LiqTech International, Inc. · NASDAQ:LIQT
LiqTech International — Q3 2021 Earnings Presentation
19 slides from LiqTech International's earnings presentation, Nov 11, 2021
Slide 1: Q3 2021 Earnings Release Presentation
Nasdaq: LIQT Q3 2021 Earnings Release Presentation November 11, 2021
Slide 2: Cautionary Statement
Cautionary Statement Forward-Looking Statements This presentation contains "forward-looking statements“ within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Although the forward-looking statements in this presentation reflect the good faith judgment of management, fo
Slide 3: Recent Highlights
Recent Highlights • Received first Middle East oil & gas market order from Baker Hughes (BKR). • Entry into a 'build, own and operate' model where the Company can generate income from both the sale and operation of its water filtration systems. • Received first India-based oil & gas order from Oil a
Slide 4: Marine Scrubber
Marine Scrubber 4
Slide 5: Marine Scrubber Quarterly Highlights
Marine Scrubber Quarterly Highlights Spread between HSFO and VLSFO • Improving market activity. $800 • Fuel spread has stabilized above $100 since February 2021 $700 and beginning to widen again - shortage of VLSFO. $600 • IMO to discuss a harmonization of scrubber discharge regulations at the MEPC
Slide 6: Marine Scrubber Revenue Outlook
Marine Scrubber Revenue Outlook $23,5 40-45% $12-$20 $ in Millions $11,0 Target Contribution Margins $4,0 2019 2020 2021E 2022E Numbers may not equate due to rounding. Midpoint of expectations used where appropriate. improving our future 6
Slide 7: Oil & Gas
Oil & Gas 7
Slide 8: Oil & Gas Highlights
Oil & Gas Highlights • Recently received orders for multiple oil and gas related projects with industry leaders Baker Hughes, Chevron and ONGC. • Multiple end market geographies, including the Middle East, the deep-sea oil & gas market, as well as India. • Entry into a 'build, own and operate' model
Slide 9: Oil & Gas Revenue Outlook
Oil & Gas Revenue Outlook $14-$20 60-65% $ in Millions Target Contribution Margins $2,0 $0,0 2020 2021E 2022E Numbers may not equate due to rounding. Midpoint of expectations used where appropriate. improving our future 9
Slide 10: China Black Carbon Marine Emission Reduction
China Black Carbon Marine Emission Reduction 10
Slide 11: Black Carbon Marine Emission Reduction Highlights
Black Carbon Marine Emission Reduction Highlights • Rapidly developing black carbon market for ocean-going and inland marine vessels led the Company to take a decision to move forward with plans to develop a new manufacturing facility in China. • Facility will manufacture both black carbon and NOx r
Slide 12: Black Carbon Marine Emission Reduction Revenue Outlook
Black Carbon Marine Emission Reduction Revenue Outlook Significant revenue ramp expected in 2023 and beyond following completion of Chinese manufacturing facility $2-$5 30-35% $ in Millions Target Contribution Margins $1,5 $0,0 2020 2021E 2022E Numbers may not equate due to rounding. Midpoint of exp
Slide 13: Other Products
Other Products Land Based Water Treatment Systems, OEM Membranes, Engineered Parts, DPF 13
Slide 14: Other Product Opportunities
Other Product Opportunities • Increased demand and sales of OEM membranes • Developed significant opportunities within Food & Beverage applications • Received first orders for acid filtration • Introduced new standardized system for aseptic applications • Focus on industrial wastewater applications
Slide 15: Other Product Revenue Vision
Other Product Revenue Vision $23-36 $4.5-$5.5 40-70% $ in Millions $5.5-$6.5 $11.5 $12.0 $5-$10 Target Contribution Margins $3,5 $4,0 $5,5 $8-$14 $6,0 $1,5 $1,0 $1,0 $1,0 2020 2021E 2022E OEM Membranes Land Based Water Treatment DPF Engineered Parts Numbers may not equate due to rounding. Midpoint o
Slide 16: Management Expectations
Management Expectations 16
Slide 17: Management Expectations
Management Expectations 2022 Revenue (excluding upside potential from IMO open loop ban) $50-$80 M Marine Scrubber (excluding upside from potential open loop ban) $12-$20 M Oil & Gas (excluding upside from large pipeline contract being signed in near-term) $14-$20 M China Black Carbon Marine Emissio
Slide 18: Quarterly Revenue Outlook
Quarterly Revenue Outlook $10,3 $9,7 $8.5-$11.0 $9,3 $7,4 $6.0-$8.0 $ in Millions $6,2 $4,6 $4,1 $4,0 $4,0 $4,1 $3,5 Q119 Q219 Q319 Q419 Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421E Q122E Numbers may not equate due to rounding. Midpoint of expectations used where appropriate. improving our future 18
Slide 19: Upcoming Investor Conferences
Upcoming Investor Conferences 2021 Stephens Annual Investment Conference Lytham Partners Winter 2021 Investor Conference December 1-3, 2021 December 13-16, 2021 The Omni Nashville, Nashville, TN www.lythampartners.com/winter2021invreg In-Person Virtual improving our future 19
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