Aspen Aerogels, Inc. · NYSE:ASPN
Aspen Aerogels — Q1 2022 Earnings Presentation
13 slides from Aspen Aerogels's earnings presentation, Apr 28, 2022
Slide 1: Aspen Aerogels Q1 2022 Financial Results Call
April 28, 2022 ASPEN AEROGELS Q 1 2 0 2 2 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 contains statements that constitute “forward‐looking statements” under the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “plan,” “potential,”
Slide 3: Disclaimer on Forward Looking Statements
Disclaimer on Forward Looking Statements The presentation contains information regarding certain financial targets with respect to the Company. Such financial targets constitutes forward looking information and is for illustrative purposes only and should not be relied upon as necessarily being indi
Slide 4: Q1 2022 Developments
Q1 2022 Developments Delivering growth across all markets, with GM awarding Aspen for it’s LAUNCH EXCELLENCE on recent programs. Q1 2022 Highlights Commercial Highlights • 37% YoY Revenue Growth • Received the OVERDRIVE AWARD as part of GM’s 30th • 22% QoQ Revenue Growth Annual Supplier of the Year
Slide 5: Reaffirming the Long-Range Plan (LRP) Targets
Reaffirming the Long-Range Plan (LRP) Targets A two-stage view of target revenue growth from awarded programs drives focus on near-term capacity investments. INVESTING IN ADDITIONAL CAPACITY… …TO FULFILL AWARDED PROGRAMS Upfront capacity investments in Stage 1 support additional growth of Stage 2… …
Slide 6: Addressing Graphite's and Silicon's Limitations
Addressing Graphite’s and Silicon’s Limitations Graphite can’t store enough energy without a blend of silicon, the incompatibility of these materials drives degradation. Cracking Silicon in Graphite The Industry’s Response And solid electrolyte interface (SEI) formation are the leading ABM is focuse
Slide 7: Earning our Right to Play and Win Inside the Battery
Earning our Right to Play and Win Inside the Battery Practical approach focused on material and process development coupled with cell level validation and clear timelines Material Development Product Targets and Current Development Status • Nanomorphology derived mechanical and Energy Density and Ma
Slide 8: Q1 2022 Financial Highlights
Q1 2022 Financial Highlights 37% YoY revenue growth driven by strong demand across all markets and higher than expected thermal barrier volumes. $ in millions except EPS, unless noted Q1 2021 Q1 20221 2022 Outlook1 Commentary Q1 2022 Launch Highlights Accelerating Pyrothin volumes REVENUES $28.1 $38
Slide 9: 2022 Stakeholder Prioritization Initiatives
2022 Stakeholder Prioritization Initiatives Standards for Construction Materials and Automotive Parts guide our implementation of ESG initiatives PRIORITY ALIGNMENT RECENT INITIATIVES 2022 ACTION PLAN Environment • Engaged external support for ESG • Sustainable products assessment, strategy and repo
Slide 10: Our Strategy to Create Stakeholder Value
Our Strategy to Create Stakeholder Value Leveraging our platform in markets with favorable dynamics while focusing on doing the right things well creates value WHO WE ARE WHAT WE DO CREATES VALUE PROPRIETARY AEROGEL TM OPTIMIZE AND EXPAND OUR PLATFORM Peers’ 1 Revenue Growth / EBITDA Margins 2 side
Slide 11: Appendix
Appendix GAAP-Non-GAAP Reconciliation
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation FY 2022 ($ in thousands) Q1 2021 Q1 2022 Low High Net loss (6,250) (19,484) (70,700) (66,700) Depreciation and Amortization 2,638 2,129 9,700 9,700 Stock-based Compensation 976 1,828 8,200 8,200 Interest Expense, net 75 860 6,800 6,800 Adjusted EBITDA (2,561) (14,667)
Slide 13: - ASPEN|acrogels
- ASPEN|acrogels