Tantalus Systems Holding Inc · TSX:GRID
Tantalus Systems — Investor Presentation (September 2025)
27 slides from Tantalus Systems's investor presentation, September 2025
Slide 1: Modernize the Grid by Harnessing the Power of Data
TANTALUS.COM September 2025 MODERNIZE THE GRID BY HARNESSING THE POWER OF DATA CORPORATE PRESENTATION (TSX: GRID; OTCQX: TGMPF)
Slide 2: Legal Notice and Disclaimer
Legal Notice and Disclaimer IMPORTANT: YOU MUST READ THE FOLLOWING BEFORE CONTINUING. The information contained in this presentation has been prepared by Tantalus Systems Holding Inc. ("Tantalus" or the “Company”) for information purposes only. References to Tantalus or the Company for periods prior
Slide 3: Pure-Play Technology Company Focused on Grid Modernization
Pure-Play Technology Company Focused on Grid Modernization Helping utilities harness the power of data to modernize their distribution grid ~320 145 20+ 3.8M PURPOSE Utilities within a Dedicated Channel partners Connected growing user employees across to support sales devices deployed community Cana
Slide 4: Emerging Challenges Confronting Utilities
Emerging Challenges Confronting Utilities Utilities are facing increasing challenges that are accelerating grid modernization initiatives Growing Imbalance Between Increasing Risk of Preparing for Retirement of Power Supply & Demand Power Outages an Aging Workforce The increase in electric demand fr
Slide 5: Grid Modernization is the Path to Resolve Emerging Challenges
Grid Modernization is the Path to Resolve Emerging Challenges Consequences / benefits of deciding whether to modernize the grid Without Modernization / With Modernization / Considerations by the Utility Data-Drive Approach Data-Driven Approach Declining, more outages Grid Reliability Improved, fewer
Slide 6: Grid Modernization Is a Massive Opportunity
Grid Modernization Is a Massive Opportunity Core business continues to present upside with significant paths to scale our business Automated Metering Remains Robust Opportunity Grid Modernization & Grid Data Management Opportunities 60% 17% CAGR of the North American expected growth rate of the elec
Slide 7: Our Technology Platform Delivers Grid Modernization
Our Technology Platform Delivers Grid Modernization GRID is a hardware-enabled software company The Tantalus Grid Modernization Platform Analytics TRUGrid Automation family of analytics solutions (including TRUGrid Transformer and TRUGrid Reliability) Applications Applications that target specific o
Slide 8: Our Strategy is to Support a Utility's Journey to Grid Modernization
Our Strategy is to Support a Utility’s Journey to Grid Modernization One platform. Multiple entry points. Flexible approach for utilities. Substation to Meter: Grid Edge: Access to data + Behind the Meter: Leveraging every Balance and managing supply/demand command and control available device of el
Slide 9: Why Utilities Select Tantalus to Modernize Their Grids
Why Utilities Select Tantalus to Modernize Their Grids Connected devices are the foundation. Granular data is the differentiator Technology Advantage Leverage Existing Infrastructure Granular data from edge-computing capabilities Unique approach to extend life of existing assets Predictive analytics
Slide 10: Innovation to Accelerate Grid Modernization
Innovation to Accelerate Grid Modernization
Slide 11: Building Momentum Through the TRUSense Gateway
Building Momentum Through the TRUSense Gateway Our latest innovation is at the intersection of the electrification of everything & grid modernization First-Mover Advantage Attributes • Combines four high-value use cases • Three versions (Fiber, Ethernet, Cellular) • Market-leading sensing capabiliti
Slide 12: TRUSense Gateway: Extending the Edge of the Grid
TRUSense Gateway : Extending the Edge of the Grid Summary TRUSense Gateway is referred to as a meter socket device Retrofits into any existing residential electric meter socket (ANSI- based) Supports any existing ANSI meter Versatile to help utilities accelerate grid modernization with existing infr
Slide 13: Granular Control Leads to Dispatchable Load
Granular Control Leads to Dispatchable Load Converting electric water heaters into thermal storage through TGMP Savant Director Savant Panel Modules TRUSense Other Gateway Appliances Savant Pro App TSX:GRID, OTCQX:TGMPF Confidential and Proprietary 13
Slide 14: Access to Granular Data Leads to Predictive Analytics
Access to Granular Data Leads to Predictive Analytics Enabling utilities to protect transformers and pinpoint vulnerabilities through power quality data Software / Predictive Analytics Offering Common user interface designed alongside our user community provides real-time insights across the utility
Slide 15: Financial Summary
FINANCIAL SUMMARY As of June 30, 2025
Slide 16: How Tantalus Generates Revenue
How Tantalus Generates Revenue Deploying connected devices leads to recurring revenue over 12 – 15 years Recurring Software Maintenance & SaaS Subscriptions (Data Analytics) Software & Perpetual Software Analytics License Annual Technical Support Agreements Professional Deployment / Project Manageme
Slide 17: Q2 2025 Income Statement Summary
Q2 2025 Income Statement Summary Growth coupled with positive Adjusted EBITDA Income Statement Summary (US$M) Highlights $14.0 $13.1 Revenue growth of 22% reflects continued scaling $12.0 of the core business while building momentum $10.7 with the TRUSense Gateway $10.0 $8.0 $6.9 Gross profits incre
Slide 18: Q2 2025 Revenue Contribution & Gross Profit Margin Summary
Q2 2025 Revenue Contribution & Gross Profit Margin Summary Demonstrating favorable trajectories for revenue and gross profit growth Revenue by Segment - US$M Gross Profit by Segment - US$M $10.0 $10.0 $8.9 $9.0 $9.0 $8.0 $8.0 $7.0 $7.0 $6.9 $7.0 $6.0 $5.9 $6.0 $5.0 $4.2 $3.8 $5.0 $4.0 $3.2 $3.8 $2.6
Slide 19: TTM Q2 2025 Income Statement Summary
TTM Q2 2025 Income Statement Summary Growth coupled with rising Adjusted EBITDA Income Statement Summary (US$M) Highlights $58.0 Revenue growth attributable to adding 25 new $49.2 utilities over the past 12 months and accelerating $48.0 deployments with existing accounts $40.6 $38.0 Continuing to ge
Slide 20: Q2 2025 Cash Bridge
Q2 2025 Cash Bridge Stable cash and liquidity to fund growth Highlights Q2 2025 Cash Flow Bridge - US$000s $18,000 Generated positive Adjusted EBITDA during seasonally weaker quarter with working capital changes impacting cash flow from operations $16,000 Repaid the remaining outstanding balance ($3
Slide 21: 1H 2025 Cash Bridge
1H 2025 Cash Bridge Stable cash and liquidity to fund growth YTD2025 Cash Flow Bridge - US$000s Highlights $18,000 Strong revenue and Adjusted EBITDA growth helped grow cash flow from operations $16,000 $14,000 During 1H2025, generated positive cash flow from operations of $2.5M and free cash flow o
Slide 22: Increasing Annual Recurring Revenue Growth
Increasing Annual Recurring Revenue Growth Continuing to increase the revenue contribution from Recurring Revenue each year Recurring Revenue (US$M) Highlights 30% $14.0 26% Recurring Revenue is comprised of SaaS and other 25% CAGR of 18% 24% $12.0 subscriptions, term-based software licenses, since
Slide 23: Why Invest in Tantalus?
Why Invest in Tantalus? Market Catalysts Substantive Business Growth Catalyst Electrification of Everything Differentiated Solutions With TRUSense Gateway & Grid Modernization Growing User Community Provides a Compelling Growth Opportunity TSX:GRID, OTCQX:TGMPF Confidential and Proprietary 24
Slide 24: Questions?
QUESTIONS? tantalus.com deborah@adcap.ca TSX:GRID, OTCQX:TGMPF
Slide 25: Appendix
©)Tantalus APPENDIX
Slide 26: Management
Executive Leadership Team Management Peter Londa Azim Lalani Christopher Allen Michael Grandis Michael Julian Doug Campbell Tom Allen President & CEO CFO COO & EVP Chief Legal & CRO CSO EVP, Product Board Member Solution Strategy Administrative Officer Development Board of Directors Laura Formusa Dr
Slide 27: Capitalization Overview
Capitalization Overview $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 9-17-24 10-8-24 10-29-24 11-19-24 12-10-24 12-31-24 1-21-25 2-11-25 3-4-25 3-25-25 4-15-25 5-6-25 5-27-25 6-17-25 7-8-25 7-29-25 8-19-25 9-9-25 Shareholders TSX:GRID, OTCQX:TGMPF Debt (as of 06/30/2025) US$6.8M Institution
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