Anaergia, Inc. · TSX:ANRG
Anaergia — Q1 2022 Earnings Presentation
15 slides from Anaergia's earnings presentation, May 12, 2022
Slide 1: Anaergia Inc. Q1 2022 Results Investor Conference Call
Anaergia Inc. Q1 2022 Results Investor Conference Call May 12, 2022 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 November 11, 2021 (collectively, this "presentation") are “forward-looking information” within the meaning of applicable Canadi
Slide 3: Participating in Today's Call
Participating in Today’s Call 3
Slide 4: Key Highlights
Key Highlights YOY Performance Easy Energia and SoCal (C$ millions) $60M Biomethane BOO EMEA Growth Gross proceeds from a bought deal Facilities Commissioned Growth in EMEA continued with a Revenue Backlog offering completed in April 2022. 60% increase in revenue in the Six Italian BOOs expected to
Slide 5: Revenue Backlog and Market Opportunities
Revenue Backlog and Market Opportunities • European gas commodity pricing remains extremely high, trading at over 30 USD/MMBTU Q1 2022 CLOSING REVENUE CONTINUED REVENUE • D3 RIN pricing remains strong and steady. LCFS BACKLOG1 B A C K LO G 1 G R O W T H ( C $ m i l l i o n s ) pricing has decreased
Slide 6: Financial Summary
Financial Summary Q1 2021 Revenue By Geography 3% Q1 Q1 NA (Millions CAD) Change 29% 2022 2021 EMEA APAC Revenue 40.0 37.6 6% 68% Gross Profit 9.7 10.0 Gross Margin 24% 27% • Revenue grew 6% relative to Q1 2021, with 86% of revenues in the quarter coming from capital sales, Net SG&A 8.6 7.3 and Serv
Slide 7: Capital Management and Liquidity
Capital Management and Liquidity • Cash, cash equivalents, and current restricted cash as of March 31, 2022 of $76.7 M, down by $25 M from $101.6 M at the end of December 31, 2021. Non-current restricted cash of $14 M. • Cash used in investing activities (primarily in European BOO assets) during Q1
Slide 8: Business Development – Our Segments
Business Development – Our Segments As more BOO facilities become operational, the revenue make-up will shift towards the high-margin, recurring BOO revenue generated from tipping fees and RNG offtake sales. Capital Sales Proprietary Anaergia Waste-to-Energy • Sales of proprietary technology solutio
Slide 9: Capital Sales
Capital Sales CAD Million Q1 2022 Q1 2021 Change Capital Sales Revenues $34.3 $35.2 (3%) Slight Decrease in Capital Sales • Decrease in revenue from the same quarter last year primarily due to delays in execution of US projects resulting from global supply chain issues and delays in new project sign
Slide 10: Services and BOO
Services and BOO CAD Million Q1 2022 Q1 2021 Change Services $3.6 $1.6 126% BOO $2.1 $0.7 185% Continued Service Revenue Growth • Service revenue grew by over 125% compared to Q1 2021 • This increase was driven mainly by the start of a significant O&M contract in Canada • Other service contracts alr
Slide 11: Easy Energia (Italy)
Easy Energia (Italy) Anaergia’s first European BOO facility was commissioned in Italy in April 2022 ~140,000 MMBTU/YR of RNG 35,000 Tonnes/YR of Waste Diverted C$38M Consolidated Capex C$8M Expected Run-Rate EBITDA1, 2 (1) "Run-Rate EBITDA" is a non-IFRS measure. Please refer to "Non-IFRS Measures"
Slide 12: BOO Overview
BOO Overview No. of Annual RNG Output1 Original Run-Rate Expected Run-Rate Status Consolidated CAPEX2 Projects (MMBTU) EBITDA3,6 EBITDA3, 4 BOO Revenue Operating5, 4 1,389,000 ~$262 M ~$70 M ~$70 M Backlog PROJECTS BACKLOG In Execution5 9 2,850,000 ~$420 M ~$69 M ~$107 M Current $4.4B Contracted At
Slide 13: Key Takeaways
Key Takeaways While Q1 was expected to be slow, revenues are expected to accelerate in each of the following quarters. The overall business fundamentals remain strong, and the business has seen healthy growth as evidenced by a 69% YOY increase in Revenue Backlog. Despite some delays in project sig
Slide 14: Q&A
Q&A 14
Slide 15: Thank you for attending.
Thank you for attending. 15