Westport Fuel Systems, Inc. · NASDAQ:WPRT
Westport Fuel Systems — Shareholder Meeting (April 2020)
8 slides from Westport Fuel Systems's shareholder meeting presentation, Apr 29, 2020
Slide 1: Annual General and Special Meeting
Annual General and Special Meeting David M. Johnson April 29, 2020
Slide 2: 2019 Corporate Highlights: Revenue
2019 Corporate Highlights: Revenue • Transportation revenue grew to $305M • Up 13% over 2018 • Up 33% over 2017 ($ in millions) • Revenue growth mainly due to HPDI volume ramp in Europe Balanced business with market-ready solutions and customers in 70 countries PAGE PAGE 2 Nasdaq:WPRT / TSX:WPRT
Slide 3: 2019 Corporate Highlights: Net Income From Continuing Operations
2019 Corporate Highlights: Net Income From Continuing Operations • $41M improvement from 2018 2017 Net Income 2018 Net Income 2019 Net Income • $62M improvement ($62.9M) ($40.8M) $0.2M from 2017 4.9 ($ in millions) 0.6 • Two quarters of (2.3) (3.0) positive net income (5.7) from continuing (10.4) op
Slide 4: EBITDA and Adjusted EBITDA 2017-2019
2019 Corporate Highlights: • First full year of EBITDA and Adjusted EBITDA positive EBITDA • Seventh consecutive EBITDA Adjusted EBITDA quarter of positive 2017-2019 2017-2019 adjusted EBITDA 15 11.7 15 9.4 8.5 7.3 8.1 ($ in millions) 10 10 5.4 5.3 4.2 5 4.3 3 4 3.6 5 5 0.2 0.2 • Positive EBITDA of
Slide 5: Navigating COVID-19 - Financial Commentary
Navigating COVID-19 - Financial Commentary We are taking measures to gather and protect liquidity to weather the storm and ensure we have sufficient working capital to fund operations, service our debts, and emerge strongly after the crisis. Gathering and Secured agreement from EDC to defer 2020 p
Slide 6: Macro Trends Driving Rapid Change
Macro Trends Driving Rapid Change Stringent Regulatory Cost Competitive and Refuelling Renewable Gas for Sustainability Leadership Frameworks Market-Ready Infrastructure Build-Out Transport at Scale and Differentiation • EU HD CO2 • Lower total cost of • Europe • The “ready now” • Production solutio
Slide 7: 2020 Strategic Objectives
2020 Strategic Objectives 1. The successful commercial launch of Westport HPDI 2.0™ in China. 2. Material and structural cost reductions to improve margins and cash flow. 3. New light-duty and heavy-duty OEMs in key market geographies. 4. Profitable growth of our light-duty product sales through aft
Slide 8: Thank You
Thank You... Westport
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