Clear Blue Technologies International, Inc. · TSXV:CBLU
Clear Blue Technologies International — Q4 2025 Earnings Presentation
24 slides from Clear Blue Technologies International's earnings presentation, Jun 23, 2026
Slide 1: The Smart Off-Grid Company
The Smart Off-Grid Company TSX-V: CBLU | Frankfurt: 0YA0 November 2025 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements, which can be identified by the use of forward- looking terminology, such as but not limited to: “may”, “intend”, “expect”, “anticipate”, “estimate”, “seek”, or “continue”, or the negative thereof or other variations th
Slide 3: The World Needs Smart Off-Grid Power
The World Needs Smart Off-Grid Power Reliable Cost-Effective Integration with Renewables Maximum uptime with off-grid power Grid connections and diesel are becoming Ultra-low cost clean energy solutions with without grid failure or weakness prohibitively expensive societal benefits “Blackouts could
Slide 4: About Clear Blue
About Clear Blue Clear Blue is a world leader in delivering clean, managed, wireless We have a vision power to meet the global need for to become the world’s reliable, low-cost energy for largest virtual renewable mission-critical infrastructure power utility Founded >400 >15,000 >1 Trillion >15 Mil
Slide 5: Introducing Clear Blue 2.0
Introducing Clear Blue 2.0 Recapitalized and Focused After a challenging couple of years, Clear Blue has recapitalized, recalibrated, and emerged with a more efficient cost structure and new partnerships to drive growth Three Key Market Pillars Africa’s Telecom On Road to Zero Diesel Enabling Satell
Slide 6: Clear Blue 1.0 vs. 2.0
Clear Blue 1.0 vs. 2.0 Before and After 1 Limited product range Now focused on three distinct markets in Africa and N.A 2 High-cost structure (OPEX, R&D) relative to margins Cost structure down, pathway to sustainable growth 3 $14.7 million of debt(1), putting pressure on execution Debt reduced to $
Slide 7: Three Key Market Pillars for Success
Clear Blue 2.0 Three Key Market Pillars Africa 1 for Success Telecom’s Road to Zero Diesel • Fastest growing and youngest population in the world still unconnected • Diesel prohibitively expensive, existing infrastructure isn’t KPIs performing or non-existent • EU’s Digital4Development commitment fo
Slide 8: Four Core Product Groups
Technologies Four Core Product Groups Launched 2024 & 2025 Launched 2023 Pico & Pico Plus Micro Wi-Fi / IoT Grid / Genset / Solar 0-40W Africa 3-30Kw Africa Nano Illumient Solar & Solar / Grid Solar Lighting 20W-3Kw Africa Two Variations North America 8
Slide 9: Smart Power Cloud & Electronics, Aftermarket, and Energy-as-a-Service
Business Model Smart Power Cloud & Electronics, Aftermarket, and Energy-as-a-Service Hardware & Recurring Systems Revenue Services Revenue Supplemented by: LOWEST TCO & Peace-of-Mind for the Customer = RECURRING REVENUE for Clear Blue = More Business for Clear Blue Strong, Growth Financials 9
Slide 10: Building A Foundation for Growth
Revenue Model Building A Foundation for Growth Revenues by Vertical Recurring Revenues YTD2025 Results 16% Total of $3.1 million 48% Base of recurring 52% revenues growing over time as number installed 84% systems increase Telecommunications Recurring Lighting One-Time 10
Slide 11: Key Revenue Growth Levers
Main Channel Partners Key Revenue Growth Levers Pathway to Growth Eutelsat Pico Plus Units • Eutelsat has a target to deploy 15,000+ units valued at ~$1,400+ each over a multi-year period in Africa, representing a $15M+ revenue opportunity Telecom Tower Power Systems >$50M • Thousands of telecom tow
Slide 12: Targeting Several Industries with Tailwinds
Targeting Several Industries with Tailwinds Satellite Cellular Power Utilities Agriculture Transportation Municipalities Internet Telecom Africa’s telecom industry is expected to see significant growth in mobile subscriber penetration, reaching 751 million by 2030, up from 527 million in 2023 McKins
Slide 13: The Clear Blue Advantage
Technology & Moat The Clear Blue Advantage Driving Higher Performance and Better Economics • We manufacture leading-edge power electronics having shipped more than 15,000 systems in 55 countries 1. Smart Equipment Onsite • We make our power systems SMART by managing them through our Smart Power Clou
Slide 14: Growth from New Strategic Partner: Eutelsat
Growth from New Strategic Partner: Clear Blue is expected to support the rollout of Eutelsat’s LEO & GEO satellite infrastructure in Eutelsat Africa, representing a significant multi-million revenue opportunity over 3+ years November 12, 2024 1 Eutelsat partners with Clear Blue Technologies for inno
Slide 15: Trusted By Customers and Users Around The World
Client Portfolio Trusted By Customers and Users Around The World 15
Slide 16: Management & Board of Directors
Leadership Team Management & Board of Directors Miriam Tuerk John Tuerk Mark Windrim Farrukh Anwar Co-Founder, CEO, Director Co-Founder, CPO, Director Co-Founder, CTO, Director CFO Paul Desjardins Jason Woerner Greg Ross SVP Sales & Biz Dev Head of Operations Independent Director 16
Slide 17: Debt Restructuring Provides Breathing Room for Execution
Debt Restructuring Provides Breathing Room for Execution $14,730 Restructuring $12,006 $12,649 $12,355 period, resulting in 55% 55% debt reduction(2) due to debt reduction $10,295 conversion to equity $6,286 $6,562 $5,705 $5,698 $1,685 $1,423 $966 $966 $1,182 $1,283 $917 $928 $1,051 Q3 2023 Q4 2023
Slide 18: Improving Revenues and Gross Margin to Support Better Profitability
Improving Revenues and Gross Margin to Support Better Profitability $2,500 120% $2,273 Restructuring $2,116 100% $2,000 Revenues were depressed in H2 80% 2024 due to the constraints of $1,500 restructuring activities $1,134 60% $1,015 $1,051 $1,000 $954 $809 Revenues have now recovered $752 40% and
Slide 19: Key Levers and Revenue Recovery Support Improved EBITDA
Key Levers and Revenue Recovery Support Improved EBITDA Adjusted EBITDA(1) (in CA$ thousands) Key Levers Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 R&D expenses decreased as the company shifts towards commercialization $(225,434) Continued cost management with new $(331,032) opportuniti
Slide 20: Strong Bookings in 2025 Drive Future Growth
Strong Bookings in 2025 Drive Future Growth 6% to 34% of a product’s sale value is contracted recurring revenue $5,734,699 In 2025, every purchase order +161% included 20% prepaid recurring increase in revenue, up from an average of bookings 6% in 2024 $2,196,669 As we grow EaaS recurring revenue, o
Slide 21: Capitalization Table and Insider Ownership
Valuation & Debt Capitalization Table and Insider Ownership Capitalization Table All Values as of November 25, 2025, unless otherwise indicated Clear Blue Stock Price Price $0.055 Performance (1-yr) Outstanding Shares 78,601,919 Warrants (0.67 avg.) 61,335,954 Stock Options (0.28 avg.) 5,367,092 Ful
Slide 22: Comparables
Comparables Quarterly Revenue Company Market Cap(1) EV/Sales EV/EBITDA Growth (yoy)(1) Energy Storage Solutions Eguana Technologies Inc $5.4M 20.5 - 426.3% Dragonfly Energy Holdings Corp $89.6M 48.3 - 25.5% Polar Power Inc $6.3M 1.5 - -74.10% Turbo Energy SA $15.5M 1.9 - 11.5% CBAK Energy Technology
Slide 23: Investment Highlights
1 Three core markets provide a foundation for revenue growth and improved profitability 2 Commercialization for new Micro and Pico products, paired with significantly reduced R&D expenses Investment Reduction in OPEX provides a pathway to positive Adjusted Highlights 3 EBITDA(1) and improved cash ge
Slide 24: For more information:
For more information: Brandon Chow Investor Relations brandon@panoliair.com I +1 (647) 598-8815 Miriam Tuerk, Co-Founder and CEO miriam@clearbluetechnologies.com I +1 (416) 433-3953 clearbluetechnologies.com TSX-V: CBLU | Frankfurt: 0YA0 24
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