Genie Energy Ltd. · NYSE:GNE
Genie Energy — Investor Presentation (May 2022)
33 slides from Genie Energy's investor presentation, May 11, 2022
Slide 1: Genie Energy Ltd Investor Presentation May 2022
Genie Energy Ltd (NYSE: GNE) Investor Presentation May 2022
Slide 2: Forward-looking statements
This presentation contains forward-looking statements. Statements that are not historical facts are forward-looking statements and such forward-looking statements are statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Examples of forward-l
Slide 3: The Foundation
=| The Foundation Largest shareholder group has a consistent track record of building businesses & creating significant value for shareholders ‘Compar Market Value Most Recent @9/14/09 Market Value’ Genie Energy (NYSE: GNE) 10/28/11 (Spin-off) $170M IDT Corp (NYSE: IDT) $53M $703M Energy STRAIGHTPAT
Slide 4: Genie Energy Highlights
Genie Energy Highlights HQ Newark, NJ eeeene $354M 38.9% CEO Michael Stein EEO) Avi Goldin Chairman Howard Jonas Lead Independent Dir. Wesley Perry $68M Employees ~150 Tickers (NYSE) GNE, GNEPRA ~4.8%
Slide 5: Genie Energy Operating Structure
Genie Energy Operating Structure Genie Retail Energy Genie Retail Energy (GRE) ] International (GRE!) Genie Renewables
Slide 6: Investment Thesis
Ps Investment Thesis Energy Proven cash generation from GRE through diverse commodity & economic market environments Core GRE/GREI profit growth + emerging growth optionality in renewables Portfolio & customer management drives enhanced FCF for growth investments & shareholder value creation strateg
Slide 7: Genie's Growth Strategy
Genie’s Growth Strategy Expand current retail operations to spur organic growth Identify new markets for expansion Introduce new products into existing, successful marketing channels Develop vertically integrated solar & renewables solutions businesses
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Slide 9: GRE: US Market Opportunity & Dynamics
GRE: US Market Opportunity & Dynamics Role of Utilities Distribution & Billing (most markets) States served + D.c
Slide 10: GRE Value Creation
GRE Value Creation Customer Acquisition Model + Risk Management + Customer Retention Attractive Financial Returns
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Slide 12: Genie Renewables at a Glance
Genie Renewables at a Glance 100kW-3mW 5SmW+ Today’s Offerin Commercial Solar Ceicer Solar Target Project Siz P 4 Senet i ane C&l & community solar project development Customers make decisions based on B aellsitonei ps plaka Proprietary solar panels ide in US/ Best in class companies fund Eee Mey) G
Slide 13: Genie Renewables — US Market Dynamics
Genie Renewables — US Market Dynamics >43% >600K (iiiehenmmnens Chinese supply constraints present opportunities | 4 5sWwW l % Increasing government incentives for community solar Favorable Regulatory Environment
Slide 14: Expansion to adjacent markets
Expansion to adjacent markets Increasing sales force & growing distribution relationships Own & operate community solar projects Leverage vertical integration to develop community solar projects Improve solar development project close rate Provide financing options incl. L-T cash flow financing Stro
Slide 15: Genie Retail Energy International
LUMOENERGI GENIE RETAIL ENERGY INTERNATIONAL (GRE) LUMOENERGIA
Slide 16: GREI's Businesses
GREI’s Businesses Finland 2 LUMOENERGIA Sweden 2 LUMOENERGI
Slide 17: GREI's Market Opportunity
GREIl’s Market Opportunity y)} y) XM Potential Adjacencies for Future Growth (without new infrastructure) # Residential Homes Current Markets # Residential Homes
Slide 18: Finland and Sweden: Electricity Offerings
Finland: Variable, Fixed, Bundle, & Premium Electricity Active Suppliers Est. share of Top 3 7 on Sweden: Variable, Fixed Electricity Monthly Payment Plans Green/Eco energy Energy Solutions (Solar Solutions) Bundles (e.g. fresh Light to medium market regulation ground coffee; HBO subscription) Conso
Slide 19: GREI Growth Strategy
GREl Growth Strategy
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Slide 21: GRE Revenue, Adj. EBITDA, Gross Margin
$m $400 - 45% Revenue ‘Adj, EBITDA ‘Gross Margin $350 — 4 — $300 I 40% $250 $200 35% $150 TT) A 30% $50 5 $0 25% 2019 2020 2021 T™ / * Pro forma excluding the impact of Texas Winter Storm Uri, UK, Japan & GoGas operations a/o 12/31/21. Please see reconciliations in J Appendix
Slide 22: GRE Revenue, Adj. EBITDA, Gross Margin
$m $350 $300 $250 $200 $150 $100 $50 $0 — “Revenue ‘Adj. EBITDA, Gross Margin 2019 2020 2021 T™ 45% 40% 35% 30% 25% * Pro forma excluding the impact of Texas Winter Storm Uri on operations a/o 12/31/21. Please see reconciliations in Appendix
Slide 23: Genie Renewables financial results
2020 Large, low margin order skewed revenue and gross margin 2021 Refocused the business to focus on margin improvements 2022 Moving up the solar value chain; Growing sales force; Using balance sheet to compete for deals. * Please see reconciliations in Appendix $m $35 $25 $15 $5 $5 — Revenue ‘Adj.
Slide 24: Revenue, Adj. EBITDA, Gross Margin
As “Revenue ‘Adj. EBITDA Gross Margin $40 — $35 $30 $25 $20 $I5 $10 $5 $0 “$5 2019 2020 2021 * Pro forma excl. impact of UK & Japan operations as of 9/30/21. Please see reconciliations in Appendix 40%
Slide 25: Genie Energy Summary
| Genie Energy Summary Energy Proven cash generation from GRE through diverse commodity & economic market environments Core GRE/GREI profit growth + emerging growth optionality in renewables Portfolio management drives enhanced FCF for growth investment & shareholder value creation strategies Strong
Slide 26: Thank You
THANK YOU! Michael Stein Avi Goldin Chief Executive Officer Chief Financial Officer IR Contact: Brian Siegel Managing Director, Hayden IR (346) 396-8696 brian@haydenir.com
Slide 27: % Pro forma excluding the impact of Texas Winter Storm Uri, GoGas, UK &
% Pro forma excluding the impact of Texas Winter Storm Uri, GoGas, UK & Japan operations. Please see reconciliations in Appendix J
Slide 28: * Pro-forma excluding the impact of Texas Winter Storm Uri alo 12/31/21. Please see
* Pro-forma excluding the impact of Texas Winter Storm Uri alo 12/31/21. Please see reconciliations in Appendix
Slide 29: * Please see reconciliations in Appendix
* Please see reconciliations in Appendix
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