Slide 1: Powering The Clean Transition To Natural Gas
Powering The Clean Transition To Natural Gas Corporate Presentation TSX:E | OTCQB:ETOLF | OCTOBER 2026
Slide 2: Forward-Looking Statements
TSX:E FORWARD-LOOKING STATEMENTS OTCQB:ETOLF evolutionpowerx.com Certain statements in this presentation about our current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements or any other future events or developments constitute forward-look
Slide 3: Evolution PowerX At A Glance
TSX:E EVOLUTION POWERX AT A GLANCE OTCQB:ETOLF evolutionpowerx.com Evolution PowerX is a leading provider of site power systems, infrastructure, and services to the Canadian resource and construction industries >18% 1 ~35% 5-year LTM Adjusted revenue CAGR EBITDA Margin Market Leader In rapidly growi
Slide 4: Why Evolution PowerX: Cash Flow-Driven Growth
TSX:E WHY EVOLUTION POWERX: CASH FLOW-DRIVEN GROWTH OTCQB:ETOLF evolutionpowerx.com Robust Macro Outlook For Natural Gas Tempered Capex To Drive Free Cash Flow • Natural gas is uniquely positioned to support • Recent growth capex and M&A have expanded North America's record power demand growth fleet
Slide 5: Five Subsidiaries, Two Divisions, One Platform
TSX:E FIVE SUBSIDIARIES, TWO DIVISIONS, ONE PLATFORM OTCQB:ETOLF evolutionpowerx.com Power Solutions Division Site Infrastructure Division • Setting the standard in mobile natural gas-to- • Westar & Hart electricity power generation o Site infrastructure & equipment rentals in BC & AB • Full-service
Slide 6: Why We Win: Quality, Efficiency, & Sustainability
TSX:E WHY WE WIN: QUALITY, EFFICIENCY, & SUSTAINABILITY OTCQB:ETOLF evolutionpowerx.com Leadership Position Solidified As The Exclusive Provider Of Flex Energy Solutions Gas Turbines In Canada 1 2 3 Industry-Leading Quality & Significant Operating Dramatic Emission Reliability Efficiencies & Savings
Slide 7: Frac Site Example Of NG-To-Electricity Grid
TSX:E FRAC SITE EXAMPLE OF NG-TO-ELECTRICITY GRID OTCQB:ETOLF www.enterprisegrp.com Legend Power Division Mobile Structures (offices, accommodations, etc.) Site Infrastructure Division Lighting Towers Drive-Over Bridges Cabling Distribution Panels Natural Gas Turbine Generators 7
Slide 8: A Client List Of Industry Leaders
TSX:E A CLIENT LIST OF INDUSTRY LEADERS OTCQB:ETOLF evolutionpowerx.com Established reputation in the energy Diversification offers sector drives de-risked growth significant expansion upside Off-Grid Sites Mining Construction Data Centers Temporary/Emergency Power Response Industrial Backups Combin
Slide 9: Industrial Application Of Natural Gas "CHP" Units
TSX:E INDUSTRIAL APPLICATION OF NATURAL GAS "CHP" UNITS OTCQB:ETOLF evolutionpowerx.com City of Grand Prairie's Eastlink Centre CHP Project Project Impact1 $2,510,200 $645,200 Total Project Cost Rebate/Incentive $335,900 4.8 Years Annual Cost Savings Simple Payback Period 4,999,845 kWh 849 Tonnes An
Slide 10: North America's Rapidly Growing Energy Needs
TSX:E NORTH AMERICA'S RAPIDLY GROWING ENERGY NEEDS OTCQB:ETOLF evolutionpowerx.com US Lower 48 Net On-Grid Electricity Demand 1 The next decade is projected to demand more new electricity than any 10-year period in the history of the 7,000 United States1 U.S. electricity demand is Primary Demand Dri
Slide 11: Natural Gas Is The Clear Answer
TSX:E NATURAL GAS IS THE CLEAR ANSWER OTCQB:ETOLF evolutionpowerx.com 1 2 2024 US Power Generation Capacity By Source 2024 Capital Cost of New Capacity By Source 600 567 $18,000 $15,600 Abundance of natural gas Natural gas has the lowest Capital Cost (USD/kW) $11,920 400 positions it as the natural
Slide 12: Canada's Attractive Macroeconomic Backdrop
TSX:E CANADA'S ATTRACTIVE MACROECONOMIC BACKDROP OTCQB:ETOLF evolutionpowerx.com • Bipartisan Support in Canada to double LNG capacity at Kitimat from 14 Mtpa to >$60B1 28Mtpa (Train 2 in operation as of early December 2025) Of new Canadian LNG export projects announced • Government of Canada added
Slide 13: Major Strategic Interest In Canadian Natural Gas
TSX:E MAJOR STRATEGIC INTEREST IN CANADIAN NATURAL GAS OTCQB:ETOLF evolutionpowerx.com Structural Attractiveness • Rising power demand for AI data centers is propelling natural gas from a transition fuel to an essential energy source • Recent transactions highlight the attractiveness of Western Cana
Slide 14: Higher Production + E&P Spend Forecasted In 2026
TSX:E HIGHER PRODUCTION + E&P SPEND FORECASTED IN 2026 OTCQB:ETOLF evolutionpowerx.com ATB Capital Markets Survey1 Stable Capex & Moderate Production Growth in 2026 • 6-7% weighted-average gas production growth "Capital program is expected to generate in next 12 months vs 4-5% for oil 11% production
Slide 15: Inflection Point: Canadian Natural Gas Activity
TSX:E INFLECTION POINT: CANADIAN NATURAL GAS ACTIVITY OTCQB:ETOLF evolutionpowerx.com Quarterly History of Canadian Natural Gas Rig Count Vs Evolution PowerX's1,2... Revenue Share Price Return on Equity (LTM) Natural Gas Rig Count E - Revenue $ Natural Gas Rig Count E - Share Price Natural Gas Rig C
Slide 16: Financial Snapshot
TSX:E FINANCIAL SNAPSHOT OTCQB:ETOLF evolutionpowerx.com Share Price Data as of October 5, 2026, CAD$ Financial & Share Data as of June 30, 2026, CAD$ Closing price $1.82 52-Week Share Price Range Shares Outstanding Shares Fully Diluted $1.01-$1.86 81.1 Million 89.2 Million Fully-Diluted Market Cap
Slide 17: Contact Us
CONTACT US LEONARD D. JAROSZUK DESMOND O’KELL CHAIRMAN & C.E.O. PRESIDENT & DIRECTOR 780.418.4400 825.223.1104 www.evolutionpowerx.com ld.jaroszuk@evolutionpowerx.com des.okell@evolutionpowerx.com TSX:E | OTCQB:ETOLF