Solaris Energy Infrastructure, Inc. · NYSE:SEI
Solaris Energy Infrastructure — Investor Presentation (September 2026)
30 slides from Solaris Energy Infrastructure's investor presentation, Sep 30, 2026
Slide 1: Solaris Energy Infrastructure, Inc. Investor Presentation
Solaris Energy Infrastructure, Inc. Investor Presentation September 30, 2026
Slide 2: Solaris: Delivering Turnkey Power Solutions for Next-Generation Infrastructure
Solaris Energy Infrastructure ~$5-6 Billion Solaris: Delivering Turnkey Power Solutions for Market Capitalization Next-Generation Infrastructure Business Segments & End Markets Power Solutions Logistics Solutions Hyperscalers/ Refinery & Chemical Manufacturing Utilities Healthcare Gas Mining Energy
Slide 3: Recent Updates
Solaris Energy Infrastructure NEW: Secured Long-term Financing Support for New Growth Initiatives - Issued $1.25 billion of bonds at 7.000% Recent Updates - Increased revolver capacity to $850 million NEW: Acquired Additional Generation Capacity - Added ~100 MW of incremental generation capacity, br
Slide 4: Fully Integrated Business Model Supports Differentiated, Turnkey Power Solution
Solaris Energy Infrastructure Fully Integrated Business Model Supports Differentiated, Turnkey Power Solution Full-Service Capability Illustrative >600 MW Expandable Behind the Meter Power Plant Control & Custom, Scalable Grid Solutions Admin Generation Modular capacity design Block 1 Buildings Main
Slide 5: Diversified Mix of Long-term, Primarily Turnkey Power Projects
Solaris Energy Infrastructure Diversified Mix of Long-term, Primarily Turnkey Power Projects $5 Billion of Current + Planned Investments in Power Will Drive Attractive Returns on Capital Data Center Contract A Data Center Contract C Current + Planned Invested Capital (1) Stateline Power Customer C ▪
Slide 6: Expanded Capabilities, Broadened Offerings, Increased Earnings
Solaris Energy Infrastructure Expanded Capabilities, Broadened Offerings, Increased Earnings Quarterly Segment EBITDA by Service Line; Q2 2024 – Q1 2027 Guidance Midpoint Sep 2024 Aug 2025 Dec 2025 Mar 2026 Jul 2026 Sep 2026 2-year Pro Forma Adjusted (Minority Inv.) EBITDA CAGR ~140% 250.0 Distribut
Slide 7: Contracted Growth Drives Multi-Year Earnings Visibility
Solaris Energy Infrastructure Contracted Growth Drives Multi-Year Earnings Visibility Power Contracts and Power Services Lift Visible Annual EBITDA with Further Upside Potential Contracted EBITDA at Full Deployment + Illustrative Potential Annual Adjusted EBITDA (1,2,3,4) ($ millions) ~$1,425-1,525+
Slide 8: Solidifying Partnerships with Global Technology Leaders with Scale and Duration
Solaris Energy Infrastructure Solidifying Partnerships with Global Technology Leaders with Scale and Duration 2,300+ MW Multi-Year Partnerships Primarily with Three Leading Technology Companies Increase in Solaris' Average 10-18+ years Power Contract Tenor 8 to 9 years 7 to 8 years + Customer C (Inv
Slide 9: Behind-the-Meter Power: A Structural, Long-Term Advantage
Solaris Energy Infrastructure Behind-the-Meter Power: A Structural, Long-Term Advantage Five Reasons the Benefits Now Go Beyond Speed-to-Power Economics Converging Enhanced Reliability Planning Flexibility Regulatory Tailwinds Sticky Infrastructure BTM costs are converging Backup power with Generati
Slide 10: Massive AI Infrastructure Spend is a Significant Tailwind for Solaris
Solaris Energy Infrastructure Massive AI Infrastructure Spend is a Significant Tailwind for Solaris Tech is committing hundreds of billions to AI infrastructure that is evolving to require more compute and thus more power Big Tech Capex Estimates (1) Trend Power Density of Next-generation GPUs Neces
Slide 11: Disciplined Approach to Capital Deployment with Substantial Financial Flexibility
Solaris Energy Infrastructure Disciplined Approach to Capital Deployment with Substantial Financial Flexibility Capital Allocation and Balance Sheet Overview Capital Allocation Priorities Pro Forma Debt Capitalization Table to Fund 3.3 GW Annual Notional Defend & Optimize Organic Investment in Inter
Slide 12: A Compelling Way to Invest in Power Infrastructure – High Growth Trading at a Discount
Solaris Energy Infrastructure A Compelling Way to Invest in Power Infrastructure – High Growth Trading at a Discount Bloomberg Four-Year (2025-2029) Consensus EBITDA CAGR Bloomberg EV / 2029 Adjusted EBITDA Multiple (As of 9/25/2026) (As of 9/25/2026) 22x 128% SEI trades at the lowest multiple of pe
Slide 13: Key Takeaways
Solaris Energy Infrastructure Key Takeaways Delivered on Commitments ~80% of Run-Rate EBITDA is Aligned, Founder-Led with Contracts Executed In-Line Under Long-Term Contracts, Management Team with with Expectations and Financial with Increasing Tenor and Significant Insider Ownership Performance Exc
Slide 14: Appendix
Solaris Energy Infrastructure Appendix solaris-energy.com
Slide 15: Raised 2026 and Initiated Q1 2027 Adjusted EBITDA Guidance
Solaris Energy Infrastructure Raised 2026 and Initiated Q1 2027 Adjusted EBITDA Guidance (1) Driven by Stronger Performance from Core Power Service Offering as Well as Recently Acquired Service Lines Q3 2026 Adj EBITDA Guidance - Revised Q4 2026 Adj EBITDA Guidance - Revised Q1 2027 Adj EBITDA Guida
Slide 16: Omega Acquisition Expands Turnkey Offerings and Enhances Execution
Solaris Energy Infrastructure September 2026 Acquisition Omega Acquisition Expands Turnkey Offerings and Enhances Execution Transaction Strategy Highlights Commercial Pipeline by End Market (2H26-2027) ▪ Expands Turnkey Execution Capabilities – Adds to full cycle solutions ▪ Addresses Key Industry B
Slide 17: Specialty Heavy Civil Platform Built for Power and Data Infrastructure
Solaris Energy Infrastructure September 2026 Specialty Heavy Civil Platform Built for Power and Data Infrastructure Acquisition Differentiated Capabilities ▪ Deep foundations – piling, drilled shafts, equipment pads ▪ Substation civil – pads, trenching, tunneling required for grid connection ▪ Chall
Slide 18: GESA Acquisition Delivers Full Cycle Power Services Globally
Solaris Energy Infrastructure July 2026 Acquisition July 2026 GESA Acquisition Delivers Full Cycle Power Services Globally Acquisition One Acquisition, Two Full Cycle Power Operations Transaction Highlights ▪ Deepens in-house expertise to service the full power project cycle, with R&M spanning all i
Slide 19: GESA's Services Expand Solaris's Full Power Asset Cycle
Solaris Energy Infrastructure July 2026 Acquisition GESA's Services Expand Solaris's Full Power Asset Cycle Power Asset Lifecycle Revenue Distribution by End Market (2025-2026 YTD) International Power 11% Spare Parts & Equipment Dismantling Utility/IPP Installation & Plant Operation & Industrial 32%
Slide 20: Turnkey Power Model Generates Attractive Returns with Durable Cash Flow
Solaris Energy Infrastructure Turnkey Power Model Generates Attractive Returns with Durable Cash Flow Illustrative Cumulative Free Cash Flow and Returns Profile of Turnkey Power Projects Cash Generation Phase: Project enters service with ratable energization; breakeven is reached Illustrative Exampl
Slide 21: Generation Required to Support Modern Industrial Loads
Solaris Energy Infrastructure Generation Required to Support Modern Industrial Loads Larger, Complex Power Needs Drive a Need for Modular Generation with Multiple Sources of Redundancy Generation Stack Then (40-50 MW) Generation Stack Now/Future (1+ GW) Microgrid w/ Integrated Primary Power, Inertia
Slide 22: Company Values
Solaris Energy Infrastructure Company Values solaris-energy.com 22
Slide 23: Current Capital Plan: Growth to 3,300 MW and Contracted Enhanced Scope
Solaris Energy Infrastructure Current Capital Plan: Growth to 3,300 MW and Contracted Enhanced Scope Remaining Consolidated and Net Capex (1) (2) ($ millions) Actual Actual Forecast Forecast Forecast Forecast Forecast Q1 2026 Q2 2026 Q3 2026 Q4 2026 2027 2028 2029 Consolidated Capex (3) $343 $492 $6
Slide 24: Financial Guidance: Q3 2026 - Q1 2027
Solaris Energy Infrastructure Financial Guidance: Q3 2026 - Q1 2027 ($ and shares in millions) Q2 2026 Actual Q3 2026 Guidance Q4 2026 Guidance Q1 2027 Guidance Power Solutions Adjusted EBITDA $96 $100-119 Logistics Solutions Adjusted EBITDA $25 $23-25 Corporate and Other Expense ($13) ($13-14) ($15
Slide 25: Debt Capitalization Summary: Current and Fully Deployed JV Capacity
Solaris Energy Infrastructure Debt Capitalization Summary: Current and Fully Deployed JV Capacity ($ in millions) Annual Notional Pro Forma for Senior Pro Forma Potential w/Fully Interest Rate Notional Balance at 6/30/26 Note Issuance (1) Deployed JV Capacity (2) Convertible Notes due 2030 ($26.39 c
Slide 26: Capitalization Options for Valuation Purposes
Solaris Energy Infrastructure Capitalization Options for Valuation Purposes Option 1: Treat Convertible Option 2: Treat Convertible ($ and shares in millions) Notes as Debt Notes as Shares Debt Convertible Notes due 2030 ($26.39 conversion price) $155 - Convertible Notes due 2031 ($57.20 conversion
Slide 27: EBITDA and Adjusted EBITDA Reconciliation
Solaris Energy Infrastructure EBITDA and Adjusted EBITDA Reconciliation Three months ended, Twelve months ended December 31, ($ in 000s) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 2025 2024 2023 Net income $25,232 $32,055 ($3,509) $24,814 $58,402 $28,918 $38,775 Depreciation a
Slide 28: Disclaimer
Solaris Energy Infrastructure Disclaimer Forward-Looking Statements References in this presentation to "Solaris," "SEI," the "Company," "we," "us" and "our" refer to Solaris Energy Infrastructure, Inc. and its consolidated subsidiaries, unless the context otherwise requires. This presentation contai
Slide 29: Disclaimer (Cont'd)
Solaris Energy Infrastructure Disclaimer (Cont'd) Use of Projections This presentation contains forward-looking financial and operational information about Solaris. This information includes Adjusted EBITDA guidance for the third and fourth quarters of 2026 and the first quarter of 2027. It also inc
Slide 30: solaris-energy.com
Solaris Energy Infrastructure solaris-energy.com Follow us on LinkedIn Solaris Energy Infrastructure Follow us on LinkedIn 9651 Katy Freeway, Suite 300 Houston, Texas 77024 solaris-energy.com
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