Polaris Renewable Energy Inc. · TSX:PIF
Polaris Renewable Energy — Investor Presentation (September 2026)
21 slides from Polaris Renewable Energy's investor presentation, September 2026
Slide 1: Corporate Presentation September 2026
Corporate Presentation September 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: Agenda
1. Introduction to Polaris – Who We Are 2. Assets summary 3. Financials 4. Management team 5. Growth Plan – Where we are going 6. Highlights Change this picture to solar or hydro?
Slide 4: Polaris - Who We Are
Polaris - Who We Are REGIONAL RENEWABLE ENERGY PLATFORM INVESTMENT & CASH FLOW PROFILE • Leading renewable energy platform in • 100% USD revenues Latin America & the Caribbean • 99% of revenues fully contracted • Operations across 6 countries • Very strong payment track record • 8 operating plants i
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$14.25 MARKET CAPITALIZATION (2) CASH ON HAND (1) Dividend Yield (~US $10.33) US$216 mm C US$98.8 mm 5.8% SYMBOL: PIF.TO LTM EBITDA (1) (3) Enterprise Value (US$) (4) EV / EBITDA (3) x
Slide 6: Locations and key portfolio information
Locations and key portfolio information Locations and key portfolio information Headquarters Projects majority owned and operated Geothermal by 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
Slide 7: Asset summary
Asset summary Nicaragua Peru Dominican Republic Panama Ecuador Puerto Rico 8 high quality 8 high-quality assets across 6 assets across 6 countries countries 8 de Agosto Assets San Jacinto El Carmen Canoa Vista Hermosa San Jose de Minas Punta Lima Canchayllo Installed Capacity (MW) 82 20 – 8 – 5 25 1
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 mill
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 & Growth Strategy
Market Trends & Growth Strategy MARKET TRENDS WHERE WE ARE GOING Scale the platform while remaining disciplined AI, cloud & data centers Continue focusing on small-to-mid-sized projects Structural electricity demand growth is reshaping while expanding both project size and the number the market and
Slide 12: Pipeline “Pyramid”
Pipeline “Pyramid” Total Capacity Total Projects ~1,500 MWs 20 1* Signed / ~ 72 MWs Contracted 02 Construction Ready 3* ~ 250 MWs Late-Stage Development Internal 3* Pipeline ~400 MWs Mid-Stage Development 3* ~ 500 MWs Early-Stage Development 6 10* ~250 MWs Operating Acquisitions * Number of projects
Slide 13: 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$12.5 Battery Energy Stora
Slide 14: Mexico – Mixtos Project Summary
Mexico – Mixtos Project Summary 250 481 61.6/192 $247 MWdc GWh/yr BESS MW · MWh MUSD Total installed capacity Estimated annual generation Storage capacity (BESS) Total Capex Project Location Capacity (dc) Generation Land PPA (USD/MWh) Capex (MUSD) Don Humberto Sinaloa 25 MW 54.6 GWh 40 ha $53.5 $21
Slide 15: Expected Commercial Operation Date Timeline
Expected Commercial Operation Date Timeline PROJECT Q1-2027 Q2-2027 Q3-2027 Q4-2027 Q1-2028 Q2-2028 Q3-2028 Q4-2028 ASAP 71 MW Don Humberto 25 MW Tres Hermanos 92 MW Girasoles 133 MW 15
Slide 16: Key Development Initiatives
Key Development Initiatives. # of Contract Total EBITDA Country Description Project Type Currency Timing Projects Length Capital Estimate Mexico Mixed Convocatoria July 1 3 Solar + BESS 25 Yrs. US$ $247 mm $30 mm Agreements RFP Process 1 Solar + BESS 20 Yrs. US$ $250 mm $42 mm Q3 Selection Private D
Slide 17: Growth and Diversification Targets – Next 5 Years
Growth and Diversification Targets – Next 5 Years EBITDA Now 3 Years 5 Years 1% 20% 3% 8% 34% 34% 33% 15% $52M $100M $150M 10% 63% 1% 26% 2% 6% 1% 9% 21% 16% 6% Nicaragua Puerto Rico Peru DR Panama Ecuador Mexico 17
Slide 18: 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 ~$99 mm ASAP reasonable low Net Debt to EBITDA Small Acquisition • Project debt will be available at very competitive rates • Can add approximately 40
Slide 19: 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 20: 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 2 Diversified renewable assets across solar, hydro, wind, and geothermal, wit
Slide 21: Contact
7 St Thomas St., Suite Email: [email protected] Investor Relations 606 Toronto, ON Website: polarisrei.com 647-245-7199 Canada M5S 2B7
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