Slide 1: Q3 2024 Earnings Call
OTCQX: TGEN EARNINGS CALL NOVEMBER 14, 2024 Q3 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 Business Update Data Center Strategy 3Q 2024 Results Summary Q&A 4
Slide 5: Business Update
BUSINESS UPDATE Present backlog >$10m Expect to ramp up manufacturing, Expect sequential improvements in quarterly revenue Expect to close first data center project by early 2025 5
Slide 6: Data Center Strategy
DATA CENTER STRATEGY Data Center Macro Trends Power hungry chips = Increasing cooling loads (>30% of data center power) Liquid cooled chips rolling out next year Existing data centers will switch to AI If data centers switch cooling from electrical chillers to natural gas Tecochill They immediately
Slide 7: Backlog and Cash
BACKLOG AND CASH Backlog by Customer Type Backlog is presently $10.8m Residential 7% Includes order for prepaid $2m, 10-year extended warranty Controlled Environment Additional $2m of projects expected to close by end of year Agriculture 13% Cash position $1.2m at quarter end and $1.1m presently Off
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: 3Q 2024 Results
3Q 2024 RESULTS $ in thousands 3Q'24 3Q'23 QoQ Change % Key Points Revenues • Revenue = $5.63m, just below guidance of Products $ 1,391 $ 2,939 $ (1,548) $5.7m to $6.2m Services 3,850 3,843 7 Energy Production 389 331 58 • Limited working capital constrained product Total Revenue 5,630 7,113 (1,483)
Slide 10: 3Q 2024 Adjusted EBITDA Reconciliation
3Q 2024 ADJUSTED EBITDA RECONCILIATION EBITDA: Earnings Before Interest, Taxes, Quarter Ended, September 30 Depreciation & Amortization Non-GAAP financial disclosure (in thousands) 2024 2023 • EBITDA and adjusted EBITDA loss was Net loss attributable to Tecogen Inc. $ (930) $ (482) $769k and $746k r
Slide 11: 3Q 24 Performance by Segment
3Q 24 PERFORMANCE BY SEGMENT QoQ Change 3Q Revenues ($ thousands) 2024 2023 % Production restarted after factory move Revenues Cogeneration $ 1,294 $ 899 44% Chiller 38 1,935 -98% Service revenue flat QoQ Engineered accessories 59 105 -64% Total Product Revenues 1,391 2,939 -53% Energy Production re
Slide 12: Summary and Q&A
SUMMARY AND Q&A Company Information Close projects in development by year end Tecogen, Inc Expect to ramp up manufacturing, 76 Treble Cove Road, Building 1 North Billerica, MA 01862 Expect sequential improvements in quarterly www.Tecogen.com revenue Contact information Expect to close first data cen