Babcock & Wilcox Enterprises, Inc. · NYSE:BW

Babcock & Wilcox Enterprises — Q4 2024 Earnings Presentation

29 slides from Babcock & Wilcox Enterprises's earnings presentation, Mar 31, 2025

Slide 2: Safe Harbor Statement
Need to update SAFE HARBOR STATEMENT Babcock & Wilcox Enterprises, Inc. (“B&W Enterprises” or “B&W”) cautions that this presentation contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical or current fact included in this
Slide 3: We're a Global Energy Leader Creating a Brighter Future
WE’RE A GLOBAL ENERGY LEADER CREATING A BRIGHTER FUTURE Providing high quality and innovative technologies since 1867  From our first patent for a more efficient boiler to more than 17,000 patents since, we continue to drive innovation and change  Today, we are a globally recognized technology le
Slide 4: We're Helping Customers Create Clean and Reliable Energy
WE’RE HELPING CUSTOMERS CREATE CLEAN AND RELIABLE ENERGY CREATING RELIABLE AND EFFICIENT REDUCING THE IMPACT OF SUPPORTING A CIRCULAR ECONOMY STEAM GENERATION GREENHOUSE GAS EMISSIONS Providing ecologically sound ways of using and Providing boilers and related equipment, Providing hydrogen productio
Slide 5: The Foundation of Our Company
THE FOUNDATION OF OUR COMPANY VISION: MISSION: CORE VALUES: Advancing energy and environmental B&W delivers environmentally conscious, technology- Safety • Integrity solutions that bring power and driven solutions and services to energy and industrial Quality • Respect • Agility progress to our worl
Slide 6: We're Strengthening Our Business to Achieve Profitable Growth
WE’RE STRENGTHENING OUR BUSINESS TO ACHIEVE PROFITABLE GROWTH  Increase focus on large thermal-growth projects and higher-margin aftermarket parts and services and continue to expand geographical presence in support of these markets  Leverage our advanced thermal technologies to support fuel switc
Slide 7: We're Leveraging a Vast Installed Base and Proven Technologies
WE'RE LEVERAGING A VAST INSTALLED BASE AND PROVEN TECHNOLOGIES Ensuring energy security Driving decarbonization Supporting sustainable power  More than 300 operating utility and  Large worldwide installed base of  More than 500 waste-to-energy industrial boiler units in the U.S. and wet and dry s
Slide 8: Babcock & Wilcox Profile
NORTH BABCOCK & WILCOX PROFILE AMERICA ASIA EUROPE ME/A OTHER Other Other Natural Gas Biomass/WtE Pulp & Paper Natural Gas 28% 1%  Headquarters: Akron OH, USA  Employees: ~2,000 16% 3% Other 2% 1% Other Other Coal 21%  Founded: 1867 ~$717.3M 4% 6%  LTM Revenue 52% END MARKET  Ownership: Public
Slide 9: A Solid Pipeline of Global Opportunities
3-YEAR PIPELINE A SOLID PIPELINE OF GLOBAL OPPORTUNITIES $1,521 B&W THERMAL Total Total anticipated pipeline of more than $7.6 billion over the next three years with over $12 billion in opportunities $1.8B $ MILLIONS $110 $42 $165 Americas APAC Europe ME/A B&W ENVIRONMENTAL Total 2025-2027 $1,151 $2
Slide 10: Leadership Team
LEADERSHIP TEAM Chairman and Chief Executive Officer Kenneth Young Executive Vice Executive Vice Executive Vice President, Chief Technology President and Chief President and Chief General Counsel and Officer Financial Officer Commercial Officer Corporate Secretary Brandy Johnson Cameron Frymyer Jimm
Slide 11: Corporate Governance
CORPORATE GOVERNANCE BOARD OF DIRECTORS Chairman and Chief Executive Officer Kenneth Young Henry Bartoli Rebecca Stahl Joseph Tato Alan Howe Philip Moeller Naomi Boness BABCOCK & WILCOX ENTERPRISES, INC. 11 © 2025 Babcock & Wilcox Enterprises, Inc. All rights reserved.
Slide 13: Consolidated Financial Summary - Continuing Operations
CONSOLIDATED FINANCIAL SUMMARY - CONTINUING OPERATIONS Year Ended Year Ended December 31, 2024 December 31, 2023 ($ in millions) Revenue $ 717.3 $ 727.3 Gross margin $ 177.0 $ 176.7 Selling, general and administrative expenses $ 141.5 $ 150.1 Operating income $ 25.1 $ 16.6 Note: Figures may not be c
Slide 14: Capital Structure
CAPITAL STRUCTURE ($ in millions) As of December 31, 2024 CAPITALIZATION: Total Debt1 $ 464.6 Senior Notes $ 340.2 Revolving Credit Line $ 35.1 Letter of Credit Collateral* $ 89.3 Cash, cash equivalents and restricted cash $ 127.6 Net Debt $ 337.0 Note: Figures may not be clerically accurate due to
Slide 16: Key Technologies: Steam Generation
KEY TECHNOLOGIES: STEAM GENERATION Utility Boilers Waste-to-Energy Boilers High pressure, high efficiency, high capacity, Reduces dependency on landfills and reduces low emissions methane gas emissions Fuel: Coal, oil, natural gas, multi-fuel Fuel: Municipal solid waste, refuse derived fuel Natural
Slide 17: Boiler Cleaning Equipment, Sootblowers, Systems and Replacement Parts
KEY T ECHNO LO G IES: BOILER CLEANING EQUIPMENT, SOOTBLOWERS, SYSTEMS AND REPLACEMENT PARTS Reliability, versatility, maximum cleaning performance and low maintenance, backed by experience  Boiler cleaning  Replacement parts & upgrades  Cameras & monitoring  Port rodders & dampers  Titanium int
Slide 18: Submerged Grind Conveyor Ash Handling
KEY TECHNOLOGIES: SUBMERGED GRIND CONVEYOR ASH HANDLING Designated to meet current and future U.S. regulatory requirements for ash handling with:  Lower equipment cost  Lower installation cost  Ability to utilize existing hoppers and gate valves  No hopper modifications  Short outage time  Sho
Slide 19: Ignitors, Flame Scanners and Controls
KEY TECHNOLOGIES: IGNITORS, FLAME SCANNERS AND CONTROLS Designed for safety, reliability and fuel flexibility  Natural gas conversions from oil- or coal-firing  Alternative energy fuels such as hydrogen, biodiesel, methanol and biogas  Burner management and controls for complete turnkey system ca
Slide 20: Emissions Control
KEY T ECHNO LO G IES: EMISSIONS CONTROL Pre-Treatment for Post- Particulate Control SO2 / Acid Gas Control Combustion Carbon Capture  Pulse Jet Fabric Filters / Baghouses  Wet or Seawater Flue Gas Desulfurization Systems  Wet and Dry Scrubbers, Sorbent Injection,  Wet and Dry Electrostatic Preci
Slide 21: Flue Gas Treatment for Carbon Capture
KEY T ECHNO LO G IES: FLUE GAS TREATMENT FOR CARBON CAPTURE  To optimize carbon capture on solvent-based scrubbing technologies, reductions in various pollutants found in the incoming flue gas are required  Our solutions include technologies for acid gases, particulate and acid mist, NOx and mercu
Slide 22: Aftermarket Services
KEY CAPABILIT IES: AFTERMARKET SERVICES Maintaining/improving plant operation: UPGRADES & RETROFITS Projects for extending the life of power, process and environmental equipment Supplying components for system reliability: REPLACEMENT PARTS High-quality standard or custom-engineered pressure and non
Slide 24: BrightLoop Hydrogen Production
BRIGHTLOOP™ HYDROGEN PRODUCTION FEEDSTOCK OPTIONS OUTPUT OPTIONS SIGNIFICANT ADVANTAGES:  Hydrogen from solid fuels – can utilize a variety of solid or gaseous fuels as feedstock  High rate of carbon captured – inherent CO2 isolation supports sequestration or utilization without the expensive post
Slide 25: BrightLoop Hydrogen Production Progress
BRIGHTLOOP™ HYDROGEN PRODUCTION PROGRESS BRIGHTLOOP EVOLUTION 1994-2004 2008 2014 2017 2026 2028 2029 Laboratory Scale Sub-Pilot with Steam & Hydrogen Coal Direct SMALL SCALE MEDIUM SCALE LARGE SCALE The Ohio State University Chemical Looping and B&W National Carbon Capture 1-5 Tonnes Per Day 10-50
Slide 26: Leveraging Decades of Funding Awards and Investments
LEVERAGING DECADES OF FUNDING AWARDS AND INVESTMENTS CONTINUE TO SCALE THIS INDUSTRY – CHANGING TECHNOLOGY COAL DIRECT CHEMICAL LOOPING (CDCL) NATIONAL CARBON CAPTURE CENTER (NCCC) 2,000 50 OPERATING HOURS STARTUP / SHUTDOWNS 1,000 20 OPERATING HOURS STARTUP / SHUTDOWNS 2009 CL 2010 NCCC 2010 NCCC 2
Slide 27: Global Leader in Clean Power Production Technologies
GLOBAL LEADER IN CLEAN POWER PRODUCTION TECHNOLOGIES BrightLoop™ BrightGen™ OxyBright™ SolveBright™ HYDROGEN PRODUCTION HYDROGEN COMBUSTION OXYGEN-FUEL COMBUSTION POST-COMBUSTION CARBON CAPTURE O U R C L I M AT E B R I G H T S U I T E  Emerging technologies: Long Duration Energy Storage,  Multiple
Slide 28: Bioenergy with Carbon Capture and Sequestration (BECCS)
BIOENERGY WITH CARBON CAPTURE AND SEQUESTRATION (BECCS) B&W’s biomass boilers paired with either OxyBright™ or SolveBright™ produce carbon-negative energy with a -2,500gCO2e/kWh carbon intensity OxyBright™ with B&W’s WtE solution could produce carbon negative energy with a -1,000 gCO2e/kWh carbon in

Babcock & Wilcox Enterprises — Q4 2024 Earnings Presentation on 6ix

Babcock & Wilcox Enterprises — Q4 2024 Earnings Presentation

Slide 1: Company Overview

Slide 2: Safe Harbor Statement

Slide 3: We're a Global Energy Leader Creating a Brighter Future

Slide 4: We're Helping Customers Create Clean and Reliable Energy

Slide 5: The Foundation of Our Company

Slide 6: We're Strengthening Our Business to Achieve Profitable Growth

Slide 7: We're Leveraging a Vast Installed Base and Proven Technologies

Slide 8: Babcock & Wilcox Profile

Slide 9: A Solid Pipeline of Global Opportunities

Slide 10: Leadership Team

Slide 11: Corporate Governance

Slide 12: Financial Information

Slide 13: Consolidated Financial Summary - Continuing Operations

Slide 14: Capital Structure

Slide 15: Key Technologies and Capabilities

Slide 16: Key Technologies: Steam Generation

Slide 17: Boiler Cleaning Equipment, Sootblowers, Systems and Replacement Parts

Slide 18: Submerged Grind Conveyor Ash Handling

Slide 19: Ignitors, Flame Scanners and Controls

Slide 20: Emissions Control

Slide 21: Flue Gas Treatment for Carbon Capture

Slide 22: Aftermarket Services

Slide 23: B&W's Emerging Technologies

Slide 24: BrightLoop Hydrogen Production

Slide 25: BrightLoop Hydrogen Production Progress

Slide 26: Leveraging Decades of Funding Awards and Investments

Slide 27: Global Leader in Clean Power Production Technologies

Slide 28: Bioenergy with Carbon Capture and Sequestration (BECCS)

Slide 29: Babcock & Wilcox Enterprises, Inc.