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SCRAP IS THE NEW
PRECIOUS METAL

We’re at an Inflection Point in Greenwave's Growth

We operate 13 metal recycling facilities in Virginia North Carolina, and Cleveland, OH and generated $18.46  million in revenue during the six months ended June 30, 2023. 


Further, we generated $1.23 million in cashflows from operating activities during the six months ended June 30, 2023.

We plan to aggressively expand our footprint of locations by rolling up independent, profitable scrap yards in the coming months.

Greenwave Location Footprint

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Applying Technology to Scrap Metal

Downstream Processing System Commences Operations

Greenwave has generated tens of thousands of dollars per business day in revenue, with margins exceeding 80%, from metal recovered by the downstream system since it commenced operations in July 2023. As Greenwave continues to optimize the operation of its downstream processing system, and brings a copper extraction component online, revenues generated by its downstream processing system could continue to grow.

OPTIMAL METAL MARKET CONDITIONS

Greenwave strengthened its balance sheet by approximately $80.5 million from February to June 2024, including $45.3 million in capital infusions and more than $30 million in debt converted and exchanged into equity.

The Company now has its strongest cash position in corporate history, has a fully funded business plan, and regained full compliance with Nasdaq listing standards in June 2024.

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UTILIZING TECHNOLOGY TO OPTIMIZE OPERATIONS

We have recently implemented several technologies to increase metal processing volumes and operating efficiencies, including a cloud-based ERP system to manage inventories and operations along with a website with live metal prices for each location.

We believe that these systems will create a solid foundation on which we can rapidly expand our facilities and scale our operations.

2024 OUTLOOK

The installation of Greenwave's second automotive shredder at its Carrollton facility to process cars, household appliances and industrial products in now complete. The shredder is expected to commence operation as soon as the electrical infrastructure is completed. Greenwave’s second automotive shredder is expected to come online this quarter and  double the Company’s ferrous metal output. By selling its ferrous metal as shredded rather than unshredded, Greenwave generates approximately 25-30% more revenue with profit margins in excess of 60%.

 

The completion of Greenwave’s second automotive shredder concludes its multi-year capex cycle, under which the Company has invested more than $15 million in its infrastructure and equipment over the past 18 months. This capex cycle is expected to double its ferrous metal processing capacity from fiscal 2022 levels and result in the Company having the infrastructure to accretively scale its metal recycling facilities.

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Significant Environmental Benefits

STEEL IS ONE OF THE WORLD'S MOST RECYCLED MATERIALS

Unlike plastics and other materials, steel is able to be melted and re-cast countless times as it has no structural memory.

Recycling steel, rather than using virgin materials, cuts CO2 emissions by approximately 75% while utilizing approximately 70% less energy.

Currently, two out of every three tons of steel produced comes from recycling, up from one out of every ten tons in 1980. 

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Greenwave by the Numbers

13

Locations and Growing

$35.67M

Revenue for the year ended December 31, 2023

$45M

Capital Infusions in 2024

144

Employees as of March 22, 2024

Time-Tested Relationships

Our
Partners

We have meaningful business relationships with many of the leading companies in the metal recycling industry, some of which have been building for nearly 20 years.

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Press Releases

We believe consistent, honest communication with our shareholders is critical to our success.

Greenwave Technology Solutions Completes Recapitalization

June 18, 2024

Company Strengthens Balance Sheet by $80.5 Million since February
 

Greenwave Attracts $45.3 Million in New Capital Infusions since March
 

Company's Business Plan Fully Funded with No Current Need for Additional Capital

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