Superior Plus Corp · TSX:SPB
Superior Plus — Investor Presentation (August 2026)
19 slides from Superior Plus's investor presentation, August 2026
Slide 1: Investor Update August 2026
INVESTOR UPDATE August 2026 1
Slide 2: Forward-Looking Statements and Information and Non-GAAP Financial Measures
Forward-Looking Statements and Information and Non-GAAP Financial Measures This presentation contains information or statements that are or may be “forward-looking statements” within the meaning of applicable Canadian securities laws. When used in this presentation, the words “may”, “will”, “should”
Slide 3: Leading Position in North American Energy Distribution
Leading Position in North American Energy Distribution Focused on Propane and Compressed Natural Gas (CNG) Key Company Stats ~$1.1B ~$3.0B ~$473M ~600 ~2,100 ~710K 3 Market Enterprise 2026E Adj. EBITDA Locations Delivery Vehicles + Customers Capitalization1 Value (US $M)2 MSUs Superior’s Diversified
Slide 4: INVESTOR UPDATE
Commercial Customer ray eee Z |) Residential 7 Customer —RS? Customer _---~ Service Center Customer = Tank Superior Plus INVESTOR UPDATE
Slide 5: INVESTOR UPDATE
“ Superior Plus PIPELINE SUPPLY NATURAL GAS. Natural gas is supplied to the compression site Via pipeline. oD) -0 COMPRESSION & LOADING AT COMPRESSION SITE Natural gas is compressed and loaded into the MSU (Mobile Storage Unit). -0 MSU (woBILE STORAGE UNIT) 4 TUBE CONFIGURATION CERTARUS The Mobile G
Slide 6: Our Markets Present Significant Longevity and Long-Term Opportunity
Our Markets Present Significant Longevity and Long-Term Opportunity Propane Market Volume Expectations1 CNG Market Volume Expectations2 ~10.7B ~10.7B Gallons Gallons Data Center and Other Upside Base Case CNG Stable 6-7% CAGR 2020 2022 2024 2026E 2028E 2030E 2020 2022 2024 2026E 2028E 2030E Stable,
Slide 7: Leading North-American Propane Business
Leading North-American Propane Business Superior Propane Superior Propane USa Canadaa Segment Overview 352M 273M ▪ Leading distributor with expansive footprint 9.5B 1 Residential & Commercial Gallons 1.2B Residential & Commercial Gallons and whitespace to grow 1 Total Market Gallons Total Market Gal
Slide 8: Virtuous Cycle for Unlocking Differentiated Growth in Propane
Virtuous Cycle for Unlocking Differentiated Growth in Propane Propane Industry has Superior Delivers – a Plan for Historically Failed to Unlocking Significant Value for Capitalize on Opportunities Customers and Shareholders $40M+ $30M+ $5M+ EBITDA 1,2 EBITDA 1,2 EBITDA1,2 e De ns prov i ty Im Short-
Slide 9: Cost to Serve Example – Optimized Route Planning
Cost to Serve Example – Optimized Route Planning Customer Illustration Legacy Route Optimized Route Data-Driven Route Optimization Enabled Delivery Delivery Cost-to-Serve ~50% Cost-to-Serve A USD / gallon A USD / gallon Estimated Reduction 3.00 in Cost-to-Serve Customer A 1.50 Bulk Plants Customers
Slide 10: Customer Growth Example
Customer Growth Example Playing the Long Game with Customer Lifetime Value Customer A Customer A (Same) Margin per Gallon ($) Margin per Gallon ($) Year 1 Year 2 Year 3 Year 4 Year 5 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Lifetime Value ($) Lifetime Value ($) Year 1 Year 2 Year 3 Ye
Slide 11: Market Leader in Over-the-Road CNG
Market Leader in Over-the-Road CNG 2025 Key Statsa 31.3M $143M >700 ~5 Years 879 21 Volume Adj. EBITDA Employees Average MSU Fleet Count Total Hubs (MMBtu) (US $M)1 Age of MSUs 1 879 MSU Fleet Expected Gross Profit Mix trending towards Data Center Industrial Business Mix Trending to 330 Data Center
Slide 12: CNG Path Forward – Defend Wellsite, Grow Industrial, Reduce Costs
CNG Path Forward – Defend Wellsite, Grow Industrial, Reduce Costs Defend our position in wellsite… Capitalize on our strengths: Current Market ▪ Deepest experience and customer relationships Returns Share Growth1 ▪ Most extensive hub network & mobile compression equipment Wellsite ~40% 0-5% >15% ▪ C
Slide 13: Financial Overview
Financial Overview wr « Superior Plus
Slide 14: Q2 2026 Results
Q2 2026 Results Dollar amounts are expressed in millions of U.S. dollars, except per share amounts Q2 2026 Q2 2025 YoY Change Key Drivers of Results ▪ U.S. Propane Adj. EBITDA1 decreased due Adjusted EBITDA1 36.8 33.5 9.9% to lower retail sales volumes as we exited Q1 with higher in tank levels U.S.
Slide 15: 2026 Financial Outlook – Propane Growth Partly Offset by CNG Decline
2026 Financial Outlook – Propane Growth Partly Offset by CNG Decline 2026 Expectations North American Propane Adjusted EBITDA1 2026 Expectations Including ~$50 million from Superior Delivers 3% to 8% Superior is expecting CNG Adjusted EBITDA1 -4% to -9% Adjusted EBITDA1 growth in 2026 of approximate
Slide 16: Clear Capital Allocation Priorities
Clear Capital Allocation Priorities Share Repurchases ~2% Capital Allocation Driving Shareholder Value Dividends Dividends ~10% ▪ Plan to repurchase ~$120M of ~20% Share shares outstanding from 2025-2027 Repurchases ▪ Repaying ~$150M to $200M of ~10% debt, contributing to de-leveraging ~25% from 4.1
Slide 17: Strengthening Balance Sheet and Increasing Financial Flexibility
Strengthening Balance Sheet and Increasing Financial Flexibility Debt Maturity Schedule (US$ M) 1,7 600 No near-term 400 Total amount debt maturities 300 available 600 359 300 Attractive rates and 2026E 2027E 2028E 2029E 2030E maturity profile ~4.60%2 Credit Facility ~4.25% CAN Unsecured Debenture ~
Slide 18: Experienced Management Team
Experienced Management Team Executive Leadership Business Unit Leadership Allan MacDonald Grier Colter Darren Hribar Dale Winger Tommy Manion President and CEO EVP and Chief Financial Officer SVP and Chief Legal Officer President of Certarus COO, North American Propane Joined as President and CEO in
Slide 19: End Notes
End Notes Slide 3 of Canada open data, EIA Annual Energy Outlook 2023, US Mining non-GAAP financial measures section of this presentation. 1. As of August 24, 2026; Source: Bloomberg and company Industry Energy Bandwidth Study, and Certarus data. Note: CNG = disclosure. Compressed Natural Gas. Slide