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WPRT: The Financial Aspects of Westport Fuel Systems, Inc.

IN FOCUS: THE FINANCIAL ASPECTS OF WESTPORT FUEL SYSTEMS, INC. AND THE ECONOMICS OF ALTERNATIVE FUEL VEHICLES VERSUS OTHER TECHNOLOGIES..

The alphaDIRECT Insight

We continue to believe that alternative fuel vehicles will play an important part of the new energy vehicle portfolio both in terms of passenger and commercial platforms. Westport Fuel Systems is well positioned to take advantage of that megatrend and the recent turnaround and operational excellence initiatives are positioning the company for a critical inflection point in 2018. Specifically, the company is making solid progress in our view towards their previously stated goal of being adjusted EBITDA positive by early 2018. Although we expect automotive will experience some growth, the real driver will be operational excellence, margins and the launch of Westport HPDI 2.0™. We also look to CWI to be a positive contributor on the back of new product launches and what should be lower R&D expenses. The Corporate and Technology segment should also be a positive factor as costs should come down meaningfully following the launch of HPDI 2.0. Overall 2018 is a key year for investors and is potentially a critical inflection point for the company.

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