Broadwind, Inc. · NASDAQ:BWEN
Broadwind — Broadwind Energy — Q4 2010 Earnings Presentation
9 slides from Broadwind's earnings presentation, Mar 15, 2011
Slide 1: Investor Teleconference: 4Q10 and year-end 2010 results
Investor Teleconference March 15, 2011 4Q10 and year-end 2010 results
Slide 2: Industry Data and Forward-Looking Statements
2 Industry Data and Forward-Looking Statements Broadwind obtained the industry and market data used throughout this presentation from its own research, internal surveys and studies conducted by third parties, independent industry associations or general publications and other publicly available info
Slide 3: Order and Backlog Trend
Order and Backlog Trend 3 Backlog Q4 Orders $20 million $64 million
Slide 4: Broadwind Towers Fourth Quarter 2010
Broadwind Towers Fourth Quarter 2010 Record monthly production at Manitowoc ISO Certification 2010 Market Share doubles to 10% Writedown of Brandon Facility – $13 million ($ in Millions) Q4 YEAR 2010 2009 2010 2009 Megawatts 284 120 554 541 Revenue - $ 30.3 17.2 76.2 93.3 Op Income - $ (9.3) (1.9) (
Slide 5: Broadwind Brad Foote Gearing Fourth Quarter 2010
Broadwind Brad Foote Gearing Fourth Quarter 2010 Sales up 43% from prior year Improved operations – lower scrap and warranty expense High growth oil and gas and mining markets ($ in Millions) Q4 YEAR 2010 2009 2010 2009 Megawatts Wind 207 107 883 729 Revenue - $ 13.9 9.7 49.0 64.5 Op Income - $ (2.2
Slide 6: Broadwind Services Fourth Quarter 2010
Broadwind Services Fourth Quarter 2010 Completed $7 million drivetrain service investment Expanded tech service customer base Impairment of investment - $23 million ($ in Millions) Q4 YEAR 2010 2009 2010 2009 Revenue - $ 3.5 5.4 12.1 27.6 Op Income - $ (23.7) (1.2) (34.7) (0.6) Adj EBITDA - $ (0.4)
Slide 7: Operating Working Capital
Operating Working Capital 7 12/31/10 12/31/09 Accounts Receivable, net 21,427 21,487 Inventories, net 17,739 8,825 Accounts Payable (22,342) (14,499) Customer Deposits (8,881) (10,199) Operating Working Capital 7,943 5,614 -% Q4 Revenue Annualized 4.2% 4.4%
Slide 8: Liquidity
Liquidity 8 12/31/10 12/31/09* Lines of credit, notes payable 140 10,717 Long term debt 11,108 24,799 Capital leases 2,768 4,416 Debt and Capital Lease 14,016 39,932 Cash and Equivalents 15,501 6,839 Net Debt (1,485) 33,093 Memo: Available line of credit 10,000 1,402 * Not restated for Badger divest
Slide 9: Eight Quarter Sales & EBITDA Trend
Eight Quarter Sales & EBITDA Trend 9 Revenue Adj EBITDA