FLUX POWER HOLDINGS, INC. POWERING YOUR TRANSITION TO SUSTAINABLE LITHIUM-ION BATTERY TECHNOLOGY
NASDAQ: FLUX
March 2024
Flux Power Company Presentation | 1 |
SAFE HARBOR LANGUAGE
This presentation contains forward-looking statements. All statements other than statements of historical fact contained in this presentation, including statements as to the Company's future results of operations and financial position, planned products and services, business strategy and plans and objectives of management for future operations, are forward-looking statements.
These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company's actual results, performance
or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "aims," "predicts," "potential," "seeks," attempts," "poised" or "continues" or the negative of these terms or other similar words. These statements are only predictions.
The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Also, these forward-looking statements represent the Company's estimates and assumptions only as of the date of this presentation. The Company assumes no obligation to update any forward-looking statements after the date of this presentation.
This presentation also contains estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other industry data. This data involves several assumptions and limitations, and you are cautioned not to give undue weight to such estimates. The Company has not independently verified the statistical and other industry data generated by independent parties and contained in this presentation and, accordingly, it cannot guarantee their accuracy or completeness.
In addition, projections, assumptions and estimates of its future performance and the future performance of the industries in which it operates are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by the Company. For more information, please refer to risk factors discussed in Company's periodic filings with the SEC.
Flux Power Company Presentation | 2 |
FLUX POWER FACILITY TOUR: VIDEO
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Flux Power Company Presentation | 3 |
Nasdaq: FLUX
Closing Price (2/20/24) | $5.60 |
52 Week Range | $2.97 - $7.40 |
Market Cap | $91.9M |
Shares Outstanding | 16.5M |
Float | 12.0M |
Revenue (FY'23) | $66.3M |
Order Backlog (2/1/24) | $29.7M |
Patent Portfolio1 | 5 |
Headquarters | Vista, CA |
Employees | 131 |
1. Patent portfolio includes filed and or granted patents as of the Company's most recent 10-K filing.
FLUX POWER SNAPSHOT
Flux Power: A Leading Provider of Sustainable Lithium-Ion Energy Storage Solutions for Material Handling, Airport Ground Support, and Other Industrial Equipment
A Premier Partner | Design & Manufacturing Expertise | |
• UL Listed products | ||
• LT supplier to marquee names | • ISO 9001 | |
• Strong OEM relationships & approvals | • Patent protected IP | |
• Lean manufacturing | ||
Delivering Sustainability | Comprehensive Support | |
• Lowers carbon footprint | • Industry knowledge | |
• Maintenance free | • Application expertise | |
• High energy efficiency | • Responsive Product support | |
Flux Power Company Presentation | 4 |
KEY SECOND QUARTER 2024 HIGHLIGHTS
- Revenue increased 7% to a record $18.3M in
Q2'24 due to higher volume and improved pricing - Gross profit increased 38% to $5.7M in Q2'23
- Gross margin was 31% in Q2'24 compared to 24% in Q2'23
- Adjusted EBITDA improved $1.2 million to a positive $0.3 million for the quarter ended December 31, 2023, compared to a loss of $0.9 million for the quarter ended December 31, 2022, and a loss of $1.2 million in Q1'24
Three Months Ended December 31
$ in millions | 2023 | 2022 | ||
Revenue | $ | 18.3 | $ | 17.2 |
Gross profit | $ | 5.7 | $ | 4.1 |
Gross margin (%) | 30.9% | 23.9% |
- Order backlog increased to $30.1 million as of December 31, 2023, reflects record new orders of $26.6 million
- Backlog as of February 1, 2024, held at $29.7 million.
SG&A expenses | $ | 4.6 | $ | 4.3 |
R&D expenses | $ | 1.4 | $ | 1.2 |
Adjusted EBITDA | $ | 0.3 | $ | (0.9) |
Flux Power Company Presentation | 5 |
A FOUNDATION BUILT FOR FORTUNE 500 ELECTRIFICATION
• | Airport Ground Support | • | 3-wheel battery pack | |
Equipment packs launched | • | UL Listing: narrow aisle pack | ||
• Walkie pallet jack | • | Counterbalanced forklift battery | • | SkyBMS telematics |
battery pack | pack launched | • | NASDAQ uplisting | |
launched | • | OEM private label agreement | • | Stationary energy storage |
- 3-wheelbattery pack with new voltage option
- New modular designed C48 battery pack
- New S24 high-capacity option availability
- New M24 Onboard charger option available
- 20,000+ packs in the field
2014 | 2018 | 2020 | 2022 | 2024 |
2013 | 2016 | 2019 | 2021 | 2023 |
- Launch strategy targeting first Li-ionpack in Material handling sector
- Walkie pallet jack battery pack UL Listed & approved by major OEMs
• | Narrow Aisle and End rider/ | • | 'Next-gen M24 end rider/center |
center rider battery pack | rider battery pack launched | ||
launched | • | UL Listing: M24 battery pack | |
• | Moved into current facility | ||
• | UL Listing: counterbalanced | ||
forklift battery pack |
- Launched the next generation G80 battery pack for GSE with a new modular design for easier maintenance
Flux Power Company Presentation | 6 |
PRODUCT LINE FOR LARGE FLEETS
Class 3 | Class 3 | Class 2 | Class 1 and 2 | Class 1 | Class 1 | Airport GSE | ESS / AGVs / AMRs |
Walkie Pallet Jack | End Rider / | Narrow Aisle | 3-Wheel | 3-Wheel | Counterbalanced | Industrial Equipment | |
Center Rider |
S8
S24
M24
M36
L36
L48
X36/X48/X80
GSE
C48
Flux Power Company Presentation | 7 |
CUSTOMERS SEEKING LOWER COST & HIGHER PERFORMANCE LITHIUM - ION BATTERY PACKS
Attribute | Lead Acid Batteries | Flux Power Lithium-ion | ||
Battery Packs | ||||
Performance | Multiple batteries required for | One battery required for | ||
multi-shift operations | multi-shift operations | |||
Lifespan* | 500-1,500 cycle life | 3,000-4,500 cycle life | ||
Efficiency** | Less efficient energy storage | More efficient energy | ||
usage (30-50%) | ||||
Maintenance | Regular watering, weekly | No required regular | ||
equalization charges | maintenance | |||
Environmental | Produces off gasses; acid spills | Saves tons of CO2 | ||
require EPA reporting | ||||
Cost | Lower initial purchase cost | Lower total cost of | ||
per battery | ownership | |||
- Based on disclosures by Enersys, East Penn, Flux Power supplier
- Based on Flux Power, Sept. 2020, Energy Efficiency Study for Fortune 50 US beverage distributor
Flux Power battery packs mitigate operational pain points AND at a lower total cost of ownership
Performance Environmental
Impact
Total Cost of
Safety Ownership
Maintenance
Energy
Efficiency
Flux Power Company Presentation | 8 |
FORTUNE 100 CUSTOMER SAVINGS: 50%
Global manufacturer with 24 Class 1 lift trucks at one warehouse location comparing Lead Acid to Lithium-Ion.
$300K
Battery Savings
$500K
Costs
Battery Costs
Flux Power | |
Lead Acid | Lithium-Ion |
$ Savings
% Savings
Operating Savings
$30K
Price Per Battery Batteries Required *Total 8 Year Battery Cost Operating Costs **Total 8 Year Operating Cost Energy Costs ***Total 8 Year Energy Cost Total Cost
$ | 9,800 |
96 | |
$940,800 |
$ | 598,920 |
$ | 81,935 |
$ | 1,621,655 |
$ | 27,200 |
24 | |
$652,800 |
$ | 109,440 |
$ | 53,258 |
$ | 815,498 |
($17,400)
$288,000
$489,480
$28,677 $806,157
31%
82%
35% 50%
Energy Savings
$800K
5-Year Total Savings
50%
% Savings vs Lead Acid
*Assumes a 4-yearlife-span for the lead acid battery vs 8 years for Flux Power Lithium Ion. 2 lead acid per truck vs 1 for Flux Power Lithium Ion.
**Lead acid includes watering and safety system, regular scheduled maintenance, & charge time. Lithium Ion includes charge time and repairs outside of warranty period.
***Assumes a 35% efficiency gain.
Environmental Impact
- No EPA monthly lead acid reporting
- No acid spills in warehouse
Flux Power Company Presentation | 9 |
~ 10%
Estimated lithium-ion market share of electric forklifts*
$2.5B
Addressable annual market
for electric forklifts**
- Lithium-ioncompetitor estimated sales
- Forklift market growth 2% annually; lithium penetration grows 40% per year; Flux Power market share increases 2% a year
L IT H IUM - ION ADOPTION ACCELERATING IN MATERIAL HANDLING SECTOR
Industry Trends:
The industry is a billion-dollar addressable market with double digit adoption rate of lithium-ion solutions **
Adopting Flux Power's lithium-ion technology:
Major global beverage distributor, with 34,000 forklifts in the USA selected Flux Power to transition their fleet to lithium-ion technology
Flux Power is focused on supplying lithium-ion battery packs to large Fortune 500 fleets
Our battery packs are designed for lift equipment for OEMs, without retrofit
Flux Power Company Presentation | 10 |
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Flux Power Holdings Inc. published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 15:16:02 UTC.
