SunPower(SPWR) - 2021 Q1 - Earnings Call Presentation

Financial Performance & Growth - SunPower achieved over 30% year-over-year (YoY) growth in blended bookings[5] - The company experienced a 60% YoY increase in dollar gross margin growth in Q1 2021[5] - SunPower anticipates over 40% EBITDA growth in 2022[5, 31] - Q1 2021 adjusted EBITDA was $19 million, a significant increase compared to $(3) million in Q1 2020[25] - Net resource debt decreased by approximately 50% from the prior year, reaching $300 million[25] Residential Business Momentum - SunPower added 12,000 new customers in Q1, bringing the total customer base to 363,000[11] - Residential value creation in Q1 was $0.41 per watt, with 55% of sales being full systems[11] - Residential gross margin reached 22%, an increase of 780 basis points YoY[11] - SunVault™ Storage annualized April bookings run rate exceeded $50 million[11] Commercial & Industrial (C&I) Solutions - SunPower has contracted and awarded over 275 MW of solar and over 250 MWh of storage for recognition in 2021-22[18] - The company has secured a pipeline of over 115 MW for community solar projects[20] - Front-of-the-Meter (FTM) storage projects include over 20 MWh under contract and over 400 MWh awarded or shortlisted[20, 23] Strategic Initiatives & Market Expansion - SunPower is expanding its platform and financing options for dealers[10, 16] - The company is pursuing partnerships to expand its installer network and leverage its customer base[10, 16] - SunPower is extending its servicing platform to loans and exploring commercial project ownership through SunStrong[10] - The company is expanding its New Homes efforts to include Multi-Family projects and is focused on storage solutions[10]