Slide 1: Q1 2025 Earnings Call
NYSE AMERICAN: TGEN EARNINGS CALL MAY 13, 2025 Q1 2025 1
Slide 2: Management
MANAGEMENT Abinand Rangesh – CEO Robert Panora – COO & President Roger Deschenes – CAO 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 Updates NYSE American uplist Data Centers & Vertiv relationship Tariffs Financials Q1 2025 Q&A 4
Slide 5: TGEN Now on NYSE American
TGEN NOW ON NYSE AMERICAN Tecogen successfully uplisted from OTCQX to NYSE American Uplisting has increased liquidity and visibility for the company Improves our ability to hire and retain talent critical to growth 5
Slide 6: Recap on Tecogen's Data Center Solution
RECAP ON TECOGEN’S DATA CENTER SOLUTION Power Needs of AI Data Center Up to 30% of a data center’s available electrical power may need to be allocated to cooling This power is then not available to the data center for computing Cooling Computing is the revenue source for a data center Computing Anci
Slide 7: Tecochill Compared to Alternatives
TECOCHILL COMPARED TO ALTERNATIVES Tecochill is 2x more efficient than Cost of nearest other gas cooling Operation Electric Chillers technology Gas Absorption Chillers Gas Absorption chillers Subject to TARIFFS predominantly manufactured overseas and subject to tariffs Tecochill can save 50% or more
Slide 8: Data Center Strategy Updates
DATA CENTER STRATEGY UPDATES Starting to see interest from larger projects Including projects larger than ever before Reducing power constraints quickly is now more critical – Tecochill helps do that Working with customers to reduce perceived technology risk Timing on order closing difficult to pred
Slide 9: Limited Impact of Tariffs
LIMITED IMPACT OF TARIFFS Predominantly domestic supply chain Limited to no tariff impacts for the DTx and STx chillers for data centers Impacted components are circuit boards and electronic components but immaterial to overall product costs Permanent magnet generators for InVerde may see some impac
Slide 10: Backlog and Cash
BACKLOG AND CASH Backlog by Customer Type LVCC Prepaid Backlog is presently $10.8m. Service Multi-Family 19% Residential 12% Additional >$2m of projects expected to enter backlog during Q2 Controlled Environment Agriculture 15% Cash position $4m at quarter end and $3m presently Increased working cap
Slide 11: 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 12: 1Q 2025 Results
1Q 2025 RESULTS $ in thousands 1Q'25 1Q'24 QoQ Change % Revenue Products $ 2,534 $ 1,492 $ 1,042 Key Points Services 4,245 4,014 231 • Revenue = $7.3 million up 18% Energy Production 499 680 (181) Total Revenue 7,278 6,186 1,092 17.6% • Net loss of $0.03/share Q1 2025 Gross Profit Products 1,046 443
Slide 13: 1Q 2025 Adjusted EBITDA Reconciliation
1Q 2025 ADJUSTED EBITDA RECONCILIATION EBITDA: Earnings Before Interest, Taxes, Quarter Ended March 31, Depreciation & Amortization Non-GAAP financial disclosure (in thousands) 2025 2024 Net income (loss) attributable to Tecogen Inc. $ (660) $ (1,105) • EBITDA and adjusted EBITDA loss was Interest e
Slide 14: 1Q 25 Performance by Segment
1Q 25 PERFORMANCE BY SEGMENT 1Q Revenues and COGS ($ thousands) 2025 2024 YoY Growth Revenues Products revenue increased 70% QoQ Cogeneration $ 1,081 $ 775 39% • Gross margin up QoQ Chiller 1,374 657 109% Engineered accessories 79 60 32% Total Product Revenues 2,534 1,492 70% Services revenue increa
Slide 15: Summary and Q&A
SUMMARY AND Q&A Company Information Uplisted to NYSE American Tecogen, Inc Significant headway into data center 76 Treble Cove Road, Building 1 market North Billerica MA 01862 Getting interest from larger projects www.Tecogen.com Vertiv starting to ramp up Contact information Abinand Rangesh, CEO 78