Slide 1: Q2 2024 Earnings Call, August 8, 2024
OTCQX: TGEN EARNINGS CALL AUGUST 8, 2024 Q2 2024 1
Slide 2: Management
MANAGEMENT Abinand Rangesh – CEO Robert Panora – COO & President Roger Deschenes – CAO 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 Data Center Solutions 2Q 2024 Results Summary Q&A 4
Slide 5: Data Centers – Chiller Solution
DATA CENTERS – CHILLER SOLUTION 2000 tons of cooling per data center 5 to 6 chillers in a container Plug and Play Power constraints Frees up 30% or more of a data center’s power needs Modular for easy future expansion Lead time Solution can be deployed within 6 months Water usage Can minimize water
Slide 6: Data Centers – Power Gen
DATA CENTERS – POWER GEN Up to 2MW Inverde per data center Plug and Play Modular for easy future expansion Quiet Ultra clean emissions Power constraints Bridges utility power Can operate off-grid or in parallel with grid Lead time Solution can be deployed within 12 months Avoids expensive and long l
Slide 7: Backlog and Cash
BACKLOG AND CASH Backlog by Customer Type Backlog is presently $6m Hotel 14% Additional $7m of projects expected to close in 1 to 3 months Other 37% Cash position $841k at quarter end and $1.1m presently Cashflow positive from operations in H1, $598k investments in property plant and equipment Contr
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 2024 Results
2Q 2024 RESULTS $ in thousands 2Q'24 2Q'23 QoQ Change % Revenues Key Points Products $ 120 $ 2,446 $ (2,326) • Revenue = $4.7m down 30% due to factory Services 4,127 3,953 174 move Energy Production 482 350 131 Total Revenue 4,728 6,749 (2,021) -29.9% • Net loss of $0.06/share Gross Profit • Net los
Slide 10: 2Q 2024 Adjusted EBITDA Reconciliation
2Q 2024 ADJUSTED EBITDA RECONCILIATION EBITDA: Earnings Before Interest, Taxes, Quarter Ended, June 30 Depreciation & Amortization Non-GAAP financial disclosure (in thousands) 2024 2023 • EBITDA and adjusted EBITDA loss was $1.4m Net loss attributable to Tecogen Inc. (1,539) $ (780) and $1.3m respec
Slide 11: 2Q 24 Performance by Segment
2Q 24 PERFORMANCE BY SEGMENT QoQ Change 2Q Revenues ($ thousands) 2024 2023 % Revenues Product revenue close to zero due to factory Cogeneration $ 120 $ 428 -72% move Chiller - 1,688 -100% Warranty costs and unabsorbed labor Engineered accessories - 330 -100% caused negative margin Total Product Rev
Slide 12: Summary and Q&A
SUMMARY AND Q&A Company Information Factory Move Back to production in Q3 Tecogen, Inc 76 Treble Cove Road, Building 1 Service – Foundation of the business North Billerica, MA 01862 Price increases to restore margin www.Tecogen.com Continue to add units to the fleet Product Sales Contact information