Slide 1: Tecogen Investor Presentation
TECOGEN INVESTOR PRESENTATION OTC: TGEN BENJAMIN LOCKE, CEO ABINAND RANGESH, CFO
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and accompanying documents contain “forward-looking statements” which may describe strategies, goals, outlooks or other non- historical matters, or projected revenues, income, returns or other financial measures, that may include words such as "believe," "expe
Slide 3: Market Drivers of the Future
MARKET DRIVERS OF THE FUTURE Climate change, water shortages, fertilizer prices and trucking emissions will drive food production indoors and closer to consumers Utility tariffs will become time of day based with bonus payments for curtailment of peak power Clean Cooling will become critically impor
Slide 4: Our solutions provide resiliency and energy savings with a clean environmental footprint
Our solutions provide resiliency and energy savings with a clean environmental footprint >3,000 Units Shipped
Slide 5: Power Generation + Resiliency, Clean Cooling, Low Carbon Indoor Agriculture
POWER GENERATION + RESILIENCY CLEAN COOLING Chillers with lower operating cost and lower greenhouse gas footprint compared to competing chillers LOW CARBON INDOOR AGRICULTURE Modular microgrids for energy savings, greenhouse gas (GHG) reductions and resiliency to grid outages Boosting plant growth w
Slide 6: Enabling Low Carbon Agriculture: Tecogen Clean Cooling Solutions
ENABLING LOW CARBON AGRICULTURE TECOGEN CLEAN COOLING SOLUTIONS 6 Offers the maximum operating savings, precision climate control, resiliency, and GHG reductions. Cooling Runs on natural gas engine. Hybrid drive chiller (launch 2023) will blend utility or solar power with natural gas engine to choos
Slide 7: Green Cooling: CO2 Injection + Tecochill Low Carbon Chiller
GREEN COOLING: CO2 INJECTION + TECOCHILL LOW CARBON CHILLER EXHAUST CO2 RECYCLING 7 Our Tecochill will use the engine exhaust to boost plant growth between 1.5x and 2.5x 0 50 100 150 200 250 300 350 0 200 400 600 800 1000 1200 1400 1600 1800 2000 P la n t G ro w th R at e (% ) CO2 level (ppm) Plant
Slide 8: Growth Strategy – Indoor Agriculture
GROWTH STRATEGY – INDOOR AGRICULTURE TECOGEN INDOOR GROW SOLUTIONS OFFERS THE MOST PRECISE CLIMATE CONTROL, LOWEST COST OF OPERATION AND THE LOWEST CARBON FOOTPRINT 8 2021 1 in 2 indoor cannabis grow facilities in MA use Tecogen equipment due to 99% uptime and economic savings Demonstration of carbo
Slide 9: Other Key Market Segments
Facilities with beds such as multi-family and nursing homes continue to be great prospects for our microgrid and conventional CHP solutions. Process applications with simultaneous cooling and de-humidification such as food, beverage and chemicals represent the next largest market potential. These si
Slide 10: Revenue Segments
REVENUE SEGMENTS We service most purchased Tecogen equipment in operation through long term maintenance agreements. We have 11 service centers in North America and perform certain equipment installation work. SERVICES CLEAN, GREEN RELIABLE POWER, COOLING AND HEAT Sales of microgrid, cogeneration, an
Slide 11: YE 2021 Results
YE 2021 RESULTS Highlights • Net Income of $0.15/share YE 2021 • Net Income $3.69m Revenue = $24.39 million • Compared to $28.25 million in 2020, 13.6% decrease • Product revenue down for FY 2021 due to • COVID related reduced sales activity • Some supply chain issues in Q3 • Service down due to low
Slide 12: Long Term Recurring Revenues
LONG TERM RECURRING REVENUES 12 RECURRING REVENUE STREAMS: 55% OF OVERALL REVENUE, >7% ANNUAL GROWTH RATE $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 R ev en u e ($ ) Service Revenue by Quarter Service contracts
Slide 13: Stronger Fundamentals Compared to Peers
STRONGER FUNDAMENTALS Bloom BE (FY 21) Tecogen TGEN (YE 21) Capstone CGRN (9 Months 21) Gross Profit Margins 20% 48% 14% Operating Profit Margins -12% -5.3% -22% LT Debt to Equity Ratio 24.09 0.18 4.76 EPS -$0.95 $0.14 -$0.92 STRONG FUNDAMENTALS COMPARED TO PEERS
Slide 14: Pathway to Growth 2022 to 2023
PATHWAY TO GROWTH 2022 TO 2023 14 Anticipate Introduction of Tecochill Air Cooled Chillers that incorporate the Tecogen hybrid drive technology by Q1 2023. This addresses a gap in our Tecochill offering as air cooled chillers are typically sold in larger volumes compared to water cooled chillers in
Slide 15: Facts About Us
DISTRIBUTED GENERATION AND CHILLERS SHIPPED 3,000+ KWH GENERATED 1,968,913,337 FACTS ABOUT US METRIC TONS OF CO2 SAVED 200,000+ PRODUCT RUN HOURS 52,156,171 15 NUMBER OF OPERATIONAL U.S. MICROGRIDS IN 2019 #3
Slide 16: Leadership Team
LEADERSHIP TEAM CEO BENJAMIN LOCKE Benjamin M. Locke has been a member of the Company's board of directors since June 2018. Mr. Locke has been the Company's Co-Chief Executive Officer since 2014 and as of March 29, 2018 he became the sole Chief Executive Officer of Tecogen. Mr. Locke was the Directo
Slide 17: Leadership Team
LEADERSHIP TEAM Roger Deschenes has led accounting and finance functions in high-technology manufacturing and consumer products and distribution companies for over 30 years, including as Division Chief Financial Officer at L3 Security Detection Systems, Inc. in 2017 and 2018, and as Vice President,
Slide 18: Board Members
BOARD MEMBERS Director Earl R. Lewis III has served as Chairman of the Board and as Chief Executive Officer and President of FLIR Systems from 2000 through May 2013, and since May 2013 as Chairman of the Board and as a senior consultant to FLIR Systems. Mr. Lewis also served as Chairman of the Board