The Peck — iSun — Investor Presentation (August 2021)
26 slides from The Peck's investor presentation, Aug 16, 2021
Slide 1: iSun Q3 2021
Nasdaq: ISUN www.isunenergy.com Q3 2021
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of1995. These forward-looking statements include, but are not limited to, statements about (i) iSun’s plans, objectives, expectations and intentions and other statements contained
Slide 3: US Solar Market
US Solar Market “The electrification of almost everything is coming, and we’re just not ready for it.”Wall Street Journal, May 21, 2021 By 2031, the U.S. must install more solar annually than has what been installed cumulatively through 2020.1 Automotive electrification and a retreat from coal and f
Slide 4: History repeats itself
History repeats itself https://www.modernpowersystems.com/features/featureamory-lovins-and-the-soft-path-40-years-on-5652985/ Spot the car Spot the horse 1900Easter: NYC 5th Ave Source: US National Archives Source: George Grantham Bain Collection 1913Easter: NYC 5th Ave
Slide 5: Why iSun
Why iSunFor 50 years, iSun has enabled the important transitions of our world by accelerating the adoption of proven, technological innovations that improve our lives. “Today, iSun believes that clean, renewable, solar energy is the most important investment we can make. We are driven to use our cap
Slide 6: Positioned to Accelerate
Positioned to AccelerateiSun has unmatched experience and capabilities to develop and construct solar projects across all solar market sectors and expects that electric vehicle adoption will be a gateway to accelerating the renewable energy transition in each solar market sector. RESIDENTIAL SOLAREV
Slide 7: Capabilities Add Value
Capabilities Add ValueiSun is the only publicly listed Solar Engineering, Procurement and Construction (EPC) contractor with capabilities across the entire solar scale continuum, including solar EV charging. RESIDENTIAL SOLARSolar, storage, service, smart home COMMERCIAL SOLARSolar, electrical, data
Slide 8: Connections Accelerate Growth
Connections Accelerate GrowthiSun’s ability to connect the optimal attributes from one market sector into other market sectors is a key value proposition that accelerates growth across all market sectors. Owning the residential customer relationship offers multiple sales opportunities over yearslowe
Slide 9: Growth Strategy
Growth Strategy iSun’s three-pronged growth strategy leverages the multiple connections across market sectors and de-risks the entry into new markets – any one market sector opens the door to other market sectors 2021Presence States with existing projects under contract provide rationale for near- t
Slide 10: Growth Tactics
Growth TacticsiSun takes a rational approach to growth with its three-pronged strategy in each market sector. Organic Growth M&A and Strategic Investments Solar Energy Asset Ownership >Super-regional: East Coast expansion>Outbound sales and marketing + referrals for low customer acquisition cost and
Slide 11: Residential & Commercial
Residential & CommercialiSun has installed nearly 3,000 residential solar projects since 2012 and is executing a platform roll-up strategy to create a market leader; iSun Residential. 2021 M&A Targets$75MResidential & Commercial Revenue from Targets75MWTotal Residential Systems Installed by Targets7
Slide 12: iSun Residential project examples
iSun Residential project examples
Slide 13: iSun Commercial project examples
iSun Commercial project examples
Slide 14: Industrial & Municipal
Industrial & MunicipaliSun has served its industrial and municipal solar, data and electric EPC customers for decades by consistently delivering value and results for large, complex projects. $40MEst. iSun, Inc. Revenue Solar, Data, Electric200MWTotal iSun, Inc. Solar Systems Installed$76.8MCurrent
Slide 15: iSun Industrial & Municipal project examples
iSun Industrial & Municipal project examples
Slide 16: Utility
UtilityiSun Utility delivers solar development and construction services to asset owners and developers, and also targets “build-operate-transfer” projects directly for utilities $69BUtility project opportunity 213MWTotal Utility Systems Installed via OCS Acquisition5GW Projects under reviewiSun Uti
Slide 17: Utility Case Study
Utility Case Study<30 days after launch, iSun Utility closed agreements on 118 megawatt Bishop Portfolio, financed by Israeli public companies Alon Gas and Modiin; portfolio originally developed by Fusion Renewables iSun Utility selected for both development and construction services Up to $120 Mill
Slide 18: iSun Utility completed project examples
iSun Utility completed project examples
Slide 19: Solar EV Products
Solar EV ProductsiSun solar EV products are gateways to more solar EPC opportunities and allow iSun to provide customized solutions for customers across all market sectors. Bifacial solar panels Bifacial solar panels
Slide 20: iSun solar EV products project examples
iSun solar EV products project examples – solar EV charging & solar bench
Slide 21: iSun Innovation
iSun InnovationiSun invests in innovative companies that drive growth opportunities to iSun for each market sector iSun investment rationale AmpUp is the software backbone of the iSunOS with leading edge patented technology for the best charging user experience for iSun customers Exclusive EV member
Slide 22: Recurring revenue drives margin
Recurring revenue drives marginiSun owns 6 megawatts of solar assets with a goal to reach 50 megawatts by 2023 in order to offset operating expenses with recurring revenue, which directly enhances net margins. 6MW2021 solar assets $500k2021 recurring cashflow 50MWEst. 2023 solar assets $4MEst. 2023
Slide 23: Financials
FinancialsiSun has the necessary access to capital to fund its profitable growth strategy $39.5M(ATM: B.Riley) ACCESS TO CAPITAL WORKING CAPITAL est. 2021 REVENUEiSun, Inc.: Solar, Data, Electric $40M $76.8M $21.8M CURRENT BACKLOG
Slide 24: Market Comparison
Market Comparison Market analysis indicates that iSun is both a growth and value opportunity across all sectorsResidential Solar Market data as of July 29, 2021; Market Capitalization reflects 9.08M shares outstanding; Financial metrics as of 2Q 2021 unless otherwise noted1 Based on proposed post de
Slide 25: Leadership
Leadership Management successfully deSPACed iSun and is delivering growth and value Executive Leadership Jeffrey PeckChairman andChief Executive Officer John SullivanChief Financial Officer Frederick (Kip) Myrick Executive Vice President, Residential, Commercial & Industrial SolarBoard of Directors
Slide 26: @ a [email protected]