Slide 1: Plug Power
Plug Power NASDAQ: PLUG Copyright 2024, 2022, Plug Power Inc.
Slide 2: Cautionary Note on Forward Looking Statements
Cautionary Note on Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“Plug”), including but not limited to statements ab
Slide 3: 1Q 2024 Overview and Business Update
1Q 2024 Overview and Business Update Hydrogen Plant Buildout Reaching Key Milestones •Production of liquid hydrogen at Georgia and Tennessee plants in Q1 Department of Energy (DOE) Manufacturing Grants •Plug is the prime awardee on ~$79M for investment at US manufacturing sites, as well as a subcont
Slide 4: Short-Term Business Priorities
Short-Term Business Priorities Cash Management and Financing Goals • Continue to Pursue Financing Partners and Opportunities • Working Capital Management • Inventory Reduction is a Key Priority • Pricing Increases Across Product Portfolio Operational Execution Goals • Recalibrating the Material Hand
Slide 5: Strategic Priorities To Enable Growth Reacceleration
Strategic Priorities To Enable Growth Reacceleration Hydrogen Plants Electrolyzers Exploring Financing Opportunities Converting 4.5GW in BEDP to Orders Developing US and EU Plant Network Manufacturing Scale to Meet Demand Liquefaction Cryogenics Delivering on Meaningful Pipeline Growing Storage and
Slide 6: Financial Update
Financial Update Net cash used in operating activities combined with capex1 down 38% QoQ and 42% YoY • Capex1 down 47% QoQ and 45% YoY • Consolidation of operational sites and restructuring to achieve improved cost structure in coming quarters Hydrogen production and new pricing structure expected t
Slide 7: Priority Pieces Towards Profitability
Priority Pieces Towards Profitability Vertical Integration with Plug Hydrogen Network Pricing Increases Across the Material Handling Portfolio Equipment Sales Growth Increases Leverage on Fixed Manufacturing Costs Supply Chain Efficiency and Cost Downs Service Cost Improvement Roadmap Inventory and
Slide 8: Investor Relations Contacts
VP, Investor Relations Roberto Friedlander rfriedlander@plugpower.com Manager, Investor Relations Kevin O’Brien kobrien@plugpower.com Corporate Headquarters 8 British America Boulevard, Latham, New York, 12110 www.plugpower.com