Capstone Energy+ (CEPL) Investor presentation summary

Business strategy and technology leadership

• Focus on proprietary microturbine technology offering fuel flexibility, low emissions, and high efficiency for distributed power generation.

• Product portfolio includes scalable microturbines (65 kW to 1250 kW) targeting diverse sectors such as oil & gas, data centers, hospitals, and industrials.

• Strategic investments in 800 VDC platforms and advanced combustion liners to support next-generation AI data centers and achieve ultra-low NOx emissions.

• Energy Surplus Program (ESP) integrates microturbines, absorption chillers, dry coolers, and battery storage for data center applications.

• Roadmap aligns with industry shift to high-voltage direct current (HVDC) infrastructure for AI factories, enhancing efficiency and reliability.

Market opportunity and growth drivers

• Data center market projected to grow at a 15.6% CAGR through 2029, with North America contributing 35% of incremental growth.

• Proprietary technology positions the company to capitalize on the transition to 800 VDC power infrastructure in AI-driven data centers.

• Microturbine solutions offer competitive total cost of ownership, with higher upfront costs offset by lower maintenance and operational savings.

• Over 10,600 units deployed globally, demonstrating proven reliability and market acceptance.

• Renewed strategic growth initiatives and restructuring have driven material revenue growth and margin expansion.

Financial performance and operational highlights

• Q2 FY26 revenue reached $28.4M, up 25% year-over-year, with gross margin improving to 32%.

• Adjusted EBITDA for Q2 FY26 was $4.5M, marking six consecutive quarters of positive adjusted EBITDA.

• Net income for Q2 FY26 was $0.8M, compared to a net loss of $0.4M in Q2 FY25.

• Cash and cash equivalents stood at $7.7M as of September 30, 2025, with inventories stable at $20.3M.

• Operating cash flow for the first half of FY26 was negative $1.0M, reflecting ongoing investments and growth initiatives.