Flux Power Holdings, Inc. · NASDAQ:FLUX
Flux Power — Q2 2022 Earnings Presentation
10 slides from Flux Power's earnings presentation, Feb 10, 2022
Slide 1: Second Quarter 2022 Financial Results Conference Call
jae Second Quarter 2022 Financial Results Conference Call NASDAQ: FLUX February 10, 2022
Slide 2: Safe Harbor Language
Safe Harbor Language This presentation contains forward-looking statements. All statements other than statements of historical fact contained in this presentation, including statements as to the Company's future results of operations and financial position, planned products and services, business st
Slide 3: Key Second Quarter 2022 Highlights
Key Second Quarter 2022 Highlights . Revenue increased 19% to $7.7 million compared to Q2’21 revenue of $6.5 million Achieved 14th consecutive quarter of year-over-year revenue growth Received $19.8 million in customer purchase orders from existing Fortune 500 and new customers including: « Multiple
Slide 4: Unprecedented Level of Supply Chain Uncertainty in 2021
Unprecedented Level of Supply Chain Uncertainty in 2021 COVID and supply chain disruptions caused production delays and increased working capital; Global parts shortages increased through the year and remain in 2022 Responses of our suppliers and our staff have been working hard to mitigate Our $14
Slide 5: Supply delays and price increases impact shipments and GM
FHUWD¢ POWER Supply delays and price increases impact shipments and GM Planned actions to restore trajectories « Adding new battery cell supplier (lower cost, better performance) in 2021 delayed some GM actions 10.0 FY'17 FY'18 Revenue ($M) mQ1+Q2 Q3+Q4 FY'19 FY'20 Frr2a 22! 40% 35% 30% 25% 20% 15%
Slide 6: Trajectory to cash flow breakeven
Trajectory to cash flow breakeven Improve supply chain efficiency, supplier management, better accountability, alternate suppliers Restructure order to purchasing to build methodologies and tracking Aggressive supplier selection and accountability Avoid excess inventory from better alignment of sale
Slide 7: Customer Backlog & Inventory
$Millions Customer Backlog & Inventory $35 $30 $25 $20 $15 $10 $5 $0 Q2'22 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 12/31/2019 3/31/2020 6/30/2020 9/30/2020 12/31/2020 3/31/2021 6/30/2021 9/30/2021 12/31/2021 mmCustomer Backlog -—Inventory Second Quarter 2022 Financial Results Conference Call
Slide 8: Second Quarter 2022 Financial Highlights
Second Quarter 2022 Financial Highlights $ in millions 2021 2020 Revenue 11 Gross profit 1.0 Gross margin (%) SG&A expenses 4.0 R&D expenses Zl Cash 3) 6.5 1.5 23.0% 3.1 1.6 47
Slide 9: Closing Summary
Closing Summary | Strategic initiatives to increase profitability and mitigate ongoing global supply chain disruptions 2? Execute on record $31.4 million customer order backlog to generate cash receipts 3 Continued increase in both customer demand and related production capacity increases 4 Expansio
Slide 10: Q&A
Q&A Flux Power (= LW): C info@fluxpower.com 2685 S. Melrose Drive, Pera Vista, CA 92081 Investor Relations Chris Tyson Executive Vice President MZ North America Direct: 949-491-8235 FLUX@mzgroup.us www.mzgroup.us Second Quarter 2022 Financial Results Conference Call February 10, 2022 10