Tantalus Systems Holding Inc · TSX:GRID
Tantalus Systems — Investor Presentation (June 2026)
29 slides from Tantalus Systems's investor presentation, June 2026
Slide 1: Modernize the Grid by Harnessing the Power of Data
TANTALUS.COM June 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: Focused Market Strategy Within Utility Industry
Focused Market Strategy Within Utility Industry Deep penetration in core segments with expanding opportunity into larger utilities (~3,000 utilities in the US)* U.S. Market Segmentation* Why Utilities Select Tantalus Tantalus’ Core Focus Technology Advantage • Public Power (~2,000 utilities) and Ele
Slide 6: 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 7: Tantalus Grid Modernization Platform (TGMP)
Tantalus Grid Modernization Platform (TGMP) A hardware-enabled software model that leads to recurring revenue from each intelligent device Analytics TRUGrid Automation & Analytics (Transformer, Reliability, Verify and Advantage) Applications TRUConnect AMI, TRUFlex Load+DER Management, and outcome-d
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 A suite of solutions integrated through TGMP to solve immediate challenges with expansion opportunities Substation to Meter: Grid Edge: Access to data + Behind the Meter: Leveraging every Balance and managing supply/demand command
Slide 9: 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 10: 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 11: Behind the Meter Use Case: Creating Dispatchable Load
Behind the Meter Use Case: Creating Dispatchable Load Using TGMP and TRUSense Gateway to unlock flexible residential demand response Savant Director Savant Panel Modules TRUSense Gateway Savant Pro App TSX:GRID, OTCQX:TGMPF Confidential and Proprietary 11
Slide 12: Power Quality Use Case: Predictive Transformer Analytics
Power Quality Use Case: Predictive Transformer Analytics Leveraging grid edge data to detect vulnerabilities, reduce overload risk, and support reliability • Predictive Analytics Offering – Common user interface designed alongside our user community provides real-time insights across the utility – I
Slide 13: Business Model and Financial Summary
Business Model and Financial Summary As of March 31, 2026
Slide 14: Sustainable Growth: Extended Revenue Opportunity
Sustainable Growth: Extended Revenue Opportunity Connected Devices and Software & Services deliver complementary revenue across three strategic phases PHASE 1: DEPLOY PHASE 2: EXPAND & SUSTAIN PHASE 3: UPGRADE & EXTEND Years 1 – 3 Years 4 – 10 Years 10 – 15+ CONNECTED DEVICES (~65% of total revenue)
Slide 15: How Do We Drive Durable Demand?
How Do We Drive Durable Demand? The Tantalus sales process – Land, Expand & Broaden Validation of repeating our process Land • Expand and leverage sales coverage Tantalus adds ~20 new accounts annually, representing via channel partners ~150,000 connected endpoints per year Existing user community r
Slide 16: 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 $6.5 Gross profits
Slide 17: Q1 2026 Revenue Contribution & Gross Profit Margin Summary
Q1 2026 Revenue Contribution & Gross Profit Margin Summary Demonstrating favorable trajectories for revenue and gross profit growth Revenue by Segment - US$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% $4.
Slide 18: TTM Q1 2026 Income Statement Summary – US$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 of 20%+ attributable to expanding $60.0 $57.3 user community, accelerating deployments and commer
Slide 19: TTM Q1 2026 Cash Flow Waterfall
TTM Q1 2026 Cash Flow Waterfall Rising operating results translate into solid free cash flow US$000s • Positive cash flow from $35,000 operations of $6.3 million and $31,937 free cash flow of $5.7 million $30,000 while growing revenue at 20%+ during the 12-month period $25,000 • Completed bought dea
Slide 20: Key Financial Trends
Key Financial Trends Seeking to extend our trajectory of growth as the TxG is commercialized and new initiatives are activated (US$ 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: Disciplined Approach to Capital Allocation
Disciplined Approach to Capital Allocation Prioritizing opportunities that strengthen market position and generate attractive long-term returns ✦ Product Innovation TRUSense Gateway Case Study Invest in differentiated solutions such as TRUSense Gateway and TRUGrid analytics offerings that expand add
Slide 23: Why Invest in Tantalus?
Why Invest in Tantalus? Durable Demand to Drive Scalable Growth Structural Tailwinds Proven Platform with Scalable Growth With Driving Durable Demand Embedded Customer New & Existing Base Customers • Electrification, DERs, and grid • Validated sales model that • TxG enables new use cases across comp
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 Michael Grandis Michael Julian Tom Allen Leena Al-Hajjar President & CEO CFO Chief Legal & CRO EVP, Product Chief People & Board Member Administrative Officer Development Culture Officer Board of Directors Laura Formusa Dr. Francis Harvey
Slide 27: ESG: Supporting a More Reliable, Resilient and Sustainable Grid
ESG: Supporting a More Reliable, Resilient and Sustainable Grid ENVIRONMENTAL SOCIAL GOVERNANCE ESG at Tantalus • 100% grid electricity; hydro-powered HQ • High employee engagement score through annual • ESG Working Group; Board oversight of ESG and climate • Office recycling; automated lights and l
Slide 28: Capitalization Overview
Capitalization Overview Shareholders 7% 27% 66% Institutional Directors & Retail Executives TSX:GRID, OTCQX:TGMPF Debt (as of 3/31/2026) US$6.4M Beacon Securities Gabriel Leung Share Price (as of 05/29/2026) C$6.11 Canaccord Genuity Yuri Lynk Market Cap C$344M ATB Cormark Capital Markets Nick Boychu
Slide 29: Non-IFRS Measures
NON-IFRS MEASURES Reconciliation of Loss to Adjusted EBITDA for the period TSX:GRID, OTCQX:TGMPF Confidential and Proprietary 29
Tantalus Systems Holding — Investor Presentation (June 2026) on 6ix