Westport Fuel Systems, Inc. · NASDAQ:WPRT
Westport Fuel Systems — Q2 2019 Earnings Presentation
9 slides from Westport Fuel Systems's earnings presentation, Aug 8, 2019
Slide 1: Q2 2019 Conference Call
Q2 2019 Conference Call August 8, 2019
Slide 2: WFS Consolidated Results
WFS CONSOLIDATED RESULTS > Fifth consecutive quarter of positive adjusted EBITDA SECOND QUARTER YEAR TO DATE ($ in millions) Q2 2019 Q2 2018 Better/(Worse) 2019 2018 Better/(Worse) Total Revenues $82.4 $80.5 2% $155.6 $144.3 8% Gross Margin 19.3 21.7 (11%) 36.5 36.4 0% GM% 23% 27% - 23% 25% - Operat
Slide 3: Transportation Segment
TRANSPORTATION SEGMENT > Year-over-year revenue increase driven by strong sales in the aftermarket and OEM businesses, including increasing sales of the Westport HPDI 2.0TM product SECOND QUARTER SEQUENTIAL ($ in millions) Q2 2019 Q2 2018 Better/(Worse) Q3 2018 Q4 2018 Q1 2019 Q2 2019 Total Revenues
Slide 4: Cummins Westport Inc.
CUMMINS WESTPORT INC. > Q2 2018 benefitted from $3.7 million in favourable warranty adjustments as compared to $0.6 million in the current quarter FIRST QUARTER SEQUENTIAL ($ in millions) Q2 2019 Q2 2018 Better/(Worse) Q3 2018 Q4 2018 Q1 2019 Q2 2019 Units 1,745 2,124 (18%) 2,090 2,362 1,991 1,745 T
Slide 5: Corporate Segment
CORPORATE SEGMENT > SG&A expenses decrease due to lower stock based compensation expense, lower salary expense and lower discretionary costs, partially offset by higher SEC investigation related costs of $4.5M compared to $2.5 million in Q2 2018, net of insurance recoveries SECOND QUARTER SEQUENTIAL
Slide 6: Q2 Cash Walk
Q2 CASH WALK $1.4 ($ in millions) $7.4 ($7.8) $46.0 ($1.6) $45.4 Beginning CWI Dividend Working Principal and Ending CapEx Balance Capital and Interest Balance SEC related Payments Mar 31, 2019 Jun 30, 2019 PAGE 6
Slide 7: Guidance
GUIDANCE > 2019 revenue guidance range of $285 - $305 million PAGE 7
Slide 8: Q&A
Q&A Westport @uel Systems
Slide 9: Cautionary Note
CAUTIONARY NOTE Forward Looking Statements > This presentation contains forward-looking statements, including statements regarding Westport Fuel Systems’ business, revenue, liquidity and cash usage expectations, future of our development programs, future sales of products and gross margin, the deman
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