Aspen Aerogels, Inc. · NYSE:ASPN
Aspen Aerogels — Q4 2021 Earnings Presentation
13 slides from Aspen Aerogels's earnings presentation, Feb 17, 2022
Slide 1: Q4 and 2021 FY Financial Results Call
February 17, 2022 ASPEN AEROGELS Q 4 A N D 2 0 2 1 F Y F I N A N C I A L R E S U LT S C A L L
Slide 2: Disclaimer on Forward Looking Statements
Disclaimer on Forward Looking Statements This presentation contains statements that constitute “forward‐looking statements” under the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “plan,” “potential,”
Slide 3: Disclaimer on Forward Looking Statements
Disclaimer on Forward Looking Statements The presentation contains target financial information with respect to the Company. Such target financial information constitutes forward looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative o
Slide 4: 2021 Financial Highlights
2021 Financial Highlights Strong revenue growth and achieved production launch with two PyroThin® customers $ in millions except EPS, unless noted 2020 20211 2022 Outlook 1 Commentary ‘21 Q4 Production Launches REVENUES $100.3 $121.6 $145.0 - $155.0 Revenue growth in all YoY Growth (28%) 21% 19% 27%
Slide 5: Koch Strategic Platforms Investments
Koch Strategic Platforms Investments $100M convertible debt and $50M common stock PIPE are a vote of confidence on Aspen’s ability to execute TOTAL KSP INVESTMENTS OF $225M SINCE JUNE 2021 CONTINUE ENABLING THE EXPANSION OF AEROGEL CAPACITY TO MAXIMIZE THE EV OPPORTUNITY WITH THE EXPERTISE AND SUPPO
Slide 6: Increasing Capacity to Deliver the Revenue Plan
Increasing Capacity to Deliver the Revenue Plan Capacity to fulfill awarded thermal barrier business will drive Aspen’s growth and pave the path to profitability with: REVENUE PREDICTABILITY CAPITAL EFFICIENCY CAPACITY ECONOMICS OEM EV launches balanced by short Core aerogel scalability enabled by B
Slide 7: 2022 Stakeholder Prioritization Initiatives
2022 Stakeholder Prioritization Initiatives Standards for Construction Materials and Automotive Parts guide our implementation of ESG initiatives PRIORITY ALIGNMENT RECENT INITIATIVES 2022 ACTION PLAN Environment • Engaged external support for ESG • Sustainable products assessment, strategy and repo
Slide 8: Addressing Thermal Runaway in EVs
Addressing Thermal Runaway in EVs Managing runaway is a vehicle and battery system level optimization exercise that requires active and passive solutions OEM target vehicle attributes… …drive battery architecture decisions… …while ensuring safety with: Safety …such as chemistry… Active Measures Asse
Slide 9: Earning and Optimizing Content per Vehicle
Earning and Optimizing Content per Vehicle A focused approach on managing CPV instead of simply trying to increase it is required to meet customers’ needs PyroThin® can deliver the required fire protection and mechanical properties with half the Content per vehicle will evolve within the thickness a
Slide 10: Our Strategy to Create Stakeholder Value
Our Strategy to Create Stakeholder Value Leveraging our platform in markets with favorable dynamics while focusing on doing the right things well creates value WHO WE ARE WHAT WE DO CREATES VALUE PROPRIETARY AEROGEL TM OPTIMIZE AND EXPAND OUR PLATFORM Peers' 1 Revenue Growth and EBITDA Margins 2 sid
Slide 11: Appendix: GAAP-Non-GAAP Reconciliation
Appendix GAAP-Non-GAAP Reconciliation
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation FY 2022 ($ in thousands) FY 2020 FY 2021 Low High Net loss (21,809) (37,094) (70,700) (66,700) Depreciation and Amortization 10,198 9,440 9,700 9,700 Stock-based Compensation 5,004 5,176 8,200 8,200 Gain on the Extinguishment of Debt - (3,734) - - Interest Expense, ne
Slide 13: - ASPEN|acrogels
- ASPEN|acrogels