Aspen Aerogels, Inc. · NYSE:ASPN
Aspen Aerogels — Q2 2025 Earnings Presentation
11 slides from Aspen Aerogels's earnings presentation, Aug 7, 2025
Slide 1: Aspen Aerogels Q2 2025 Financial Results Call
August 7, 2025 ASPEN AEROGELS Q 2 2 0 2 5 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 and any related discussion contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to be materially different from
Slide 3: H2 2025 Cost Structure Positioning
H2 2025 Cost Structure Positioning By reducing our fixed costs, we’re driving improved financial performance in the second half of the year Fixed cost structure is already on track to meet or exceed the … creating a path to ~2X the Adj. targets presented during the last quarter… EBITDA on similar re
Slide 4: Q2 2025 Financial Highlights
Q2 2025 Financial Highlights Disciplined cost structure management to enable operating leverage and drive near-term profitability $ in millions except EPS Q1 20251 Q2 20251 YTD 20251 YTD 2024 Commentary • $55.2M of Thermal Barrier revenues in Q2 25 represents a Revenues $78.7 $78.0 $156.7 $212.3 13%
Slide 5: 2025 Outlook and Historical Trends
2025 Outlook and Historical Trends Cost structure actions driving improved Adjusted EBITDA in H2 2025; lower CAPEX expected in the second half of the year 2025 Outlook2 Historical Financial Trajectory1 $ in millions, except per share figures H1 Actuals1 H2 Outlook FY Outlook Revenues Thermal Barrier
Slide 6: Summary
Summary Earning our right to win by leveraging the Aerogel Technology Platform®, executing, and investing to grow profitably The Road to Creating Near Term Value DEMONSTRATED OPERATING EXECUTION Fixed cost reductions drove ~2X improvement in Adjusted EBITDA quarter-over-quarter at similar revenue ru
Slide 7: Appendix
Appendix 6 Aspen Aerogels | Q2 2025 Financial Results Call | August 7, 2025
Slide 8: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted Net Income (Loss) & EPS Reconciliation 2025 2025 2025 ($ in millions) Q1 Q2 H1 Net Income (Loss) (301.2) (9.1) (310.3) Impairment of PP&E 286.6 1.0 287.6 Restructuring and Demobilization Costs 9.8 4.9 14.7 Adjusted Net Income (Loss) (4.8) (3.2) (8.0) Weighte
Slide 9: US EV Sales Market Share
US EV Sales Market Share While US EV penetration remains suppressed after strong H2 2024, General Motors is gaining EV market share United States Electric Vehicle Sales Percentages 18 16.4% 16.9% 15.7% 15.5% 16 14 13.3% 12.4% 12.2% 12 10.7% 10.8% 9.9% 9.9% 10 % BEV 8.9% 8.6% 8.8% 8.7% 8.2% 8.2% 7.7%
Slide 10: Demand Overview - GM IHS EV Forecast
Demand Overview - GM IHS EV Forecast ~241k units expected in 2025; long-term forecast reduced due to changing regulatory & incentive environment Strong Q3 expected with subsequent 18 nameplates in 2026; Equinox Production expected to decrease decreases in Q4 ’25 / Q1 ‘26 represents ~24% of total vol
Slide 11: "aspen lae rogels
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