Babcock & Wilcox Enterprises, Inc. · NYSE:BW

Babcock & Wilcox Enterprises — Investor Presentation (May 2023)

34 slides from Babcock & Wilcox Enterprises's investor presentation, May 10, 2023

  1. Slide 1: Company Overview

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. M A Y 1 0 , 2 0 2 3 COMPANY OVERVIEW

  2. Slide 2: Safe Harbor Statement

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 S A F E H A R B O R S TAT E M E N T B&W Enterprises cautions that this presentation contains forward-looking statements within the meaning of federal securities laws. All stat

  3. Slide 3: We're a Global Energy Leader Creating a Brighter Future

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 3 W E ’ R E A G L O B A L E N E R G Y L E A D E R C R E AT I N G A B R I G H T E R F U T U R E OUR PROVEN, BEST-IN-CLASS POWER PRODUCTION TECHNOLOGIES SUPPORT THE CREATION OF A

  4. Slide 4: We're Helping Customers Create Clean and Reliable Energy

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 4 W E ’ R E H E L P I N G C U S TO M E R S C R E AT E C L E A N A N D R E L I A B L E E N E R G Y SUPPORTING A CIRCULAR ECONOMY Ecologically sound ways of using and recycling re

  5. Slide 5: The Foundation of Our Company

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 5 T H E F O U N D AT I O N O F O U R C O M PA N Y Our Vision: Advancing energy and environmental solutions that bring power and progress to our world. Our Mission: B&W delivers

  6. Slide 6: We're Leading and Driving Clean Power Solutions

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 6 W E ’ R E L EA D I N G A N D D R I V I N G C L EA N P OW E R S O LU T I O N S B&W SUPPORTS GLOBAL TRENDS DRIVING THE NEED FOR SUSTAINABLE ENERGY CONVERSION SOLUTIONS U.S. Infl

  7. Slide 7: We're Driving Growth, Innovation and Expansion

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 7 W E ’ R E D R I V I N G G R O W T H , I N N O VAT I O N A N D E X PA N S I O N CORE GROWTH STRATEGIES FOCUSED ON DRIVING INNOVATIVE ENVIRONMENTAL, RENEWABLE AND ENERGY TRANSIT

  8. Slide 8: We're Leveraging a Vast Installed Base and Proven Technologies

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 8 W E ' R E L E V E R A G I N G A VA S T I N S TA L L E D B A S E A N D P R O V E N T E C H N O L O G I E S More than 500 waste-to-energy and biomass-to-energy units at 300+ fac

  9. Slide 9: Corporate Snapshot

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 9 CORPORATE SNAPSHOT B A B C O C K & W I L C OX P R O F I L E Notes: All charts based on LTM March 31, 2023 revenues, unless otherwise noted. 1. Backlog does not include shorter

  10. Slide 10: A Solid Pipeline of Global Opportunities

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 0 60-70% 10-15% 15-25% PIPELINE REVENUE SPLIT 2023-2025 A S O L I D P I P E L I N E O F G L O B A L O P P O R T U N I T I E S Manufacturing Service Facilities Construction Sal

  11. Slide 11: BrightLoop Hydrogen Production

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 1 B R I G H T L O O P H Y D R O G E N P R O D U C T I O N SOLID ADVANTAGES: • Hydrogen from solid fuels – can utilize a variety of solid or gaseous fuels as feedstock • High r

  12. Slide 12: BrightLoop Hydrogen Production Progress

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 2 B R I G H T L O O P H Y D R O G E N P R O D U C T I O N P R O G R E S S BRIGHTLOOP EVOLUTION 1994 - 2004 2008 2014 2025 2028 TM Sub-Pilot with The Ohio State University and

  13. Slide 13: Global Leader in Clean Power Production Technologies: ClimateBright Suite

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 3 G L O B A L L E A D E R I N C L E A N P O W E R P R O D U C T I O N T E C H N O L O G I E S — O U R C L I M AT E B R I G H T ™ S U I T E • B&W is at the forefront of develop

  14. Slide 14: Global Leader in Comprehensive Waste-to-Energy Solutions

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 4 G L O B A L L E A D E R I N C O M P R E H E N S I V E WA S T E - TO- E N E R G Y S O L U T I O N S FIELD SERVICES COMPONENT & SYSTEM UPGRADES CONTROL SYSTEMS REPLACEMENT & S

  15. Slide 15: Bioenergy with Carbon Capture and Sequestration (BECCS)

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 5 B I O E N E R G Y W I T H C A R B O N C A P T U R E A N D S E Q U E S T R AT I O N ( B E C C S ) OxyBright with B&W’s biomass-fired BFB boiler produces carbon negative elect

  16. Slide 16: B&W's Waste-to-Energy Technology Reduces Methane Emissions

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 6 B & W ’ S WA S T E - TO- E N E R G Y T E C H N O L O G Y R E D U C E S M E T H A N E E M I S S I O N S • Methane has 84 times the Global Warming Potential (GWP) of CO2 i • A

  17. Slide 17: Financial Information

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 7 F I N A N C I A L I N F O R M AT I O N

  18. Slide 18: Consolidated Financial Summary

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 8 C O N S O L I D AT E D F I N A N C I A L S U M M A R Y ($ in millions) Twelve Months Ended March 31, 2023 Twelve Months Ended December 31, 2022 Twelve Months Ended December

  19. Slide 19: Capital Structure

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 1 9 C A P I TA L S T R U C T U R E ($ in millions) As of March 31, 2023 CAPITALIZATION: Total Debt $ 351.7 Cash, cash equivalents and restricted cash 91.1 Net Debt $ 260.6 TOTAL

  20. Slide 20: Appendix

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 0 A P P E N D I X

  21. Slide 21: Leadership Team

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 1 L E A D E R S H I P T E A M Chairman and Chief Executive Officer Kenny Young Executive Vice President and Chief Financial Officer Lou Salamone Executive Vice President and C

  22. Slide 22: Corporate Governance

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 2 C O R P O R AT E G O V E R N A N C E Joseph Tato Rebecca Stahl Chairman and Chief Executive Officer Kenny Young Henry Bartoli B O A R D O F D I R E C T O R S Alan Howe Phili

  23. Slide 23: Adjusted EBITDA Reconciliation

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 3 A D J U S T E D E B I T D A R E C O N C I L I AT I O N (1) ($ in millions) Twelve Months Ended March 31, 2023 (4) Twelve Months Ended December 31, 2022 (3) Twelve Months End

  24. Slide 24: Key Technologies and Capabilities

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 4 K E Y T E C H N O LO G I E S A N D C A PA B I L I T I E S

  25. Slide 25: Key Technologies: Steam Generation

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 5 K E Y T E C H N O L O G I E S : S T E A M G E N E R AT I O N Utility Boilers High pressure, high efficiency, high capacity, low emissions Fuel: Coal, oil, natural gas, multi

  26. Slide 26: Key Technologies: Renewable Combustion Grates

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 6 K E Y T E C H N O L O G I E S : R E N E WA B L E C O M B U S T I O N G R AT E S • Large installed base with diverse set of customers • Grate design allows for high availabil

  27. Slide 27: Key Technologies: Emissions Controls

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 7 K E Y T E C H N O L O G I E S : E M I S S I O N S C O N T R O L S • Wet ESPs • Dry Sorbent Injection (DSI) SO3 / Acid Mist Control PURPOSE TECHNOLOGY SOLUTION Particulate Co

  28. Slide 28: Key Technologies: Flue Gas Treatment for Carbon Capture

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 8 K E Y T E C H N O L O G I E S : F L U E G A S T R E AT M E N T F O R C A R B O N C A P T U R E • To optimize carbon capture on solvent-based scrubbing technologies, reductio

  29. Slide 29: Key Technologies: Submerged Grind Conveyor Ash Handling

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 2 9 K E Y T E C H N O L O G I E S : S U B M E R G E D G R I N D C O N V E YO R A S H H A N D L I N G • Lower equipment cost • Lower installation cost • Ability to utilize existi

  30. Slide 30: Key Technologies: Cooling Systems

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 3 0 K E Y T E C H N O L O G I E S : C O O L I N G S Y S T E M S MATERIAL OPTIONS: WOOD | CONCRETE | FIBER-REINFORCED POLYMER (FRP) NATURAL DRAFT/HYPERBOLIC Fanless design provid

  31. Slide 31: Key Capabilities: Global Parts & Service

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 3 1 K E Y C A PA B I L I T I E S : G L O B A L PA R T S & S E R V I C E Adding value through constructability: Safe execution of new installation, retrofits, system maintenance/

  32. Slide 32: Key Technologies: Ignitors, Flame Scanners and Controls

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 3 2 K E Y T E C H N O L O G I E S : I G N I TO R S , F L A M E S C A N N E R S A N D C O N T R O L S • Natural gas conversions from oil- or coal-firing • Alternative energy fuel

  33. Slide 33: Key Capabilities: Solar Installation

    © 2023 Babcock & Wilcox Enterprises, Inc. All rights reserved. B A B C O C K & W I L C O X E N T E R P R I S E S , I N C . 3 3 K E Y C A PA B I L I T I E S : S O L A R I N S TA L L AT I O N ENGINEERING AND PROCUREMENT • Project Cost Analysis • Grid Integration and Interconnection • Technical Evaluat

  34. Slide 34: Slide 34

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