Investor Presentation
Financials
Q3 2021 Q4 2021 Q12022 Q2 2022 Q3 2022 Q4 2022
Q12023
Q2 2023
Q3 2023
In $000s except per share information or denoted otherwise
Operations
Energy production (kWh)
295,155 140,206 173,318 346,624 528,417
Energy generation capacity
1,420
1,420
1,420
2,147
2,363
2,326
330,127 730,325
3,758
961,825 1,362,048
3,758
3,758
(kW)
Revenue
EPC
$427
$979
$178
$393
$1,456
$722
$108
$66
$105
Engineering services
$34
$151
$142
$106
$199
$286
$307
$48
$32
Energy Generation
$69
$40
$44
$81
$142
$84
$107
$184
$111
Total Revenue
$530
$1,171
$364 $580 $1,797
$1,091
$522
$297
$248
Income (loss) from
($1,354)
operations
Net income (loss)
($1,335)
Net income (loss) / share
basic and diluted
($1,074) ($1,498) ($1,570) ($1,214) $1,920 ($2,617) ($3,156) ($2,756)
($952) ($1,611) ($1,439) ($1,483) ($2,965) ($2,811) ($3,995) ($3,291)
($0.04) ($0.03) ($0.05) ($0.04) ($0.05) ($0.09) ($0.09) ($0.12) ($0.10)
•
30-Sep-23
21-Dec-22
FINANCIAL POSITION
Cash & Equivalents (excl. Restricted Cash)
Solar Assets and Construction in Progress
Operating Debt
$3,544,391
$16,126,324
$2,699,870
Project Debt
Shareholders' Equity (Deficit)
Diluted Shares Outstanding
($16,680,416)
38,744,155*
($7,768,884)
38,756,216
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.
* Considers 33.2mm common shares, 879k warrants, 3.0mm options outstanding, as well as 1.7mm aggregate DSUS, PSUs and RSUs
UGE
TSXV: UGE | OTCQB: UGEIF
$45,935,145
$2,090,576
$5,779,259
$2,551,156
•
$14,692,032
Minimal dilution as solar
Clean balance sheet and
growing asset base
Operating portfolio has
grown more than 6x
between February 2022
and February 2024
Growing assets as project
development and
deployment accelerates
Operating debt includes
convertible note and
COVID-related
government programs
assets provide collateral for
secured green bonds
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