Gencell Ltd. · TASE:GNCL
Gencell — Investor Presentation (April 2024)
16 slides from Gencell's investor presentation, April 2024
Slide 1: Power for Humanity – Investors Presentation April 2024
POWER FOR HUMANITY Investors Presentation | April 2024
Slide 2: Legal Disclaimer
Legal Disclaimer The information included in this presentation (the “Information”), and any other information which is conveyed by means of this presentation, is presented for convenience purposes only, and does not constitute an exhaustive description of all data regarding Gencell Ltd. and/or its s
Slide 3: Key Points
KEY POINTS $33.2m* Significant steady cost Cash Balance as of 31.12.23 reduction achieved in FY2023 Sufficient for 18 - 20 months Expecting positive gross margin in 2024 Burn Rate Market Alignment Down from $2.1m to Sharpen focus on highest $1.6m per month potential for profit $57m GenCell Inc. Sale
Slide 4: Active Markets
ACTIVE MARKETS COMMUNICATIONS UTILITIES EV CHARGING
Slide 5: Communications
COMMUNICATIONS LASER FOCUS ON SPECIFIC SEGMENTS RECENT WINS ↳ A major European telecom provider selected GenCell to provide multiple emergency power backup units in a deal valued at ~$5m; contract to be finalized in Q2 2024. ↳ PTTEP, the national Thai petroleum company purchased two GenCell BOX long
Slide 6: Focus Market Utilities
FOCUS MARKET UTILITIES SUBSTATION RESILIENCE EV CHARGING – FOR FLEET MANAGEMENT & BACKUP VIA DERS & MICROGRIDS GENCELL REX GENCELL EVOX
Slide 7: Utilities - Substations
UTILITIES - Substations PROGRESS IN NORTH AMERICAN UTILITIES MARKET MEXICO ↳ By 2022, GenCell supplied 74 systems to fully comply with CFE’s specifications for Tier One auxiliary DC power; ↳ In 2023, GenCell provided additional units in a deal valued at ~$4.5m; ↳ In 2024, GenCell is expecting in H1
Slide 8: Utilities Substations & EV Charging
UTILITIES Substations & EV Charging PROGRESS IN NORTH AMERICAN UTILITIES MARKET USA Example of estimated cost of losses over 24hr period ↳ Sales of GenCell REX units in an RFI by one due to power outage in a US substation Texas-based utility are estimated to reach Food Spoilage: $1.0 million ~$30m b
Slide 9: Utilities & End Users – EV Charging
UTILITIES & End Users – EV Charging KEY INSIGHTS INTO THE CHANGING EV CHARGING MARKET ↳ GenCell launched its new EVOX solution ® to address the significant power gap that inhibits DC fast EV charging in many locations, especially in the U.S.; ↳ The EVOX value proposition has resonated with fleet man
Slide 10: Utilities & End Users – EV Charging
UTILITIES & End Users – EV Charging PROGRESS IN THE U.S. EV CHARGING MARKET ↳ First 2 units enroute to USA assigned to first two US- based sites: ↳ UCLA – The Transportation Department of this leading university in California is deploying EVOX to ensure power for its EV fleets & meet its sustainabil
Slide 11: Utilities
UTILITIES We have doubled our sales potential to U.S. utilities. – MULTIPLY OUR MARKET POTENTIAL BY OFFERING BOTH REX & EVOX
Slide 12: Efforts to Achieve Profitability
EFFORTS TO ACHIEVE PROFITABILITY ↳ During FY2023 the company succeeded to reduce BOX unit cost by 36% and in FY2024 a further decrease in cost of an 36% additional ~20% is planned, ↳ These substantial cost reductions are expected to 20% drive GenCell to reach a positive gross margin in FY2024; (Plan
Slide 13: GenCell Ltd. Consolidated Statement of Comprehensive Loss
GENCELL LTD. GENCELL LTD. CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS (IN $ THOUSANDS) Key Points ↳ Cost of Sales includes costs of production of all the units manufactured in that year without capitalization of the cost of salaries and related expenses
Slide 14: Technological Developments Update
TECHNOLOGICAL DEVELOPMENTS UPDATE ↳ GenCell Energy Management Software (GEMS): • GEMS Intelligent IoT Edge (Datahub) software platform released, connecting all GenCell units deployed worldwide to headquarters • EVOX GEMS SW V1 released to optimize costs per kWh, upgrading user experience. ↳ Fuel Cel
Slide 15: Key Takeaways
KEY TAKEAWAYS Business focus on U.S to drive $33.2m* exponential growth Cash Balance as of 31.12.23 Dual product approach to expand Sufficient for 18 - 20 months U.S. utility market share $57m Achieved key lighthouse Sales Pipeline accounts in all three 2024-2026 sales pipeline, of this focus market
Slide 16: Thank You
THANK YOU