Evolution PowerX (E) Investor presentation summary

Business overview

• Provides site power systems, infrastructure, and services to Canadian resource and construction industries, with a focus on natural gas turbine electrification systems.

• Achieved over 18% five-year revenue CAGR and maintains a ~34% LTM adjusted EBITDA margin.

• Operates through five subsidiaries across two divisions: Power Solutions and Site Infrastructure.

• Serves blue-chip clients in energy, construction, mining, and industrial sectors, offering turnkey, industry-agnostic electrification solutions.

• Leadership team owns over 30% of shares and has a strong track record of accretive acquisitions and share buybacks.

Market and macroeconomic trends

• North American electricity demand is projected to grow 35-50% between 2024 and 2040, driven by manufacturing, data centers, and electrification of transport.

• Natural gas is positioned as the lowest-cost, most abundant, and fastest-to-deploy power generation source.

• Over $60B in new Canadian LNG export projects announced, representing more than 25% of current gas production.

• Major strategic interest in Western Canadian natural gas assets, with significant M&A activity and long-term supply advantages.

• Canadian E&P spending and gas production are forecasted to rise in 2026, underpinned by LNG export capacity and AI-driven demand.

Competitive advantages and sustainability

• Exclusive provider of Flex Energy Solutions gas turbines in Canada, offering up to 20-year operating life and >99% uptime.

• Gas turbines deliver significant cost savings (up to 100% using flare gas) and dramatic emission reductions compared to diesel generators.

• Mobile fleet supports up to 40 MW of site electrification, with 24/7 remote monitoring and no upfront capex for clients.

• Solutions provide substantial cost, emission, and safety improvements for clients.

• Demonstrated industrial application with projects like the City of Grand Prairie's CHP installation, yielding rapid payback and major CO2 reductions.