Slide 1: Patented clean combustion. Verified. Proven.
QUESTOR TECHNOLOGY INC. T S X-V : Q S T I N V E S T O R P R E S E N T A T I O N · A U G U S T 2 0 2 6 Patented clean combustion. Verified. Proven. The only ISO 14034 third-party verified 99.99% combustion technology. The technology was never the problem. Phase III is about the discipline to convert
Slide 2: The asset was never the problem.
O N O N E PA G E The asset was never the problem. W H AT W E N T WR O N G THE ASSET Capital without gates / Business What is still here THE ASSET W H AT W E N T WR O N G development without execution Whatof is $30.2M stillin here revenue 2019 came from a rental fleet and installed Capital without •
Slide 3: The asset is built. 'Questor Phase III' is about driving revenue growth and adding value.
I N V E S T M E N T T H E S I S The asset is built. ‘Questor Phase III’ is about driving revenue growth and adding value. Questor is debt-free, holds four patents, and owns the only ISO 14034 verified clean combustion technology in the world. What it has lacked is not capability but sequencing. Phas
Slide 4: A cash-generative core. Execution that failed.
T H E C A S E F O R C H A N G E A cash-generative core. Execution that failed. A debt-free balance sheet and a 25-year legacy of free-cash-flow generation prove the core business works: Questor built $5.9M of net cash through the 2018–2021 downcycle. What failed was execution, not the model. A board
Slide 5: The base is small. The asset that produced $30M is still here.
T H E S TA R T I N G P O I N T The base is small. The asset that produced $30M is still here. Revenue grew 50% in 2025 to $6.8 million, driven primarily by international equipment sales. The recurring North American rental base, which produced the Company's record years, has been running at low util
Slide 6: Methane rules are tightening in Questor's core markets.
R E G U L AT O R Y TA I LW I N D Methane rules are tightening in Questor’s core markets. Flare reduction mandates driving growth in other key regions. Real methane emissions run 50–100% above operator self-reported inventories (EDF–Stanford 2018; IEA Global Methane Tracker 2024). Our core markets of
Slide 7: Three revenue streams, recurring by design.
R E V E N U E M O D E L Three revenue streams, recurring by design. Questor puts its existing assets to work three ways: outright sales, a short-cycle rental fleet, and long-term lease- with-service contracts. Each install becomes recurring, service-backed cash flow. Sales 01 Rental 02 Lease + Servi
Slide 8: Over $4 million in cash. No debt. A fleet already paid for.
B A L A N C E S H E E T Over $4 million in cash. No debt. A fleet already paid for. Phase III does not depend on raising capital. The rental fleet was bought in an earlier cycle and is already owned, so redeployment is a working capital decision. The cash on hand exists to put that fleet back to wor
Slide 9: Sequenced. Direct. Disciplined.
P H A S E I I I · W H AT I S D I F F E R E N T Three changes in how this company is run. The technology and the demand were never in question. What changed in 2026 is how capital is allocated against them, with fewer markets funded at once and evidence required before spend. Phase III changes three
Slide 10: North America first, on assets already bought.
P H A S E I I I · 0 1 S E Q U E N C E D North America first, on assets already bought. The fastest revenue available to Questor does not require new capital, a new product, or a new market. It requires putting an already-owned rental fleet back to work in the two markets where the Company holds cert
Slide 11: International, rebuilt around contracts instead of introductions.
P H A S E I I I · 0 2 D I R E C T International, rebuilt around contracts instead of introductions. Phase II carried a wide set of relationships and few binding structures. Phase III is consolidating each region onto one contracted route to the customer and is explicit about which regions are not ex
Slide 12: Spending follows evidence. The cash floor is protected.
P H A S E I I I · 0 3 D I S C I P L I N E D Spending follows evidence. The cash floor is protected. Phase II funded ambition ahead of orders. Phase III reverses that order: capital is released when evidence supports it, costs are sized to the base, and the balance sheet stays unlevered. Gates 01 Cos
Slide 13: Years of "nearing completion." No commercial unit.
T H E O R C P R O G R A M M E · W H AT I T H A S C O S T Years of “nearing completion.” No commercial unit. The ORC is a 1.5 MW Organic Rankine Cycle unit meant to turn incinerator waste heat into saleable power; the Company’s largest discretionary spend. Disclosure has called it “nearing completion
Slide 14: The ORC programme is under independent review.
P H A S E I I I · 0 4 T E S T E D The ORC programme is under independent review. What is being tested Open Technical readiness, remaining development needs, capital required and market opportunity. Development outcome. drew on SDTC and NRC federal funding, and the review governs what is spent from h
Slide 15: $10 million in 2027. $15 million by 2029.
T H E P L A N · F Y 2 5 T O 2 0 2 9 $10 million in 2027. $15 million by 2029. FY25 actuals and the 2026 run rate sit left of the dashed line: the performance Phase III replaces. The plan holds a 60/30/10 mix of project, recurring rental and service, with recurring revenue growing from $4.0 million i
Slide 16: What has actually changed, and when.
M O M E N T U M S I N C E A P R I L What has actually changed, and when. Phase III is not a plan awaiting approval. Each item below has already happened. Every one is either publicly announced, filed on SEDAR+, or verifiable in the Company's continuous disclosure record. D AT E ACTION WHY IT M AT TE
Slide 17: Auditors, CFO and director turnover, all in the span of fifteen months.
G O V E R N A N C E T U R N O V E R Auditors, CFO and director turnover, all in the span of fifteen months. Between September 2023 and June 2024, the Company replaced its entire independent board, lost its auditors and its CFO, then replaced half the directors that had been appointed nine months ear
Slide 18: Shareholders choose whether to move forward or risk a return to instability.
S E P T E M B E R 9 , 2 0 2 6 Shareholders choose whether to move forward or risk a return to instability. The Company’s nominees ask to be judged on the plan set out in this deck, and on the record below. THE PLAN IN MOTION THE A LT E R N A T I V E PAT H Special Committee of independent directors f
Slide 19: Vote FOR the Company's director nominees.
Y O U R V O T E · S E P T E M B E R 9 , 2 0 2 6 Vote FOR the Company’s director nominees. Protect your investment in Questor. Vote using only the GOLD management proxy, well in advance of the deadline, and discard any proxy materials received from the former CEO. 01 02 03 31 July 4 September 9 Septe
Slide 20: A specialized board and leadership for Questor's next phase.
T H E T E A M · B O A R D A N D C E O A specialized board and leadership for Questor’s next phase. Five independent nominees with operating, technical and capital markets depth. Full biographies are in the Circular. Paul Huizinga Mike Krayacich Jason Smith I N D E P E N D E N T I N D E P E N D E N T
Slide 21: Legal Disclaimer
L E G A L D I S C L A I M E R This document does not constitute an offer to sell securities of Questor Technology Inc. (“Company” or “Questor”) or any other entity, and it is not soliciting an offer to buy any such securities. While information in this document derived from third parties is obtained