Tantalus Systems Holding Inc · TSX:GRID
Tantalus Systems — Investor Presentation (May 2026)
27 slides from Tantalus Systems's investor presentation, May 2026
Slide 1: Modernize the Grid by Harnessing the Power of Data
TANTALUS.COM May 2026 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. This presentation does not constitute or form part of a
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 grids 330+ 145+ 20+ 4M+ PURPOSE Utilities within a Dedicated Channel partners Connected growing user employees across to support sales devices deployed community Can
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 a Massive Opportunity
Grid Modernization Is a Massive Opportunity Our core business continues to present upside with significant paths to scale Automated Metering Remains Robust Opportunity Grid Modernization & Grid Data Management Opportunities 60% 17% CAGR of the North American expected growth rate of the electrical gr
Slide 6: 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 is a suite of AI-enabled data analytics tools (including TRUGrid Transformer and TRUGrid Reliability) Applications Software applicatio
Slide 7: 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 8: 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 Data-centric approach prioritize investments Unique approach to extend life of existing assets Predictive analytics p
Slide 9: Innovation to Accelerate Grid Modernization
Innovation to Accelerate Grid Modernization
Slide 10: 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 11: 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 12: Granular Control Leads to Dispatchable Load
Granular Control Leads to Dispatchable Load Converting smart electric water heaters into thermal storage through TGMP Savant Director Savant Panel Modules TRUSense Gateway Savant Pro App TSX:GRID, OTCQX:TGMPF Confidential and Proprietary 12
Slide 13: 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 • Predictive Analytics Offering – Common user interface designed alongside our user community provides real-time insights across the utility – Insi
Slide 14: Business Model and Financial Summary
Business Model and Financial Summary As of March 31, 2026
Slide 15: TOS Planning
TOS Planning Consistent Review Process Vision/Traction Organizer (V/TO) is circulated quarterly to improve alignment across the company Financial targets are evaluated in the context of 10- and 3-year targets with an annual budget Annual goals & objectives lead to measurables and operational / comme
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: Q1 2026 Income Statement Summary – US$M
Q1 2026 Income Statement Summary – US$M Revenue growth coupled with disciplined cost management generated positive Adjusted EBITDA $16.0 $15.1 Highlights $14.0 $12.0 $11.9 Continuing to build momentum in our business with revenue growth of 27% over the prior period $10.0 $7.9 $8.0 $6.5 Gross profits
Slide 18: Q1 2026 Revenue Contribution & Gross Profit Margin Summary
Q1 2026 Revenue Contribution & Gross Profit Margin Summary Demonstrating favorable trajectories for revenue and gross profit growth Revenue by Segment - US$M $12.0 Gross Profit by Segment - US$M $10.4 $10.0 $10.0 $9.0 $7.9 $8.0 $7.8 $8.0 $7.0 $6.5 $6.0 $6.0 $5.0 $4.4 $4.7 53% 47% 42% 34% 72% 74% $4.
Slide 19: TTM Q1 2026 Income Statement Summary – US$M
TTM Q1 2026 Income Statement Summary – US$M New corporate milestones for revenue, Adjusted EBITDA and orders converted out of pipeline Highlights TTM Income Statement Summary - US$M $70.0 Revenue growth attributable to adding 16 new $60.0 $57.3 utilities over the past 12 months and accelerating depl
Slide 20: Key Financial Trends
Key Financial Trends Seeking to extend our trajectory of growth as the TxG is commercialized and new initiatives are activated (US$ millions) • Continued revenue and $58.0 100% Adjusted EBITDA growth $54.1 90% • Gross profit margins $48.0 stabilizing at the 50% mark $44.3 80% $42.1 • Our model is de
Slide 21: Increasing Annual Recurring Revenue Growth
Increasing Annual Recurring Revenue Growth Continuing to increase the revenue contribution from Recurring Revenue each year • Growth stems from expanding our Annual Recurring Revenue - US$M user community, commercializing $16.0 analytics tools, maintaining $14.5 $14.8 annual service agreements and $
Slide 22: Why Invest in Tantalus?
Why Invest in Tantalus? Strong Market Catalysts Substantive Business Growth Catalyst Electrification of Everything Differentiated Solutions With TGMP Provides a & Grid Modernization a Growing User Community Compelling Growth & Accelerating Adoption of Opportunity the TRUSense Gateway TSX:GRID, OTCQX
Slide 23: Questions?
QUESTIONS? tantalus.com deborah@adcap.ca TSX:GRID, OTCQX:TGMPF
Slide 24: Appendix
©) Tantalus APPENDIX
Slide 25: Management
Executive Leadership Team Management Peter Londa Azim Lalani Christopher Allen Michael Grandis Michael Julian Doug Campbell Tom Allen Leena Al-Hajjar President & CEO CFO COO & EVP Chief Legal & CRO CSO EVP, Product Chief People & Board Member Solution Strategy Administrative Officer Development Cult
Slide 26: Capitalization Overview
Capitalization Overview Shareholders $7.00 1,400,000 7% $6.00 1,200,000 $5.00 1,000,000 27% $4.00 800,000 66% $3.00 600,000 $2.00 400,000 $1.00 200,000 $0.00 0 Institutional Directors & Retail 05-06-2025 07-06-2025 09-06-2025 11-06-2025 01-06-2026 03-06-2026 05-06-2026 Executives TSX:GRID, OTCQX:TGM
Slide 27: Non-IFRS Measures
NON-IFRS MEASURES Reconciliation of Loss to Adjusted EBITDA for the period TSX:GRID, OTCQX:TGMPF Confidential and Proprietary 27
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