Sunation Energy, Inc. · NASDAQ:SUNE
Sunation Energy — Communications Systems — Merger or Acquisition (February 2022)
15 slides from Sunation Energy's merger presentation, Feb 28, 2022
Slide 1: Investor Presentation: CSI and Pineapple Energy Merger
+ Merger aims to establish a vertically integrated energy services company through the acquisition of regional solar, storage and energy service businesses nationwide Investor Presentation February 28, 2022
Slide 2: Certain Notices: Forward-Looking Statements
Certain Notices FORWARDLOOKINGSTATEMENTS Inconnectionwiththispresentationandinthispresentation,managementofCommunicationsSystems,Inc.(“CSI’)makescertainforward-lookingstatementswithinthemeaningofthePrivate SecuritiesLitigationReformActof1995.Allstatements,otherthanstatementsofpresentorhistoricalfact
Slide 3: Certain Notices (Cont'd): Additional Information and Where to Find It
Certain Notices (Cont’d) ADDITIONAL INFORMATION AND WHERE TO FIND IT In connection with the proposed merger with Pineapple, Communications Systems, Inc. (“CSI”) filed a registration statement onForm S-4 (File No. 333-260999) with the Securities and Exchange Commission (SEC) on November 12, 2021 (as
Slide 4: Today's Presenters
Today’s Presenters Roger Lacey Executive Chairman, CSI Mark Fandrich Chief Financial Officer, CSI Kyle Udseth Founder & CEO, Pineapple
Slide 5: Creating CSI Shareholder Value Over the Year
Creating CSI Shareholder Value Over the Year Steps completed › CSI announces agreement to merge with Pineapple Energy LLC › CVRs to be distributed to pre-merger CSI shareholders › Closed sale of its E&S businesses (Transition Networks and Net2Edge) to Lantronix › Paid $3.50 per share dividend › Ente
Slide 6: Why Support the Transaction?
Why Support the Transaction? CSI shareholders, through their ownership of CSI common stock following the merger, to benefit from Strategic and Financial Benefits of the Transaction Fast-growing industry Customer sentiment and continued public policy momentum, growing scale-derived operating efficien
Slide 7: Pineapple Energy At a Glance
Pineapple Energy At a Glance Aiming to build the nation’s leading residential energy management company Vision: The Pineapple Energy family of brands provides homeowners an end-to-end product offering fontning solar, battery storage, and grid services. Portfolio of Brands The growth strategy include
Slide 8: Summary - Maximizing CSI Shareholder Value
Summary –Maximizing CSI Shareholder Value 2018 2019 2020 2021 2022 – April 5, 2019 -CSI Subsidiary, Suttle Inc., Sells Its FutureLink TM Fiber Business Line 2019 – May 2018 –CSI Announces Exploration of Strategic Alternatives – July 2018 -CSI Engages Northland Capital Markets – December 18, 2018 -CS
Slide 9: Post-Closing Senior Management & Board of Directors
Post-Closing Senior Management & Board of Directors Roger Lacey Chairman Kyle Udseth Chief Executive Officer & Director Mark Fandrich Chief Financial Officer Scott Honour Director Randy Sampson Independent Director Michael Zapata Independent Director Marilyn Adler Independent Director Tom Holland In
Slide 10: Home Energy Mgmt. - The Future of Home Ownership
Home Energy Mgmt. –The Future of Home Ownership
Slide 11: Providing Energy Security to Our Customers
Providing Energy Security to Our Customers Acquisition Targets/ Third Party Partners Expertise We providecustomers the best products that fit their unique needs We deliver exceptional customer experiences, leading to referrals and cross-sell opportunities 11 Lead to Sale Technology Grid Services Des
Slide 12: Differentiation in the Market
Differentiation in the Market Lead Generation & Origination Traditional Solar Best-of-Breed Technology
Slide 13: Residential Solar Sector Snapshot
Residential Solar Sector Snapshot Total Market Opportunity in Core Verticals 1 $0.8 $1.9 $6.5 $7.5 $8.6 Ongoing Service and Support Originators Installers Systems Financiers Panel Manufacturing ($ in Billions) Key Growth Drivers of Residential Solar Ongoing decline in cost makes solar an attractive
Slide 14: Residential Solar Ancillary Products & Services
Residential Solar Ancillary Products & Services Solar is just the Start ▪ Residential solar can unlock adjacent revenue opportunities: ▪ Energy Storage: Support rooftop solar and provide ancillary grid services ▪ Smart Appliances: Improve efficiency from common household appliances ▪ Energy Mgmt. /
Slide 15: Contact Info
Contact Info 315 Lake St E Wayzata, MN 55391 Tel: (612) 444-6697 Mark Fandrich Chief Financial Officer Mark.fandrich@commsysinc.com 10900 Red Circle Drive Minnetonka, MN 55343 Tel: (955) 941-2322 Kyle Udseth Chief Executive Officer kyle@pineappleenergy.com Lena Cati Senior Vice President lcati@equit
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