Velan Inc. · TSX:VLN
Velan — Shareholder Meeting (July 2024)
16 slides from Velan's shareholder meeting presentation, Jul 11, 2024
Slide 1: FY 2024 Annual Meeting
FY 2024 Annual Meeting July 11, 2024
Slide 2: Disclaimer
Disclaimer The following investor presentation provides an analysis of the consolidated operating results and financial position of Velan Inc. (“the Company”) for fiscal 2024 ended February 29, 2024. This investor presentation should be read in conjunction with the Company’s audited consolidated fin
Slide 3: James A. Mannebach, CEO and Chairman of the Board
James A. Mannebach CEO and Chairman of the Board 3
Slide 4: General Overview
General Overview Fiscal 2024 was a less-than-optimal year • Challenging economic environment • Disruptions from proposed company sale • Adjusted EBITDA1 of $17.8M on sales of $346.8M Highly encouraged by sequential increases in bookings1 during second half • Year-end backlog1 of $491.5M • Nearly
Slide 5: Strength of our Network
Strength of our Network Global company with headquarters in Canada • R&D centres in Canada, France, Italy, India • 12 manufacturing facilities around the world • Two distribution centres Network provides strong competitive advantages • Diverse product portfolio • Scale • Cost efficiency 5
Slide 6: Key Growth Markets
Key Growth Markets Looking to increase reach in markets with sustained differentiation NUCLEAR DEFENSE OIL & GAS LIQUEFIED NATURAL GAS • Benefitting from evolving • Longstanding experience in • Leveraging majority of NA’s • Cleanest of fossil fuels global sentiment nuclear marine and aircraft oil re
Slide 7: Focus on Cash Flow Generation
Focus on Cash Flow Generation Well-positioned to increase cash flow from operations in fiscal 2025 • Leverage global scale of business • Maximize strategic procurement • Optimize inventory management Solid financial position • Closed fiscal 2024 with a positive net cash position 7
Slide 8: Rishi Sharma, Chief Financial and Administrative Officer
Rishi Sharma Chief Financial and Administrative Officer 8
Slide 9: Financial Overview of Fiscal 2024
Financial Overview of Fiscal 2024 • Sales reached $346.8M • Gross profit attained $93.2M (26.9% of sales) • Net loss1 totaled $19.7M • Adjusted EBITDA2 amounted to $17.8M (1) Net income or loss refers to net income or loss attributable to subordinate and multiple voting shares. (2) Non-IFRS measure
Slide 10: Financial Overview of Fiscal 2024 (continued)
Financial Overview of Fiscal 2024 (continued) Year-end backlog of $491.5M • $360.7M to be delivered in the next 12 months Total bookings of $374.5M • Up $21.3M year-over-year, or 6.0% Book-to-bill ratio1 of 1.08 • Best ratio in over two years on a rolling 12-month basis 1 Non-IFRS measure – se
Slide 11: Cash Flow and Financial Position—FY 2024
Cash Flow from Operations Cash Flow and Financial (in millions of $) Position—FY 2024 Cash flow from operations of $4.3M, up from $0.5M last year $4.3 $0.5 • Higher EBITDA1 and positive changes in non- cash working capital movements FY-23 FY-24 • Partially offset by unfavourable movements in long-
Slide 12: James A. Mannebach, CEO and Chairman of the Board
James A. Mannebach CEO and Chairman of the Board 12
Slide 13: Looking Ahead to Fiscal 2025
Looking Ahead to Fiscal 2025 Strong bookings momentum in the second half of 2024 Order backlog totaled $491.5 million at year-end Expecting return to sales growth in FY 2025 13
Slide 14: Appendix
Appendix Additional Information
Slide 15: Non-IFRS and Supplementary Financial Measures
Non-IFRS and Supplementary Financial Measures Non-IFRS measures The term “Adjusted net income (loss)” is defined as net income or loss attributable to Subordinate and Multiple Voting Shares plus adjustment, net of income taxes, for costs related to the proposed transaction, restructuring, and asbest
Slide 16: Velan
VELAN www.velan.com