TPI Composites, Inc. (NASDAQ:TPIC) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Christian Edin – Investor Relations Bill Siwek – President and Chief Executive Officer Ryan Miller – Chief Financial Officer Conference Call Participants Eric Stine – Craig-Hallum Morgan Reid – Bank of America Greg Wasikowski – Webber Research Pavel Molchanov – Raymond James Justin Clare – ROTH Capital Partners Luke Tilkens – Piper Sandler William Grippin – UBS Operator Good afternoon, and we ...

Q3 2022 Earnings Call November 3, 2022 Legal Disclaimer This presentation contains forw ard-looking statements w ithin the meaning of the federal securities law . All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forw ard-looking statements. In many cases, you can identify forw ard-looking statements ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37839 TPI Composites, Inc. (Exact name of registrant as specified in its charter) Delaware 20-1590775 (State or other jurisdiction of incorporation or organization) (I.R ...

Financial Data and Key Metrics Changes - The company reported sales of $452.4 million for Q2 2022, a slight decrease from $458.8 million in the same period last year, but an 18% increase sequentially from Q1 2022 [8][23] - Adjusted EBITDA for Q2 was $10.3 million, or 2.3% of sales, down from $17.4 million, or 3.8% of sales, in Q2 2021, primarily due to non-restructuring related operating costs [25] - The net loss attributed to common stockholders improved to $20.1 million from $39.8 million in Q2 2021, aided by a decrease in income tax expense and favorable foreign currency changes [24] Business Line Data and Key Metrics Changes - Wind blade sales were $414 million, down from $418.7 million in the prior year, driven by a 7% decrease in the number of wind blades produced [23] - The service business is expected to grow by 40% to 50% in 2022, while transportation revenue is anticipated to grow by approximately 40% [12][13] Market Data and Key Metrics Changes - The company has approximately $2.7 billion of potential wind blade revenue through 2024, with expectations for growth as contract negotiations are finalized [9] - The war in Ukraine has heightened the focus on energy security, positively impacting the long-term prospects of the European wind market [18][20] Company Strategy and Development Direction - The company aims to capitalize on expected long-term growth in the wind market by expanding global service offerings and enhancing logistics and recycling capabilities [20] - The company is diversifying its supply chain to reduce risks and improve pricing and availability [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term demand for wind energy, despite current challenges in the industry [20] - The company is focused on maintaining a strong balance sheet and is prepared to capitalize on recovery in the wind market [26] Other Important Information - The company has secured adequate raw materials for production in 2022, despite challenges in the supply chain [15] - The company is actively working on six to eight development projects with a high hit rate expected for new OEM supply agreements [47] Q&A Session Summary Question: Potential revenue under contract and timing of contract extensions - Management is in discussions for contract extensions for 14 lines expiring in 2022 and 20 lines in 2023, with announcements expected in the next quarter [32] Question: Restarting the Newton, Iowa facility - The facility could take six to nine months to ramp up, depending on the blade size and workforce rebuilding [33] Question: Impact of the Inflation Reduction Act on domestic sourcing - Management indicated that sourcing blades in the U.S. could lead to premium pricing, depending on the OEM [35] Question: DPA and offshore opportunities - Management has not focused significantly on the Defense Production Act but is optimistic about offshore opportunities [39][56] Question: European market and repower EU - Customers are optimistic about the long-term impact of the repower EU initiative, although immediate demand spikes are not expected [68] Question: Gross margin improvement drivers - Utilization of facilities is key to driving gross margin improvements, alongside cost control measures [54] Question: Transportation business growth expectations - The transportation business is expected to see over 40% top-line growth in 2022, with a strong outlook for 2023 [47] Question: M&A appetite and pipeline - The company remains open to M&A opportunities but is focused on core business execution first [52] Question: Impact of the lira on Turkish operations - The devaluation of the lira generally benefits the company financially, although it poses challenges for local suppliers [62] Question: Prevailing wage requirements under the Inflation Reduction Act - The company would comply with prevailing wage requirements if re-entering U.S. manufacturing [64]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37839 TPI Composites, Inc. (Exact name of registrant as specified in its charter) Delaware 20-1590775 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

COMPANY PRESENTATION June 2022 Legal Disclaimer 2 This presentation contains forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. In many cases, you can identify forward-looking statements by terms s ...

Q1 2022 Earnings Call May 5, 2022 to COMPOSITES。 Decarbonize & Electrify Legal Disclaimer 2 This presentation contains forward-looking statements within the meaning of the federal securities law. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements. In many cases, you can iden ...

TPI Composites, Inc. (NASDAQ:TPIC) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Christian Edin - Senior Director, IR William Siwek - President, CEO & Director Adan Gossar - Interim CFO & CAO Conference Call Participants Laura Sanchez - Morgan Stanley Hilary Cauley - Guggenheim Securities Justin Clare - ROTH Capital Partners Luke Tilkens - Piper Sandler & Co. Aaron Spychalla - Craig-Hallum Thomas Curran - Seaport Research Partners Pavel Molchanov - Raymond James & Associates A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $0.01 | TPIC | NASDAQ Global Market | Indicate by check mark wheth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37839 TPI Composites, Inc. (Exact name of Registrant as specified in its charter) Delaware 20-1590775 (State or other jurisdiction of ...