Kulr Technology Group, Inc. · AMEX:KULR
Kulr Technology — Q2 2024 Earnings Presentation
16 slides from Kulr Technology's earnings presentation, August 2024
Slide 1: KULR Technology Group Q2'2024 Investor Presentation
KULR TECHNOLOGY GROUP, INC. Q2’2024 Investor Presentation Disclaimer Disclaimer Statement | Contents cont ained on these slides are contai n confidential information Statement and are | Contents KULR Technology cont ained Group, on these Inc. propri slides etary. are contai n confidential informatio
Slide 2: Forward Looking Statements
Forward Looking Statements Safe Harbor This presentation and other written or oral statements made from time to time by representatives of KULR Technology Group, Inc. and/or its wholly owned subsidiary KULR Technology Corporation contain “forward-looking statements” within the meaning of Section 27A
Slide 3: Financial and Operational Highlights
Financial and Operational Highlights ▪ Q2’24 Year-Over-Year Growth ▪ Engineering Service Revenue up 76% ▪ Total Customer Increased 53% ▪ Service Revenue Customer Increased 86% ▪ Product Revenue Customer Increased 25% ▪ KULR Texas Update : Center of Excellence for Battery Design and Testing ▪ KULR ON
Slide 4: KULR Texas – Center of Excellence in Battery Design & Testing
KULR Texas – Center of Excellence in Battery Design & Testing Strategic Location close to NASA and Customers
Slide 5: Battery Design and Analysis Capabilities
Battery Design and Analysis Capabilities Custom Batteries KULR ONE Products Industry Experts KULR ONE Space Radiation Tolerant Battery Trigger Cells and ISC-Ds • Designs by engineering team with • 18650/21700 architecture Management System (BMS) • Internal short-circuiting device for space flight ha
Slide 6: Battery Cell and Pack Level Testing Services
Battery Cell and Pack Level Testing Services Abuse Testing Electrical Testing Environment Testing Small Fractional Thermal Runaway Cell Level Abuse Testing Gas Analysis WI-37A Screening Thermal Vacuum Calorimetry • Temperature measurement • Equipped to take samples • Mass and dimensional (2025 K1-TS
Slide 7: Battery Pack Production and Engineering Services
Battery Pack Production and Engineering Services Fabrication and Assembly Capabilities Precision Machining Laser Cutting Clean Room Availability • 4-Axis CNC capable of • CO2 Laser capable of • KULR maintains a clean regular building materials cutting up to 0.5”thick room for assembly and • 3-Axis C
Slide 8: Why KULR ONE Space and Why Now?
Why KULR ONE Space and Why Now? ▪ Overall space economy to $1.8T by 2035 (McKinsey & Company) ▪ Space battery market by Virtue Market Research estimated at $3.67B in 2022 with expected growth to $6.35B by 2030. ▪ Key Growth Drivers: ▪ Rapid growth of private space companies ▪ Continued growth over t
Slide 9: KULR ONE Space Batteries
KULR ONE Space Batteries KULR’s engineering team specializes in battery design services to deliver efficient and reliable power solutions for your unique requirements. Specifically, our team specializes in development of battery packs designed to mitigate the effects of thermal runaway and to preven
Slide 10: KULR VIBE for Server and Industrial Fans
KULR VIBE for Server and Industrial Fans Instant Thermal Boost ▪ No changes, no added hw cost, same suppliers AI / Server Transition ▪ AI is Coming Fast, 1KW GPUs, Blackwell ▪ liquid cooling is coming slow. Infrastructure transition ▪ Avoid throttling under max load conditions HOW? Completely Remove
Slide 11: Key Growth KPI's are Up
Key Growth KPI’s are Up Total Revenue $8,000,000 Product Revenue Service Revenue $12,000,000 $7,000,000 $3,500,000 $10,000,000 $6,000,000 $3,000,000 Up 307% Up 362% Up 219% $8,000,000 $5,000,000 $2,500,000 $6,000,000 $4,000,000 $2,000,000 $3,000,000 $1,500,000 $4,000,000 $2,000,000 $1,000,000 $2,000
Slide 12: Using Less Cash
Using Less Cash Net cash used in Operating Activities 6 Months Ending June, $10,000,000 $9,800,000 Down 7% $9,600,000 $9,400,000 $9,200,000 $9,000,000 $8,800,000 2023 2024 Net cash used in Investing Activities Net Cash used in Operating+Investing Activities 6 Months Ending June, $1,000,000 $11,000,0
Slide 13: Revenue Growth Continues
Revenue Growth Continues TTM Revenue Revenue $12,000,000 $3,000,000 $10,000,000 $2,500,000 Up 39% $8,000,000 Up 894% $2,000,000 $6,000,000 $1,500,000 $4,000,000 $1,000,000 $2,000,000 $500,000 $0 $0 2024Q1 2024Q2 13
Slide 14: Balance Sheet is Stronger and More Stable
Balance Sheet is Stronger and More Stable Cash+AR Total Liabilities (Quarter Ending) (at quarter ending) $3,500,000 $14,000,000 $3,000,000 $12,000,000 Cash + AR up 40% Liabilities down 42% $2,500,000 $10,000,000 $2,000,000 $8,000,000 $1,500,000 $6,000,000 $1,000,000 $4,000,000 $500,000 $2,000,000 $0
Slide 15: Q2'24 Financial Summary
Q2’24 Financial Summary YoY Summary TTM Revenue $12,000,000 $10,000,000 Up 894% $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 2024Q2 Highlights Revenue • YA SEPA terminated $12,000,000 • Service revenue grew 76% - can foreshadow Product revenue $10,000,000 • Gross margin 21% (24Q2) v. 37% (23Q2)–an
Slide 16: Thank You!
Q&A Thank You! KULR
KULR Technology Group — Q2 2024 Earnings Presentation on 6ix