Investor Presentation
Financials
Q2 2021 Q3 2021 Q4 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Q2 2023
In $000s except per share information or denoted otherwise
Operations
Energy production (kWh)
234,680
295,155 140,206
173,318
346,624
528,417
Energy generation capacity (kW)
1,162
1,420
1,420
1,420
2,147
2,363
330,127
2,326
730,325
3,758
961,825
3,758
Revenue
EPC
$487
$427
$979
$178
$393
$1,456
$722
$108
$66
Engineering services
$36
$34
$151
$142
$106
$199
$286
$307
$48
Energy Generation
$52
$69
$40
$44
$81
$142
$84
$107
$184
Total Revenue
$530
Income (loss) from operations
Net income (loss)
Net income (loss)/share
basic and diluted
$575
($1,006) ($1,354) ($1,074) ($1,498)
($802) ($1,335) ($952) ($1,611)
($0.03) ($0.04)
$1,171
$364
$580
$1,797
$1,091
$522
$297
($1,570)
($1,439)
($1,214)
($1,483)
$1,920 ($2,617)
($2,965)
($3,156)
($2,811) ($3,995)
($0.03) ($0.05) ($0.04)
($0.05)
($0.09) ($0.09)
($0.12)
30-Jun-23
21-Dec-22
Clean balance sheet and growing
asset base
Operating portfolio doubled in
2022; expected to scale
significantly in 2023
Growing assets as project
development and deployment
accelerates
Operating debt includes
convertible note and COVID-
related government programs
Minimal dilution as solar assets
provide collateral for secured
FINANCIAL POSITION
Cash & Equivalents (excl. Restricted Cash)
Solar Assets and Construction in Progress
Operating Debt
Project Debt
Diluted Shares Outstanding
Shareholders' Equity (Deficit)
$2,974,221
$10,742,782
$2,994,541
$31,024,918
($10,391,061)
36,534,295
$2,090,576
$5,779,259
$2,551,156
green bonds
$16,505,384
($7,768,884)
38,756,216
1 These items are Non-GAAP measures that do not have standard definitions under IFRS, may not be reconcilable to IFRS measures and may not be
comparable to other companies; please see Non-GAAP Measures section of this MD&A for more details.
UGE
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