Slide 1: Second Quarter 2021 Earnings Call
OTCQX: TGEN SECOND QUARTER 2021 EARNINGS CALL AUGUST 12, 2021 1
Slide 2: Management
MANAGEMENT Benjamin Locke - CEO Robert Panora – COO and President Abinand Rangesh – CFO Jack Whiting – General Counsel & Secretary 2
Slide 3: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and accompanying documents contain “forward-looking statements” which may describe strategies, goals, outlooks or other non- historical matters, or projected revenues, income, returns or other financial measures, that may include words such as "believe," "expe
Slide 4: Agenda
AGENDA Tecogen Overview 2Q 2021 Results Earnings Takeaways Q&A 4
Slide 5: Providing resiliency and energy savings with a cleaner environmental footprint
3,000+ Units Shipped Providing resiliency and energy savings with a cleaner environmental footprint 5
Slide 6: Distributed Generation, Emissions, Clean Cooling
DISTRIBUTED EMISSIONS GENERATION Near zero NOx and CO 3 rd in number of emissions systems for microgrids installed in gasoline, propane and North America natural gas engines CLEAN COOLING Chillers with lower operating cost and lower greenhouse gas footprint compared to an equivalent electric chiller
Slide 7: Facts About Us
FACTS ABOUT US 97,143 3,000+ 1,968,913,337 52,156,171 METRIC TONS OF CO2 DISTRIBUTED KWH GENERATED PRODUCT RUN SAVED GENERATION AND HOURS CHILLERS SHIPPED 7
Slide 8: Revenue Segments
REVENUE SEGMENTS PRODUCT SALES SERVICES Sales of combined heat and We service most purchased power, and clean cooling Tecogen equipment in operation systems to building owners. through long term maintenance Key market segments include agreements through 11 service multifamily residential, health CLE
Slide 9: 2Q 2021 Results
2Q 2021 RESULTS Highlights $ in thousands 2Q'21 2Q'20 YoY Change % Revenue • Net income of $0.09/share H1 2021 Products $ 2,446 $ 3,786 $ (1,340) • Net income of $0.02/share 2Q 2021 Service 3,328 3,373 (44) • Cash and equivalents balance of $3.2 million Energy Production 371 276 95 Total Revenue 6,1
Slide 10: 2Q 2021 Adjusted EBITDA Reconciliation
2Q 2021 ADJUSTED EBITDA RECONCILIATION EBITDA: Earnings Before Interest, Taxes, Depreciation Non-GAAP financial disclosure (in thousands) 2Q 2021 2Q 2020 & Amortization Net income (loss) attributable to Tecogen Inc. $ 400 $ (654) EBITDA favorably impacted by Employee Interest expense, net 6 56 Reten
Slide 11: Performance by Segment
PERFORMANCE BY SEGMENT 2Q Revenue ($ thousands) 2021 2020 YoY Growth Revenue Cogeneration $ 1,050 $ 3,108 -66% Chiller 1,089 235 364% Product revenue decreased 35% QoQ Engineered accessories 307 443 -31% • Cogeneration sales impacted by COVID-19 Total Product Revenue 2,446 3,786 -35% • Chiller sales
Slide 12: 2Q 2021 Earnings Takeaways
2Q 2021 EARNINGS TAKEAWAYS Backlog by Customer Type Business Segments Recovering from COVID Challenges Multi-Family • Product sales down; Product backlog increased 12% from year end Residential • Service contracts revenue increased 26% QoQ despite COVID 22% setbacks. • Energy production revenues are
Slide 13: Pathway to Growth
PATHWAY TO GROWTH Clean Microgrids using CHP in combination with other 2021 TO energy technologies including solar and battery 2023 Continued licensing of Ultera emissions system to engine manufacturers. We expect to see the release of the first EPA certified near zero emissions fork truck engine wi
Slide 14: Q&A, Company Information, Contact information
Q&A Company Information Tecogen, Inc 45 First Ave Waltham, MA 02451 www.Tecogen.com Contact information Benjamin Locke, CEO 781.466.6402 Benjamin.Locke@Tecogen.com 14