Slide 4: Summary
Summary • Challenging time for the Company • Q2 Financials Statements and MD&A have been released • A few of the significant items include: o Rialto in Chapter 11 o Loss on certain loans o Strategic Shift and Business Reset • Strategic Review was initiated on approval from the Board of Directors of
Slide 5: Q2 Financial Overview
Q2 Financial Overview 1. Key Disclosures • Substantial doubt about the Company’s ability to continue as a going concern • Possible implication of lender option relating to the AIP loan for BOO projects in Italy that allows the lender to require Anaergia to purchase outstanding loans relating to BOO
Slide 6: Q2 Financial Results
Q2 Financial Results • Revenue was in line with the same periods in 2022 • The decrease in gross profit of $4.1 M between Q2 (CAD millions) Q2 2023 Q2 2022 YTD YTD 2023 and Q2 2022 was due to a combination of 2023 2022 project cost overruns and certain non-recurring items. Revenues 42.5 42.3 79.1 77
Slide 7: RBF Chapter 11 and Deconsolidation
RBF Chapter 11 and Deconsolidation • Rialto Bioenergy Facility, LLC (the “RBF”) voluntarily entered Chapter 11 while the California state continues to implement and enforce feedstock laws and regulations. • As part of the restructuring process, a key milestone is the outcome of the court proceedings
Slide 8: Strategic Shift & Business Reset
Strategic Shift & Business Reset 1. Strategic Shift to a Capital-Light Business Model 2. Margin Improvement 3. SG&A Reduction 4. Prudent Cash Management and Conservation 8
Slide 9: Q&A
Q&A 9
Slide 10: Thank you for attending
Thank you for attending 10