This corporate presentation by Consolidated Water Co. Ltd provides an overview of the company and its operations. It summarizes that CWCO develops and operates water treatment plants and distribution systems in areas with limited freshwater. It operates in 4 countries with 12 plants producing over 25 million gallons per day. The presentation highlights the company's four business segments and provides financial information showing increasing revenue and profitability in recent years. It also describes an upcoming major project in Mexico and acquisition strategy to expand in the US water market.
Cwco corporate presentation may 2020(052120)Jeremy Keyser
Consolidated Water Co. Ltd. (CWCO) provides water production and advanced water treatment solutions globally. The company operates desalination plants and water distribution systems under long-term contracts in the Caribbean, Bahamas, and US. CWCO also manufactures water treatment equipment and provides related services. Recent acquisitions have expanded the company's product and service offerings in the growing US market. CWCO has a strong balance sheet and pursues organic and acquisition growth opportunities to capitalize on the increasing global demand for desalination.
Consolidated Water Co. Ltd. (CWCO) provides water solutions including developing and operating desalination plants, water distribution systems, and water treatment equipment. The presentation summarizes CWCO's business segments, global operations, financial performance, growth opportunities in desalination markets, and competitive advantages in developing water solutions. Key projects include a major desalination plant under development in Rosarito, Mexico and expanding in the US through the recent acquisition of PERC Water Corporation.
Cwco corporate presentation february 2020Jeremy Keyser
Consolidated Water Co. Ltd. operates advanced water treatment plants and water distribution systems in the Caribbean, Bahamas, and United States. It has four operating segments: retail water, bulk water, manufacturing, and services. The company has a global presence with 12 plants producing over 25 million gallons per day. It is pursuing organic and acquisition growth opportunities while providing shareholders with a solid dividend yield. Key projects include a major new desalination plant development in Rosarito, Mexico.
This corporate presentation by Consolidated Water Co. Ltd. provides an overview of the company and its business segments. It operates desalination plants and water systems in areas where freshwater is limited. It has four business segments: retail water, bulk water, manufacturing, and services. The company sees opportunities for growth in desalination and wastewater treatment globally and in the southwest US. It aims to be a full-service water solutions provider through building, operating, and financing water infrastructure projects.
Teekay Corporation reported stronger financial results in the first quarter of 2021 compared to the previous quarter, despite ongoing weakness in tanker markets due to the COVID-19 pandemic's impact on oil demand. Total adjusted EBITDA was $202 million in Q1-21 compared to $201 million in Q4-20. Consolidated adjusted net income was $11 million, or $0.11 per share, in Q1-21 compared to $3 million, or $0.03 per share, in Q4-20. Teekay has made significant progress winding down its FPSO segment and expects to reduce accrued asset retirement obligations. Teekay LNG maintained a high fleet utilization rate and increased its
Teekay Corporation presented its third quarter 2021 earnings. Key highlights included:
- Total adjusted EBITDA was $165 million, down slightly from $172 million last quarter.
- Consolidated adjusted net income was $95 thousand, up from $30 thousand last quarter.
- Teekay LNG's pending merger with Stonepeak was announced, valued at $6.2 billion including Teekay Parent receiving $640 million in proceeds.
- A new long-term contract was secured to provide marine services to Australian government vessels.
Teekay Tankers presented its third quarter 2021 earnings. Key highlights included:
- Adjusted EBITDA of ($15.8) million, down from the previous quarter, due to weak spot tanker rates.
- Pro forma liquidity of $209 million providing financial resilience.
- Tanker market fundamentals remain positive with an expected recovery, supported by increasing oil demand and tight fleet supply.
- Spot tanker rates improved in early Q4 but remained weak in Q3 due to oil demand impacts from COVID variants and OPEC+ supply cuts.
Sidoti investor presentation 3.27.17 final (2)ADAESIR
This presentation provides an overview of Advanced Emissions Solutions, Inc. It discusses AESI's transformation from focusing on refined coal and equipment sales to developing recurring revenue streams from emissions control technologies. AESI owns 42.5% of Tinuum Group, which develops refined coal facilities. Tinuum is expected to generate $275-300M in cash flows for AESI through 2021. AESI is also commercializing emissions control chemicals that could become a $100M annual market. AESI aims to return capital to shareholders through dividends and potentially share buybacks, while evaluating opportunities to further monetize intellectual property and pursue acquisitions to grow in the $300-500M emissions control market.
Cwco corporate presentation may 2020(052120)Jeremy Keyser
Consolidated Water Co. Ltd. (CWCO) provides water production and advanced water treatment solutions globally. The company operates desalination plants and water distribution systems under long-term contracts in the Caribbean, Bahamas, and US. CWCO also manufactures water treatment equipment and provides related services. Recent acquisitions have expanded the company's product and service offerings in the growing US market. CWCO has a strong balance sheet and pursues organic and acquisition growth opportunities to capitalize on the increasing global demand for desalination.
Consolidated Water Co. Ltd. (CWCO) provides water solutions including developing and operating desalination plants, water distribution systems, and water treatment equipment. The presentation summarizes CWCO's business segments, global operations, financial performance, growth opportunities in desalination markets, and competitive advantages in developing water solutions. Key projects include a major desalination plant under development in Rosarito, Mexico and expanding in the US through the recent acquisition of PERC Water Corporation.
Cwco corporate presentation february 2020Jeremy Keyser
Consolidated Water Co. Ltd. operates advanced water treatment plants and water distribution systems in the Caribbean, Bahamas, and United States. It has four operating segments: retail water, bulk water, manufacturing, and services. The company has a global presence with 12 plants producing over 25 million gallons per day. It is pursuing organic and acquisition growth opportunities while providing shareholders with a solid dividend yield. Key projects include a major new desalination plant development in Rosarito, Mexico.
This corporate presentation by Consolidated Water Co. Ltd. provides an overview of the company and its business segments. It operates desalination plants and water systems in areas where freshwater is limited. It has four business segments: retail water, bulk water, manufacturing, and services. The company sees opportunities for growth in desalination and wastewater treatment globally and in the southwest US. It aims to be a full-service water solutions provider through building, operating, and financing water infrastructure projects.
Teekay Corporation reported stronger financial results in the first quarter of 2021 compared to the previous quarter, despite ongoing weakness in tanker markets due to the COVID-19 pandemic's impact on oil demand. Total adjusted EBITDA was $202 million in Q1-21 compared to $201 million in Q4-20. Consolidated adjusted net income was $11 million, or $0.11 per share, in Q1-21 compared to $3 million, or $0.03 per share, in Q4-20. Teekay has made significant progress winding down its FPSO segment and expects to reduce accrued asset retirement obligations. Teekay LNG maintained a high fleet utilization rate and increased its
Teekay Corporation presented its third quarter 2021 earnings. Key highlights included:
- Total adjusted EBITDA was $165 million, down slightly from $172 million last quarter.
- Consolidated adjusted net income was $95 thousand, up from $30 thousand last quarter.
- Teekay LNG's pending merger with Stonepeak was announced, valued at $6.2 billion including Teekay Parent receiving $640 million in proceeds.
- A new long-term contract was secured to provide marine services to Australian government vessels.
Teekay Tankers presented its third quarter 2021 earnings. Key highlights included:
- Adjusted EBITDA of ($15.8) million, down from the previous quarter, due to weak spot tanker rates.
- Pro forma liquidity of $209 million providing financial resilience.
- Tanker market fundamentals remain positive with an expected recovery, supported by increasing oil demand and tight fleet supply.
- Spot tanker rates improved in early Q4 but remained weak in Q3 due to oil demand impacts from COVID variants and OPEC+ supply cuts.
Sidoti investor presentation 3.27.17 final (2)ADAESIR
This presentation provides an overview of Advanced Emissions Solutions, Inc. It discusses AESI's transformation from focusing on refined coal and equipment sales to developing recurring revenue streams from emissions control technologies. AESI owns 42.5% of Tinuum Group, which develops refined coal facilities. Tinuum is expected to generate $275-300M in cash flows for AESI through 2021. AESI is also commercializing emissions control chemicals that could become a $100M annual market. AESI aims to return capital to shareholders through dividends and potentially share buybacks, while evaluating opportunities to further monetize intellectual property and pursue acquisitions to grow in the $300-500M emissions control market.
Teekay Tankers reported financial results for the first quarter of 2021 that showed an increase in adjusted EBITDA compared to the previous quarter. While spot tanker rates remained weak in Q1 2021, rates spiked in March due to bad weather and the Suez Canal blockage. Looking forward, several key indicators point to a tanker market recovery in the second half of 2021 as oil demand increases and inventories normalize. Teekay Tankers maintains a strong financial position with $372 million in liquidity to capitalize on an expected market recovery.
The presentation provides an outlook for Teekay Tankers' Q1 2022 financial results. Net revenues are expected to decrease due to fewer available spot shipping days from vessel sales and more scheduled drydocking days. Time-charter hire expenses will increase slightly due to a new in-chartered vessel. Depreciation expenses will decrease as a result of vessel sales. General and administrative costs will be up modestly. Overall, financial results are forecasted to decline compared to Q4 2021 due to reduced spot shipping activity. However, the company maintains a strong liquidity position and outlook for tanker market recovery remains positive.
This document provides an overview of the Teekay Group's investor day presentation on November 14, 2019. It discusses Teekay Corporation's growing cash flows and improving profitability, strengthening balance sheets, simplifying and focusing on its core gas and tanker businesses. It highlights the stable and growing gas cash flows from long-term contracts and upside potential as the tanker market strengthens. The presentation outlines Teekay's strategic focus on gas shipping and oil shipping over time and the positive long-term outlook for energy shipping due to rising global energy demand and increasing dislocation between supply and demand areas, driving LNG and oil shipping growth.
- Teekay Tankers reported an adjusted net loss of $40.7 million for Q4-2020, compared to an adjusted net income of $3.1 million in Q3-2020. This was primarily due to lower spot tanker rates in Q4-2020.
- The company reduced its net debt by $419 million in 2020 to $510 million through strong cash flows and asset sales. It had liquidity of $373 million as of December 31, 2020.
- Spot tanker rates remained weak in Q4-2020 due to the second wave of COVID-19 and oversupply of tankers returning from floating storage. Rates are expected to improve in the second half of 2021 as oil
Rockwell Collins announced the acquisition of B/E Aerospace to strengthen its position as a leading supplier of cockpit and cabin solutions. The $8.3 billion transaction will increase scale, diversify Rockwell's portfolio across customers and markets, and enhance its ability to integrate products. Projected annual cost synergies of $160 million and revenue synergies are expected to generate over $6 billion in free cash flow over 5 years. The proven management teams will direct integration to realize synergies while maintaining investment grade ratings.
The document is an investor presentation for Rowan Companies discussing its business outlook. It notes that Rowan is well-positioned for growth with a young, high-specification fleet operating in several markets. It highlights Rowan's focus on improving margins through cost control, reducing downtime, and optimizing capital allocation as it generates free cash flow. The presentation also discusses trends of aging jack-ups leaving the market and fewer new competitors that directly compete with Rowan's assets and capabilities.
Teekay LNG Partners reported record-high 2020 results, with adjusted net income up 39% and total adjusted EBITDA up 11% from 2019. The company also announced a 15% increase to its common unit distribution commencing in Q1 2021. Teekay LNG's fleet has 97% of available days fixed for 2021 and 89% fixed for 2022, providing stable cash flow. Global demand for LNG is expected to grow substantially over the next decades, driven by Asia and the transition away from coal, supporting strong long-term LNG shipping dynamics.
This document provides a summary of Plug Power Inc.'s business and strategy. It discusses Plug Power's leadership in hydrogen fuel cell technology, success in the material handling market with major customers like Walmart and Amazon, and plans to expand into new markets like electric vehicles. It also highlights the large market opportunity for electric vehicles in China and how Plug Power's expertise can translate to capturing part of this growing market.
This document provides background information on Foyson Resources Limited and its Integrated Green Energy plastics-to-fuels project. IGE has proven plastics-to-fuels technology operating at a commercial scale facility. Foyson plans to raise $5.8 million through an offering to expand IGE's capacity to process 200 tonnes per day of plastics, generating strong profitability. The experienced management team aims to rapidly scale up operations through projects in Australia, China, and North America to achieve over $100 million in EBITDA within five years.
Tsv investor presentation final 11 30-2016TextronCorp
The document provides an agenda and overview for an analyst meeting at a company. It discusses the company's golf, consumer, ground support, and commercial business lines. For golf, the strategies discussed include growing through multi-course operators and product innovation. In consumer, opportunities in personal transportation vehicles and side-by-sides are outlined. For ground support, recent acquisitions and growth in mobile equipment are highlighted. Finally, leveraging side-by-sides across agriculture, industrial, and turf applications is presented for the commercial business.
Teekay Corporation reported its fourth quarter and annual 2020 earnings. Total adjusted EBITDA was $201 million in Q4-20, down from $227 million in Q3-20, primarily due to weaker results at Teekay Tankers from a lower tanker market. Consolidated adjusted net income was $3 million in Q4-20, down from $15 million in Q3-20. For the full year 2020, total adjusted EBITDA increased 14% to $1.086 billion and consolidated adjusted net income was $83 million, compared to an adjusted net loss of $19 million in 2019.
This document provides a summary of Textron's Electrical Products Group conference. It begins with forward-looking statements about strategies, goals, projections, and risks. The summary then outlines Textron's leading branded businesses, which include aviation, helicopters, industrial, systems, and finance. Key programs and new products are highlighted across various business segments to showcase Textron's commitment to future growth both organically and through acquisitions.
- Teekay Corporation reported financial results for the fourth quarter and full year of 2021. Q4 results were stronger than Q3 due to a modest improvement in spot tanker rates. However, full year 2021 results were lower than 2020 due to a weak tanker market.
- Teekay completed the sale of its interests in Teekay LNG to Stonepeak, generating $641 million in proceeds. Teekay is now largely debt free with a net cash position over $300 million.
- Looking ahead, Teekay expects a decrease in Q1 2022 adjusted net income versus Q4 2021 primarily due to fewer spot tanker days and the sale of its LNG interests. However, tanker
Teekay Corporation Fourth Quarter and Fiscal 2013 Earnings PresentationTeekay Corporation
Teekay Corporation reported its financial results for the fourth quarter of 2013. Key highlights included:
- Teekay LNG and Teekay Offshore both increased their cash distributions by 2.5% in Q4.
- Teekay Parent agreed to sell its last four directly owned tankers to the new joint venture Tanker Investments Ltd.
- Construction of the Petrojarl Knarr FPSO project remains on schedule, with the unit expected to begin its charter in late Q4 2014.
- The company reported consolidated adjusted net income of $1.1 million, compared to $2.9 million in Q4 2012.
This document provides an overview of EnLink Midstream and its strategy for growth. It begins with forward-looking statements and definitions of non-GAAP terms. It then summarizes EnLink's assets and geographic footprint. The main points are:
1) EnLink's strategy is to provide midstream services to customers like Devon Energy, focus on fee-based contracts, leverage Devon sponsorship for growth opportunities, and pursue organic expansion projects.
2) Growth opportunities include potential dropdowns from Devon of $375 million in assets by 2017, expanding in areas where Devon is growing like the Permian Basin and Bearkat project, and organic projects like the Cajun-Sibon expansion.
3) The
Overview of Key Terms for a Water Purchase Agreement between the San Diego County Water Authority and Poseidon Resources - Presentation provided to the Water Planning Committee of the San Diego County Water Authority on September 27.
Greg Garland, Chairman and CEO of Phillips 66, discussed the company's accomplishments in 2014 and outlook. Key points included executing a $4 billion capital program, returning $4.7 billion to shareholders, and increasing the dividend rate by 28%. Garland projected over 30% growth in adjusted EBITDA by 2018 through expanding midstream and chemicals businesses. He emphasized Phillips 66's commitment to growing distributions and maintaining a strong balance sheet.
Altera Infrastructure Q1 20 Earnings Presentationsrogne
Altera Infrastructure reported its Q2-21 earnings. It had adjusted EBITDA of $110 million for the quarter. The company also announced a series of measures to improve its debt maturity profile and enhance liquidity, including exchanging $700 million of debt maturing from 2022-2024 for new secured notes due in 2026. This is expected to achieve over $80 million in annual cash flow savings and extend debt maturities. Altera aims to maintain operational excellence, maximize cash flow from existing operations, and position for growth in the shuttle tanker business.
This document provides an investor presentation for Crestwood Midstream Partners LP and Crestwood Equity Partners LP. It highlights key points such as 2016 guidance being on track, a focused growth strategy in core areas like the Delaware Permian and Bakken, a strong balance sheet and distribution coverage. It summarizes growth opportunities and projects in these regions that are expected to provide accretive cash flow growth beginning in 2018.
This corporate presentation by Consolidated Water Company (CWCO) provides an overview of the company and discusses its operations, financial performance, growth opportunities, and competitive advantages. Some key points:
- CWCO designs, builds, operates, and finances desalination plants and water systems around the world where freshwater is limited. It has 12 plants producing nearly 25M gallons/day.
- The company has four operating segments: retail water, bulk water, manufacturing, and services. It generates recurring revenue through long-term water supply contracts.
- Management sees opportunities for growth through organic expansion projects like a new 100M gallon/day plant under development in Rosarito, Mexico, as well as potential acqu
This corporate presentation by Consolidated Water Co. Ltd provides an overview of the company and its operations. It discusses CWCO's focus on designing, building, financing and operating desalination plants and water systems in areas where freshwater is limited. It highlights key stats such as revenue growth, market cap, operating segments, global presence and competitive advantages. The presentation also covers an expansion project under development in Rosarito, Mexico and discusses growth drivers and opportunities in the desalination market.
Teekay Tankers reported financial results for the first quarter of 2021 that showed an increase in adjusted EBITDA compared to the previous quarter. While spot tanker rates remained weak in Q1 2021, rates spiked in March due to bad weather and the Suez Canal blockage. Looking forward, several key indicators point to a tanker market recovery in the second half of 2021 as oil demand increases and inventories normalize. Teekay Tankers maintains a strong financial position with $372 million in liquidity to capitalize on an expected market recovery.
The presentation provides an outlook for Teekay Tankers' Q1 2022 financial results. Net revenues are expected to decrease due to fewer available spot shipping days from vessel sales and more scheduled drydocking days. Time-charter hire expenses will increase slightly due to a new in-chartered vessel. Depreciation expenses will decrease as a result of vessel sales. General and administrative costs will be up modestly. Overall, financial results are forecasted to decline compared to Q4 2021 due to reduced spot shipping activity. However, the company maintains a strong liquidity position and outlook for tanker market recovery remains positive.
This document provides an overview of the Teekay Group's investor day presentation on November 14, 2019. It discusses Teekay Corporation's growing cash flows and improving profitability, strengthening balance sheets, simplifying and focusing on its core gas and tanker businesses. It highlights the stable and growing gas cash flows from long-term contracts and upside potential as the tanker market strengthens. The presentation outlines Teekay's strategic focus on gas shipping and oil shipping over time and the positive long-term outlook for energy shipping due to rising global energy demand and increasing dislocation between supply and demand areas, driving LNG and oil shipping growth.
- Teekay Tankers reported an adjusted net loss of $40.7 million for Q4-2020, compared to an adjusted net income of $3.1 million in Q3-2020. This was primarily due to lower spot tanker rates in Q4-2020.
- The company reduced its net debt by $419 million in 2020 to $510 million through strong cash flows and asset sales. It had liquidity of $373 million as of December 31, 2020.
- Spot tanker rates remained weak in Q4-2020 due to the second wave of COVID-19 and oversupply of tankers returning from floating storage. Rates are expected to improve in the second half of 2021 as oil
Rockwell Collins announced the acquisition of B/E Aerospace to strengthen its position as a leading supplier of cockpit and cabin solutions. The $8.3 billion transaction will increase scale, diversify Rockwell's portfolio across customers and markets, and enhance its ability to integrate products. Projected annual cost synergies of $160 million and revenue synergies are expected to generate over $6 billion in free cash flow over 5 years. The proven management teams will direct integration to realize synergies while maintaining investment grade ratings.
The document is an investor presentation for Rowan Companies discussing its business outlook. It notes that Rowan is well-positioned for growth with a young, high-specification fleet operating in several markets. It highlights Rowan's focus on improving margins through cost control, reducing downtime, and optimizing capital allocation as it generates free cash flow. The presentation also discusses trends of aging jack-ups leaving the market and fewer new competitors that directly compete with Rowan's assets and capabilities.
Teekay LNG Partners reported record-high 2020 results, with adjusted net income up 39% and total adjusted EBITDA up 11% from 2019. The company also announced a 15% increase to its common unit distribution commencing in Q1 2021. Teekay LNG's fleet has 97% of available days fixed for 2021 and 89% fixed for 2022, providing stable cash flow. Global demand for LNG is expected to grow substantially over the next decades, driven by Asia and the transition away from coal, supporting strong long-term LNG shipping dynamics.
This document provides a summary of Plug Power Inc.'s business and strategy. It discusses Plug Power's leadership in hydrogen fuel cell technology, success in the material handling market with major customers like Walmart and Amazon, and plans to expand into new markets like electric vehicles. It also highlights the large market opportunity for electric vehicles in China and how Plug Power's expertise can translate to capturing part of this growing market.
This document provides background information on Foyson Resources Limited and its Integrated Green Energy plastics-to-fuels project. IGE has proven plastics-to-fuels technology operating at a commercial scale facility. Foyson plans to raise $5.8 million through an offering to expand IGE's capacity to process 200 tonnes per day of plastics, generating strong profitability. The experienced management team aims to rapidly scale up operations through projects in Australia, China, and North America to achieve over $100 million in EBITDA within five years.
Tsv investor presentation final 11 30-2016TextronCorp
The document provides an agenda and overview for an analyst meeting at a company. It discusses the company's golf, consumer, ground support, and commercial business lines. For golf, the strategies discussed include growing through multi-course operators and product innovation. In consumer, opportunities in personal transportation vehicles and side-by-sides are outlined. For ground support, recent acquisitions and growth in mobile equipment are highlighted. Finally, leveraging side-by-sides across agriculture, industrial, and turf applications is presented for the commercial business.
Teekay Corporation reported its fourth quarter and annual 2020 earnings. Total adjusted EBITDA was $201 million in Q4-20, down from $227 million in Q3-20, primarily due to weaker results at Teekay Tankers from a lower tanker market. Consolidated adjusted net income was $3 million in Q4-20, down from $15 million in Q3-20. For the full year 2020, total adjusted EBITDA increased 14% to $1.086 billion and consolidated adjusted net income was $83 million, compared to an adjusted net loss of $19 million in 2019.
This document provides a summary of Textron's Electrical Products Group conference. It begins with forward-looking statements about strategies, goals, projections, and risks. The summary then outlines Textron's leading branded businesses, which include aviation, helicopters, industrial, systems, and finance. Key programs and new products are highlighted across various business segments to showcase Textron's commitment to future growth both organically and through acquisitions.
- Teekay Corporation reported financial results for the fourth quarter and full year of 2021. Q4 results were stronger than Q3 due to a modest improvement in spot tanker rates. However, full year 2021 results were lower than 2020 due to a weak tanker market.
- Teekay completed the sale of its interests in Teekay LNG to Stonepeak, generating $641 million in proceeds. Teekay is now largely debt free with a net cash position over $300 million.
- Looking ahead, Teekay expects a decrease in Q1 2022 adjusted net income versus Q4 2021 primarily due to fewer spot tanker days and the sale of its LNG interests. However, tanker
Teekay Corporation Fourth Quarter and Fiscal 2013 Earnings PresentationTeekay Corporation
Teekay Corporation reported its financial results for the fourth quarter of 2013. Key highlights included:
- Teekay LNG and Teekay Offshore both increased their cash distributions by 2.5% in Q4.
- Teekay Parent agreed to sell its last four directly owned tankers to the new joint venture Tanker Investments Ltd.
- Construction of the Petrojarl Knarr FPSO project remains on schedule, with the unit expected to begin its charter in late Q4 2014.
- The company reported consolidated adjusted net income of $1.1 million, compared to $2.9 million in Q4 2012.
This document provides an overview of EnLink Midstream and its strategy for growth. It begins with forward-looking statements and definitions of non-GAAP terms. It then summarizes EnLink's assets and geographic footprint. The main points are:
1) EnLink's strategy is to provide midstream services to customers like Devon Energy, focus on fee-based contracts, leverage Devon sponsorship for growth opportunities, and pursue organic expansion projects.
2) Growth opportunities include potential dropdowns from Devon of $375 million in assets by 2017, expanding in areas where Devon is growing like the Permian Basin and Bearkat project, and organic projects like the Cajun-Sibon expansion.
3) The
Overview of Key Terms for a Water Purchase Agreement between the San Diego County Water Authority and Poseidon Resources - Presentation provided to the Water Planning Committee of the San Diego County Water Authority on September 27.
Greg Garland, Chairman and CEO of Phillips 66, discussed the company's accomplishments in 2014 and outlook. Key points included executing a $4 billion capital program, returning $4.7 billion to shareholders, and increasing the dividend rate by 28%. Garland projected over 30% growth in adjusted EBITDA by 2018 through expanding midstream and chemicals businesses. He emphasized Phillips 66's commitment to growing distributions and maintaining a strong balance sheet.
Altera Infrastructure Q1 20 Earnings Presentationsrogne
Altera Infrastructure reported its Q2-21 earnings. It had adjusted EBITDA of $110 million for the quarter. The company also announced a series of measures to improve its debt maturity profile and enhance liquidity, including exchanging $700 million of debt maturing from 2022-2024 for new secured notes due in 2026. This is expected to achieve over $80 million in annual cash flow savings and extend debt maturities. Altera aims to maintain operational excellence, maximize cash flow from existing operations, and position for growth in the shuttle tanker business.
This document provides an investor presentation for Crestwood Midstream Partners LP and Crestwood Equity Partners LP. It highlights key points such as 2016 guidance being on track, a focused growth strategy in core areas like the Delaware Permian and Bakken, a strong balance sheet and distribution coverage. It summarizes growth opportunities and projects in these regions that are expected to provide accretive cash flow growth beginning in 2018.
This corporate presentation by Consolidated Water Company (CWCO) provides an overview of the company and discusses its operations, financial performance, growth opportunities, and competitive advantages. Some key points:
- CWCO designs, builds, operates, and finances desalination plants and water systems around the world where freshwater is limited. It has 12 plants producing nearly 25M gallons/day.
- The company has four operating segments: retail water, bulk water, manufacturing, and services. It generates recurring revenue through long-term water supply contracts.
- Management sees opportunities for growth through organic expansion projects like a new 100M gallon/day plant under development in Rosarito, Mexico, as well as potential acqu
This corporate presentation by Consolidated Water Co. Ltd provides an overview of the company and its operations. It discusses CWCO's focus on designing, building, financing and operating desalination plants and water systems in areas where freshwater is limited. It highlights key stats such as revenue growth, market cap, operating segments, global presence and competitive advantages. The presentation also covers an expansion project under development in Rosarito, Mexico and discusses growth drivers and opportunities in the desalination market.
This corporate presentation by Consolidated Water Co. Ltd. provides an overview of the company and its operations. It discusses CWCO's focus on designing, building, financing and operating desalination plants and water systems in areas where freshwater is limited. It highlights the company's four operating segments and 13 plants across 6 countries producing over 25 million gallons per day. The presentation also outlines CWCO's competitive advantages, growth drivers, financial performance, and a new major project under development in Rosarito, Mexico.
The document discusses Consolidated Water Co (CWCO), a company that designs, builds, finances and operates seawater desalination plants and water supply systems. It provides an overview of CWCO's business segments, operating regions, financial performance, growth opportunities and acquisition strategy. Specifically, it highlights a major new project under development in Rosarito, Mexico to develop a 100 million gallon per day desalination plant in two phases. It also notes CWCO's goal to continue acquiring existing water treatment businesses to diversify and expand.
This document discusses Consolidated Water Co. (CWCO) and provides an overview of their business and investment highlights. Key points include: CWCO provides water solutions including desalination plants and water distribution systems, they have over 40 years of operating experience, long term contracts provide recurring revenue and visibility, they see opportunities for organic expansion like their Rosarito, Mexico project, and acquisitions allow for industry consolidation and diversification like their acquisition of Aerex Industries. Their strong balance sheet supports growth investments while their core business is masked by expenses related to the Rosarito project.
This document summarizes Consolidated Water Co as an investment opportunity. It highlights CWCO's proven operating expertise in water desalination and distribution, long term contracts providing recurring revenue, opportunities for organic growth through projects like their Rosarito plant in Mexico, potential for industry consolidation via acquisitions like Aerex Industries, and a strong balance sheet to support investments. It notes the Rosarito project temporarily masks the strong performance of CWCO's core business.
The document discusses Consolidated Water Co., highlighting several key points about the company. It notes Consolidated Water provides water solutions where natural freshwater is limited. It summarizes the company's operating expertise, long-term contracts providing revenue visibility, opportunities for organic expansion like the Rosarito project in Mexico, potential for industry consolidation through acquisitions like Aerex Industries, and a strong balance sheet to support growth. The presentation outlines several investment highlights for Consolidated Water.
CWCO Investor Presentation October 2018Jeremy Keyser
This document summarizes Consolidated Water Co as an investment opportunity. It highlights positive long-term trends in water scarcity driving growth in desalination markets. Consolidated Water has proven operating expertise in water desalination and distribution under long-term contracts. The company is pursuing organic expansion like its Rosarito, Mexico project and industry consolidation through acquisitions like Aerex Industries. Its strong balance sheet supports investment in growth opportunities, though the Rosarito project temporarily masks the strong performance of its core business.
CWCO Investor Presentation October 16, 2017Jeremy Keyser
This document discusses Consolidated Water Co., highlighting several key points about their business. CWCO designs, builds, finances and operates desalination plants and water systems around the world. They have a proven track record of operating expertise over 40 years, long term contracts that provide recurring revenue, and are pursuing organic expansion opportunities like a new plant in Rosarito, Mexico. The company also seeks to diversify through acquisitions like Aerex Industries. Their strong balance sheet allows for continued investment, though their investment in Rosarito currently masks the strong performance of their core business.
CWCO Investor Presentation October 16, 2017Jeremy Keyser
This document discusses Consolidated Water Co., highlighting several key points about their business. CWCO designs, builds, finances and operates desalination plants and water systems around the world. They have a proven track record of operating expertise over 40 years, long term contracts that provide recurring revenue, and are pursuing organic expansion opportunities like a new plant in Rosarito, Mexico. The company also seeks to diversify through acquisitions like Aerex Industries. Their strong balance sheet allows for continued investment, though their investment in Rosarito currently masks the strong performance of their core business.
Cwco Investor Presentation March 13, 2017Jeremy Keyser
Consolidated Water provides water desalination and water distribution services. It operates desalination plants in the Cayman Islands, Bahamas, US, Belize, and BVI. It is developing a large desalination plant project in Rosarito, Mexico. Consolidated Water has a history of stable revenues and earnings and seeks to expand into new markets through projects like the one in Mexico and the acquisition of Aerex Industries, a water treatment equipment manufacturer.
CWCO Investor presentation June 13, 2017Jeremy Keyser
Consolidated Water provides water desalination plants and water distribution systems where freshwater is limited. It operates in several countries including the Cayman Islands and Bahamas. The company is developing a large desalination plant project in Rosarito, Mexico. Consolidated Water has a history of dividend payments and acquired Aerex Industries to expand into water treatment equipment manufacturing and services.
Consolidated Water Investor PresentationJeremy Keyser
This presentation discusses Consolidated Water's business providing desalinated water and water treatment services globally. It highlights the company's operating segments and locations, competitive advantages including use of best technology and long term customer contracts, and growth strategy pursuing new markets and complementary services like its recent acquisition of Aerex Industries. Key projects discussed are a proposed 100MGD desalination plant in Rosarito, Mexico and an existing plant expansion in Bali, Indonesia.
The document provides an overview of Neptune Water Remediation Services' business, including its water remediation technology, market focus on the oil and gas industry, and broader global market focus on water, wastewater, and industrial water treatment. It discusses the growing global water crisis, how the company addresses the market with its patented Fisk Neptune Processor, and its business structure and revenue model focusing on technology development and recurring services.
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3. NASDAQ:CWCO
Key Stats (NASDAQ: CWCO)
3
Revenue GrowthStock Price (11/8/19) $17.14
52 Week Low-High $10.76 - $17.87
Avg. Vol. (3-mo.) 62,710
Shares Outstanding 15.0M
Public Free Float (est.) 95%
Insider Holdings (est.) 5%
Institutional Holdings 56%
Market Cap $258M
Enterprise Value $216M
Total Revenue ttm $69.2M
Gross Profit ttm $28.5M
Net Income ttm $12.9M
Net Income Margin ttm 19%
Cash @ 9/30/19 $42.0M
Total Assets $182.8M
Total Debt $0.0M
Total Liabilities $9.8M
Dividend Yield 1.9%
Book Value per Common Share $10.89
Founded 1973
U.S. IPO 1995
Full-time Employees 108
3
ttm = Trailing twelve months ended September 30, 2019
Sources: Nasdaq.com, Yahoo! Finance, and company estimates
($millions)
$55.3M
$59.4M
$65.7M
$69.2M
2016 2017 2018 TTM
Services
Manufacturing
Bulk
Retail
Revenue excludes CW-Belize which was sold in February 2019.
4. NASDAQ:CWCO
Who We Are
• Develop and operate advanced water supply and treatment
plants and water distribution systems
• Focused on areas of the world where freshwater supplies are
limited or non-existent
• 25.6 million gallons per day produced by 12 plants in three
countries—primarily in the Caribbean/Bahamas 1
• Equipment manufacturer & service provider for municipal water
treatment and industrial water/wastewater treatment in the U.S.
• Long-term engagements protect margins, generate recurring
revenue
• Pursuing both organic and acquisitive growth strategies, while
providing shareholders solid dividend yield
41) Production capacity of retail, bulk and affiliate operations as of December 31, 2018, excluding Belize which was sold in February 2019 and CW-Bali which was sold in June 2019.
5. NASDAQ:CWCO
$16.4B
$37.6B
17 18 19 20 21 22 23 24 25 26
5
Global Opportunity for Desalination
• Market to double by 2026, reaching $37.6 billion @
9.5% CAGR
• 1,700+ desalination plants globally, more being
commissioned
• Multiple catalysts for desalination market growth:
• Shrinking/limited fresh water resources
• Adverse environment changes
• Growing populations
• Increasing fresh water prices
• Improving regulatory and tax environments
• Market maturing in Middle East, Africa, Southern
Europe, and some parts of the Caribbean
• However, huge potential in developing and highly-
populated regions of Asia Pacific and Latin America
Source: Credence Research Sep 2018
Global Desalination Market Growth
6. NASDAQ:CWCO
We Address this Opportunity through
Four Operating Segments
Retail Water Bulk Water Manufacturing Services
Cayman Islands: Exclusive
government license to
operate as a water utility.
Produce and supply water to
residential, commercial and
government customers.
Serve two of the three most
populated and rapidly
developing areas on Grand
Cayman Island.
Retail TTM revenue: $26.7M
or 39% of total revenue.
Cayman Islands & The
Bahamas: We produce and
supply water to government-
owned distributors.
British Virgin Islands: We
own 43.53% of the equity
rights of Ocean Conversion
(BVI) Ltd., which produces
and supplies bulk water to
the British Virgin Islands
Water & Sewerage
Department.
Bulk TTM revenue: $28.6M
or 41% of total revenue.
Manufacture and service a
wide range of water-related
products.
Design, engineer, manage,
operate, and provide other
services for commercial,
municipal and industrial
water production, supply and
treatment.
Substantially all customers
are U.S. companies.
Manufacturing TTM revenue:
$12.9M or 19% of total
revenue.
Plant construction,
management and operating
services.
Services TTM revenue:
$1.0M or 2% of total
revenue.
6TTM = Trailing twelve months ended September 30, 2019
7. NASDAQ:CWCO
7
Global Presence
British Virgin Islands
2 Plants, 0.8M gal./day
The Bahamas
3 Plants, 14.9M gal./day
Aerex Industries
Ft. Pierce, FL
Cayman Islands
7 Plants, 9.9M gal./day
Rosarito, Mexico (In Development)
1 Plant, 50.0M + 50.0M gal./day
US Office
Coral Springs, FL
Overview
Countries of Operation: 4
Plants in Operation: 12
Gallons per Day, current: 25.6M 1
Plants Under Development: 1
Additional Gallons per Day in development: 100M
We focus on Areas of the World Where Freshwater Supplies are Limited or Non-Existent
1) Production capacity of retail, bulk and affiliate operations as of December 31, 2018, excluding Belize which was sold in February 2019 and CW-Bali which was sold in June 2019.
PERC Water Corporation
Costa Mesa, CA
8. NASDAQ:CWCO
8
Desalination: How it Works
Intake
Water sourced
directly from the
ocean or from
seawater well.
Reverse Osmosis Process
Semi-permeable membrane
breaks connection between salt
and water molecules by
rejecting the salt.
Pretreatment
Filtered to remove
suspended
particles (sand,
grit, algae) and
chemicals
(hydrocarbons).
Desalination
Water pumped
through special
membrane.
Removes >99%
dissolved solids (salt,
minerals), bacteria,
and viruses.
40% conversion from
salt to fresh water.
Waste
Brine discharged
in environmentally
responsible
manner into
ocean or deep
injection well.
Post-treatment
Water chlorinated
and pH adjusted as
needed.
Minerals can be
added to match taste
of existing water
supply.
To the Public
Potable water stored
and released to
municipal customers
(bulk segment) or
distributed through our
utility directly to end
users (retail segment).
9. NASDAQ:CWCO
We operate plants and
water distribution
systems for our
commercial & industrial
customers, as well as
those of other
companies.
Our experience and
know-how ultimately
reduces the cost of
water.
We provide financing for
our projects as requested
by our customers.
Allows us to provide the
full-turn key solution,
even the financing.
45 years’ experience
building plants and
distribution systems, and
delivering specialized
water equipment.
Fast-tracked construction
schedules.
Specialized manu-
facturing capabilities.
Turn-key solutions for
areas with limited fresh
water supply.
Proven, highly efficient
engineering design
derived from operating
experience.
Extensive design
experience by top water
engineers.
Our Value Proposition
9
10. NASDAQ:CWCO
10
Aerex Industries
• Acquired 51% interest in Aerex Industries in
February 2016
• OEM (original equipment manufacturer) and
service provider for municipal water treatment
and industrial water/wastewater treatment
• Provides a platform to penetrate the lucrative U.S.
water and wastewater market
• Diversifies revenue sources
11. NASDAQ:CWCO
11
Competitive Advantages
45 years of broad industry experience
Can design, build and operate highly energy-efficient plants
Ability to provide “Turn-Key” water treatment and
distribution solutions
Operating margins protected by long-term water supply
contracts with inflation and energy cost hedges
Specialized manufacturing expertise (Aerex)
Strong balance sheet ($42.0M cash, no debt)
12. NASDAQ:CWCO
Net IncomeRevenue Gross Profit
12
Financial Performance ($millions)
$23.0M $24.0M
$26.7M
$28.5M
2016 2017 2018 TTM
Services
Manufacturing
Bulk
Retail
$55.3M
$59.4M
$65.7M
$69.2M
2016 2017 2018 TTM
Services
Manufacturing
Bulk
Retail
$4.0M
$6.1M
$11.3M
$12.9M
2016 2017 2018 TTM
Dividend Yield: 1.9%
TTM = Trailing twelve months ended September 30, 2019
Revenue excludes CW-Belize which was sold in February 2019.
Gross profit excludes CW-Belize which was sold in February 2019.
13. NASDAQ:CWCO
13
Rosarito Project – Under Development
• New major project under development in Rosarito, Baja
California, Mexico
• 100M gal./day seawater desalination plant
• Two development phases of 50M gal./day each
• Opportunity to export water to U.S. markets
• Financing by third-party non-recourse debt and equity
• CWCO will own equity position in the plant
• Water to be sold under long-term contract (37 years)
• CWCO/Suez JV to also have 40-year O&M (operations &
maintenance) contract
Rosarito,
Baja California
14. NASDAQ:CWCO
14
Rosarito Project – Next Steps
• State water agency to establish and register various
payment trusts, guaranties and bank credit lines
• Acquire remaining rights-of-way for the aqueduct
• Execute debt and equity agreements
• Begin construction
15. NASDAQ:CWCO
15
Acquisition Strategy
• Target existing water treatment-related businesses.
• Follow successful approach used in last several transactions.
• Primary target is complementary business to base business
model: companies that operate advanced water treatment plants
for governments or governmental agencies under medium to long
term contracts.
• Also looking at manufacturing and technology companies,
similar to Aerex Industries, that provide a competitive edge to
obtain new contracts and/or access to new markets.
• Will utilize existing cash and can leverage strong balance sheet if
debt is required.
16. NASDAQ:CWCO
16
• PERC Water is an award-winning water infrastructure
company headquartered in Costa Mesa, CA.
• Develops, designs, builds, operates and manages water and
wastewater infrastructure throughout Western U.S.
• Strong presence in the Southwest, where water shortages are
increasingly prevalent.
• Provides a proven platform to expand our core business of
designing, constructing and operating desalination plants to
water-short regions of the U.S., particularly the Southwest.
• Demonstrates strategy to widen our geographical footprint,
expand into new markets, and diversify our revenue stream
with synergistic product and service offerings.
PERC Water Acquisition Expands Product Offerings
& Presence in the U.S.
17. NASDAQ:CWCO
Revenue Growth
($millions)
17
Key Takeaways
• Expert in all facets of desalination plants and water
distribution systems with decades of experience
• Long-term contracts provide recurring revenue stream with
margin protection
• High-growth global market opportunities
• Manufacturing operations diversifies revenue, provides
access to U.S. market
• PERC acquisition diversifies revenue sources and provides
opportunity for further expansion in the U.S.
• Favorable organic and acquisitive expansion opportunities
• Strong balance sheet supports ability to invest
• Rosarito project anticipated to be transformative
$55.3M
$59.4M
$65.7M
$69.2M
2016 2017 2018 TTM
Dividend Yield: 1.9%
Revenue excludes CW-Belize which was sold in February 2019.
18. NASDAQ:CWCO
18
Contact Us
Investor Relations
Ron Both
CMA
Tel 949.432.7566
CWCO@cma.team
U.S. Office:
Aquilex, Inc.
5810 Coral Ridge Drive
Suite 220
Coral Springs, FL 33076
Tel 954-509-8200
Corporate HQ:
Consolidated Water Co. Ltd.
Regatta Office Park
Windward Three, 4th Floor
West Bay Road
PO Box 1114
Grand Cayman, KY1-1102
Cayman Islands
Tel 345-945-4277
info@cwco.com
www.cwco.com
NASDAQ:CWCO
19. NASDAQ:CWCO
Frederick W. McTaggart
President, Chief Executive
Officer and Director
Director of the company
since 1998.
President since October
2000 and Chief Executive
Officer since January 1,
2004.
Chief Financial Officer from
February 2001 to January
2004.
From April 1994 to October
2000, was the Managing
Director of the Water
Authority-Cayman, the
government-owned water
utility serving certain areas
of the Cayman Islands.
BS in Building Construction
from the Georgia Institute
of Technology.
David W. Sasnett
EVP and Chief Financial
Officer
Executive Vice President
and Chief Financial Officer
since June 2006. Served on
Board of Directors from
December 2004 through
May 2015.
March 2014 - April 2015, a
member of the Board of
Directors of DubLi Inc.
Former CFO of VoIP Inc., a
publicly traded provider of
VoIP communication
services. Earlier was VP of
Finance and Controller for
MasTec, a specialty
contractor and
infrastructure provider
traded on the NYSE.
CFO of Catalina Lighting, a
NYSE listed manufacturer
and distributor of
residential lighting from
1996-2002.
12 years at Deloitte &
Touche. Certified Public
Accountant.
John Tonner
EVP and Chief Commercial
Officer
Joined as COO Sept. 2011.
Appointed EVP in 2013 and
CCO in 2016.
Previously president and
partner in Water
Consultants International, a
leading desalination
consulting firm.
30 years of engineering
experience with reverse
osmosis and membrane
technology. Has patented
reverse osmosis energy
recovery techniques.
Registered as a Chartered
Engineer, Chartered
Environmentalist and
European Ingenieur.
Provided due diligence
oversight for the some of
the largest desalination
projects in Asia, Australia
and Middle East.
Honors degree in
Mechanical Engineering
from University of Paisley,
Scotland.
Ramjeet Jerrybandan
EVP of Operations
Joined in 1998 as the
Operations Engineer in
Grand Cayman. Promoted
to Operations Manager
(Cayman) in 2005, became
VP of Overseas Operations
in May 2006 and promoted
to EVP of Operations
in December 2016.
Appointed as company
secretary in 2013.
Hold Bachelor of Science
degree in Industrial
Engineering and Master of
Science degree in
Engineering Management
from University of the
West Indies. Advanced
Diploma in Business
Administration from the
Association of Business
Executives of London.
Extensive training in
Information Technology,
including industrial
automation systems.
Robert B. Morrison
VP of Procurement and
Logistics
VP of Procurement and
Logistics since 2010.
Previously was purchasing
manager at DesalCo Ltd.
until Consolidated Water’s
acquisition of the company
in 2003, when he was
appointed VP of Purchasing
and IT.
A Certified Supply Chain
Management Professional,
with more than 30 years
experience in purchasing
and logistics.
Earlier was principal
Purchasing Officer for the
Ministry of Works &
Engineering of the Bermuda
government, and
Purchasing Manager for
American-Standard in
Toronto, Canada.
Armando Averhoff
VP of Information
Technology
Joined Consolidated Water
in November of 2010 as
Director of Information
Technology and was
promoted to VP of
Information Technology in
August 2014.
More than 25 years of
experience with various
aspects of information
technology including
infrastructure design,
networking, servers,
application development,
ERP systems and computer
operations.
Previously was IT Director
at Arrow Cargo Airlines and
Computer Operations
Manager at LNR Property
Corporation.
Brent Brodie
VP of Sales and Marketing
Appointed Director of Sales
and Marketing in
September 2010 and
promoted to VP of Sales
and Marketing in 2012.
12 years’ experience
serving in a variety of
positions with GE Water
and Process Technologies.
Most recently as Capital
Equipment Sales Manager
for the Caribbean region.
Responsible for the
management of multiple
market channels, including
Direct Sales, Indirect
Distribution, Sales
Representatives, Joint
Ventures and OEMs.
Bachelor of Science in
Chemical Engineering from
University of Minnesota.
Master of Business
Administration (Marketing
Emphasis) from the
University of Michigan.
Douglas R. Vizzini
VP of Finance
Joined in January 2007 as
Corporate Controller and
promoted to VP of Finance
in 2012.
20 years of experience
including more than eight
years with the accounting
firm of Deloitte & Touche,
and 10 years as corporate
controller for various public
companies.
Bachelor of Accounting and
Master of Science in
Taxation from Florida
International University and
is a Certified Public
Accountant.
Jamie Bryan
VP of Manufacturing
Joined in May 2019 as VP of
Manufacturing.
22 years’ experience of
operational management
experience in engineering,
manufacturing, plant
integration and
development, product
development, and
distribution.
Earlier, Bryan assumed
increasing responsibilities
at a family of
manufacturing companies,
including a global leader in
water distribution and
infrastructure products. He
also previously served as
electrical and mechanical
engineer at a national
water systems provider, as
well as a plant manager for
a custom architectural
stone manufacturer.
Master of Business
Administration, a B.S. in
Mechanical Engineering and
a B.S. in Electrical
Engineering from Kent
State University.
19
Executive Management Team
20. NASDAQ:CWCO
20
Consolidated Balance Sheet
September 30, December 31,
2019 2018
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents $ 41,991,071 $ 31,337,477
Restricted cash 1,610,471 -
Accounts receivable, net 22,955,201 24,228,095
Inventory 3,031,011 2,232,721
Prepaid expenses and other current assets 2,151,903 1,035,796
Current portion of loans receivable - 734,980
Costs and estimated earnings in excess of billings 1,656,392 835,669
Current assets of discontinued operations - 1,959,494
Total current assets 73,396,049 62,364,232
Property, plant and equipment, net 62,106,181 58,880,818
Construction in progress 925,570 6,015,043
Inventory, non-current 4,534,038 4,545,198
Investment in OC-BVI 1,879,448 2,584,987
Goodwill 8,004,597 8,004,597
Land and rights of way held for development 24,161,024 24,161,024
Intangible assets, net 1,331,111 1,891,667
Operating lease right-of-use assets 4,393,737 -
Other assets 2,046,090 2,123,999
Long-term assets of discontinued operations - 1,944,033
Total assets $ 182,777,845 $ 172,515,598
LIABILITIES AND EQUITY
Current liabilities
Accounts payable, accrued expenses and other current liabilities $ 2,152,023 $ 4,570,641
Accrued compensation 1,367,856 1,286,468
Dividends payable 1,290,291 1,286,493
Current maturities of operating leases 647,709 -
Billings in excess of costs and estimated earnings - 109,940
Current liabilities of discontinued operations - 646,452
Total current liabilities 5,457,879 7,899,994
Deferred tax liability 494,513 659,874
Noncurrent operating leases 3,809,573 -
Other liabilities 75,000 199,827
Total liabilities 9,836,965 8,759,695
Commitments and contingencies
Equity
Consolidated Water Co. Ltd. stockholders' equity
Redeemable preferred stock, $0.60 par value. Authorized 200,000 shares; issued and
outstanding 33,751 and 34,796 shares, respectively 20,251 20,878
Class A common stock, $0.60 par value. Authorized 24,655,000 shares; issued and
outstanding 15,027,574 and 14,982,906 shares, respectively 9,016,544 8,989,744
Class B common stock, $0.60 par value. Authorized 145,000 shares; none issued - -
Additional paid-in capital 87,858,251 87,211,953
Retained earnings 65,847,791 59,298,161
Cumulative translation adjustment - (549,555)
Total Consolidated Water Co. Ltd. stockholders' equity 162,742,837 154,971,181
Non-controlling interests 10,198,043 8,784,722
Total equity 172,940,880 163,755,903
Total liabilities and equity $ 182,777,845 $ 172,515,598
Editor's Notes
Good Morning ladies and gentlemen,
Before we get started please take note of this slide regarding forward looking statements you might here today.