Pioneer Power Solutions, Inc. · NASDAQ:PPSI
Pioneer Power Solutions — Investor Presentation (August 2023)
19 slides from Pioneer Power Solutions's investor presentation, August 2023
Slide 1: Pioneer Power Solutions, Inc. Investor Presentation
PIONEER POWER SOLUTIONS, INC. NASDAQ: PPSI Investor Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predict
Slide 3: Business Overview
E-Bloc Business Overview Pioneer Power Solutions: ◦ Trusted leader in advanced power solutions ◦ Serving data centers, water utilities, EV charging infrastructure, electrical utilities, commercial retailers, municipalities Product Lineup: ◦ Innovative "E-Bloc" and "e-Boost" systems ◦ Designed and ma
Slide 4: Building Success: Our Strategic Advantages
Building Success: Our Strategic Advantages ◦ >45% YoY revenue growth achieved from 2022-2023 ◦ Clean cap structure ◦ 2023 revenue expected to grow 50%, $42M - $45M vs. 2022, $27M ◦ Profitable, $0.10 EPS in Q4’22, $0.01 EPS in Q1’23 and ~$0.05 in Q2’23 (excluding stock-based compensation expense) ◦ E
Slide 5: Pioneer Power: Diversified Revenue
Pioneer Power: Diversified Revenue 2022 Sales A diversified manufacturer of highly customized electrical equipment focused on the EV charging market $9.6 million Transmission & Distribution (T&D) Power Systems 36% Focused on distributed generation and fixed EV charging $17.4 $27M million ◦ New, E-Bl
Slide 6: E-Bloc
On-Board & Remote Connectivity On-Skid Energy Storage & EV Charging
Slide 7: Energy Sustainability No Longer Optional
Energy Sustainability No Longer Optional Grid independence is key to business resiliency ◦ Modifications to existing electrical systems and infrastructure are expensive and often difficult. ◦ The additional EV load is significant, causing higher utility bills and possibly increased peak demand charg
Slide 8: E-Bloc Milestones
Pioneer Power Announces $12 Million Order from One of the World’s Largest Mass Merchandisers with 63 stores. Order delivered between (6/22 - 3/23) Pioneer provides E-Bloc for southern California Gas company's H2 Hydrogen home project (10/4/21) E-Bloc Pioneer wins $5-Million-plus E-Bloc order from a
Slide 9: e-Boost: The Future of Charging
e-Boost THE FUTURE OF CHARGING
Slide 10: e-Boost Milestones
Serving the casino industry: Pioneer Power Receives $788,000 Order for e- Boost Mobile EV Charging Solution (1/28/22) Pioneer Power Sells Mobile EV Charging Solution e-Boost to truck and bus EV offerings (3/28/22) Pioneer Power’s e-Boost Mobile Solution Selected by Major Automaker to Support Multi-C
Slide 11: The NEVI Project
The NEVI Project ◦ National Electric Vehicle Infrastructure (NEVI) program: Provides incentives and federal grant funding for U.S. companies manufacturing EV-charging stations domestically. ◦ Goal: Establish a national charging network along interstate highways. ◦ NEVI program as a catalyst: Expecte
Slide 12: Global Clean Technology and EV market on the rise
Global Clean Technology and EV market on the rise ◦ Global Clean Technology market size estimated to reach $423.7 billion by 2026. 1 ◦ International Energy Agency investment on track to reach $1.7 trillion in 2023. 2 ◦ U.S. Inflation Reduction Act (2022) dedicates $370 billion to clean energy transi
Slide 13: Gas and Diesel are on the way out!
Gas and Diesel are on the way out! Gas and Diesel are being OUTLAWED in many states ◦ Seven states now plan to ban sales of gas-powered cars after 2035 ◦ Under a growing multi-state pact, only zero-emission vehicles — including electric vehicles and some plug-in hybrids — can be sold following the 2
Slide 14: Sales Backlog of $33.6M
Backlog $ in millions at quarter end SALES $37.2 $37.0 First two e-Boost Orders $12M E-Bloc $33.6 BACKLOG Order e-Boost launched $27.9 OF $33.6M E-Bloc launched $25.2 $24.0 $22.8 $17.1 AT JUNE $12.7 $10.9 30,2023 Non-cancelable purchase orders expected to be shipped within 12 months 2017 Q1'2021 Q2'
Slide 15: Execution Challenges
Execution Challenges o Reconfiguring our L.A. facility to expand production and meet robust demand o E-Bloc exhibits seamless supply chain operations o Pioneer efficiently manages the procurement of engines for e-Boost through proactive decision-making and advanced purchasing strategies, thereby ens
Slide 16: Revenue Growth and Margin Expansion
Revenue Growth and Margin Expansion $14 50% Q2’23 Q2’22 $12.1 45% Revenue $12.1 $4.9 $12 Revenue Gross Margin % 40% Gross Profit $2.7 $0.6 $10 $9.5 35% Gross Margin 22.3% 1.3% $8.5 29.0% $ In Millions 30% Total Operating Expenses $3.1 $2.6 $8 26.0% $6.4 $6.3 25% Stock-Comp Expense $0.8 $0.7 $6 22.3%
Slide 17: Strong Cash Position
Strong Cash Position Sufficient cash and no debt • Solid cash position $ in millions 6/30/2023 No debt Cash $9.6 • Sufficiently capitalized Can execute growth initiatives without additional Working Capital $14.1 financing Total Debt $0.0 • $14M in NOLs Shelter future profits 17 Nasdaq: PPSI
Slide 18: The Team
The Team Nathan J. Mazurek, Chairman & CEO Geo Murickan, President, Pioneer Power Mobility – e-Boost ◦ Over 30 years of experience in the electrical equipment and o Over 20 years of energy and technology industry experience components industry o Veteran leader of PPSI in acquisitions, assimilation a
Slide 19: Key Takeaways
Key Takeaways Clean cap table 2023 revenue expected to grow 50%, $42M - $45M vs. 2022, $27M Profitable, $0.10 EPS in Q4’22, $0.01 EPS in Q1’23 and ~$0.05 in Q2’23 (excluding stock-based compensation expense) Expect a full year of net income and generate FCF in 2023 Zero debt $14M+ in NOL
Pioneer Power Solutions — Investor Presentation (August 2023) on 6ix