Arq, Inc. · NASDAQ:ARQ
Arq — Advanced Emissions Solutions — Q2 2023 Earnings Presentation
13 slides from Arq's earnings presentation, Aug 10, 2023
Slide 1: Q2 2023 Earnings Call
Advanced Emissions Solutions, Inc. Q2 2023 Earnings Call August 10, 2023 Nasdaq: ADES
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a “safe harbor” for such statements in certain circumstances. When used in this presentation, the words “can,” “will,” “intends,” “expects,” “beli
Slide 3: Why I Joined ADES
Bob Rasmus, CEO and Board Member Advanced Emissions Solutions Why I Joined ADES • Well-positioned to benefit from a changing regulatory landscape as the need to control and remediate the release of harmful chemicals into our air and water grows • Sophisticated asset base between Red River and Corbin
Slide 4: Second Quarter Highlights
Second Quarter Highlights Capital Plan & Business Plan Key Takeaways Cost Update Initiatives Completed integration of Arq team, Capital plan is on track Business plan remains in-line with systems and assets expectations, setting stage to realize Long lead time equipment being the future grow
Slide 5: Financial Highlights
Financial Highlights Consumables Revenue Net Income (Loss) Adjusted EBITDA(1) Cash & Equivalents $2.2 $3.1 $51.1 ($0.3) $41.3 $10.0 ($3.4) $8.8 $24.7 ($5.9) ($3.0) $20.4 $66.4 $58.8 ($13.4) ($10.7) June 30, 2023 December 31, 2022 Q2 Q2 1H 1H Q2 Q2 1H 1H Q2 Q2 1H 1H 2023 2022 2023 2022 2023 2022 2023
Slide 6: 2023 Outlook & Milestones
2023 Outlook & Milestones Ensure successful integration of Arq team, systems and assets; Completed Maintain high renewal rates with existing powder activated carbon customers and align contracts to increase ASP; Ongoing Execute Red River and Corbin plant expansions to enable commercial scale granula
Slide 7: Appendix
ADES Appendix
Slide 8: A: 10-Q Balance Sheet
Appendix A: 10-Q Balance Sheet(1) (1) See complete, unaudited Condensed Consolidated Financial Statements and Notes related thereto within the Quarterly Report on Form 10-Q for the period ended June 30, 2023. 8
Slide 9: B: 10-Q Income Statement
Appendix B: 10-Q Income Statement(1) (1) See complete, unaudited Condensed Consolidated Financial Statements and Notes related thereto within the Quarterly Report on Form 10-Q for the period ended June 30, 2023. 9
Slide 10: C: 10-Q Cash Flow
Appendix C: 10-Q Cash Flow(1) (1) See complete, unaudited Condensed Consolidated Financial Statements and Notes related thereto within the Quarterly Report on Form 10-Q for the period ended June 30, 2023. 10
Slide 11: C: 10-Q Cash Flow (continued)
Appendix C: 10-Q Cash Flow (continued)(1) (1) See complete, unaudited Condensed Consolidated Financial Statements and Notes related thereto within the Quarterly Report on Form 10-Q for the period ended June 30, 2023. 11
Slide 12: D: Non-GAAP Financial Measure & Adjusted EBITDA Reconciliation to Net (Loss) Income
Appendix D: Non-GAAP Financial Measure & Adjusted EBITDA Reconciliation to Net (Loss) Income Note on Non-GAAP Financial Measures To supplement the Company's financial information presented in accordance with U.S. Generally Accepted Accounting Principles, ("GAAP"), this presentation includes non-GAAP
Slide 13: E: Adjusted EBITDA Reconciliation to Net (Loss) Income
Appendix E: Adjusted EBITDA Reconciliation to Net (Loss) Income (1) Included in Net loss for the three and six months ended June 30, 2023, was $0.6 million and $4.9 million, respectively, of transaction and integration costs incurred related to the Arq Acquisition. For the three and six months ended
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