Investor Presentaiton
BALLARD Q4 & Full Year 2020 Results
(Millions of U.S. dollars)
Power to Change the World
Q4 2020
Q4 2019
% Change
FY 2020
FY 2019
% Change
REVENUE
Fuel Cell Products & Services Revenue:
Heavy Duty Motive
$11.9
$21.4
-44%
$47.7
$35.4
35%
Material Handling
$0.9
$1.9
-51%
$5.3
$10.8
-51%
Backup Power
$2.1
$2.0
5%
$5.6
$3.0
88%
Sub-Total
$15.0
$25.4
-41%
$58.6
$49.1
19%
Technology Solutions
$13.6
$16.4
-17%
$45.3
$56.6
-20%
Total Fuel Cell Products & Services Revenue
$28.6
$41.8
-32%
$103.9
$105.7
-2%
PROFITABILITY
Gross Margin $
$5.6
$8.6
-34%
$21.0
$22.3
-6%
Gross Margin %
20%
21%
-1-point
20%
21%
-1-point
Operating Expenses
$19.6
$15.6
26%
$60.7
$47.8
27%
Cash Operating Costs
$16.4
$13.1
25%
$50.0
$38.8
29%
Equity Gain (Loss) in JV & Associates
($4.3)
($3.0)
-43%
($12.6)
($11.1)
-14%
Adjusted EBITDA
($14.5)
($7.0)
-105%
($38.9)
($26.6)
-46%
Net Loss
($14.4)
($9.8)
-47%
($49.5)
($35.3)
-40%
Earnings Per Share
($0.05)
($0.04)
-28%
($0.20)
($0.15)
-31%
CASH
Cash Provided (Used) by Operating Activities:
Cash Operating Income (Loss)
($6.7)
($3.9)
-72%
($25.8)
($14.1)
-83%
Working Capital Changes
$0
$8.0
-100%
($17.1)
($0.1)
-17,000%
Cash Used By Operating Activities
($6.7)
$4.1
-262%
($42.9)
($14.2)
-202%
Cash Reserves
$763.4
$147.8
417%
APPENDIX
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