Koil Energy Solutions (KLNG) investor relations material

Business overview and market position

• Operates in the subsea segment of offshore oil and gas, providing critical underwater connectors, cables, and control systems for field development and production.

• Offers about 20 product lines and 20 services, positioning itself as a comprehensive provider for subsea projects, with a unique breadth of offerings compared to similarly sized competitors.

• Emphasizes a culture of responsiveness, speed, and collaboration, with an average employee tenure of over 10 years, supporting rapid problem-solving and project execution.

• Maintains a vertically integrated supply chain, enabling efficient delivery and customization for client needs.

• Focuses on speed and reliability as key differentiators, especially valued in time-sensitive offshore projects.

Financial performance and growth strategy

• Achieved 78% year-over-year revenue growth in the latest quarter, all organic, with EBITDA rising by nearly $1 million to $1.1 million for Q2 2026.

• Revenue has grown at a 13% sequential rate over the past four quarters, reaching a record $9 million in the most recent quarter.

• Targets profitable growth each quarter, with a focus on acquiring new clients and expanding service offerings.

• Opened a regional office in Brazil, securing its first major contract there, and continues to invest in international expansion.

• Entered a $5 million asset-based lending facility to support capital expenditures, with officers and directors holding 22% ownership.

Strategic initiatives and future outlook

• Pursuing global expansion, aiming to offer its full suite of products and services in all major subsea basins worldwide.

• Rental equipment business is a key growth area, with a strategy to secure contracts before investing in assets, targeting payback within one to two years.

• Plans to deliver integrated solutions combining multiple products and services, increasing value for clients and operational synergies.

• Recent project wins include integrated subsea distribution systems, major carousel fabrication, and service contracts in West Africa and Brazil.

• Sees strong industry tailwinds from increased offshore investment, energy security concerns, and the rise of subsea tiebacks for rapid production.