Westport Fuel : Investor Factsheet September 2021 PDF Format (opens in new window)

Investor Factsheet

We are inventors, engineers, manufacturers and suppliers of advanced clean fuel systems

and components that can change the way the world moves.

Solid Foundation	(as of Dec 31, 2020)		Market-Ready Solutions

70	10	1,313	>100
Countries	Established	Employees	Distributors
	Brands	Worldwide

$252M	1400+	13
2020	Patents/	Offices
Revenue	Applications	& Facilities

• Westport HPDI 2.0™ - the LNG solution for heavy- duty trucking
• LPG/CNG kits & components for aftermarket vehicle conversions and DOEM
• Components & systems for Tier 1 OEM supply
  in LPG & CNG, including engine controllers for latest emission regulations
• Spark ignited products for transit, refuse and specialty vehicles

2

Leading Technology Position

• History of innovation and engineering capabilities
• Strong intellectual property position
• Existing and applied for patents covering CNG, LNG, & LPG components and systems worldwide
• Significant investment in research and development for gaseous fuelled transportation applications

Renewable Fuels

Alternative Fuels Competencies

Full Spectrum of Solutions

Patent Portfolio

Market

R

HPDI On-Engine

ir

e

g

ulat

nA

10+7

a

o

e

r

21%

l

y

Control Systems

C

Cryogenics

S

s

28%

i c

s

u

t

i

Spark-Ignited

18%

m

a

a

o

n

Direct Injection

n

i

o

b

i

c

t

E

l

Other Technology

10%

y

16%

Aftermarket

7%

Components

Recent News

Aug 5	Reports Second Quarter 2021 Financial
	Results
Jul 7	Collaborates with TUPY and AVL in
	Demonstration of World's Most Efficient
	Hydrogen-Fueled Internal Combustion Engine
Jun 8	Announces Closing of Marketed Public
	Offering and Exercise of Over-Allotment
	Option

Key Financials

(expressed in millions of U.S. dollars,	3 Months Ended
except for gross margin %, per share	30-JUN-2130-JUN-20
amounts, and shares outstanding)
Total revenue

Revenue by Region	YTD

13%70%17%

Americas incl. USA	Europe	Asia/Rest of World

Share Information

Listed as WPRT

(as of end of market close, Sep 8) NASDAQ

TSX

		79.0	36.0
Gross margin		15.7	12.2
GM %		20%	33.9%
Net income		17.2	(3.0)
Net Income per	basic &	0.11	0.02
share	diluted
Weighted average	basic	153,149,575	136,564,290
shares outstanding	diluted	156,791,634	146,323,733
Consolidated adjusted EBITDA1	6.2	6.2

52 Week High

52 Week Low

Issued & outstanding

Average volume/day (30d)

Market capitalization

$12.95 $16.49

$1.55$2.04

• • 147 million
  • 2,377,690
• USD $622 million

Net cash used in operating
activities of continuing	(8.7)	(9.0)
operations
Cash & cash investments	160.7	28.9
Total assets	474.2	262.7
Total debt and royalty payable	78.7	69.0

1. Westport Fuel Systems defines Adjusted EBITDA as EBITDA from continuing operations excluding expenses for stock-based compensation, unrealized foreign exchange gains or losses, and non-cash and other adjustments that the company deems to be non-recurring in nature. Management uses Adjusted EBITDA as a long-term indicator of operational performance since it ties closely to the business units' ability to generate sustained cash flow and such information may not be appropriate for other purposes. Adjusted EBITDA includes the Company's share of income from joint ventures. Please refer to GAAP and NON-GAAP FINANCIAL MEASURES for a full reconciliation of Adjusted EBITDA and EBITDA.

Analyst Coverage

Firm	Analyst	Location
Cowen and Company	Jef f Osborne	New York, NY
Craig-Hallum Capital Group	Eric Stine	Minneapolis, MN
H.C. Wainwright & Co.	Amit Dayal	New York, NY
JP Morgan & Co	Bill Peterson	New York, NY
Lake Street Capital Markets	Rober t Brown	Minneapolis, MN
Oppenheimer and Company	Colin Rusch	New York, NY

Thinking

Ahead

Investor Relations	1750 West 75th Avenue, Suite 101
[e-mail]	Vancouver, BC, Canada V6P 6G2
T 604-718-2046	T 604-718-2000  wfsinc.com

2021-09-21