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fluence 29 July 2021 Fluence Corporation Q2 2021 Quarterly Activities Report Fluence Corporation Limited ( ASX : FLC ; the " Company " ) presents its Quarterly Activities Report and accompanying ASX Appendix 4C ( the " Quarterly Cashflow Report " ) for the quarter ended 30 June 2021 ( " Q2 2021 " ) . All financial numbers herein are in US dollars . Q2 2021 Summary ■ ■ ■ Strong Revenue Growth - Revenue of $ 27.2M up 49 % over Q1 2021 and 169 % over Q2 2020. China revenues for Q2 2021 up 48 % on Q2 2020. SPS revenues of $ 7.8M in Q2 2021 . Continued strong adoption of MABR Smart Products Solutions - 15 MABR plants sold in Q2 2021 and 34 year to date , bringing the total sold worldwide to 281 . Backlog¹ Strong - $ 175M contracted backlog of which SPS backlog is $ 18.7M , showing strong SPS momentum Cost Out Improvement - Continued operating efficiency gains - operating expenses down 7 % for 1H 2021 versus 1H 2020 . " EBITDA positive in Q2 2021 " ■ Cash Flow Positive - Operating cash flow positive of $ 13.0M . Net Cash Position - cash balance of $ 23.7M , as well as $ 38.4M in short and long - term liquid investments . Smart Products Solutions ( SPS ) and Business Development The first MABR plant in Sihanoukville , Cambodia has now been fully commissioned and is operating well with capacity to treat wastewater for 60,000 people . This enables discussions on new projects there to move forward . Fluence sold 15 MABR plants in Q2 2021 and a total of 34 year to date bringing the global total sold to 281 MABR plants . Year to date , 25 of these plants were bought by existing China volume partners Three Gorges , Hubei ITEST , Kaitian , Liaoning Huahong , and China Rail . 5 MABR plants sold in China were to new partners . Revenue in China for 1H 2021 was up 45 % on 1H 2020 . In Q2 3 MABR plants were sold in the US , bringing the total in US to 10. A SUBRE plant was sold in Israel to be installed at an important Christian pilgrimage site . The 281 plants have been sold in 11 countries and have collective capacity to treat wastewater for 750,000 people . 1 Note : " Backlog " only includes amounts that have been formally contracted for sale and not yet delivered to the customers and therefore still to be recognized as revenue . In particular for revenue from BOT contract it includes only 12 months of future revenue and does not include the remaining amount previously announced under volume partnerships . There are approx . $ 50M that remain from existing Volume Partnership Agreements that are yet to be contracted for sale . 1