Polaris Renewable Energy Inc. · TSX:PIF
Polaris Renewable Energy — Investor Presentation (June 2026)
20 slides from Polaris Renewable Energy's investor presentation, June 2026
Slide 1: Corporate Presentation June 2026
Corporate Presentation June 2026
Slide 2: Forward-Looking Information
Forward - Looking Information This Presentation contains certain “forward-looking information” which Risk of the geothermal and hydro power industries; political instability or may include, but is not limited to, statements with respect to future events insurrection or war; labor force availability
Slide 3: 1. Introduction to Polaris – Who We Are 2. Capital Markets Snapshot 3. Locations
1. Introduction to Polaris – Who We Are 2. Capital Markets Snapshot 3. Locations and Assets Summary 4. Financials 5. Management Team 6. Growth Plan – Where we are going 7. Polaris ESG 8. Highlights
Slide 4: Polaris - Who We Are
Polaris - Who We Are REGIONAL RENEWABLE ENERGY PLATFORM INVESTMENT & CASH FLOW PROFILE • Leading renewable energy platform in • Focused on strong shareholder returns Latin America & the Caribbean • 99% of revenues fully contracted • Operations across 6 countries • 100% USD revenues • 8 operating pla
Slide 5: Capital Markets Snapshot
Capital Markets Snapshot SHARES OUTSTANDING (1) DEBT (1) Annual Dividend (US$) 20.9 mm US$222 mm 0.60 Share Price C$14.70 MARKET CAPITALIZATION (2) CASH ON HAND (1) Dividend Yield (~US $10.66) US$222 mm US$97.5 mm 5.6% SYMBOL: PIF.TO LTM EBITDA (1) (3) Enterprise Value (US$) (4) EV / EBITDA (3) ~ US
Slide 6: Locations and key portfolio information
Locations and key portfolio information Locations and key portfolio information Headquarters Projects fully owned and operated by Geothermal Polaris (1) Hydropower Toronto - HO 182 MW Solar Total installed capacity Wind power Canoa 1 | 25MW Punta Lima | 26MW Dominican Republic Puerto Rico 810,731 MW
Slide 7: Assets summary
Assets summary Nicaragua Peru Puerto Rico Dominican Republic Panama Ecuador 8 high-quality assets across 6 countries 8 de Agosto Assets San Jacinto El Carmen Punta Lima Canoa Vista Hermosa San Jose de Minas Canchayllo Installed Capacity (MW) 82 20 – 8 – 5 26 25 10 6 Asset type Geothermal Hydropower
Slide 8: All assets have long term PPAs
All assets have long term PPAs - Take-or-pay contracts with no obligation for Polaris to deliver minimum volumes1 Country Asset Off-taker 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 Credit Rating2 San Jacinto Dis Norte Dis Sur Moody’s B2 S&P B+ Nicaragua Government own
Slide 9: Long Term Debt Summary
Long Term Debt Summary Borrower - Jurisdiction Amount Fixed/Floating Rate Maturity Dates ? Canada – Corporate Bond $175 million Fixed 9.50% December 3, 2029 Dominican Republic – $29 million Fixed 7.00% September 30, 2037 Canoa Debt Peru – GASAC Debt $18 million Fixed N/A June 15, 2038 Total $222 mil
Slide 10: Global and Regional Management Team
Global and Regional Management Team Corporate Finance / Accounting / Tax / Legal Team - Toronto Marc Murnaghan Alba Seisdedos Anton Jelic Michael Kosiancic Yumey Fernandez Denise Parada Fernando Joffre CEO CFO CAO EVP – Project Finance VP - Finance VP – Corporate Communications Director - Project De
Slide 11: Market Trends
Market Trends AI, cloud computing, and Project Scaling Industrial policy & nearshoring data centers (local content and reshoring) In North America, the size and scale of Local content legislation and The emergence of AI is projects is growing dramatically. nearshoring driving new causing large, stru
Slide 12: Where Are We Going?
Where Are We Going? STRATEGY TO PROJECTS DRIVE RETURNS Will continue to be Opportunistic/Nimble Will continue to focus on Small to Mid- to find projects with Strong Risk/Return Sized Projects profiles in current markets However, BOTH the size of projects and the number of markets we are lookin
Slide 13: Pipeline "Pyramid"
Pipeline “Pyramid” Total Capacity Total Projects 1* ~1,435 MWs 26 10 MWs LOI Signed Signed / Proprietary 1* Pipeline 02 72 MWs Construction Ready 3* ~ 280 MWs Late-Stage Development Active 7* Negotiations ~520 MWs Ongoing Mid-Stage Development 4* 300 MWs Early-Stage Development 10* ~250 MWs Operatin
Slide 14: Puerto Rico – Accelerated Storage Addition Program (ASAP)
Puerto Rico – Accelerated Storage Addition Program (ASAP) Program Overview Project Scope & Value Creation Regulatory Status Timeline ASAP approved in 2024 to o BESS Capacity: 71.4 MW o Expected EBITDA o Fully approved accelerate deployment of (35.7 MW × 2) contribution: ~US$12 Battery Energy Storage
Slide 15: Key Development Initiatives
Key Development Initiatives Country # of Total EBITDA Description Project Type Contract Length Currency Timing Projects Capital Estimate July Mexico Mixed Convocatoria 1 3 Solar + BESS 25 Yrs. US$ $240 mm $27 mm Agreements RFP Process 1 Solar + BESS 20 Yrs. US$ $250 mm $42 mm July Selection August P
Slide 16: Growth and Diversification Targets – Next 5 Years
Growth and Diversification Targets – Next 5 Years EBITDA Now 3 Years 5 Years 2% 20% 10% 1% 34% 34% 33% 16% $55M $100M $150M 9% 71% 1% 26% 2% 6% 1% 9% 21% 16% 6% Nicaragua Puerto Rico Peru DR Panama Ecuador Mexico 16
Slide 17: Balance Sheet "Capacity"
Balance Sheet “Capacity” • Significant capital is available Amount Target given the Cash On Hand, Free Cash Flow generation, AND our Cash – on – Hand $97.5 mm ASAP reasonable low Net Debt to EBITDA Small Acquisition • Project debt will be available at very competitive rates • Can add approximately 4
Slide 18: Polaris ESG – Core Focus – Social Commitment
Polaris ESG – Core Focus – Social Commitment Demonstrating social license to operate through education, livelihoods, infrastructure, and environment Education: school and university scholarships Infrastructure: upgrade of access road; installation of sewers and bridges Includes robotics educational
Slide 19: Key Highlights
Key Highlights Diversified and Expanding Regional Platform 1 Leading renewable energy platform in Latin America & the Caribbean, operating 8 plants across 6 countries Technology Diversification and Scalable Growth Pipeline Diversified renewable assets across solar, hydro, wind, and geothermal, with
Slide 20: 7 St Thomas St., Suite 606 Toronto, ON Canada
7 St Thomas St., Suite Email: info@polarisrei.com Investor Relations 606 Toronto, ON Website: polarisrei.com 647-245-7199 Canada M5S 2B7
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