Cash Balance of $31.8M up from $31.1M at end of Q1 2022 and up from $23.7M at the end of Q2 2021 - Plus $17.3M in short and long‐term deposits. Net Cash used by Operating Activities in Q2 2022 was $6.8M.
Q2 SPS bookings of $8.2M included 9 new MABR plants - Up 46% on Q2 2021 and 30% on Q1 2022. SPS backlog now 57% higher than Q2 2021.
Over 80% of Q2 SPS revenues from outside China
CES revenues of $19.8M - Up 43% on Q2 2021, mainly from the Ivory Coast project.
Cost Efficiency Improvement - H1 2022 fixed expenses of $12.5M (21% of revenues) versus $11.0M (28% of revenues) in H1 2021.
Contracted backlog $80.0M of which $49.0M anticipated to become revenue in 2022.
H1 revenues of $60.2M
- Up 52% on H1 2021
Q2 Revenues of $25.7M
- Up 9% on Q2 2021
Q2 & H1 2022 Highlights
All numbers are unaudited and refer to continuing operations
•
only•
•
•
•
use•
•
•
ersonalAll•numbers in presentation are USD unless otherwise stated.
Revenue Growth
$60.2M
$39.7M
H1 2021
H1 2022
Smart Product Solutions (SPS)
Recurring Revenue (RR)
Customer Engineered Solutions (CES)
2
FY 2022 Guidance
All numbers are unaudited and refer to continuing operations
only•
•
•
Full year revenue outlook is $144.0M, up 40% from $103.2M in 2021 $109.4M or 76% of revenue outlook covered by backlog plus Q1 revenues SPS revenues continue to be forecast at $45.0M, up 22% from $36.9M in 2021
use
•
Full year underlying EBITDA1 continues to be forecast at $3.0M up from $1.0M in 2021
All numbers in presentation are USD unless otherwise stated.
3
Fluence: Fast To Deploy, Profitable Water
Solutions
Revenue Mix Has Shifted To SPS ex-Ivory Coast
Transition To Higher Margin Revenue
Illustrative
only
3%
2%
8%
10%
12%
16%
25%
82%
65%
80%
2017*
2021 excl
Future Target
Ivory Coast
Smart Products Solutions (SPS)
Recurring Revenue (RR)
Large
Smart
Proprietary
Proprietary
Recurring
Custom Engineered Solutions
Projects
Products
Smart Products
Smart
Revenue
Solutions
Solutions
Products
use* 12 months pro-forma
~$190M NIROBOX™ Aspiral™
SUBRE
BOOT,
Strategic Focus
Examples: Ivory Coast
O&M
ersonal
Project
▪
Sell MABR in China and SE Asia
✓
Only global, pure play water and wastewater treatment
▪
Sell Nirobox in Middle East and SE Asia
company delivering standardized solutions to a growing,
global, decentralised market
▪
Seek more recurring revenue via water
✓
Fast to deploy, lower cost, lower risk way to meet tightening
as a service in US and Caribbean
regulatory standards
▪
Timely execution of Ivory Coast project
✓
Maximize profitable growth by targeting highest growth
markets
▪
Improve operating efficiencies
✓
Strong team and balance sheet
Increasing
Gross
Margin
4
Leading ESG Impact in Water Treatment
Existing Fluence Plants Mitigate The Equivalent of 262K tons of CO2/year
Committed to UN SDGs
• Fluence technologies are highly energy efficient (MABR, desalination)
and lower CO2 and other harmful contaminants
only
➢
Many wastewater treatment technologies emit Nitrous Oxide
(N2O): 300x worse than CO2 - Fluence emits 20-100x less. Existing
MABR systems save 291 tons/year of N2O emissions, equivalent to
86,650 tons of CO2
➢ Waste-to-energy from industrial wastewater mitigates a further 155,700 tons CO2/year
➢ Applying Fluence MABR to the world's wastewater needs improves
use
access to safe water and has potential annual energy savings of 2
TWh, equivalent to 150 million tons CO2
• Fluence is committed to ESG and delivers on 10 of the 17 UN SDGs
ersonal
Source: EPA, research, Company analysis.
Sustainability Impact from Fluence's Installations
MABR & NIROBOX
Waste to Energy
28 GWh / year
221 GWh / year
in energy savings vs
clean energy from biomass
conventional technologies
mitigates 155,700 Tons CO2 / year
mitigates 20,000 Tons CO2 / year
Reuse
Water
Wastewater
18 Bn Liters Water
201 Bn Liters
667 Bn Liters
Recycled / year
Drinking Water
Wastewater
Produced / year
Treated / year
MABR installations remove >2,300 tons of nutrient pollution/year
5
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Fluence Corporation Limited published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 22:43:03 UTC.
Fluence Corporation Limited provides decentralized water and wastewater treatment solutions. The Company is engaged in wastewater treatment and reuse, high-strength wastewater treatment, wastewater-to-energy, industrial and drinking water markets, with its pre-engineered, standardized smart products solutions (SPS), including Aspiral, NIROBOX, SUBRE and Nitro. Its segments include Decentralized Municipal Water and Wastewater treatment (DMWW), Specialized Industrial Water solutions (SIW), High-Strength Wastewater and Waste-to-Energy (HSWW), SEA & China, Ivory Coast project (IVC), and Build-Own-Operate (BOO) projects and O&M contracts for equipment sales. The DMWW segment includes MABR (Aspiral, SUBRE and Nitro), and Nirobox products. The SIW segment focuses on water reuse applications and high-growth markets such as lithium mining, which supports the trend toward electrification. The HSWW segment is providing solutions that support the shift to global decarbonization.
FLUENCE CORPORATION LIMITED 
