Eos Energy Enterprises, Inc. · NASDAQ:EOSE
Eos Energy Enterprises — Q2 2024 Earnings Presentation
16 slides from Eos Energy Enterprises's earnings presentation, Aug 7, 2024
Slide 1: Eos Energy Enterprises Q2 2024 Financial Results
Eos Energy Enterprises Q2 2024 Financial Results August 07, 2024
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected reve
Slide 3: Disclaimer: Important Information and Where You Can Find It
Disclaimer Important Information and Where You Can Find It This presentation may be deemed to be solicitation material in respect of a vote of stockholders to approve the issuance of more than 19.99% of the outstanding common stock under the warrants and the convertibility of the preferred stock iss
Slide 4: Operating Highlights
Operating Highlights 1 2 1 Commercial Pipeline Booked Orders Orders Backlog at 6/30 $13.8 billion $133.1 million $586.8 million Representing ~52 GWh Representing ~0.5 GWh Representing ~2.3 GWh 3 4 1 Discharge Energy Q2 Revenue Cash On Hand at 6/30 4.0 GWh $0.9 million $52.5 million ~3.6 GWh in the f
Slide 5: Recent Achievements
Operating Highlights Recent Achievements Positioning to capture larger, longer, duration energy storage opportunities Cerberus Strategic Investment Recognized global leader in alternative investing, ~$65B AUM Propels path to profitability and Project AMAZE implementation SotA Line 1 in Commercia
Slide 6: Why Cerberus Chose Eos
Operating Highlights Why Cerberus Chose Eos Strategic investment thesis Cerberus is a global leader in alternative investing with ~$65 billion of 1 assets. Its Supply Chain investment strategy has a dedicated focus on After a lengthy, in-depth due diligence evaluation, Cerberus’ investment in partne
Slide 7: Recent Eos Tailwinds
Operating Highlights Recent Eos Tailwinds Positive momentum post announcement enhancing growth potential Commercial Growth Operational Excellence Signed 960 MWh Letter of Intent with Implementing operations council to work new customer, subject to financing with the board to improve performance
Slide 8: Operational Scale & Capacity
Operational Scale & Capacity 8
Slide 9: Manufacturing at Scale and Cost
Operational Scale & Capacity Manufacturing at Scale and Cost Successfully launched commercial production; scaling operations to optimize performance State-of-the-Art Battery Manufacturing Line 1 in Commercial Production Manufacturing & Cost-Out Highlights Validated sub-assembly processes quality
Slide 10: Commercial Opportunity Pipeline & Orders Backlog
Commercial Opportunity Pipeline & Orders Backlog 10
Slide 11: Selected as BNEF Tier 1 Energy Storage Supplier
Commercial Opportunity Pipeline & Orders Backlog Selected as BNEF Tier 1 Energy Storage Supplier Awarded to manufacturers meeting rigorous product performance, bankability and customer satisfaction standards Emerging LDES Requirements Large Scale LDES Eos Levelized Cost of Storage “A Good Neighbor”
Slide 12: Current Commercial Activity
Commercial Opportunity Pipeline & Orders Backlog Current Commercial Activity Total pipeline increased ~$0.5B from prior quarter; commercial pipeline momentum post Cerberus announcement 1 1 1 Lead Generation Commercial Opportunity Pipeline - $13.8B Backlog Active proposals LOI / Firm commitments $9.5
Slide 13: Financial Results & Forecast
Financial Results & Forecast 13
Slide 14: Strengthened Balance Sheet & Increased Capital Flexibility
Financial Results & Forecast Strengthened Balance Sheet & Increased Capital Flexibility Strategic investment expected to provide adequate capital to reach profitability with added flexibility Profitability Expansion Investment Operational Cash Up to Customer Deposits $210.5m $105m $398.6m Monetizati
Slide 15: Second Quarter 2024 Eos Income Statement
Financial Results & Forecast Second Quarter 2024 Eos Income Statement Revenue COGS ($ in millions) Q2 2024 Q2 2023 $ in millions $ in millions +261% +26% Revenue 0.9 0.2 0.9 14.1 Cost of Goods Sold 14.1 11.2 11.2 Gross Loss (13.2) (11.0) 0.2 R&D expense 4.3 5.0 SG&A expense 11.3 13.1 Q2 2024 Q2 2023
Slide 16: Reaffirming Fiscal Year 2024 Outlook
Financial Results & Forecast Reaffirming Fiscal Year 2024 Outlook Scheduled Key Events Revenue Contribution Eos Special Shareholder Meeting Margin September 2024 $60m - $90m Positive in Q4 Q3 Earnings Call Expects to increase manufacturing volumes Defined as sales price less direct labor, direct Nov
Eos Energy Enterprises — Q2 2024 Earnings Presentation on 6ix