Ballard Power Systems Inc. · TSX:BLDP
Ballard Power Systems — Q1 2021 Earnings Presentation
12 slides from Ballard Power Systems's earnings presentation, May 4, 2021
Slide 1: Q1 2021 Results Conference Call
Q1 2021 Results Conference Call May 4, 2021 Nasdaq & TSX Ticker: BLDP 1
Slide 2: Conference Call Participants
Randy MacEwen President & CEO Conference Call Participants Paul Dobson CFO 2
Slide 3: Forward-Looking Statements
This presentation contains forward-looking statements, including: estimated revenue; gross margin; cash operating costs; adjusted EBITDA; product cost reductions; liquidity; market size and growth projections; customer value propositions; and expected sales and product shipments. These forward- look
Slide 4: Q1 2021 Financial Results
Q1 2021 Financial Results • Results are consistent with internal projections o $17.6m revenue o 15% gross margin o ($14.0)m adjusted EBITDA o $1.27bn ending cash reserves • Sales pipeline continued expanding in the quarter 4
Slide 5: Bus Market
Europe • 135 modules ordered by Wrightbus and Solaris in 2020 and Q1-21 • 69 of these were shipped through Q1-21 … 66 still to be shipped Bus Market New Zealand • Ballard powering first FCEB in revenue service • Bus built by Global Bus Ventures, operated by Auckland Transport 5
Slide 6: Truck Market
Development work with MAHLE • Design of 240kW fuel cell engine for heavy-duty trucks on-track • Testing of prototype planned to begin by end-2021 Truck Market Linamar Corporation • Announced strategic alliance with Linamar, a Canadian Tier 1 automotive supplier • To jointly develop fuel cell powertr
Slide 7: Rail Market
Europe • Development program on-track to power Siemens Mobility Mireo Plus H train • Ballard to power Arcola Energy train in Scotland China Rail Market • Powering 5 trams on Gaoming Line in city of Foshan; in revenue service since late-2019 North America • Working with Canadian Pacific to power firs
Slide 8: Marine Market
MOU with Global Energy Ventures • To design multi-MW power solution for C-H2 Ship • C-H2 Ship will store & transport hydrogen from Australia; fuel cell propulsion system to utilize onboard hydrogen supply Marine Market Multiple marine projects continuing in Europe o MW-scale system development with
Slide 9: Other Notable Progress
MOU with Chart Industries for joint development of liquid hydrogen storage & vaporization solution for heavy-duty vehicles Other Notable Membership in Hydra Consortium Progress to develop renewable hydrogen solutions for heavy-duty mining mobile equipment 2nd annual ESG Report issued in April, as Ba
Slide 10: Power to Change the World®
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Slide 11: Q&A
Q&A 11
Slide 12: Power to Change the World®
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