Greenlane Renewables (GRN) investor relations material

Strategic positioning and market opportunity

• Focuses on accelerating the energy transition through advanced biogas desulfurization and upgrading technology.

• Operates in the fast-growing global renewable natural gas (RNG) market, with Brazil showing particularly strong demand growth.

• RNG is positioned as a high-value, low-carbon solution for hard-to-decarbonize sectors, supporting energy security.

• Anticipates 15% annual global RNG industry growth and 21% in Brazil, with biomethane demand in Brazil projected to increase 7X by 2035.

• Holds a strong track record with over 500 systems sold in 32 countries and more than 35 years of industry experience.

Business model and product innovation

• Operates across three business areas: proprietary standard products, system integration and delivery, and parts and service.

• Proprietary product lines include Cascade LF (landfill gas upgrading), Cascade H2S (biogas desulfurization), Cascade MS (membrane separation), and Cascade H2O (water wash).

• System integration delivers turnkey biogas upgrading solutions by combining proprietary and third-party equipment.

• Recurring revenue is driven by comprehensive maintenance contracts, remote monitoring, and technical support.

• Recent innovation includes four new patent filings since December 2024, underpinning the Cascade LF product.

Financial performance and discipline

• Achieved approximately 28% adjusted EBITDA on $39M revenue in 2025 (proforma, non-IFRS), with strong positive growth in proprietary products and services.

• Maintained a solid cash balance of $17.7M and no debt as of December 2025.

• Adjusted EBITDA improved from -$1.7M in 2024 to $2.3M in 2025, with gross margin rising from 32% to 43%.

• Market capitalization was approximately $40M as of March 2025, with insider ownership around 9%.

• Focus remains on growing adjusted EBITDA and maintaining healthy cash reserves.