Solaris Energy Infrastructure, Inc. · NYSE:SEI
Solaris Energy Infrastructure — Investor Presentation (June 2026)
26 slides from Solaris Energy Infrastructure's investor presentation, Jun 1, 2026
Slide 1: Solaris Energy Infrastructure, Inc. Investor Presentation
Solaris Energy Infrastructure, Inc. Investor Presentation June 1, 2026
Slide 2: Solaris Accelerates Power Infrastructure for the New Economy
Solaris Energy Infrastructure ~$5 Billion Solaris Accelerates Power Infrastructure for the New Economy Market Capitalization Business Segments & End Markets Power Solutions Logistics Solutions Hyperscalers/ Refinery & Chemical Manufacturing Utilities Healthcare Gas Mining Energy - Upstream Data Cent
Slide 3: Recent Updates and Q1 2026 Highlights
Solaris Energy Infrastructure NEW: Strengthened Balance Sheet to Support Growth Inaugural $1.3 billion senior unsecured notes offering Recent Updates and Credit ratings assigned by S&P (BB-), Moody’s (Ba3) and Fitch (BB) New 5-year, undrawn $650 million revolving credit facility Q1 2026 Highlights N
Slide 4: Rapid Demand Growth Combined with Capital Investment to Support Data Center Demand
Solaris Energy Infrastructure Rapid Demand Growth Combined with Capital Investment to Support Data Center Demand Early Mover Advantage in Addressing Nascent and Rapidly Expanding Market Opportunity Power Capacity Growth: Current + On Order Illustrative Adjusted EBITDA Pro Forma Potential (4) (MW) ($
Slide 5: Diversified Mix of Long-term, Primarily Turnkey Power Projects
Solaris Energy Infrastructure Diversified Mix of Long-term, Primarily Turnkey Power Projects $3.8 Billion of Current + Planned Investments in Power Will Drive Attractive Returns on Capital Data Center Contract A Data Center Contract C Current + Planned Invested Capital (1) Stateline Power Customer C
Slide 6: Solidifying Partnerships with Global Technology Leaders with Scale and Duration
Solaris Energy Infrastructure Solidifying Partnerships with Global Technology Leaders with Scale and Duration 2,200+ MW Multi-Year Partnerships Primarily with Three Leading Technology Companies Increase in Solaris’ Average 10 to 15 years Power Contract Tenor 8 to 9 years 7 to 8 years + Customer C (I
Slide 7: Recent Contracts Highlight Incremental Balance of Plant Return Upside Opportunity
Solaris Energy Infrastructure Recent Contracts Highlight Incremental Balance of Plant Return Upside Opportunity Turnkey Power Model Drives Higher Capital Investment and Return Opportunity at Extended Tenor Example Invested Capital Ranges Illustrative Annual Adjusted EBITDA (3) ~$4,900 ($ millions) (
Slide 8: Behind-the-Meter Power is a Long-term Solution for Rapidly Growing Power Needs
Solaris Energy Infrastructure Behind-the-Meter Power is a Long-term Solution for Rapidly Growing Power Needs Benefits are Becoming More Structural, Beyond Just Time to Power 1. 2. 3. 4. 5. Economics are Enhanced Long-term Regulatory Tailwinds: Increasing Stickiness of Infrastructure Converging Relia
Slide 9: Massive AI Infrastructure Spend is a Significant Tailwind for Solaris
Solaris Energy Infrastructure Massive AI Infrastructure Spend is a Significant Tailwind for Solaris Tech is committing hundreds of billions to AI infrastructure that is evolving to require more compute and thus more power Big Tech Capex Estimates (1) Trend Power Density of Next-generation GPUs Neces
Slide 10: Fully Integrated Model Supports Differentiated, Turnkey Power Solution
Solaris Energy Infrastructure Fully Integrated Model Supports Differentiated, Turnkey Power Solution 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, Engineering, an
Slide 11: Disciplined Approach to Capital Deployment with Substantial Financial Flexibility
Solaris Energy Infrastructure Disciplined Approach to Capital Deployment with Substantial Financial Flexibility Capital Allocation and Balance Sheet Overview Capital Allocation Priorities Pro Forma Debt Capitalization Table to Fund 3.2 GW Annual Notional Defend & Optimize Organic Investment in Inter
Slide 12: A Unique Way to Invest in Power Infrastructure – High Growth Trading at a Discount
Solaris Energy Infrastructure A Unique Way to Invest in Power Infrastructure – High Growth Trading at a Discount Bloomberg Four-Year (2025-2029) Consensus EBITDA CAGR Bloomberg EV / 2029 Adjusted EBITDA Multiple (As of 5/29/2026) (As of 5/29/2026) 24x 122% SEI trades at one of the lowest multiples o
Slide 13: 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 14: Appendix
Solaris Energy Infrastructure Appendix solaris-energy.com
Slide 15: Company Values
Solaris Energy Infrastructure Company Values solaris-energy.com 15
Slide 16: Turnkey Power Model Generates Attractive Returns with Durable Cash Flow
Solaris Energy Infrastructure Turnkey Power Model Generates Attractive Returns with Durable Cash Flow Illustrative Cumulative Free Cash Flow and Returns Profile of Turnkey Power Projects Cash Generation Phase: Project enters service with ratable energization; breakeven is reached Illustrative Exampl
Slide 17: Generation Required to Support Modern Industrial Loads
Solaris Energy Infrastructure Generation Required to Support Modern Industrial Loads Larger, Complex Power Needs Drive a Need for Modular Generation with Multiple Sources of Redundancy Generation Stack Then (40-50 MW) Generation Stack Now/Future (1+ GW) Microgrid w/ Integrated Primary Power, Inertia
Slide 18: 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 19: 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 20: Current Capital Plan: Growth to 3,200 MW Operated Fleet by 2029
Solaris Energy Infrastructure Current Capital Plan: Growth to 3,200 MW Operated Fleet by 2029 Expected Remaining Consolidated Capex (1) (2) ($ millions) Actual Forecast Forecast Q1 2026 Q2 2026 Q3 2026 Q4 2026 2026 2027 2028 2029 Consolidated Capex (3) $343 $615 $345 $175 $1,478 $485 $350 $265 (-) T
Slide 21: Financial Guidance: Q2 and Q3 2026
Solaris Energy Infrastructure Financial Guidance: Q2 and Q3 2026 ($ 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) ($12-13) Total Adjusted EB
Slide 22: Debt Capitalization Summary: Current and Fully Deployed JV Capacity
Solaris Energy Infrastructure Debt Capitalization Summary: Current and Fully Deployed JV Capacity ($ in millions) Annual Notional Pro Forma for Senior Pro Forma Potential w/Fully Interest Rate Notional Balance at 3/31/26 Note Issuance (1) Deployed JV Capacity (2) Convertible Notes due 2030 ($26.39 c
Slide 23: Capitalization Options for Valuation Purposes
Solaris Energy Infrastructure Capitalization Options for Valuation Purposes Option 1: Treat Convertible Option 2: Treat Convertible ($ and shares in millions) Notes as Debt Notes as Shares Debt Convertible Notes due 2030 ($26.39 conversion price) $155 - Convertible Notes due 2031 ($57.20 conversion
Slide 24: EBITDA and Adjusted EBITDA Reconciliation
Solaris Energy Infrastructure EBITDA and Adjusted EBITDA Reconciliation Three months ended, Twelve months ended December 31, ($ 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 25: 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 26: solaris-energy.com
Solaris Energy Infrastructure Solaris Energy Infrastructure solaris-energy.com Follow us on LinkedIn 9651 Katy Freeway, Suite 300 Houston, Texas 77024 solaris-energy.com
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