Solaris Energy Infrastructure (SEI) Investor presentation summary

Business overview and growth strategy

• Operates in turnkey power solutions for hyperscalers, data centers, utilities, and industrial sectors, with a market capitalization of $5-6 billion.

• Over 3.3 GW of generation capacity under firm OEM purchase orders and long-term agreements with leading tech companies.

• Adjusted EBITDA growth CAGR expected to exceed 50% from 2025 to 2029, with over 90% of EBITDA from power solutions.

• Founder-led management with over 20% insider ownership, ensuring strong shareholder alignment.

Recent developments and acquisitions

• Secured $1.25 billion in bonds at 7% and increased revolver capacity to $850 million to support growth.

• Acquired Omega, a specialized EPC firm, and Global Energy Services Alliance, expanding in-house capabilities and service offerings.

• Added approximately 100 MW of generation capacity, bringing the pro forma fleet to 3.3 GW.

• Raised 2026 EBITDA guidance and initiated Q1 2027 guidance, reflecting strong performance and integration of new service lines.

Contract portfolio and project pipeline

• $5 billion in current and planned investments in power projects, with long-term contracts for data centers and industrial clients.

• Major contracts include multi-year agreements with investment-grade counterparties, such as Stateline Power and Hatchbo.

• Over 80% of run-rate EBITDA is under long-term contracts, with increasing tenor and customer diversity.

• Contracted and potential annual adjusted EBITDA at full deployment estimated at $1.3–1.5 billion.