Solaris Energy Infrastructure, Inc. · NYSE:SEI
Solaris Energy Infrastructure — Investor Presentation (April 2026)
25 slides from Solaris Energy Infrastructure's investor presentation, Apr 27, 2026
Slide 1: Solaris Energy Infrastructure, Inc. Investor Presentation
Solaris Energy Infrastructure, Inc. Investor Presentation April 27, 2026
Slide 2: Business Overview
Solaris Energy Infrastructure Solaris Energy Infrastructure, Inc. Business Overview Delivers power generation and distribution solutions, and logistics equipment and services, serving clients in the data center, energy, and other commercial and industrial sectors. Our Locations 3.1 GW >20% Insider D
Slide 3: Recent Updates and Q1 2026 Highlights
Solaris Energy Infrastructure Secured Third Long-Term Power Contract with a New Global Technology Customer New commercial contract for >600 MW + balance of plant for a minimum term Recent Updates and of 10 years (plus a 5-year option) to support data center compute needs beginning in late 2026 and s
Slide 4: Solaris Earnings Have Transformed
Solaris Energy Infrastructure Solaris Earnings Have Transformed Driven by entry into power solutions, associated growth capital plans, and successful commercial contracting Legacy Business Current Illustrative Future (1) 2022-2024 Q1 2026 Annualized 2029+ Logistics Logistics Logistics Solutions Solu
Slide 5: Rapid Growth as a Premier Power Solutions Company
Solaris Energy Infrastructure Rapid Growth as a Premier Power Solutions Company Early Mover Advantage in Addressing Nascent and Rapidly Expanding Market Opportunity Expected Power Capacity Growth Illustrative Adjusted EBITDA Pro Forma Potential (4) (MW) ($ millions) Future Potential Future Potential
Slide 6: Solaris is a BTM Partner of Choice for Global Technology Leaders
Solaris Energy Infrastructure Solaris is a BTM Partner of Choice for Global Technology Leaders 2,000+ MW Multi-Year Partnerships with Global Technology Leaders On April 24, 2026, SEI entered into a new long-term contract to provide power to support our customer data center compute needs. Contract A
Slide 7: The Case for Longer-Term, Modular, Simple-Cycle Behind the Meter Power
Solaris Energy Infrastructure The Case for Longer-Term, Modular, Simple-Cycle Behind the Meter Power Q: Is this Bridge or Permanent Power? Primary or Backup? A: All of the above, but Evolving Towards Greater Permanence 1. 2. 3. 4. 5. Economics are Enhanced Long-term Increasing Federal and Local Pres
Slide 8: Evolution of Data Center Demand Driving Need for Co-Located Power
Solaris Energy Infrastructure Evolution of Data Center Demand Driving Need for Co-Located Primary + Backup Power Solutions Power Density of Next-generation GPUs Necessitates Custom Power Solutions Cloud Data Center Transitional AI Data Center “AI Factory” Data Center Future Data Center (CPUs) (GPUs)
Slide 9: Generation Stack Required to Support Modern Industrial Loads
Solaris Energy Infrastructure Generation Stack Required to Support Modern Industrial Loads Larger, Complex Power Needs Drive a Need for a Generation Stack with Multiple Sources of Generation / Redundancy Generation Stack Then (40-50 MW) Generation Stack Now/Future (1+ GW) Microgrid w/ Integrated Pri
Slide 10: Fully Integrated Model Enables Differentiated, Turnkey Power Solution
Solaris Energy Infrastructure Fully Integrated Model Enables Differentiated, Turnkey Power Solution Provide turnkey power solutions tailored to customer’s needs Custom Microgrids ‘Balance of plant’ offering, provides enhanced earnings and SCR emissions control equipment Expertise in Design, Engineer
Slide 11: Track Record and Framework for Generating Sustainable Returns
Solaris Energy Infrastructure Solaris' Track Record and Framework for Generating Sustainable Returns Experienced Management Team Returns Framework Management team has successfully addressed equipment-based bottlenecks and built differentiated Identify the Invest in the Right businesses in: Challenge
Slide 12: Significant Shareholder Alignment Supported by a Flexible Balance Sheet
Solaris Energy Infrastructure Significant Shareholder Alignment Supported by a Flexible Balance Sheet Capital Structure Priorities and Positioning Insider Ownership Consecutive Historical • Ownership mentality: Every employee is a Quarterly Dividends Dividend Raises shareholder >20% (1) 31 Three • C
Slide 13: A Unique Way to Invest in Electrification – High Growth Trading at a Discount
Solaris Energy Infrastructure A Unique Way to Invest in Electrification – High Growth Trading at a Discount Bloomberg Four-Year (2025-2029) Consensus EBITDA CAGR Bloomberg EV / 2028 Adjusted EBITDA Multiple (As of 4/24/2026) (As of 4/24/2026) SEI trades at one of the lowest multiples of peers with s
Slide 14: Key Takeaways
Solaris Energy Infrastructure Key Takeaways Provides Critical, Behind-the- Contract Coverage at Longer- Aligned, Founder-Led Meter Power Infrastructure term Tenors Significantly Management Team with Which Remains in Short Supply Derisks Cash Flows and Significant Insider Ownership and is Deployed Wi
Slide 15: Appendix
Solaris Energy Infrastructure Appendix solaris-energy.com
Slide 16: Company Values
Solaris Energy Infrastructure Company Values solaris-energy.com 16
Slide 17: Integrated Power Service Business Model Comparison
Solaris Energy Infrastructure Integrated Power Service Business Model Comparison Solaris receives fixed + variable monthly payments to provide co-located, behind-the-meter, turnkey service which includes the integrated provision of generation (turbines) and distribution (transformers, switchgear, an
Slide 18: Solaris Power Distribution Services Enhances Turnkey Power Offering
Solaris Energy Infrastructure Solaris Power Distribution Services Enhances Turnkey Power Offering Solaris also provides complex electrical control and distribution equipment and associated engineering and technical design services via its HVMVLV acquisition in August 2025, which is now part of Solar
Slide 19: Current Capital Plan: Growth to 3,100 MW Operated Fleet by 2029
Solaris Energy Infrastructure Current Capital Plan: Growth to 3,100 MW Operated Fleet by 2029 Expected Remaining Consolidated Capex ($ millions) Actual Forecast Forecast Q1 2026 Q2 2026 Q3 2026 Q4 2026 2026 2027 2028 2029 Consolidated Capex (1) $343 $490 $315 $115 $1,263 $425 $300 $240 (-) Total JV
Slide 20: Financial Guidance: Q2 and Q3 2026
Solaris Energy Infrastructure Financial Guidance: Q2 and Q3 2026 ($ and shares in millions) Q1 2026 Actual Q2 2026 Guidance Q3 2026 Guidance Power Solutions Adjusted EBITDA $72 $72-81 Logistics Solutions Adjusted EBITDA $23 $22-24 Corporate and Other Expense ($11) ($12-13) ($12-13) Total Adjusted EB
Slide 21: Debt Capitalization Summary: Current and Fully Deployed JV Capacity
Solaris Energy Infrastructure Debt Capitalization Summary: Current and Fully Deployed JV Capacity ($ in millions) Annual Pro Forma Potential w/Fully Interest Rate Notional Balance at 3/31/26 Deployed JV Capacity (1) Convertible Notes due 2030 ($26.39 conversion price) 4.75% $155 $155 Convertible Not
Slide 22: Capitalization Options for Valuation Purposes
Solaris Energy Infrastructure Capitalization Options for Valuation Purposes Option 1: Treat Convertible Option 2: Treat Convertible ($ and shares in millions) Notes as Debt Notes as Shares Debt Convertible Notes due 2030 ($26.39 conversion price) $155 - Convertible Notes due 2031 ($57.20 conversion
Slide 23: EBITDA and Adjusted EBITDA Reconciliation
Solaris Energy Infrastructure EBITDA and Adjusted EBITDA Reconciliation Three months ended, Twelve months ended December 31, ($ in 000s) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 2025 2024 2023 Net income $32,055 ($3,509) $24,814 $24,129 $58,402 $28,918 $38,775 Depreciation a
Slide 24: Disclaimer
Solaris Energy Infrastructure Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking state
Slide 25: solaris-energy.com
Solaris Energy Infrastructure solaris-energy.com Follow us on LinkedIn Solaris Energy Infrastructure Follow us on LinkedIn 9651 Katy Freeway, Suite 300 Houston, Texas 77024 solaris-energy.com
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