Eos Energy Enterprises, Inc. · NASDAQ:EOSE
Eos Energy Enterprises — FY2024 Earnings Presentation
16 slides from Eos Energy Enterprises's earnings presentation, Mar 5, 2025
Slide 1: FY 2024 Financial Results
Eos Energy Enterprises FY 2024 Financial Results March 05, 2025
Slide 2: Disclaimer
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 expected revenue
Slide 3: Non-GAAP Financial Measures
Non – GAAP Financial Measures To provide investors with additional information regarding our financial results, we have disclosed in this earnings presentation non-GAAP financial measures, including adjusted EBITDA and adjusted earnings per share (EPS), which are non-GAAP financial measures as defin
Slide 4: Operating Highlights
Òperating Highlights 1 2 1 Commercial Pipeline Booked Orders Orders Backlog at 12/31 $14.4 billion $310.7 million $682.2 million Representing ~55 GWh Representing ~1.2 GWh Representing ~2.6 GWh 3 2 14 Discharge Energy 2024 Revenue Total Cash 5.2 GWh $15.6 million $103.4 million ~4.8 GWh in the fiel
Slide 5: Scaling Operations in a High-Growth Environment
Highlights Scaling Operations in a High-Growth Environment External Landscape Commercial Growth Operational Scale Global electricity demand, expected Customers buy storage solutions, Set new monthly output to more than double by 20501 not battery technologies records each of last 2 months ~25% energ
Slide 6: Expanding American-Made Energy Storage Capacity
Operational Scale & Capacity Expanding American-Made Energy Storage Capacity Increased demand signals for safe, multi-cycle long duration energy storage Mon Valley Works Capacity Expansion Factory 2 Works Maintaining Q2/Q3 2H 2025 > 98% Sub-assembly Containerization 8 states First pass yield automat
Slide 7: Deliver Profitable Z3 Growth
Operational Scale & Capacity Deliver Profitable Z3 Growth Realized 56% cost-out from launch; 77% volume adjusted cost-out Direct Material Labor Mfg. Overhead 48.1% 20.9% 31.0% ~58% ~68% ~46% 16.7% 20.3% 18.1% 6.8% 1.3% 3.9% Launch 24 Exit @ Scale Launch 24 Exit @ Scale Launch 24 Exit @ Scale Exceede
Slide 8: Strong Pipeline Aligned to Eos Value Proposition
Commercial Growth Strong Pipeline Aligned to Eos Value Proposition $24.6 billion, 96 GWh total commercial activity Lead Generation1 Opportunity Pipeline1 Orders Backlog1 Commercial Vitality $10.2B $14.4B $682M ~80% Added since 20232 ~41GWh ~55GWh ~2.6GWh YoY Change +122% 50% 9% 28% 5+ hour duration
Slide 9: Launched Full Bankability Offering
Commercial Growth Launched Full Bankability Offering Providing multiple options to ensure customer returns 3rd Party Validation Production Capability System Performance Cerberus Capital Management State-of-the-Art Manufacturing 3M+ Test Cycles1 Teaming Agreement Department of Energy 1.25 GWh current
Slide 10: Fourth Quarter 2024 Financials
Financial Results & Forecast Fourth Quarter 2024 Financials Highlights ($ in millions) Q4 ‘24 Q4 ‘23 % Change Increased customer project shipments Revenue 7.3 6.6 10% 19.7% energy density improvement Gross Profit (Loss) (23.5) (23.7) 1% Improved product margin Operating Expenses 28.2 18.5 -52% +35 p
Slide 11: Full Year 2024 Financials
Financial Results & Forecast Full Year 2024 Financials Highlights ($ in millions) 2024 2023 % Change Revenue variance driven by Q3 Cube Revenue 15.6 16.4 -5% shipments, partially recovered in Q4 Gross Profit (Loss) (83.3) (73.4) -13% Lower Z3 material cost more than Operating Expenses 91.9 79.5 -16%
Slide 12: Fiscal Year 2025 Guidance
Financial Results & Forecast Fiscal Year 2025 Guidance 2025 Revenue Guidance • Staged subassembly automation Q2/Q3 • Increase containerization capacity 2H25 $150m - $190m • Higher project service revenue 2H25 At least 10x full-year 2024 results 12
Slide 13: Strengthening Eos Leadership
Strengthening Eos Leadership Chief Commercial Officer Chief Financial Officer Nathan Kroeker Eric Javidi • Secured $859m in Eos financing • 15+ year energy industry veteran • Experienced energy operating leader • Multiple global CFO positions 13
Slide 14: Appendix
APPENDIX Eos. Positively ingenious. ~ e€os.
Slide 15: GAAP to Non-GAAP Reconciliations
Appendix GAAP to Non-GAAP Reconciliations RECONCILATION OF NET LOSS TO ADJSUTED EBITDA (In thousands) For the three months For the twelve months ended December 31, ended December 31, 2024 2023 2024 2023 Net loss $ (268,124) $ (41,208) $ (685,870) $ (229,506) add: Interest expense 5,248 8,565 28,217
Slide 16: GAAP to Non-GAAP Reconciliations
Appendix GAAP to Non-GAAP Reconciliations RECONCILATION OF NET INCOME (LOSS) TO ADJSUTED EARNINGS (LOSS) PER SHARE (In thousands) For the three months For the twelve months ended December 31, ended December 31, 2024 2023 2024 2023 Net loss attributable to common shareholders $ (481,516) $ (41,208) $
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