Slide 1: Q2 2022 Earnings Call
OTCQX: TGEN Q2 2022 EARNINGS CALL AUGUST 11, 2022 1
Slide 2: Management
MANAGEMENT Benjamin Locke - CEO Abinand Rangesh – CFO & Treasurer Jack Whiting – General Counsel & Secretary 2
Slide 3: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and accompanying documents contain “forward-looking statements” which may describe strategies, goals, outlooks or other non- historical matters, or projected revenues, Income, returns or other financial measures, that may include words such as "believe," "expe
Slide 4: Agenda
AGENDA Tecogen Overview 2Q 2022 Results Earnings Takeaways Market Update Q&A 4
Slide 5: Providing resiliency and energy savings with a cleaner environmental footprint
Units Shipped Providing resiliency and energy savings with a cleaner environmental footprint 5
Slide 6: Distributed Generation Emissions and Clean Cooling
DISTRIBUTED EMISSIONS GENERATION Near zero NOx and CO 3 rd in number of emissions systems for microgrids installed in gasoline, propane and North America natural gas engines CLEAN COOLING Chillers with lower operating cost and lower greenhouse gas footprint compared to an equivalent electric chiller
Slide 7: Facts About Us
FACTS ABOUT US 200,000+ 3,000+ 2.1M+ 52M+ METRIC TONS OF CO2 DISTRIBUTED KWH GENERATED PRODUCT RUN SAVED GENERATION AND HOURS CHILLERS SHIPPED 7
Slide 8: Revenue Segments
REVENUE SEGMENTS PRODUCT SALES SERVICES Sales of combined heat and We service most purchased power, and clean cooling Tecogen equipment in operation systems to building owners. through long term maintenance Key market segments include agreements through 11 service multifamily residential, health CLE
Slide 9: 2Q 2022 Results
2Q 2022 RESULTS $ in thousands 2Q' 22 2Q' 21 Change % Revenue Highlights Products $ 3,010 $ 2,446 $ 564 • Net loss of $-0.03/share Q2 2022 Service 3,050 3,328 (278) Energy Production 354 371 (17) • Net loss $-856k Total Revenue 6,415 6,145 269 4.4% • Cash and equivalents balance of $2.8 million Gros
Slide 10: 2Q 2022 Adjusted EBITDA Reconciliation
2Q 2022 ADJUSTED EBITDA RECONCILIATION Quarter Ended, June 30 EBITDA: Earnings Before Interest, Taxes, Non-GAAP financial disclosure (in thousands) 2022 2021 Depreciation & Amortization Net income (loss) attributable to Tecogen Inc. $ (856) $ 400 EBITDA and adjusted EBITDA were a loss of Interest ex
Slide 11: 2Q 22 Performance by Segment
2Q 22 PERFORMANCE BY SEGMENT 2Q 2022 Revenues ($ thousands) 2Q' 2022 2Q' 2021 Change % Revenues Cogeneration $ 954 $ 1,050 -9% Product Revenue increased 23% QoQ Chiller 1,738 1,089 60% Engineered accessories 318 307 4% • 60% gain in chiller revenues Total Product Revenues 3,010 2,446 23% Service Con
Slide 12: 2Q'22 Earnings Takeaways
2Q’ 22 EARNINGS TAKEAWAYS Business Segments Adapting To Supply Chain Challenges • 2Q Product Revenue $3 mm – 23% increase vs. 2Q-21 Backlog by Customer Type Healthcare • Price increases to address higher manufacturing costs 1% Multi-Family Residential • 2Q ending backlog of $10.7 million. Current ba
Slide 13: Pathway to Growth
PATHWAY TO GROWTH New Business Unit Established Focused on Controlled Environment Agriculture (CEA) markets Clean Microgrids using CHP in combination with other energy technologies including solar and battery Tecochill Hybrid Drive Air-Cooled Chiller to be launched at AHR in Feb 2023. This addresses
Slide 14: Q&A, Company and Contact Information
Q&A Company Information Tecogen, Inc 45 First Ave Waltham, MA 02451 www.Tecogen.com Contact information Benjamin Locke, CEO 781.466.6402 Benjamin.Locke@Tecogen.com 14