Energy Recovery — Q1 2020 Earnings Presentation

4 slides from Energy Recovery's earnings presentation

Slide 1: Energy Recovery Quarterly Update Q1 2020
Energy Recovery Quarterly Update Q1 2020 NASDAQ: ERII
Slide 2: First Quarter Highlights
FIRST QUARTER HIGHLIGHTS Highest Revenue Generating First Quarter in Company History o Total 1Q20 revenue of $21.5M, 9% year-over-year (YoY) increase o Water revenue of $19M, 19% YoY increase VorTeq – Oversupplied Oil Market Postponed Live Well Frac o 2Q20 Focus: perform and document Milestone One (
Slide 3: Q1 2020 Financial Update Summary
Q1 2020 FINANCIAL UPDATE SUMMARY Strong Q1 Results Driven by Water Revenue o 9% Revenue growth year-over-year driven $22M by 19% growth in water segment o Healthy Balance Sheet - Liquidity remains $20M strong ▪ Net cash (and securities) position in excess of $93M Q1'19 Q1'20 Gross Margin Increased D
Slide 4: COVID-19 Update – Rising to the Challenge
COVID-19 UPDATE – RISING TO THE CHALLENGE Shelter-in-Place Response – Protecting Lives o After two-week production suspension, San Leandro manufacturing facility operating in full accordance with federal, state and local guidance ▪ Smaller, staggered shifts, to ensure social distancing ▪ Health moni