Anaergia, Inc. · TSX:ANRG
Anaergia — Q1 2023 Earnings Presentation
15 slides from Anaergia's earnings presentation, May 12, 2023
Slide 1: Anaergia Reports First Quarter 2023 Financial Results - Investor Conference Call
Anaergia Inc. Anaergia Reports First Quarter 2023 Financial Results - Investor Conference Call May 12, 2023 TSX: ANRG Fueling a Sustainable World
Slide 2: Disclaimers
Disclaimers Forward-Looking Information Certain statements in this presentation and certain oral statements made by senior management during the earnings conference call on May 12, 2023 (collectively, this "presentation") are “forward-looking information” within the meaning of applicable Canadian se
Slide 3: Participating in Today's Call
Participating in Today’s Call Dr. Andrew Benedek Dr. Yaniv Scherson Hani Kaissi Chair & CEO COO CDO & Acting CFO 3
Slide 4: Key Highlights
Key Highlights Financial Incentives Revenue Growth Market Recognition (C$ millions) Validation from Continue to Drive Tønder Sale Opportunties Anaergia was named “Net Zero Carbon Champion” by the Global Water Awards Tønder sale resulted in a net gain of CFR in Canada, IRA in the US and and also won
Slide 5: Continuing to Develop a Solid Base in a Growing Market
Continuing to Develop a Solid Base in a Growing Market • European RNG incentives, IRA and Canadian Clean Fuel Q1 2023 CLOSING ADJUSTED REVENUE Regulations (CFR) continue to generate opportunities for the business globally BACKLOG1 • We will be supplying RNG both a major oil producer and a Capital Sa
Slide 6: Market Recognition
Market Recognition • Anaergia is one of the youngest companies to be just recently named “Net Zero Carbon Champion” by the Global Water Awards, which highlights our commitment to making net zero a reality. • Our SoCal Biomethane BOO asset at the Victor Valley Wastewater Reclamation Authority was als
Slide 7: Financial Summary
Financial Summary • Revenue grew 2.8% in Q12023 compared to the same period in 2022 (CAD millions) • Capital sales segment remains the largest contributor, reflecting 67% of total Change Q1 2023 Q1 2022 revenue as our BOO facilities continue to ramp up and start operations. Revenues 2.8% 36.6 35.6 •
Slide 8: Capital Management and Liquidity
Capital Management and Liquidity • Cash, cash equivalents, and current restricted cash as of March 31, 2023, was $93.8M, $15.0M higher than at the end of Q1 2022. Non-current restricted cash was $15.2M • In February 2023, the Company completed the sale of Tønder for gross proceeds of €56M (~$80M) on
Slide 9: Revision to Fiscal 2023 Guidance
Revision to Fiscal 2023 Guidance Management is revising its Fiscal 2023 Revenue and Adjusted EBITDA guidance to the following: FISCAL 2023 Previous Updated Revenue (C$ millions) 280 - 340 180 - 220 Adjusted EBITDA* (C$ millions) 25 - 35 (10) - 10 Based on a recent review of our projects and current
Slide 10: Capital Sales
Capital Sales REVENUE Q1 2023 Q1 2022 Change CAD Million Capital Sales Revenues $24.5 $29.9 -18% Slight Slowdown in Capital Sales • Capital Sales revenue in Q1 2023 decreased 18% YOY due to a combination of certain projects nearing completion and customer delays. North America and EMEA continue to b
Slide 11: Services and BOO
Services and BOO REVENUE Q1 2023 Q1 2022 Change CAD Million Services $4.3 $3.6 18.3% BOO $7.8 $2.0 278.3% Continued Service Revenue Growth • Service segment of the business continues to grow, with 18.3% YOY growth with the help of a larger number of Services contracts • Majority contribution of serv
Slide 12: BOO Overview
BOO Overview No. of Annual RNG Output1,7 Consolidated Run-Rate Location Projects (MMBTU) Contruction CAPEX2,6 EBITDA3, 4 6 BOOs in Operation North America9 Europe5 6 6 ~1,948,000 ~607,000 ~$362 M ~$237 M ~$66 M ~$33 M ~$70M 6 BOOs in Execution Current Total (at 100% ownership) 12 ~2,555,000 ~$599 M
Slide 13: Business Reset
Business Reset Anaergia acknowledges the business and financial results plus the current share price in the market and recognizes there is significant room for improvement. The Company is taking the following actions in the near term as part of a business reset: 1. Strategic Shift to a Capital-Light
Slide 14: Q&A
Q&A 14
Slide 15: Thank you for attending.
Thank you for attending. 15