Slide 1: Third Quarter 2024 Conference Call Presentation
1 Broadwind | Investor Presentation 2023 Third Quarter 2024 Conference Call Presentation November 13, 2024
Slide 2: Safe Harbor Statement
2 Broadwind | Investor Presentation 2023 SAFE HARBOR STATEMENT This document contains “forward looking statements” — that is, statements related to future, not past, events — as defined in Section 21 E of the Securities Exchange Act of 1934 , as amended, that reflect our current expectations regardi
Slide 3: 3Q24 Performance Summary
3Q24 PERFORMANCE SUMMARY
Slide 4: Performance Update: Strategic Progress Points
4 Broadwind | Investor Presentation 2023 PERFORMANCE UPDATE Strategic Progress Points As of November 2024 Disciplined balance sheet management. Total liquidity of $19 million as of 9/30/24; net leverage of 1.4x Consistent operational execution. Operational execution drove favorable operating leverag
Slide 5: Consolidated Financial Performance
5 Broadwind | Investor Presentation 2023 Cost structure optimization preserved operating leverage, resulting in sustained profitability CONSOLIDATED FINANCIAL PERFORMANCE Total Revenue ($MM) Gross Profit ($MM) Adjusted EBITDA ($MM) GAAP Net Income ($MM) Sustained operational discipline, productivity
Slide 6: Heavy Fabrications Segment
6 Broadwind | Investor Presentation 2023 Third Quarter 2024 HEAVY FABRICATIONS SEGMENT Fixed cost reductions and operational rigor remain in focus Ongoing pause in onshore wind demand resulted in softer revenues while cost discipline drove sustained mid - teens Adj. EBITDA margin Segment EBITDA marg
Slide 7: Gearing Segment
7 Broadwind | Investor Presentation 2023 Third Quarter 2024 GEARING SEGMENT Operational efficiencies drive sustained EBITDA profitability Orders increased 46% y/y due to improved demand from power generation and infrastructure markets Segment revenue fell 20% y/y due to ongoing softness in steel and
Slide 8: Industrial Solutions Segment
8 Broadwind | Investor Presentation 2023 Third Quarter 2024 INDUSTRIAL SOLUTIONS SEGMENT Orders trending favorably, resulting in backlog growth; Operational focus led to sustained double - digit Adj. EBITDA margins Segment orders grew 52% y/y, while backlog increased by 4% driven by a book - to - bi
Slide 9: Disciplined balance sheet management supports business through transitional period
9 Broadwind | Investor Presentation 2023 (1) On August 4, 2022, Broadwind entered in to a $35.0 million Senior Secured Revolving Credit Facility (the “Credit Facility ”), including an optional $10.0 million accordion feature, and a $7.6 million Senior Secured Term Loan (the “Term Loan). The Term Loa
Slide 10: Fourth Quarter 2024 Financial Guidance
10 Broadwind | Investor Presentation 2023 Introducing Fourth Quarter 2024 revenue and Adjusted EBITDA guidance Guidance supported by targeted commercial growth within high - value, growth - oriented fabrications markets, together with a targeted focus on asset optimization and operational discipline
Slide 11: Appendix
APPENDIX
Slide 12: Corporate Overview
12 Broadwind | Investor Presentation 2023 CORPORATE OVERVIEW We support the world’s energy transition as a leading independent producer of wind towers, gearing, custom fabrications, clean fuel processing systems and supply chain solutions Broadwind is a precision manufacturer of technologically adva
Slide 13: What we do
13 Broadwind | Investor Presentation 2023 What we do Precision manufacturing within wind sector and other diverse end - markets We provide large complex and precision fabrications to customers in a broad range of industrial markets, as well as proprietary clean fuel processing systems. Key products
Slide 14: Inflation Reduction Act Impact Benefit
14 Broadwind | Investor Presentation 2023 INFLATION REDUCTION ACT IMPACT BENEFIT At full utilization, IRA could provide up to ~$30 million in incremental annual gross profit Broadwind is prepared to leverage the benefits of the IRA to create shareholder value The IRA serves to materially enhance tow
Slide 15: Passage of IRA Supports Multi-Year Investment in Wind
15 Broadwind | Investor Presentation 2023 PASSAGE OF IRA SUPPORTS MULTI - YEAR INVESTMENT IN WIND Inflation Reduction Act of 2022 supports multi - decade decarbonization of domestic energy grid Broadwind is uniquely positioned to take advantage of the increased development activity driven by the IRA
Slide 16: Appendix: Balance Sheet
16 Broadwind | Investor Presentation 2023 APPENDIX Balance Sheet
Slide 17: Appendix: Income Statement
17 Broadwind | Investor Presentation 2023 APPENDIX Income Statement
Slide 18: Appendix: Statement of Cash Flows
18 Broadwind | Investor Presentation 2023 APPENDIX Statement of Cash Flows 2024 2023 Net income…...……………………………………………………………………………………………2,066$ 6,578$ Adjustments to reconcile net cash used in operating activities: Depreciation and amortization expense…………………………………………………………………….4,986 4,772 Deferred inc
Slide 19: Appendix: GAAP to Non-GAAP Reconciliation
19 Broadwind | Investor Presentation 2023 APPENDIX GAAP to Non - GAAP Reconciliation
Slide 20: Appendix: Segment-Level Data
20 Broadwind | Investor Presentation 2023 APPENDIX Segment - Level Data Three Months Ended Nine Months Ended 2024 2023 2024 2023 ORDERS: Heavy Fabrications………………………………………………………………11,147$ 8,009$ 31,506$ 40,608$ Gearing………………………………………………………………4,396 3,005 19,546 21,211 Industrial Solutions…………………………………
Slide 21: IR Contact
21 Broadwind | Investor Presentation 2023 Please contact our investor relations team at BWEN@val - adv.com IR CONTACT