Tecogen Inc. · AMEX:TGEN
Tecogen — Investor Presentation (October 2021)
21 slides from Tecogen's investor presentation, Oct 12, 2021
Slide 1: Tecogen Investor Presentation
TECOGEN INVESTOR PRESENTATION SEPTEMBER 13, 2021 OTC: TGEN CLEAN ENERGY SOLUTIONS BENJAMIN LOCKE, CEO ABINAND RANGESH, CFO
Slide 2: 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 3: Resiliency and energy savings with a cleaner footprint
Providing resiliency and energy savings with a cleaner environmental footprint >3,000 Units Shipped
Slide 4: Energy and Resiliency, Clean Cooling, Emissions Controls
ENERGY AND RESILIENCY CLEAN COOLING Chillers with lower operating cost and lower greenhouse gas footprint compared to an equivalent electric chiller EMISSIONS CONTROLS Proprietary modular microgrids for energy savings, greenhouse gas (GHG) reductions and resiliency to grid outages Near zero NOx, CO,
Slide 5: Facts About Us
DISTRIBUTED GENERATION AND CHILLERS SHIPPED 3,000+ KWH GENERATED 1,968,913,337 FACTS ABOUT US METRIC TONS OF CO2 SAVED 97,143 PRODUCT RUN HOURS 52,156,171 5 NUMBER OF OPERATIONAL U.S. MICROGRIDS IN 2019 #3
Slide 6: Revenue Segments
REVENUE SEGMENTS We service most purchased Tecogen equipment in operation through long term maintenance agreements. We have 11 service centers in North America and perform certain equipment installation work. SERVICES CLEAN, GREEN RELIABLE POWER, COOLING AND HEAT Sales of microgrid, cogeneration, an
Slide 7: Pathway to Growth
PATHWAY TO GROWTH Commercial Introduction of Tecochill Air Cooled Chillers that incorporate Tecogen’s Proprietary Hybrid Drive technology by Q4 2022. New Tecochill AC Chiller will enable further penetration in core markets such as controlled environment agriculture and healthcare. Continued licensin
Slide 8: Expand Sales Networks to New Geographies and Markets
EXPAND SALES NETWORKS TO NEW GEOGRAPHIES AND MARKETS Continued growth of service contract revenues Expand sales networks for chiller products into high value clean cooling markets such as controlled environment agriculture and industrial refrigeration GROWTH OF CORE BUSINESS Continued sales of propr
Slide 9: First Application of Hybrid Drive: Air Cooled Chiller
FIRST APPLICATION OF HYBRID DRIVE: HYBRID DRIVE AIR COOLED CHILLER Optimize the power/grid mix for maximum greenhouse gas and energy savings. Air Cooled chillers sell in 3-4x volumes compared to water cooled typically under 500 tons. EXPAND CLEAN COOLING 9 Expands our Tecochill product line beyond W
Slide 10: Clean Cooling Market Potential
With an air-cooled offering we will be able to target opportunities from 100 tons to 1200 tons. The air cooled chiller will also provide us the capability to run on electricity or gas providing resiliency which is valued in process applications. Process cooling typically involves cooling and de-humi
Slide 11: Other Markets for Hybrid Drive
OTHER MARKETS FOR HYBRID DRIVE Air Handlers Heat Pumps Air compressors Modular Refrigeration Plants Hybrid drive can be used across a range of cooling products to create a portfolio of clean cooling solutions. Scalable expansion potential in high volume markets 11
Slide 12: Expand Microgrid Offering
EXPAND MICROGRID OFFERING CLEAN MICROGRIDS PREDICTED TO GROW AT 19% CAGR WITH A GLOBAL MARKET SIZE OF >$47BN BY 2025 1 Increased future load on the electrical grid due to EV charging and electrification Utility tariffs increasingly becoming time of day based with bonus payments for curtailment of pe
Slide 13: Clean Microgrids Enabling the Clean Energy Future
CLEAN MICROGRIDS ENABLING THE CLEAN ENERGY FUTURE 13 Tecogen proprietary microgrid technology acts as the hub to seamlessly integrate multiple DG inputs Optimize the power mix for maximum greenhouse gas and energy savings. When the utility power goes out, we continue to keep the lights on.
Slide 14: Emissions Technology
EMISSIONS TECHNOLOGY On completion, may enable faster adoption for Ultera in forklifts and non-road engines through strategic partnerships and licensing agreements. Ultera – removing barriers to adoption Catalyst materials such as Rhodium are becoming scarce. Prices of Rh have gone from $800/oz to $
Slide 15: H1 2021 Results
H1 2021 RESULTS Highlights • Net income of $0.09/share H1 2021 • Cash and equivalents balance of $3.2 million PPP forgiveness and ERC resulted in positive net income Loss from operations has improved from ($1.6m) to ($448k) between H1 20 and H1 21 Adjusted EBITDA improved from ($1.1m) to $587k betwe
Slide 16: Long Term Service Revenue
LONG TERM SERVICE REVENUE 16 RECURRING REVENUE STREAMS: 55% OF OVERALL REVENUE, >7% ANNUAL GROWTH RATE $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 R ev en u e ($ ) Service Revenue by Quarter Service contracts
Slide 17: Stronger Fundamentals Compared to Peers
STRONGER FUNDAMENTALS Bloom BE (H1 21) Tecogen TGEN (H1 21) Capstone CGRN (Q1 21) Gross Profit Margins 22% 47% 16.5% Operating Profit Margins -13.5% -3.7% -22.1% LT Debt to Equity Ratio 31.2 0.18 2.46 EPS -$0.46 $0.09 -$0.16 STRONG FUNDAMENTALS COMPARED TO PEERS
Slide 18: Why Invest in Tecogen
WHY INVEST IN TECOGEN The new products we are launching will allow us to address gaps in our product offering while offering the same competitive advantages, hence strengthening our market position. We are close to breakeven and as we replicate our sales channels and service centers to address new m
Slide 19: Leadership Team
LEADERSHIP TEAM CEO BENJAMIN LOCKE Benjamin M. Locke has been a member of the Company's board of directors since June 2018. Mr. Locke has been the Company's Co-Chief Executive Officer since 2014 and as of March 29, 2018 he became the sole Chief Executive Officer of Tecogen. Mr. Locke was the Directo
Slide 20: Leadership Team
LEADERSHIP TEAM Roger Deschenes has led accounting and finance functions in high-technology manufacturing and consumer products and distribution companies for over 30 years, including as Division Chief Financial Officer at L3 Security Detection Systems, Inc. in 2017 and 2018, and as Vice President,
Slide 21: Board Members
BOARD MEMBERS Director Earl R. Lewis III has served as Chairman of the Board and as Chief Executive Officer and President of FLIR Systems from 2000 through May 2013, and since May 2013 as Chairman of the Board and as a senior consultant to FLIR Systems. Mr. Lewis also served as Chairman of the Board