Solaris Energy Infrastructure, Inc. · NYSE:SEI
Solaris Energy Infrastructure — Q4 2024 Earnings Presentation
12 slides from Solaris Energy Infrastructure's earnings presentation, Feb 21, 2025
Slide 1: Q4 2024 Earnings Supplement
Solaris Energy Infrastructure, Inc. Q4 2024 Earnings Supplement February 20, 2025
Slide 2: Recent Updates and Q4 2024 Highlights
Solaris Energy Infrastructure Recent Updates and Q4 2024 Highlights Doubling of Fleet: Announced 700 MW of new equipment orders to grow operated Solaris Power Solutions fleet to 1,400 MW by 1H 2027 Establishing Long-term Partnership with a Key Customer: New commercial contract for a minimum of 500 M
Slide 3: Updated Fleet Overview – Impact of New Orders and Contemplated JV Structure
Solaris Energy Infrastructure Updated Fleet Overview – Impact of New Orders and Contemplated JV Structure on Solaris’ Fleet Pro Forma Owned and Operated Fleet Expected in 1H 2027 (MW) Size Distribution of Pro Forma 1,400 MW Fleet 700 1,400 ~$600 million ~49.9% of investment in 500 MW <6 MW turbines,
Slide 4: Updated Contracting Summary Profile
Solaris Energy Infrastructure Updated Contracting Summary Profile Customer End Market Exposure of Expected Total Operated Evolution of Average Contract Tenor Over the Last Year 1,400 MW Fleet in 1H 2027 4 to 5 years Energy - Contracted Data Center - 4% Contracted 2 to 4 64% years Available Capacity
Slide 5: Illustrative Pro Forma Adjusted EBITDA Opportunity at Full Fleet Deployment
Solaris Energy Infrastructure Illustrative Pro Forma Adjusted EBITDA(2) Opportunity at Full Fleet Deployment Pro Forma Profitability of Owned and Operated Fleet Expected in 1H 2027 $475-500 ($ millions) Consolidated SEI Minority Interest Related to 49.9% of 500 MW JV $275-300 $400-425 Net SEI $103 I
Slide 6: Updated Growth Capital Plan: Growth to 1,400 MW Operated Fleet in 1H 2027
Solaris Energy Infrastructure Updated Growth Capital Plan: Growth to 1,400 MW Operated Fleet in 1H 2027 Expected Consolidated Capex Driven by Power Solutions Order Book, Reduced by Funding from Partnership ($ millions) Power Growth Power Maintenance $165 $160 Logistics $500 $95 $85 $80 $75 $210 $25
Slide 7: Operational and Financial Guidance: 1H 2025
Solaris Energy Infrastructure Operational and Financial Guidance: 1H 2025 Q4 2024 Actual New Q1 2025 Guidance Q2 2025 Guidance Operational Average MWs On Revenue (Power Solutions) 260 MW 360 MW 420 MW Average Fully Utilized (Logistics Solutions) 78 systems 90-95 systems ~90-95 systems Profitability
Slide 8: Appendix
Solaris Energy Infrastructure Appendix solaris-energy.com 8
Slide 9: Selected Other Financial Guidance: 1H 2025
Solaris Energy Infrastructure Selected Other Financial Guidance: 1H 2025 Q4 2024 Actual Q1 2025 Guidance Q2 2025 Guidance Net Interest Expense $8 million $9 million (1) $9 million (1) Depreciation & Amortization Expense $17 million ~$22-25 million $27-30 million Weighted Average Total Shares Outstan
Slide 10: EBITDA and Adjusted EBITDA Reconciliation
Solaris Energy Infrastructure EBITDA and Adjusted EBITDA Reconciliation Three months ended, Twelve months ended December 31, ($ in 000s) December 31, 2024 September 30, 2024 June 30, 2024 March 31, 2024 2024 2023 2022 Net income (loss) $14,004 ($2,210) $9,824 $7,300 $28,918 $38,775 $33,512 Depreciat
Slide 11: Disclaimer
Solaris Energy Infrastructure Disclaimer Forward-Looking Statements The information in this presentation includes 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 fo
Slide 12: Solaris Energy Infrastructure
Solaris Energy Infrastructure Solaris Energy Infrastructure 9651 Katy Freeway, Suite 300 Follow us on LinkedIn Houston, Texas 77024 solaris-energy.com 12
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