Slide 1: Fourth Quarter and Full-Year 2024 Conference Call Presentation
Fourth Quarter and Full-Year 2024 Conference Call Presentation March 5, 2025 Broadwind | Investor Presentation 2023 1
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This document contains “forward looking statements”—that is, statements related to future, not past, events—as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, fi
Slide 3: Performance Summary
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Slide 4: Performance Update: Fourth Quarter 2024
PERFORMANCE UPDATE Fourth Quarter 2024 Investment Business Thesis Update Building a platform for profitable growth 4Q24 Performance As of March 5, 2025 100% domestic precision manufacturing footprint remains a competitive advantage in the current operating environment, given continued focus on resho
Slide 5: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE Order momentum supports improved operating leverage entering 2025 Total Revenue Gross Profit Cost controls supported ($MM) ($MM) sustained profitability in 2024, $203.5 despite softer demand $32.5 conditions $143.1 $21.2 Revenue declined y/y in 4Q24 across all thre
Slide 6: Heavy Fabrications Segment
HEAVY FABRICATIONS SEGMENT Fourth Quarter 2024 Improved segment margin Segment Revenue Segment EBITDA ($MM) ($MM) realization due to fixed cost $29.5 $3.7 reductions and operational efficiencies $20.4 $2.6 Wind tower demand remains soft given more challenged project economics, and policy environment
Slide 7: Gearing Segment
GEARING SEGMENT Fourth Quarter 2024 Following a period of softer Segment Revenue Segment EBITDA gearing demand, order rates ($MM) ($MM) $11.1 $1.3 accelerated exiting 4Q24 $7.6 Orders increased +95% y/y due to demand for precision machining with new customers in the aeroderivative turbine and medica
Slide 8: Industrial Solutions Segment
EBITDA INDUSTRIAL SOLUTIONS SEGMENT margin rate +1146 bps y/y to Fourth Quarter 2024 15.5% Strong segment demand drove Segment Revenue Segment EBITDA ($MM) ($MM) record orders and backlog in 4Q24 $6.0 $1.0 $5.9 Orders and backlog reached record levels driven by natural gas turbine demand. Orders $0.
Slide 9: Balance Sheet Update
BALANCE SHEET UPDATE Fourth Quarter 2024 Cash and LOC Availability at Quarter-End Net Debt Outstanding Disciplined balance sheet ($MM) ($MM) management supports business $32.6 through transitional period $16.6 $22.8 Capital allocation priorities include debt $7.5 reduction, organic investments in IP
Slide 10: Full-Year 2025 Financial Guidance
FULL-YEAR 2025 FINANCIAL GUIDANCE As of March 5, 2025 Total Revenue Range Total Adjusted EBITDA Range ($MM) ($MM) Introducing Full-Year 2025 revenue and Adjusted EBITDA guidance $15 $160 Guidance supported by targeted commercial growth within high-value, $143.1 $13.3 growth-oriented fabrications mar
Slide 11: Appendix
APPENDIX
Slide 12: Corporate Overview
CORPORATE OVERVIEW Leading pure-play precision manufacturer serving diverse end-markets with 100% domestic footprint Broadwind We are one of the leading independent precision manufacturers is a precision in the United States manufacturer of Our most significant business serves the US domestic wind e
Slide 13: Our Business
OUR BUSINESS Building a platform sustained, profitable growth and long-term value creation What we do Why we win Precision manufacturing within wind sector and other diverse end-markets Unique Value Proposition 58% Proven engineering, product development Heavy We provide large complex and precision
Slide 14: Inflation Reduction Act Impact Benefit
INFLATION REDUCTION ACT IMPACT BENEFIT At full utilization, IRA could provide up to ~$30 million in incremental annual gross profit Theoretical IRA Benefit to Broadwind Quantifying potential impact of the 45x advanced manufacturing credit Annual tower production @ 100% utilization(1) 325 towers The
Slide 15: Appendix: Balance Sheet
APPENDIX Balance Sheet Broadwind | Investor Presentation 2023 15
Slide 16: Appendix: Income Statement
APPENDIX Income Statement Broadwind | Investor Presentation 2023 16
Slide 17: Appendix: Statement of Cash Flows
APPENDIX Statement of Cash Flows Broadwind | Investor Presentation 2023 17
Slide 18: GAAP to Non-GAAP Reconciliation
APPENDIX GAAP to Non-GAAP Reconciliation Industrial Solutions Segment Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 2024 2023 Net Income……………………...……...……………………………. $ 332 $ 625 $ 2,673 $ 2,504 Interest Expense……………………………………………………. 92 151 517 512 Income Tax (Benefit) Prov
Slide 19: Segment-Level Data
APPENDIX Segment-Level Data Three Months Ended Twelve Months Ended December 31, December 31, 2024 2023 2024 2023 ORDERS: Heavy Fabrications……………………………………………………………… $ 22,428 $ 9,985 $ 53,934 $ 50,594 Gearing……………………………………………………………… 7,016 3,603 26,562 24,814 Industrial Solutions……………………………………………………………
Slide 20: IR Contact
IR CONTACT Please contact our investor relations team at BWEN@val-adv.com Broadwind | Investor Presentation 2023 20