Slide 1: Q3 2022 Investor Presentation
Q3 2022 Investor Presentation As of November 15, 2022 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation and our accompanying comments include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “e
Slide 3: Charah Solutions
Charah Solutions Providing ESG solutions to the power generation industry for over 35 years, delivering ash remediation, recycling and management, raw materials sales, and environmental risk solutions IPO on the New York Stock Exchange in 2018; founded in 1987, based in Louisville, KY 20+ states 40+
Slide 4: ESG Solutions for Utilities
ESG Solutions for Utilities Remediation & Compliance Environmental Risk Transfer (ERT) Byproduct Services Raw Material Sales Ash pond and landfill design and other multi-year environmental improvement and sustainability initiatives driven by regulators, customers or consumer expectations Coal as
Slide 5: Recent Highlights
Fortified balance sheet to support future growth Completed certain legacy loss projects Implementing processes to improve commercial and operational rigor and oversight Increased new contract awards by $42M from mid-August to mid-November Strengthened leadership team Chair Bob Decensi: B
Slide 6: Financing & Liquidity
Financing & Liquidity On Nov. 14, 2022, entered agreements: $30M in gross proceeds private placement Selling 30,000 Series B Preferred Stock, par value $0.01 per share $28.8M net proceeds with 4% Original Issue Discount Investment fund affiliated with Bernhard Capital Partners Binding agre
Slide 7: ESG: Core to Our Business
ESG: Core to Our Business Reducing Our Customers’ Environmental Impact and Increasing Their Sustainability of Operations Are Central to Everything Charah Solutions Does Class C and Class F fly ash is beneficially used by ready mix concrete producers to make concrete. Structural fill projects in whic
Slide 8: Environmental Risk Transfer: Life Cycle
▪ Environmental Risk Transfer (ERT) projects provide benefits to the environment, the customer, and Charah Solutions ▪ At the start of any ERT project, Charah Solutions takes ownership, through a special purpose subsidiary, of the land and assets associated with a decommissioned power plant Environm
Slide 9: EnviroSource Beneficiation Tech
▪ EnviroSource beneficiation technology turns a waste product (fly ash) into a usable substitute for Portland cement, the most carbon intensive material in the production of concrete ▪ Modular, scalable, mobile EnviroSource units can be combined to produce from 100,000 to 300,000 tons of usable spec
Slide 10: EnviroSource Technology In Action
• Charah Solutions’ EnviroSource testing unit has been operational and in use for proof of concept and customer ash testing in Louisiana since 2018 EnviroSource℠ Technology In Action EnviroSource Technology Is “Deployment Ready”
Slide 11: ESG - Real, Meaningful Impact
ESG - Real, Meaningful Impact Charah Solutions Has Made Positive, Measurable Impacts Through Its Work1 1.58M Tons of CO2 emissions prevented from recycling of CCPs 2.79M Tons of material diverted from landfills 294M Gallons of wastewater recycled 4,818 Acres of land reclaimed 11.81M Tons of Coal Com
Slide 12: Sept. 30, 2022 Operating Summary
Sept. 30, 2022 Operating Summary (in thousands) 3 mos. 9/30/22 3 mos. 9/30/21 9 mos. 9/30/22 9 mos. 9/30/21 Revenue $81,540 $84,161 $224,701 $199,786 Gross Profit 2,859 9,449 1,766 21,954 Gross Margin 3.5% 11.2% 0.8% 11.0% Net Loss Attributable to Charah Solutions, Inc. (13,359) (1,677) (35,002) ( 7
Slide 13: Appendix
= Charah Solutions APPENDIX
Slide 14: Non-GAAP Reconciliation (Q3 2022)
Non-GAAP Reconciliation (Q3 2022) Adjusted EBITDA and Adjusted EBITDA Margin 1. Represents expenses associated with the Amendment to the Credit Facility, non-recurring legal costs and expenses and other miscellaneous items. 2. Adjusted EBITDA margin is a non-GAAP financial measure that represents th
Slide 15: Non-GAAP Reconciliation (Q2 2022)
Non-GAAP Reconciliation (Q2 2022) Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in thousands) Net loss attributable to Charah Solutions, Inc. $ (9,603) $ (4,216) $ (21,643) $ (5,453) Interest expense, net 4,467 3,314 9,040 6,549