Pioneer Power Solutions, Inc. · NASDAQ:PPSI
Pioneer Power Solutions — Investor Presentation (March 2017)
20 slides from Pioneer Power Solutions's investor presentation, March 2017
Slide 1: Pioneer Power Solutions Investor Presentation
Pioneer Power Solutions, Inc. Investor Presentation ©2017 Pioneer Power Solutions, Inc. March 2017
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "
Slide 3: Company Snapshot
Company Snapshot A diversified manufacturer of highly customized electrical equipment Focus on niche applications and service within large, growing market segments for power equipment – Utility, Industrial, Commercial – Backup power and distributed generation Balanced mix of revenue streams – Pr
Slide 4: Large and Diverse End Markets
Large and Diverse End Markets High Growth Cyclical Growth GDP Growth Wind, solar, biomass Office buildings, shopping Office, government and Battery charging centers, airports, hospitals, apartment buildings Data centers government/municipal Outdoor lighting Drive systems Outdoor ligh
Slide 5: Our Business Segments
Our Business Segments 2016 Revenue: $114.4 million Transformers Equipment 85% 55% T&D 16% Critical Power 84% 45% 15% Recurring Switchgear Service Based on results as of December 31, 2016 Based on results as of December 31, 2016 Transmission & Distribution Solutions Critical Power Solutions Equipme
Slide 6: Products & Services Profile
Products & Services Profile Enabling safe and efficient delivery of power via a diverse portfolio of offerings Low Voltage Medium Voltage Liquid- Switchgear & Generator Segment/Product Low & Medium Distribution & OEM Filled Generator Sales & Service Category Voltage Switchgear Transformers Transform
Slide 7: Pioneer's Position in the Electrical Grid
Pioneer’s Position in the Electrical Grid GENERATION TRANSMISSION DISTRIBUTION Power Transformers Transmission Power Substation Distribution Station Substation Distribution / Control Equipment Solar Liquid Filled Transformers Wind Farm Industrial/Utility Switchgear T&D Segment Medium and Low Voltage
Slide 8: Customers
Customers Strong customer retention rate of ~85% for 2016 Revenue Distribution Utilities 2016 Revenue: $114.4 Million Industrial 24% Utilities Distributors and EPC Firms Commercial and OEM 40% 38% Commercial and Industrial EPC Firms and Distributors -8-
Slide 9: Investment Highlights
Investment Highlights Attractive portfolio of highly engineered niche products Serving multiple large addressable markets Leveraged to growing parts of the economy – Positive Secular Trends – grid infrastructure, data centers, alternative energy, electric vehicles, energy storage, high-speed r
Slide 10: Industry Size and Structure
Industry Size and Structure Service Life of the U.S. Electrical Infrastructure (a) Large and Growing North American Market Aging Power Grid 42% 50% – Built more than a half century ago – Nearly a majority of T&D infrastructure is near or past its useful service life Demand for reliable power 5
Slide 11: Growth Strategy
Growth Strategy 1 EXPAND PRODUCT / SERVICE OFFERINGS • Continued migration towards more highly engineered power distribution solutions • Maximize sales productivity across portfolio 2 DERIVATIVE PLAY Targeting: Serving as a business enabler and critical component provider for fast-growing energy sto
Slide 12: Financial Overview
Vad PIONEER POWER SOLUTIONS Financial Overview
Slide 13: Summary Financial Position
Summary Financial Position ($ millions) 12/31/2016 12/31/2015 Cash & cash equivalents $0.2 $0.6 Current Assets $46.6 $35.0 Long-term Assets $31.0 $31.8 Total Assets $77.5 $66.9 Current liabilities $43.4 $38.1 Long-term debt, net of current maturities $4.0 $0.02 Total liabilities $50.8 $39.5 Total sh
Slide 14: Summary Operating Statement Data
Summary Operating Statement Data ($ millions, except per share data) Revenue (a) Gross Profit (% growth) $123.5 (as a % of revenue) $24.9 $114.4 $106.5 $21.8 $21.1 $88.2 $92.2 $18.9 $18.2 $84.0 24.7% 22.6% 21.8% 19.8% +16% 19.7% +22% +8% +5% +7% +5% 2012 2013 2014 2015 2016 2017E 2012 2013 2014 2015
Slide 15: 2017 Guidance and Growth Drivers
2017 Guidance and Growth Drivers 2017 Guidance Revenue between $120 and $127 million Net income between $3.5 and $4.1 million Diluted EPS between $0.40 and $0.47 based on 8.7 million shares This reflects non-GAAP results of: Adjusted EBITDA of $10.0 million to $11.0 million Non-GAAP EPS be
Slide 16: Contact Us
Contact Us Corporate Headquarters: Investor Relations: Pioneer Power Solutions, Inc. Brett Maas 400 Kelby Street, 12th Floor Managing Partner Fort Lee, NJ 07024 Hayden IR, LLC (T) 212.867.0700 (T) 646.536.7331 (F) 212.867.1325 [email protected] www.pioneerpowersolutions.com www.haydenir.com - 16 -
Slide 17: Questions & Answers
Questions & Answers
Slide 18: Supplemental Financial Schedules
Supplemental Financial Schedules
Slide 19: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures (In thousands, except per share data) Three Months ended Year Ended December 31, December 31, 2016 2015 2016 2015 Reconciliation to Adjusted EBITDA and EPS Net earnings (loss) (GAAP measure) (1,654) (1,288) (569) (5,882) Interest expense 585 242 1,736 748 Income t
Slide 20: Key Market & Ownership Statistics
Key Market & Ownership Statistics Market Information Stock Trading History Ticker Symbol (NASDAQ): PPSI Recent Closing Price (3/6/2017): $7.35 Shares Outstanding (M): 8.7 Market Capitalization ($M): $63.9 Freely Traded Float (M): 3.4 Valuation Measures Major Shareholder Ownership Information Enterpr
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