Babcock & Wilcox(BW) - 2021 Q3 - Earnings Call Presentation

Company Overview and Strategy - Babcock & Wilcox (B&W) is a global leader in advanced environmental, renewable, and thermal technologies and services for power and industrial applications, with over 150 years of experience[4, 12] - B&W's transformation is gaining momentum, with a pipeline of over $6.5 billion in identified project opportunities in high-growth markets over the next three years[5, 19] - B&W is expanding its clean energy portfolio through innovation and acquisition, including the launch of ClimateBright™ decarbonization technologies platform, acquisition of Fosler Construction Company Inc, and an agreement to acquire Voda A/S[5] Financial Performance and Targets - B&W achieved approximately $58 million in adjusted EBITDA in the 12 months ended September 30, 2021[6] - B&W is targeting an adjusted EBITDA of at least $70 million for FY2021 and $110-$120 million for FY2022[6] - As of September 30, 2021, B&W's LTM Q3 2021 Revenue was $681 million, with a revenue backlog of $101 million for B&W Renewable, $313 million for B&W Environmental, and $130 million for B&W Thermal[13] Market Position and Technologies - B&W has a large installed base of technologies, including more than 500 waste-to-energy and biomass-to-energy units in over 30 countries, and approximately 90 pulp & paper recovery boiler units in North America[11] - B&W's ClimateBright™ decarbonization technologies are ready for commercial demonstration, including BrightLoop™, OxyBright, and SolveBright[24] - B&W's waste-to-energy technology reduces methane emissions, with installations in more than 500 units in over 30 countries[26]