Solaris Energy Infrastructure, Inc. · NYSE:SEI
Solaris Energy Infrastructure — Q1 2025 Earnings Presentation
12 slides from Solaris Energy Infrastructure's earnings presentation, Apr 29, 2025
Slide 1: Solaris Energy Infrastructure, Inc. Q1 2025 Earnings Supplement
Solaris Energy Infrastructure, Inc. Q1 2025 Earnings Supplement April 28, 2025
Slide 2: Updated Fleet Evolution – Impact of Upsized JV Structure and New Orders on Solaris' Fleet
Solaris Energy Infrastructure Updated Fleet Evolution – Impact of Upsized JV Structure and New Orders on Solaris’ Fleet Pro Forma Owned and Operated Fleet Expected in 1H 2027 (MW) Size Distribution of Pro Forma 1,700 MW Fleet ~1,700 MW ~450 MW 49.9% of ~1,400 MW Partner ~900 MW <6 MW Owned in JV Uni
Slide 3: Solaris Power Solutions Fleet is Highly Contracted
Solaris Energy Infrastructure Solaris Power Solutions Fleet is Highly Contracted Customer End Market Exposure of Expected Total Operated Evolution of Average Contract Tenor Over the Last Year 1,700 MW Fleet in 1H 2027 Drivers of Tenor Extension: - Grid power interconnection queue is extending - Long
Slide 4: Illustrative Pro Forma Adjusted EBITDA Opportunity at Full Fleet Deployment
Solaris Energy Infrastructure Illustrative Pro Forma Adjusted EBITDA(1) Opportunity at Full Fleet Deployment Pro Forma Profitability of Owned and Operated Fleet Expected in 1H 2027 vs. Prior Order Book New ($ millions) $575-600 Prior Consolidated SEI Non-Controlling $475-500 Non-Owned Interest Relat
Slide 5: Cash Portion of Capex to Achieve 1,700 MW Operated Fleet in 1H 2027
Solaris Energy Infrastructure Solaris Cash Portion of Capex to Achieve 1,700 MW Operated Fleet in 1H 2027 Net Capital Expenditures Funded by Solaris (Before Operating Cash Flow) (1) ($ millions) 9 mo. Ended 2026 12/31/2025 Expected Sources of Funding Consolidated Capex (2) $490 $525 (-) Cash Equity
Slide 6: Operational and Financial Guidance: Q2 2025 and Q3 2025
Solaris Energy Infrastructure Operational and Financial Guidance: Q2 2025 and Q3 2025 Q1 2025 Actual Q2 2025 Guidance (Unchanged) Q3 2025 Guidance (Introduced) Operational Average MWs on Revenue (Power Solutions) 390 MW 440 MW 520 MW Average Fully Utilized Systems (Logistics Solutions) 98 ~90-95 Pro
Slide 7: Appendix
Solaris Energy Infrastructure Appendix solaris-energy.com
Slide 8: 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 Fleet and Contract Growth Based on Current Order Book (MW) Pro Forma Fleet 2027+ (Current + On order) 1,700 MW Potential Multi
Slide 9: Selected Other Financial Guidance: Q2 2025 and Q3 2025
Solaris Energy Infrastructure Selected Other Financial Guidance: Q2 2025 and Q3 2025 Q1 2025 Actual Q2 2025 Guidance Q3 2025 Guidance Net Interest Expense (1) $5 million $6 million $6 million Depreciation & Amortization Expense $20 million ~$22-25 million $27-30 million Weighted Average Total Shares
Slide 10: EBITDA and Adjusted EBITDA Reconciliation
Solaris Energy Infrastructure EBITDA and Adjusted EBITDA Reconciliation Three months ended, Twelve months ended December 31, ($ in 000s) March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 2024 2023 2022 Net income (loss) $12,968 $14,004 ($2,210) $9,824 $28,918 $38,775 $33,512 Deprecia
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
Solaris Energy Infrastructure — Q1 2025 Earnings Presentation on 6ix